Global Submarine Cable Systems Market 2023-2030-By Offering (Submarine Communication Cable and Submarine Power Cable); Submarine Communication System, By Components (Wet Plant (Cables, Optical Repeater, Branching Unit) and Dry Plant (Land Cable, Power Feeding Equipment, Submarine Line Terminal Equipment)); Submarine Power Cable, By Voltage (Low Voltage, Medium Voltage, and High Voltage Cables); Submarine Power Cable, By Technology (HVAC (High Voltage Alternating Current) Submarine Cable and HVDC (High Voltage Direct Current) Submarine Cable); By Services (Installation and Commissioning, Maintenance, and Upgrades); Submarine Power System, By Application (Power Supply to Islands, Connection of Autonomous Grids, Offshore Wind Farms, Oil and Gas Platforms, and Marine and Aquaculture Facilities); Submarine Communication Cable By Geography (Trans-Atlantic, Trans-Pacific, Americas, Intra-Asia, and EMEA-to-Asia); Submarine Power System, By Geography (APAC, Americas, Europe, and EMEA).
Global Submarine Cable Systems Market 2023-2030
DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the global installation of submarine cables reached XX thousand kilometers in 2023. In terms of revenue, the Global Submarine Cable Systems Market was valued at $XX million in 2023 and is projected to reach a value of $XX million by 2030, growing at a compound annual growth rate (CAGR) of around XX% from 2023 to 2030.
The demand for high-speed internet and increased bandwidth has been a significant driver for the growth of submarine cable systems. Internet service providers, content providers, and telecommunications companies continue to invest in new cables to meet the growing demand for data transfer.
Submarine cables play a crucial role in enhancing global connectivity. New cable systems are often deployed to establish or improve communication links between regions and continents, enabling faster and more reliable data transmission. More cables are being built to connect countries within specific regions, such as Asia-Pacific and Southeast Asia. Also, with the melting of Arctic ice, there has been growing interest in using Arctic routes for laying submarine cables. These routes can offer shorter distances between regions, potentially reducing latency and costs.
Improvements and expansions in landing stations, where submarine cables make landfall, contribute to the growth of submarine cable systems. Upgraded facilities can accommodate more cables, enhance maintenance capabilities, and provide better connectivity to terrestrial networks. The growth of data centers near landing stations is a significant factor. As data centers expand, the demand for high-capacity submarine cables to connect these facilities increases, driving new installations and upgrades.
Furthermore, the innovations in cable maintenance technologies, including remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), streamline the inspection and repair processes, reducing downtime and enhancing the reliability of submarine cable networks.
Global Submarine Cable Systems Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
|---|---|---|
| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Thousand kilometer | |
| Revenue | USD million | |
| Submarine cable systems, by offering (Thousand kilometer & USD million) |
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| Submarine communication systems, by components (Thousand kilometer & USD million) |
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| Submarine power cable, by voltage (Thousand kilometer & USD million) |
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| Submarine power cables, by technology (Thousand kilometer & USD million) |
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| Submarine cable systems, by services (Thousand kilometer & USD million) |
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| Submarine power cables, by application (Thousand kilometer & USD million) |
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| Submarine communication system, by geography (USD million) |
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| Submarine power cables, by geography (USD million) |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Development in 5G network infrastructure for interconnecting data centers and supporting the backhaul of 5G networks
- Growing investment in subsea data center facilities
- Key market trends
- Increasing focus on public-private partnerships in financing and developing submarine cable projects
- The growing adoption of cloud computing services
- Key market challenges
- Obtaining permits from multiple countries can be a lengthy and complex process
- Geopolitical rivalries can create challenges for cable deployment and maintenance
Key questions to be answered
1. What is the current market size of the Global Submarine Cable Systems market, and what is its growth potential over the next five years?
2. What was the length of submarine cables installation in 2023, and the forecasted installation based by 2030?
3. What is the Compound Annual Growth Rate (CAGR) of the Global Submarine Cable Systems market?
4. Which are the key segments covered in the Global Submarine Cable Systems market, and which segments are experiencing the fastest growth?
