Undersea Cabling Market 2024 - By Size, Share, Trends And Growth Prospects 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Undersea Cabling Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $34.82 billion In 2028 At A CAGR Of 13.2% :

The undersea cabling market size has grown rapidly in recent years. It will grow from $18.69 billion in 2023 to $21.23 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to global internet demand, telecommunication expansion, data center connectivity, international trade and commerce, international trade routes..

The undersea cabling market size is expected to see rapid growth in the next few years. It will grow to $34.82 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to 5g network deployment, renewable energy projects, submarine fiber optic advancements, remote work and telemedicine, climate change resilience.. Major trends in the forecast period include increased cable capacity, diverse route expansion, global internet exchange points ,5g connectivity, hybrid fiber-optic and power cables..

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Undersea Cabling Market Major Segments
The undersea cabling market covered in this report 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

Key Driver - Undersea Cabling Market Driven By Growing Demand For International Connectivity

Growing demand for inter-country and island connections is driving an undersea cabling market. 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. For instance, in 2021, French Polynesia, an overseas collectivity of France, has one of the most advanced telecoms infrastructures in the Pacific Islands region. The first submarine cable was deployed in 2010 and extra cables are connected to the islands in subsequent years, vastly improving French Polynesia's international connectivity. Approximately 43% of the country's mobile connections are on 3G networks, while LTE accounts for 12%. By 2025, LTE is predicted to account for quite half of all connections. It is also estimated that 77% of mobile subscribers have smartphones by 2025.

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Prominent Trend - Development In 5G Connectivity

Faster connectivity with 5G in undersea cabling solutions are shaping the undersea cabling market. 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.

Undersea Cabling Market Players
Major companies operating in the undersea cabling market include Alcatel-Lucent S.A., Tyco Electronics Ltd., NEC Group, Nippon Telegraph and Telephone Corporation, Huawei Technologies Co. Ltd., Infinera Corporation, Fujitsu Limited, Nexans S.A., NKT A/S, Prysmian Group, Corning Incorporated, Hexatronic Group AB, Jiangsu Zhongtian Technology Co. Ltd., LS Cable & System Ltd., SubCom LLC, Alcatel Submarine Networks Inc., TE SubCom LLC, Xtera Communications Inc., Hengtong Group Co. Ltd., Huawei Marine Networks Co. Ltd., Ciena Corporation, Optical Cable Corporation (OCC), Global Marine Group, Sumitomo Electric Industries Ltd., RTI Connectivity Pte. Ltd., Aqua Comms Limited, Hawaiki Submarine Cable LP, Seaborn Networks Inc., Southern Cross Cable Network, Vocus Group Limited, PCCW Global Ltd., MainOne Cable Company, Angola Cables S.A., Seacom Limited, Telxius Telecom S.A.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the undersea cabling market share in 2023. The Asia-Pacific was the second-largest market in the undersea cabling market. The regions covered in the undersea cabling market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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

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