Global Submarine Cable Systems Market Report Size, Trends & Growth Opportunity, By Offering, By Type, End Users ,By Application, By Region and forecast till 2027
Report ID : QR1001378 | Industries : Others | Published On :January 2022 | Page Count : 238Global Submarine Cable Systems Market
The Submarine Cable Systems market was projected to grow from USD 13.8 billion in 2020 to USD 22.7 billion by 2027; it is expected to grow at a CAGR of 10.5%from 2020 to 2027.
Any type of cables that are laid along the bottom of a water body can called as a Submarine cable and these Submarine cables use optic fiber technology to carry digital data for telephone, internet, and private data. These cables rely on stations based on land to carry telecommunications and power signals and join continents all over the world.
Market Drivers
The increasing telecom subscriptions and internet connections across the world have been boosting the growth of the submarine cable system market over the forecast period.
Another driving factors for the Growth of the submarine cable systems market are economic factors, regulatory framework, and the need for service providers to enhance the consumer experience by dropping latency, joined with the fact that more businesses are storing data locally.
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Market Restraints
The high initial investment for commissioning a submarine cable and the associated maintenance costs are the main restraining factors for the growth of the market.
Another restraining factor for the Growth of the submarine cable systems market are environmental, regulatory, and intricate authorization procedures leading to delays as well as the complicated repairing procedure for deep-water power cable links.
Market Segmentation
Submarine Cable Systems Market sis segmented into major 4 categories. Based on Type, the market is segmented into Single Core and Multicore. Based on Offering, the market is segmented into Installation & Commissioning, Maintenance and Upgrades. Based on End Users, the market is segmented into Offshore Wind, Inter-Country & Island Connections, Offshore Oil & Gas. Based on Application, the market is segmented into Communication cables and Power cables. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific anticipated to register a significant growth in the submarine cable system market because of the growing internet traffic in due to the rising internet users as well as the speedily rising growth of upgrades offering segment in the region.
Market Key Players
Some of the key players operating in Global Submarine Cable Systems Market are Apar Industries, JDR Cable Systems Ltd., Saudi Ericsson, Cable & Wireless Communications PLC, Ciena Corporation, NEC Corporation, NTT Communications, Fujitsu Ltd, SubCom, Alcatel-Lucent.
Industry development
In October 2021, NEC Corporation announced the development of a four-core fiber-optic submarine cable by its subsidiary OCC Corporation in collaboration with Sumitomo Electric.
In November 2020, Zhongtian Technology Submarine Cable Co., Ltd and Jiangsu Zhongtian Technology Co., Ltd jointly developed a 500 kV XLPE insulated power cable system. This 500 kV power cable is in 3000 mm square with a maximum length of 1350 m.
April 2019 - Cable & Wireless Communications, operator of the Flow brand in the Caribbean, continues to delight customers with the addition of a new channel, CuriosityStream enabling anytime, anywhere access to fascinating shows covering the full spectrum of non-fiction programming.
Global Submarine Cable Systems Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Submarine Cable Systems Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Submarine Cable Systems Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Submarine Cable Systems Market Share Analysis, By Offering
5.3 Submarine Cable Systems Market Size and Forecast, By Offering
5.3.1 Installation & Commissioning
5.3.2 Maintenance
5.3.3 Upgrades
6 Submarine Cable Systems Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Submarine Cable Systems Market Share Analysis, By Type
6.3 Submarine Cable Systems Market Size and Forecast, By Type
6.3.1 Single Core
6.3.2 Multicore
7 Submarine Cable Systems Market, By End Users
7.1 Y-o-Y Growth Comparison, By End Users
7.2 Submarine Cable Systems Market Share Analysis, By End Users
7.3 Submarine Cable Systems Market Size and Forecast, By End Users
7.3.1 Offshore Wind
7.3.2 Inter-Country & Island Connections
7.3.3 Offshore Oil & Gas
8 Submarine Cable Systems Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Submarine Cable Systems Market Share Analysis, By Application
8.3 Submarine Cable Systems Market Size and Forecast, By Application
8.3.1 Communication cables
8.3.2 Power cables
9 Submarine Cable Systems Market, By Region
9.1 Submarine Cable Systems Market Share Analysis, By Region
9.2 Submarine Cable Systems Market Share Analysis, By Region
9.3 Submarine Cable Systems Market Size and Forecast, By Region
10 North America Submarine Cable Systems Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Submarine Cable Systems Market Share Analysis, By Offering
10.3 North America Submarine Cable Systems Market Size and Forecast, By Type
10.4 North America Submarine Cable Systems Market Size and Forecast, By End Users
10.4 North America Submarine Cable Systems Market Size and Forecast, By Application
10.5 North America Submarine Cable Systems Market Size and Forecast, By Country
10.5.1 U.S.
10.5.2 Canada
10.5.3 Mexico
11 Europe Submarine Cable Systems Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Submarine Cable Systems Market Share Analysis, By Offering
11.3 Europe Submarine Cable Systems Market Size and Forecast, By Type
11.4 Europe Submarine Cable Systems Market Size and Forecast, By End Users
11.4 Europe Submarine Cable Systems Market Size and Forecast, By Application
11.5 Europe Submarine Cable Systems Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.54. Rest of Europe
12 Asia Pacific Submarine Cable Systems Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Submarine Cable Systems Market Share Analysis, By Offering
12.3 Asia Pacific Submarine Cable Systems Market Size and Forecast, By Type
12.4 Asia Pacific Submarine Cable Systems Market Size and Forecast, By End Users
12.4 Asia Pacific Submarine Cable Systems Market Size and Forecast, By Application
12.5 Asia Pacific Submarine Cable Systems Market Size and Forecast, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4. Rest of Asia Pacific
13 Latin America Submarine Cable Systems Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Submarine Cable Systems Market Share Analysis, By Offering
13.3 Latin America Submarine Cable Systems Market Size and Forecast, By Type
13.4 Latin America Submarine Cable Systems Market Size and Forecast, By End Users
13.4 Latin America Submarine Cable Systems Market Size and Forecast, By Application
13.5 Latin America Submarine Cable Systems Market Size and Forecast, Country
13.5.1. Brazil
13.5.2. Rest of Latin America
14 Middle East Submarine Cable Systems Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Submarine Cable Systems Market Share Analysis, By Offering
14.3 Middle East Submarine Cable Systems Market Size and Forecast, By Type
14.4 Middle East Submarine Cable Systems Market Size and Forecast, By End Users
14.4 Middle East Submarine Cable Systems Market Size and Forecast, By Application
14.5 Middle East Submarine Cable Systems Market Size and Forecast, By Country
14.5.1. Saudi Arabia
14.5.2. UAE
14.5.3. Egypt
14.5.4. Kuwait
14.5.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Alcatel-Lucent
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 SubCom
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Fujitsu Ltd
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 NTT Communications
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 NEC Corporation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Ciena Corporation
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Cable & Wireless Communications PLC
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Saudi Ericsson
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 JDR Cable Systems Ltd.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Apar Industries
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies