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Submarine Cable Systems Market Trends

  • Report ID: GMI9867
  • Published Date: Jun 2024
  • Report Format: PDF

Submarine Cable Systems Market Trends

Recent trends in the submarine cable systems industry including innovations, such as Space-division Multiplexing (SDM) and advanced fiber optic technologies, are enabling cables to carry more data over longer distances. Ensuring network redundancy and reliability is becoming a priority. Companies are investing in diverse routing and multiple cable systems to ensure uninterrupted service in case of cable cuts or failures. Also, governments worldwide are setting ambitious renewable energy targets and providing financial incentives, promoting the growth of offshore wind farms and the associated demand for submarine cables.
 

There is a growing focus on interconnecting hyperscale data centers across continents. Submarine cables are crucial for linking these data centers, enabling fast and reliable data exchange. There is a rise in cross-industry collaborations to develop submarine cable infrastructure. Telecom companies, tech giants, energy firms, and even governments are collaborating to share costs and leverage each other's expertise. There is an increased emphasis on security as submarine cables carry a bulk of global internet traffic. Measures to protect cables from physical threats and cyber threats are becoming more sophisticated.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size for submarine cable systems was valued at USD 14.2 billion in 2023 and is estimated to register over 9.5% CAGR between 2024 and 2032, driven by several factors, such as the rising demand for global connectivity.

The submarine communication cables segment of the submarine cable systems market is anticipated to register over 9% CAGR from 2024 to 2032, due to the exponential growth in internet usage, cloud services, requiring high-capacity communication infrastructure.

Asia Pacific market held over 37% share in 2023 and will expand rapidly by 2032, as the region's geographical positioning makes it a critical hub for global data traffic, thus necessitating critical investment in the sector.

Alcatel-Lucent Submarine Networks (ASN), Corning Incorporated, Fujitsu Limited, Global Marine Systems, Gulf Bridge International (GBI), Hengtong Marine Cable Systems, NEC Corporation, Nexans, and Orange Marine among others.

Submarine Cable Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 290
  • Countries covered: 26
  • Pages: 265
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