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Submarine Cable System Market Emerging Trends 2027 | Leading Players Huawei Marine Networks, Subcom, Fujitsu Limited, Hengtong Group, Nexans SA, Prysmian Group

09-30-2019 05:53 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Submarine Cable System Market

Submarine Cable System Market

The focus on the development of submarine cable systems has grown from strength to strength in the last decade. There have been few notable factors that have resulted in significant growth of submarine cable systems market in recent times. The international bandwidth has grown at an average of close to 40% year on year from 2012 to 2016, which has boosted the penetration of various international players in the Asia Pacific region which has reflected the growth of submarine cable systems market. The internet, as well as the voice operators, have witnessed impressive growth in the traffic. Also, various content, as well as cloud service providers, have had a remarkable impact on data traffic growth. Amazon, Google, Apple, Facebook, and Microsoft are the significant contributors to this increased data traffics. These content and the cloud service providers use the international submarine cable infrastructures for distributing their contents through the servers located in the data centers, closer to the end-user, thereby enhancing their internet experience. Interconnecting these data centers require the usage of submarine cable systems. The increase in the usage of underwater cables by these content and cloud service providers have allowed the submarine cable systems market to propel year on year in the Asia Pacific region. In addition, the establishment of well-established players as well as emerging players in the region offering submarine cable systems is facilitating the submarine cable systems market to witness upswing in the recent scenarios.

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Submarine cable systems market in Asia Pacific is estimated to grow from US$ 5.6 Bn in 2017 to reach US$ 14.7 Bn by the end of 2027. This represents a CAGR of 9.8% during the forecast period from 2018 – 2027.

Companies Mentioned in this report are: Huawei Marine Networks, Subcom, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong Group, Sumitomo Electric Industries, Nexans SA, Prysmian Group, Mitsubishi Electric Company.

Asia Pacific comprises of various emerging economies where the Governments in the recent times are support various policies for enabling economic growth. Digitalization of the economy has taken center stage in majority of the countries such as India, china, Vietnam, Hong Kong, Malaysia, and Indonesia. The power of internet is being harnessed for enabling rapid economic progress in the countries. As a result, many submarine cable system deployments are being witnessed currently in the Asia Pacific region. The Malaysia, Combodia, Thailand (MCT) submarine cable system, and the NEC supported submarine cable system for connecting Chennai with Andaman & Nicobar Islands are few examples of ongoing submarine cable system deployments in APAC market.

Government in both developed and developing economies are focusing on enhancing targets of broadband coverage and internet capabilities in both rural and urban areas, government are aggressively spending on digital infrastructure, expanding network capabilities for efficiently rolling out new technologies and connecting citizens with broadband and technology, which will also indirectly boost the growth of other industry as well. Developing economies such as India and China are one of the prime examples of countries where governments are taking positive steps for fostering adoption of optical fiber cables as well as the underlying submarine cable systems to provide interconnection to the terrestrial networks

The APAC submarine cable systems market has been segmented on the basis of service, and application. On the basis of service, the market has been segmented into installation services, and maintenance & upgrade services. The submarine cable system finds its applications into the communication sector and also in the energy & power sector. The top companies operating in the field of submarine cable system include Alcatel (Nokia Networks), NEC Corporation, TE Subcom, and others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for the submarine cable system to expand over the years in terms of revenue.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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