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Submarine Optical Fiber Cables - Global Strategic Business Report

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    Report

  • 360 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2666991

Rising Bandwidth Demand Putting the Global Submarine Cables Market in Overdrive

Global Submarine Optical Fiber Cables Market to Reach $48 Billion by 2030

The global market for Submarine Optical Fiber Cables estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030.

The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 12.4% CAGR

The Submarine Optical Fiber Cables market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Select Competitors (Total 123 Featured)

  • ABB Ltd.
  • Bharti Airtel Ltd.
  • Corning, Inc.
  • Ciena Corporation
  • Amphenol Corporation
  • Chunghwa Telecom Co., Ltd.
  • Belden, Inc.
  • China Unicom Global Limited
  • AFL
  • Antel
  • Dialog Axiata PLC
  • Bezeq International Ltd.
  • BPP-Cables
  • Broadband Infraco SOC Ltd.
  • Cortland Co., Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Submarine Optical Fiber Cables Market

What is the estimated value of the Submarine Optical Fiber Cables Market?

The Submarine Optical Fiber Cables Market was estimated to be valued at $18.2 Billion in 2022.

What is the growth rate of the Submarine Optical Fiber Cables Market?

The growth rate of the Submarine Optical Fiber Cables Market is 12.9%, with an estimated value of $48 Billion by 2030.

What is the forecasted size of the Submarine Optical Fiber Cables Market?

The Submarine Optical Fiber Cables Market is estimated to be worth $48 Billion by 2030.

Who are the key companies in the Submarine Optical Fiber Cables Market?

