Submarine Cable Systems Market

Submarine Cable Systems Market by Application (Communication Cable and Power Cable), Component (Dry Plant Products and Wet Plant Products) Offering, Voltage, Type (Single Core and Multicore), insulation, End User and Geography (2021-2026)

Report Code: SE 6646 Jan, 2022, by marketsandmarkets.com

[243 Pages Report]The Submarine Cable Systems market is projected to grow from USD 13.8 billion in 2021 to USD 22.7 billion by 2026; it is expected to grow at a CAGR of 10.5%from 2021 to 2026.

The key factors fueling the growth of the market include increasing penetration of internet and collaboration among tier-1 vendors, expanding offshore wind power capacity, growing demand for bandwidth due to emergence of 5G, and increasing network of submarine power cable systems. Moreover, increasing investments by content delivery and streaming partners to create abundant opportunities in pacific region.

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Impact of Covid-19 on Submarine Cable Systems market

According to our analysis, the top six players of the submarine cable system market observed a delay in contract timelines due to the outbreak of COVID-19 during 2020-2021. The submarine power cable installation capacity witnessed a plunge of about 3–4% in 2020 compared with the previous year, while the number of oil and gas rigs plunged in double digits. However, in 2021 and later, the market is expected to start recovering from the impact of COVID-19 and projects for renewable energy grids and communication networks would resume.

Market Dynamics

Driver: Growing Demand in Pacific Region Owing to Increasing Internet Traffic

Over 97% of the global internet traffic is dependent on submarine cables, and almost everyone relies on the Internet for day-to-day activities. The world is connected through the Internet; thus, global traffic is increasing every other day. About half of the global internet traffic comes from Asia Pacific, which, in turn, is driving the demand for submarine communication cables. The need for faster internet services in the Transpacific region is attributed to the limited submarine communication cable systems in the countries in this region, which has led the World Bank and the Asia Development Bank to fund new cable systems in the region.

APAC is increasingly becoming a hub for direct investments in the submarine cable infrastructure space by the likes of Google, Facebook, and Microsoft. Google, which accounts for an increasing share of global demand via its private software-defined wide area network known as B4, has already made major investments in the existing systems serving Asia. Work has begun on a new subsea cable system connecting Japan to Australia via Guam, and Google has joined as an investor and key consortium member. The 9,500-km (6,000 miles) Japan-Guam-Australia (JGA) fiber-optic cable is a joint project of RTI Connectivity (RTIC), AARNet, and Google, with NEC and Alcatel Submarine Networks responsible for carrying out the work. Indigo is another subsea cable system that will connect Singapore, Indonesia, and Australia. Google is partnering with AARNet, Indosat Ooredoo, Singtel, SubPartners, and Telstra on this project, which comprises two distinct systems: Indigo West would connect Singapore to Perth via Jakarta, while Indigo Central would connect Perth to Sydney.

The submarine cable systems market is driven by economic factors, regulatory framework, and the need for service providers to enhance the consumer experience by reducing latency, coupled with the fact that more businesses are storing data locally. These factors indicate that significant investment opportunities lie ahead in the APAC data center space. The business model for submarine cable systems is evolving with the increasing demand for new businesses such as social networking sites and cloud storage. In the Transatlantic route, internet giants have, for the most part, refrained from direct investments in infrastructure and chosen to purchase capacity from operators, resulting in a slower growth compared with other regions.

Restraint: High initial investments act as entry barrier for SMEs

The high initial investment for commissioning a submarine cable and the associated maintenance costs are very high, which inhibit new players from entering the market. The cost of subsea cable deployment also depends on factors such as the nature of the seabed, depth of the site, number of landings, voltage, and many more. The estimated cost for an undersea cable system could be around USD 2.0 million to 6.8 million per kilometer.

The submarine cable systems market has not only steep entry barriers but also stiff competition, inordinate delays, and other difficulties, resulting in increased costs that SMEs cannot afford. There are a handful of players that hold a major market share in the global market.

The high entry barrier is also attributed to the time involved in building these systems (3–4 years) and completion (average time to upgrade completion is 6–12 months). The investment required for new cable systems is significantly higher than upgrading existing systems. Hence, these factors are restraining the growth of the submarine cable systems market.

Opportunity: Upcoming projects in Europe

By laying down cables to connect their communication and power networks, sea split territories can communicate and end their isolation. Submarine cables would become a ubiquitous aspect of the power transmission landscape if the current building rates are maintained. The need for transmitting energy over long distances and encompassing wide and deep-water bodies using submarine power cables demands the integration of renewable energy sources. With the increasing installation of submarine power cable systems, the need for efficient power transmission and reduced dissipative losses has also risen. This can be achieved with the help of high-voltage direct current (HVDC) submarine power cables that offer several advantages over conventional high‐voltage alternating current (HVAC) technologies. Some of the major existing cable networks in the region are NordBalt, SwePol, Baltic Cable, Kontek Interconnection, Storebζlt, NorNed, BritNed Cross-Channel, East-West Interconnector, and Italy-Greece, among many others.

