Submarine Cable Systems

Submarine Cable Systems

Global Submarine Cable Systems Market to Reach $28.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Submarine Cable Systems estimated at US$13.1 Billion in the year 2020, is projected to reach a revised size of US$28.4 Billion by 2027, growing at aCAGR of 11.7% over the period 2020-2027. Power Cables, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$17.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Communication Cables segment is readjusted to a revised 12.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 10.7% CAGR

The Submarine Cable Systems market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Select Competitors (Total 36 Featured) -

• Fujitsu Limited
• Hawaiki Cable Limited
• Huawei Marine Networks Co., Limited
• Mitsubishi Electric Corporation
• NEC Corporation
• Nexans SA
• Nokia Corporation
• Prysmian Group
• Subcom, LLC
• Sumitomo Electric Industries, Ltd.

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