Global Submarine Optical Fiber Cable Market growing at a CAGR of 13.8% from 2023 to 2030
Category : IT And Telecommunications | Published Date : Jun 2023
Key Market Overview
The Global Submarine Optical Fiber Cable Market was valued at USD 19,214.71 Million in 2022 and is expected to register a compound annual growth rate of 13.8% to reach USD 53,082.13 Million in 2030.
The report highlights the increasing adoption of Submarine Optical Fiber Cables in telecommunication and oil & gas industry. Consegic Business Intelligence provides an inclusive research report on the Submarine Optical Fiber Cable market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Submarine Optical Fiber Cable Market By Overview
The report analyses significant segments such as type, product type, component, offering, end use, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of deep sea fiber optic cable for long distance communication. Moreover, the installation and commissioning of submarine fiber cable for high speed connectivity is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for high-speed internet
- Increasing government initiatives and investment in digitalization
Restraints:
- High installation and maintenance cost
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Deep Sea Fiber Optic Cable and Shallow Sea Fiber Optic Cable |
| By Product Type | Single Core and Multicore |
| Component | Wet Plant Products and Dry Plant Products |
| Offering | Installation & Commissioning, Maintenance, and Upgradation |
| End Use | Communication, Oil & Gas, Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The Global Submarine Optical Fiber Cable Market is highly competitive due to the presence of major players such as Fujitsu Limited, NEC Corporation, Ciena Corporation, SubCom, Xtera, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Submarine Optical Fiber Cable Market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Fujitsu Limited
- NEC Corporation
- Ciena Corporation
- ABB Ltd
- SubCom
- Xtera
- Alcatel-Lucent Submarine Networks SAS
- Cable & Wireless Communications Ltd.
- NTT World Engineering Marine Corporation
- S. B. Submarine Systems Co., Ltd.
- Seaborn Networks LLC