Submarine Cable Market Size, Trends and Insights By Application (Submarine Communication Cables, Submarine Power Cables), By Voltage (Extra High Voltage, High Voltage, Medium Voltage), By Offering (Installation & Commissioning, Maintenance, Upgrade), By End-user (Offshore Wind Power Generation, Offshore Oil & Gas, Inter-Country & Island Connection), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- ALE International, ALE USA Inc.
- NEC Corporation
- SubCom, LLC
- NKT A/S
- Prysmian S.p.A
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Submarine Cable Market was estimated at USD 25 billion in 2021 and is expected to reach USD 26.11 billion in 2022 and is anticipated to reach around USD 35 billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030. Our research report offers a 360-degree view of the Submarine Cable market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Submarine Cable Market.
- 90% of global data traffic travels over submarine communication cables. Their total carrying capacity is measured in terabits per second. Submarine cables are, therefore, the most valuable cables for OTT and communication companies like Google, Facebook, Amazon, and Microsoft.
- A number of companies are focused on the deployment of these cables. For instance, in October 2021, the Japanese IT company NEC announced plans to build a huge underwater cable with four crore fiber optics for Facebook. It is planned that the submarine will feature 24 fiber pairs with a maximum capacity of 500 Mbps.
- As most countries see submarine cables as a vital component of their economies, they have regulations in place protecting them from risks. For instance, the Australian Communications and Media Authority has established safety zones that prohibit activities that could destroy the cables linking the two nations in Australia and the rest of the world. Furthermore, it legalizes new submarine cable installation projects.
- Due to an increase in the data flow, communication cables have seen an increase in demand. Submarine communication cable expenditures have increased worldwide. The major users of the submarine cables are businesses such as Google, Amazon, Facebook, and Microsoft. Internationally, Google controls 10,433 miles of submarine cables, and Amazon, Facebook, and Microsoft share 63,605 miles. Submarine cables owned by Facebook, Amazon, and Microsoft are 57,709 miles, 18,987 miles, and 4,104 miles. Amazon’s cables connect California, Oregon, Singapore, Japan, and other Asia Pacific region from the United States.
- The expansion of offshore wind farms and effective power transmission and distribution networks from renewable energy sources is anticipated to drive the submarine cable industry’s overall growth. Additionally, the manufacturers are now actively involved in the construction, commissioning, modifications, and maintenance of submarine cables due to the rising demand for them.
Report Scope
The global Submarine Cable Market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by offering, application, voltage, end-user, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 25 Billion |
| Projected Market Size in 2030 | USD 35 Billion |
| Market Size in 2022 | USD 26.11 Billion |
| CAGR Growth Rate | 10% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, Voltage, Offering, End-user, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- The main factors propelling the market are rising investments in offshore wind farms, inter-country, and island connections for better power supply and communication, and rising investments in oil & gas deep-water drilling activities.
- Numerous new opportunities will be created as a result of OTT firms’ increased investment in the installation of high-capacity communications networks and the rising need for HVDC undersea power lines. The key drivers of the market over the forecast period are the increased internet and data traffic in regions like APAC.
- The densely inhabited regions, such as APAC, South America, and MEA, make active investments in offshore wind energy production. It is anticipated that these investments will increase demand for submarine cables. A few variables that drive the need for the product include:
- The growing use and penetration of the internet.
- Their partnerships with tier-1 vendors.
- The increased need for bandwidth was brought on by the development of 5G.
- Globally, regional governments strive to boost the amount of electricity they produce using fossil fuel-based energy sources. Submarine cables have not been widely adopted or used because of the high installation costs and the difficulties of repairing and maintaining deep-water cables.
- A number of dangers, including ships, cruises, cyclones, and fishing hooks, among others, increase the demand for maintenance services. Therefore, the expansion of the industry as a whole will be fueled by appropriate installation methods, materials, and cable length. Any problem with subsea cables entails high maintenance and re-deployment costs.
High Voltage Segment Lead the Submarine Cable Market in 2021
- The high voltage segment contributed almost 65% of total sales in 2021. High-voltage cables with a voltage above 33 kV are frequently utilized for electricity distribution and transmission. Therefore, the main factors driving the high voltage cables segment are the increased investments in offshore wind power generation and the rising demand for HVDC submarine power cables.
- HV cables also lessen transmission losses, enabling effective power delivery. The HVDC power system is growing at increased speed and allowing the transfer of electricity from the large capacity high power sources to the mainland. The development of HVDC power systems is supported by a number of businesses and research institutions, including DESERTEC, CIGRE, the North Seas Countries Offshore Grid Initiative, and others.
- Due to its sizeable market share, the medium voltage cables segment is anticipated to expand between 2022 and 2030 at a noticeable CAGR. The use of MV cables for power transmission in the offshore oil and gas infrastructure is responsible for the growth. The market for MV cables has been driven by increased demand from international oil and gas operations.
