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Submarine Cable Systems Market

Submarine Cable Systems Market Size, Share & Segment By Type (Single Core, Multicore) By Component (Dry Plant Products, Wet Plant Products) By Voltage (Medium Voltage, High Voltage, Extra High Voltage) By Offering (Installation & Commissioning, Maintenance, Upgrades) By Insulation (Cross-Linked Polyethylene (XLPE), Resin Impregnated Paper (RIP), Oil Impregnated Paper, Resin Impregnated Synthetics (RIS)) By Application (Power Cable, Communication Cable) By End-User (Offshore Wind, Offshore Oil & Gas, Inter-Country & Island Connections), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/1833 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Submarine Cable Systems Market Size was valued at USD 25.45 billion in 2021, and expected to reach USD 38.77 billion by 2028, and grow at a CAGR of 6.2% over the forecast period 2022-2028.

Submarine Cables are referred to as any type of Submarine Cables that are laid under water body. These cables connect continents around the world and rely on ground-based stations to carry communications and electrical signals. Submarine Cables use optic fiber technology to carry digital telephone data, internet, and personal data. submarine cables installation has many advantages over satellite communication. They are longer lasting, cheaper, and more reliable than satellite communication. The use of submarine cables has improved global trade and international communication, due to the speed at which information can be exchanged globally. Submarine Cables are an important international asset for media companies, trading and transportation companies, governments and their armed forces, and the public. One submarine cable can carry millions of phone data accompanied by internet and video data. The international system depends on the security of the submarine cable system.

Submarine Cable Systems Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Increasing offshore wind power capacity.

  • Increasing penetration of Internet and collaborations among companies.

  • Increasing demand for bandwidth due to emergence of 5G.

RESTRAINTS: 

  • Complexity and delays in approvals result from the involvement of multi-country government bodies.

  • Huge initial investments for SMEs.

OPPORTUNITIES: 

  • Content delivery and streaming partners are increasing their investments to generate opportunities in the APAC region.

CHALLENGES:

  • Other modes of internet service provisioning.

  • Lack of commissioning and repair vessels.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

The closure of some cable industries by submarine cable providers has delayed the deployment of new submarine cable systems. The International Cable Protection Committee (ICPC) has called on governments and submarine cable industries to promote and accelerate the installation, operation, and repair of submarine cables during the COVID-19 epidemic to protect critical Internet connectivity and governance, health, education. , and commercial activities based on such connections. Such items are expected to provide market opportunities for submarine cables. In the submarine cable system market have experienced contract delays due to the COVID-19 outbreak in 2020-2021. By 2020, the number of submarine power cables installed will have decreased by roughly 3-4 percent compared to last year, but the number of oil and gas metals will have doubled. However, by 2021 and beyond, the market is expected to begin to recover from the impact of COVID-19 and renewable energy grid projects and communication networks will resume.

Based on Application, the submarine cable system market is subdivided into Power Cable and Communication Cable. Among this power cable market is estimated to hold major share in the market.

Countries around the world are focused on generating electricity through renewable energy sources, resulting in offshore wind farms. The huge investments made by governments around the world in offshore wind projects are driving the demand for submarine cable system market around the world.

Based on Component, the submarine cable system market is subdivided into Dry Plant Products and Wet Plant Products. Part of the dry plant products led the type of segment of the submarine cable system marke, the share of dried vegetable products accounted for 70% of the market in terms of revenue. This is due to cost efficiency and the latest developments in the dry industry, such as SDM cables with high fiber and strength, aluminum conductors, smart cables: emergency earthquake and tsunami warnings, repeated pumping, underwater virtual networks, artificial intelligence, and machine learning in underwater systems.

COMPETITIVE LANDSCAPE:

The key players in the Submarine Cable Systems Market are NEC Corporation, Jiangsu Hengtong Au Optronics Co, Corning Incorporated, Alcatel-Lucent Enterprise, Saudi Ericsson, JDR Cable Systems Ltd, The Okonite Company, Apar Industries, SubCom, LLC, Prysmian S.p.A, Google LLC, Microsoft, NKT A/S, Sumitomo Electric Industries, ALE International, ALE USA Inc., NEC Corporation, Nexans, Amazon.com, Inc., ZTT and Other.

MARKET SEGMENTATION:

BY TYPE

  • Single Core

  • Multicore

BY COMPONENT

  • Dry Plant Products

  • Wet Plant Products

BY VOLTAGE

  • Medium Voltage

  • High Voltage

  • Extra High Voltage

BY OFFERING

  • Installation & Commissioning

  • Maintenance

  • Upgrades

BY INSULATION

  • Cross-linked Polyethylene (XLPE)

  • Resin Impregnated Paper (RIP)

  • Oil Impregnated Paper

  • Resin Impregnated Synthetics (RIS)

BY APPLICATION

  • Power Cable

  • Communication Cable

BY END-USER

  • Offshore Wind

  • Offshore Oil & Gas

  • Inter-Country & Island Connections

Submarine Cable Systems Market Revenue Graph

REGIONAL ANALYSIS:

The region has about 35,000 offshore, more than 2,600 platforms, and more than 55,000 km pipelines in countries such as China, Thailand, Malaysia, Indonesia, and Australia. As well as exploring new oil and gas resources, a few operators in the region are embracing the technology to increase oil and gas production in existing sectors and develop major projects to bring new energy to the region. The region is expected to see unprecedented growth in offshore wind turbines during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Submarine Cable Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 25.45 Billion
Market Size by 2028 US$ 38.77 Billion
CAGR CAGR of 6.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Single Core, Multicore)
• By Component (Dry Plant Products, Wet Plant Products)
• By Voltage (Medium Voltage, High Voltage, Extra High Voltage)
• By Offering (Installation & Commissioning, Maintenance, Upgrades)
• By Insulation (Cross-Linked Polyethylene (XLPE), Resin Impregnated Paper (RIP), Oil Impregnated Paper, Resin Impregnated Synthetics (RIS))
• By Application (Power Cable, Communication Cable)
• By End-User (Offshore Wind, Offshore Oil & Gas, Inter-Country & Island Connections)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles NEC Corporation, Jiangsu Hengtong Au Optronics Co, Corning Incorporated, Alcatel-Lucent Enterprise, Saudi Ericsson, JDR Cable Systems Ltd, The Okonite Company, Apar Industries, SubCom, LLC, Prysmian S.p.A, Google LLC, Microsoft, NKT A/S, Sumitomo Electric Industries, ALE International, ALE USA Inc., NEC Corporation, Nexans, Amazon.com, Inc., ZTT and Other.
Key Drivers • Increasing offshore wind power capacity.
• Increasing penetration of Internet and collaborations among companies.
Restraints • Complexity and delays in approvals result from the involvement of multi-country government bodies.
• Huge initial investments for SMEs.


Frequently Asked Questions (FAQ) :

The market size will be expected to reach USD 38.77 billion by 2028, and grow at a CAGR of 6.2% over the forecast period 2022-2028.

Complexity and delays in approvals result from the involvement of multi-country government bodies, and Huge initial investments for SMEs are the factors limiting the Submarine Cable System Market's expansion.

The key players in the Submarine Cable Systems Market are NEC Corporation, Jiangsu Hengtong Au Optronics Co, Corning Incorporated, Alcatel-Lucent Enterprise, Saudi Ericsson, JDR Cable Systems Ltd, The Okonite Company, Apar Industries, SubCom, LLC, Prysmian S.p.A, Google LLC, Microsoft, NKT A/S, Sumitomo Electric Industries, ALE International, ALE USA Inc., NEC Corporation, Nexans, Amazon.com, Inc., ZTT and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Submarine Cable Systems Market Segmentation, by type

8.1Introduction

8.2 Single Core

8.3 Multicore

 

9. Submarine Cable Systems Market Segmentation, by Component

9.1 Introduction

9.2 Dry Plant Products

9.3 Wet Plant Products

 

10. Submarine Cable Systems Market Segmentation, by voltage

10.1 Introduction

10.2 Medium Voltage

10.3 High Voltage

10.4 Extra High Voltage

 

11. Submarine Cable Systems Market Segmentation, by offering

11.1 Introduction

11.2 Installation & Commissioning

11.3 Maintenance

11.4 Upgrades

 

12. Submarine Cable Systems Market Segmentation, by insulation

12.1 Introduction

12.2 Cross-linked Polyethylene (XLPE)

12.3 Resin Impregnated Paper (RIP)

12.4 Oil Impregnated Paper

12.5 Resin Impregnated Synthetics (RIS)

 

13. Submarine Cable Systems Market Segmentation, by application

13.1 Introduction

13.2 Power Cable

13.3 Communication Cable

 

14. Submarine Cable Systems Market Segmentation, by End-User

14.1 Introduction

14.2 Offshore Wind

14.3 Offshore Oil & Gas

14.4 Inter-Country & Island Connections

 

15. Regional Analysis

15.1 Introduction

15.2 North America

15.2.1 USA

15.2.2 Canada

15.2.3 Mexico

15.3 Europe

15.3.1 Germany

15.3.2 UK

15.3.3 France

15.3.4 Italy

15.3.5 Spain

15.3.6 The Netherlands

15.3.7 Rest of Europe

15.4 Asia-Pacific

15.4.1 Japan

15.4.2 South Korea

15.4.3 China

15.4.4 India

15.4.5 Australia

15.4.6 Rest of Asia-Pacific

15.5 The Middle East & Africa

15.5.1 Israel

15.5.2 UAE

15.5.3 South Africa

15.5.4 Rest

15.6 Latin America

15.6.1 Brazil

15.6.2 Argentina

15.6.3 Rest of Latin America

 

16.Company Profiles

16.1 Amazon.com, Inc.

16.1.1 Financial

16.1.2 Products/ Services Offered

16.1.3 SWOT Analysis

16.1.4 The SNS view

16.2 NEC Corporation

16.3 Jiangsu Hengtong Au Optronics Co

16.4 Corning Incorporated

16.5 Alcatel-Lucent Enterprise

16.6 Saudi Ericsson

16.7 JDR Cable Systems Ltd

16.8 The Okonite Company

16.9 Apar Industries

16.10 SubCom, LLC

16.11 Prysmian S.p.A

16.12 Google LLC

16.13 Microsoft

16.14 NKT A/S

16.15 Sumitomo Electric Industries

16.16 ALE International, ALE USA Inc.

16.17 NEC Corporation

16.18 Nexans

16.19 ZTT

16.20 Other

 

17.Competitive Landscape

17.1 Competitive Benchmark

17.2 Market Share analysis

17.3 Recent Developments

 

18.Conclusion

 

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Secondary Research

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