HVDC power transmission technology is evolving rapidly, permitting the transfer of electrical power from big capacity offshore power generation sites to the mainland. In developing countries, such as China and Brazil, HVDC transmission systems now transmit several gigawatts of electrical power across thousands of kilometers. Several initiatives and projects, such as DESERTEC, Friends of the Supergrid, North Seas Countries Offshore Grid Initiative, and the Council on Large Electric Systems (CIGRE), support HVDC deployments in Europe, accounting for ~70% of the HVDC submarine cables. According to the ENTSO-E TYNDP 2016, ~40,000-km route length of extra-high-voltage power lines (land and sea) would have to be built and refurbished by 2030 in Europe, accounting for 53% of the total distance to be built using EHV underground and submarine cables, and a majority of this would be HVDC submarine cabling. The ongoing initiatives in Europe and planned investments for the deployment of new HVDC lines in APAC, North America, etc., are expected to create new opportunities for the market during the forecast period.

Challenge: Alternative modes of internet service provisioning

The global telecom industry is making huge investments in building a sturdy networking infrastructure using fiber optics, microwave, and radio stations for terrestrial communications and subsea cabling to connect nations and continents. Currently, international internet communications depend mainly on submarine cables. Around 98% of international data flow is transmitted via submarines cables. However, even with the massive network of subsea cables, huge populations worldwide remain unconnected or are facing disrupted connectivity, which, in turn, is restricting the use of these cables as the primary means of data transfer on a global scale.

In May 2019, SpaceX launched its SpaceX Starlink satellite constellation, which consists of thousands of small satellites that help extend coverage to remote areas and facilitate satellite internet access. SpaceX received FCC approval to launch these low Earth orbit (LEO) small satellites into space for delivering consumer internet services. Light waves travel faster in space than in fiber, and low orbits minimize signal delays. SpaceX plans to use lasers for satellite transmission, which would ensure faster data transfer compared with fiber-optic cable transmissions. This would lead to highly reduced latency over long distances and offer coverage to remote areas where network infrastructure is difficult or highly expensive to install. Companies such as Telesat, OneWeb, and AWS have also expressed their plans to develop mega constellations. Thus, the enhanced speeds and capacities facilitated by new internet providers could restrict the usage and deployment of urban, cable-based systems and, therefore, have an adverse impact on the global submarine cable market.

The power cables segment is projected to hold a larger share of the submarine cable systems market from 2021 to 2026 and is projected to grow at a higher CAGR than the communication cables segment during the forecast period.

The ongoing and proposed offshore wind capacity installations in many countries and the increased demand for intercountry & island connections are the key factors driving the growth of the power cables segment. The increasing demand for renewable energy from islands, coupled with the disproportional costs of maintaining local electricity production plants, has led to increased demand for laying power cables to transfer electricity from the mainland to the islands. Thus, the requirement to connect new renewable sources of energy to the main grids to ensure a reliable and continuous supply of power to isolated islands is fueling the demand for submarine power cables globally.

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Asia Pacific region is expected to hold the largest share of the submarine power cable systems market during the forecast period.

The region has about 35,000 offshore wells, over 2,600 platforms, and over 55,000 km of pipelines in countries such as China, Thailand, Malaysia, Indonesia, and Australia. Along with exploring new oil and gas resources, several operators in the region are adopting technologies to boost the production of oil and gas from the existing fields and develop capital projects to bring new energy supplies to the region. The region is expected to witness unprecedented growth in offshore wind energy installations during the forecast period.

Key Market Players

The Submarine Cable Systems market players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The major players in the Submarine Cable Systems market are

Alcatel-Lucent Enterprise (France), SubCom LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy), Saudi Ericsson (Saudi Arabia), Jiangsu Hengtong Au Optronics Co (China), ZTT (China), NKT A/S (Denmark), JDR Cable Systems Ltd. (US), Corning Incorporated (US), The Okonite Company (US), Cablel Hellenic Cables Group (Greece), Sumitomo Electric Industries, Ltd., Apar Industries (India), AFL (US), TFKable (Poland), Hexatronic (Sweden), SSGCABLE (China), OCC Corporation (Japan), 1X Technologies LLC (US), Tratos (UK), General Cable (US), and Ocean Specialists, Inc. (US).

The study includes an in-depth competitive analysis of these key players in the submarine cable systems market with their company profiles, recent developments, and key market strategies.

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Scope of the Report

:

Report Metric

Details

Years considered

2018–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD million/billion)

Segments covered

Component, Technology, Application, Vertical

Regions covered

Submarine Power Cable Systems Market regions – North America, Europe, APAC, Middle East & Africa, and South America
Submarine Communication Cable Systems Market regions – Trans-Atlantic, Trans-Pacific, Intra-Asia, Americas, Eu-Asia, and EMEA

Companies covered

Alcatel-Lucent Enterprise (France), SubCom LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy), Saudi Ericsson (Saudi Arabia), Jiangsu Hengtong Au Optronics Co (China), ZTT (China), NKT A/S (Denmark), JDR Cable Systems Ltd. (US), Corning Incorporated (US), The Okonite Company (US), Cablel Hellenic Cables Group (Greece), Sumitomo Electric Industries, Ltd., Apar Industries (India), AFL (US), TFKable (Poland), Hexatronic (Sweden), SSGCABLE (China), OCC Corporation (Japan), 1X Technologies LLC (US), Tratos (UK), General Cable (US), and Ocean Specialists, Inc. (US).

In this report, the overall submarine cable systems market has been segmented based on application, type, offering, voltage, component, insulation, end-user, and region.

