Global Cable Modem Equipment Market Set to Soar, Expected to Reach $11.8 Billion by 2030
The global cable modem equipment market is poised for significant growth, with an estimated value of $7.7 billion in 2022 projected to reach $11.8 billion by 2030, at a compound annual growth rate (CAGR) of 5.5% over the analysis period from 2022 to 2030.
- The global cable modem equipment market is poised for significant growth, with an estimated value of $7.7 billion in 2022 projected to reach $11.8 billion by 2030, at a compound annual growth rate (CAGR) of 5.5% over the analysis period from 2022 to 2030.
- This growth is driven by various factors, including the increasing adoption of external cable modem equipment.
- External Segment: The external segment is expected to experience substantial growth, with a projected CAGR of 6.3%, reaching $8 billion by 2030.
- United States: The U.S. market is estimated to be worth $2 billion in 2022, reflecting the growing demand for cable modem equipment in the country.