Submarine Optical Fiber Cable Market Overview
Submarine Optical Fiber Cable Market Size was estimated at 17.1 (USD Billion) in 2022.
The Submarine Optical Fiber Cable Market Industry is expected to grow from 17.93 (USD Billion) in 2023 to 30.56 (USD Billion) by 2032. The Submarine Optical Fiber Cable Market CAGR (growth rate) is expected to be around 6.1% during the forecast period (2024 - 2032).
Key Submarine Optical Fiber Cable Market Trends Highlighted
The Submarine Optical Fiber Cable Market continues to flourish, driven by surging demand for high-speed data transmission and the expansion of cloud and content services. Key market drivers include the rapid growth of internet traffic, the increasing adoption of cloud-based applications, and the rise of data-intensive technologies such as artificial intelligence and machine learning.
Opportunities lie in the expansion of subsea infrastructure in emerging markets and the development of new cable technologies with higher bandwidth and lower latency. Trends in recent times include the adoption of advanced modulation techniques, the use of repeaters with longer spacing, and the implementation of software-defined networking (SDN) to enhance network management and optimization. As the demand for submarine optical fiber cables continues to rise, the market is expected to witness significant growth in the coming years.
Figure 1: Submarine Optical Fiber Cable Market Size, 2023-2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Submarine Optical Fiber Cable Market Drivers
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Increased Demand for High-Speed Connectivity
At the present time of history development, the major growth controller for the market industry is driven by the increasing demand for high-speed connectivity worldwide. People use more and more data-intensive applications that require connection, such as social networking websites that support photo and video sharing and specialized aids like video streaming and cloud computing. One more reason for the demand for connectivity is that people, generally and especially the young part of the population, need to use applications online.
All those demands meet an answer in the submarine optical cables market. They are the major items in the world’s internet system, and they have enough bandwidth to meet all the needs. Because the high-speed connectivity demand is predicted to increase, the market for submarine optical fiber cables will expand in the upcoming years.
Growing Investment in Submarine Cable Infrastructure
The increasing investment in submarine cable infrastructure is a notable driver of the growth of the Submarine Optical Fiber Cable Market Industry. Governments and telecommunications firms are making huge investments in new submarine cables to satisfy the increasing demand for ultra-high-speed connectivity. Moreover, the intent of this growing investment is to help improve internet access in underserved areas, link remote regions to the global internet, and promote newer technologies, including 5G and the Internet of Things, which are anticipated to pose substantive growth prospects to the submarine optical fiber cable market.
Advancements in Submarine Cable Technology
The development of technology aimed at improving the operation of submarine cables is one of the factors contributing to the growth of the industry. The use of new materials, the development of new cable designs, and new manufacturing technology are providing longer service life for the cables, increasing the range and bandwidth. Thus, it contributes to the fact that the use of submarine optical fiber cables is becoming beneficial for a wider range of applications.
Submarine Optical Fiber Cable Market Segment Insights
Submarine Optical Fiber Cable Market Core Structure Insights
The core structure of submarine optical fiber cables is the most influential factor in dictating their transmission properties and usefulness. This work contemplates two of the most prevalent kinds of core structures used in the creation of submarine optical fiber cables. They are single-mode and multi-mode fibers. The former type of fibers, constituting 8-10 microns of the core diameter and propagating only one mode of light, allow data rates and distances to be greater with no substantial distortion of the signal. Therefore, they are used in long-haul submarine cable systems, which may either connect countries or continents for adequate high-capacity data transmission.
According to the Submarine Optical Fiber Cable Market, the segment of single-mode fibers will reach USD 12.64 billion by 2024, representing the highest growth with development opportunities. The latter type of fibers, multi-mode fibers, have a core diameter of 50 or 62.5 microns and allow for the propagation of multiple modes, which results in a considerably higher modal dispersion. That being said, they can only sustain short distances due to their mode of fit to their intended use.
In addition, these fibers do not require a cladding approximation as they are created in order to make this kind of fiber relevant.It should be noted that the key differences between the two kinds of fibers are the price and ease of installation, as the process of mangling is easier and joint development is numerous. For instance, the Submarine Optical Fiber Cable Market claims that the multi-mode segment of fiber optics will account for around USD 2.86 billion by 2024.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Submarine Optical Fiber Cable Market Fiber Coating Material Insights
The Fiber Coating Material segment is one of the most important segments in the Submarine Optical Fiber Cable Market. Both PE and PP are used to coat optical fibers; they are flexible and stronger, and the latter shows a lower optical loss. In 2023, PE will become the most preferred coat material, constituting around 65% of the market. This is due to the high flexibility and limits of the fracture elongation characteristic of PE, as well as environmental stress cracking resistance.
Oppositely, the mechanical properties and temperature resistance of PP are improving, which is becoming more attractive.The category of the Others is specific materials used for specific purposes: highly-fluorinated polymers and polyamides that do not fit into any other category and are used in limited amounts where their performance and resistance against the environment are needed. This market will increase steadily in the near years, driven by the growing demand for high-speed and high-volume data transmission both on land and underwater.
