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Submarine Optical Fiber Cables - Global Market Trajectory & Analytics

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    Report

  • 360 Pages
  • October 2022
  • 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 $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.

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?
  • 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.