By Application:

  • Power Cable
  • Communication Cable

Submarine Communication Cable by Component:

  • Dry Plant Products
  • Wet Plant Products

Submarine Communication Cable by Offering:

  • Installation & Commissioning
  • Maintenance
  • Upgrades

Submarine Communication Cable by Region:

  • Trans-Atlantic
  • Trans-Pacific
  • Intra-Asia
  • Americas
  • Eu-Asia
  • EMEA

Submarine Power Cable by Type:

  • Single Core
  • Multicore

Submarine Power Cable by Voltage:

  • Medium Voltage
  • High Voltage

Submarine Power Cable by Insulation:

  • Cross-linked Polyethylene (XLPE)
  • Oil Impregnated Paper
  • Resin Impregnated Paper (RIP)
  • Resin Impregnated Synthetics (RIS)

Submarine Power Cable by End-User:

  • Offshore Wind
  • Inter-Country & Island Connections
  • Offshore Oil & Gas

Submarine Power Cable by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Denmark
    • Netherlands
    • Norway
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Malaysia
    • Indonesia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Angola
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Recent Developments

  • In October 2021, NEC Corporation announced the development of a four-core fiber-optic submarine cable by its subsidiary OCC Corporation in collaboration with Sumitomo Electric.
  • In November 2020, Zhongtian Technology Submarine Cable Co., Ltd and Jiangsu Zhongtian Technology Co., Ltd jointly developed a 500 kV XLPE insulated power cable system. This 500 kV power cable is in 3000 mm square with a maximum length of 1350 m.
  • In September 2020, The ±400 kV flexible submarine DC cable has been independently developed by ZTT and is the first in China to pass the type test and new product technical appraisal. With this product, ZTT successfully created a new pattern of long-length DC submarine cable transmission.
  • In March 2020, Corning announced a series of long-haul fiber cable. This long-haul fiber has a diameter of 200 microns. Corning SMF-28 ULL fiber is a G.652-compliant, ultra-low loss, future ready solution for terrestrial long-haul network. Vascade EX2000 fiber is an ultra-low, loss, large effective area fiber for submarine SDM systems.
  • In January 2020, ASN launched three-degree wavelength selective switches (WSS) reconfigurable optical add/drop multiplexing (ROADM), which reduces fiber pairs and simplifies the topology complexity.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
          FIGURE 1 SUBMARINE CABLE SYSTEMS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                                FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                                FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)—ILLUSTRATION OF REVENUE OF COMPANIES FROM SALES OF SUBMARINE CABLE SYSTEMS OFFERINGS
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                                FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE-APPROACH—REVENUE GENERATED FROM SUBMARINE CABLE SYSTEMS OFFERINGS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
          FIGURE 7 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 RISK ASSESSMENT
          TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
    2.6 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 46)
    3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
          FIGURE 8 SUBMARINE CABLE SYSTEM MARKET, 2018–2026 (USD MILLION)
          TABLE 2 GLOBAL SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 3 GLOBAL SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
          FIGURE 9 IMPACT OF COVID-19 ON SUBMARINE CABLE SYSTEMS MARKET
    3.2 PRE-COVID-19 SCENARIO
          TABLE 4 PRE-COVID-19 SCENARIO: SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 5 PRE-COVID-19 SCENARIO: SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2021–2025 (USD MILLION)
    3.3 POST-COVID-19 SCENARIO
          TABLE 6 POST-COVID-19 SCENARIO: SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 7 POST-COVID-19 SCENARIO: SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
          FIGURE 10 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET FROM 2021 TO 2026
          FIGURE 11 OFFSHORE WIND POWER GENERATION SEGMENT OF SUBMARINE POWER CABLE MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
          FIGURE 12 HIGH VOLTAGE SEGMENT OF SUBMARINE POWER CABLE MARKET TO GROW AT HIGHER CAGR FROM 2021 TO 2026
          FIGURE 13 SUBMARINE COMMUNICATION CABLE MARKET IN TRANSPACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
          FIGURE 14 EUROPE HELD LARGEST SHARE IN SUBMARINE POWER CABLE MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SUBMARINE CABLE SYSTEMS MARKET
          FIGURE 15 OTT PLATFORMS AND INVESTMENTS IN OFFSHORE WIND CAPACITY TO DRIVE MARKET GROWTH
    4.2 SUBMARINE CABLE SYSTEM MARKET, BY APPLICATION
          FIGURE 16 POWER CABLES SEGMENT PROJECTED TO LEAD SUBMARINE CABLE SYSTEM MARKET FROM 2021 TO 2026
    4.3 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT
          FIGURE 17 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET FROM 2021 TO 2026
    4.4 SUBMARINE POWER CABLE MARKET, BY INSULATION
          FIGURE 18 OIL IMPREGNATED PAPER SEGMENT TO HOLD LARGER SHARE OF SUBMARINE POWER CABLE MARKET IN 2021
    4.5 SUBMARINE POWER CABLE MARKET, BY END USER & REGION, 2021
          FIGURE 19 OFFSHORE WIND POWER GENERATION SEGMENT AND EUROPE TO HOLD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2021
    4.6 SUBMARINE POWER CABLE MARKET, BY COUNTRY
          FIGURE 20 SUBMARINE POWER CABLE MARKET TO GROW AT HIGHEST CAGR IN GERMANY FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 21 SUBMARINE CABLE SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Expanding offshore wind power capacity
                                FIGURE 22 GLOBAL NEW INSTALLATIONS OF OFFSHORE WIND POWER CAPACITY, 2020
                    5.2.1.2 Increasing penetration of Internet and collaborations among tier-1 vendors
                                FIGURE 23 GLOBAL MOBILE SUBSCRIPTION AND INTERNET PENETRATION, 2015–2020
                                FIGURE 24 TOP CABLE OWNERS IN THE WORLD, 2019 (THOUSAND KILOMETERS)
                    5.2.1.3 Growing demand for bandwidth due to emergence of 5G
                                FIGURE 25 GLOBAL FORECAST FOR 5G SUBSCRIPTIONS, 2020–2026 (IN MILLION)
                    5.2.1.4 Growing demand in Pacific region owing to increased traffic
                    5.2.1.5 Increasing network of submarine power cable systems
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial investments act as entry barrier for SMEs
                    5.2.2.2 Involvement of multi-country government bodies leads to complexities and delays in approvals
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Upcoming projects in Europe
                                TABLE 8 UPCOMING PROJECTS, 2020–2040:
                    5.2.3.2 Increasing investments by content delivery and streaming partners to create opportunities in Pacific
                                FIGURE 26 GLOBAL CAPEX & TRENDS IN SUBMARINE COMMUNICATION CABLES, 2010–2018
           5.2.4 CHALLENGES
                    5.2.4.1 Scarcity of commissioning and repair vessels
                    5.2.4.2 Alternative modes of internet service provisioning
    5.3 VALUE CHAIN ANALYSIS
          FIGURE 27 VALUE CHAIN OF SUBMARINE CABLE SYSTEMS MARKET, 2020
    5.4 ECOSYSTEM ANALYSIS
          FIGURE 28 GLOBAL SUBMARINE CABLE SYSTEMS MARKET: ECOSYSTEM ANALYSIS
          TABLE 9 ECOSYSTEM OF SUBMARINE CABLE SYSTEMS MARKET
    5.5 PRICING ANALYSIS
          FIGURE 29 CAPEX STRUCTURE AND OPEX STRUCTURE OF SUBMARINE CABLE SYSTEMS

