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Submarine Optical Fiber Cables Global Market Report 2023: Rise in Digital Services Usage Necessitates Maintenance of Subsea Optical Fiber Cables
Global Market for Submarine Optical Fiber Cables
Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Submarine Optical Fiber Cables: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Submarine Optical Fiber Cables Market to Reach $48 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Submarine Optical Fiber Cables estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 12.4% CAGR
The Submarine Optical Fiber Cables market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Report Attribute | Details |
No. of Pages | 360 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $18.2 Billion |
Forecasted Market Value (USD) by 2030 | $48 Billion |
Compound Annual Growth Rate | 12.9% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Fiber Optics: The Preferred Transmission Mode in Undersea Applications
Submarine Cabling Emerges to Address Data Transmission Needs
Rise in Digital Services Usage Necessitates Maintenance of Subsea Optical Fiber Cables
Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
Internet's Rising Contribution to Economy Fuels Need for Submarine Communication Cable Systems
Growing Demand for High Bandwidth Applications Bodes Well for the Market
World Internet Adoption Rate (in %) by Geographic Region: 2021
Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
Global Consumer IP Traffic Volume (in Exabytes) for the Years 2017 and 2020
Submarine Cable Systems to Benefit from the Rise in Internet-enabled Devices Resultant Need for Bandwidth Capacity Expansion
Global Mobile Data Traffic (Million Terabytes/Month) for the Period 2020-2027
Breakdown of Mobile Internet Revenues by Category (in %): 2020
Breakdown of Network Latency (in Milliseconds) by Network Type
Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
Smartphone Adoption as Share of Total Population: 2016-2021
Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
5G to Further Enhance Mobile Internet Traffic
5G Smartphone Sales in Million Units: 2019-2022
Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
Average Time Spent Per Day (in Minutes) on Digital Video in the US for 2018-2021
Rising Popularity of OTT Services Bodes Well for Market Prospects: Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
Content Providers Emerge as Major Drivers of Growth in Submarine Cable System Development
Content Providers-driven Submarine Telecom Cable Systems as % of Total Cable Systems for 2016, 2018, 2020, and 2021-2023
Data Center Providers Fuel Need for Submarine Telecom Cable Systems
Surging Workloads of Data Center Workloads to Fuel Market Prospects: Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022
Demand for Data Centers Surge as Remote Working Becomes the New Normal
WFM Employees as a % of the Total Workforce for 2019, 2020 and 2021
Subsea Cable Systems Become Attractive for Hyperscalers and Telecom Operators
Hyperscalers Make Increased Investments into Submarine Cables
Shift towards Cloud-based Services and Applications Enhance Bandwidth & Capacity, Necessitating Undersea Cable Systems
Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
Global Public Cloud Services Market (In US$ Billion) for 2019, 2020 and 2021
Rising Deployment of Submarine Optic Fiber Cables in the Oil & Gas Industry
Infrastructure Revamp Propels Demand for Submarine Communications Cable System
Unconventional Applications Provide Growth Opportunities
Creating Mesh Networks for Greater Reliability and Faster Connectivity
Service Providers Focus on Improving Flexibility of Submarine Cable Networks
Sustainable Submarine Cable Networks Gain Importance
Technology Advancements Promise Faster Undersea Transmissions
SDM: A High Potential Technology for Augmenting Cable Capacity
Caltech Researchers Study Submarine Cables to Sense Oceanic Earthquakes
Role of AI in Submarine Telecom Cable Systems
Infinera and Seaborn Networks Introduce Novel Submarine Network Services
Satellite Communications Present Challenges to Submarine Cable Fiber Optic Systems
Lack of New Submarine Cable System Installations: Repairs & Upgrades to Provide Growth Opportunities
Submarine Cables At Risk from Snooping and Natural Disasters
Measures to Safeguard Submarine Fiber Optic Cables
Undersea Cables Face Risk from Spy Submarines
Natural Disasters Present Threat to Undersea Cable Systems
Congestion, Political Feuds Push Subsea Cable Companies to Seek Alternate Routes
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
Alcatel-Lucent Submarine Networks SAS
Ciena Corporation
Fujitsu Limited
HMN Technologies Co., Ltd.
Infinera Corporation
Kokusai Cable Ship Co., Ltd.
LS Cable & System, Ltd.
Mitsubishi Electric Corporation
NEC Corporation
Norddeutsche Seekabelwerke GmbH
NTT World Engineering Marine Corporation
Orange Marine
S. B. Submarine Systems Co., Ltd.
Seaborn Networks LLC
SubCom, LLC
Xtera, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3cwobs
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