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Submarine Optical Fiber Cables - Global Strategic Business Report

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    Report

  • 360 Pages
  • March 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$20.6 Billion in the year 2023, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 11.1% over the analysis period 2023-2030.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 10.8% CAGR

The Submarine Optical Fiber Cables market in the U.S. is estimated at US$6.3 Billion in the year 2023. 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 10.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 9.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

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.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Submarine Optical Fiber Cables - Global Key Competitors Percentage Market Share in 2023 (E)
  • 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
  • Global Submarine Telecom Cable System Capacity: An Overview
  • Global Addition of Planned Submarine Optic Fiber Cable System by Region (in %) for the Period 2021-2026
  • Multiple Ownership of Submarine Telecom Cable Systems on the Rise
  • 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
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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
  • 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 Network Latency (in Milliseconds) by Network Type
  • Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
  • Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
  • 5G to Further Enhance Mobile Internet Traffic
  • Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
  • 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
  • Demand for Data Centers Surge as Remote Working Becomes the New Normal
  • 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
  • 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 2023 through 2030 and % CAGR
  • Table 2: World 7-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 2024 & 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 2024 (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 2023 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 2023 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 2024 (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 2023 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 2024 (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 2023 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 2024 (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 2023 through 2030 and % CAGR
  • Table 9: Europe 7-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 2024 & 2030
FRANCE
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (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 2023 through 2030 and % CAGR
GERMANY
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (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 2023 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 2023 through 2030 and % CAGR
UNITED KINGDOM
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (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 2023 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 2023 through 2030 and % CAGR
ASIA-PACIFIC
  • Submarine Optical Fiber Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (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 2023 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 2023 through 2030 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.