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Classified in: Science and technology
Subject: MRR

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 ?

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

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)

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?

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.

Browse for Technavio's industrials market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Source

7 Market Segmentation by Service Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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