5. Which geographical region offers the highest growth opportunities in the Global Submarine Cable Systems market?
6. How is the competitive landscape evolving, and who are the key players in the Global Submarine Cable Systems market?
7. Who are the top five players in the Global Submarine Cable Systems market, and what is their respective market share?
TABLE OF CONTENTS
- 1. Project scope
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2. Executive summary
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3. Research methodology
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4. Market dynamics
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 4.6 Market developments
- 4.6.1 Macroeconomic factors
- 4.6.1.1 Currency fluctuations
- 4.6.1.2 Supply chain disruptions
- 4.6.1.3 Government regulations
- 4.6.1.4 Others
- 4.6.2 Microeconomic factors
- 4.6.2.1 Price fluctuations
- 4.6.2.2 Technological advancements
- 4.6.1 Macroeconomic factors
- 5. Submarine Cable Systems market size and forecast, by offering
- 5.1 Unit shipment 2023-2030 (Thousand kilometer)
- 5.1.1 Submarine Communication systems
- 5.1.2 Submarine power cables
- 5.2 Revenue 2023-2030 (USD million)
- 5.2.1 Submarine Communication systems
- 5.2.2 Submarine power cables
- 5.1 Unit shipment 2023-2030 (Thousand kilometer)
- 6. Submarine communication system, by components market size and forecast
- 6.1 Wet plant shipment and revenue 2023-2030 (Thousand kilometer and USD million)
- 6.1.1 Branching unit
- 6.1.2 Optical repeater
- 6.1.3 Submarine cable
- 6.2 Dry plant shipment and revenue 2023-2030 (Thousand kilometer and USD million)
- 6.2.1 Land cable
- 6.2.2 Power feeding equipment
- 6.2.3 Submarine Line terminal equipment
- 6.1 Wet plant shipment and revenue 2023-2030 (Thousand kilometer and USD million)
- 7. Submarine power cable, by voltage
- 7.1 Unit shipment 2023-2030 (Thousand kilometer)
- 7.1.1 Low voltage cables
- 7.1.2 Medium voltage cables
- 7.1.3 High voltage cables
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 Low voltage cables
- 7.2.2 Medium voltage cables
- 7.2.3 High voltage cables
- 7.1 Unit shipment 2023-2030 (Thousand kilometer)
- 8. Submarine power cable, by technology
- 8.1 Unit shipment 2023-2030 (Thousand kilometer)
- 8.1.1 High voltage alternating current (HVAC) submarine cable
- 8.1.2 High voltage direct current (HVDC) submarine cable
- 8.2 Revenue 2023-2030 (USD million)
- 8.2.1 High voltage alternating current (HVAC) submarine cable
- 8.2.2 High voltage direct current (HVDC) submarine cable
- 8.1 Unit shipment 2023-2030 (Thousand kilometer)
- 9. Submarine cable system, by services
- 9.1 Unit shipment 2023-2030 (Thousand kilometer)
- 9.1.1 Installation and commissioning
- 9.1.2 Maintenance
- 9.1.3 Upgrades
- 9.2 Revenue 2023-2030 (USD million)
- 9.2.1 Installation and commissioning
- 9.2.2 Maintenance
- 9.2.3 Upgrades
- 9.1 Unit shipment 2023-2030 (Thousand kilometer)
- 10. Submarine power cables, by application
- 10.1 Unit shipment 2023-2030 (Thousand kilometer)
- 10.1.1 Power supply to islands
- 10.1.2 Connection of autonomous grids
- 10.1.3 Offshore wind Farms