Competitive Landscape
Alcatel-Lucent, NEC Corporation, and TE SubCom are some of the major companies that dominated the world market in 2021. The other small- and medium-sized submarine cable providers focus on localized, more modest initiatives. In addition to providing submarine cables, several providers also work on global submarine electrical cable, offshore oil & gas, and other marine infrastructure projects.
- 2022: Reliance received approval to deploy the largest submarine cable in the world.
- 2022: To connect the AMX-1 underwater cable to the nation and construct a landing station in Limón, Claro, Costa Rica, has invested US$500 million. América Móvil, the company that owns Claro, inaugurated this exit as well as the extension of the submarine cable to the Colombian island of San Andrés in 2021.
- 2022: In order to increase its international capacity with new linkages to East and Southeast Asia, telecommunications giant PLDT Inc. has begun laying down its US$ 75 million submarine cable system. The 9,400-kilometer Asia Direct Cable (ADC), which PLDT has begun constructing, aims to establish seven international landing points.
List of the prominent players in the global Submarine Cable market:
- ALE International ALE USA Inc.
- NEC Corporation
- SubCom LLC
- NKT A/S
- Prysmian S.p.A
- Microsoft
- Google LLC
- Nexans
-
Amazon.com Inc.
- ZTT
The global Submarine Cable market is segmented as follows:
By Application
- Submarine Communication Cables
- Submarine Power Cables
By Voltage
- Extra High Voltage
- High Voltage
- Medium Voltage
By Offering
- Installation & Commissioning
- Maintenance
- Upgrade
By End-user
- Offshore Wind Power Generation
- Offshore Oil & Gas
- Inter-Country & Island Connection
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Submarine Cable Market, (2022 – 2030) (USD Billion)
- 2.2 Global Submarine Cable Market : snapshot
- Chapter 3. Global Submarine Cable Market – Industry Analysis
- 3.1 Submarine Cable Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing data traffic
- 3.2.2 Investments by OTT providers to suffice the requirements.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Application
- 3.7.2 Market attractiveness analysis By Voltage
- 3.7.3 Market attractiveness analysis By Offering
- 3.7.4 Market attractiveness analysis By End-user
- Chapter 4. Global Submarine Cable Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Submarine Cable Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Submarine Cable Market – Application Analysis
- 5.1 Global Submarine Cable Market overview: By Application
- 5.1.1 Global Submarine Cable Market share, By Application, 2021 and 2030
- 5.2 Submarine Communication Cables
- 5.2.1 Global Submarine Cable Market by Submarine Communication Cables, 2022 – 2030 (USD Billion)
- 5.3 Submarine Power Cables
- 5.3.1 Global Submarine Cable Market by Submarine Power Cables, 2022 – 2030 (USD Billion)
- 5.1 Global Submarine Cable Market overview: By Application
- Chapter 6. Global Submarine Cable Market – Voltage Analysis
- 6.1 Global Submarine Cable Market overview: By Voltage
- 6.1.1 Global Submarine Cable Market share, By Voltage, 2021 and 2030
- 6.2 Extra High Voltage
- 6.2.1 Global Submarine Cable Market by Extra High Voltage, 2022 – 2030 (USD Billion)
- 6.3 High Voltage
- 6.3.1 Global Submarine Cable Market by High Voltage, 2022 – 2030 (USD Billion)
- 6.4 Medium Voltage
- 6.4.1 Global Submarine Cable Market by Medium Voltage, 2022 – 2030 (USD Billion)
- 6.1 Global Submarine Cable Market overview: By Voltage
- Chapter 7. Global Submarine Cable Market – Offering Analysis
- 7.1 Global Submarine Cable Market overview: By Offering
- 7.1.1 Global Submarine Cable Market share, By Offering, 2021 and 2030
- 7.2 Installation & Commissioning
- 7.2.1 Global Submarine Cable Market by Installation & Commissioning, 2022 – 2030 (USD Billion)
- 7.3 Maintenance
- 7.3.1 Global Submarine Cable Market by Maintenance, 2022 – 2030 (USD Billion)
- 7.4 Upgrade
- 7.4.1 Global Submarine Cable Market by Upgrade, 2022 – 2030 (USD Billion)
- 7.1 Global Submarine Cable Market overview: By Offering
- Chapter 8. Global Submarine Cable Market – End-user Analysis
- 8.1 Global Submarine Cable Market overview: By End-user
- 8.1.1 Global Submarine Cable Market share, By End-user, 2021 and 2030
- 8.2 Offshore Wind Power Generation
- 8.2.1 Global Submarine Cable Market by Offshore Wind Power Generation, 2022 – 2030 (USD Billion)
- 8.3 Offshore Oil & Gas
- 8.3.1 Global Submarine Cable Market by Offshore Oil & Gas, 2022 – 2030 (USD Billion)
- 8.4 Inter-Country & Island Connection
- 8.4.1 Global Submarine Cable Market by Inter-Country & Island Connection, 2022 – 2030 (USD Billion)
- 8.1 Global Submarine Cable Market overview: By End-user
- Chapter 9. Submarine Cable Industry – Regional Analysis
- 9.1 Global Submarine Cable Industry Regional Overview
- 9.2 Global Submarine Cable Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Submarine Cable Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Submarine Cable Industry, by Application, 2022 – 2030
