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Coaxial Cable is coming for you!

Monday, December 15, 2014

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Look out world, coaxial cable is coming for you. This common type of cable can be seen in your televisions, your VCR’s, cable boxes, and Ethernet cables and according to a recent report by Transparency Market Research the North American Coaxial Cable Market is expected to reach a value of an estimated 3.1 billion dollars by 2018. That is a growth rate of approximately 7.2 % each year until 2018. “I would agree with the overall percentage,” said Trum Rittling, from Harbour Industries, a manufacturer of wire and cable for military, commercial, and industrial markets. The report, titled “Coaxial Cable Market-North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018,” says that after a careful analysis, researchers determined that the growth in coax cable is mainly because, in North America alone, there has been an increasing need for accessing the internet in different commercial spaces, homes, or offices in multiple rooms.  In 2012, The United States had the largest market share in the coaxial cable business at 59.2%.  The report attributes a large part of this increase to the booming market of video streaming services such as Netflix and Apple TV, which currently represents the largest segment of end users in the region.  Currently, in the United States, 90% of Americans have coaxial cable networks to access content on HDTV, laptops, BlueRays, and gaming consoles. However, the coaxial cable market isn’t tied to the television business alone; it’s also relevant in the military, aerospace, construction, medical, automotive, and marine industries.  There is also evidence to suggest that between now and 2018, there will be a huge demand for coaxial cable for security and surveillance equipment manufacturers as the United States has been focusing on improving security in both the public and private sectors, researchers have found.

RG_214 RG214 Coaxial Cable

“Coaxial cable applications are many, from connecting your cable TV to high-frequency coax used to jam an IED,” Rittling said. As for the Netflix and Apple TV connection, Rittling says he’s not sure they are truly contributing to the increase. “Those systems utilize HDMI type cable and connectors, not coax,” Rittling said. Coming up in a close second and third for control of this useful cable are Canada and Mexico who are projected to have serious gains due to more investment in improving communications in their respective countries, the report said.  In Mexico, specifically, there is an increase in funding from the government for telecommunications and broadband to support economic development, analysts said. People are finding this to be an attractive investment due to low restrictions on trade, among other reasons. For more information on coaxial cable visit our Coaxial Cable FAQ page. If you need a quote or to speak to a rep, call us at 1-800-472-4655. We will be watching for the outcome on this issue and will bring it to you as soon as it develops.  

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