- 10.1.4 Oil and gas platforms
- 10.1.5 Marine and aquaculture facilities
- 10.2 Revenue 2023-2030 (USD million)
- 10.2.1 Power supply to islands
- 10.2.2 Connection of autonomous grids
- 10.2.3 Offshore wind Farms
- 10.2.4 Oil and gas platforms
- 10.2.5 Marine and aquaculture facilities
- 10.1 Unit shipment 2023-2030 (Thousand kilometer)
- 11. Submarine cable systems, by geography
- 11.1 Submarine communication systems revenue 2023-2030 (USD million)
- 11.1.1 Trans-Atlantic
- 11.1.2 Trans-Pacific
- 11.1.3 Americas
- 11.1.4 Intra-Asia
- 11.1.5 EMEA-to-Asia
- 11.2 Submarine power cables revenue 2023-2030 (USD million)
- 11.2.1 Trans-Atlantic
- 11.2.2 APAC
- 11.2.3 Americas
- 11.2.4 Europe
- 11.2.5 MEA
- 11.1 Submarine communication systems revenue 2023-2030 (USD million)
- 12. Competitive scenario
- 12.1 Market concentration
- 12.2 Top five companies market share 2023
- 12.3 Key strategies
- 12.4 Key investments
- 13. Company profiles
- 13.1 AFL
- 13.1.1 Business overview
- 13.1.2 Product portfolio
- 13.1.3 Key developments
- 13.2 Alcatel Submarine Networks
- 13.2.1 Business overview
- 13.2.2 Product portfolio
- 13.2.3 Key developments
- 13.3 Ciena
- 13.3.1 Business overview
- 13.3.2 Product portfolio
- 13.3.3 Key developments
- 13.4 Corning
- 13.4.1 Business overview
- 13.4.2 Product portfolio
- 13.4.3 Key developments
- 13.5 FURUKAWA ELECTRIC
- 13.5.1 Business overview
- 13.5.2 Product portfolio
- 13.5.3 Key developments
- 13.6 Hengtong Group
- 13.6.1 Business overview
- 13.6.2 Product portfolio
- 13.6.3 Key developments
- 13.7 Hexatronic
- 13.7.1 Business overview
- 13.7.2 Product portfolio
- 13.7.3 Key developments
- 13.8 HMN Technologies
- 13.8.1 Business overview
- 13.8.2 Product portfolio
- 13.8.3 Key developments
- 13.9 JDR Cable Systems
- 13.9.1 Business overview
- 13.9.2 Product portfolio
- 13.9.3 Key developments
- 13.10 LS Cable & System
- 13.10.1 Business overview
- 13.10.2 Product portfolio
- 13.10.3 Key developments
- 13.11 Nexans
- 13.11.1 Business overview
- 13.11.2 Product portfolio
- 13.11.3 Key developments
- 13.12 NKT
- 13.12.1 Business overview
- 13.12.2 Product portfolio
- 13.12.3 Key developments
- 13.13 NEC
- 13.13.1 Business overview
- 13.13.2 Product portfolio
- 13.13.3 Key developments
- 13.14 OFS Fitel
- 13.14.1 Business overview
- 13.14.2 Product portfolio
- 13.14.3 Key developments
- 13.15 Prysmian Group
- 13.15.1 Business overview
- 13.15.2 Product portfolio
- 13.15.3 Key developments
- 13.16 Shenghua Cable
- 13.16.1 Business overview
- 13.16.2 Product portfolio
- 13.16.3 Key developments
- 13.17 SubCom
- 13.17.1 Business overview
- 13.17.2 Product portfolio
- 13.17.3 Key developments
- 13.18 Sumitomo Electric Industries
- 13.18.1 Business overview
- 13.18.2 Product portfolio
- 13.18.3 Key developments
- 13.19 Xtera
- 13.19.1 Business overview
- 13.19.2 Product portfolio
- 13.19.3 Key developments
- 13.20 ZMS Cable
- 13.20.1 Business overview
- 13.20.2 Product portfolio
- 13.20.3 Key developments
- 13.21 ZTT
- 13.21.1 Business overview
- 13.21.2 Product portfolio
- 13.21.3 Key developments
- 13.1 AFL
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