Summary

The submarine cable system market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029. Factors such as Increasing penetration of Internet and collaborations among tier 1 vendors, and growing demand for bandwidth due to emergence of 5G. The demand for bandwidth continues to grow steadily, fueled by the growing number of people joining the digital revolution and the increasing bandwidth usage of new applications. Investment decisions for new submarine networks are, however, not solely driven by economics; the need for the global provisioning of internet connectivity to underserved populations is also a major factor contributing to the growth of this market.

“Installation & commissioning segment holds major share of the submarine cable system market in 2023.“
The installation & commissioning segment is estimated to account for major share of the submarine cable system market in 2023 and maintain its dominance throughout the forecast period. The increasing Internet traffic and the growing number of internet users in Asia Pacific are fueling the requirement for increased bandwidth in the region. As such, the region is likely to witness an increase in the installation & commissioning of new submarine communication cable systems during the forecast period. The increasing Internet penetration across Middle East & Africa is also expected to lead to a surge in the installation & commissioning of submarine communication cables in MEA in the coming years.

“Wet plant products dominates the market during the forecast period.”
The wet plant products segment held major share of the submarine communication cable market in 2023. The growth of this segment can be attributed to increased demand for cables, repeaters, and branching units for laying them on ocean beds, unlike dry plant products such as SLTE, which can be upgraded according to bandwidth requirements. Marine operations are one of the key elements in the submarine cable system market ecosystem; these operations involve vessel operations, diver surveys, topographic surveys, and other analyses for recommendations for maintenance and installations.
“North America to grow at the fastest CAGR during forecast period.”
The submarine cable system market in North America is projected to witness significant growth during forecast period. Growing investments in the offshore wind power industry and the increasing requirement for interconnectivity between countries and islands are resulting in the growth of the submarine power cable market in the region.

The breakup of primaries conducted during the study is depicted below:
• By Company Type – Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation – C-level – 45%, Director-level – 25%, and, Other – 30%
• By Region – North America - 55%, Europe – 20%, Asia Pacific – 15%, and RoW – 10%
Research Coverage
The report segments the submarine cable system market and forecasts its size, by value & volume, based on By Application (power cable and communication cable). The submarine communication cable market has been segmented into By Component (dry plant products and wet plant products); By Offering (installation & commissioning, maintenance, and upgrades), and Region (Trans-Atlantic, Trans-Pacific, Intra-Asia, Americas, Eu-Asia, and EMEA). The submarine power cable market has been segmented into By Type (single core and multicore), By Voltage (medium voltage and high voltage), By Insulation (Cross-linked Polyethylene (XLPE), Oil Impregnated Paper, Resin Impregnated Paper (RIP), and Resin Impregnated Synthetics (RIS)), By End-User (offshore wind, inter-country & island connections, and offshore oil & gas), and Region (North America; Europe; Asia Pacific; and RoW). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the submarine cable system market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall submarine cable system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:

 Analysis of key drivers (expanding offshore wind power capacity, increasing penetration of Internet and collaborations among tier 1 vendors, growing demand for bandwidth due to emergence of 5G, growing demand in Asia Pacific region owing to increased traffic, and increasing network of submarine power cable systems), restraints (high initial investments act as entry barrier for SMEs, involvement of multi-country government bodies leads to complexities and delays in approvals), opportunities (upcoming projects to boost market growth, and increasing investments by content delivery and streaming partners to create opportunities in Pacific), and challenges (scarcity of commissioning and repair vessels, emergence of alternative modes of internet service provisioning)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the submarine cable system market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the submarine cable system market across varied regions.

• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the submarine cable system market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Alcatel Submarine Networks (France), SubCom, LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy), among others in the submarine cable system market

ページTOPに戻る

Table of Contents

1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED 37
FIGURE 1 SUBMARINE CABLE SYSTEM MARKET SEGMENTATION 37
1.3.2 INCLUSIONS AND EXCLUSIONS 38
1.3.3 REGIONAL SCOPE 38
1.3.4 YEARS CONSIDERED 39
1.4 CURRENCY CONSIDERED 39
TABLE 1 CURRENCY CONVERSION RATES 39
1.5 UNITS CONSIDERED 39
1.6 LIMITATIONS 40
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 40
1.9 RECESSION IMPACT 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH APPROACH 42
FIGURE 2 SUBMARINE CABLE SYSTEM MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY AND PRIMARY RESEARCH 44
2.1.2 SECONDARY DATA 45
2.1.2.1 List of major secondary sources 45
2.1.2.2 Key data from secondary sources 45
2.1.3 PRIMARY DATA 46
2.1.3.1 List of key participants in primary interviews 46
2.1.3.2 Key data from primary sources 46
2.1.3.3 Key industry insights 47
2.1.3.4 Breakdown of primaries 47
2.2 MARKET SIZE ESTIMATION METHODOLOGY 48
FIGURE 3 SUBMARINE CABLE SYSTEM MARKET SIZE ESTIMATION: RESEARCH FLOW 48
2.2.1 BOTTOM-UP APPROACH 48
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 48
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 49
2.2.2 TOP-DOWN APPROACH 49
2.2.2.1 Approach to estimate market size using top-down analysis (supply side) 49
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 50
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH—REVENUE GENERATED FROM SALES OF SUBMARINE POWER CABLE SYSTEMS 50
2.3 DATA TRIANGULATION 51
FIGURE 7 DATA TRIANGULATION 51
2.4 RESEARCH ASSUMPTIONS 52
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SUBMARINE CABLE SYSTEM MARKET 52
2.6 RISK ASSESSMENT 53
2.7 RESEARCH LIMITATIONS 53
3 EXECUTIVE SUMMARY 54
FIGURE 8 SUBMARINE CABLE SYSTEM MARKET, 2020–2029 (USD MILLION) 54
FIGURE 9 POWER CABLES SEGMENT TO HOLD THE LARGER SHARE OF SUBMARINE CABLE SYSTEM MARKET DURING FORECAST PERIOD 55
FIGURE 10 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE IN SUBMARINE COMMUNICATION CABLE MARKET IN 2024 56
FIGURE 11 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO GROW AT HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD 56
FIGURE 12 HIGH-VOLTAGE SEGMENT TO RECORD HIGHER CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD 57
FIGURE 13 SUBMARINE COMMUNICATION CABLE MARKET IN TRANSPACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 57
FIGURE 14 EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET IN 2023 58
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SUBMARINE CABLE SYSTEM MARKET 59
FIGURE 15 INCREASING INVESTMENTS IN OFFSHORE WIND POWER PROJECTS TO DRIVE SUBMARINE POWER CABLE MARKET 59
4.2 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE 59
FIGURE 16 POWER CABLES SEGMENT TO LEAD SUBMARINE CABLE SYSTEM MARKET IN 2024 59
4.3 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT 60
FIGURE 17 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET SHARE IN 2029 60
4.4 SUBMARINE POWER CABLE MARKET, BY INSULATION 60
FIGURE 18 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET IN 2024 60
4.5 SUBMARINE POWER CABLE MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY 61
FIGURE 19 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT AND UK TO HOLD LARGEST SHARES OF EUROPEAN SUBMARINE POWER CABLE MARKET IN 2024 61
 
4.6 SUBMARINE POWER CABLE MARKET, BY COUNTRY 61
FIGURE 20 GERMANY TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 63
FIGURE 21 SUBMARINE CABLE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.2.1 DRIVERS 63
