Global Submarine Cable Market Growth 2025-2031

Global Submarine Cable Market Growth 2025-2031

The global Submarine Cable market size is predicted to grow from US$ 5976 million in 2025 to US$ 14860 million in 2031; it is expected to grow at a CAGR of 16.4% from 2025 to 2031.

Submarine Cable is a wire wrapped with insulating material and laid on the seabed and river water for telecommunications transmission. Modern submarine cables use optical fibers as materials to transmit telephone and Internet signals.

Global Submarine Cable key players include ZTT Group, Prysmian, Nexans, ORIENT CABLE, etc. Global top four manufacturers hold a share about 40%.

Europe is the largest market, with a share over 40%, followed by China, and North America, both have a share over 40 percent.

In terms of product, Impregnated Paper Insulated Cable is the largest segment, with a share over 85%. And in terms of application, the largest application is Deep Sea, followed by Shallow Sea.

LP Information, Inc. (LPI) ' newest research report, the “Submarine Cable Industry Forecast” looks at past sales and reviews total world Submarine Cable sales in 2024, providing a comprehensive analysis by region and market sector of projected Submarine Cable sales for 2025 through 2031. With Submarine Cable sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Submarine Cable industry.

This Insight Report provides a comprehensive analysis of the global Submarine Cable landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Submarine Cable portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Submarine Cable market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Submarine Cable and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Submarine Cable.

This report presents a comprehensive overview, market shares, and growth opportunities of Submarine Cable market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Impregnated Paper Insulated Cable
Oil-filled Cable

Segmentation by Application:
Shallow Sea
Deep Sea

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Prysmian
Nexans
ZTT Group
ORIENT CABLE
Sumitomo Electric
Furukawa
Hengtong Group
NKT
WANDA CABLE GROUP
TFKable
Qingdao Hanhe Cable
KEI Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Submarine Cable market?

What factors are driving Submarine Cable market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Submarine Cable market opportunities vary by end market size?

How does Submarine Cable break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.