Key Highlights
• The economic backdrop, the regulatory environment, and the desire for service providers to improve the experience for consumers through lowering latency, together with the fact that more enterprises are storing data locally, are driving the submarine cable systems industry. All of these facts indicate huge investment potential within the APAC data centre industry. With the growing demand for new enterprises including social networking platforms and cloud storage, the economic model for undersea cable systems is expanding. In the Transatlantic path, internet behemoths have mostly avoided direct infrastructure expenditures in favour of purchasing power from administrators, leading to a slower rate of development relative to other regions.
• The globe's submarine cable system industry was worth USD 16.73 billion in 2022 & is expected to be worth USD 42.32 billions by 2032, with a notable CAGR of 10.35% during 2023 and 2032.
• Sept’22 - The BaCISC (Batam-Sarawak internet cable system) was launched by international provider Irix. It is a private undersea cable system that connects Malaysia and Indonesia.
• The swift implementation of 5G broadband connections in developing nations is expected to drive market growth in forthcoming years. Other factors driving market expansion include expanding offshore energy production projects, rising internet use, market entry of competitive companies, increasing investments in wind power projects, and emerging economies. Furthermore, increasing worldwide demand for reliable power transmission is fuelling market growth. The market's consistent expansion can be ascribed to improvements in maintenance services and the implementation of modern technology in submarine cable installation.
Scope of the Industry Profile
Key Players
• SubCom LLC
• NEC Corporation
• Nexans S.A.
• Huawei Marine Networks Co., Ltd.
• JDR Cable System Ltd
• Hexatronic Cables & Interconnect Systems
• Corning Incorporated
• Hengtong Group Co
• Saudi Ericsson
• ZTT
• The Okonite Company
• TE Connectivity
• Prysmian Group
• Apar Industries
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Submarine Cable System market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Submarine Cable System market.
3. Leading company profiles reveal details of key Submarine Cable System market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Submarine Cable System market with forecast for decade by both market share (%) & revenue (USD Million).
Segmentation
By Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage
By System
• Dry Plant
• Wet Plant
By Transmission
• Electric Power
• Communication Signals
By Insulation
• Cross-linked Polyethylene (XLPE)
• Oil Impregnated Paper
• Resin Impregnated Paper (RIP)
• Resin Impregnated Synthetics (RIS)
By Depth
• 0 to 500M
• 500M to 1000M
• 1000M to 5000M
• Others
By End-User
• Intercountry & Island Connection
• Offshore Oil & Gas Industry
• Offshore Wind Power Generation Industry
Recent Developments
• Sept’22 - Google has launched the Equiano submarine cable, which interconnects Western Europe with South Africa for $1 billion. The submarine cable is 15,000 km long and has an intended speed of 150 Tpbs.
• Aug’22 - STC (Saudi Telecommunication Company) has launched Saudi Vision Cable, the red sea's first high-speed undersea cable. The Saudi Vision submarine cable extends for nearly 1.1 million metres, with Jeddah operating as the first landing station.
• July’22 - Southern Cross Cables recently unveiled the Southern Cross NEXT Submarine Cable, which interconnects Australia to the United States. It will provide connectivity to the rest of the globe for the people and societies of Australia, New Zealand, and the Pacific Islands. Southern Cross partnered with Ciena to put the NEXT submarine cable into operation.
• July’22 - NTT Ltd Japan Corporation, Mitsui & Co Ltd, PC Landing Corporation, and JA Mitsui Leasing Ltd announced the formation of a new firm, 'Seren Juno Network Co Ltd'. This firm seeks to build and sustainably operate ‘JUNO’ a new trans-Pacific submersible cable system. This system will connect the United States with Japan & is designed to support the digital economy.
• June’22 - Etihad Etisalat Co., agreed a MoU for the construction of the first bidirectional underwater cable link linking Saudi Arabia and Egypt. The decision to develop an innovative submarine cable system was driven by increased communication traffic.
Segment Insights
• With rising communication traffic and a growing need for effective electrical transmission around the world, the need of high voltage cable categories will rise in the coming years. The dry plant category generates the most revenue in the worldwide market. Recent advances in the category of dry plant, including greater aluminium conductors and smart cable distribution, have propelled the dry plant segment's expansion. The installation market is expanding rapidly as a result of an increase in submarine cable projects around the world. This new service category includes trenching, ploughing, and blowing for installation objectives. The service includes anchoring or covering undersea cables at the bottom.
Regional Insight
• Asia Pacific monitors the global market for submarine cable systems. Renewable energy sources such as wind power are being expanded in major nations such as India, China, and Japan. China is the market's biggest contributor. Japan, on the other hand, will likely dominate during the period of forecasting due to increased industrial investment. The presence of the major contenders in Asia Pacific adds to market growth.
