A coaxial is comprised of copper wire, which is enclosed by an insulation layer followed by an extruded metal tube. The entire thing is wrapped in another insulation layer and finally in the protective outer layer. Current MoCA specification supports multiple stream HD video distribution over home connected devices up to 175 Mbits/s net throughputs by using coaxial cables. Coaxial cables are cheap and easy to install compared to optical cable networks which encourage CATV and Internet IPTV operators to deploy this technology for distribution of their services.
Market Statistics:
The North America coaxial cable market is expected to surpass US$ 6,843.9 Mn in terms of value by the end of 2028.
Market Driver
High growth of telecom sector is expected to propel the North America coaxial cable market growth over the forecast period. Telecom sector has witnessed significant growth across North America in the recent past. Many telecom companies such as AT&T, T-Mobile, and Verizon have started deploying 5G services across the U.S. As a result of this, the demand for coaxial cables is increasing across the region. Since coaxial cables offer higher bandwidth for high-definition videos and high speed internet, the majority of telecom companies are adopting these cables to provide their 5G network systems.
Market Opportunity
Launch of novel products can provide lucrative growth opportunities. Major market players are focused on research and development activities, in order to expand the product portfolio and gain a competitive edge in the market. For instance, in October 2011, Nexans launched a high-speed miniature coaxial cable that supports video, voice, and internet data transmission at a high speed up to 155 Mbits/s. This customer-specific product is developed by considering customers' high-speed data transfer needs over wired networks. Furthermore, in August 2012, General Cable launched Carol DBRF Flexible Low Loss 50 ohm Coax cable. This cable is designed by considering increasing demand for distributed antenna systems (DAS).
North America Coaxial Cable Market: Recent Developments
- TE Connectivity has made 15 acquisitions and 2 investments. The company has spent over $ 3.98B for the acquisitions. For instance, the company acquired ERNI Electronics in Jul 2021, DRI Relays in Nov 2020, and Silicon Microstructures in Sep 2019.
- Belden Inc. is constantly focusing on acquisition in order to expand its business offering. Recently, the company has made 8 acquisition and 1 investment in multiple sectors such as Telecom Infrastructure Tech, Cybersecurity, Tech for Film & TV and more. For instance, in January 2021, Belden Inc. Company acquired OTN Systems, the company develops and markets fiber optic networking products dedicated to the operational telecommunication departments of metros, light rail systems, etc.
- The key market players are focusing on development of technology, launching products with new variations, and mergers and acquisition to stay competitive in the market. For instance, Belden Inc. directly sells its products to television networks including ABC, CBS, FOX and NBC. The company also provides special cables for security applications such as video surveillance systems, motion detection, airport baggage screening, etc.
Market Restraint
High maintenance and deployment costs are expected to hinder the North America coaxial cable market growth over the forecast period. Although coaxial cables offer numerous benefits, it requires constant maintenance operations. Furthermore, the initial deployment cost of coaxial cable is significantly high, which in turn, is expected to hinder the North America coaxial cable market growth over the forecast period.
North America Coaxial Cable Market - Impact of Coronavirus (Covid-19) Pandemic
North America coaxial cable market has witnessed a sharp decline in growth during the COVID-19 pandemic. Following the pandemic, many countries adopted stringent regulatory policies, which impacted manufacturing industries worldwide. Due to temporary disruption in the global supply chain industry, the influx of various raw materials was hindered significantly. Besides, strict regulations on physical distancing, manufacturing activities were halted temporarily in many parts of the world. However, key companies are optimistic as many countries have started relaxing the COVID-19 regulations. Besides, mass vaccination campaigns can aid the market growth in the near future.
To know the latest trends and insights prevalent in the North America Coaxial Cable Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/north-america-coaxial-cable-market-4760
Key Takeaways:
- The North America coaxial cable market was valued at US$ 3,620.4 Mn in 2020 and is forecast to reach a value of US$ 6,843.9 Mn by 2028 at a CAGR of 8.4% between 2021 and 2028. This is owing to the need for high speed internet as well as sharing and downloading of high definition videos.
- The RF Transfer segment under application criteria was valued US$ 2,249.6 Mn in 2020 and is expected to witness a CAGR of 8% over the forecast period. This is owing to the absence of interference in coaxial cable is what makes it one of the most reliable choices for transmitting radio signals.
Market Trends
Major companies in the market are focused on various inorganic strategies such as acquisitions, partnerships, and agreements, in order to enhance the market presence. For instance, in March 2013, TE Connectivity entered into a distribution agreement with WireMaster to distribute its wire and cable products in North and South America for aerospace, defense, and marine applications. Furthermore, in 2012, Nexan acquired AmerCable Holding Inc., one of North Americas leading cable manufacturers for oil and gas markets.
North American coaxial cable manufacturers are focusing on extending their distribution networks to improve sustainability in this competitive market. Therefore, many distributors have partnered with multiple distributors to sell their products besides having their own distribution system. E-commerce is playing a vital role in the distribution of coaxial cable. Distributors and manufacturers are using e-business solutions for pre-sale, ordering, and post-sale functions. These solutions have significantly improved performance in both businesses to business (B2B) and business to consumer (B2C) segments.
Competitive Section
Key players operating in the North America coaxial cable market are Belden Inc., Alpha Wire, General Cable Corporation, L-Com Global Connectivity, LS Cable & System, Southwire, TE Connectivity Ltd, Nexans S.A., Amphenol Corporation, and Coleman Cable Inc.