- 9.4.1 North America Submarine Cable Industry, by Application, 2022 – 2030 (USD Billion)
- 9.5 North America Submarine Cable Industry, by Voltage, 2022 – 2030
- 9.5.1 North America Submarine Cable Industry, by Voltage, 2022 – 2030 (USD Billion)
- 9.6 North America Submarine Cable Industry, by Offering, 2022 – 2030
- 9.6.1 North America Submarine Cable Industry, by Offering, 2022 – 2030 (USD Billion)
- 9.7 North America Submarine Cable Industry, by End-user, 2022 – 2030
- 9.7.1 North America Submarine Cable Industry, by End-user, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Submarine Cable Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Submarine Cable Industry, by Application, 2022 – 2030
- 9.9.1 Europe Submarine Cable Industry, by Application, 2022 – 2030 (USD Billion)
- 9.10 Europe Submarine Cable Industry, by Voltage, 2022 – 2030
- 9.10.1 Europe Submarine Cable Industry, by Voltage, 2022 – 2030 (USD Billion)
- 9.11 Europe Submarine Cable Industry, by Offering, 2022 – 2030
- 9.11.1 Europe Submarine Cable Industry, by Offering, 2022 – 2030 (USD Billion)
- 9.12 Europe Submarine Cable Industry, by End-user, 2022 – 2030
- 9.12.1 Europe Submarine Cable Industry, by End-user, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Submarine Cable Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Submarine Cable Industry, by Application, 2022 – 2030
- 9.14.1 Asia Pacific Submarine Cable Industry, by Application, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Submarine Cable Industry, by Voltage, 2022 – 2030
- 9.15.1 Asia Pacific Submarine Cable Industry, by Voltage, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Submarine Cable Industry, by Offering, 2022 – 2030
- 9.16.1 Asia Pacific Submarine Cable Industry, by Offering, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Submarine Cable Industry, by End-user, 2022 – 2030
- 9.17.1 Asia Pacific Submarine Cable Industry, by End-user, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Submarine Cable Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Submarine Cable Industry, by Application, 2022 – 2030
- 9.19.1 Latin America Submarine Cable Industry, by Application, 2022 – 2030 (USD Billion)
- 9.20 Latin America Submarine Cable Industry, by Voltage, 2022 – 2030
- 9.20.1 Latin America Submarine Cable Industry, by Voltage, 2022 – 2030 (USD Billion)
- 9.21 Latin America Submarine Cable Industry, by Offering, 2022 – 2030
- 9.21.1 Latin America Submarine Cable Industry, by Offering, 2022 – 2030 (USD Billion)
- 9.22 Latin America Submarine Cable Industry, by End-user, 2022 – 2030
- 9.22.1 Latin America Submarine Cable Industry, by End-user, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Submarine Cable Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Submarine Cable Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Submarine Cable Industry, by Application, 2022 – 2030
- 9.24.1 The Middle-East and Africa Submarine Cable Industry, by Application, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Submarine Cable Industry, by Voltage, 2022 – 2030
- 9.25.1 The Middle-East and Africa Submarine Cable Industry, by Voltage, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Submarine Cable Industry, by Offering, 2022 – 2030
- 9.26.1 The Middle-East and Africa Submarine Cable Industry, by Offering, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Submarine Cable Industry, by End-user, 2022 – 2030
- 9.27.1 The Middle-East and Africa Submarine Cable Industry, by End-user, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 ALE International ALE USA Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 NEC Corporation
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 SubCom LLC
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 NKT A/S
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Prysmian S.p.A
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Microsoft
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Google LLC
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Nexans
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Amazon.com Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 ZTT.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.1 ALE International ALE USA Inc.
List Of Figures
Figures No 1 to 29
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Asia Pacific” region will lead the global Submarine Cable market during the forecast period 2022 to 2030.
The key factors driving the market are increasing data traffic, and investments by OTT providers to suffice the requirements.
The key players operating in the Submarine Cable market are ALE International ALE USA Inc., NEC Corporation, SubCom LLC, NKT A/S, Prysmian S.p.A, Microsoft, Google LLC, Nexans, Amazon.com Inc., ZTT.
The global Submarine Cable market size was valued at USD 25 Billion in 2021 and it is projected to reach around USD 35 Billion by 2030.