Submarine Cable System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report