Dublin, July 13, 2022 (GLOBE NEWSWIRE) -- The "Submarine Optical Fiber Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Submarine Optical Fiber Cables Market to Reach $30.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$22 Billion in the year 2022, is projected to reach a revised size of US$30.8 Billion by 2026, growing at a CAGR of 14.3% over the analysis period. The market in the Americas is estimated at US$4.5 Billion. Transpacific is forecast to reach a projected market size of US$4.2 Billion by the year 2026 trailing a CAGR of 16.2% over the analysis period. Among the other noteworthy geographic markets are Intra-Asia and Transatlantic, each forecast to grow at 10.5% and 17.8% respectively over the analysis period.
Submarine optical fiber cables dominate international voice and data traffic, due largely to the advantages offered in terms of high reliability, security and capacity, cost-effectiveness on major routes. The growing prominence of Cloud and Big Data also necessitates high degree of investments into data centers dispersed across the world.
For cloud and big data concepts to be realized, telecom sector requires strong connectivity between these data centers, thus further raising importance of submarine optical fiber cables. Growing demand for high speed Internet due to the increasing internet usage has led to a rapid surge in the demand for higher bandwidth globally. This growing demand for more bandwidth has been one of the major factors driving the growth of submarine fiber cable market.
Other factors that add to the market growth include large scale deployment of cables in oil and gas industry, increasing use of smart devices, and growing fiber connectivity in developing regions such as Asia and Africa. The growing number of private project developers has led to an increase in the optical cables` length that are being laid.
Growing efforts to improve the bandwidth enables several countries to raise their economic growth by developing submarine systems. The demand for higher bandwidth will pave way for new submarine fiber cable projects. The advanced technological improvements have reduced the manufacturing costs and the installation costs have increased. The costs involved in laying cables can be reduced if the cable laying vessels are embedded with advanced technologies that help in laying the cables correctly without errors.
Key Topics Covered:
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
Internet's Rising Contribution to Economy Fuels Need for Submarine Communication Cable Systems
Growing Demand for High Bandwidth Applications Bodes Well for the Market
Submarine Cable Systems to Benefit from the Rise in Internet-enabled Devices Resultant Need for Bandwidth Capacity Expansion
Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
5G to Further Enhance Mobile Internet Traffic
Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
Million) for the Years 2019, 2021, 2023 & 2025
Content Providers Emerge as Major Drivers of Growth in Submarine Cable System Development
Data Center Providers Fuel Need for Submarine Telecom Cable Systems
Demand for Data Centers Surge as Remote Working Becomes the New Normal
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
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
Alcatel-Lucent Submarine Networks SAS
HMN Technologies Co., Ltd.
Kokusai Cable Ship Co., Ltd.
LS Cable & System, Ltd.
Mitsubishi Electric Corporation
Norddeutsche Seekabelwerke GmbH
NTT World Engineering Marine Corporation
S. B. Submarine Systems Co., Ltd.
Seaborn Networks LLC
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