Global Submarine Communication Cables Market 2019 Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2028

The Research Report “Submarine Communication Cables Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028 ” provides information on pricing, analysis, shares, forecast, and company profiles for key industry participants. - ResearchReports.biz

Global nexus of communication cable is serving as spine of telecom industry worldwide. In this era of wireless communication, people often consider it purely satellite based systems, although the fact is that the cable communication still contributes over 95 percent to the global communication channels. These cables not only offer high speed communication but are also cheaper modes of data and voice transfers as compared to wireless. Also, these cables are less affected due to weather conditions which is a major supremacy over the wireless communication.

The communication among different countries majorly rely on the network submarine cables which are laid under water completing a channel between two continents. The first submarine cable was laid in 1850’s between U.K and France, however the first fully operational transoceanic communication cable was laid in 1866 between Ireland and Newfoundland (Canada) with a transfer speed of seven words per minute via telegraph. Later the introduction of fiber-optic cables revolutionised the submarine communication cables which are now capable of handling millions of simultaneous telephone calls and several terabytes of data transfer rate. Today, the world has a web of million miles of submarine cable across the oceans, connecting continents, islands and countries around the world. The modern submarine communication cable is around 25 mm which are used for deep ocean application and are typically unarmoured, while the diameter of an armoured fibre-optic cables may reach 50 mm for shallow water applications. The submarine communication cables are laid by specially-modified ships that carry the submarine cable on board and slowly lay it out on the seabed as per the planned. The process of laying a submarine communication cable generally starts from a landing station, where a long cable section is connected to the landing point and then the cable is extended out to a few miles in the sea. The other end of the cable is then further connected to the cable on the ship and then the ship starts its cable laying process. The cable layup process is very slow and the entire project takes years to complete.

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Submarine Communication Cables Market: Dynamics

Over the past few year, the data usage rate has increased tremendously and has nearly doubled in last two years. Further, the data consumption rate is expected to grow several time in coming years. This demand is largely driven by rapid increase in number of mobile users, social networking sites and a huge shift towards cloud services. Also, increasing information and technology exchange trade among countries around the world is one of the major factor propelling the global submarine communication cables market. Growing craze for faster bandwidth communication which is now reaching above 20-50 Gbps. Nowadays several market players are designing the systems with an eye over 100G technology, so it can be expected to evolve a new bandwidth technology in near future. Also, the growing demands of high speed communication channel has outdated the conventional or submarine cables which were laid just a decade ago which are expected to completely replaced by the newer technology cables.

On the other hand, researcher are emphasising to increase the capabilities of wireless or satellite based communication to provide high speed connectivity may hassle he growth of communication cables somewhat. Also, the submarine communication cables require frequent maintenance and continue monitoring as they are exposed to natural hazards such as submarine earthquakes, currents and waves, extreme weather, etc. Any fault in the line may stop the entire channel making overall system at risk.

Submarine Communication Cables Market: Segmentation

The global submarine communication cables are market can be segmented as:

On the basis of cable type;

-Unarmoured
-Armoured
-Single armoured
-Double armoured

On the basis of Ownership:

-Consortiums
-Private Enterprises
-Multilateral Development Banks

On the basis of project type

-New Projects
-Up gradations

On the basis of service

-Layup services/Installation
-Repair/Maintenance

Submarine Communication Cables Market: Region-Wise Outlook

In terms of geography, North America is anticipated to be the largest market due to high technology development and emphasis on the increasing information channel links with other countries. Also, the region has broad nexus of old submarine communication lines which are expected to be either replaced or modified in near future. Asia Pacific which is witnessing highest growth of data users and blooming IT service industry is anticipated to grow at the fastest rate in terms of both new projects and well as the replacement of the old lines. Growing infrastructure in several Middle East and African nations is expected to offer new opportunities to the submarine communication cable market players. Moreover, several private companies are anticipated to opt of private network for enhanced data security is expected to further strengthen the market.

Submarine Communication Cables Market: Market Participants

The submarine communication cables market is dominated by major technology giants catering their advanced technology products in the global market. Examples of some of the participants in the global submarine communication cables market are NEC Corporation, General Cable Technologies Corporation, OCC Corporation, Hengtong Marine Cable system, ZTT Group, Alcatel Submarine Networks, Inc. Nexans S.A., among others.

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MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

-Tailwinds and headwinds molding the market’s trajectory
-Market segments based on products, technology, and applications
-Prospects of each segment
-Overall current and possible future size of the market
-Growth pace of the market
-Competitive landscape and key players’ strategies

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-Assess the overall growth scope in the near term
-Strategize effectively with respect to production and distribution

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