Growing demands for high-speed internet speed, focus on cloud-based facilities, increasing the role of artificial intelligence in submarine telecom cable systems, are expected to drive the growth of the Asia-Pacific Fiber Optic Cable Market in during the forecast period.
According to TechSci Research report, “Asia-Pacific Undersea Fiber Optic Cable Market – By Country, Competition Forecast & Opportunities, 2017-2027,” Asia-Pacific Undersea Fiber Optic Cable Market is expected to grow at CAGR of 15.04% to reach USD 10,102.87 million by 2027.
Rising demand for high bandwidth, growing use of fiber cable in the digital content sector, growing 5G deployment, and the rising emergence of industry 4.0 are expected to propel the Asia-Pacific Undersea Fiber Optic Cable Market during the forecast period.
Growing adoption of cloud services, increasing digitalization, big data & IoT adoption, 5G deployments, and growth in the inland and undersea activities in APAC are some of the main reasons for the increased number of hyperscalers, which directly affect the market of undersea fiber optic cables because undersea fiber optic cables are the backbone of the internet, carrying 95% of all telecommunications traffic for personal and business use. Moreover, Philippines is poised to be next hyperscaler hub in APAC because too many opportunities for investments and partnerships await the hyperscaler and data center firms who want to invest in the country, which ultimately increases the demand for undersea fiber optic cables in APAC.
In APAC, India holds around 15% of Facebook’s global consumer base and is the largest market for Facebook globally. For a country of a billion people with around 400 million users on Facebook, the demand for data center capacity increases. As a result, in order to meet the exponential capacity demand, as well as to interconnect data centers with the lowest latency, the demand for undersea fiber optic cables increases.
Browse over 78 market data Figures spread through 277 Pages and an in-depth TOC on “Asia-Pacific Undersea Fiber Optic Cable Market”
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Asia-Pacific undersea fiber optic cable market is segmented on the basis of cable type, insulation type, end use industry, by country, and by company. Based on cable type, the market is further fragmented into loose tube, ribbon tube, micro loose tube, and others. Loose Tube is the dominating cable design in the Asia-Pacific Undersea Fiber Optic Cable Market, accounting for a share of 48.05% in 2021 and growing at a CAGR of 17.01% during the forecast period.
The loose tube cables are proven to be the best solution for harsh environmental conditions outdoors because they offer the best protection for the fibers under high pulling tensions and can be easily protected from moisture with water-blocking gel or tapes. Additionally, the central loose tube offers labor reduction in cable installation and is eco-friendly. Furthermore, the fast access technology used in loose tube cables can reduce cable access times by up to 60%, allowing the customer to remove the thin film with an easy-to-access ripcord easily.
Based on insulation type, the market is further segmented into cross-linked polyethylene, oil-impregnated paper, resin-impregnated paper, and others. Cross-Linked Polyethylene is the dominating insulation type in the Asia-Pacific Undersea Fiber Optic Cable Market, accounting for a share of 75.92% in 2021 and growing at a CAGR of 16.76% during the forecast period.
Cross-linking can solve plumbing problems at a lower cost and is sometimes easier to install.
It is more cost-effective than traditional solutions. Due to increased construction and infrastructure activities, the number of telecommunication companies is rapidly growing, increasing the demand for cross-Linked Polyethylene for insulation.
Key market players in the Asia-Pacific undersea fiber optic cable market include:
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“China is the dominating country in the Asia-Pacific Undersea Fiber Optic Cable Market, accounting for a share of 40.57% in 2021 and growing at a CAGR of 15.21% during the forecast period. China has initiated a five-year plan for the information and communication industry to develop a competitive international capability in constructing and maintaining undersea fiber optic cables. Furthermore, in the “Made in China 2025” plan, the Chinese government outlined a specific road map aimed at capturing 60% of the global fiber optic market within the next four years, which will positively impact the Asia-Pacific Undersea Fiber Optic Cable Market. Chinese telecommunication state-owned enterprises (SOEs) have begun taking part in major international consortia to build submarine cables, which will likely increase the demand for underwater fiber optic cables in Asia-Pacific.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia-Pacific Undersea Fiber Optic Cable Market, Segmented By Cable Design (Ribbon Tube, Loose Tube, Micro Loose Tube, and Others), By End-Use Industry (IT & Telecommunication, Energy & Power, and Others), By Insulation Type (Cross-Linked Polyethylene, Oil-Impregnated Paper, Resin-Impregnated Paper, Others), By Country, Competition, Forecast & Opportunities, 2027”, has evaluated the future growth potential of undersea fiber optic cable market in Asia Pacific and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Asia Pacific undersea fiber optic cable market.
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