PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1595028
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1595028
Submarine Cable Systems
Global Submarine Cable Systems Market to Reach US$45.2 Billion by 2030
The global market for Submarine Cable Systems estimated at US$22.4 Billion in the year 2023, is expected to reach US$45.2 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2023-2030. Power Cables Application, one of the segments analyzed in the report, is expected to record a 10.0% CAGR and reach US$27.1 Billion by the end of the analysis period. Growth in the Communication Cables Application segment is estimated at 11.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$6.2 Billion While China is Forecast to Grow at 9.9% CAGR
The Submarine Cable Systems market in the U.S. is estimated at US$6.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.6% and 8.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.
Global Submarine Cable Systems Market - Key Trends and Drivers Summarized
How Are Submarine Cable Systems Enabling Global Connectivity?
Submarine cable systems are extensive networks of cables laid under the ocean floor to facilitate high-speed data transmission and telecommunication between continents and countries. These cables, comprising optical fibers, are the backbone of global internet connectivity, carrying about 95% of international data traffic. Submarine cable systems support applications in telecommunications, data centers, financial trading, and cloud services, enabling seamless global communication, faster data transfer, and reliable connectivity. As the world becomes more digitally connected, the demand for efficient and high-capacity submarine cable systems has surged, driven by growing internet usage, cloud computing, and international data exchange.
What Are the Key Segments in the Submarine Cable Systems Market?
Key cable types include unrepeatered and repeatered cables, with repeatered cables holding a larger market share due to their ability to transmit data over long distances with amplified signals. Applications cover communication, energy transmission, and scientific research, with communication representing a significant segment driven by the demand for high-speed, low-latency data transmission across continents. Components of submarine cable systems include cables, repeaters, branching units, and landing stations, with cables and repeaters representing critical segments due to their roles in ensuring signal integrity and long-distance data transfer.
How Are Submarine Cable Systems Integrated Across Communication Networks?
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Submarine Cable Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
III. MARKET ANALYSIS
IV. COMPETITION
