Submarine Cable System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Submarine Cable System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2021 | Semiconductor & Electronics

Report Digest


Global Submarine Cable System Market: Overview

Submarine communication cable system or simply the submarine cable system is constructed by telecom providers and consists of telecommunication and internet cables laid on the seabed for interconnecting several land-based stations. The systems notably connects mainland and islands across various continents all over the globe. Submarine cable systems have emerged as the key for high-capacity, reliable broadband connections all over the world. These systems help in feeding the ever burgeoning data needs of various countries, mainly by carrying telecommunication signals and acting as a direct connectivity to global content hubs. One of the prominent cable systems launched in recent years is the Asia-Africa-Europe (AAE-1) submarine cable system. The system is expected to span 25,000 km and will connect numerous countries of Europe and Asia.

Global Submarine Cable System Market: Key Trends

The staggering rise in internet traffic all over the world, especially in emerging economies, and the burgeoning number of telecom subscriptions are notable factors driving the demand for submarine cable system. The proliferating number of telecom subscriptions and the rising need for high-speed internet connections among enterprises, especially in Asia Pacific, is bolstering the expansion of the market. The rising number of offshore wind energy installations has propelled the demand for submarine power cables, thus fueling the growth of the submarine cable system market. Constant efforts by key industry players to bring upgrades to submarine cable system are creating new, lucrative avenues to the market players. The rising demand for high-end digital services among consumers in emerging economies is a vital trend catalyzing the construction of submarine cable system.

Global Submarine Cable System Market: Market Potential

The submarine cable system is reaping lucrative gains from the growing number of contracts for new systems as well for adding new branches in the existing system in emerging and developed regions. Tyco Electronics Subsea Communications LLC. (previously known as TE SubCom) declared in September 2018 that it has secured a contract to build two new branches to MainOne submarine cable system that stretches over 7000-km from Portugal to Nigeria. The branches added will be at Dakar and Abidjan.

The U.S.-based company will also upgrade the cable system by adding the reconfigurable optical add-drop multiplexer (ROADM) capacity to it. By November in the next year, the potential capacity of the submarine cable system will be upgraded to potential capacity of 10 Tbps. This measure forms a part of initiatives to bridge the digital gap between West Africa and the rest of the world. Adding the pair of new points to the cities will reinforce commercial development of the region by opening them to bandwidth markets across borders.

In another recent development on the construction of new electricity submarine cable system Prysmian Group, an Italian multinational corporation manufacturing, has secured a new contract for laying down a cable interconnecting the island of Crete and mainland Greece. The project was awarded by Independent Power Transmission Operator and is worth €125 million. The project will be finalized by the end of this year after it passes the regulatory go-ahead.

Global Submarine Cable System Market: Regional Outlook

Of the various regional markets for submarine cable systems, Asia Pacific is likely to stand out from others. This is fueled by the rising demand for high-speed interconnections in its economies and the rise in investments by prominent telecom providers domiciled in developing countries. These companies have made sizeable investments in projects for laying down submarine cable system spanning several continents and regions. The report takes a critical look at the current and emerging avenues in various regions and the imminent investment pockets in key regional markets.

Global Submarine Cable System Market: Competitive Analysis

The report offers a detailed and in-depth assessment of the elements of key competitive dynamics prevailing in the submarine cable systems market. The analyses takes a closer look at the key strategies adopted by various players to gain a better foothold or stronghold over the landscape. Some of the key players vying for a substantial stake in the submarine cable systems market are Nexans S.A., NKT Holding, Saudi Ericsson, NEC Corp, TE Connectivity, and Alcatel-Lucent.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?