Quick Summary:
In a rapidly digitizing world, connectivity is an integral aspect of successful business operations. The Submarine Cable Systems market presents significant, lucrative opportunities, offering comprehensive possibilities for enhanced global telecommunications and power transfer. The market stands at the precipice of growth, expected to soar from US$15.4 Billion in 2022 to a staggering US$40.5 Billion by 2030.
Key players in this vast market comprise titans of industry such as Fujitsu Limited, Huawei Marine Networks Co., Limited, and NEC Corporation, among others. By purchasing our meticulously researched market report, businesses can leverage key insights, strategic growth patterns and participating competitor market shares to enhance their competitive edge. With over 36 featured competitors, an interactive research platform, and complimentary updates for a year, our insightful analysis promises unprecedented access to comprehensive data that can inform profitable decision making in the Submarine Cable Systems industry.
Global Submarine Cable Systems Market to Reach $40.5 Billion by 2030
The global market for Submarine Cable Systems estimated at US$15.4 Billion in the year 2022, is projected to reach a revised size of US$40.5 Billion by 2030, growing at a CAGR of 12.8% over the analysis period 2022-2030. Power Cables, one of the segments analyzed in the report, is projected to record 12% CAGR and reach US$24.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Communication Cables segment is readjusted to a revised 14.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 12% CAGR
The Submarine Cable Systems market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 12% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 9.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR.Select Competitors (Total 36 Featured) -
- Fujitsu Limited
- Hawaiki Cable Limited
- Huawei Marine Networks Co., Limited
- Mitsubishi Electric Corporation
- NEC Corporation
- Nexans SA
- Nokia Corporation
- Prysmian Group
- Subcom, LLC
- Sumitomo Electric Industries, Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- 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 digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Submarine Cable Systems?
What is the growth rate of the Global Market for Submarine Cable Systems?
What is the forecasted size of the Global Market for Submarine Cable Systems?
Who are the key companies in the Global Market for Submarine Cable Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 15.4 Billion |
| Forecasted Market Value ( USD | $ 40.5 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Fujitsu Limited
- Hawaiki Cable Limited
- Huawei Marine Networks Co., Limited
- Mitsubishi Electric Corporation
- NEC Corporation
- Nexans SA
- Nokia Corporation
- Prysmian Group
- Subcom, LLC
- Sumitomo Electric Industries, Ltd.
