Global Submarine Cable Market Size, Share, Opportunities, And Trends By Offering (Hardware, Services), By Cable Type (Communication cable, Power cable), And By Geography - Forecasts From 2025 To 2030
- Published : May 2025
- Report Code : KSI061614753
- Pages : 145
Submarine Cable Market Size:
The Submarine Cable Market is expected to grow from US$17.142 billion in 2025 to US$22.474 billion in 2030, at a CAGR of 5.57%.
Submarine Cable Market Trends:
A submarine cable is a cable laid on the seabed 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's growth. They are valued not only by the businesses that are building and operating them for profit but also by national governments 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.
Submarine Cable Market Competitive Intelligence:
The major vendors of the submarine cable market are focusing on increasing the efficiency of cables by investing heavily in research and development activities. They are competing against each other on factors such as price, quality, range of products, environmental impacts on products, and meeting 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.
Submarine Cable Market 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
- North America
Frequently Asked Questions (FAQs)
The submarine cable market is expected to reach a total market size of US$22.474 billion by 2030.
Submarine Cable Market is valued at US$17.142 billion in 2025.
The global submarine cable market is expected to grow at a CAGR of 5.57% during the forecast period.
Rising global internet demand, cloud service expansion, data traffic growth, and investments in offshore wind projects drive submarine cable market growth.
Asia-Pacific holds the largest share of the submarine cable market.
Global Marine
Fujitsu
Huawei Marine
NEC Corporation
Nexans
Norddeutsche Seekabelwerke GmbH
S. B. Submarine Systems Co., Ltd
Hengtong Marine Cable Systems
Prysmian S.p.A
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