Submarine Cable Systems Market - By Component (Dry Plant Product, Wet Plant Product), By Offering (Cable Installation, Cable Maintenance & Repair, Upgrade), By Deployment (Shallow Water, Deep Water), By Application, By End User & Forecast, 2024

Description

Submarine Cable Systems Market size is expected to record over 9.5% CAGR between 2024 and 2032, driven by technological advancements in cable designs along with the growth of cloud computing and data centers.

Innovations are improving the durability, capacity, and efficiency of these cables for enabling faster and more reliable data transmission across oceans. Engineers are developing cables with advanced materials and designs to meet the increasing demands of global connectivity. Simultaneously, the expansion of cloud computing and data centers is driving the need for more robust submarine cables to handle the growing volume of data traffic. For instance, in October 2023, Orange introduced the AMITIE subsea cable for offering a distinctive and resilient transatlantic solution with ultra-low latency. This new cable is designed to enhance global connectivity and improve data transmission efficiency between continents.

The submarine cable systems industry is segmented into component, offering, deployment, application, end user, and region.

The market share from the upgrade services offering segment is expected to witness substantial growth through 2032, owing to increasing demand for enhancing existing infrastructure to meet the evolving demands. Engineers are assessing and improving several technologies for ensuring that the systems can handle increasing data volumes and support new applications. In addition, the preference for upgrade services is expanding as it includes more sophisticated monitoring and maintenance techniques to enhance the overall efficiency of underwater communication networks.

In terms of application, the submarine cable systems market value from the submarine power cables segment is slated to generate notable revenue during 2024-2032 due to rising deployment to transmit electricity across bodies of water for connecting power grids and facilitating the transfer of energy between regions. These cables serve various applications including linking offshore wind farms to mainland grids and connecting remote islands to the main power network. With ongoing technological advancements, the design and installation of submarine power cables is further optimizing global energy networks and advancing sustainable energy solutions.

North America submarine cable systems industry size is likely to record a notable CAGR through 2032 driven by economic growth in emerging regions and the strategic investments by leading telecom operators. The ongoing expansion of digital infrastructure in emerging regions is driving the increased demand for high-capacity undersea cables to support the growing data needs. The ongoing efforts for expanding networks to better integrate North America with global communication routes for ensuring robust and scalable connectivity will favor the product demand.

Product Code: 9867

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360°synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component provider
- 3.2.2 Manufacturer
- 3.2.3 Distribution channel
- 3.2.4 End user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for high-speed internet
  - 3.8.1.2 Expansion of offshore wind power
  - 3.8.1.3 Increasing investments in renewable energy
  - 3.8.1.4 Rise in the adoption of cloud-based services
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Complex repairing procedures
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Dry plant product
5.3 Wet plant product

Chapter 6 Market Estimates & Forecast, By Offering, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Cable installation services
6.3 Cable maintenance and repair services
6.4 Upgrade services

Chapter 7 Market Estimates & Forecast, By Deployment, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Shallow water
7.3 Deep water

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 Submarine power cables
8.3 Submarine communication cables

Chapter 9 Market Estimates & Forecast, By End User, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 Offshore wind power generation
9.3 Inter country & island connection
9.4 Offshore oil & gas

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 Australia
- 10.4.5 South Korea
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Alcatel-Lucent Submarine Networks (ASN)
11.2 ARCOS-1 (Americas Region Caribbean Optical-Ring System)
11.3 Asia Direct Cable (ADC)
11.4 Corning Incorporated
11.5 Fujitsu Limited
11.6 Global Marine Systems
11.7 Gulf Bridge International (GBI)
11.8 Hengtong Marine Cable Systems
11.9 Huawei Marine Networks
11.10 Kokusai Cable Ship Co., Ltd.
11.11 NEC Corporation

Submarine Cable Systems Market - By Component (Dry Plant Product, Wet Plant Product), By Offering (Cable Installation, Cable Maintenance & Repair, Upgrade), By Deployment (Shallow Water, Deep Water), By Application, By End User & Forecast, 2024 - 2032