5.2.1.1 Expanding offshore wind power capacity 63
FIGURE 22 COUNTRY-/REGION-WISE DATA ON NEW INSTALLATIONS OF OFFSHORE WIND POWER CAPACITY, 2023 64
5.2.1.2 Affordable access to internet connectivity 64
5.2.1.3 Shift toward 5G and cloud services 65
FIGURE 23 GLOBAL FORECAST FOR 5G SUBSCRIPTIONS, 2023–2028 (BILLION) 65
5.2.1.4 Rising need for Internet services in Transpacific region 65
5.2.1.5 Increasing demand for electric energy on islands 66
FIGURE 24 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF DRIVERS 67
5.2.2 RESTRAINTS 67
5.2.2.1 High initial investments and associated maintenance costs 67
5.2.2.2 Involvement of multiple jurisdictions 67
FIGURE 25 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF RESTRAINTS 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 Deployment of HVDC power transmission technology 68
TABLE 2 UPCOMING SUBMARINE POWER CABLE PROJECTS 69
TABLE 3 UPCOMING SUBMARINE COMMUNICATION CABLE PROJECTS 69
5.2.3.2 Increasing participation of OTT players 70
FIGURE 26 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF OPPORTUNITIES 70
5.2.4 CHALLENGES 70
5.2.4.1 Lack of commissioning, maintenance, and repair vessels 70
5.2.4.2 Emergence of alternate technologies 71
FIGURE 27 SUBMARINE CABLE SYSTEM MARKET: IMPACT OF CHALLENGES 71
5.3 VALUE CHAIN ANALYSIS 72
FIGURE 28 SUBMARINE CABLE SYSTEM MARKET: VALUE CHAIN ANALYSIS 72
5.4 ECOSYSTEM ANALYSIS 73
FIGURE 29 SUBMARINE CABLE SYSTEM MARKET ECOSYSTEM 73
TABLE 4 ROLE OF COMPANIES IN SUBMARINE CABLE SYSTEM ECOSYSTEM 74
5.5 PORTER'S FIVE FORCES ANALYSIS 75
TABLE 5 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS 75
FIGURE 30 SUBMARINE CABLE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS 75
5.5.1 INTENSITY OF COMPETITIVE RIVALRY 76
5.5.2 BARGAINING POWER OF SUPPLIERS 76
5.5.3 BARGAINING POWER OF BUYERS 76
5.5.4 THREAT OF SUBSTITUTES 76
5.5.5 THREAT OF NEW ENTRANTS 76
5.6 KEY STAKEHOLDERS AND BUYING PROCESS 77
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
FIGURE 31 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION 77
TABLE 6 INFLUENCE OF STAKEHOLDERS IN SUBMARINE POWER CABLE MARKET ON BUYING PROCESS, BY END-USE APPLICATION (%) 77
5.6.2 BUYING CRITERIA 78
FIGURE 32 KEY BUYING CRITERIA, BY END-USE APPLICATION 78
TABLE 7 KEY BUYING CRITERIA, BY END-USE APPLICATION 78
5.7 KEY CONFERENCES AND EVENTS, 2024–2025 79
TABLE 8 LIST OF CONFERENCES AND EVENTS, 2024–2025 79
5.8 TARIFF AND REGULATORY LANDSCAPE 79
5.8.1 TARIFF RELATED TO SUBMARINE POWER CABLE UNITS 79
TABLE 9 MFN TARIFF FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY (%) 80
5.8.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
5.8.3 STANDARDS 82
5.9 TRADE ANALYSIS 82
5.9.1 IMPORT SCENARIO (HS CODE 8544) 83
FIGURE 33 IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 83
5.9.2 EXPORT SCENARIO (HS CODE 8544) 83
FIGURE 34 EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 83
5.10 TECHNOLOGY ANALYSIS 84
5.10.1 KEY TECHNOLOGIES 84
5.10.1.1 Wavelength division multiplexing 84
5.10.1.2 P-Laser cable technology 84
5.10.1.3 Open cables 84
5.10.2 COMPLIMENTARY TECHNOLOGIES 84
5.10.2.1 Subsea robotics 84
5.10.3 ADJACENT TECHNOLOGIES 85
5.10.3.1 Remote sensing and satellite communication 85
 
5.11 PATENT ANALYSIS 85
FIGURE 35 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO SUBMARINE CABLE SYSTEMS, 2014–2023 85
TABLE 14 LIST OF APPLIED/GRANTED PATENTS RELATED TO SUBMARINE CABLE SYSTEMS, 2020–2023 86
5.12 CASE STUDY ANALYSIS 90
5.12.1 ANDAMAN AND NICOBAR ISLANDS WERE CONNECTED TO CHENNAI THROUGH HIGH-SPEED OPTICAL FIBER CABLE NETWORK DESIGNED BY NEC 90
5.12.2 TRATOS DELIVERED SUBMARINE COMPOSITE CABLES FOR ENI'S MEXICO AREA 1 PHASE II DEVELOPMENT PROJECT THAT HELPED IN TACKLING LOGISTICAL CHALLENGES 91
