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Submarine Cables Market By Voltage (Medium Voltage, High Voltage), By Offering (Installation and Commissioning, Maintenance, Upgrades), By Application (Power Cables, Communication Cables): Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 239 Pages
  • July 2023
  • Region: Global
  • Allied Market Research
  • ID: 5894514
UP TO OFF until Oct 24th 2024
The market for submarine cables refers to the industry and economic activities associated with the manufacturing, installation, maintenance, and operation of undersea cables used for long-distance communication and data transmission. It encompasses the various stakeholders involved, including submarine cable manufacturers, system integrators, network operators, and service providers.

Submarine cables serve as the physical infrastructure that enables the transmission of data, voice, and video signals across continents and under the oceans of the world. These cables are essential for intercontinental communication, international connectivity, and global data transfer. They form the backbone of the telecommunications network, facilitating internet access, international phone calls, video conferencing, and other communication services on a global scale.

The market for submarine cables is characterized by technological advancements, stringent quality standards, and a high level of expertise required for design, manufacturing, and installation. It involves complex engineering processes, extensive research and development, and continuous innovation to improve cable performance, capacity, and durability. Market trends in this sector are influenced by factors such as the increase in demand for high-speed internet connectivity, the proliferation of emerging technologies such as 5G and IoT, the expansion of digital services, and the geographical extension of internet access to underserved regions. Moreover, the market experiences competitive dynamics as companies vie for contracts to build and deploy submarine cable systems, aiming to meet the growth in demand for global connectivity and capitalize on the expanding digital economy.

Thee market for submarine cables is thus a specialized sector within the broader telecommunications industry, focused on the development and deployment of undersea cables that enable international communication and data transmission. It plays a crucial role in connecting nations, supporting global connectivity, and facilitating the exchange of information on a global scale.

The submarine cables market is anticipated to expand significantly during the forecast period owing to an increase in global connectivity demand, government initiatives and investments, and surge in investment for offshore energy projects. On the contrary, the geopolitical and security concerns, and external threats and damages are the restraints for submarine cables market growth during the forecast period. The submarine cables market is segmented on the basis of offering, voltage, application, and region. On the basis of offering, the market is categorized into installation and commissioning, maintenance, and upgrades. In 2022, the installation and commissioning segment dominated the market, in terms of revenue, and it is expected to acquire major market share by 2032.

On the basis of voltage, the market is bifurcated into medium voltage and high voltage. The medium voltage segment acquired the largest share in 2022 and high voltage is expected to grow at a significant CAGR from 2023 to 2032. On the basis of application, the market is bifurcated into power cables and communication cables. The power cables segment acquired the largest share in 2022 and communication cables is expected to grow at a significant CAGR from 2023 to 2032. On the basis of region, the submarine cables market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competitive analysis and profiles of the major global submarine cables market players that have been provided in the report include Alcatel Submarine Networks (ASN), Fujitsu, HENGTONG GROUP CO.,LTD., HMN Tech, JDR Cable Systems Ltd., NEC Corporation, Nexans, Prysmian Group, SubCom, LLC, and Sumitomo Electric Industries, Ltd. The key strategies adopted by the major players of the submarine cables market are branding, contracts, and agreements.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the submarine cables market analysis from 2022 to 2032 to identify the prevailing submarine cables market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the submarine cables market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global submarine cables market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly update (only available with the purchase of an enterprise license)
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
  • 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
  • Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
  • Free report update, if the report is 6-12 months old or older.
  • 24-hour priority response
  • Free industry updates and white papers.

Key Market Segments

By Voltage

  • Medium Voltage
  • High Voltage

By Offering

  • Installation and Commissioning
  • Maintenance
  • Upgrades

By Application

  • Power Cables
  • Communication Cables

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Alcatel Submarine Networks
  • Fujitsu
  • HENGTONG GROUP CO.,LTD.
  • HMN Tech
  • JDR Cable Systems Ltd.
  • NEC CORPORATION
  • Nexans S.A.
  • Prysmian Group
  • SubCom, LLC
  • Sumitomo Electric Industries, Ltd.