6 SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION (Page No. - 76)
    6.1 INTRODUCTION
          FIGURE 30 POWER CABLES TO HOLD MAJOR MARKET SHARE THROUGHOUT PROJECTED PERIOD
          TABLE 10 SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 11 SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    6.2 COMMUNICATION CABLES
           6.2.1 INCREASING DEMAND FOR HIGH-CAPACITY COMMUNICATION INFRASTRUCTURE LEADING TO RISE IN GLOBAL DEMAND FOR SUBMARINE COMMUNICATION CABLES
                    FIGURE 31 4G AND 5G DOWNLOAD SPEED (MBPS) COMPARISON IN KEY COUNTRIES (2020)
                    FIGURE 32 CONNECTED DEVICES, 2018–2026 (BILLION)
                    FIGURE 33 COMPARISON OF ADOPTION SHARE FOR CONVENTIONAL VS. CLOUD DATA CENTERS (2015–2020)
    6.3 POWER CABLES
           6.3.1 INCREASING OFFSHORE WIND FARM INSTALLATIONS TO CONTRIBUTE TO DEMAND FOR SUBMARINE POWER CABLES GLOBALLY
                    FIGURE 34 ANNOUNCED OFFSHORE WIND CAPACITY (MW), 2021–2026
                    TABLE 12 MAJOR UPCOMING OFFSHORE WIND TENDERS

7 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT (Page No. - 83)
    7.1 INTRODUCTION
          TABLE 13 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2018–2020 (USD MILLION)
          TABLE 14 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
    7.2 DRY PLANT PRODUCTS
           7.2.1 SUBMARINE LINE TERMINAL EQUIPMENT (SLTE)
           7.2.2 SUBMARINE LINE MONITORS (SLM)
           7.2.3 POWER FEEDING EQUIPMENT (PFE)
           7.2.4 WET PLANT PRODUCTS
                    TABLE 15 SUBMARINE COMMUNICATION CABLE MARKET, BY WET PLANT PRODUCTS, 2018–2020 (USD MILLION)
                    TABLE 16 SUBMARINE COMMUNICATION CABLE MARKET, BY WET PLANT PRODUCTS, 2021–2026 (USD MILLION)
                    7.2.4.1 Repeaters
                    7.2.4.2 Branching units (BU)
                    7.2.4.3 Cables
                    7.2.4.4 Others

8 SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING (Page No. - 88)
    8.1 INTRODUCTION
          TABLE 17 SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
          TABLE 18 SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    8.2 INSTALLATION & COMMISSIONING
           8.2.1 INSTALLATION & COMMISSIONING SEGMENT TO WITNESS HIGHEST GROWTH RATE IN EMEA
                    TABLE 19 SUBMARINE COMMUNICATION CABLE MARKET FOR INSTALLATION & COMMISSIONING, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 20 SUBMARINE COMMUNICATION CABLE MARKET FOR INSTALLATION & COMMISSIONING, BY REGION, 2021–2026 (USD MILLION)
    8.3 MAINTENANCE
           8.3.1 TRANSATLANTIC REGION TO ACCOUNT FOR LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET FOR MAINTENANCE
                    TABLE 21 SUBMARINE COMMUNICATION CABLE MARKET FOR MAINTENANCE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 22 SUBMARINE COMMUNICATION CABLE MARKET FOR MAINTENANCE, BY REGION, 2021–2026 (USD MILLION)
    8.4 UPGRADES
           8.4.1 UPGRADES SEGMENT TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                    TABLE 23 SUBMARINE COMMUNICATION CABLE MARKET FOR UPGRADES, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 24 SUBMARINE COMMUNICATION CABLE MARKET FOR UPGRADES, BY REGION, 2021–2026 (USD MILLION)

