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Submarine Optical Fiber Cable Market

A Detailed Analysis of Submarine Optical Fiber Cable Market on the Basis of Single Mode and Multi-mode

Data Superhighways: Explore with PMR How Rise of Submarine Optical Fiber Cables in Connectivity across Numerous Countries Would Push the Market!

Submarine Optical Fiber Cable Market Outlook (2023 to 2033)

The global submarine optical fiber cable industry size is anticipated to reach US$ 67.8 billion in 2033. It is set to exhibit a CAGR of around 12.6% in the estimated time frame between 2023 and 2033. The market is likely to surpass a valuation of US$ 20.6 billion by 2023.

Ongoing expansion of global telecommunications networks is driving the need for extensive submarine cable infrastructure. This expansion is fueled by increasing demand for high-speed data transmission, reliable connectivity, and seamless global communication.

Surging digitization across various sectors, including finance, e-commerce, media, and healthcare, has led to a substantial increase in data generation & consumption. This exponential growth in data volumes requires robust and scalable connectivity solutions. Submarine optical fiber cables provide the necessary backbone for transmitting vast amounts of data over long distances.

Global adoption of cloud computing services and proliferation of digital content streaming platforms have significantly increased bandwidth requirements. Submarine optical fiber cables offer high-capacity data transmission capabilities that can meet the bandwidth demands of these services, ensuring smooth and uninterrupted connectivity.

A few latest trends in the global submarine optical fiber cable market:

  • Increasing deployment of high-capacity submarine optical fiber cables to meet growing bandwidth demands is likely to push growth.
  • Adoption of advanced technologies such as coherent transmission and wavelength division multiplexing (WDM) for increased data transmission capacity would aid sales.
  • Collaboration between key players for joint cable projects to optimize costs and improve efficiency is expected to bolster growth.
  • Increasing use of submarine cable systems for renewable energy projects and offshore data centers is likely to accelerate sales.
  • Exploration of new routes and landing points to expand global submarine cable network coverage is estimated to drive growth.
  • Integration of advanced monitoring and maintenance systems for proactive cable management is set to fuel growth
Attributes Key Insights

Submarine Optical Fiber Cable Market Estimated Size (2023E)

US$ 20.6 billion

Projected Market Valuation (2033F)

US$ 67.8 billion

Value-based CAGR (2023 to 2033)

12.6%

United States Value-based CAGR (2023 to 2033)

12.5%

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2018 to 2022 Submarine Optical Fiber Cable Market Outlook Compared to Demand Forecast from 2023 to 2033

Persistence Market Research (PMR) mentions that the global submarine optical fiber cable industry showcased a CAGR of 14.0% in the historical period. It is anticipated to exhibit 12.6% CAGR in the next ten years.

Demand for submarine optical fiber cables has experienced significant growth in recent years due to several key factors in the industry. Rapid expansion of global telecommunications networks has necessitated the deployment of extensive undersea cable infrastructure.

It is mainly propelled by increasing demand for high-speed data transmission and reliable connectivity. Growth is further fueled by proliferation of digital content, cloud computing services, and exponential growth of internet users worldwide.

Emergence of advanced technologies and bandwidth-intensive applications such as video streaming, online gaming, and virtual reality, has placed higher requirements on data transmission capacities & latency reduction. Submarine optical fiber cables, with their ability to transmit vast amounts of data over long distances, have become the preferred solution to meet these connectivity needs.

Growing interconnectivity between continents and regions for international trade, finance, and global collaboration has resulted in rising demand for reliable & secure communication links. Submarine optical fiber cables would offer a robust and secure transmission medium, ensuring an uninterrupted flow of critical data across borders.

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What Are the Drivers Fueling Submarine Optical Fiber Cable Sales Globally?

With proliferation of digital content and cloud services, there is a growing demand for high-speed data transmission across the globe. Surging need for high-speed data transmission solutions has propelled submarine optical fiber cable sales in the market.

High demand can be attributed to exponential rise in digital content creation and consumption, as well as widespread adoption of data-intensive applications. A couple of these include cloud services and video streaming. Crucial need for real-time data analysis and decision-making in various sectors is also expected to push demand.

In order to meet these requirements, market players are seeking the fastest and most reliable means of transmitting large volumes of data over significant distances. These factors are making submarine optical fiber cables the preferred choice in the global market.

Demand for high-speed data transmission is expected to continue to surge in the next ten years. It would be driven by increasing adoption of 5G wireless networks, the internet of things (IoT), and other emerging technologies. This is projected to expand the submarine optical fiber cable industry, as demand for faster and more reliable communication across the globe continues to increase.

In 2018, there were around 5.52 billion IoT connections worldwide, which increased to about 14.82 billion by 2022. It is projected that by 2028, there will be around 38.12 billion IoT connections worldwide.

As transmission of data between these devices and the cloud requires a reliable and high-bandwidth infrastructure, the market is set to expand. With increasing adoption of IoT around the world, demand for faster global communication is projected to surge during the assessment period.

