Report Code: A09834 | Pages: NA | Mar 2023 | 1788 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !A submarine cable system is deployed on sea bed connected with land-based stations for carrying out communications across the ocean or sea. It is, therefore, the basic requirement for establishing communication between land and sea. Initially, these cable systems were used for telephone and telegraph, however, owing to advancements in technology, modern systems are used to carry out digital data. Hence, these systems find their applications in telecommunications, governments, and oil & gas. These systems are beneficial and essential in today’s era, owing to sea freight and global positioning systems. Innovations in telecommunication and the electronic systems industry pave way for the submarine cable system market size growth.Â
The global submarine cable system market is segmented into type, component, application, offering, and region. Based on type, the market is further segmented into single core and multi core. In terms of application, the market is sub-divided into dry plant products, and wet plant products. Based on industry vertical, the market is bifurcated further into dry plant products, and wet plant products. Based on application, the market is bifurcated further into power cables and communication cable. By offering, the market is divided into maintenance, installation & commissioning, and upgrades. Geographically, the global market is divided across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key players of the submarine cable system market analyzed in the research include Subcom, NEC Corporation, Nokia Corporation, Huawei Marine networks Co. Ltd., Hawaiki Cable Limited, Nexans SA, Mitsubishi Electric Corporation, Prysmian Group,, Fujitsu ltd, and Sumitomo Electric Industries Ltd. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.
Rise in need of submarine cable systems in offshore wind farms and increase in number of telecom networks across oceans, land and offshore. The other important growth factors of these systems are its high reliability and the capacity of the submarine cables. In addition, these cables are cost efficient, which further drives the market. High maintenance and repair cost, natural calamities, fishing and shipping activities hinder the market growth. Furthermore, rapid digitalization and modernization across the world is expected to drive the submarine cable system market growth.
Malaysia and Indonesia deployed the SEAX-1 project in the year 2018. For this project, Nexans revealed that it will deliver and manufacture 250 kms of submarine fiber optic cable to Huawei Marine as prime supplier for construction of the SEAX-1 project. This project aims to connect Indonesia and Malaysia by providing high speed robust data connectivity to its population.
Thus, this system flourished the market, owing to rapid digitalization in these countries and increase in usage of internet.
As the world is moving toward adoption of renewable sources of energy, governments of various countries have increased their electricity generation output by using renewable sources of energy such as wind energy. This has led to increase in number of offshore wind farms as they are integral part of the renewable power generation and cable systems. As investments and developments of the offshore wind projects has increased demand and use of submarine cable system has increased as well.
Submarine Cable System Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Type, Component, Application, Offering, and Region |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | Subcom, NEC Corporation, Nokia Corporation, Huawei Marine networks Co. Ltd., Hawaiki Cable Limited, Nexans SA, Mitsubishi Electric Corporation, Prysmian Group,, Fujitsu ltd, and Sumitomo Electric Industries Ltd. |
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Submarine Cable System Market Report Highlights
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Key Market Players | Alcatel-Lucent Enterprise, SubCom LLC, NEC Corporation, NEXANS, Prysmian Group, Saudi Ericsson, Jiangsu Hengtong Au Optronics Co, ZTT, NKT A/S, JDR Cable Systems Ltd. |
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