5.12.3 GCS ASSISTED XTERA TO DEPLOY SUBMARINE CABLE SYSTEM THAT BOOSTED CONNECTIVITY BETWEEN GALAPAGOS ISLANDS AND ECUADOR 91
5.12.4 CS2 PROJECT HELPED IN PROVIDING FASTER, MORE AFFORDABLE, AND RELIABLE INTERNET CONNECTIVITY TO PAPUA NEW GUINEA AND SOLOMON ISLANDS 92
5.12.5 N-SEA ENHANCED PROJECT RESILIENCE WITH SINAY'S METOCEAN ANALYTICS FOR WEATHER RISK MANAGEMENT 93
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 94
FIGURE 36 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 94
5.14 INVESTMENT AND FUNDING SCENARIO 94
FIGURE 37 INVESTMENT AND FUNDING SCENARIO, 2017–2022 95
5.15 PRICING ANALYSIS 95
TABLE 15 INDICATIVE PRICING OF SUBMARINE CABLE TYPES, 2020–2023 (USD) 96
FIGURE 38 AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLE SYSTEMS, 2020–2029 (USD) 97
5.15.1 INDICATIVE PRICING OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS 97
TABLE 16 INDICATIVE PRICING OF SUBMARINE CABLE TYPES OFFERED BY KEY PLAYERS 97
FIGURE 39 INDICATIVE PRICING TREND OF KEY PLAYERS, BY CABLE TYPE 98
5.15.2 AVERAGE SELLING PRICING TREND, BY REGION 98
FIGURE 40 AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLE SYSTEMS, BY REGION 99
6 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE 100
6.1 INTRODUCTION 101
FIGURE 41 POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEM MARKET IN 2029 101
TABLE 17 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2020–2023 (USD MILLION) 101
TABLE 18 SUBMARINE CABLE SYSTEM MARKET, BY CABLE TYPE, 2024–2029 (USD MILLION) 102
6.2 COMMUNICATION CABLES 102
6.2.1 INCREASING DEMAND FOR CONNECTED DEVICES TO FUEL MARKET GROWTH 102
TABLE 19 SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (KILOMETERS) 102
TABLE 20 SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (KILOMETERS) 103
6.3 POWER CABLES 103
6.3.1 GROWING NUMBER OF OFFSHORE WIND FARM INSTALLATIONS TO FOSTER SEGMENTAL GROWTH 103
FIGURE 42 OFFSHORE WIND CAPACITY INSTALLATIONS, 2020–2023 (GW) 103
TABLE 21 SUBMARINE POWER CABLE MARKET, 2020–2023 (KILOMETERS) 104
TABLE 22 SUBMARINE POWER CABLE MARKET, 2024–2029 (KILOMETERS) 104
7 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT 105
7.1 INTRODUCTION 106
TABLE 23 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 106
FIGURE 43 WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, IN 2024 106
TABLE 24 SUBMARINE COMMUNICATION CABLE MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 107
7.2 DRY PLANT PRODUCTS 107
7.2.1 RISING NEED FOR ADVANCED TERRESTRIAL EQUIPMENT TO ADDRESS DATA TRAFFIC ISSUES AND ENSURE SEAMLESS CONNECTIVITY TO BOOST DEMAND 107
7.2.2 SUBMARINE LINE TERMINAL EQUIPMENT 107
7.2.3 SUBMARINE LINE MONITORS 108
7.2.4 POWER FEEDING EQUIPMENT 108
7.3 WET PLANT PRODUCTS 108
7.3.1 GROWING DEMAND FOR HIGH-CAPACITY AND DEPENDABLE UNDERWATER COMMUNICATION INFRASTRUCTURE TO FUEL MARKET GROWTH 108
TABLE 25 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2020–2023 (USD MILLION) 109
TABLE 26 WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLE MARKET, 2024–2029 (USD MILLION) 109
7.3.2 REPEATERS 109
7.3.3 BRANCHING UNITS 109
7.3.4 CABLES 110
7.3.5 OTHER WET PLANT PRODUCTS 110
8 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING 111
8.1 INTRODUCTION 112
TABLE 27 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 112
FIGURE 44 INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE POWER CABLE MARKET, BY SERVICE OFFERING, IN 2029 112
TABLE 28 SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 112
8.2 INSTALLATION & COMMISSIONING 113
8.2.1 INCREASING GLOBAL DEMAND FOR HIGH-SPEED AND RELIABLE CONNECTIVITY TO FOSTER SEGMENTAL GROWTH 113
TABLE 29 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 114
TABLE 30 INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 114
8.3 MAINTENANCE 114
