Global Submarine Cable System Market size was valued at US$ 10.83 Mn in 2017 and is expected to reach US$ 27.94 Mn by 2026 to exhibit a CAGR of 12.58 % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, Component-validated Market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global Submarine Cable System market dynamics, structure by identifying and analyzing the market segments and project the global Market size. Further, the report also focuses on the competitive analysis of key players by Technology, price, financial position, technology portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global submarine cable system market.
A submarine communications cable is a laid on the sea bed between land-based stations to transmit telecommunication signals across stretches of ocean and sea. Subsequent generations of cables accepted telephone traffic, then data communications traffic. Modern cables use optical fiber technology to transfer digital data, which contains telephone, Internet and private data traffic.
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The factors behind the progress of the submarine cable system market are the increasing internet traffic in APAC, an increasing number of telecom subscriptions, growing internet connections all over the world, rolling demand for inter-country and island power connections, and an increasing number of offshore wind farms.
Higher implementation, maintenance cost, and repair costs associated with submarine cable system is hindering the growth of submarine cable system market in recent times. Redundant links and natural and human-triggered activities pose the main challenges for the players in the market.
Higher focus laid on the development of communications infrastructure under-water is anticipated to provide huge opportunities for the submarine cable system market players during the forecast period.
Wet plant products are expected to hold the largest market share during the forecast period because all cables, repeaters, and branching units are required to be laid on the ocean bed unlike dry plant products, such as SLTE, which could be advanced according to the bandwidth necessity. Wet plant products are expected to account for a larger share of the submarine communication cable market, by component.
Upgrades offering segment is anticipated to witness the fastest growth during the forecast period because of Increasing internet traffic in APAC owing to the rushing internet users is driving the requirement for more bandwidth across the region. APAC is likely to witness rising upgrades for the installed submarine communication systems during the forecast period. Further, a growing number of internet users across the Middle East and Africa will increase the demand for submarine communication cables in the coming year.
The power cable is expected to hold the largest market share during the forecast period owing to rising demand for inter-country connections, coupled with the increasing requirement to generate electricity from offshore oil and gas plants is projected to drive the submarine power cable market. Europe is projected to lead the global submarine power cable market in the forecast period. The countries such as the UK and Germany are the main markets in Europe for submarine power cables.
Communication cables are used in Telecom carriers, mobile operators, multinational corporations, governments, content providers, and research institutions, across the world. The increasing number deployment of high-capacity communication systems deployed by private network operators has led to the rising demand for these communication cables
Asia Pacific is expected to hold the largest market share during the forecast period owing to increasing internet traffic in APAC due to the rising internet users. Also rising growth of upgrades offering segment in the Asia Pacific. the submarines power cable market is also anticipated to grow at a good speed in countries such as India, Taiwan, and South Korea because of new capacity additions in the offshore wind production industry that are planned during the forecast period.
The trans-Atlantic region is expected to hold the largest share of the market in forecast period owing to increasing investments in submarine cable infrastructure. Also, cable systems on this route are old, later, new cable systems are likely to be installed in the near future. The current submarine fiber system, which will be marketed under the brand name America Europe Connect-2, is expected to witness an exploding demand from the data center and cloud service suppliers, due to the availability of immense bandwidth of nearly 80 Tbps.
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Scope of Global Submarine Cable System Market
Global Submarine Cable System Market, by Offering
• Installation and Commissioning
Global Submarine Cable System Market, by Component
• Dry Plant Products
• Wet Plant Products
Global Submarine Cable System Market, by Application
• Communication Cables
• Power Cables
Global Submarine Cable System Market, by Region
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Submarine Cable System Market
• TE Connectivity
• Huawei Marine
• Saudi Ericsson
MAJOR TOC OF THE REPORT
Chapter One: Submarine Cable System Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Submarine Cable System Market Competition, by Players
Chapter Four: Global Submarine Cable System Market Size by Regions
Chapter Five: North America Submarine Cable System Revenue by Countries
Chapter Six: Europe Submarine Cable System Revenue by Countries
Chapter Seven: Asia-Pacific Submarine Cable System Revenue by Countries
Chapter Eight: South America Submarine Cable System Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Submarine Cable System by Countries
Chapter Ten: Global Submarine Cable System Market Segment by Type
Chapter Eleven: Global Submarine Cable System Market Segment by Application
Chapter Twelve: Global Submarine Cable System Market Size Forecast (2019-2026)
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