The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Submarine cable systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Submarine cable systems Global Market Report 2024, The submarine cable systems market size has grown rapidly in recent years. It will grow from $18.28 billion in 2023 to $20.54 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to global connectivity demand, international trade growth, telecommunication infrastructure development, energy transmission requirements, data center expansion. The submarine cable systems market size is expected to see rapid growth in the next few years. It will grow to $33.29 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.
The expansion of international trade is expected to drive the growth of the submarine cable systems market in the future. International trade involves the exchange of goods and services between countries, fostering economic interdependence globally. Submarine cable systems play a crucial role in facilitating smooth communication and data exchange for international trade across the globe. For example, in February 2022, the United Nations Conference on Trade and Development reported a historic milestone in global trade, reaching a total value of $28.5 trillion in 2021. This marked a significant 25% growth compared to 2020 and a notable 13% increase compared to pre-COVID-19 levels. Consequently, the expansion of international trade is propelling the demand for submarine cable systems.
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The submarine cable system market covered in this report is segmented –
1) By Component: Wet Plant Products, Dry Plant Products
2) By Type: Multicore, Single Core
3) By Voltage: High Voltage, Medium Voltage
4) By Application: Communication Cables, Power Cables
5) By End User: Offshore Wind Power Generation, Inter-Country and Island Connection, Offshore Oil and Gas
Top Major Players
Amazon.com Inc.,
Alphabet Inc.,
Microsoft Corporation,
Sumitomo Electric Industries Ltd.,
Fujitsu Limited
The submarine cable systems market report table of contents includes:
1. Executive Summary
- Submarine cable systems Market Characteristics
- Submarine cable systems Market Trends And Strategies
- Submarine cable systems Market – Macro Economic Scenario
- Global Submarine cable systems Market Size and Growth
- Submarine cable systems Market Segmentation
- Submarine cable systems Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Submarine cable systems Market
- Submarine cable systems Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Submarine cable systems Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Submarine cable systems Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Submarine cable systems Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Amazon.com Inc. Financial Performance
Table 77: Alphabet Inc. Financial Performance
Table 78: Microsoft Corporation Financial Performance
Table 79: Sumitomo Electric Industries Ltd. Financial Performance
Table 80: Fujitsu Limited Financial Performance
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