9 SUBMARINE POWER CABLE MARKET, BY TYPE (Page No. - 94)
    9.1 INTRODUCTION
          TABLE 25 SUBMARINE POWER CABLE MARKET, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 26 SUBMARINE POWER CABLE MARKET, BY TYPE, 2021–2026 (USD MILLION)
    9.2 SINGLE CORE
           9.2.1 SINGLE CORE SEGMENT TO LEAD SUBMARINE POWER CABLE MARKET FROM 2021 TO 2026
                    TABLE 27 SUBMARINE SINGLE-CORE POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 28 SUBMARINE SINGLE-CORE POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.3 MULTICORE
           9.3.1 MULTICORE CABLES HAVE REDUCED INSTALLATION COSTS AS THEY LAY COMPLETE CIRCUIT IN ONE TRENCH
                    TABLE 29 SUBMARINE MULTICORE POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 30 SUBMARINE MULTICORE POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)

10 SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE (Page No. - 98)
     10.1 INTRODUCTION
             TABLE 31 SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE, 2018–2020 (USD MILLION)
             TABLE 32 SUBMARINE POWER CABLE MARKET, BY INSULATION TYPE, 2021–2026 (USD MILLION)
     10.2 CROSS-LINKED POLYETHYLENE (XLPE)
             TABLE 33 SUBMARINE CROSS-LINKED POLYETHYLENE (XLPE) POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 34 SUBMARINE CROSS-LINKED POLYETHYLENE (XLPE) POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.3 OIL-IMPREGNATED PAPER (OIP)
             TABLE 35 SUBMARINE OIL-IMPREGNATED PAPER POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 36 SUBMARINE OIL-IMPREGNATED PAPER POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.4 RESIN-IMPREGNATED PAPER (RIP)
             TABLE 37 SUBMARINE RESIN-IMPREGNATED PAPER (RIP) POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 38 SUBMARINE RESIN-IMPREGNATED PAPER (RIP) POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.5 RESIN-IMPREGNATED SYNTHETICS (RIS)
             10.5.1 AN EMERGING TECHNOLOGY EXPECTED TO GAIN SIZABLE TRACTION IN COMING DECADE
                        TABLE 39 SUBMARINE RESIN-IMPREGNATED SYNTHETICS (RIS) POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 40 SUBMARINE RESIN-IMPREGNATED SYNTHETICS (RIS) POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)

11 SUBMARINE POWER CABLE MARKET, BY VOLTAGE (Page No. - 104)
     11.1 INTRODUCTION
             TABLE 41 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2018–2020 (USD MILLION)
             TABLE 42 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2021–2026 (USD MILLION)
     11.2 MEDIUM VOLTAGE
             11.2.1 EUROPE HELD LARGEST SHARE OF MEDIUM-VOLTAGE SUBMARINE POWER CABLE MARKET IN 2020
                        TABLE 43 SUBMARINE MEDIUM-VOLTAGE POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 44 SUBMARINE MEDIUM-VOLTAGE POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.3 HIGH VOLTAGE
             11.3.1 LOW TRANSMISSION LOSSES OFFERED BY HIGH-VOLTAGE SUBMARINE POWER CABLES BOOST THEIR GLOBAL DEMAND
                        TABLE 45 SUBMARINE HIGH-VOLTAGE POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 46 SUBMARINE HIGH-VOLTAGE POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)

12 SUBMARINE POWER CABLE MARKET, BY END USER (Page No. - 108)
     12.1 INTRODUCTION
             TABLE 47 SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 48 SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
     12.2 OFFSHORE WIND POWER GENERATION
             12.2.1 INCREASE IN USE OF SUBMARINE POWER CABLES FOR LONG-DISTANCE POWER TRANSMISSION BY OFFSHORE WIND POWER GENERATION PLANTS
                        FIGURE 35 OFFSHORE WIND POWER INSTALLATION (GW), 2010–2020
                        TABLE 49 SUBMARINE POWER CABLE MARKET FOR OFFSHORE WIND POWER GENERATION, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 50 SUBMARINE POWER CABLE MARKET FOR OFFSHORE WIND POWER GENERATION, BY REGION, 2021–2026 (USD MILLION)
     12.3 INTERCOUNTRY & ISLAND CONNECTION
             12.3.1 IMPROVED POWER SUPPLY TO ISLANDS AND UPGRADES TO EXISTING NETWORKS LEADING TO GROWTH OF INTERCOUNTRY & ISLAND CONNECTION SEGMENT
                        TABLE 51 SUBMARINE POWER CABLE MARKET FOR INTERCOUNTRY & ISLAND CONNECTION, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 52 SUBMARINE POWER CABLE MARKET FOR INTERCOUNTRY & ISLAND CONNECTION, BY REGION, 2021–2026 (USD MILLION)
     12.4 OFFSHORE OIL & GAS
             12.4.1 INCREASING SUBSEA OPERATIONS AND DEEPWATER DRILLING ACTIVITIES ARE DRIVING SUBMARINE POWER CABLE FOR OFFSHORE OIL & GAS
                        FIGURE 36 OFFSHORE OIL & GAS RIG COUNT, 2019 & 2020
                        TABLE 53 SUBMARINE POWER CABLE MARKET FOR OFFSHORE OIL & GAS, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 54 SUBMARINE OFFSHORE OIL & GAS POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)

