Advertisement
UK markets open in 4 hours 46 minutes
  • NIKKEI 225

    39,098.68
    +836.48 (+2.19%)
     
  • HANG SENG

    16,721.45
    -21.50 (-0.13%)
     
  • CRUDE OIL

    78.24
    -0.37 (-0.47%)
     
  • GOLD FUTURES

    2,033.90
    +3.20 (+0.16%)
     
  • DOW

    39,069.11
    +456.87 (+1.18%)
     
  • Bitcoin GBP

    40,303.99
    -327.75 (-0.81%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,041.62
    +460.72 (+2.96%)
     
  • UK FTSE All Share

    4,195.17
    +14.98 (+0.36%)
     

Submarine Optical Fiber Cable Market Projected at $6.9 Billion by 2030: Record Growth Anticipated for Single Deck Armour Segment and Deep Sea Applications

Company Logo
Company Logo

Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Submarine Optical Fiber Cable Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

The global submarine optical fiber cable market is poised for substantial growth, with an anticipated compound annual growth rate (CAGR) of 11% between 2024 and 2030. This report provides a thorough analysis of current trends, forecasted developments, and competitive dynamics shaping this advancing industry.

This comprehensive research publication offers a deep dive into the market, segmenting it by type, component, application, and region. It provides valuable insights into the market's competitive landscape, providing businesses with the strategic intelligence required to make informed decisions.

Key Market Segments & Regional Growth

A detailed segmentation analysis breaks down the global submarine optical fiber cable market by types such as Single Deck Armour and Double Deck Armour, by components including Cable, Repeaters, and Branching Units, and by applications covering Shallow Sea, Deep Sea, and Subsea Monitoring. The report also casts a spotlight on regional markets, revealing North America's extraordinary growth trajectory driven by a surge in internet-connected users and robust economic progress.

Market Drivers & Opportunities

  • Increasing demand for high-speed internet connectivity

  • Growing preference for HVDC submarine power cables

  • Substantial government investments in broadband infrastructure development

Industry Leaders & Innovations

The study highlights various leading companies in the submarine optical fiber cable sector. These key players are at the forefront of innovation, focusing on expanding manufacturing facilities, engaging in research and development, and improving upon their existing infrastructures. With an emphasis on strategic alliances, product quality, and technological advancement, these firms are setting new industry standards and responding dynamically to increasing market demands.

Record Growth Anticipated for Single Deck Armour Segment and Deep Sea Applications

The single deck armour type is earmarked for the fastest growth over the forecast period, with its advantageous combination of flexibility, cost-effectiveness, and ease of installation contributing to its rising popularity. Furthermore, in terms of applications, the market for deep sea and subsea monitoring is set to expand significantly, showcasing the increasing importance of high-bandwidth, reliable undersea data transmission in a globally connected world.

Market Insights & Strategic Analysis

Apart from size estimations and forecasts, the report provides a strategic analysis including mergers and acquisitions, new product development, and a detailed competitive landscape. It further evaluates the market through Porter’s Five Forces model, unfolding various market dynamics and competitive pressures.

As the global landscape for digital connectivity undergoes rapid changes, the submarine optical fiber cable market report offers critical insights that help stakeholders understand the intricacies of the market and identify emerging opportunities.

A selection of companies mentioned in this report includes:

  • SubCom

  • NEC

  • Prysmian

  • Nexans

  • Google

  • Amazon

  • Microsoft

For more information about this report visit https://www.researchandmarkets.com/r/ojmbvd

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900