Submarine Optical Fiber Cable Market Voltage Range Insights
The Submarine Optical Fiber Cable Market is segmented by voltage range into low-voltage, medium-voltage, and high-voltage. Among these segments, the high-voltage segment is expected to hold the largest market share in 2023, owing to the increasing demand for high-power submarine optical fiber cables for long-distance and high-capacity data transmission. The low-voltage segment is expected to witness significant growth over the forecast period due to the growing adoption of low-voltage submarine optical fiber cables for short-distance and low-capacity data transmission.The medium-voltage segment is also expected to experience steady growth, driven by the rising demand for medium-power submarine optical fiber cables for medium-distance and medium-capacity data transmission.
Submarine Optical Fiber Cable Market Armoring Type Insights
Armoring Type Segment Insight and Overview The Submarine Optical Fiber Cable Market is segmented based on armoring type into double-armored, single-armored, and unarmored. Among these, the double-armored segment is expected to dominate the market, accounting for a significant share of the Submarine Optical Fiber Cable Market revenue in 2023. The growth of this segment can be attributed to the increasing demand for high-performance and reliable submarine cables in deep-sea applications, where double armoring provides enhanced protection against external threats.
Single-armored cables are also witnessing steady growth due to their cost-effectiveness and suitability for shallow-water deployments. Unarmored cables, while less common, are primarily used in specialized applications where flexibility and weight reduction are critical factors. The Submarine Optical Fiber Cable Market data indicates that the demand for unarmored cables is expected to grow in the coming years, driven by advancements in cable design and materials.
Submarine Optical Fiber Cable Market Cable Design Insights
The Cable Design segment of the Submarine Optical Fiber Cable Market is segmented into Flat, Round, Ribbon, and Other (Bifurcated, etc.). The Flat design is the most widely used type of submarine optical fiber cable, accounting for over 50% of the market revenue. Flat cables are easy to install and maintain, and they offer high transmission capacity. Round cables are also used in a variety of applications, and they offer a more rugged design than flat cables. Ribbon cables are a newer type of submarine optical fiber cable, and they offer a number of advantages over flat and round cables, including higher transmission capacity, lower attenuation, and smaller size. Other types of submarine optical fiber cables, such as Bifurcated cables, are used in specialized applications.
Submarine Optical Fiber Cable Market Regional Insights
The Submarine Optical Fiber Cable Market is segmented into North America, Europe, APAC, South America, and MEA. APAC is expected to hold the largest market share in 2023, owing to the increasing demand for high-speed internet connectivity and the growing number of data centers in the region. North America and Europe are also expected to witness significant growth in the Submarine Optical Fiber Cable Market, driven by the rising adoption of cloud computing and the increasing demand for bandwidth-intensive applications. South America and MEA are expected to experience moderate growth in the Submarine Optical Fiber Cable Market, as these regions are still developing their telecommunications infrastructure.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Submarine Optical Fiber Cable Market Key Players And Competitive Insights
Major players in Submarine Optical Fiber Cable Market industry are investing heavy amounts in research development to produce innovative and advanced products. Leading players in Submarine Optical Fiber Cable Market industry are focusing on extending their product portfolio by developing new products as well as technologies. Submarine Optical Fiber Cable Market industry is highly competitive due to the presence of several key players. These key players are already in intense competition in order to gain a competitive upper hand at attracting the maximum number of customers. Due to the increasing demand for high-speed data transmission and the ongoing number of submarine cable projects across the globe, the Submarine Optical Fiber Cable Market is anticipated to grow at an exceedingly lucrative rate in the subsequent years.
One of the prominent players in the Submarine Optical Fiber Cable Market industry is NEC Corporation. NEC Corporation provides a broad range of submarine optical fiber cables, including armored and unarmored submarine optical fiber cable, shallow-water and deep-sea submarine optical fiber cable, and single-mode and multi-mode submarine optical fiber cable. Moreover, NEC Corporation has a global presence, as it has supplied submarine optical fiber cables to a plethora of large cable projects located in different areas of the world over the years. NEC Corporation is known for being highly committed to providing top-notch quality products and services to its customers.
Another key player in the Submarine Optical Fiber Cable Market industry is Prysmian Group. Prysmian Group offers a complete range of submarine optical fiber cables, including an armored and unarmored submarine optical fiber cable, shallow-water and deep-sea submarine optical fiber cables, and single-mode and multi-mode submarine optical fiber cables. Like NEC Corporation, Prysmian Group also has an international presence. The company has also provided submarine optical fiber cables for numerous high-profile large cable projects in different parts of the world over the years. Similar to NEC Corporation, the facility is highly committed to providing customers with innovative and reliable quality products and services.
