Undersea Cabling Market Size, Segmentation, Regional Analysis, Key Drivers, Top Trends And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Undersea Cabling Global Market Report 2023 identifies growing demand for inter-country and island connections as the major driver for the undersea cabling market's growth in the forecast period. With improved international connectivity, fixed broadband penetration has become amongst the very best within the region. A large number of consumers access FTTP-based services.

The global undersea cabling market size grew from $18.27 billion in 2022 to $23.74 billion in 2023 at a compound annual growth rate (CAGR) of 29.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global undersea cabling market is expected to grow to $77.66 billion in 2027 at a CAGR of 34.5%.

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Major competitors in the undersea cabling market are Alcatel-Lucent Enterprise, Tyco Electronics Ltd., NEC Group, The Nippon Telegraph and Telephone Corporation, Fujitsu Global, Nexans S.A., Prysmian Group.

A key trend in the undersea cabling market includes faster connectivity with 5G in undersea cabling solutions. For instance, in February 2022, Bharati Airtel and Reliance Jio, global telecommunication companies have invested in improving submarine cable systems' capacity to develop the low-latency of 5G networks that are expected to roll out in the next fiscal year. Bharti Airtel has joined the SEA-ME-WE-6 undersea cable consortium to improve its network's highspeed capacity which helps in growing India's digital economy and Reliance Jio's cable system IAX network helps in connecting Maldives directly to the countries like India and Singapore.

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The undersea cabling market is segmented -
1) By Component: Wet Plant Products, Dry Plant Products

2) By Voltage: Medium Voltage, High Voltage

3) By Type: Singlecore, Multicore

4) By Application: Communication Cables, Power Cables

5) By End-User: Offshore Wind Power Generation, Inter-Country And Island Connection, Offshore Oil And Gas

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the undersea cabling market.

The Business Research Company's "Global Undersea Cabling Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Undersea Cabling Market Include:
1. Executive Summary
2. Undersea Cabling Market Characteristics
3. Undersea Cabling Market Trends And Strategies
4. Undersea Cabling - Macro Economic Scenario
5. Undersea Cabling Market Size And Growth
……
26. Africa Undersea Cabling Market
27. Undersea Cabling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Undersea Cabling Market
29. Undersea Cabling Market Future Outlook and Potential Analysis
30. Appendix

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