Global Submarine Cable Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Offering (Hardware, Services), By Cable Type (Communication Cable, Power Cable), And By 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.

Global Submarine Cable Market Scope:

Report Metric Details
 Market size value in 2018  US$2.831 billion
 Market size value in 2024  US$3.341 billion
 Growth Rate  CAGR of 2.80% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Offering, Cable Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Global Marine, Alcatel Submarine Networks, Fujitsu, Huawei Marine, NEC Corporation, Nexans, Norddeutsche Seekabelwerke GmbH, S. B. Submarine Systems Co., Ltd, Hengtong Marine Cable Systems, Prysmian S.p.A
 Customization scope  Free report customization with purchase

 

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.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY 
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. GLOBAL SUBMARINE CABLE MARKET BY OFFERING
5.1. Hardware
5.2. Services
 
6. GLOBAL SUBMARINE CABLE MARKET BY CABLE TYPE
6.1. Communication cable
6.2. Power cable
 
7. GLOBAL SUBMARINE CABLE MARKET BY GEOGRAPHY
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. Italy
7.3.4. United Kingdom
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. UAE
7.4.4. Others
7.5. Asia Pacific
7.5.1. Japan
7.5.2. China
7.5.3. India
7.5.4. Australia
7.5.5. South Korea
7.5.6. Others
 
8. COMPETITIVE INTELLIGENCE
8.1. Market Positioning Matrix and Ranking
8.2. Strategies of Key Players
8.3. Recent Investments and Deals
 
9. COMPANY PROFILES
9.1. Global Marine
9.2. Alcatel Submarine Networks
9.3. Fujitsu
9.4. Huawei Marine
9.5. NEC Corporation
9.6. Nexans
9.7. Norddeutsche Seekabelwerke GmbH
9.8. S. B. Submarine Systems Co., Ltd
9.9. Hengtong Marine Cable Systems
9.10. Prysmian S.p.A
 

Global Marine

Alcatel Submarine Networks

Fujitsu

Huawei Marine

NEC Corporation

Nexans

Norddeutsche Seekabelwerke GmbH

S. B. Submarine Systems Co., Ltd

Hengtong Marine Cable Systems

Prysmian S.p.A

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us