According to market research institution CREDENCE RESEARCH, the global coaxial cable market will exceed $11 billion by 2025.
The coaxial cable is a type of cable in which the inner conductor is wrapped in a tubular insulating layer and the tubular insulating layer is wrapped by a layer of mesh conductor to minimize electrical and radio frequency interference. This ensures a more efficient, uninterrupted signal transmission. A major factor driving the growth of the global coaxial cable market is the increasing deployment of advanced coaxial technology in Internet access and home connected devices.
The global coaxial cable market can be divided by application and end users. For application, the market can be divided into video distribution, RF transmission and Internet infrastructure. In 2016, the market was dominated by the RF transmission field, accounting for more than 50% of the total market revenue. For the end user, the market can be divided into TV, defence & aerospace, Internet service providers, telephone service providers, system integrators and others. In 2016, the TV sector accounted for the largest share, accounting for more than 25% of total revenue.
By region, the market can be divided into North America, Europe, Asia Pacific and other parts of the world. In 2016, the Asia Pacific region dominates the global market and will be the fastest growing region during the forecast period. The demand for coaxial cable in the Asia Pacific region is mainly from China, Japan and India. Due to the restrictions on fiber optics in these regions, coaxial cable will continue to witness stable demand in the next few years.
Major suppliers for the global coaxial cable market include General Cable, Tyco Electronics, American Belden, Southern Wire, Prysmian, Nexans, Amphenol Group, LS Cable, Coleman Cable and Alpha Cable.