Submarine fiber cable or subsea cable is designed to permit the interconnection of two or more terminal stations, and to transfer the communication signal from one place to another.
The global submarine fiber cable market was valued at around US $ 3.4 in 2018, and is expected to be CAGR or 6.2%. The first five-year cumulative revenue (2019-2023) is projected to be around US $ 20.2 Bn, which is expected to increase rather moderately over the laughter part of the five-year forecast period.
Rising demand for higher bandwidth across the globe is a major factor driving growth of the global submarine fiber cable market currently
In addition, increasing penetration of mobile Internet and smartphones in emerging economies and increasing demand for high speed Internet bandwidth in most developed countries is leading to transformation or submarine fiber cable requirements. Also, growing number of Internet-driven businesses in countries across the globe is among the major factors driving demand for better Internet connectivity and bandwidth, which is resulting in rising demand for submarine fiber cables and network infrastructure are among other major factors expected to boost growth of the target market in the near future
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Global Submarine Fiber Cable Market: Market Forecast
The comprehensive research report includes a complete forecast of the global submarine fiber cable market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global submarine fiber cable market is expected to register at CAGR or 6.2% during the forecast period.
Global Submarine Fiber Cable Market: Segmental Snapshot
The market report has been segmented on the basis of type, application and region / country: The type of segment includes shallow sea cable and deep sea cable. The application segment includes new projects and upgrade projects. The regions / countries include North America, Europe, UK, China, Japan, MEA, India, South America, and Rest of World.
By type: The deep-sea cable segment accounted for highest revenue share contribution in 2018, compared to other type of segment is expected to register highest CAGR or over 6.1% between 2019 and 2028
By application: The new projects segment accounted for highest revenue share contribution in 2018, compared to other application segment, and is expected to register highest CAGR or over 6.4% between 2019 and 2028
By Region: The market in North America accounted for the highest revenue share in the global submarine fiber cable market in 2018, and in expected to register a CAGR or over 5.6% between 2019 and 2028
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Global Submarine Fiber Cable Market: Competitive Analysis
The research report on the global submarine fiber market includes profiles of some of the major companies such as Nokia Corporation, NEC Corporation, Prysmian Group, Huawei Investment & Holding Co., Ltd. (Huawei Marine Networks Co., Ltd.), KDDI CORPORATION, Fujitsu Ltd., KEI Industries Limited, Nexans SA, SubCom, LLC, LS Cable & System Ltd., Turkuaz Cable, Inc., Hydro Group Plc., And Xtera Communications. , Inc.
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