The future of the global submarine optical fiber cable market looks promising with opportunities in the shallow sea, deep sea, and subsea monitoring applications. The global submarine optical fiber cable market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 11% from 2024 to 2030. The major drivers for this market are growing demand for high-speed internet, expanding preference for HVDC submarine power cables, and rising government investment in broadband infrastructure.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the submarine optical fiber
cable market by type (single deck armour, double deck armour, and others),
component (cable, repeaters, and branching units), application (shallow sea,
deep sea, and subsea monitoring), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, single
deck armour and double deck armour are the major segments of submarine optical
fiber cable market by type. Lucintel forecasts that single deck armour is
expected to witness highest growth over the forecast period due to its features
like flexibility, cost-effectiveness and ease of installation.Within this
market, shallow sea will remain the largest segment due to growing demand for
cable from sinterwater to coastal and offshore applications.
North America is
expected to witness highest growth over the forecast period due to growing
number of internet-connected users and rapid economic growth in the region.
SubCom, NEC, Prysmian,
Nexans, Google, Amazon, and Microsoft are the major suppliers in the submarine
optical fiber cable market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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