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Comprehensive Undersea Cabling Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Undersea Cabling Market
The undersea cabling market is being stimulated by the increasing need for inter-country and island connections. Better international connectivity has led to the expansion of fixed broadband penetration, ranking it among the top in the region. There's a large consumer base utilizing FTTP-based services. The Washington State Department of Transportation, a United States governmental body, noted in January 2024 that Washington State Ferries witnessed a surge of over 1.3 million passengers in 2023 compared to the previous year. This led to an annual ridership increase of 7.4%, reaching almost 18.7 million. This rise demonstrates a significant year-over-year recovery in ferry usage. Consequently, the anticipated growth in inter-country and island connections is projected to boost the undersea cabling market throughout the forecasted timeline.
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What is the projected compound annual growth rate (CAGR) of the undersea cabling market from 2025 to 2034, and what factors influence it?
The market size for undersea cabling has been expanding swiftly over the recent years, experiencing growth from $20.89 billion in 2024 to a projected $23.56 billion in 2025, yielding a compound annual growth rate (CAGR) of 12.8%. The surge in growth during the historic period is due to factors such as global internet demand, furtherance of telecommunication, data center connectivity, international trade and commerce, and the expansion of international trade routes.
The market for undersea cables is projected to experience a significant surge in the coming years, with a valuation expected to hit $38.42 billion by 2029, indicating a compound annual growth rate (CAGR) of 13.0%. Multiple factors are expected to fuel growth in the forecasted period, from 5G network implementation, advancements in submarine fiber optics, renewable energy schemes, to the emergence of remote work and telemedicine, and resilience to climate change. Key trends anticipated during this period include an upsurge in cable capacity, diversification of cable routes, the establishment of global internet exchange points, the launch of 5g connectivity, and the blend of fiber-optic and power cables.
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How are the latest trends influencing the growth of the undersea cabling market?
The undersea cabling market is being influenced by the advent of faster connectivity through 5G in undersea cabling solutions. To illustrate, global telecommunication giants, Bharati Airtel and Reliance Jio, invested in enhancing the capability of subsea cable systems in February 2022. They did this to foster the development of 5G networks with low latency, slated for deployment in the incoming financial year. Bharti Airtel has allied with the SEA-ME-WE-6 underwater cable consortium to amplify the high-speed capacity of its network, thereby fostering growth in India's digital economy. Conversely, Reliance Jio has made use of its IAX cable system network to establish direct connections from the Maldives to nations such as India and Singapore.
What are the major segments of the undersea cabling market and their role in driving growth?
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
Subsegments:
1) By Wet Plant Products: Submarine Fiber Optic Cables, Repeaters, Cable Accessories, Cable Landing Stations
2) By Dry Plant Products: Optical Amplifiers, Terminal Equipment, Power Feed Equipment, Network Management Systems
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Which regions are key players in the growth of the undersea cabling market?
North America was the largest region in the undersea cabling market share in 2024. 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.
Who are the key firms paving the way for growth in the undersea cabling market?
Major companies operating in the undersea cabling market include 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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What Is Covered In The Undersea Cabling Global Market Report?
•Market Size Forecast: Examine the undersea cabling market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the undersea cabling market for a structured understanding.
•Key Players Overview: Analyze major players in the undersea cabling market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the undersea cabling market.
•Segment Contributions: Evaluate how different segments drive overall growth in the undersea cabling market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the undersea cabling market.
•Industry Challenges: Identify potential risks and obstacles affecting the undersea cabling market.
•Competitive Landscape: Review strategic developments in the undersea cabling market, including expansions, agreements, and new product launches.
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