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:
- 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
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
Table of Contents
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