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.
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 the 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 the manufacturing of communication devices and equipment. Application segments for North America coaxial cable market are video distribution, radiofrequency transfer and internet data transfer. Video distribution segment has held the largest market share for coaxial cable applications. This segment is expected to grow at the highest rate due to the increasing popularity of over the top (OTT) services, video on demand (VOD), and internet protocol, followed by internet data transfer and radio frequency transfer.
End users for coaxial cables include system integrators, CATV companies, telephone service providers, military and aerospace, construction industry, internet service providers, and others. The Internet service provider (ISP) has been the largest end-user segment for coaxial cables in North America and is expected to continue to dominate the market share in the forecast period due to increasing number of internet service providers (ISP) and IPTV providers in this region.
By region, North America coaxial cable market is segmented into U.S., Canada, and Mexico. The U.S. has been the largest market for coaxial cables and continuous demand is expected from this region which may help in retaining the market share. U.S. and Canada are relatively mature regional markets as compared to Mexico. Canada and Mexico are expected to be a high-potential market for coaxial cables due to increasing investments in the telecom industry, broadcasting, and broadband sectors in order to improve communication infrastructure. Low trade barriers and attractive FDI policies in broadband and telecommunication have influenced the market players to invest in this market.
North America region experiences high competition due to a large number of multinational manufacturers and domestic manufacturers. In North America coaxial cable market no single player has strong hold, whereas a high combined market share has been held by key market players which include TE Connectivity Ltd., Coleman Cable Inc., LS Cable & System, General Cable Corporation, Belden Inc. and Amphenol Corporation. Other market players are Alpha Wire, Southwire, Nexans S.A., and L-Com North America Connectivity.
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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.