Key Companies in the Submarine Optical Fiber Cable Market Include
- SubCom
- Ciena Corporation
- Sumitomo Electric Industries
- AlcatelLucent Submarine Networks
- Corning
- Huawei Technologies
- Infinera Corporation
- ZTT Group
- Yangtze Optical Fibre and Cable
- Nokia
- Fujitsu
- Prysmian Group
- TE Connectivity
- NEC
Submarine Optical Fiber Cable Market Industry Developments
The Submarine Optical Fiber Cable Market is projected to grow from USD 15.51 billion in 2023 to USD 29.8 billion by 2032, at a CAGR of 7.53% during the forecast period. The growth of this market is attributed to the increasing demand for high-speed internet connectivity, the growing adoption of cloud and data center services, and the expansion of submarine cable networks to connect remote and underserved regions.
Recent news developments in the market include: In January 2023, Google announced plans to invest USD 1 billion in a new submarine cable system connecting the US, Canada, and Japan. In March 2023, Facebook (now Meta) announced the launch of a new subsea cable system called "2Africa" that will connect 33 countries in Africa. In May 2023, Amazon Web Services (AWS) announced the launch of a new submarine cable system called "Project Echo" that will connect the US, Singapore, and Indonesia. These developments indicate the growing importance of submarine optical fiber cables in supporting the global digital infrastructure and the increasing investment in expanding and upgrading submarine cable networks.
Submarine Optical Fiber Cable Market Segmentation Insights
Submarine Optical Fiber Cable Market Core Structure Outlook
Submarine Optical Fiber Cable Market Fiber Coating Material Outlook
- Polyethylene
- Polypropylene
- Others
Submarine Optical Fiber Cable Market Voltage Range Outlook
- Low-voltage
- Medium-voltage
- High-voltage
Submarine Optical Fiber Cable Market Armoring Type Outlook
- Double-armored
- Single-armored
- Unarmored
Submarine Optical Fiber Cable Market Cable Design Outlook
- Flat
- Round
- Ribbon
- Other (Bifurcated, etc.)
Submarine Optical Fiber Cable Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
17.1(USD Billion) |
| Market Size 2023 |
17.93(USD Billion) |
| Market Size 2032 |
30.56(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.1%(2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SubCom, Ciena Corporation, Sumitomo Electric Industries, AlcatelLucent Submarine Networks, Corning, Huawei Technologies, Infinera Corporation, ZTT Group, Yangtze Optical Fibre and Cable, Nokia, Fujitsu, Prysmian Group, TE Connectivity, NEC |
| Segments Covered |
Core Structure, Fiber Coating Material, Voltage Range, Armoring Type, Cable Design, Regional |
| Key Market Opportunities |
1 Increased demand for highspeed internet2 Growth of data centers3 Expansion of subsea network infrastructure4 Government initiatives to improve broadband connectivity5 Technological advancements in fiber optic technology |
| Key Market Dynamics |
Growing demand for highspeed internet 4Â Increasing investment in cloud and data centers 5Â Technological advancements in submarine fiber optic cables 3 |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Submarine Optical Fiber Cable Market was valued at 17.93 USD billion in 2023 and is projected to reach 30.56 USD billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.
Asia-Pacific is expected to dominate the Submarine Optical Fiber Cable Market throughout the forecast period. The region's high demand for internet connectivity, increasing data traffic, and the presence of major technology hubs contribute to its dominance.
Submarine Optical Fiber Cables are primarily used for the transmission of high-speed data and telecommunications signals across vast distances underwater. They are commonly employed in undersea networks, connecting continents and facilitating global communication.
Some of the major players in the Submarine Optical Fiber Cable Market include NEC Corporation, Nokia Corporation, Fujitsu Limited, TE Connectivity Ltd., and Huawei Marine Networks Co., Ltd.
The growth of the Submarine Optical Fiber Cable market is driven by the increasing demand for high-speed internet, the expansion of data centers, and the rise of cloud computing and streaming services.
The Submarine Optical Fiber Cable market faces challenges such as high installation and maintenance costs, the need for specialized expertise, and geopolitical factors that can impact cable routes and permissions.
The Submarine Optical Fiber Cable Market is projected to register a CAGR of 7.53% during the forecast period from 2024 to 2032.
The growth of the Submarine Optical Fiber Cable market in Asia-Pacific is attributed to factors such as the increasing demand for internet connectivity, the presence of major data centers, and government initiatives to improve telecommunications infrastructure.
Some of the key trends shaping the Submarine Optical Fiber Cable market include the adoption of new technologies such as wavelength-division multiplexing (WDM) and coherent transmission, the deployment of repeaters and amplifiers to extend signal reach, and the development of self-healing and fault-tolerant cable systems.
The COVID-19 pandemic had a moderate impact on the Submarine Optical Fiber Cable market. While initial project delays and supply chain disruptions were experienced, the long-term demand for high-speed connectivity remained strong, leading to a recovery in market growth.