8.3.1 RISING DAMAGES CAUSED DUE TO HUMAN ACTIVITIES TO BOOST DEMAND 114
TABLE 31 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 115
TABLE 32 MAINTENANCE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 116
8.4 SYSTEM UPGRADE 116
8.4.1 DEPLOYMENT OF COHERENT TRANSMISSION TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 116
TABLE 33 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 117
TABLE 34 SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 117
9 SUBMARINE POWER CABLE MARKET, BY TYPE 118
9.1 INTRODUCTION 119
TABLE 35 SUBMARINE POWER CABLE MARKET, BY TYPE, 2020–2023 (USD MILLION) 119
FIGURE 45 SINGLE CORE SEGMENT TO LEAD SUBMARINE POWER CABLE MARKET, BY TYPE, IN 2024 119
TABLE 36 SUBMARINE POWER CABLE MARKET, BY TYPE, 2024–2029 (USD MILLION) 119
9.2 SINGLE CORE 120
9.2.1 GROWING APPLICATIONS IN OFFSHORE WIND FARMS AND POWER DISTRIBUTION IN REMOTE ISLANDS TO FOSTER SEGMENTAL GROWTH 120
TABLE 37 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 38 SINGLE CORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 121
9.3 MULTICORE 121
9.3.1 ABILITY OF LEAD SHEATHS TO PREVENT WATER CONTACT WITH LEAD SHEATHS TO FUEL MARKET GROWTH 121
TABLE 39 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 121
TABLE 40 MULTICORE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 122
10 SUBMARINE POWER CABLE MARKET, BY VOLTAGE 123
10.1 INTRODUCTION 124
TABLE 41 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2020–2023 (USD MILLION) 124
FIGURE 46 HIGH-VOLTAGE SEGMENT TO REGISTER HIGHER CAGR IN SUBMARINE POWER CABLE MARKET, BY VOLTAGE, DURING FORECAST PERIOD 124
TABLE 42 SUBMARINE POWER CABLE MARKET, BY VOLTAGE, 2024–2029 (USD MILLION) 124
 
10.2 MEDIUM-VOLTAGE 125
10.2.1 INCREASING DEMAND FOR INTERGENERATOR CONNECTIONS ON WIND FARMS AND OFFSHORE OIL & GAS PLATFORMS TO DRIVE MARKET 125
TABLE 43 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 125
TABLE 44 MEDIUM-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 126
10.3 HIGH-VOLTAGE 126
10.3.1 RISING POWER GENERATION FROM OFFSHORE PLANTS USING RENEWABLE SOURCES TO BOOST DEMAND 126
TABLE 45 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 126
TABLE 46 HIGH-VOLTAGE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 127
11 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION 128
11.1 INTRODUCTION 129
TABLE 47 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 129
FIGURE 47 OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLE MARKET DURING FORECAST PERIOD 129
TABLE 48 SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 130
11.2 OFFSHORE WIND POWER GENERATION PLANTS 130
11.2.1 INCREASING DEMAND FOR LONG-DISTANCE POWER TRANSMISSIONS TO DRIVE MARKET 130
TABLE 49 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 131
TABLE 50 OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 131
11.3 INTERCOUNTRY & ISLAND CONNECTION 131
11.3.1 GROWING DEMAND FOR CLEAN AND RENEWABLE ENERGY TO FUEL MARKET GROWTH 131
TABLE 51 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 132
TABLE 52 INTERCOUNTRY & ISLAND CONNECTION: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 132
11.4 OFFSHORE OIL & GAS PLANTS 133
11.4.1 RISING USE OF SATELLITE WELLS FOR SUBSEA FIELD DEVELOPMENT TO ACCELERATE DEMAND 133
TABLE 53 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 133
TABLE 54 OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 133
 
12 SUBMARINE POWER CABLE MARKET, BY INSULATION 134
12.1 INTRODUCTION 135
TABLE 55 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2020–2023 (USD MILLION) 135
FIGURE 48 OIL-IMPREGNATED PAPER SEGMENT TO DOMINATE SUBMARINE POWER CABLE MARKET, BY INSULATION, IN 2029 135
TABLE 56 SUBMARINE POWER CABLE MARKET, BY INSULATION, 2024–2029 (USD MILLION) 136
12.2 CROSS-LINKED POLYETHYLENE 136