Increasing internet penetration amid rising adoption of smartphones, tablets, and other connected devices is projected to bolster sales. Need to browse the web, stream videos, play games, and use social media platforms is likely to further propel demand for these devices globally. As a result, demand for high-speed internet access is growing rapidly.

Submarine optical fiber cables serve as the fundamental infrastructure supporting the interconnected global telecommunications network. With their capability to facilitate high-speed data transmission across extensive distances, these cables have become integral for establishing reliable internet connectivity.

Such cables play a vital role in interconnecting critical components such as data centers, internet service providers, and other entities with significant bandwidth requirements. These help to ensure seamless and efficient data transfer throughout the network.

In 2019, there were around 12 million 5G subscribers globally, which increased to about 1 billion by 2022. These are projected to reach 4 billion by 2027. Rapid adoption of 5G around the world is anticipated to bolster submarine optical fiber cable demand during the evaluation period.

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Country-wise Insights:

Are Submarine Optical Fiber Cables in High Demand across the United States?

The United States submarine optical fiber cable industry is expected to surpass US$ 13.7 billion by 2033. It is likely to create an absolute dollar opportunity of US$ 9.5 billion in the evaluation period.

The United States witnessed growth at a CAGR of 13.9% from 2018 to 2022. It is likely to bolster at a CAGR of 12.5% from 2023 to 2033.

Demand for submarine optical fiber cables in the country can be attributed to expansion of telecommunications networks. Increasing adoption of digital services is also set to generate a significant need for robust and reliable connectivity infrastructure. Submarine optical fiber cables would provide the necessary high-speed data transmission capabilities to meet this growing demand.

The United States is witnessing a rapid growth in data consumption due to proliferation of digital content, cloud computing, and bandwidth-intensive applications. As a result, there is a heightened requirement for submarine optical fiber cables to support the seamless transmission of large volumes of data over long distances.

Will the United Kingdom Experience Significant Sales of Submarine Optical Fiber Cables?

The United Kingdom submarine optical fiber cable market is set to be worth US$ 2.5 billion in 2033. It is predicted to create an absolute dollar growth of US$ 1.7 billion till 2033.

The United Kingdom witnessed steady growth at a CAGR of 13.7% from 2018 to 2022. It is expected to elevate at a CAGR of 12.2% from 2023 to 2033.

The United Kingdom has a highly developed telecommunications sector with a strong emphasis on connectivity and digital infrastructure. As demand for high-speed data transmission and reliable connectivity continues to rise, there is an increasing need for submarine optical fiber cables. These would help to support expansion of the country's telecommunications networks.

The United Kingdom serves as a leading hub for international business and finance. This role necessitates robust and secure communication links, which are facilitated by submarine optical fiber cables. These cables enable reliable and high-capacity data transmission, meeting the connectivity demands of the financial sector, global enterprises, and other industries that rely on seamless international communication.

Is There a Notable Demand for Submarine Optical Fiber Cables in China?

China submarine optical fiber cable market is expected to be worth US$ 14.8 billion by 2033. It is anticipated to create an incremental opportunity of US$ 10.2 billion in the assessment period.

China exhibited considerable growth at a CAGR of 13.8% from 2018 to 2022. It is likely to surge at a CAGR of 12.3% from 2023 to 2033.

China is witnessing exponential growth in internet users, mobile device penetration, and data consumption. This surge in digital activity, driven by e-commerce, video streaming, and cloud computing, necessitates the deployment of extensive submarine cable infrastructure. Submarine optical fiber cables provide the high-capacity transmission capabilities required to support this burgeoning digital ecosystem.

China's Belt and Road Initiative (BRI) aims to enhance connectivity and trade across Asia, Europe, and Africa. Submarine optical fiber cables play a vital role in establishing the necessary communication links between these regions. These would further help in facilitating seamless data exchange and enabling economic cooperation.

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Category-wise Insights

Which Type of Submarine Optical Fiber Cable would Showcase High Popularity?

The single-mode segment by type is anticipated to dominate the global submarine optical fiber cable market in the forecast period. It witnessed average growth at a CAGR of 13.5% from 2018 to 2022. It is expected to rise at a CAGR of 12.4% from 2023 to 2033.

Increasing demand for higher data transmission capacities and longer transmission distances necessitates the use of single-mode fibers. These fibers have a smaller core diameter compared to multi-mode fibers, allowing for lower signal attenuation and higher bandwidth capabilities. As a result, single-mode submarine optical fiber cables can support high-speed data transmission over vast distances, meeting growing connectivity needs of the market.

Adoption of advanced technologies such as coherent transmission and wavelength division multiplexing (WDM) has further propelled the popularity of single-mode cables. These technologies require high-quality transmission paths that can minimize signal degradation and maximize spectral efficiency.

Single-mode fibers excel in providing low signal loss and high spectral efficiency, making them an ideal choice for deploying cutting-edge technologies. These can also be used for maximizing the capacity of submarine cable systems.

