Global Submarine Fiber Cable Market 2024-2028
The submarine fiber cable market is forecasted to grow by USD 5.93 bn during 2023-2028, accelerating at a CAGR of 13.02% during the forecast period. The report on the submarine fiber cable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid developments in telecommunication networks, an increasing need for higher network bandwidth, and a growing demand for cloud-based services.
Technavio's submarine fiber cable market is segmented as below:
By Source
- Consortia
- Private enterprises
- Governments and development banks
By Service Type
- Installation
- Maintenance
- upgrade
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the declining installation costs of submarine fiber cable as one of the prime reasons driving the submarine fiber cable market growth during the next few years. Also, investments by MNCs in building their networks and growing offshore renewable energy installations will lead to sizable demand in the market.
The report on the submarine fiber cable market covers the following areas:
- Submarine fiber cable market sizing
- Submarine fiber cable market forecast
- Submarine fiber cable market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submarine fiber cable market vendors that include Cenergy Holdings SA, Corning Inc., Hengtong Group Co. Ltd., Hexatronic Group AB, HOC, Jiangsu Hengtong Au Optronics Co., Jiangsu Zhongtian Technology Co Ltd, Kflex Cables and Conductors, NEC Corp., Nexans SA, NKT AS, OCC Corp., Prysmian Spa, Qingdao Hanhe Cable Co. Ltd., Sopto Technology Co. Ltd., SSG cable group, Tratos Cavi S.p.A., and VERI CABLE IMPORT AND EXPORT Co. LTD. Also, the submarine fiber cable market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.