Submarine Communications Cable Market 2022 Global Business Trends and Growing Demand and Forecast to 2028

The global submarine communications cable market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are rise in global bandwidth demand, increasing internet connections, rising demand for new offshore wind capacity, and increasing need for inter-country and island connections.

Countries around the world are focusing on renewable energy generation, which has resulted in the development of offshore wind farms. Submarine power cables are in high demand due to significant expenditures made by governments over the world in offshore wind projects. Data centers are critical information nodes that send vast amounts of data. The submarine cable network connects data centers. As data centers and submarine cables are enormous worldwide assets for content and cloud service providers, government agencies and companies are investing heavily in data center and submarine cable deployment. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity? 

Global Submarine Communications Cable Market Report by Segment

By Market Players:

• General Cable Technologies Corporation
• Hengtong Marine Cable Systems
• Alcatel Submarine Networks
• NEC Corporation
• Optical Cable Corporation
• ZTT Group
• Nexans
• Huawei Marine
• Xtera
• Padtec S.A.
• Nestor Cables

By Offering

• Installation and Commissioning
• Maintenance
• Upgrades

Global Submarine Communications Cable Market  Report by Region

North America       

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa