North America Coaxial Cable Market: Rapidly Evolving Industry…… COVID-19….


The North American coaxial cable market is expected to reach USD 3,482.3 million by 2020, according to a new study by Grand View Research, Inc. Increased spending on telecom and IT, low installation/setup cost coupled with advancement in technology is expected to be the key market driver over the forecast period. The presence of a large number of internet service providers in this region is expected to spur demand across end-use application markets.
In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.
High demand for coaxial cables, owing to high investment in broadcasting and broadband sectors so as to enhance communication infrastructure, is also expected to serve as a driver to the market over the next six years. Furthermore, attractive FDI policies and low trade barriers across Canada and Mexico have led to rise in investments in this market. However, high price and threat from substitutes such as fiber optic cables, which are used widely in LANs, may restrain the industry growth over the next few years. Initiatives to extend distribution channels so as to serve potential rural markets and issuing of DOCSIS 3.1 are expected to be an opportunity for industry participants.
Coaxial cable consists of a copper wire that is surrounded by an insulation layer and then by an extruded metal tube or by grounded braided wire shield, the whole thing wrapped in another insulation layer and finally in the protective outer layer. Metal tube has high transmission capacity but is used in specific applications due to its rigidity. Coaxial cable end connections are usually made up of specially designed radio frequency (RF) connectors. Coaxial cables are used for transferring radio frequency, the internet and video data over distributed networks. This cable often referred as coax, is usually used by television companies for transporting television broadcast signals in customer premises and also by customers for connecting television receivers to an external antenna.
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https://www.grandviewresearch.com/industry-analysis/north-america-coaxial-cable/request/rs1
Further key findings from the study suggest:
·         RF transfer application segment is expected to continue dominating the market, and accounted for over 60% of the overall market share in 2013. This is mainly because of its effectiveness in providing maximum channel bandwidth and low installation cost. Video distribution is expected to grow at the fastest CAGR of 7.3% from 2014 to 2020. Telecom and IT industry is expected to remain the key application area owing to increased investments in these sectors.
·         In terms of end-use, system integrators are expected to grow at a fastest CAGR of 8.2% from 2014 to 2020, owing to the need for enhancing communication infrastructure.
·         The U.S. is expected to dominate the market over the forecast period, accounting for over 50% of the market in 2013. Further, it is expected to grow at a CAGR of 6.6% from 2014 to 2020, owing to the presence of key industry participants in the region.
·         Companies operating in the market include Amphenol Corporation, Belden Inc, General Cable Corporation, LS Cable & System, Coleman Cable Inc, TE Connectivity Ltd, Alpha Wire, L-Com North America Connectivity etc. The market is consolidated in nature, and characterized by low installation cost and ease of use. Initiatives to extend distribution channel in rural markets is expected to remain the key growth strategy over the forecast period.
Short coaxial cables are available that are used in ham radio systems and to connect home video equipment.Coaxial is widely used for computer networks such as Ethernet. Coaxial cable supports 10 to 100 Mbps and is relatively inexpensive. Increasing telecom and IT spending in North America, low cost of installation, and technological advancement in coaxial cables and related equipment for enabling reliable data transfer are expected to be major drivers for North America coaxial cable market. Formerly, coaxial cable was widely used in LANs; however now LANs use optical fiber cable, twisted pair wiring and radio waves due to their various benefits such as lower cost greater capacity and ease of use.
Increasing raw material prices and high competition from the substitutes are expected to be major market restraints.Initiatives for extending distribution channels with the purpose to serve potential rural markets and issue of DOCSIS 3.1 (Data Over Cable Service Interface Specification 3.1) may act as major opportunities for the players in North America coaxial cable market.
Coaxial cables are used in data communication and in manufacturing of communication devices and equipment. Application segments for North America coaxial cable market are video distribution, radio frequency transfer and internet data transfer. Video distribution segment has held the largest market share for coaxial cable application. This segment is expected to grow at highest rate due to increasing popularity of over the top (OTT) services, video on demand (VOD) and internet protocol, followed by internet data transfer and radio frequency transfer. 
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/north-america-coaxial-cable-market
Grand View Research has segmented the North America coaxial cable market on the basis of application, end-use:
North America Coaxial Cable Application Outlook (Revenue, USD Million, 2012 - 2020)
·         Video Distribution
·         Radio Frequency Transfer
·         Internet Data Transfer
North America Coaxial Cable End-Use Outlook (Revenue, USD Million, 2012 - 2020)
·         CATV Companies
·         System Integrators
·         Military & Aerospace
·         Telephone Service Providers
·         Internet Service Providers
·         Construction Industry
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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