Submarine fiber cable market: Growth opportunities led by Cenergy Holdings SA and Ciena Corp. - Technavio

PR Newswire
Friday, December 9, 2022 at 11:00pm UTC

Submarine fiber cable market: Growth opportunities led by Cenergy Holdings SA and Ciena Corp. - Technavio

PR Newswire

NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The submarine fiber cable market size is forecasted to increase by USD 4,852.77 million from 2022 to 2027, at a CAGR of 12.2%, according to the recent market study by Technavio. The growth of the market will be driven by the rapid developments in telecommunication networks, the increasing need for higher bandwidth, and the growing demand for cloud-based services.

Technavio categorizes the global submarine fiber cable market as a part of the electrical components and equipment market, which covers companies engaged in manufacturing electric cables and wires, electrical components, and electrical equipment.

Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

Technavio has extensively analyzed 15 major vendors, including Cenergy Holdings SA, Ciena Corp., Corning Inc., Hengtong Group Co Ltd, Hesfibel Subsea Cables, Hexatronic Group AB, Jiangsu Hengtong Au Optronics Co., Jiangsu Zhongtian Technology Co Ltd, LS Cable and System Ltd., NEC Corp., Nexans SA, NKT AS, Nokia Corp., OCC Corp., Prysmian Spa, Qingdao Hanhe Cable Co. Ltd., SSG cable group, SubCom LLC, Tele Fonika Kable SA, Turkuaz Kablo AS, and Xtera Ltd.

Key benefits for industry players and stakeholders –

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in future - To get requisite details, ask for a custom report.

Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the submarine fiber cable market by industry experts to evaluate and develop growth strategies.

The market is segmented by source (consortia, private enterprises, and governments and development banks) and service type (installation, maintenance, and upgrade).

Segmentation by end-user (inclusion/exclusion)

  • Inclusion: 
    • Consortia:

The consortia segment grew gradually by USD 3,461.09 million between 2017 and 2021. In the consortia model, many telecom operators, Internet service providers (ISPs), and private enterprises create partnerships to construct, operate, and maintain a large undersea fiber cable network. Such partnerships help in reducing the initial investments and the cost of upgrades. Most submarine fiber cable projects need billions of dollars in investments for surveying, manufacturing, deploying, testing, operating, and maintaining submarine fiber cables. A majority of this funding comes from consortia. Such factors will drive the segment's growth during the forecast period.

To get detailed insights about inclusions and exclusions, buy the report.

Related reports -

Submarine power cable market by end-user and geography - Forecast and analysis 2022-2026 – size is estimated to increase by USD 1.05 billion from 2021 to 2026, with an accelerated CAGR of 4.5%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and geography (Europe, APAC, North America, Middle East and Africa, and South America).

Submarine market by type and geography - Forecast and analysis 2022-2026 – size is estimated to increase by USD 9.86 billion from 2022 to 2027, with an accelerated CAGR of 7.65%, according to the recent market study by Technavio. The growing arms race among countries is one of the key factors driving the market growth.

What are the key data covered in the submarine fiber cable market?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the submarine fiber cable market between 2023 and 2027
  • Precise estimation of the size of the submarine fiber cable market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the submarine fiber cable market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of submarine fiber cable market vendors

Submarine Fiber Cable Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic Period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.2%

Market growth 2023-2027

USD 4,852.77 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.2

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing contribution

APAC at 54%

Key countries

US, China, Japan, India, and France

Competitive landscape

Leading companies, market positioning of vendors, competitive strategies, and industry risks

Companies profiled

Cenergy Holdings SA, Ciena Corp., Corning Inc., Hengtong Group Co Ltd, Hesfibel Subsea Cables, Hexatronic Group AB, Jiangsu Hengtong Au Optronics Co., Jiangsu Zhongtian Technology Co Ltd, LS Cable and System Ltd., NEC Corp., Nexans SA, NKT AS, Nokia Corp., OCC Corp., Prysmian Spa, Qingdao Hanhe Cable Co. Ltd., SSG cable group, SubCom LLC, Tele Fonika Kable SA, Turkuaz Kablo AS, and Xtera Ltd.

Market Dynamics

Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's industrials market reports

Table of contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global Submarine Fiber Cable Market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global Submarine Fiber Cable Market 2017 - 2021 ($ million)
  • 4.2 Geography Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.3 Source Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Source Segment 2017 - 2021 ($ million)
  • 4.4 Service type Segment Analysis 2017 - 2021
    • Exhibit 21: Historic Market Size – Service type Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Source

  • 6.1 Market segments 
    • Exhibit 30: Chart on Source - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Source - Market share 2022-2027 (%)
  • 6.2 Comparison by Source 
    • Exhibit 32: Chart on Comparison by Source
    • Exhibit 33: Data Table on Comparison by Source
  • 6.3 Consortia - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Consortia - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Consortia - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Consortia - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Consortia - Year-over-year growth 2022-2027 (%)
  • 6.4 Private enterprises - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Private enterprises - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Private enterprises - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Private enterprises - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Private enterprises - Year-over-year growth 2022-2027 (%)
  • 6.5 Governments and development banks - Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Governments and development banks - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Governments and development banks - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Governments and development banks - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Governments and development banks - Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by Source 
    • Exhibit 46: Market opportunity by Source ($ million)