12.2.1 ABILITY TO OFFER HIGH ELECTRIC AND MECHANICAL STRENGTH TO BOOST DEMAND 136
TABLE 57 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 136
TABLE 58 CROSS-LINKED POLYETHYLENE: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 137
12.3 OIL-IMPREGNATED PAPER 137
12.3.1 RISING APPLICATION IN HIGH-VOLTAGE DC TRANSMISSION LINES TO FUEL MARKET GROWTH 137
TABLE 59 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 137
TABLE 60 OIL-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 138
12.4 RESIN-IMPREGNATED PAPER 138
12.4.1 ABILITY TO WITHSTAND HARSH ENVIRONMENTAL CONDITIONS TO BOOST MARKET GROWTH 138
TABLE 61 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 138
TABLE 62 RESIN-IMPREGNATED PAPER: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 139
12.5 RESIN-IMPREGNATED SYNTHETIC 139
12.5.1 PRESENCE OF EXPLOSION-PROOF PROPERTIES IN RESIN-IMPREGNATED SYNTHETIC MATERIALS TO DRIVE DEMAND 139
TABLE 63 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 139
TABLE 64 RESIN-IMPREGNATED SYNTHETIC: SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 140
13 SUBMARINE POWER CABLE MARKET, BY REGION 141
13.1 INTRODUCTION 142
FIGURE 49 NORTH AMERICA TO REGISTER HIGHEST IN SUBMARINE POWER CABLE MARKET CAGR DURING FORECAST PERIOD 142
TABLE 65 SUBMARINE POWER CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 142
FIGURE 50 EUROPE TO CLAIM LARGEST MARKET SHARE OF SUBMARINE POWER CABLE MARKET IN 2024 143
TABLE 66 SUBMARINE POWER CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 143
13.2 NORTH AMERICA 143
13.2.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN NORTH AMERICA 143
FIGURE 51 NORTH AMERICA: SUBMARINE POWER CABLE MARKET SNAPSHOT 144
TABLE 67 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 145
TABLE 68 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 145
TABLE 69 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 145
TABLE 70 NORTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 146
13.2.2 US 146
13.2.2.1 Growing government-led initiatives to promote offshore wind energy to drive market 146
TABLE 71 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 146
TABLE 72 US: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 147
13.2.3 CANADA 147
13.2.3.1 Increasing focus on developing clean economy with renewable energy technologies to boost demand 147
TABLE 73 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 147
TABLE 74 CANADA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 148
13.2.4 MEXICO 148
13.2.4.1 Surging offshore oil activities to drive demand 148
TABLE 75 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 148
TABLE 76 MEXICO: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 149
13.3 EUROPE 149
13.3.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN EUROPE 149
FIGURE 52 EUROPE: SUBMARINE POWER CABLE MARKET SNAPSHOT 150
TABLE 77 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 151
TABLE 78 EUROPE: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 151
TABLE 79 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 151
TABLE 80 EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 152
13.3.2 UK 152
13.3.2.1 Rising emphasis on reducing GHG emissions to boost demand 152
TABLE 81 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 152
TABLE 82 UK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 153
13.3.3 GERMANY 153
13.3.3.1 New renewable energy projects to boost market growth 153
TABLE 83 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 153
TABLE 84 GERMANY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 154
13.3.4 DENMARK 154
13.3.4.1 Rising investments in offshore wind sector to accelerate demand 154
TABLE 85 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 154
