Submarine Fiber Cable Market Size to Grow by USD 3.86 Bn at a CAGR of 11.04% | Investments Source Segment is expected to witness lucrative growth | Technavio – QNT Press Release


NEW YORK, May 27, 2022 /PRNewswire/ — The Submarine Fiber Cable Market size is expected to grow by USD 3.86 billion with a YOY growth of 7.96% during the forecast period. The rapid developments in telecommunication networks is notably driving the submarine fiber cable market growth.

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This market research report extensively covers Submarine Fiber Cable Market segmentations by the following:

  • Investment sourceConsortia, private enterprises, and governments and development banks
    • The investment source segment’s submarine fiber cable market share will expand significantly. Increased investments in consortiums will result in more submarine cable projects, potentially increasing the market in focus throughout the projection period.
  • Geography – North America, EuropeAPAC, Middle East and Africaand South America
    • APAC will account for 53 percent of market growth. The submarine fiber cable market in APAC is dominated by China, Japanand India. The market in this region will increase at a quicker rate than the market in other regions. Over the forecast period, fast advancements in telecommunication networks will aid the growth of the submarine fiber cable market in APAC.

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Submarine Fiber Cable Market Dynamics

Market Driver

One of the primary drivers of the submarine fiber optic cable market is the rapid development of telecommunications networks. A telecommunications network is a collection of nodes and links that enable communication between end devices. The telecommunications network is an important part of the submarine cable business.

Market Trend

One of the major trends in the submarine fiber optic cable industry that leads to market growth is increased investment in 400G submarine cable networks. With a substantial increase in 100G cables in 2013, exponential growth in internet traffic and technological developments are due to adjusting to increasing demand, which leads to increased need for higher bandwidth.

Market Challenge

One of the challenges impeding the growth of the undersea fiber cable industry is fiber damage caused by human activities and fish attacks. Underwater fiber cables can be cut, and it can also happen as a result of activities such as the laying of new cables, power projects, and oil exploration by offshore or deepwater rigs. This can cause fiber cable damage.

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Submarine Fiber Cable Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.04%

Market growth 2021-2025

USD 3.86 billion

Market structure

Fragmented

YoY growth (%)

7.96

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC…

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