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Global Submarine Optical Fiber Cables Market to reach USD 56.08 billion by the end of 2029.

Global Submarine Optical Fiber Cables Market Size study & Forecast, by Component (Wet Plant Products and Dry Plant Products), Type (Single Core and Multicore), Offering (Installation & Commissioning, Maintenance Others, and Upgrades), Voltage (Medium Voltage and High Voltage), and End User (Offshore Wind Power Generation and Offshore Oil & Gas) and Regional Analysis, 2022-2029

Product Code: ALTAWT-91671537
Publish Date: 24-04-2023
Page: 200

Global Submarine Optical Fiber Cables Market is valued at approximately USD 19.25 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.3% over the forecast period 2022-2029. Submarine Optical Fiber Cables Subsea cables are fiber optic cables that connect countries worldwide via cables laid on the ocean floor. The size of these cables range in thousands of miles and are capable of transmitting a large volume of data rapidly from one point to another. Moreover, optical fibers that carry data are covered in silicone gel, and are also covered in multiple layers of plastic, steel wiring, copper, and nylon to provide insulation which helps in protecting the signal as well as cable from the damage from wildlife, anchors , fishing, or any other natural calamities. The increasing smartphone penetration and growing demand for the internet and growing shift towards cloud-based service are the key factors driving the market growth.

Over the years the demand and adoption of smartphones have significantly increased. For instance – according to Statista – in 2020, the total number of smartphone subscribers worldwide was estimated at 4410.79 million, and this number reached 5006 million in 2022, and as per projections, the number of users would reach USD 6162.26 million by 2028. Also, increasing demand for HVDC submarine power cables and the growing deployment of high-capacity communications systems would create a lucrative growth prospectus for the market over the forecast period. However, disruptions in service due to a lack of redundancy stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Submarine Optical Fiber Cables Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the availability of robust high-speed internet infrastructure and the presence of leading market players operating in the submarine optical fiber cables in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising deployment of submarine optical fiber cables and the growing number of smartphone users in the region would offer a lucrative growth prospectus for the market in the region.

Major market player included in this report are:
Alkatel-Lucent Submarine Networks SAS
Cable & Wireless Communications Ltd.
Ciena Corporation
Fujitsu Limited
NEC Corporation
NTT World Engineering Marine Corporation
Orange Marine
S. B. Submarine Systems Co., Ltd.
Seaborn Networks LLC
Xtera Communications, Inc.

Recent Developments in the Market:
Ø In October 2022, NEC Corporation entered into a contract with U.K.-based Global Marine Systems Limited for an optical submarine cable-laying ship for a period of four years. Under this contract, NEC would work towards the deployment of submarine cable systems increasing global data traffic.

Global Submarine Optical Fiber Cables Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Type, Offering, Voltage, End User Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component
Wet Plant Products
Dry Plant Products
By Type
Single Core
Multicore
By Offering
Installation & Commissioning
Maintenance Others
Upgrades
By Voltage

Medium Voltage
High Voltage
By End User
Offshore Wind Power Generation
Offshore Oil & Gas

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Submarine Optical Fiber Cables Market, by Region, 2019-2029 (USD Billion)
1.2.2. Submarine Optical Fiber Cables Market, by Component, 2019-2029 (USD Billion)
1.2.3. Submarine Optical Fiber Cables Market, by Type, 2019-2029 (USD Billion)
1.2.4. Submarine Optical Fiber Cables Market, by offering, 2019-2029 (USD Billion)
1.2.5. Submarine Optical Fiber Cables Market, by Voltage, 2019-2029 (USD Billion)
1.2.6. Submarine Optical Fiber Cables Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Submarine Optical Fiber Cables Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Submarine Optical Fiber Cables Market Dynamics
3.1. Submarine Optical Fiber Cables Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing smartphone penetration and growing demand for internet
3.1.1.2. Growing shift towards cloud-based service
3.1.2. Market Challenges
3.1.2.1. Disruptions in service due to lack of redundancy
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for HVDC submarine power cables
3.1.3.2. Growing deployment of high-capacity communications systems
Chapter 4. Global Submarine Optical Fiber Cables Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Submarine Optical Fiber Cables Market, by Component
6.1. Market Snapshot
6.2. Global Submarine Optical Fiber Cables Market by Component, Performance – Potential Analysis
6.3. Global Submarine Optical Fiber Cables Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Submarine Optical Fiber Cables Market, Sub Segment Analysis
6.4.1. Wet Plant Products
6.4.2. Dry Plant Products
Chapter 7. Global Submarine Optical Fiber Cables Market, by Type
7.1. Market Snapshot
7.2. Global Submarine Optical Fiber Cables Market by Type, Performance – Potential Analysis
7.3. Global Submarine Optical Fiber Cables Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Submarine Optical Fiber Cables Market, Sub Segment Analysis
7.4.1. Single Core
7.4.2. Multicore
Chapter 8. Global Submarine Optical Fiber Cables Market, by offering
8.1. Market Snapshot
8.2. Global Submarine Optical Fiber Cables Market by offering, Performance – Potential Analysis
8.3. Global Submarine Optical Fiber Cables Market Estimates & Forecasts by offering 2019-2029 (USD Billion)
8.4. Submarine Optical Fiber Cables Market, Sub Segment Analysis
8.4.1. Installation & Commissioning
8.4.2. Maintenance Others
8.4.3. Upgrades
Chapter 9. Global Submarine Optical Fiber Cables Market, by Voltage
9.1. Market Snapshot
9.2. Global Submarine Optical Fiber Cables Market by Voltage, Performance – Potential Analysis
9.3. Global Submarine Optical Fiber Cables Market Estimates & Forecasts by Voltage 2019-2029 (USD Billion)
9.4. Submarine Optical Fiber Cables Market, Sub Segment Analysis
9.4.1. Medium Voltage
9.4.2. High Voltage
Chapter 10. Global Submarine Optical Fiber Cables Market, by End User
10.1. Market Snapshot
10.2. Global Submarine Optical Fiber Cables Market by End User, Performance – Potential Analysis
10.3. Global Submarine Optical Fiber Cables Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
10.4. Submarine Optical Fiber Cables Market, Sub Segment Analysis
10.4.1. Offshore Wind Power Generation
10.4.2. Offshore Oil & Gas
Chapter 11. Global Submarine Optical Fiber Cables Market, Regional Analysis
11.1. Submarine Optical Fiber Cables Market, Regional Market Snapshot
11.2. North America Submarine Optical Fiber Cables Market
11.2.1. U.S. Submarine Optical Fiber Cables Market
11.2.1.1. Component breakdown estimates & forecasts, 2019-2029
11.2.1.2. Type breakdown estimates & forecasts, 2019-2029
11.2.1.3. offering breakdown estimates & forecasts, 2019-2029
11.2.1.4. Voltage breakdown estimates & forecasts, 2019-2029
11.2.1.5. End User breakdown estimates & forecasts, 2019-2029
11.2.2. Canada Submarine Optical Fiber Cables Market
11.3. Europe Submarine Optical Fiber Cables Market Snapshot
11.3.1. U.K. Submarine Optical Fiber Cables Market
11.3.2. Germany Submarine Optical Fiber Cables Market
11.3.3. France Submarine Optical Fiber Cables Market
11.3.4. Spain Submarine Optical Fiber Cables Market
11.3.5. Italy Submarine Optical Fiber Cables Market
11.3.6. Rest of Europe Submarine Optical Fiber Cables Market
11.4. Asia-Pacific Submarine Optical Fiber Cables Market Snapshot
11.4.1. China Submarine Optical Fiber Cables Market
11.4.2. India Submarine Optical Fiber Cables Market
11.4.3. Japan Submarine Optical Fiber Cables Market
11.4.4. Australia Submarine Optical Fiber Cables Market
11.4.5. South Korea Submarine Optical Fiber Cables Market
11.4.6. Rest of Asia Pacific Submarine Optical Fiber Cables Market
11.5. Latin America Submarine Optical Fiber Cables Market Snapshot
11.5.1. Brazil Submarine Optical Fiber Cables Market
11.5.2. Mexico Submarine Optical Fiber Cables Market
11.5.3. Rest of Latin America Submarine Optical Fiber Cables Market
11.6. Rest of The World Submarine Optical Fiber Cables Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Alkatel-Lucent Submarine Networks SAS
12.2.1.1. Key Information
12.2.1.2. Overview
12.2.1.3. Financial (Subject to Data Availability)
12.2.1.4. Product Summary
12.2.1.5. Recent Developments
12.2.2. Cable & Wireless Communications Ltd.
12.2.3. Ciena Corporation
12.2.4. Fujitsu Limited
12.2.5. NEC Corporation
12.2.6. NTT World Engineering Marine Corporation
12.2.7. Orange Marine
12.2.8. S. B. Submarine Systems Co., Ltd.
12.2.9. Seaborn Networks LLC
12.2.10. Xtera Communications, Inc.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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