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Government initiatives and investments
3.4.1.2. Increase in global connectivity demand
3.4.1.3. Surge in investment for offshore energy projects globally
3.4.2. Restraints
3.4.2.1. Geopolitical and security concerns
3.4.2.2. External threats and damages
3.4.3. Opportunities
3.4.3.1. Expansion of submarine cables in developing countries
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: SUBMARINE CABLES MARKET, BY VOLTAGE
4.1. Overview
4.1.1. Market size and forecast
4.2. Medium Voltage
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. High Voltage
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: SUBMARINE CABLES MARKET, BY OFFERING
5.1. Overview
5.1.1. Market size and forecast
5.2. Installation and Commissioning
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Maintenance
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Upgrades
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: SUBMARINE CABLES MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Power Cables
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Communication Cables
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: SUBMARINE CABLES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Voltage
7.2.3. Market size and forecast, by Offering
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Voltage
7.2.5.1.3. Market size and forecast, by Offering
7.2.5.1.4. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Voltage
7.2.5.2.3. Market size and forecast, by Offering
7.2.5.2.4. Market size and forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Voltage
7.2.5.3.3. Market size and forecast, by Offering
7.2.5.3.4. Market size and forecast, by Application
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Voltage
7.3.3. Market size and forecast, by Offering
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Voltage
7.3.5.1.3. Market size and forecast, by Offering
7.3.5.1.4. Market size and forecast, by Application
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Voltage
7.3.5.2.3. Market size and forecast, by Offering
7.3.5.2.4. Market size and forecast, by Application
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Voltage
7.3.5.3.3. Market size and forecast, by Offering
7.3.5.3.4. Market size and forecast, by Application
7.3.5.4. Rest of Europe
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Voltage
7.3.5.4.3. Market size and forecast, by Offering
7.3.5.4.4. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Voltage
7.4.3. Market size and forecast, by Offering
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Voltage
7.4.5.1.3. Market size and forecast, by Offering
7.4.5.1.4. Market size and forecast, by Application
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Voltage
7.4.5.2.3. Market size and forecast, by Offering
7.4.5.2.4. Market size and forecast, by Application
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Voltage
7.4.5.3.3. Market size and forecast, by Offering
7.4.5.3.4. Market size and forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Voltage
7.4.5.4.3. Market size and forecast, by Offering
7.4.5.4.4. Market size and forecast, by Application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Voltage
7.4.5.5.3. Market size and forecast, by Offering
7.4.5.5.4. Market size and forecast, by Application
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Voltage
7.5.3. Market size and forecast, by Offering
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Voltage
7.5.5.1.3. Market size and forecast, by Offering
7.5.5.1.4. Market size and forecast, by Application
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Voltage
7.5.5.2.3. Market size and forecast, by Offering
7.5.5.2.4. Market size and forecast, by Application
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Voltage
7.5.5.3.3. Market size and forecast, by Offering
7.5.5.3.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. SubCom, LLC
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Key strategic moves and developments
9.2. HMN Tech
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. NEC CORPORATION
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Alcatel Submarine Networks
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Prysmian Group
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Sumitomo Electric Industries, Ltd.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. Fujitsu
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. HENGTONG GROUP CO.,LTD.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Key strategic moves and developments
9.9. Nexans S.A.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. JDR Cable Systems Ltd.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Key strategic moves and developments
List of Tables
Table 01. Global Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 02. Submarine Cables Market for Medium Voltage, by Region, 2022-2032 ($Million)
Table 03. Submarine Cables Market for High Voltage, by Region, 2022-2032 ($Million)
Table 04. Global Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 05. Submarine Cables Market for Installation and Commissioning, by Region, 2022-2032 ($Million)
Table 06. Submarine Cables Market for Maintenance, by Region, 2022-2032 ($Million)
Table 07. Submarine Cables Market for Upgrades, by Region, 2022-2032 ($Million)
