The submarine cable market is forecasted to grow by USD 16749.7 million during 2024-2029, accelerating at a CAGR of 12.3% during the forecast period. The report on the submarine cable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of cloud computing and data centers, expansion of offshore renewable energy projects, and deployment of submarine cables for 5G networks.
Market Scope
Base Year
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
10.9%
CAGR
12.3%
Incremental Value
$16749.7 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's submarine cable market is segmented as below:
By Type
Power cable
Communication cable
By Component
Dry plant
Wet plant
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the private submarine cable projects by tech giants as one of the prime reasons driving the submarine cable market growth during the next few years. Also, focus on submarine cable recycling and production capacity expansion will lead to sizable demand in the market.
The report on the submarine cable market covers the following areas:
Submarine Cable Market sizing
Submarine Cable Market forecast
Submarine Cable Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submarine cable market vendors that include AFL, Alcatel Submarine Networks, Apar Industries Ltd., Corning Inc., Furukawa Electric Co. Ltd., Hengtong Group Co. Ltd., Hexatronic Group AB, Jiangsu Zhongtian Technology Co. Ltd., LS Cable and System Ltd., NEC Corp., Nexans SA, Ningbo Orient Wires and Cables Co. Ltd., NKT AS, Prysmian S.p.A, SSG cable group, SubCom LLC, Sumitomo Electric Industries Ltd., Taihan Cable and Solution Co. Ltd., and Tratos Cavi S.p.A.. Also, the submarine cable market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Submarine Cable Market 2019 - 2023
Historic Market Size - Data Table on Global Submarine Cable Market 2019 - 2023 ($ million)