Global Submarine Fiber Cable Market 2017-2021
About Submarine Fiber Cable
Submarine fiber cables are underwater cables that are laid on the seabed between land-based stations to carry telecommunication signals over large stretches of the ocean. These cables, along with repeaters, are used to amplify the signals and to make long-distance communication easier. These cables are mainly used to connect two countries, islands, or continents and to ensure fast and reliable communication system between them. These cable laying projects typically take months or years to complete, depending on the length and complexity of the project.
Technavio’s analysts forecast the global submarine fiber cable market to grow at a CAGR of 4.88% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global submarine fiber cable market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Submarine Fiber Cable Market 2017-2021
Technavio recognizes the following companies as the key players in the global submarine fiber cable market: Alcatel Submarine Networks, Fujitsu, Huawei Marine Networks, NEC, and TE SubCom.
Other Prominent Vendors in the market are: Ciena, Elettra, Global Marine, Kokusai, Nexans, NSW, S.B Submarine Systems, and Xtera.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased investments in 400G submarine cable systems. The global submarine cable industry has been growing due to the increase in demand from end-users; people who once used telecommunication devices just to pass the information are now using it to live stream video shows, share critical data, do business transactions, and much more.”
According to the report, one driver in the market is rapid developments in telecommunication networks. Telecommunication networks are a collection of nodes and links that are connected to terminals to enable communication between these terminals. These telecommunication networks play a key role as they are the major constituents of the submarine cable market. These underwater cable networks transmit 99% of the international data transmissions, which makes them crucial for the development of a country.
Further, the report states that one challenge in the market is fiber damage caused by human activities and fish attacks. Underwater fiber cables are damaged or face interruption due to many factors such as natural calamities, fish attacks, and human activities. These mainly include cuts to the fiber cables due to fishing and anchoring of fishing boats and ships, and human activities in the shallow water areas. Cuts in the fiber cables can also occur due to activities like the laying of new cables, power projects, and oil exploration by offshore or deepwater rigs.
Alcatel Submarine Networks, Fujitsu, Huawei Marine Networks, NEC, TE SubCom, Ciena, Elettra, Global Marine, Kokusai, Nexans, NSW, S.B Submarine Systems, and Xtera.
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