Submarine Cable System Industry Analysis, Size, Share, Trends, Applications, Demand to 2028: NEC Corporation, Jiangsu Hengtong Au Optronics Co, Corning Incorporated

The Submarine Cable Systems Market size was valued at US$25.45 Billion in 2021 and is projected to reach US$38.77 Billion by 2028, growing at a healthy CAGR of 6.2%.

This press release was originally distributed by SBWire

Pune, Maharashtra – (SBWIRE) – 07/19/2022 – Submarine Cable Systems Market Overview:

A communication cable installed on or under the ocean floor is called a submarine cable. It consists of a network of wires that allows the transmission of data from land to water. The invisible enablers of global connectivity are undersea cables and fiber optic cables buried in water, which carry transcontinental communications traffic. Network architecture flexibility and transmission capacity are expected to improve with the adoption of submarine optical cable networks in the coming years.

According to the latest market research report published by SNS Insider, the submarine cable systems market is expected to exceed USD 38.77 billion by 2028, growing at a lucrative CAGR of 6.2% during the forecast period. forecast 2022-2028.

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Drivers, constraints, opportunities and challenges

The market for submarine cable systems is growing due to the growing need for offshore communication systems, the penetration of mobile and internet networks in outlying areas, and the growing demand for electricity. Additionally, it is predicted that increased internet usage and the need for more bandwidth will increase the demand for submarine cable systems. 7G technology will also improve network connectivity. The market is expected to increase due to the high demand for submarine cable networks in island countries for power connectivity. High installation and operating expenses along with the cost and complexity associated with them are considered to be restraints for the growth of the global submarine cable systems market.

Impact of the COVID-19 pandemic

The global COVID-19 issue is having a significant negative impact on countries in many parts of the world, especially in 2020. Submarine cable production has declined due to the implementation of lockdown measures and slower manufacturing sectors in these countries. The closure of production facilities had little direct effect on global connectivity, but it delayed the introduction of new systems. However, with the restart of renewable energy network and communication network projects in 2021 and later, it is expected that the submarine cable system market will start to recover from the effects of COVID-19.

Submarine Cable Systems Market Segmentation 2022

The dry installation items segment led the submarine cable market in terms of component type. Market profitability and recent dry plant developments including SDM cables with more fibers and capacity are responsible for the growth of the segment.

Due to increasing Internet usage and resulting demand for more bandwidth worldwide, installation and commissioning is expected to contribute the most to the market and grow at the highest CAGR during of the projection period.

Since modern civilizations depend on energy for their survival, the power supply application segment is expected to hold the largest share in the global submarine cable system market during the projected period.

Major segments and sub-segments of the Intermediate Bulk Container Market are listed below:

BY TYPE
– Single Heart
– Multicore

BY COMPONENT
– Dry vegetable products
– Products for wet plants

BY VOLTAGE
– Medium voltage
– High tension
– Very high voltage

BY OFFERING
– Installation & Commissioning
– Maintenance
– Upgrades

BY INSULATION
– Cross-linked polyethylene (XLPE)
– Resin impregnated paper (RIP)
– Oil-impregnated paper
– Resin Impregnated Synthetics (RIS)

ON DEMAND
– Power cable
– Communication cable

BY END USER
– Offshore wind
– Offshore oil and gas
– Inter-country and island connections

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Regional analysis

Due to the large number of offshore oil reserves and growing internet demand in the region, the North American market is expected to attain a large market share over the projected period. Due to the growing demand for connectivity creation across the region, the Europe region market is expected to witness a notable increase over the forecast period. The islands constitute several popular tourist destinations in Europe, including the Dalmatian Islands, Paros, Milos, the Canary Islands and others. This is expected to accelerate market expansion in the region. Moreover, the availability of numerous offshore wind farms is expected to accelerate the expansion of the market.

Competitive Landscape Insights

Some of the major companies operating in the submarine cable systems market include Apar Industries, Microsoft, NEC Corporation, JDR Cable Systems Ltd, Alcatel-Lucent Enterprise, ALE International, Corning Incorporated, NEC Corporation, Saudi Ericsson, SubCom, LLC, Nexans, Google LLC and Okonite Company.

Frequently asked questions about this report are:

– What is the size of the submarine cable market?
– What is the growth of the submarine cables market?
– Which segment accounted for the largest submarine cable market share?
– Who are the main players in the submarine cable market?
– What are the factors driving the Submarine Cable market?

Table of Contents – Main Key Points

1. Introduction

2. Research methodology

3. Market dynamics

4. Impact analysis

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Underwater Cable Systems Market Segmentation, By Type

9. Underwater Cable Systems Market Segmentation, By Component

10. Submarine Cable Systems Market Segmentation, By Voltage

11. Submarine Cable Systems Market Segmentation, By Offer

12. Underwater Cable Systems Market Segmentation, By Insulation

13. Undersea Cable Systems Market Segmentation, By Application

14. Submarine Cable Systems Market Segmentation, By End User

15. Regional analysis

16.Company Profiles

17. Competitive Landscape

18. Closing

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