Submarine Cable System Market in Asia Pacific Outlook to 2027 - Huawei Marine Networks, SubCom, NEC Corporation, Fujitsu Limited, Nokia Corporation, Prysmian Group, Mitsubishi Electric Corporation

This report focuses on the Submarine Cable System Market in Asia Pacific Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Submarine Cable System in Asia Pacific development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

APAC submarine cable systems market is expected to grow from US$ 5,612.6 Mn in 2017 to US$ 14,719.3 Mn by 2027 at a CAGR of 9.8% between 2018 and 2027.

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The Asia Pacific submarine cable systems market is experiencing a continuous growth and is anticipated to rise in the forthcoming years. These cables have been used for various types of communications and carry traffic such as internet data, telecommunications data as well as private data. Submarine cables have become an important component of the digital infrastructure and play vital roles in meeting the voracious demands for data.

Developments in the developing economies have been exponential in the recent few years whereas, in the already developed nations, the internet is considered to be the backbone of the entire digital infrastructure. Dependence on various industry verticals on the internet to serve better to their customers has been increasing resulting in the explosion of data traffic. An increase in the number of collaborations is anticipated to fuel the growth of submarine cable systems market with ample of opportunities for the industry players.

One of the prime factors that are driving the demands for optical fiber cables is the growing needs for fast and improved networking and network services and growing penetration of broadband connections among developed and developing countries. Governments of various countries worldwide have laid their stress on the reach of high-speed internet services in urban and rural areas of their countries. A fiber optic cable ensures maximum reach out of services with very less attenuations, higher bandwidths and greater reliability over longer distances as a result of which three has been a meteoric rise in its implementations in various corners of the globe.

Introduction in advance technologies, such as SMAC (Social, Mobility, Analytics, and Cloud), demand for higher bandwidth cables to ensure better connectivity. Despite from basic internet services, demand for accessing high bandwidth content such as HDTV sharing have also considerably increased over the past few years. Up-gradation from legacy network infrastructure to advanced network infrastructure for smoothly accessing such high-bandwidth content is thus boosting the demands of optical fiber cables across the globe. Therefore, the submarine cable systems market is anticipated to grow at a healthy rate during the forecast period.

Asia Pacific region accounted for the maximum market share in 2017. High penetration of internet and smartphones is set to favor higher infrastructural investments by the Government in the various industry sectors. Also, increasing penetration of electronic devices that would be connected on the network and a robust economic growth would allow for quicker and larger usage of internet by users in the country as compared to other countries. Among Asian countries, Hong Kong and China hold the highest market share in 2017, later followed by Singapore However, South Korea is anticipated to be the fastest growing country.

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Key players in the submarine cable systems market are taking measures to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the submarine cable systems market include huawei Marine Networks Co., Limited, NEC Corporation, Nokia Corporation, SubCom, LLC, Hengtong Group Co., Ltd, Nexans SA, Fujitsu Limited, Prysmian Group, Sumitomo Electric Industries, Ltd., and Mitsubishi Electric Corporation among others. Several other participants are also operational in submarine cable systems market that offers its customers with robust solutions, thereby catalyzing the demand of submarine cable systems market.

The report segments the Asia Pacific submarine cable systems market as follows:

1.1.1 Asia Pacific Submarine Cable Systems Market – By Service
• Installation
• Maintenance & Upgrade

1.1.2 Asia Pacific Submarine Cable Systems Market – By Application
• Communication
• Energy & Power

1.1.3 Asia Pacific Submarine Cable Systems Market – By Country
• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Singapore
• Hong Kong
• Rest of Asia Pacific

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