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Submarine Optical Fiber Cables - Global Market Trajectory & Analytics

  • ID: 2666991
  • Report
  • July 2021
  • Region: Global
  • 167 Pages
  • Global Industry Analysts, Inc
Rising Bandwidth Demand Putting the Global Submarine Cables Market in Overdrive

FEATURED COMPANIES

  • Ciena Corporation
  • Fujitsu Limited
  • Infinera Corporation
  • Mitsubishi Electric Corp.
  • NEC Corporation
  • Orange Marine

Global Submarine Optical Fiber Cables Market to Reach $30.8 Billion by 2026


The ongoing COVID-19 pandemic has elevated the role and importance of telecommunication industry services. Healthcare entities, government agencies, commercial enterprises, and even the general consumers have become more reliant on telecommunication services for their various needs in the troubled times. . In early 2020, COVID-19 crisis resulted in shut down of entire countries and drove an unprecedented surge in demand for bandwidth. Homeworking, educating, communicating, socializing and entertainment all became online pursuits during lockdown. Lockdowns, social distancing, and working from home pushed users to explore new scenarios to maintain business continuity and made Internet connection a basic need. As millions of people went online for entertainment and more, total internet hits surged by 70%. Communications service providers (CSPs) are aggressively expanding their fiber footprint and extending network capacity on fiber as well as wireless networks. Capital expenditures included advancing wireless speeds and coverage, supporting systems reliability and operational efficiency and effectiveness efforts, and the addition of homes and businesses directly to fiber-optic technology. In response to increased demand for network capacity, the wireless industry quickly deployed Wi-Fi hotspots and services in new spectrums. At the same time, many countries have continued with their introductions of the 5G network.

Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$13.3 Billion in the year 2020, is projected to reach a revised size of US$30.8 Billion by 2026, growing at a CAGR of 14.3% over the analysis period. The market in the Americas is estimated at US$4.5 Billion in the year 2021. Transpacific is forecast to reach a projected market size of US$4.2 Billion by the year 2026 trailing a CAGR of 16.2% over the analysis period. Among the other noteworthy geographic markets are Intra-Asia and Transatlantic, each forecast to grow at 10.5% and 17.8% respectively over the analysis period.

Submarine optical fiber cables dominate international voice and data traffic, due largely to the advantages offered in terms of high reliability, security and capacity, cost-effectiveness on major routes. The growing prominence of Cloud and Big Data also necessitates high degree of investments into data centers dispersed across the world. For cloud and big data concepts to be realized, telecom sector requires strong connectivity between these data centers, thus further raising importance of submarine optical fiber cables. Growing demand for high speed Internet due to the increasing internet usage has led to a rapid surge in the demand for higher bandwidth globally. This growing demand for more bandwidth has been one of the major factors driving the growth of submarine fiber cable market. Other factors that add to the market growth include large scale deployment of cables in oil and gas industry, increasing use of smart devices, and growing fiber connectivity in developing regions such as Asia and Africa.

