How big is the Submarine Cabling Systems Market?

The Submarine Cabling Systems Market size is expected to reach USD 13.5 billion in 2024 and grow at a CAGR of 10.20% to reach USD 21.93 billion by 2029. Read More

What is the current Submarine Cabling Systems Market size?

In 2024, the Submarine Cabling Systems Market size is expected to reach USD 13.5 billion. Read More

Who are the key players in Submarine Cabling Systems Market?

Alcatel Submarine Networks, NEC Corporation, Nexans SA, Fujitsu Ltd and NTT Communications Corporation are the major companies operating in the Submarine Cabling Systems Market. Read More

What years does this Submarine Cabling Systems Market cover, and what was the market size in 2023?

In 2023, the Submarine Cabling Systems Market size was estimated at USD 12.12 billion. The report covers the Submarine Cabling Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Submarine Cabling Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Submarine Cabling SystemsMarket Size & Share Analysis - Industry Research Report

Submarine Cabling Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Submarine Cabling Systems Market Report is Segmented Based On Type (dry Plant Products and Wet Plant Products), Ownership Type (multiple Ownership System, Single Ownership System, and Multilateral Development Banks), and Geography (trans-Pacific, Trans-Atlantic, US-Latin America, Intra-Asia, Europe-Asia, and Europe - Sub-Saharan Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Submarine Cabling Systems Industry Overview

The submarine cable systems market features various key players, including NTT Communications Corporation, Nexans SA, Fujitsu Ltd, NEC Corporation, and Alcatel Submarine Networks. These companies engage in collaborative ventures, long-term partnerships, and strategic initiatives like mergers and acquisitions to bolster revenue growth and expand their global presence.

In October 2023, NEC Corporation marked the completion and activation of the Patara-2 submarine cable network in Indonesia. This network, owned by PT Telkom Indonesia, the country's largest digital telecommunications provider, stands as a pivotal step in advancing digitization efforts across Indonesia's diverse islands.

Similarly, Google LLC revealed plans for the South Pacific Connect initiative during the same month. This initiative entails the implementation of two new transpacific subsea cables—Honomoana and Tabua. These cables aim to significantly enhance the reliability and resilience of digital connectivity across the Pacific region.