Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Submarine Optical Fiber Cables: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Submarine Optical Fiber Cables Market to Reach $48 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Submarine Optical Fiber Cables estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 12.4% CAGR
The Submarine Optical Fiber Cables market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
| Report Attribute | Details |
| No. of Pages | 360 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $18.2 Billion |
| Forecasted Market Value (USD) by 2030 | $48 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Fiber Optics: The Preferred Transmission Mode in Undersea Applications
- Submarine Cabling Emerges to Address Data Transmission Needs
- Rise in Digital Services Usage Necessitates Maintenance of Subsea Optical Fiber Cables
- Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
- Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
- Internet's Rising Contribution to Economy Fuels Need for Submarine Communication Cable Systems
- Growing Demand for High Bandwidth Applications Bodes Well for the Market
- World Internet Adoption Rate (in %) by Geographic Region: 2021
- Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
- Global Consumer IP Traffic Volume (in Exabytes) for the Years 2017 and 2020
- Submarine Cable Systems to Benefit from the Rise in Internet-enabled Devices Resultant Need for Bandwidth Capacity Expansion
- Global Mobile Data Traffic (Million Terabytes/Month) for the Period 2020-2027
- Breakdown of Mobile Internet Revenues by Category (in %): 2020
- Breakdown of Network Latency (in Milliseconds) by Network Type
- Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
- Smartphone Adoption as Share of Total Population: 2016-2021
- Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
- 5G to Further Enhance Mobile Internet Traffic
- 5G Smartphone Sales in Million Units: 2019-2022
- Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
- Surge in Internet Video Consumption to Trigger Deployment of Undersea Optical Fiber Cable Systems
- Average Time Spent Per Day (in Minutes) on Digital Video in the US for 2018-2021
- Rising Popularity of OTT Services Bodes Well for Market Prospects: Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
- Content Providers Emerge as Major Drivers of Growth in Submarine Cable System Development
- Content Providers-driven Submarine Telecom Cable Systems as % of Total Cable Systems for 2016, 2018, 2020, and 2021-2023
- Data Center Providers Fuel Need for Submarine Telecom Cable Systems
- Surging Workloads of Data Center Workloads to Fuel Market Prospects: Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022
- Demand for Data Centers Surge as Remote Working Becomes the New Normal
- WFM Employees as a % of the Total Workforce for 2019, 2020 and 2021
- Subsea Cable Systems Become Attractive for Hyperscalers and Telecom Operators
- Hyperscalers Make Increased Investments into Submarine Cables
- Shift towards Cloud-based Services and Applications Enhance Bandwidth & Capacity, Necessitating Undersea Cable Systems
- Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
- Global Public Cloud Services Market (In US$ Billion) for 2019, 2020 and 2021
- Rising Deployment of Submarine Optic Fiber Cables in the Oil & Gas Industry
- Infrastructure Revamp Propels Demand for Submarine Communications Cable System
- Unconventional Applications Provide Growth Opportunities
- Creating Mesh Networks for Greater Reliability and Faster Connectivity
- Service Providers Focus on Improving Flexibility of Submarine Cable Networks
- Sustainable Submarine Cable Networks Gain Importance
- Technology Advancements Promise Faster Undersea Transmissions
- SDM: A High Potential Technology for Augmenting Cable Capacity
- Caltech Researchers Study Submarine Cables to Sense Oceanic Earthquakes
- Role of AI in Submarine Telecom Cable Systems
- Infinera and Seaborn Networks Introduce Novel Submarine Network Services
- Satellite Communications Present Challenges to Submarine Cable Fiber Optic Systems
- Lack of New Submarine Cable System Installations: Repairs & Upgrades to Provide Growth Opportunities
- Submarine Cables At Risk from Snooping and Natural Disasters
- Measures to Safeguard Submarine Fiber Optic Cables
- Undersea Cables Face Risk from Spy Submarines
- Natural Disasters Present Threat to Undersea Cable Systems
- Congestion, Political Feuds Push Subsea Cable Companies to Seek Alternate Routes
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
- Alcatel-Lucent Submarine Networks SAS
- Ciena Corporation
- Fujitsu Limited
- HMN Technologies Co., Ltd.
- Infinera Corporation
- Kokusai Cable Ship Co., Ltd.
- LS Cable & System, Ltd.
- Mitsubishi Electric Corporation
- NEC Corporation
- Norddeutsche Seekabelwerke GmbH
- NTT World Engineering Marine Corporation
- Orange Marine
- S. B. Submarine Systems Co., Ltd.
- Seaborn Networks LLC
- SubCom, LLC
- Xtera, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3cwobs
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