Table 08. Global Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 09. Submarine Cables Market for Power Cables, by Region, 2022-2032 ($Million)
Table 10. Submarine Cables Market for Communication Cables, by Region, 2022-2032 ($Million)
Table 11. Submarine Cables Market, by Region, 2022-2032 ($Million)
Table 12. North America Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 13. North America Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 14. North America Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 15. North America Submarine Cables Market, by Country, 2022-2032 ($Million)
Table 16. U.S. Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 17. U.S. Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 18. U.S. Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 19. Canada Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 20. Canada Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 21. Canada Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 22. Mexico Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 23. Mexico Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 24. Mexico Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 25. Europe Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 26. Europe Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 27. Europe Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 28. Europe Submarine Cables Market, by Country, 2022-2032 ($Million)
Table 29. UK Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 30. UK Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 31. UK Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 32. Germany Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 33. Germany Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 34. Germany Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 35. France Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 36. France Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 37. France Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 38. Rest of Europe Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 39. Rest of Europe Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 40. Rest of Europe Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 41. Asia-Pacific Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 42. Asia-Pacific Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 43. Asia-Pacific Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 44. Asia-Pacific Submarine Cables Market, by Country, 2022-2032 ($Million)
Table 45. China Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 46. China Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 47. China Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 48. Japan Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 49. Japan Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 50. Japan Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 51. India Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 52. India Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 53. India Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 54. South Korea Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 55. South Korea Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 56. South Korea Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 57. Rest of Asia-Pacific Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 58. Rest of Asia-Pacific Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 59. Rest of Asia-Pacific Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 60. LAMEA Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 61. LAMEA Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 62. LAMEA Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 63. LAMEA Submarine Cables Market, by Country, 2022-2032 ($Million)
Table 64. Latin America Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 65. Latin America Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 66. Latin America Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 67. Middle East Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 68. Middle East Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 69. Middle East Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 70. Africa Submarine Cables Market, by Voltage, 2022-2032 ($Million)
Table 71. Africa Submarine Cables Market, by Offering, 2022-2032 ($Million)
Table 72. Africa Submarine Cables Market, by Application, 2022-2032 ($Million)
Table 73. Subcom, LLC: Key Executives
Table 74. Subcom, LLC: Company Snapshot
Table 75. Subcom, LLC: Service Segments
Table 76. Subcom, LLC: Product Portfolio
Table 77. Subcom, LLC: Key Stratergies
Table 78. Hmn Tech: Key Executives
Table 79. Hmn Tech: Company Snapshot
Table 80. Hmn Tech: Product Segments
Table 81. Hmn Tech: Product Portfolio
Table 82. Hmn Tech: Key Stratergies
Table 83. Nec Corporation: Key Executives
Table 84. Nec Corporation: Company Snapshot
Table 85. Nec Corporation: Service Segments
Table 86. Nec Corporation: Product Portfolio
Table 87. Nec Corporation: Key Stratergies
Table 88. Alcatel Submarine Networks: Key Executives
Table 89. Alcatel Submarine Networks: Company Snapshot
Table 90. Alcatel Submarine Networks: Service Segments
Table 91. Alcatel Submarine Networks: Product Portfolio
Table 92. Alcatel Submarine Networks: Key Stratergies
Table 93. Prysmian Group: Key Executives
Table 94. Prysmian Group: Company Snapshot
Table 95. Prysmian Group: Service Segments
