Global Submarine Cable Market - Forecasts From 2019 To 2024

Description

The Global Submarine Cable Market was valued at US$XX billion in 2017 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. 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 world’s data. With cables becoming increasingly necessary to interlink countries, the growth of submarine market is expected to show a 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 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 inhibit the market growth.

By Type of Product

By type of product, the global market has been segmented as hardware product and software product. Software product includes the solution related to the upgradation of the marine system.

By Type of Cable

By type of cable, the global market has been segmented as communication cable and power cable.

By Geography

Geographically, the Global Submarine cable market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America.

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 prducts and meeting the customer requirements.

The global key players are Global Marine, Alcatel-Lucent Submarine networks, Fujitsu, Huawei Marine, NEC, Nexans, Norddeutsche Seekabelwerke GmbH, S. B. Submarine Systems Co., Ltd., Hengtong Marine Cable Systems, and Prysmian Group.

Segmentation

The Global Submarine Cable market has been analyzed through following segments:

By Type of Product

Hardware

Software

By Type of Cable

Communication cable

Power cable

By Geography

North America

United States

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

Italy

United Kingdom

Others

Middle East and Africa

Israel

Saudi Arabia

UAE

Others

Asia Pacific

Japan

China

India

Australia

South Korea

Others

Key insights offered

What will be the Global Submarine Cable market size from 2018 to 2023?

How are the major drivers and restraints affecting the Global Submarine Cable market growth and the opportunities which exist for key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants’ behavior

Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.