The cable modem market has demonstrated progressive growth over recent years.
• With a CAGR of 4.0% that saw the market size increase from $9.43 billion in 2024 to $9.81 billion in 2025.
This expansion can primarily be credited to the development in cable TV network infrastructure, the flourishing of online streaming services, increased adoption of smart home devices and substantial government initiatives for broadband expansion.
The cable modem market is poised for robust growth over the immediate forecast period.
• The market is projected to expand to $13.99 billion in 2029, representing a CAGR of 9.3%. Drivers contributing to this significant growth encompass increasing demand for gigabit internet, the rise of remote work and learning, growing bandwidth requirements, energy efficiency initiatives, and advanced network management solutions.
Emerging trends to watch include the evolution of multi-gigabit ethernet connectivity, global connectivity initiatives, integration with Wi-Fi 6 technology, advanced network virtualization, quality of service (QoS) optimization, and 5G integration and coexistence.
The burgeoning demand for high-speed broadband networks provides a significant impetus to the cable modem market growth. The need for these networks rises as the transmission of wide bandwidth data via a high-speed internet connection becomes more prevalent. For example, as reported by Cisco, the percentage of Machine-to-Machine (M2M) connections is predicted to soar from 33% in 2018 to 50% by 2023, resulting in 14.7 billion M2M connections. This reliance on fast internet connectivity adds fuel to the market expansion of cable modems.
The cable modem market can be segmented in the following ways –
1) By Type: External Cable Modems, Internal Cable Modems, Interactive Set-Top Box
2) By Connectivity: Wired, Wireless
3) By Application: Residential, Commercial, Industrial, Schools and Institutes, Other Applications
Notable companies in the cable modem market have zeroed in on developing innovative products such as modem-routers to improve internet connectivity and streamline the user experience. For instance, Arris International Limited launched the SURFboard S34, a next-generation DOCSIS 3.1 cable modem in September 2024. This high-speed internet connection offers significant benefits by delivering download speeds of up to 2.5 Gbps, perfect for high-demand activities like gaming and streaming 4K or 8K content simultaneously.
Key players in the cable modem market include:
• CommScope Inc.
• NETGEAR Inc.
• TP-Link Technologies Co. Ltd.
• Ubee Interactive Inc.
• Zoom Telephonics Inc.
• Zyxel Communications Corporation
• Arcadyan Technology Corporation
• ARRIS International LLC
• Askey Computer Corporation
• Aurora Networks Inc.
In 2024, Asia-Pacific held the largest stake in the cable modem market. Furthermore, this region is projected to be the fastest-growing market during the forecast period. The regions analyzed in the cable modem market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.