7 Market Segmentation by Service Type

  • 7.1 Market segments 
    • Exhibit 47: Chart on Service Type - Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Service Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Service Type 
    • Exhibit 49: Chart on Comparison by Service Type
    • Exhibit 50: Data Table on Comparison by Service Type
  • 7.3 Installation - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Installation - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Installation - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Installation - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Installation - Year-over-year growth 2022-2027 (%)
  • 7.4 Maintenance and upgrade - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Maintenance and upgrade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Maintenance and upgrade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Maintenance and upgrade - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Maintenance and upgrade - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Service Type 
    • Exhibit 59: Market opportunity by Service Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027
    • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.7 South America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027
    • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 US - Market size and forecast 2022-2027
    • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027
    • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 Japan - Market size and forecast 2022-2027
    • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.12 France - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Cenergy Holdings SA 
    • Exhibit 112: Cenergy Holdings SA - Overview
    • Exhibit 113: Cenergy Holdings SA - Business segments
    • Exhibit 114: Cenergy Holdings SA - Key offerings
    • Exhibit 115: Cenergy Holdings SA - Segment focus
  • 12.4 Ciena Corp. 
    • Exhibit 116: Ciena Corp. - Overview
    • Exhibit 117: Ciena Corp. - Business segments
    • Exhibit 118: Ciena Corp. - Key offerings
    • Exhibit 119: Ciena Corp. - Segment focus
  • 12.5 Corning Inc. 
    • Exhibit 120: Corning Inc. - Overview
    • Exhibit 121: Corning Inc. - Business segments
    • Exhibit 122: Corning Inc. - Key news
    • Exhibit 123: Corning Inc. - Key offerings
    • Exhibit 124: Corning Inc. - Segment focus
  • 12.6 Hengtong Group Co Ltd 
    • Exhibit 125: Hengtong Group Co Ltd - Overview
    • Exhibit 126: Hengtong Group Co Ltd - Product / Service
    • Exhibit 127: Hengtong Group Co Ltd - Key offerings
  • 12.7 Hesfibel Subsea Cables 
    • Exhibit 128: Hesfibel Subsea Cables - Overview
    • Exhibit 129: Hesfibel Subsea Cables - Product / Service
    • Exhibit 130: Hesfibel Subsea Cables - Key offerings
  • 12.8 Hexatronic Group AB 
    • Exhibit 131: Hexatronic Group AB - Overview
    • Exhibit 132: Hexatronic Group AB - Product / Service
    • Exhibit 133: Hexatronic Group AB - Key offerings
  • 12.9 Jiangsu Hengtong Au Optronics Co. 
    • Exhibit 134: Jiangsu Hengtong Au Optronics Co. - Overview
    • Exhibit 135: Jiangsu Hengtong Au Optronics Co. - Product / Service
    • Exhibit 136: Jiangsu Hengtong Au Optronics Co. - Key offerings
  • 12.10 Jiangsu Zhongtian Technology Co Ltd 
    • Exhibit 137: Jiangsu Zhongtian Technology Co Ltd - Overview
    • Exhibit 138: Jiangsu Zhongtian Technology Co Ltd - Product / Service
    • Exhibit 139: Jiangsu Zhongtian Technology Co Ltd - Key offerings
  • 12.11 LS Cable and System Ltd. 
    • Exhibit 140: LS Cable and System Ltd. - Overview
    • Exhibit 141: LS Cable and System Ltd. - Product / Service
    • Exhibit 142: LS Cable and System Ltd. - Key offerings
  • 12.12 NEC Corp. 
    • Exhibit 143: NEC Corp. - Overview
    • Exhibit 144: NEC Corp. - Business segments
    • Exhibit 145: NEC Corp. - Key news
    • Exhibit 146: NEC Corp. - Key offerings
    • Exhibit 147: NEC Corp. - Segment focus
  • 12.13 Nokia Corp. 
    • Exhibit 148: Nokia Corp. - Overview
    • Exhibit 149: Nokia Corp. - Business segments
    • Exhibit 150: Nokia Corp. - Key offerings
    • Exhibit 151: Nokia Corp. - Segment focus
  • 12.14 Prysmian Spa 
    • Exhibit 152: Prysmian Spa - Overview
    • Exhibit 153: Prysmian Spa - Business segments
    • Exhibit 154: Prysmian Spa - Key offerings
    • Exhibit 155: Prysmian Spa - Segment focus
  • 12.15 SSG cable group 
    • Exhibit 156: SSG cable group - Overview
    • Exhibit 157: SSG cable group - Product / Service
    • Exhibit 158: SSG cable group - Key offerings
  • 12.16 SubCom LLC 
    • Exhibit 159: SubCom LLC - Overview
    • Exhibit 160: SubCom LLC - Product / Service
    • Exhibit 161: SubCom LLC - Key offerings
  • 12.17 Tele Fonika Kable SA 
    • Exhibit 162: Tele Fonika Kable SA - Overview
    • Exhibit 163: Tele Fonika Kable SA - Product / Service
    • Exhibit 164: Tele Fonika Kable SA - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 165: Inclusions checklist
    • Exhibit 166: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 167: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 168: Research methodology
    • Exhibit 169: Validation techniques employed for market sizing
    • Exhibit 170: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 171: List of abbreviations

About Us 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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