Select Competitors (Total 119 Featured) -

  • Alcatel-Lucent Submarine Networks SAS
  • Ciena Corporation
  • Fujitsu Limited
  • Huawei Marine Networks Co., Limited
  • Infinera Corporation
  • Kokusai Cable Ship Co., Ltd.
  • Mitsubishi Electric Corp.
  • NEC Corporation
  • Norddeutsche Seekabelwerke GmbH
  • NTT World Engineering Marine Corporation
  • Orange Marine
  • S. B. Submarine Systems Co., Ltd.
  • Seaborn Networks LLC
  • TE SubCom
  • Xtera Communications, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ciena Corporation
  • Fujitsu Limited
  • Infinera Corporation
  • Mitsubishi Electric Corp.
  • NEC Corporation
  • Orange Marine
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 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
  • Exhibit 2: Global Capacity of Submarine Optic Fiber Cable Systems (in Tbps) by Major Route for 2016-2020
  • Exhibit 3: Global Submarine Optic Fiber Cable System Added (in Thousand Kilometers) for 2016 and 2020
  • Exhibit 4: Global Addition of Submarine Optic Fiber Cable System by Route/Region (in %) for the Period 2021-2023
  • Average Lit Capacity Continues to Grow
  • Exhibit 5: 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
  • Exhibit 6: Ownership of Submarine Telecom Cable Systems: Percentage Breakdown of Systems Owned by Single Owner and Multiple Owner for 2016, 2018 and 2020
  • Exhibit 7: Submarine Telecom Cable Systems' Financing Breakdown by Single Owner System, Multiple Owner System, and Multilateral Development Banks for 2016-2020
  • 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
  • Competition
  • Exhibit 8: Global Submarine Telecom Cable System Installations by Major Companies (in %) for 2016-2020
  • 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 Drives Focus onto the Need to Maintain Subsea Optical Fiber Cables
  • Exhibit 9: Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
  • Exhibit 10: 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
  • Exhibit 11: World Internet Penetration Rate (in %) by Geographic Region: February 2021
  • Exhibit 12: Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
  • Exhibit 13: Internet Penetration Rate (%) in Select Countries for 2020
  • Exhibit 14: 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
  • Exhibit 15: Global Mobile Data Traffic in EB/Month for the Year 2015, 2017, 2019, 2021, 2023 and 2025
  • Exhibit 16: Breakdown of Mobile Internet Revenues by Category (in %): 2020
  • Exhibit 17: Breakdown of Network Latency (in Milliseconds) by Network Type
  • Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
  • Exhibit 18: Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Exhibit 19: Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
  • 5G to Further Enhance Mobile Internet Traffic
  • Exhibit 20: 5G Smartphone Sales in Million Units: 2019-2022
  • Exhibit 21: Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
  • Exhibit 22: Average Time Spent Per Day (in Minutes) on Online Videos in the US for 2015-2019
  • Exhibit 23: Global OTT (Over-The-Top) Market Size (in $ Billion) for the Years 2019, 2022 and 2025
  • Content Providers Emerge as Major Drivers of Growth in Submarine Cable System Development
  • Exhibit 24: 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
  • Exhibit 25: Surging Workloads of Data Center Workloads to Fuel Prospects in Data Center Accelerators Market: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020 & 2022
  • Demand for Data Centers Surge as Remote Working Becomes the New Normal
  • Exhibit 26: WFM Employees as a % of the Total Workforce for 2019, 2020 and 2021
  • Shift towards Cloud-based Services and Applications Enhance Bandwidth & Capacity, Necessitating Undersea Cable Systems
  • Exhibit 27: Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
  • Exhibit 28: 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
  • Unconventional Applications Provide Growth Opportunities
  • Creating Mesh Networks for Greater Reliability and Faster Connectivity
  • Service Providers Focus on Improving Flexibility of Submarine Cable Networks
  • 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
  • Congestion, Political Feuds Push Subsea Cable Companies to Seek Alternate Routes
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Submarine Optical Fiber Cables by Geographic Region - Americas, Intra-Asia, Transatlantic and Transpacific Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 2: World Historic Review for Submarine Optical Fiber Cables by Geographic Region - Americas, Intra-Asia, Transatlantic and Transpacific Markets - Independent Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
  • TABLE 3: 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
III. MARKET ANALYSIS

AMERICAS
  • 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: Market Overview
  • Market Analytics
  • TABLE 4: Americas 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 2020 through 2027 and % CAGR
  • TABLE 5: Americas Historic Review for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables Markets - Independent 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
  • Market Analytics
  • TABLE 6: Intra-Asia 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 2020 through 2027 and % CAGR
  • TABLE 7: Intra-Asia Historic Review for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables Markets - Independent Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
TRANSATLANTIC
  • TABLE 8: Transatlantic 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 2020 through 2027 and % CAGR
  • TABLE 9: Transatlantic Historic Review for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables Markets - Independent Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
TRANSPACIFIC
  • TABLE 10: Transpacific 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 2020 through 2027 and % CAGR
  • TABLE 11: Transpacific Historic Review for Submarine Optical Fiber Cables by Segment - Submarine Optical Fiber Cables Markets - Independent Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR
IV. COMPETITION
  • Total Companies Profiled: 119
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alcatel-Lucent Submarine Networks SAS
  • Ciena Corporation
  • Fujitsu Limited
  • Huawei Marine Networks Co., Limited
  • Infinera Corporation
  • Kokusai Cable Ship Co., Ltd.
  • Mitsubishi Electric Corp.
  • NEC Corporation
  • Norddeutsche Seekabelwerke GmbH
  • NTT World Engineering Marine Corporation
  • Orange Marine
  • S. B. Submarine Systems Co., Ltd.
  • Seaborn Networks LLC
  • TE SubCom
  • Xtera Communications, Inc.
Note: Product cover images may vary from those shown
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