Global Marine Cables and Connectors Market Anticipated to Expand at a CAGR of 5.3% by 2025
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Ever since the first underwater cable was implemented in 1850 to deliver telegraphy traffic, marine cables and connectors have been playing a vital role in the integration of various sub-systems and systems across a number of industry verticals. In the recent years, the vast rise in the demand for reliable high performance, connectivity, and efficiency has been enhancing the growth of the marine cables and connectors market. Fiber-optic cables are being widely adopted in the telecommunication industry due to their advantages such as efficient data transfer and high-speed data transfer capabilities.
The global marine cables and connectors market was estimated at US$ 8869.8 Mn in the year of 2016 and is anticipated to expand at a CAGR of 5.3% throughout the forecast year from 2017 to 2025.
Cables to Continue to Account for Higher Share in Revenue
The global marine cables and connectors market has been segmented on the basis of type, underwater depth, end-use industry, and geography. On the basis of type, the market is broadly analyzed for cables and connectors. In 2016, the segment of cables accounted for the maximum market share in terms of revenue. The segment is also estimated to witness the most promising growth opportunity over the report’s forecast period. The connector segment is also expected to show substantial growth during the forecast period due to rise in applications with advancement in power transmission and telecommunication industry.
In terms of underwater depth, the marine cable and connector market is segmented into beach joint 1, beach joint 2, burial, and freelay. In 2016, the beach joint 2 segment held the dominant share in the global market and is also expected to expand at a high CAGR during the forecast period. This is mainly due to the vast increase in installation of power and telecommunication network lines in this under-water depth. Based on end-use industry verticals, the market is segmented into oil and gas, military and defense, telecommunication, and power transmission. In 2016, telecommunication industry accounted for the dominant market share, and is also predicted to expand at a healthy CAGR during the forecast period.
The report also includes key market indicators in the marine cables and connectors market.
Porter’s five forces analysis is also included in the report. Value chain analysis which identifies the key participants in the marine cables and connectors is also covered in the report. The marine cables and connectors market report covers segment wise comparison matrix and market positioning analysis for all regions covered in the scope of our research. The report also includes market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
The report includes competition landscape which covers competition matrix, market positioning analysis of major players in the global marine cables and connectors market based on their 2016 revenues, profiling of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are included to explain the company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
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Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The global marine cables and connectors market is dominated by players such as TE Connectivity, Inc., Eaton Corporation Plc., Fujitsu Limited, SAMCO Inc., Molex, Scorpion Oceanics, Teledyne Marine, Huawei Marine, General Cable Company, ZTT Corporation and Nexans. Other significant players in the market include SAMCO Inc., Sea and Land Technologies Pte. Ltd., SEACON, HESFIBEL, Hengtong Optic-Electric Co., Ltd., Axon Cable and OCC Corporation among others.
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