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Submarine Fiber Cable Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcatel Submarine Networks Ltd. and Corning Inc. | Technavio - Odessa American: Business

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Submarine Fiber Cable Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcatel Submarine Networks Ltd. and Corning Inc. | Technavio

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Posted: Monday, September 14, 2020 9:00 pm

LONDON--(BUSINESS WIRE)--Sep 14, 2020--

The global submarine fiber cable market is expected to grow by USD 4.34 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 15%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200914005757/en/

Technavio has announced its latest market research report titled Global Submarine Fiber Cable Market 2020-2024 (Graphic: Business Wire)

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Read the 120-page report with TOC on "Submarine Fiber Cable Market Analysis Report by Investment Source (Consortia, Private enterprises, and Governments and development banks), Geography (Europe, APAC, North America, MEA, and South America), and the Segment Forecasts, 2020-2024".


The market is driven by the developments in telecommunication networks. In addition, dropping installation costs are anticipated to boost the growth of the submarine fiber cable market.

About 99% of all the international data transmissions happen through underwater cable networks. Submarine cables deployed in these networks use fiber-optic technology which is capable of transmitting data of over 200 terabits per second. These cables are crucial for the development of any country and hence, several major submarine networking projects are in process and some are expected to complete during the forecast period. For instance, in 2019, Google commissioned three new submarine cable projects, Curie, Havfrue, and HK-G. These projects are expected to be completed by 2021. Similarly, in August 2020, the Government of India launched its first-ever submarine optical fiber cable project to connect the Andaman and Nicobar Islands with the mainland. Many such developments are expected to fuel the growth of the global submarine fiber cable market during the forecast period.

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Major Five Submarine Fiber Cable Companies:

Alcatel Submarine Networks Ltd.

Alcatel Submarine Networks Ltd. operates its business through the Solutions segment. The company offers OALC optical fiber cable with a vault structure. Globally, the company has laid more than 600,000 km of submarine network cable.

Corning Inc.

Corning Inc. operates its business through segments such as Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies, Life Sciences, and All Others. The company offers submarine fiber cable under the brand Corning and Vascade fibers which are used in advanced submarine transmission systems ranging from short unrepeatered to very long repeated transoceanic links.

Hexatronic Group AB

Hexatronic Group AB operates its business through segments such as Products and Solutions. The company offers various flexible submarine fiber cable designed to function at a depth of 5000 m, with or without electroding capabilities.

Huawei Marine Networks Co. Ltd

Huawei Marine Networks Co. Ltd operates its business through segments such as Products and Solutions. The company offers light-weight and high-quality single, and double-armored submarine fiber cables, which are designed for repeatered and unrepeatered systems.

Jiangsu Zhongtian Technology Co. Ltd.

Jiangsu Zhongtian Technology Co. Ltd. operates its business through segments such as Information and communication, Smart grid, Marine system, and Others. The company offers submarine fiber cables, which are designed for both the repeater and non-repeater systems, and are widely used in the telecom industry, offshore oil and gas industry, ocean observation network.

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Submarine Fiber Cable Market Investment Source Outlook (Revenue, USD Billion, 2020-2024)

  • Consortia
  • Private enterprises
  • Governments and development banks

Submarine Fiber Cable Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • Europe
  • APAC
  • North America
  • MEA
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

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Global Offshore Wind Cable Market – Global offshore wind cable market by product (export cable and inter-array cable) and geography (Europe, APAC, North America, MEA, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200914005757/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200





SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/14/2020 10:00 PM/DISC: 09/14/2020 10:00 PM


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