TABLE 86 DENMARK: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 155
13.3.5 NETHERLANDS 155
13.3.5.1 Government initiatives to promote sustainable energy fuel to boost demand 155
TABLE 87 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 155
TABLE 88 NETHERLANDS: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 156
13.3.6 NORWAY 156
13.3.6.1 Growing focus on expanding offshore wind energy capacity to drive market 156
TABLE 89 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 156
TABLE 90 NORWAY: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 157
13.3.7 FRANCE 157
13.3.7.1 Increasing investment in renewable energy projects to drive market 157
TABLE 91 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 157
TABLE 92 FRANCE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 158
13.3.8 REST OF EUROPE 158
TABLE 93 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 158
TABLE 94 REST OF EUROPE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 159
13.4 ASIA PACIFIC 159
13.4.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN ASIA PACIFIC 159
FIGURE 53 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET SNAPSHOT 160
TABLE 95 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 161
TABLE 96 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 161
TABLE 97 ASIA PACIFIC SUBMARINE: POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 161
TABLE 98 ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 162
13.4.2 CHINA 162
13.4.2.1 Growing emphasis on reducing reliance on fossil fuels to boost demand 162
TABLE 99 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 162
TABLE 100 CHINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 163
13.4.3 JAPAN 163
13.4.3.1 Rising investments from European companies to develop offshore wind energy projects to fuel market growth 163
TABLE 101 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 164
TABLE 102 JAPAN: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 164
13.4.4 SOUTH KOREA 164
13.4.4.1 Government-led initiatives to boost renewable energy to drive market 164
TABLE 103 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 165
TABLE 104 SOUTH KOREA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 165
13.4.5 MALAYSIA 165
13.4.5.1 Increasing oil & gas exploration activities to drive demand 165
TABLE 105 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 166
TABLE 106 MALAYSIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 166
13.4.6 INDONESIA 166
13.4.6.1 Growing use of carbon capture and storage technologies to drive market 166
TABLE 107 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 167
TABLE 108 INDONESIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 167
13.4.7 VIETNAM 167
13.4.7.1 Increased investments in improving offshore energy capacity to fuel market growth 167
TABLE 109 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 168
TABLE 110 VIETNAM: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 168
13.4.8 REST OF ASIA PACIFIC 168
TABLE 111 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 169
TABLE 112 REST OF ASIA PACIFIC: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 169
13.5 MIDDLE EAST & AFRICA 169
13.5.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN MIDDLE EAST & AFRICA 169
TABLE 113 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 170
TABLE 114 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 170
TABLE 115 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 171
TABLE 116 MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 171
13.5.2 UAE 171
13.5.2.1 Implementation of advanced techniques to increase oil production to foster market growth 171
TABLE 117 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 172
TABLE 118 UAE: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 172
