Submarine fiber cable market: Growth opportunities led by Cenergy Holdings SA and Ciena Corp. - Technavio
NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The submarine fiber cable market size is forecasted to increase by USD 4,852.77 million from 2022 to 2027, at a CAGR of 12.2%, according to the recent market study by Technavio. The growth of the market will be driven by the rapid developments in telecommunication networks, the increasing need for higher bandwidth, and the growing demand for cloud-based services.
Technavio categorizes the global submarine fiber cable market as a part of the electrical components and equipment market, which covers companies engaged in manufacturing electric cables and wires, electrical components, and electrical equipment.
Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report
Technavio has extensively analyzed 15 major vendors, including Cenergy Holdings SA, Ciena Corp., Corning Inc., Hengtong Group Co Ltd, Hesfibel Subsea Cables, Hexatronic Group AB, Jiangsu Hengtong Au Optronics Co., Jiangsu Zhongtian Technology Co Ltd, LS Cable and System Ltd., NEC Corp., Nexans SA, NKT AS, Nokia Corp., OCC Corp., Prysmian Spa, Qingdao Hanhe Cable Co. Ltd., SSG cable group, SubCom LLC, Tele Fonika Kable SA, Turkuaz Kablo AS, and Xtera Ltd.
Key benefits for industry players and stakeholders ?
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers(purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the submarine fiber cable market by industry experts to evaluate and develop growth strategies.
The market is segmented by source (consortia, private enterprises, and governments and development banks) and service type (installation, maintenance, and upgrade).
Segmentation by end-user (inclusion/exclusion)
Inclusion:
Consortia:
The consortia segment grew gradually by USD 3,461.09 million between 2017 and 2021. In the consortia model, many telecom operators, Internet service providers (ISPs), and private enterprises create partnerships to construct, operate, and maintain a large undersea fiber cable network. Such partnerships help in reducing the initial investments and the cost of upgrades. Most submarine fiber cable projects need billions of dollars in investments for surveying, manufacturing, deploying, testing, operating, and maintaining submarine fiber cables. A majority of this funding comes from consortia. Such factors will drive the segment's growth during the forecast period.
To get detailed insights about inclusions and exclusions, buy the report.
Related reports -
Submarine power cable market by end-user and geography - Forecast and analysis 2022-2026 ? size is estimated to increase by USD 1.05 billion from 2021 to 2026, with an accelerated CAGR of 4.5%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and geography (Europe, APAC, North America, Middle East and Africa, and South America).
Submarine market by type and geography - Forecast and analysis 2022-2026 ? size is estimated to increase by USD 9.86 billion from 2022 to 2027, with an accelerated CAGR of 7.65%, according to the recent market study by Technavio. The growing arms race among countries is one of the key factors driving the market growth.
What are the key data covered in the submarine fiber cable market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the submarine fiber cable market between 2023 and 2027
Precise estimation of the size of the submarine fiber cable market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the submarine fiber cable market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of submarine fiber cable market vendors
Submarine Fiber Cable Market Scope
Report Coverage
Details
Page number
161
Base year
2022
Historic Period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 12.2%
Market growth 2023-2027
USD 4,852.77 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
11.2
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Performing contribution
APAC at 54%
Key countries
US, China, Japan, India, and France
Competitive landscape
Leading companies, market positioning of vendors, competitive strategies, and industry risks
Companies profiled
Cenergy Holdings SA, Ciena Corp., Corning Inc., Hengtong Group Co Ltd, Hesfibel Subsea Cables, Hexatronic Group AB, Jiangsu Hengtong Au Optronics Co., Jiangsu Zhongtian Technology Co Ltd, LS Cable and System Ltd., NEC Corp., Nexans SA, NKT AS, Nokia Corp., OCC Corp., Prysmian Spa, Qingdao Hanhe Cable Co. Ltd., SSG cable group, SubCom LLC, Tele Fonika Kable SA, Turkuaz Kablo AS, and Xtera Ltd.
Market Dynamics
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 132: Hexatronic Group AB - Product / Service
Exhibit 133: Hexatronic Group AB - Key offerings
12.9 Jiangsu Hengtong Au Optronics Co.
Exhibit 134: Jiangsu Hengtong Au Optronics Co. - Overview
Exhibit 135: Jiangsu Hengtong Au Optronics Co. - Product / Service
Exhibit 136: Jiangsu Hengtong Au Optronics Co. - Key offerings
12.10 Jiangsu Zhongtian Technology Co Ltd
Exhibit 137: Jiangsu Zhongtian Technology Co Ltd - Overview
Exhibit 138: Jiangsu Zhongtian Technology Co Ltd - Product / Service
Exhibit 139: Jiangsu Zhongtian Technology Co Ltd - Key offerings
12.11 LS Cable and System Ltd.
Exhibit 140: LS Cable and System Ltd. - Overview
Exhibit 141: LS Cable and System Ltd. - Product / Service
Exhibit 142: LS Cable and System Ltd. - Key offerings
12.12 NEC Corp.
Exhibit 143: NEC Corp. - Overview
Exhibit 144: NEC Corp. - Business segments
Exhibit 145: NEC Corp. - Key news
Exhibit 146: NEC Corp. - Key offerings
Exhibit 147: NEC Corp. - Segment focus
12.13 Nokia Corp.
Exhibit 148: Nokia Corp. - Overview
Exhibit 149: Nokia Corp. - Business segments
Exhibit 150: Nokia Corp. - Key offerings
Exhibit 151: Nokia Corp. - Segment focus
12.14 Prysmian Spa
Exhibit 152: Prysmian Spa - Overview
Exhibit 153: Prysmian Spa - Business segments
Exhibit 154: Prysmian Spa - Key offerings
Exhibit 155: Prysmian Spa - Segment focus
12.15 SSG cable group
Exhibit 156: SSG cable group - Overview
Exhibit 157: SSG cable group - Product / Service
Exhibit 158: SSG cable group - Key offerings
12.16 SubCom LLC
Exhibit 159: SubCom LLC - Overview
Exhibit 160: SubCom LLC - Product / Service
Exhibit 161: SubCom LLC - Key offerings
12.17 Tele Fonika Kable SA
Exhibit 162: Tele Fonika Kable SA - Overview
Exhibit 163: Tele Fonika Kable SA - Product / Service
Exhibit 164: Tele Fonika Kable SA - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 167: Currency conversion rates for US$
13.4 Research methodology
Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources
13.5 List of abbreviations
Exhibit 171: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Abatable is pleased to announce a partnership with the ASEAN Alliance on Carbon Markets (AACM). The AACM is an initiative that seeks to promote the growth of voluntary carbon markets across ASEAN (the Association of Southeast Asian Nations) and...
IDTechEx Research, a trusted provider of independent market intelligence, announces the availability of a new report, "Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players".
This comprehensive market report offers an...
Faraday Technology Corporation (TWSE: 3035), a leading provider of ASIC design services and IP solutions, announced it is leveraging the latest Arm® Automotive Enhanced (AE) technology, licensing the Cortex®-A720AE IP to drive the development of...
As the clock winds down on SAP's support for its ERP Central Component (ECC) system, adoption of the company's RISE with SAP offering is on the upswing among Nordic enterprises, according to a new research report published today by Information...
Hakluyt, the global strategic advisory firm for businesses and investors, has appointed Lord William Hague as chair of its international advisory board. Lord Hague will succeed Niall FitzGerald KBE, the former CEO and chairman of Unilever, who has...
Halfpricesoft.com developers offer new options in ezPaycheck 2024 payroll software. These features are just what nonprofits, and businesses require with the unique tax situations. Churches and other...