Global Submarine Communication Cables Market Overview:
A submarine communications cable is a cable laid on the ocean bed between land-based stations to convey telecommunication signals across stretches of sea and ocean, likewise lake or tidal pond. The submarine communications cables laid start during the 1850s conveyed telecommunication traffic, building up the principal moment broadcast communications joins between landmasses. The benefits of submarine communication cables are offer higher bandwidth and low latency, offer high reliability and greater security, cables are very cost-effective compare to satellites, offer low power loss, and are immune to EM (Electro-magnetic) interference, and submarine cables are essentially non-polluting. However, the disadvantages of submarine communication cables are slow installation, tedious and expensive, require more time to repair, require repeaters at regular intervals, and used for espionage by countries during the war.
- Rise in the number of mobile users and increasing use of the networking sites
- Growing technology and information exchange among the different countries
- The growing craze for faster bandwidth communication which is now reaching above 20-50 Gbps
- Increasing emphasis of the researchers to enhance the capabilities of wireless or satellite-based communication
- A frequent requirement for the maintenance of the submarine cables
- Development of technology infrastructure in the emerging countries
- Development of a framework that helps in the fast installation of submarine communication cables
- Cables are not suitable for remote villages, terrains, small island nations, and hilly regions
- Installation of submarine communication cables is very much expensive which requires huge investment
The submarine communication cables market is overwhelmed by significant big technology organizations providing their cutting-edge innovation items in the worldwide market. The main players and a few privately owned businesses are expected to pick private organizations for improved information security are expected to further strengthen the market.
Some of the key players profiled in the report are General Cable Technologies Corporation (United States), Hengtong Marine Cable System (China), Alcatel Submarine Networks (France), NEC Corporation (Japan), OCC Corporation (United States), ZTT Group (China), Nexans S.A. (France), SubCom (United States), Prysmian (Italy) and Okonite (United States). Additionally, following companies can also be profiled that are part of our coverage like JDR Cable (United Kingdom), Hexatronic Cables & Interconnect Systems (United States), Alcatel-Lucent (France) and Apar Industries (India). Analyst at AMA Research see United States Players to retain maximum share of Global Submarine Communication Cables market by 2026. Considering Market by By Service, the sub-segment i.e. Layup services/Installation will boost the Submarine Communication Cables market. Considering Market by By Ownership, the sub-segment i.e. Consortiums will boost the Submarine Communication Cables market. Considering Market by By Project Type, the sub-segment i.e. New Projects will boost the Submarine Communication Cables market.
Latest Market Insights:
On 9 April 2019, H2 Cable and SubCom announced that they signed the contract for the supply and installation of the H2 submarine cable system. The cable will be the first to connect Australia and Hong Kong with direct access to China. The cable design also allows for a number of branching units that can be deployed to locations including Taiwan, Papua New Guinea, Solomon Island, Guam, Queensland, Hawaii, and Los Angeles.
On 27 May 2020, Ailes Marines in charge of the development, construction, installation, and operation of the offshore wind farm in the bay of Saint-Brieuc, has made a contract with Prysmian Group, the world leader in the energy and telecom cable systems industry to provide the submarine inter-array cable systems for the Saint-Brieuc offshore wind farm in France.
What Can be Explored with the Submarine Communication Cables Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Submarine Communication Cables Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Submarine Communication Cables
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Submarine Communication Cables market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Submarine Communication Cables market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Associations, Government Regulatory Authorities, Technology Research Institutions, Cable and Communication Equipment Suppliers and Equipment Manufacturing Companies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Submarine Communication Cables Market?
The Submarine Communication Cables market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Submarine Communication Cables Market?
Top performing companies in the Global Submarine Communication Cables market are General Cable Technologies Corporation (United States), Hengtong Marine Cable System (China), Alcatel Submarine Networks (France), NEC Corporation (Japan), OCC Corporation (United States), ZTT Group (China), Nexans S.A. (France), SubCom (United States), Prysmian (Italy) and Okonite (United States), to name a few.
3. What trending factors would impact Submarine Communication Cables Market growth most?
"Increasing technological advancements rise to demand for communication network
" is seen as one of major influencing trends for Submarine Communication Cables Market during projected period 2020-2026.