The impedance of a coaxial cable depends on
where, diameter of outer conductor
diameter of inner conductor
characteristic impedance of the cable
permmitivity of free-space
relative permittivity of dielectric
From Eq.(1), we can conclude that it is the ratio that defines the characteristic impedance of the cable.
The maximum power handling capacity of air filled coaxial line is set by the dielectric breakdown voltage of air.
For coaxial cable, the electrical field at a distance r along the radial vector is
The voltage is maximum at the surface of the cable, and is given by
dielectric voltage breakdown of air in V/m
Peak voltage at the surface of cable
Therefore, the maximum power handling capacity of the cable is