13 GEOGRAPHIC ANALYSIS OF SUBMARINE POWER CABLE MARKET (Page No. - 114)
     13.1 INTRODUCTION
             FIGURE 37 EUROPE TO HOLD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2021
             TABLE 55 SUBMARINE POWER CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 56 SUBMARINE POWER CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     13.2 NORTH AMERICA
             FIGURE 38 NORTH AMERICA: SNAPSHOT OF SUBMARINE POWER CABLE MARKET
             TABLE 57 NORTH AMERICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 58 NORTH AMERICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 59 NORTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 60 NORTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.2.1 US
                        13.2.1.1 Increasing number of offshore wind projects and growing demand for enhancing oil output drive market growth
                                      TABLE 61 US SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 62 US SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.2.2 CANADA
                        13.2.2.1 Discovery of new oil & gas reserves and upcoming offshore wind generation projects to drive market growth in Canada
                                      TABLE 63 CANADA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 64 CANADA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.2.3 MEXICO
                        13.2.3.1 Initiatives undertaken by government to boost oil production contribute to market growth in Mexico
                                      TABLE 65 MEXICO SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 66 MEXICO SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
     13.3 EUROPE
             FIGURE 39 EUROPE: SNAPSHOT OF SUBMARINE POWER CABLE MARKET
             TABLE 67 EUROPE SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 68 EUROPE SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 69 EUROPE SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 70 EUROPE SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.1 UK
                        13.3.1.1 Rising offshore wind capacity investments fueling market growth in UK
                                      TABLE 71 UK SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 72 UK SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.2 GERMANY
                        13.3.2.1 Government initiatives to drive market growth in Germany
                                      TABLE 73 GERMANY SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 74 GERMANY SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.3 DENMARK
                        13.3.3.1 Increasing adoption of new technologies to tap undiscovered oil & gas reserves contributes to market growth in Denmark
                                      TABLE 75 DENMARK SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 76 DENMARK SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.4 NETHERLANDS
                        13.3.4.1 Government initiatives and schemes to promote use of sustainable energy fuel market growth in Netherlands
                                      TABLE 77 NETHERLANDS SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 78 NETHERLANDS SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.5 NORWAY
                        13.3.5.1 Increased investments in planning & development of new offshore wind projects leading to market growth in Norway
                                      TABLE 79 NORWAY SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 80 NORWAY SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.3.6 REST OF EUROPE
                        TABLE 81 REST OF EUROPE SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 82 REST OF EUROPE SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
     13.4 APAC
             FIGURE 40 APAC: SNAPSHOT OF SUBMARINE POWER CABLE MARKET
             TABLE 83 APAC SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 84 APAC SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 85 APAC SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 86 APAC SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.1 CHINA
                        13.4.1.1 Planned investments for using renewable power sources to contribute to market growth in China
                                      TABLE 87 CHINA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 88 CHINA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.2 JAPAN
                        13.4.2.1 Advanced R&D activities related to offshore wind energy generation to contribute to market growth in Japan
                                      TABLE 89 JAPAN SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 90 JAPAN SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.3 SOUTH KOREA
                        13.4.3.1 Rise in offshore wind installations in South Korea to contribute to market growth in country
                                      TABLE 91 SOUTH KOREA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 92 SOUTH KOREA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.4 MALAYSIA
                        13.4.4.1 Initiatives undertaken by government to increase aggregate oil, gas, and energy production capacity to drive market growth
                                      TABLE 93 MALAYSIA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 94 MALAYSIA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.5 INDONESIA
                        13.4.5.1 Increased investments for intercountry grid connections in Indonesia to fuel market growth
                                      TABLE 95 INDONESIA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 96 INDONESIA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.4.6 REST OF APAC
                        TABLE 97 REST OF APAC SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 98 REST OF APAC SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
     13.5 MIDDLE EAST & AFRICA
             TABLE 99 MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 100 MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 101 MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 102 MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.5.1 UAE
                        13.5.1.1 UAE to account for second-largest size of submarine power cable market in Middle East & Africa during forecast period
                                      TABLE 103 UAE SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 104 UAE SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.5.2 SAUDI ARABIA
                        13.5.2.1 Submarine power cable market in Saudi Arabia to grow at highest CAGR among all MEA countries during forecast period
                                      TABLE 105 SAUDI ARABIA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 106 SAUDI ARABIA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.5.3 ANGOLA
                        13.5.3.1 Rise in number of offshore oil & gas exploration activities to lead to market growth in Angola
                                      TABLE 107 ANGOLA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 108 ANGOLA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.5.4 REST OF MIDDLE EAST & AFRICA
                        TABLE 109 REST OF MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 110 REST OF MIDDLE EAST & AFRICA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
     13.6 SOUTH AMERICA
             TABLE 111 SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 112 SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 113 SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 114 SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.6.1 BRAZIL
                        13.6.1.1 Emergence of Brazil as promising market for wind energy fuels market growth
                                      TABLE 115 BRAZIL SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 116 BRAZIL SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.6.2 ARGENTINA
                        13.6.2.1 New offshore oil and gas exploration and production activities and significant investments in grid interconnections contribute to market growth in Argentina
                                      TABLE 117 ARGENTINA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                                      TABLE 118 ARGENTINA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)
             13.6.3 REST OF SOUTH AMERICA
                        TABLE 119 REST OF SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 120 REST OF SOUTH AMERICA SUBMARINE POWER CABLE MARKET, BY END USER, 2021–2026 (USD MILLION)