• During the predicted period, North America is estimated to grow at a noteworthy rate. Rapid adoption of cloud-based services is assisting the North American market's growth. Furthermore, the installation of smart systems as additionally driving market growth in North America.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY VOLTAGE
6.1 Global Market Revenue & Share Analysis, By Voltage
6.1.1 Medium Voltage
6.1.2 High Voltage
6.1.3 Extra-High Voltage
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY SYSTEM
7.1 Global Market Revenue & Share Analysis, By System
7.1.1 Dry Plant
7.1.2 Wet Plant
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY TRANSMISSION
8.1 Global Market Revenue & Share Analysis, By Transmission
8.1.1 Electric Power
8.1.2 Communication Signals
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY INSULATION
9.1 Global Market Revenue & Share Analysis, By Insulation
9.1.1 Cross-linked Polyethylene (XLPE)
9.1.2 Oil Impregnated Paper
9.1.3 Resin Impregnated Paper (RIP)
9.1.4 Resin Impregnated Synthetics (RIS)
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY DEPTH
10.1 Global Market Revenue & Share Analysis, By Depth
10.1.1 0 to 500M
10.1.2 500M to 1000M
10.1.3 1000M to 5000M
10.1.4 Others
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY END-USER
11.1 Global Market Revenue & Share Analysis, By End-User
11.1.1 Intercountry & Island Connection
11.1.2 Offshore Oil & Gas Industry
11.1.3 Offshore Wind Power Generation Industry
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 SUBMARINE CABLE SYSTEM MARKET
OVERVIEW, BY REGION
12.1 Global Market Revenue & Share Analysis, By Region
12.1.1 North America
12.1.2 Europe
12.1.3 Asia Pacific
12.1.4 Middle East & Africa
12.1.5 South America
12.2 Global Market Revenue & Share Analysis, 2018 – 2022
12.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
12.4 Key Takeaways
13 NORTH AMERICA MARKET
ANALYSIS
13.1 North America Market Revenue & Share Analysis, By Voltage
13.2 North America Market Revenue & Share Analysis, By System
13.3 North America Market Revenue & Share Analysis, By
Transmission
13.4 North America Market Revenue & Share Analysis, By
Insulation
13.5 North America Market Revenue & Share Analysis, By Depth
13.6 North America Market Revenue & Share Analysis, By End-User
13.7 North America Market Revenue & Share Analysis, By Country
13.7.1 US
13.7.2 Canada
13.7.3 Mexico
13.8 Key Takeaways
14 EUROPE MARKET ANALYSIS
14.1 Europe Market Revenue & Share Analysis, By Voltage
14.2 Europe Market Revenue & Share Analysis, By System
14.3 Europe Market Revenue & Share Analysis, By Transmission
14.4 Europe Market Revenue & Share Analysis, By Insulation
14.5 Europe Market Revenue & Share Analysis, By Depth
14.6 Europe Market Revenue & Share Analysis, By End-User
14.7 Europe Market Revenue & Share Analysis, By Country
14.7.1 UK
14.7.2 Italy
14.7.3 Spain
14.7.4 Germany
14.7.5 France
14.7.6 Rest of Europe
14.8 Key Takeaways
15 ASIA PACIFIC MARKET ANALYSIS
15.1 APAC Market Revenue & Share Analysis, By Voltage
15.2 APAC Market Revenue & Share Analysis, By System
15.3 APAC Market Revenue & Share Analysis, By Transmission
15.4 APAC Market Revenue & Share Analysis, By Insulation
15.5 APAC Market Revenue & Share Analysis, By Depth
15.6 APAC Market Revenue & Share Analysis, By End-User
15.7 APAC Market Revenue & Share Analysis, By Country
15.7.1 China
15.7.2 Japan
15.7.3 India
15.7.4 South Korea
15.7.5 Rest of APAC
15.8 Key Takeaways
16 MIDDLE EAST & AFRICA MARKET
ANALYSIS
16.1 MEA Market Revenue & Share Analysis, By Voltage
16.2 MEA Market Revenue & Share Analysis, By System
16.3 MEA Market Revenue & Share Analysis, By Transmission
16.4 MEA Market Revenue & Share Analysis, By Insulation
16.5 MEA Market Revenue & Share Analysis, By Depth
16.6 MEA Market Revenue & Share Analysis, By End-User
16.7 MEA Market Revenue & Share Analysis, By Country
16.7.1 GCC
16.7.2 South Africa
16.7.3 Rest of MEA
16.8 Key Takeaways
17 SOUTH AMERICA MARKET ANALYSIS
17.1 SA Market Revenue & Share Analysis, By Voltage
17.2 SA Market Revenue & Share Analysis, By System
17.3 SA Market Revenue & Share Analysis, By Transmission
17.4 SA Market Revenue & Share Analysis, By Insulation
17.5 SA Market Revenue & Share Analysis, By Depth
17.6 SA Market Revenue & Share Analysis, By End-User
17.7 SA Market Revenue & Share Analysis, By Country
17.7.1 Brazil
17.7.2 Argentina
17.7.3 Rest of SA
17.8 Key Takeaways
18 COMPETITIVE SCENARIO
18.1 Overview
18.2 Key Players Market Share Analysis
18.3 Recent Developments & Product Launches
18.4 Mergers & Acquisitions
18.5 Partnerships, Agreements & Collaborations
19 COMPANY PROFILES
19.1 Overview
19.2 Key players
19.2.1 SubCom LLC
19.2.1.1 Business Overview
19.2.1.2 Products Offered
19.2.1.3 Financial Insights
19.2.1.4 Strategic Developments
19.2.1.4.1 New Product Launches
19.2.1.4.2 Agreements & Collaborations
19.2.1.5 Business Aspects (NOISE Analysis)
19.2.1.5.1 Key Strengths
19.2.1.5.2 Opportunities
19.2.1.5.3 Weaknesses & Competitive Threats
19.2.1.5.4 Needs & Improvements
19.2.2 NEC Corporation
19.2.3 Nexans S.A.
19.2.4 Huawei Marine Networks Co., Ltd.
19.2.5 JDR Cable System Ltd
19.2.6 Hexatronic Cables & Interconnect Systems
19.2.7 Corning Incorporated
19.2.8 Hengtong Group Co
19.2.9 Saudi Ericsson
19.2.10 ZTT
20 DISCLAIMER
21 APPENDIX
