Press release
Subsea Cables Market Set to Surge Significantly During 2016-2026
The growth in subsea cables market is anticipated to grow largely as they are becoming increasingly important to interlink countries and are a source of promoting global economic growth, thereby driving the demand for subsea cables across the globe.
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Subsea Cables: Drivers & Restraints
The high reliability and high carrying capacity of subsea cables are making it economic in terms of cost and its usefulness. They are valued not only by the businesses that are building and operating them for profit, but also by national governments across the globe. The increasing reliability on the subsea cables is expected to drive the global subsea cables market in the coming years.
The major restraint in the global subsea cables market implies to be requirement of dozens of repairs each year, which happens less frequently compared to the terrestrial networks. Fishing and shipping activities are considered as a common threat to the subsea cables. Increasing natural disasters are also posing threat to the concerned industry.
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Subsea Cables: Region-wise Outlook
The global subsea cables market is expected to register a favourable growth for the forecast period, 2016?2026. Asia-Pacific is projected to endure its control on the global subsea cables market. The key regions in the global subsea cables market are projected to be Africa; Europe, SEA, and ME Intercontinental; Australia/New Zealand Intercontinental; Latin America; Trans-Atlantic; Trans-Pacific and Others.
Subsea Cables: Key Players
Some of the key market participants in global subsea cables market are Alcatel-Lucent Submarine Networks, Fujitsu Global, Huawei Marine Networks, NEC, Nexans, Norddeutsche Seekabelwerke and others.
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