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2021
Submarine Optical Fiber Cables Market

Submarine Optical Fiber Cables Market by Component (Wet Plant Products and Dry Plant Products), Type (Single Core and Multicore), Offering (Installation & Commissioning, Maintenance Others, and Upgrades), Voltage (Medium Voltage and High Voltage), and End User (Offshore Wind Power Generation and Offshore Oil & Gas): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09905
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Dec 2021 | 779 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Submarine Optical Fiber Cables Market Insight

A fiber optic cable is a direct link through which one country connects to the rest of the globe for voice and data transmission. The submarine optical fiber cables are laid along the seabed between land-based stations. These cables carry telecommunication signals across the ocean by carrying telephone, internet, and private data traffic. Submarine optical fiber cable systems offer high capacity up to 2 Tera byte per second  per cable. They have real-time transmission along with low bit error rates. The submarine transmission is known for having the best security of transmission. Submarine systems have optically amplified repeaters, which are all photonic, allowing for the simpler repeater construction to have a bit rate free from modulation and to use only low-speed electronics. 

Submarine Optical Fiber Cables Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($)

  Segments covered

  Component, Offering, Type, Voltage, End User, and Regions

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

Major players analyzed in the market include Alcatel-Lucent Submarine Networks SAS, Cable & Wireless Communications Ltd., Ciena Corporation, Fujitsu Limited, NEC Corporation, NTT World Engineering Marine Corporation, Orange Marine, S. B. Submarine Systems Co., Ltd., Seaborn Networks LLC, and Xtera Communications, Inc.

 

Impact of COVID-19 on Submarine Optical Fiber Cables Market:

  • The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry. 
  • The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation. 
  • The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics. 
  • In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the submarine optical fiber cables market in the upcoming years. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The increased data consumption due to the rise in the number of the mobile users, increasing use of the networking sites, and the shift in the cloud-based service is driving the submarine optical fiber cable market. Need for growing technology and information exchange among the countries is increasing the demand for the submarine optical fiber cables market. The rise in the demand for the communication channel to deliver high-speed data over bandwidth is growing the demand for submarine optical fiber cables market. However, increasing need to enhance the capabilities of wireless or satellite-based communication and disruptions in service due to lack of redundancy is hindering the growth of the submarine optical fiber cables market. Contrarily, growing investment in deployment of high-capacity communications systems and increasing demand for HVDC submarine power cables is expected to create various growth opportunities for the submarine optical fiber cables market in forecasted years.

Growing smartphone penetration and increasing demand for internet

With the growing internet usage, a rapid rise in the demand for fast bandwidth speeds is surging the demand for submarine optical fiber cables market. Also, the number of internet users is growing with the increasing smartphone penetration. The adoption of optoelectronic devices system allows acoustic frequency strain signals to be detected over large distances and in harsh environments thus, monitoring of submarine optical fiber cable systems is easier and reliable.

Disruptions in service due to lack of redundancy

One of the biggest challenges facing the submarine optical network is that many parts of the world are still vulnerable to disruptions in service due to lack of redundancy. Network architectures use redundant bidirectional links between stations, like roadways and water distribution systems, to prevent loss of use if the signal from a link or station is lost. The self-healing rings will loop traffic through operational parts of the ring when the shortest link is disrupted. However, the cable industry is used to repairing faults, which happen less frequently than in terrestrial networks but take much more time to reach and repair hindering the growth of submarine optical cables market.

Key segments covered:

Segments

Subsegments

  Component

  • Wet Plant Products
  • Dry Plant Products

  Offering

  • Installation & Commissioning
  • Maintenance Others
  • Upgrades

  Type

  • Single Core
  • Multicore

  Voltage

  • Medium Voltage
  • High Voltage

  End User

  • Offshore Wind Power Generation
  • Offshore Oil & Gas

 

Key benefits of the report:

  • This study presents the analytical depiction of the global submarine optical fiber cables industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global submarine optical fiber cables market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the global submarine optical fiber cables market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis depending on competitive intensity and how the competition will take shape in coming years.
 
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