Which is the Dominant Application of Submarine Optical Fiber Cables?

Based on application, the communication segment is projected to witness significant growth through 2033. It showcased a decent CAGR of 13.8% from 2018 to 2022. The segment is anticipated to accelerate at a CAGR of 12.2% from 2023 to 2033.

Submarine optical fiber cables provide a high-capacity bandwidth, allowing for efficient transmission of large volumes of data. This is crucial in the communication sector, where demand for data-intensive services such as video streaming, cloud computing, and online collaboration continues to rise exponentially.

Low signal loss and high-speed data transmission capabilities of submarine optical fiber cables make them crucial for achieving fast and efficient communication. In sectors such as finance, where split-second transactions are critical, low latency connectivity provided by submarine cables is essential for maintaining real-time data transfer and decision-making.

Submarine optical fiber cables are designed to transmit data over vast distances, making them ideal for establishing communication links between continents, islands, and remote coastal regions. They enable seamless and reliable connectivity across long distances, supporting global communication networks and international data exchange.

Competitive Landscape

Submarine optical fiber cable manufacturers are investing heavily in research & development to innovate and enhance the performance of their cables. This includes developing higher-capacity cables, improving signal transmission efficiency, and increasing resilience of cables to external factors such as deep-sea conditions & natural disasters.

They are constantly seeking ways to optimize production costs without compromising quality. This involves streamlining manufacturing processes, sourcing raw materials efficiently, and adopting cost-effective design & production techniques.

A few other companies are expanding their global presence by establishing manufacturing facilities, research centers, and sales offices in strategic locations. This would enable them to better serve regional markets, tap into emerging markets, and reduce logistical costs.

A few recent developments in the submarine optical fiber cable market are:

  • In February 2022, SubCom LLC announced that a contract is in force between SubCom LLC and Southeast Asia-Middle East Western Europe 6 consortium (SEA-ME-WE 6). The company also announced that it will supply and install about 19,200 km of undersea cable systems between Singapore and France connecting at 12 locations. These new cable systems will enable the consortium partners to provide better services to their customers.
  • In March 2021, Google and Facebook announced a partnership to lay a set of two subsea cables called Echo and Bifrost. These trans-pacific cables will enable the increase of data capacity in Asia and North America by around 70%. They would also help to improve the overall internet reliability.

Scope of the Report

Attribute Detail

Estimated Market Size (2023)

US$ 20.6 billion

Projected Market Valuation (2033)

US$ 67.8 billion

Value-based CAGR (2023 to 2033)

12.6%

Historical Data

2018 to 2022

Forecast Period

2023 to 2033

Quantitative Units

  • Value (US$ billion)
  • Volume (meter)

Market Segments Covered

  • Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Key Countries Covered

  • United States
  • Canada
  • Mexico
  • Argentina
  • Brazil
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • Nordics
  • BENELUX
  • Poland
  • Hungary
  • Romania
  • Czech Republic
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Association of Southeast Asian Nations
  • Australia and New Zealand
  • Kingdom of Saudi Arabia
  • United Arab Emirates
  • Türkiye
  • Northern Africa
  • South Africa
  • Israel

Key Companies Profiled

  • ABB Ltd.
  • Bharti Airtel Ltd.
  • Corning, Inc.
  • Ciena Corporation
  • Amphenol Corporation
  • Chunghwa Telecom Co., Ltd.
  • Belden, Inc.
  • China Unicom Global Limited
  • AFL
  • Dialog Axiata PLC

Report Coverage

  • Revenue Forecast
  • Volume Forecast
  • Company Ranking
  • Competitive Landscape
  • Growth Factors
  • Trends
  • Pricing Analysis

Submarine Optical Fiber Cable Market Outlook by Category

By Type:

  • Single Mode
  • Multi-mode

By Application:

  • Communication
  • Oil & Gas
  • Defense
  • Scientific Research

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • ABB Ltd.
  • Bharti Airtel Ltd
  • Corning, Inc
  • Ciena Corporation
  • Amphenol Corporation
  • Chunghwa Telecom Co., Ltd.
  • Belden, Inc
  • China Unicom Global Limited
  • AFL
  • Dialog Axiata PLC

- Frequently Asked Questions -

The global submarine optical fiber cable industry was worth US$ 18.2 billion in 2022.

The submarine optical fiber cable industry is projected to surpass market size of US$ 20.6 billion in 2023.

The submarine optical fiber cable industry in 2033 is expected to reach US$ 67.8 billion.

The submarine optical fiber cable industry exhibited a CAGR of 14.0% over the last 4 days.

The submarine optical fiber cable industry is likely to witness a CAGR of 12.6% in the next ten years.

The communication segment in terms of application is set to garner a significant share by 2023.

Japan and South Korea submarine optical fiber cable industry is set to exhibit CAGRs of 12.5% and 12.3%, respectively between 2023 and 2033.

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