Table 96. Prysmian Group: Product Portfolio
Table 97. Prysmian Group: Key Stratergies
Table 98. Sumitomo Electric Industries, Ltd.: Key Executives
Table 99. Sumitomo Electric Industries, Ltd.: Company Snapshot
Table 100. Sumitomo Electric Industries, Ltd.: Product Segments
Table 101. Sumitomo Electric Industries, Ltd.: Product Portfolio
Table 102. Sumitomo Electric Industries, Ltd.: Key Stratergies
Table 103. Fujitsu: Key Executives
Table 104. Fujitsu: Company Snapshot
Table 105. Fujitsu: Service Segments
Table 106. Fujitsu: Product Portfolio
Table 107. Fujitsu: Key Stratergies
Table 108. Hengtong Group Co.,Ltd.: Key Executives
Table 109. Hengtong Group Co.,Ltd.: Company Snapshot
Table 110. Hengtong Group Co.,Ltd.: Service Segments
Table 111. Hengtong Group Co.,Ltd.: Product Portfolio
Table 112. Hengtong Group Co.,Ltd.: Key Stratergies
Table 113. Nexans SA: Key Executives
Table 114. Nexans SA: Company Snapshot
Table 115. Nexans SA: Service Segments
Table 116. Nexans SA: Product Portfolio
Table 117. Jdr Cable Systems Ltd.: Key Executives
Table 118. Jdr Cable Systems Ltd.: Company Snapshot
Table 119. Jdr Cable Systems Ltd.: Service Segments
Table 120. Jdr Cable Systems Ltd.: Product Portfolio
Table 121. Jdr Cable Systems Ltd.: Key Stratergies
List of Figures
Figure 01. Submarine Cables Market, 2022-2032
Figure 02. Segmentation of Submarine Cables Market, 2022-2032
Figure 03. Top Investment Pockets in Submarine Cables Market (2023-2032)
Figure 04. High Bargaining Power of Suppliers
Figure 05. Moderate Threat of New Entrants
Figure 06. Moderate Threat of Substitutes
Figure 07. High Intensity of Rivalry
Figure 08. Moderate Bargaining Power of Buyers
Figure 09. Drivers, Restraints and Opportunities: Globalsubmarine Cables Market
Figure 09. Submarine Cables Market, by Voltage, 2022 (%)
Figure 10. Comparative Share Analysis of Submarine Cables Market for Medium Voltage, by Country 2022 and 2032 (%)
Figure 11. Comparative Share Analysis of Submarine Cables Market for High Voltage, by Country 2022 and 2032 (%)
Figure 12. Submarine Cables Market, by Offering, 2022 (%)
Figure 13. Comparative Share Analysis of Submarine Cables Market for Installation and Commissioning, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Submarine Cables Market for Maintenance, by Country 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Submarine Cables Market for Upgrades, by Country 2022 and 2032 (%)
Figure 16. Submarine Cables Market, by Application, 2022 (%)
Figure 17. Comparative Share Analysis of Submarine Cables Market for Power Cables, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Submarine Cables Market for Communication Cables, by Country 2022 and 2032 (%)
Figure 19. Submarine Cables Market by Region, 2022
Figure 20. U.S. Submarine Cables Market, 2022-2032 ($Million)
Figure 21. Canada Submarine Cables Market, 2022-2032 ($Million)
Figure 22. Mexico Submarine Cables Market, 2022-2032 ($Million)
Figure 23. UK Submarine Cables Market, 2022-2032 ($Million)
Figure 24. Germany Submarine Cables Market, 2022-2032 ($Million)
Figure 25. France Submarine Cables Market, 2022-2032 ($Million)
Figure 26. Rest of Europe Submarine Cables Market, 2022-2032 ($Million)
Figure 27. China Submarine Cables Market, 2022-2032 ($Million)
Figure 28. Japan Submarine Cables Market, 2022-2032 ($Million)
Figure 29. India Submarine Cables Market, 2022-2032 ($Million)
Figure 30. South Korea Submarine Cables Market, 2022-2032 ($Million)
Figure 31. Rest of Asia-Pacific Submarine Cables Market, 2022-2032 ($Million)
Figure 32. Latin America Submarine Cables Market, 2022-2032 ($Million)
Figure 33. Middle East Submarine Cables Market, 2022-2032 ($Million)
Figure 34. Africa Submarine Cables Market, 2022-2032 ($Million)
Figure 35. Top Winning Strategies, by Year
Figure 36. Top Winning Strategies, by Development
Figure 37. Top Winning Strategies, by Company
Figure 38. Product Mapping of Top 10 Players
Figure 39. Competitive Dashboard
Figure 40. Competitive Heatmap: Submarine Cables Market
Figure 41. Top Player Positioning, 2022
Figure 42. Nec Corporation: Net Revenue, 2020-2022 ($Million)
Figure 43. Nec Corporation: Research & Development Expenditure, 2020-2022 ($Million)
Figure 44. Nec Corporation: Revenue Share by Segment, 2022 (%)
Figure 45. Nec Corporation: Revenue Share by Region, 2022 (%)
Figure 46. Alcatel Submarine Networks: Net Sales, 2020-2022 ($Million)
Figure 47. Alcatel Submarine Networks: Research & Development Expenditure, 2020-2022 ($Million)
Figure 48. Alcatel Submarine Networks: Revenue Share by Region, 2022 (%)
Figure 49. Alcatel Submarine Networks: Revenue Share by Segment, 2022 (%)
Figure 50. Prysmian Group: Net Revenue, 2020-2022 ($Million)
Figure 51. Prysmian Group: Revenue Share by Segment, 2022 (%)
Figure 52. Prysmian Group: Revenue Share by Region, 2022 (%)
Figure 53. Sumitomo Electric Industries, Ltd.: Net Sales, 2020-2022 ($Million)
Figure 54. Sumitomo Electric Industries, Ltd.: Revenue Share by Segment, 2022 (%)
Figure 55. Sumitomo Electric Industries, Ltd.: Revenue Share by Region, 2022 (%)
Figure 56. Fujitsu: Net Revenue, 2020-2022 ($Million)
Figure 57. Fujitsu: Revenue Share by Segment, 2022 (%)
Figure 58. Fujitsu: Revenue Share by Region, 2022 (%)
Figure 59. Nexans SA: Net Sales, 2020-2022 ($Million)
Figure 60. Nexans SA: Revenue Share by Segment, 2022 (%)
Figure 61. Nexans SA: Revenue Share by Region, 2022 (%)

