Strong Growth in Submarine Fiber Cable Market

  • Rising demand for higher bandwidth across the globe is a major factor driving growth of the global submarine fiber cable market.
  • Growing number of Internet-driven businesses in countries across the globe is among one of the major factors driving demand for submarine fiber cables.
  • The market in North America accounted for highest revenue share in the global submarine fiber cable market.

Submarine fiber cable or Subsea cable is designed to permit the interconnection of two or more terminal stations, and to transfer the communication signal from one place to another. 

The global submarine fiber cable market was valued at around $3.4 billion in 2018, and is expected to register a CAGR of 6.2%. The first five-year cumulative revenue (2019–2023) is projected to be around $20.2 billion, which is expected to increase rather moderately over the latter part of the five-year forecast period.

Global Submarine Fiber Cable Market: Market Dynamics

Rising demand for higher bandwidth across the globe is a major factor driving growth of the global submarine fiber cable market currently.

In addition, increasing penetration of mobile Internet and smartphones in emerging economies and Increasing demand for high speed Internet bandwidth in most developed countries is leading to transformation of submarine fiber cable requirements. Also, growing number of Internet-driven businesses in countries across the globe is among some of the major factors driving demand for better Internet connectivity and bandwidth, which is resulting in rising demand for submarine fiber cables and network infrastructure are among other major factors expected to boost growth of the target market in the near future

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Global Submarine Fiber Cable Market: Segmental Snapshot

The market report has been segmented on the basis of type, application and region/country: The type segment includes shallow-sea cable and deep-sea cable. The application segment includes new projects and upgrade projects. The regions/countries include North America, Europe, UK, China, Japan, MEA, India, South America, and Rest of World.

By type: The deep-sea cable segment accounted for highest revenue share contribution in 2018, as compared to other type segment is expected to register highest CAGR of over 6.1% between 2019 and 2028

By application: The new projects segment accounted for highest revenue share contribution in 2018, as compared to other application segment, and is expected to register highest CAGR of over 6.4% between 2019 and 2028

By Region:  The market in North America accounted for highest revenue share in the global submarine fiber cable market in 2018, and in expected to register a CAGR of over 5.6% between 2019 and 2028

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Global Submarine Fiber Cable Market: Competitive Analysis

The research report on the global submarine fiber cable market includes profiles of some of the major companies such as Nokia Corporation, NEC Corporation, Prysmian Group, Huawei Investment & Holding Co., Ltd. (Huawei Marine Networks Co., Ltd.), KDDI CORPORATION, Fujitsu Ltd., KEI Industries Limited, Nexans S.A., SubCom, LLC, LS Cable & System Ltd., Turkuaz Cable, Inc., Hydro Group Plc., and Xtera Communications, Inc.  

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Krutika Bhoot

I have been into market research industry for last 2 years. I have a keen interest and deep knowledge of research industry. My goals in life are simple - to stay happy, healthy and to keep writing as long as I possibly can.
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