13.5.3 SAUDI ARABIA 172
13.5.3.1 Growing focus on offshore exploration activities to drive market 172
TABLE 119 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 173
TABLE 120 SAUDI ARABIA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 173
13.5.4 ANGOLA 173
13.5.4.1 Rising public—private collaborations to boost offshore oil & gas sector to drive market 173
TABLE 121 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 174
TABLE 122 ANGOLA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 174
13.5.5 REST OF MIDDLE EAST & AFRICA 174
TABLE 123 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 174
TABLE 124 REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 175
13.6 SOUTH AMERICA 175
13.6.1 RECESSION IMPACT ON SUBMARINE POWER CABLE MARKET IN SOUTH AMERICA 175
TABLE 125 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 176
TABLE 126 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 176
TABLE 127 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 176
TABLE 128 SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 177
13.6.2 BRAZIL 177
13.6.2.1 Government-led initiatives to boost investments in oil and natural gas exploration activities to drive market 177
TABLE 129 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 177
TABLE 130 BRAZIL: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 178
13.6.3 ARGENTINA 178
13.6.3.1 Growing focus on developing renewable sector to drive market 178
TABLE 131 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 178
TABLE 132 ARGENTINA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 179
13.6.4 REST OF SOUTH AMERICA 179
TABLE 133 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2020–2023 (USD MILLION) 179
TABLE 134 REST OF SOUTH AMERICA: SUBMARINE POWER CABLE MARKET, BY END-USE APPLICATION, 2024–2029 (USD MILLION) 179
14 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION 180
14.1 INTRODUCTION 181
TABLE 135 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2020–2023 (USD MILLION) 181
FIGURE 54 TRANSATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLE MARKET IN 2024 181
TABLE 136 SUBMARINE COMMUNICATION CABLE MARKET, BY REGION, 2024–2029 (USD MILLION) 182
14.2 TRANSATLANTIC 182
14.2.1 EMERGENCE OF 5G TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 182
TABLE 137 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 182
TABLE 138 TRANSATLANTIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 183
14.3 TRANSPACIFIC 183
14.3.1 INCREASING INITIATIVES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS TO BOOST DEMAND 183
TABLE 139 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 183
TABLE 140 TRANSPACIFIC: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 184
14.4 INTRA-ASIA 184
14.4.1 GROWING FOCUS OF OTT PLAYERS ON CAPACITY EXPANSION TO DRIVE MARKET 184
TABLE 141 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 184
TABLE 142 INTRA-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 185
14.5 AMERICAS 185
14.5.1 EXPANSION OF OTT BASE TO BOOST DEMAND 185
TABLE 143 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 185
TABLE 144 AMERICAS: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 185
14.6 EUROPE-ASIA 186
14.6.1 RISING ADOPTION OF MOBILE AND CLOUD SERVICES TO FUEL MARKET GROWTH 186
TABLE 145 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 186
TABLE 146 EUROPE-ASIA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 186
14.7 EMEA 187
14.7.1 GROWING IMPLEMENTATION OF PROJECTS TO DEVELOP SUBMARINE COMMUNICATION CABLES TO DRIVE MARKET 187
TABLE 147 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2020–2023 (USD MILLION) 187
TABLE 148 EMEA: SUBMARINE COMMUNICATION CABLE MARKET, BY SERVICE OFFERING, 2024–2029 (USD MILLION) 187