Executive Summary

According to this report, the submarine cables market was valued at $7.4 billion in 2022, and is estimated to reach $14 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.

The submarine cables market is likely to experience a significant growth rate of 6.6% from 2023-2032 owing Surge in adoption of Industrial Internet of Things (IIoT), and increase in demand for reliable secured connectivity.

Submarine cables, also known as undersea or submarine communication cables, are specialized cables designed for the purpose of transmitting telecommunications signals and data across bodies of water, typically the world's oceans. These cables are critical for international communication and serve as the backbone of global telecommunications infrastructure. Submarine cables consist of a core made of fiber optic strands encased in protective layers, including insulation, shielding, and armor, to withstand the harsh underwater environment. The fiber optic technology used in these cables allows for the high-speed transmission of vast amounts of data, enabling global connectivity for voice, internet, and other communication services.

Submarine cables play a vital role in connecting continents and countries, facilitating reliable and high-capacity data transfer across long distances. They serve as the primary means of intercontinental communication, enabling seamless and real-time transmission of data, voice, and video signals. These cables are laid on the ocean floor, typically by specialized cable-laying vessels, and are designed to be durable and resistant to external factors such as water pressure, temperature variations, and potential damage from fishing activities or natural occurrences. By establishing a network of interconnected submarine cables, countries and regions can achieve efficient and secure global communication, supporting various sectors including business, finance, education, research, and entertainment.

The growth of the submarine cables market is primarily driven by the increasing demand for high-speed internet connectivity and data transmission across regions. The proliferation of digital services, cloud computing, and the Internet of Things (IoT) has led to a surge in data traffic, necessitating the deployment of robust and high-capacity submarine cable systems. Additionally, the expansion of data centers, advancements in fiber optic technology, the emergence of 5G networks, and the need for global connectivity in underserved regions are also key factors fueling the growth of the submarine cables market. These factors collectively contribute to the development and expansion of submarine cable infrastructure worldwide.

The submarine cables market presents significant growth opportunities for key players in the industry. The increasing demand for submarine cable infrastructure opens avenues for companies specializing in the design, manufacturing, and installation of submarine cables. As the market expands, there are opportunities for innovation in cable technology, such as higher data capacity and longer reach, to meet the evolving needs of global connectivity. Additionally, investments in emerging markets and the development of environmentally sustainable cable solutions provide further growth prospects. Furthermore, advancements in cable maintenance and repair technologies offer opportunities for service providers to enhance the efficiency and reliability of submarine cable networks. Overall, the growth of the submarine cables market creates a favorable landscape for key players to capitalize on the rising demand for global communication and data transmission.

The submarine cables market is segmented on the basis of offering, voltage, application, and region. On the basis of offering, the market is categorized into installation and commissioning, maintenance, and upgrades. On the basis of voltage, the market is bifurcated into medium voltage and high voltage. On the basis of application, the market is bifurcated into power cables and communication cables.

On the basis of region, the submarine cables market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)..

Competitive analysis and profiles of the major global submarine cables market players that have been provided in the report Advantech, Alcatel Submarine Networks (ASN), Fujitsu, HENGTONG GROUP CO.,LTD., HMN Tech, JDR Cable Systems Ltd., NEC Corporation, Nexans, Prysmian Group, SubCom, LLC, and Sumitomo Electric Industries, Ltd. For instance, in June 2023, Advantech, announced the launch of the AIW-300 series - the AIW-343. This 4G LTE Cat 4 wireless module from Advantech Industrial Wireless (AIW) is designed for AIoT applications requiring ubiquitous connectivity, dynamic mobility, and extreme security.

Key Market Insights

The global submarine cables market was valued at $7.41 billion in 2022, and is projected to reach $13.94 billion by 2032, registering a CAGR of 6.55% from 2023 to 2032. The medium voltage segment was the highest revenue contributor to the market, with $4.05 billion in 2022, and is estimated to reach $7.38 billion by 2032, with a CAGR of 6.2%.

The installation and commissioning segment was the highest revenue contributor to the market.

The power cables segment was the highest revenue contributor to the market, with $4.23 billion in 2022, and is estimated to reach $7.82 billion by 2032, with a CAGR of 6.36%.

Asia-Pacific was the highest revenue contributor, accounting for $3.17 billion in 2022, and is estimated to reach $6.26 billion by 2032, with a CAGR of 7.06%.

Companies Mentioned

  • Alcatel Submarine Networks
  • Fujitsu
  • HENGTONG GROUP CO.,LTD.
  • HMN Tech
  • JDR Cable Systems Ltd.
  • NEC CORPORATION
  • Nexans S.A.
  • Prysmian Group
  • SubCom, LLC
  • Sumitomo Electric Industries, Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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