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Surge In Telecom And Internet Subscriptions Fuels Growth In The Submarine Cable System Market : Strengthening the Growth Trajectory of the Submarine cable systems Market
Submarine cable systems
How Large Will the Submarine cable systems Market Size By 2025?
In recent years, the submarine cable systems market has witnessed substantial growth. The market that valued at $20.21 billion in 2024 is expected to hit $22.54 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%. This surge during the historical period can be ascribed to the rising demand for worldwide connectivity, the expansion of international trade, the progression of telecommunication infrastructure, necessities for energy transmission, and the spread of data centers.
How Big Is the Submarine cable systems Market Size Expected to Grow by 2029?
Over the coming years, the submarine cable systems market is poised for swift expansion. It's projected to reach a market value of $36.91 billion by 2029, bolstered by a compound annual growth rate (CAGR) of 13.1%. This broadened forecast period growth can be linked to factors such as the rapid advent of market connectivity in emerging economies, integration of renewable energy, deploying 5G networks, expanding telemedicine, and current digitalization trends. The upcoming trends that will define this projected period include a heightened focus on creating robust, fault-tolerant cable systems, establishing cross-border project collaborations, the rise of open cable system architectures, the adoption of intelligent cable monitoring and maintenance systems, and the appearance of environmentally friendly and sustainable submarine cable solutions.
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Which Key Market Drivers Powering Submarine cable systems Market Expansion and Growth?
The submarine cable system market is experiencing significant growth, largely due to the increasing number of telecom and internet subscriptions. These systems, which consist of cables laid on the seabed, facilitate the transmission of telecommunication signals to various locales, utilizing optical fiber technology. With the rapid surge in the use of smartphones over traditional desktops, the telecom and internet subscriptions industries have experienced notable growth. As an example, the GSM Association, a UK-based global industry organization, reported in October 2023 that monthly global mobile data use per user rose from 8.4 GB in 2021 to 11.3 GB in 2022. Consequently, the escalating number of telecom and internet subscriptions is propelling the market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Submarine cable systems Market?
Strategic alliances and the integration of high-end technologies are among the leading trends impacting the submarine cable system market. Businesses in this field are forming several partnerships to invent new technologies and items. For example, in July 2023, AquaComms, a telecommunications company from Ireland, collaborated with Meta and Microsoft, both US technology companies, and Vodafone, a British telecommunications company. This collaboration resulted in the creation of the Amitié undersea cable system, the first to establish a direct link from Boston to Europe and from Bordeaux to North America. Alcatel Submarine Networks built this high-capacity, 6783 km long cable with 16 fiber pairs and 400 Tbps, with landing points in Lynn (Massachusetts), Widemouth Bay (England), and Le Porge (France). Amitié provides new data connectivity alternatives between the US, UK, and France with a direct link from Boston to London and a carrier-neutral data center in Bordeaux for improved reliability across different routes. Advanced branching units also enable adaptable switching between landings.
What Are the Emerging Segments in the Submarine cable systems Market?
The submarine cable systems market covered in this report is segmented -
1) By Component: Wet Plant Products, Dry Plant Products
2) By Type: Multicore, Single Core
3) By Voltage: High Voltage, Medium Voltage
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 Cables, Repeaters, Cable Joints
2) By Dry Plant Products: Cable Landing Stations, Terminal Equipment, Power Feed Equipment
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Who Are the Global Leaders in the Submarine cable systems Market?
Major companies operating in the submarine cable systems market include Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Sumitomo Electric Industries Ltd., Fujitsu Limited, Saudi Ericsson Communications Company Ltd., NEC Corporation, Hengtong Group Co Ltd., TE Connectivity Ltd., Corning Incorporated, Prysmian SpA, Nexans S.A., Leoni Special Cables GmbH, NKT A/S, Apar Industries Ltd., Cablel Group Ltd., Tele-fonika Kable S.A., Hexatronic Cables & Interconnect Systems AB, SubCom LLC, The Okonite Company Inc., LS Cable & System Ltd., ZTT International Ltd., Alcatel Submarine Networks Company, JDR Cable Systems Ltd., Huawei Marine Networks Co Ltd, Xtera Communications Inc., Hesfibel SA, Norddeutsche Seekabelwerke GmbH, Amphenol Fiber Systems International, Elettra Communications Ltd., Kokusai Cable Ship Co Ltd., Global Marine Group Ltd., Orange S.A., PCCW Global Ltd., Aqua Comms Limited, Seaborn Networks LLC, Hawaiki Submarine Cable LP, Southern Cross Cable Network Ltd., MainOne Cable Company Limited, Angola Cables SA
Which are the Top Profitable Regional Markets for the Submarine cable systems Industry?
Asia-Pacific was the largest region in the submarine cable systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the submarine cable systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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