14 GEOGRAPHIC ANALYSIS OF SUBMARINE COMMUNICATION CABLE MARKET (Page No. - 146)
     14.1 INTRODUCTION
             TABLE 121 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 122 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2021–2026 (USD MILLION)
     14.2 TRANSATLANTIC
             14.2.1 SURGING REQUIREMENT FOR SUBMARINE CABLE CAPACITY ENHANCEMENTS ALONG NORTH TRANSATLANTIC REGION IS CONTRIBUTING TO MARKET GROWTH IN TRANSATLANTIC
                        TABLE 123 TRANSATLANTIC SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 124 TRANSATLANTIC SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     14.3 TRANSPACIFIC
             14.3.1 INCREASING ACTIVITIES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS IN US, EAST ASIA, AND SOUTHEAST ASIA LEADING TO MARKET GROWTH IN TRANSPACIFIC
                        TABLE 125 TRANSPACIFIC SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 126 TRANSPACIFIC SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     14.4 INTRA-ASIA
             14.4.1 GROWING CONTRIBUTION OF OTT PLAYERS IN CAPACITY ENHANCEMENT OF SUBMARINE COMMUNICATION CABLE WOULD DRIVE MARKET GROWTH
                        TABLE 127 INTRA-ASIA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 128 INTRA-ASIA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     14.5 AMERICAS
             14.5.1 FLOURISHING MOBILE DATA MARKET IN LATIN AMERICA TO FUEL MARKET GROWTH IN AMERICAS
                        TABLE 129 AMERICAS SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 130 AMERICAS SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     14.6 EUROPE-ASIA
             14.6.1 GROWING ADOPTION OF MOBILE AND CLOUD AND RECENT BOOST IN DATA CENTER ACTIVITIES IN REGION TO LEAD TO MARKET GROWTH IN EUROPE-ASIA
                        TABLE 131 EUROPE-ASIA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 132 EUROPE-ASIA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     14.7 EMEA
             14.7.1 INCREASING ANNUAL ADDITION OF SMALL REGIONAL SUBMARINE COMMUNICATION CABLE SYSTEMS TO CONTRIBUTE TO MARKET GROWTH IN EMEA
                        TABLE 133 EMEA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2018–2020 (USD MILLION)
                        TABLE 134 EMEA SUBMARINE COMMUNICATION CABLE MARKET, BY OFFERING, 2021–2026 (USD MILLION)

15 COMPETITIVE LANDSCAPE (Page No. - 154)
     15.1 OVERVIEW
     15.2 REVENUE ANALYSIS
             FIGURE 41 3-YEAR REVENUE ANALYSIS OF TOP 3 PLAYERS IN SUBMARINE COMMUNICATION CABLE MARKET
             FIGURE 42 3-YEAR REVENUE ANALYSIS OF TOP 3 PLAYERS IN SUBMARINE POWER CABLE MARKET
     15.3 MARKET SHARE ANALYSIS (2020)
             TABLE 135 SUBMARINE CABLE SYSTEMS MARKET: MARKET SHARE ANALYSIS
     15.4 MARKET SHARE ANALYSIS FOR SUBMARINE OPTICAL FIBER CABLE MARKET (2020)
             15.4.1 TOP 5 COMPANIES AND COUNTRIES IN SUBMARINE OPTICAL FIBER CABLE ECOSYSTEM
                        TABLE 136 SUBMARINE OPTICAL FIBER CABLE MARKET: MARKET SHARE OF TOP 5 MANUFACTURERS
                        TABLE 137 SUBMARINE OPTICAL FIBER CABLE MARKET: MARKET SHARE OF TOP 5 COUNTRIES
     15.5 COMPANY EVALUATION QUADRANT, 2020
             15.5.1 STAR
             15.5.2 PERVASIVE
             15.5.3 EMERGING LEADER
             15.5.4 PARTICIPANT
                        FIGURE 43 SUBMARINE CABLE SYSTEMS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
                        TABLE 138 SUBMARINE POWER CABLE SYSTEMS MARKET: COMPANY FOOTPRINT
                        TABLE 139 SUBMARINE POWER CABLE SYSTEMS MARKET: END USER FOOTPRINT
                        TABLE 140 SUBMARINE POWER CABLE SYSTEMS MARKET: TYPE FOOTPRINT
                        TABLE 141 SUBMARINE POWER CABLE SYSTEMS MARKET: REGION FOOTPRINT
                        TABLE 142 SUBMARINE COMMUNICATION CABLE SYSTEMS MARKET: COMPANY FOOTPRINT
                        TABLE 143 SUBMARINE COMMUNICATION CABLE SYSTEMS MARKET: OFFERINGS FOOTPRINT
                        TABLE 144 SUBMARINE COMMUNICATION CABLE SYSTEMS MARKET: TYPE FOOTPRINT
                        TABLE 145 SUBMARINE COMMUNICATION CABLE SYSTEMS MARKET: REGION FOOTPRINT
     15.6 COMPETITIVE SCENARIO AND TRENDS
             TABLE 146 SUBMARINE CABLE SYSTEMS MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2019–OCTOBER 2021
             TABLE 147 SUBMARINE CABLE SYSTEMS MARKET: DEALS, JANUARY 2019−OCTOBER 2021

