Submarine Cables Market Size, Share, Growth | Forecast

The Undersea Cabling Global Market Report 2023, provides comprehensive information on the undersea cabling market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Undersea Cabling Global Market Report 2023, the market size is expected to grow from $18.27 billion in 2022 to $23.74 billion in 2023 at a compound annual growth rate (CAGR) of 29.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global undersea cabling market is expected to grow to $77.66 billion in 2027 at a CAGR of 34.5%.

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Faster connectivity with 5G in undersea cabling solutions are shaping the undersea cabling market. For instance, in February 2022, Bharati Airtel and Reliance Jio, global telecommunication companies have invested in improving submarine cable systems’ capacity to develop the low-latency of 5G networks that are expected to roll out in the next fiscal year. Bharti Airtel has joined the SEA-ME-WE-6 undersea cable consortium to improve its network’s highspeed capacity which helps in growing India’s digital economy and Reliance Jio’s cable system IAX network helps in connecting Maldives directly to the countries like India and Singapore.

The undersea cabling market is segmented:

1) By Component: Wet Plant Products, Dry Plant Products

2) By Voltage: Medium Voltage, High Voltage

3) By Type: Singlecore, Multicore

4) By Application: Communication Cables, Power Cables

5) By End-User: Offshore Wind Power Generation, Inter-Country And Island Connection, Offshore Oil And Gas

North America was the largest region in the undersea cabling market in 2022.

The table of contents in TBRC’s undersea cabling market report includes:

Executive Summary
Undersea Cabling Market Characteristics
Undersea Cabling Market Trends And Strategies
Undersea Cabling – Macro Economic Scenario
Undersea Cabling Market Size And Growth

Africa Undersea Cabling Market
Undersea Cabling Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Undersea Cabling Market
Undersea Cabling Market Future Outlook and Potential Analysis
Appendix

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