Submarine Optical Fiber Cable Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The submarine optical fiber cable market is valued at USD 3.63 billion in the current year and is expected to register a CAGR of 12.1%, reaching USD 6.42 billion during the forecast period.
Key HighlightsThe submarine optical fiber cable market is highly fragmented, with the presence of major players like Google LLC (Alphabet Inc.), NEC Corporation, Nexans SA, Fujitsu Ltd, and NTT Communications and Corporation. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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