Submarine Optical Fiber Cables - Global Market Trajectory & Analytics

Rising Bandwidth Demand Putting the Global Submarine Cables Market in Overdrive

Global Submarine Optical Fiber Cables Market to Reach $32.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$32.7 Billion by 2027, growing at a CAGR of 12.8% over the period 2020-2027.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 12.3% CAGR

The Submarine Optical Fiber Cables market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 12.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.

Select Competitors (Total 123 Featured)

Alcatel-Lucent Submarine Networks SAS
Ciena Corporation
Fujitsu Limited
HMN Technologies Co., Ltd.
Infinera Corporation
Kokusai Cable Ship Co., Ltd.
LS Cable & System, Ltd.
Mitsubishi Electric Corporation
NEC Corporation
Norddeutsche Seekabelwerke GmbH
NTT World Engineering Marine Corporation
Orange Marine
S. B. Submarine Systems Co., Ltd.
Seaborn Networks LLC
SubCom, LLC
Xtera, Inc.

What's New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to a digital archives and Research Platform
Complimentary updates for one year

Frequently Asked Questions about the Global Market for Submarine Optical Fiber Cables

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

The Global Market for Submarine Optical Fiber Cables was estimated to be valued at $14.1 Billion in 2020.

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

The growth rate of the Global Market for Submarine Optical Fiber Cables is 12.8%, with an estimated value of $32.7 Billion by 2027.

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

The Global Market for Submarine Optical Fiber Cables is estimated to be worth $32.7 Billion by 2027.

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

Key companies in the Global Market for Submarine Optical Fiber Cables include Alcatel, Lucent Submarine Networks SAS, Ciena Corporation, Fujitsu Limited, HMN Technologies Co., Ltd., Infinera Corporation, Kokusai Cable Ship Co., Ltd., LS Cable & System, Ltd. and NEC Corporation.

Report Attribute	Details
No. of Pages	360
Published	October 2022
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 14.1 Billion
Forecasted Market Value ( USD ) by 2027	$ 32.7 Billion
Compound Annual Growth Rate	12.8%
Regions Covered	Global

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?
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 2017-2021
Exhibit 3: Global Submarine Optic Fiber Cable System Added (in Thousand Kilometers) for 2017 and 2020
Exhibit 4: Global Addition of Planned Submarine Optic Fiber Cable System by Region (in %) for the Period 2021-2026
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 2011, 2016 and 2021
Exhibit 7: 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
Exhibit 8: Global Submarine Telecom Cable System Installations by Major Companies (in %) for 2017-2021
Exhibit 9: Leading Suppliers of Submarine Telecom Cable Systems: Percentage Breakdown by Number of Systems Supplied for 2017-2021
Exhibit 10: 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
Exhibit 11: Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
Exhibit 12: 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 13: World Internet Adoption Rate (in %) by Geographic Region: 2021
Exhibit 14: Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
Exhibit 15: 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 16: Global Mobile Data Traffic (Million Terabytes/Month) for the Period 2020-2027
Exhibit 17: Breakdown of Mobile Internet Revenues by Category (in %): 2020
Exhibit 18: Breakdown of Network Latency (in Milliseconds) by Network Type
Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
Exhibit 19: Smartphone Adoption as Share of Total Population: 2016-2021
Exhibit 20: 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 21: 5G Smartphone Sales in Million Units: 2019-2022
Exhibit 22: 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 23: Average Time Spent Per Day (in Minutes) on Digital Video in the US for 2018-2021
Exhibit 24: 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
Exhibit 25: 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 26: 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
Exhibit 27: 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
Exhibit 28: Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
Exhibit 29: 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 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 Analytics
Table 4: Americas Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables - 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 - 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 Recent Past, Current & Future Analysis for Submarine Optical Fiber Cables - 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 - 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 - 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 - 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 - 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 - Analysis of Annual Spending in US$ Million for Years 2015 through 2019 and % CAGR

IV. COMPETITION

Total Companies Profiled: 123

Companies Mentioned

A selection of companies mentioned in this report includes:

Alcatel-Lucent Submarine Networks SAS
Ciena Corporation
Fujitsu Limited
HMN Technologies Co., Ltd.
Infinera Corporation
Kokusai Cable Ship Co., Ltd.
LS Cable & System, Ltd.
Mitsubishi Electric Corporation
NEC Corporation
Norddeutsche Seekabelwerke GmbH
NTT World Engineering Marine Corporation
Orange Marine
S. B. Submarine Systems Co., Ltd.
Seaborn Networks LLC
SubCom, LLC
Xtera, Inc.

Global Submarine Optical Fiber Cables Market to Reach $32.7 Billion by 2027

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 12.3% CAGR

Select Competitors (Total 123 Featured)

What's New for 2022?

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

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

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

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

Table of Contents

Companies Mentioned

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