16 COMPANY PROFILES (Page No. - 178)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     16.1 KEY PLAYERS
             16.1.1 ALCATEL-LUCENT (NOKIA)
                        TABLE 148 ALCATEL-LUCENT (NOKIA): BUSINESS OVERVIEW
                        FIGURE 44 ALCATEL-LUCENT (NOKIA): COMPANY SNAPSHOT
             16.1.2 PRYSMIAN GROUP
                        TABLE 149 PRYSMIAN GROUP: BUSINESS OVERVIEW
                        FIGURE 45 PRYSMIAN GROUP: COMPANY SNAPSHOT
             16.1.3 SUBCOM
                        TABLE 150 SUBCOM: BUSINESS OVERVIEW
             16.1.4 NEC CORPORATION
                        TABLE 151 NEC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 46 NEC CORPORATION: COMPANY SNAPSHOT
             16.1.5 NEXANS
                        TABLE 152 NEXANS: BUSINESS OVERVIEW
                        FIGURE 47 NEXANS: COMPANY SNAPSHOT
     16.2 OTHER PLAYERS
             16.2.1 GOOGLE CLOUD PRODUCTS
                        TABLE 153 GOOGLE CLOUD PRODUCTS: BUSINESS OVERVIEW
                        FIGURE 48 GOOGLE: COMPANY SNAPSHOT
             16.2.2 SAUDI ERICSSON
                        TABLE 154 SAUDI ERICSSON: BUSINESS OVERVIEW
             16.2.3 HENGTONG
                        TABLE 155 HENGTONG: BUSINESS OVERVIEW
             16.2.4 ZTT
                        TABLE 156 ZTT: BUSINESS OVERVIEW
             16.2.5 NKT
                        TABLE 157 NKT: BUSINESS OVERVIEW
                        FIGURE 49 NKT: COMPANY SNAPSHOT
             16.2.6 CORNING INC.
                        TABLE 158 CORNING INC: BUSINESS OVERVIEW
                        FIGURE 50 CORNING INC: COMPANY SNAPSHOT
             16.2.7 THE OKONITE COMPANY
                        TABLE 159 THE OKONITE COMPANY: BUSINESS OVERVIEW
             16.2.8 APAR INDUSTRIES
                        TABLE 160 APAR INDUSTRIES: BUSINESS OVERVIEW
                        FIGURE 51 APAR INDUSTRIES: COMPANY SNAPSHOT
             16.2.9 AFL
                        TABLE 161 AFL: BUSINESS OVERVIEW
     16.3 INNOVATORS
             16.3.1 TELE-FONIKA KABLE (TF KABLE)
             16.3.2 HEXATRONIC
             16.3.3 JDR CABLE SYSTEMS LTD.
             16.3.4 CABLEL HELLENIC CABLES GROUP
             16.3.5 OCEAN SPECIALISTS, INC
             16.3.6 SSG CABLE
             16.3.7 OCC CORPORATION
             16.3.8 1X TECHNOLOGIES LLC
             16.3.9 TRATOS
             16.3.10 GENERAL CABLE
             16.3.11 SUMITOMO ELECTRIC INDUSTRIES, LTD.

*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 235)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.4 AVAILABLE CUSTOMIZATIONS
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involves four major activities for estimating the size of the submarine cable systems market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Top-down and bottom-up approaches have been used to estimate and validate the size of the submarine cable systems market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as Energy Information Administration, Global Wind Energy Council, European Subsea Cables Association, World Bank, Department of Energy, Information Technology & Innovation Foundation, and Asian Development Bank have been used to identify and collect information for an extensive technical and commercial study of the submarine cable systems market.

Primary Research

Extensive primary research was conducted after understanding and analyzing the submarine cable systems market through secondary research. Several primary interviews were conducted with key opinion leaders from both the demand- and supply-side vendors across major regions—North America, Europe, APAC, The Middle East & Africa, and South America. Approximately 30% of the primary interviews were conducted with the demand-side vendors and 70% with the supply-side vendors. This primary data was mainly collected through telephonic interviews/web conferences, which consist of 75% of total primary interviews, as well as questionnaires and e-mails.

IoT in Smart Cities Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The submarine cable systems market consists of two core applications: submarine power cable systems and submarine communication cable systems. Usually, submarine power cables have insulation of Cross-linked Polyethylene (XLPE), Oil Impregnated Paper, Resin Impregnated Paper (RIP), and Resin Impregnated Synthetics (RIS). These power cables are being widely adopted by Offshore Wind, Inter-Country & Island Connections, and Offshore Oil & Gas end users.

Top-down and bottom-up approaches have been used to estimate and validate the size of the submarine cable systems market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained earlier, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the submarine cable systems market, in terms of value,
    by application, insulation, type, voltage, component, offering, and end user.
  • To describe and forecast the submarine power cable systems market, in terms of value, for five main regions – North America, Europe, APAC, Middle East & Africa, and South America.
  • To describe and forecast the submarine communication cable systems market, in terms of value, for six main regions – Trans-Atlantic, Trans-Pacific, Intra-Asia, Americas, Eu-Asia, and EMEA.
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain of the submarine cable systems market
  • To provide a detailed impact of the COVID-19 pandemic on the submarine cable systems market, its segments, and the market players
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the submarine cable systems ecosystem
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide a detailed competitive landscape of the market
  • To analyze the competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research and development (R&D), in the submarine cable systems market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.

Company information:

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 6646
Published ON
Jan, 2022
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