Category

Global Submarine Cable Market Size, Share, Opportunities And Trends By Offering (Hardware, Services), By Cable Type (Communication Cable, Power Cable), And Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061612667 | Pages:  95

The global submarine cable market was valued at US$2.831 billion in 2018 and is projected to expand at a CAGR of 2.80% over the forecast period to reach US$3.341 billion by 2024. A submarine cable is a cable laid on the sea bed between land-based stations to carry telecommunication signals across stretches of ocean and sea. They are responsible for carrying the majority of the world’s data. With cables becoming increasingly necessary to interlink countries, the growth of the submarine market is expected to show significant growth in the upcoming years. These have become an absolute necessity of the modern world because they have great bandwidth and power and low cost per bit transmission in comparison with other alternatives of transmission. This is the main driving factor that is helping in this market growth. They are valued not only by the businesses that are building and operating them for profit but also by national government across the globe. Increasing reliability on the submarine cable will further drive the growth of the market. However, shipping activities and natural disasters such as underwater volcanic activity might disturb the cable setup which is a restraining factor for this market. High maintenance cost is another factor that can hinder the market growth.

Competitive Intelligence

The major vendors of submarine cable market are focusing on increasing the efficiency of cables by investing heavily in the research and development activities. They are competing against each other on factors such as price, quality, range of product, environmental impacts on products and meeting the customer requirements.

The global key players are Global Marine, Alcatel Submarine Networks, Fujitsu, Huawei Marine, NEC Corporation, Nexans, Norddeutsche Seekabelwerke GmbH, S. B. Submarine Systems Co., Ltd., Hengtong Marine Cable Systems, and Prysmian S.p.A.

Segmentation

The global submarine cable market has been analyzed through the following segments:

  • By Offering
    • Hardware
    • Services
  • By Cable Type
    • Communication cable
    • Power cable
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the submarine cable market size by 2024?
A1. The global submarine cable market is projected to reach a total market size of US$3.341 billion in 2024.
 
Q2. What are the growth prospects for submarine cable market?
A2. The submarine cable market is projected to expand at a CAGR of 2.80% over the forecast period.
 
Q3. What is the size of global submarine cable market?
A3. Submarine Cable market was valued at US$2.831 billion in 2018.
 
Q4. What factors are anticipated to drive the submarine cable market growth?
A4. These have become an absolute necessity of the modern world because they have great bandwidth and power and low cost per bit transmission in comparison with other alternatives of transmission which is the main driving factor that is helping in submarine cable market growth. 
 
Q5. Who are the major players in the submarine cable market?
A5. The global key players in the submarine cable market are Global Marine, Alcatel Submarine Networks, Fujitsu, Huawei Marine, NEC Corporation, Nexans, Norddeutsche Seekabelwerke GmbH, S. B. Submarine Systems Co., Ltd., Hengtong Marine Cable Systems, and Prysmian S.p.A.

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