Global Undersea Cabling market scope 2024, Forecast To 2033
13 Feb, 2024
The undersea cabling market has witnessed rapid growth, escalating from $18.69 billion in 2023 to $21.23 billion in 2024 at a substantial compound annual growth rate (CAGR) of 13.6%. The growth in the historic period is attributed to the increasing global demand for internet services, the expansion of telecommunications networks, the need for data center connectivity, international trade and commerce, and the development of international trade routes. Looking ahead, the undersea cabling market is poised for continued rapid growth, projected to reach $34.82 billion in 2028 at a consistent CAGR of 13.2%. The anticipated growth in the forecast period can be attributed to the deployment of 5G networks, the rise of renewable energy projects, advancements in submarine fiber optic technology, the increased demand for remote work and telemedicine, and a focus on climate change resilience. Major trends in the forecast period include increased cable capacity, the expansion of diverse routes, the establishment of global internet exchange points, the growth of 5G connectivity, and the integration of hybrid fiber-optic and power cables.
Global Undersea Cabling Market Key Driver
The undersea cabling market experiences growth due to the growing demand for inter-country and island connections. Improved international connectivity, as seen in French Polynesia's advanced telecom infrastructure, drives the undersea cabling market. By 2025, LTE is predicted to account for more than half of all connections, showcasing the market's growth.
Get A Free Sample Of The Global Undersea Cabling Market ReportGlobal Undersea Cabling Market Segments
The global 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
By Geography: The regions covered in the Undersea Cabling market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the undersea cabling market share in 2023. The Asia-Pacificwas 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.
Major Undersea Cabling Industry Players
Alcatel-Lucent S.A., 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.
Get The Full Global Undersea Cabling Market Report
Undersea Cabling Market Overview
The undersea cabling refers to cables that offer underwater communication. Undersea cable also called marine cable, assembly of conductors enclosed by an insulating sheath and laid on the sea bottom for the transmission of messages. Underwater cables are laid from specially designed cable ships which can stock thousands of miles of coiled cable in their holds.
Undersea Cabling Global Market Report 2023 provides data on the global undersea cabling market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The undersea cabling market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.