Key companies in the Submarine Optical Fiber Cables Market include ABB Ltd., Bharti Airtel Ltd., Corning, Inc., Ciena Corporation, Amphenol Corporation, Chunghwa Telecom Co., Ltd., Belden, Inc., China Unicom Global Limited, AFL and Antel.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 020 through 2022
  • Need for Internet Connectivity Amidst the Pandemic Raises Significance of Submarine Cable Systems
  • An Introduction to Submarine Optical Fiber Cables
  • Historical Evolution of Submarine Communication Cables
  • Basic Structure of Submarine Communication Cable
  • Ownership Structure in Submarine Cable Industry
  • Submarine Cable Networks: The Lifeline of Global Communications
  • Global Market Prospects & Outlook
  • US-China Battle to Gain Control of Worldwide Internet Grid
  • Global Submarine Telecom Cable System Capacity: An Overview
  • Global Capacity of Submarine Optic Fiber Cable Systems (in Tbps) by Major Route for 2017-2021
  • Global Submarine Optic Fiber Cable System Added (in Thousand Kilometers) for 2017 and 2020
  • Global Addition of Planned Submarine Optic Fiber Cable System by Region (in %) for the Period 2021-2026
  • Average Lit Capacity Continues to Grow
  • Lit Capacity as % of Total Capacity of Submarine Optic Fiber Cable System by Route for 2015 and 2020
  • Multiple Ownership of Submarine Telecom Cable Systems on the Rise
  • Ownership of Submarine Telecom Cable Systems: Percentage Breakdown of Systems Owned by Single Owner and Multiple Owner for 2011, 2016 and 2021
  • Submarine Telecom Cable Systems’ Financing Breakdown by Single Owner System, Multiple Owner System, and Multilateral Development Banks for 2021
  • A Glance at Recent Submarine Telecom Cable Systems
  • Submarine Fiber Optic Cable Between Australia and Antarctica to Offer Reliable Communication Service
  • Enhancements to MAREA Creates Record Capacity and Data Rates
  • Competitive Landscape
  • Global Submarine Telecom Cable System Installations by Major Companies (in %) for 2017-2021
  • Leading Suppliers of Submarine Telecom Cable Systems: Percentage Breakdown by Number of Systems Supplied for 2017-2021
  • Global Submarine Telecom Cable Systems Market Breakdown of KMs of Cable Produced (in %) for 2017-2021
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Recent Market Activity
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
  • Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
  • Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
  • Internet’s Rising Contribution to Economy Fuels Need for Submarine Communication Cable Systems
  • Growing Demand for High Bandwidth Applications Bodes Well for the Market
  • World Internet Adoption Rate (in %) by Geographic Region: 2021
  • Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
  • Global Consumer IP Traffic Volume (in Exabytes) for the Years 2017 and 2020
  • Submarine Cable Systems to Benefit from the Rise in Internet-enabled Devices Resultant Need for Bandwidth Capacity Expansion
  • Global Mobile Data Traffic (Million Terabytes/Month) for the Period 2020-2027
  • Breakdown of Mobile Internet Revenues by Category (in %): 2020
  • Breakdown of Network Latency (in Milliseconds) by Network Type
  • Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
  • Smartphone Adoption as Share of Total Population: 2016-2021
  • Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
  • 5G to Further Enhance Mobile Internet Traffic
  • 5G Smartphone Sales in Million Units: 2019-2022
  • Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
  • Average Time Spent Per Day (in Minutes) on Digital Video in the US for 2018-2021
  • Rising Popularity of OTT Services Bodes Well for Market Prospects: Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
  • Content Providers Emerge as Major Drivers of Growth in Submarine Cable System Development
  • Content Providers-driven Submarine Telecom Cable Systems as % of Total Cable Systems for 2016, 2018, 2020, and 2021-2023
  • Data Center Providers Fuel Need for Submarine Telecom Cable Systems
  • Surging Workloads of Data Center Workloads to Fuel Market Prospects: Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022
  • Demand for Data Centers Surge as Remote Working Becomes the New Normal
  • WFM Employees as a % of the Total Workforce for 2019, 2020 and 2021
  • 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
  • Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
  • Global Public Cloud Services Market (In US$ Billion) for 2019, 2020 and 2021
  • 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
  • TABLE 1: World Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World 8-Year Perspective for Submarine Optical Fiber Cables by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • World 15-Year Perspective for Submarine Optical Fiber Cables by Geographic Region - Percentage Breakdown of Spending for Americas, Intra-Asia, Transatlantic and Transpacific Markets for Years 2015, 2021 & 2027
  • TABLE 3: World Submarine Optical Fiber Cables Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
  • AMERICAS
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • United States
  • Need for Faster Internet Connectivity and Expanding Fiber Optic Networks Fuel Market Growth
  • US Government Tightens Control on Undersea Cable Services and Systems
  • Latin America
  • TABLE 4: USA Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • Americas Historic Review for Submarine Optical Fiber Cables - Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
  • INTRA-ASIA
  • Asia-Pacific: Internet-based Services Spur Investments in Submarine Communication Systems
  • Australia
  • High Cost of Internet Data Transmission over Submarine Cables
  • Creating Mesh Networks for Greater Reliability and Faster Connectivity
  • India
  • Market Overview
  • Submarine Cables Market on Expansion Mode
  • New Submarine Optical Fiber System to Provide High-Speed Broadband to Lakshadweep
  • Reliance Jio Announces Largest Submarine Cable Project
  • TABLE 5: Canada Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • Intra-Asia Historic Review for Submarine Optical Fiber Cables - Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
  • TRANSATLANTIC
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • TABLE 6: Japan Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • Transatlantic Historic Review for Submarine Optical Fiber Cables - Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
  • TRANSPACIFIC
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • TABLE 7: China Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • Transpacific Historic Review for Submarine Optical Fiber Cables - Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
  • EUROPE
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • TABLE 8: Europe Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Spending in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: Europe 8-Year Perspective for Submarine Optical Fiber Cables by Geographic Region - Percentage Breakdown of Value Spending for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • FRANCE
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • TABLE 10: France Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • GERMANY
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • TABLE 11: Germany Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • ITALY
  • TABLE 12: Italy Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • UNITED KINGDOM
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • TABLE 13: UK Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • REST OF EUROPE
  • TABLE 14: Rest of Europe Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • ASIA-PACIFIC
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • TABLE 15: Asia-Pacific Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
  • REST OF WORLD
  • TABLE 16: Rest of World Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables - Independent Analysis of Annual Spending in US$ Million for the Years 2022 through 2030 and % CAGR
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Bharti Airtel Ltd.
  • Corning, Inc.
  • Ciena Corporation
  • Amphenol Corporation
  • Chunghwa Telecom Co., Ltd.
  • Belden, Inc.
  • China Unicom Global Limited
  • AFL
  • Antel
  • Dialog Axiata PLC
  • Bezeq International Ltd.
  • BPP-Cables
  • Broadband Infraco SOC Ltd.
  • Cortland Co., Inc.