Global Submarine Cable Market, By Component (Dry Plant Products, Wet Plant Products), Type (Unarmored Cable, Armored Cable), Configuration (Submerged Plant, Beach Manhole, Shore Section, Land Sections, Terminal Station, Terminal Station Equipment), Voltage (Medium Voltage, High Voltage, Extra High Voltage), Offering (Installation and Commissioning, Maintenance, Upgrades), Application (Communication Cables, Power Cables), End Users (Offshore Wind Power Generation, Inter-Country and Island Connection, Offshore Oil and Gas), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Submarine Cable Market
Submarine cable market size is valued at USD 41.18 billion by 2028 and is expected to grow at a compound annual growth rate of 7.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on submarine cable provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Submarine cable is a type of a cable which is laid on the sea bed between land-based stations to carry telecommunication signals across stretches of sea and ocean.
The rising telecom subscriptions and high investments in offshore wind farms have been directly influencing the growth of submarine cable market over the forecast period of 2021 to 2028. Also the growing investments of content and cloud service providers are also flourishing the growth of the submarine cable market. Also the increasing internet traffic in emerging regions is also positively impacting the growth of the market. Furthermore, the growing demand for bandwidth is also acting as an active growth driver towards the growth of the submarine cable market. Moreover, the increasing number of offshore wind farms, rising demand for inter-country and island power connections and is creating a huge demand for submarine cable as well as lifting the growth of the submarine cable market.
However, regulatory, environmental and intricate authorization procedures leading to delays as well as the complex repairing procedure for deepwater power cable links are acting as the major restrictions for the growth of submarine cable in the above mentioned forecasted period, whereas the growing buzz around space-based internet communications constellations can challenge the submarine cable market growth in the forecast period of 2021 to 2028.
Likewise, the high investment in deployment of high-capacity communications systems by OTT players along with increasing demand for HVDC submarine power cables will further cater ample new opportunities that will lead to the growth of the submarine cable market in the above mentioned forecasted period.
This submarine cable market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on submarine cable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Submarine Cable Market Scope and Market Size
Submarine cable market is segmented on the basis of component, cable type, configuration, voltage, offering, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the submarine cable market is segmented into dry plant products and wet plant products. Dry plant products have further been segmented into submarine line terminal equipment (SLTE), submarine line monitors (SLM) and power feeding equipment (PFE). Wet plant products have further been segmented into repeaters, branching units (BU), cables and others.
- On the basis of cable type, the submarine cable market is segmented into unarmored cable and armored cable.
- Submarine cable market is segmented on the basis of configuration into submerged plant, beach manhole, shore section, land sections, terminal station and terminal station equipment.
- Based on voltage, the submarine cable market is segmented into medium voltage, high voltage and extra high voltage.
- On the basis offering, the submarine cable market is segmented into installation and commissioning, maintenance and upgrades.
- The application segment of the submarine cable market is segmented into communication cables and power cables.
- On the basis of end user, the submarine cable market is segmented into offshore wind power generation, inter-country and island connection and offshore oil and gas.
Submarine Cable Market Country Level Analysis
Submarine cable market is analyzed and market size, volume information is provided by country, component, cable type, configuration, voltage, offering, application and end user as referenced above.
The countries covered in the submarine cable market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
Asia-Pacific leads the submarine cable market due to the high adoption and deployment of wind farms as well as the rapidly rising growth of upgrades offering segment in the region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the growing investments in wind farms and inter-country and island connections as well as the increasing the demand for submarine cables within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Submarine Cable Market Share Analysis
Submarine cable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to submarine cable market.
The major players covered in the submarine cable market report are TE Connectivity, NEC Corporation, Huawei Marine Networks Co. Ltd., Saudi Ericsson, Prysmian Group, Nexans, ZTT, SubCom, Nokia, HENGTONG GROUP CO. LTD., NKT A/S, Sumitomo Electric Industries Ltd., Corning Incorporated, TFKable, FUJITSU, Hellenic Cables S.A., The Okonite Company, Apar Industries Ltd., AFL, and Hexatronic among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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