Submarine cables are commonly utilized for electricity and communication purposes. Submarine power cables are used for power transmission to oil rigs, transmission of power generated by offshore wind farms to power plants, and inter-country and island connections. Inter-region/country communications are carried out using submarine communication cables. Around 97% of global internet traffic is fully dependent on underwater cables, and as internet usage grows, so does the demand for submarine cables.
Access Full Report @ https://www.databridgemarketresearch.com/de/reports/global-submarine-cable-system-market
Data Bridge Market Research analyses that the Submarine Cable System Market is expected to reach USD 28,836.51 million by 2029, which is USD 16,411.37 million in 2021, registering a CAGR of 7.30% during the forecast period of 2022 to 2029. The global offshore oil and gas industry is investing heavily in exploration and production activities. Submarine cables are essential for transmitting data from offshore oil and gas platforms to shore. The demand for submarine cable systems is growing rapidly in emerging markets such as Asia-Pacific, Latin America, and Africa. These regions are experiencing rapid economic growth and urbanization, which is driving the demand for high-speed internet and other data-intensive applications.
Growing demand for high speed internet is expected to drive the market's growth rate
The increasing demand for high-speed internet is one of the key drivers for the growth of the submarine cable system market. Submarine cables are the most efficient way to transmit data over long distances, and they are essential for providing high-speed internet to remote areas. Cloud computing and content delivery networks (CDNs) are two of the fastest-growing trends in the IT industry. These technologies require high-speed data transmission, which can be best achieved through submarine cables.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014- 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Wet Plant Products and Dry Plant Products), Voltage (Medium Voltage and High Voltage, Extra High Voltage), Offering (Installation And Commissioning, Repair And Maintenance And Upgrades), Fiber Class (Unrepeatered and Repeatered), Cables Type (Loose Tube Cables, Ribbon Cables and Others), Armor Type (Light Weight Armor, Single Armor, Double Armor and Rock Armor), Depth (0 to 500M, 500M to 1000M, 1000M to 5000M and Others), Application (Power Cables and Communication Cables)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Sumitomo Electric Industries, Ltd. (Japan), HENGTONG GROUP CO., LTD (China), TE Connectivity (Switzerland), Saudi Ericsson (Riyadh), NEC Corporation (Japan), NXT A/S (Netherlands), Norddeutsche Seekabelwerke GmbH (Germany), JDR Cable Systems Ltd (U.K.), Hexatronic Group (Sweden), Alcatel Submarine Networks (France), Corning Incorporated (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
The global submarine cable system market is segmented into ten notable segments based on product, voltage, offering, fiber class, cable type, armor type, depth, and application.
- On the basis of product, the global submarine cable system market is segmented into wet plant products and dry plant products. Dry plant products segment is expected to dominate the market with a 62.81% share as it offers maximum work efficiency by avoiding the installation of cables in critical areas.
- On the basis of voltage, the global submarine cable system market is segmented into medium voltage, high voltage, and extra high voltage. High voltage segment is expected to dominate the market with a 46.86% share as it is considered one of the most commonly used power figures compatible with today's electronic configuration.
- On the basis of offering, the global submarine cable system market is segmented into maintenance, upgrades, and installation and commissioning. Installation and commissioning segment is expected to dominate the market with a 45.23% share owing to demand for the new route installation of the cable system.
- On the basis of fiber class, the global submarine cable system market is segmented into unrepeatered, and repeatered. Unrepeatered segment is expected to dominate the market with a 61.47% share as it can sustain high voltage and is highly insulated.
- On the basis of cables type, the global submarine cable system market is segmented into loose tube cables, ribbon cables, and others. Loose tube cables segment is expected to dominate the market with a 53.01% share as it protects the fiber core, cladding, and coating, particularly useful in environments with high humidity.
- On the basis of armor type, the global submarine cable system market is segmented into light weight armor, single armor, double armor, and rock armor. Single armor segment is expected to dominate the market with a 48.79% share as it provides higher mechanical protection and durability.
- On the basis of depth, the global submarine cable system market is segmented into 0 to 500m, 500m to 1000m, 1000m to 5000m, and others. 1000m-5000m segment is expected to dominate the market with a 46.58% share as the standard depth of connectivity is preferred because of its cost-effectiveness.
The 1000m-5000m segment will dominate the depth segment of the submarine cable system market
The 1000m-5000m segment will emerge as the dominating segment under depth. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.
- On the basis of application, the global submarine cable system market is segmented into power cables and communication cables. Communication cables segment is expected to dominate the market with a 61.08% share as it is often preferred because the need for connectivity is increasing.
The communication cables segment will dominate the application segment of the submarine cable system market
The communication cables segment will emerge as the dominating segment application segment. This is because of the growing number of manufacturing industries in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: Sumitomo Electric Industries, Ltd. (Japan), HENGTONG GROUP CO., LTD (China), TE Connectivity (Switzerland), Saudi Ericsson (Riyadh), NEC Corporation (Japan), NXT A/S (Netherlands), Norddeutsche Seekabelwerke GmbH (Germany), JDR Cable Systems Ltd (U.K.), Hexatronic Group (Sweden), Alcatel Submarine Networks (France), Corning Incorporated (U.S.).
Market Development
- In 2022, after arriving in Cape Town last month, Google launched its USD 1 billion Equiano cable connecting Western Europe to South Africa in September. The underwater Internet cable, which spans 15,000 km from Portugal to South Africa and has 12 fibre pairs with a design capacity of 150 Tbps, is Africa's greatest capacity cable. The cable, which has nine branching points, was first disclosed two years ago by Submarine Networks. It's one of Google's longest submarine internet connections.
- In 2021, LEONI announced its partnership in the ADOPD project, which is building ultrafast fiber-optical processing units based on Adaptive Optical Dendrites, in November. This project will assist the company in better understanding the many processes and interactions, resulting in the creation of improved product technologies in a variety of segments, particularly cable systems.
- In 2020, Facebook acquired a $5.7 billion stake in Reliance Jio, a major Indian telecommunications company. This deal gave Facebook access to Jio's vast network of users, which helped to increase the demand for submarine cables in the region. Submarine cables are used to carry internet traffic between continents, and they are essential for connecting large and growing markets like India to the global internet. The rise in demand for submarine cables in the region is expected to continue in the years to come, as more and more people in India and other developing countries gain access to the internet.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the submarine cable system market during the forecast period 2022-2029
Asia Pacific is dominating the global submarine cable system market, accounting for the largest market share of 38.3% in 2021. The region is expected to maintain its dominance during the forecast period, owing to the increased demand from offshore wind farm investments.
North America is estimated to be the fastest growing region in the submarine cable system market in the forecast period 2022-2029
North America is expected to be the second-largest market for submarine cable systems, accounting for a market share of 25.7% in 2021. The region is expected to witness significant growth during the forecast period, due to the increasing demand for high-speed internet and data transmission.
For more detailed information about the submarine cable system market report, click here – https://www.databridgemarketresearch.com/de/reports/global-submarine-cable-system-market
