SUBMARINE CABLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

The submarine communication cables carry around 90% of the data traffic across the world. In addition, their total carrying capacity is in terabits per second. As a result, they are the most valued cables for OTT and communication providers such as Google, Amazon, Facebook, and Microsoft. For instance, in October 2021 NEC, the Japanese IT company announced plans to build a huge submarine cable with four crore fiber optics for Facebook. The submarine is expected to hold a capacity of up to 500mbps across 24 fiber pairs. Most economies consider submarine cables a vital component of the economy and have set regulations to protect them from threats. For instance, the Australian Communications and Media Authority (ACMA) has created safety zones that prohibit activities that can damage these cables linked through Australia & the Rest of the World. In addition, it legalizes the installation of new submarine cables projects.

In 2021, Submarine Cables Market is estimated to reach US$ 7,321.2 million in terms of value.

Market Dynamics

Over 97% of the global internet traffic is dependent on submarine cables, and almost everyone relies on the Internet for day-to-day activities. The world is connected through the Internet; thus, global traffic is increasing every other day. About half of the global internet traffic comes from Asia Pacific, which, in turn, is driving the demand for submarine communication cables. The need for faster internet services in the Transpacific region is attributed to the limited submarine communication cable systems in the countries in this region, which has led the World Bank and the Asia Development Bank to fund new cable systems in the region.

Key features of the study:

• This report provides an in-depth analysis of the Submarine Cables Market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the Submarine Cables Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Major players operating in the global submarine cables market are Alcatel Submarine Networks, SubCom, LLC, ABB, Huawei Marine Networks Co., Ltd., NEC Corporation, NEXANS NORWAY AS, FUJITSU, Prysmian Group, Saudi Ericsson, HENGTONG GROUP CO., LTD., ZTT, Corning Incorporated, NKT A/S, Hellenic Cables Group. The Okonite Company, Apar Industries Ltd., JDR Cable Systems Ltd., AFL, Hexatronic Cables & Interconnect Systems, and LEONI Special Cables GmbH.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The Submarine Cables Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Submarine Cables Market.

Detailed Segmentation

• Global Submarine Cables Market, By Type:
  • Installation
  • Maintenance and Upgrade
• Global Submarine Cables Market, By Application:
  • Submarine Power Cables
  • Submarine Communication Cables
• Global Submarine Cables Market, By Region:
  • North America
  •  Europe
  •  Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Alcatel Submarine Networks *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • SubCom, LLC
  • ABB
  • Huawei Marine Networks Co., Ltd
  • NEC Corporation
  • NEXANS NORWAY AS
  • FUJITSU
  • Prysmian Group
  • Saudi Ericsson
  • HENGTONG GROUP CO., LTD.
  • ZTT
  • Corning Incorporated,
  • NKT A/S
  • Hellenic Cables Group
  • The Okonite Company
  • Apar Industries Ltd.
  • JDR Cable Systems Ltd.
  • AFL
  • Hexatronic Cables & Interconnect Systems
  • LEONI Special Cables GmbH.

 “*” marked represents similar segmentation in other categories in the respective section.