Asia-Pacific Submarine Cable System Market, By Product (Wet Plant Products and Dry Plant Products), Voltage (Medium Voltage and High Voltage, Extra High Voltage), Offering (Installation And Commissioning, Repair And Maintenance And Upgrades), Fiber Class (Unrepeatered and Repeatered), Cables Type (Loose Tube Cables, Ribbon Cables and Others), Armor Type (Light Weight Armor, Single Armor, Double Armor and Rock Armor), Depth (0 to 500M, 500M to 1000M, 1000M to 5000M and Others), Application (Power Cables and Communication Cables) - Industry Trends and Forecast to 2029.
Asia-Pacific Submarine Cable System Market Analysis and Size
A submarine cable is a cable laid on the sea bed between land-based stations to carry telecommunication signals across stretches of sea and ocean. The rising telecom subscriptions and high investments in offshore wind farms have directly influenced the submarine cable market growth. Also, the growing investments of content and cloud service providers are flourishing the growth of the submarine cable market. Also, the increasing internet traffic in emerging regions positively impacts the market's growth. Furthermore, the growing demand for bandwidth is also acting as an active growth driver for the growth of the submarine cable market. Moreover, the increasing number of offshore wind farms and rising demand for inter-country and island power connections are creating a huge demand for submarine cable and lifting the growth of the submarine cable market.
However, regulatory, environmental, and intricate authorization procedures leading to delays as well as the complex repairing procedure for deep water power cable links are acting as the major restrictions for the growth of submarine cable in the above-mentioned forecasted period, whereas the growing buzz around space-based internet communications constellations can challenge the submarine cable market growth.
Data Bridge Market Research analyses that the Asia-Pacific submarine cable system market is expected to reach USD 10,158.89 million by 2029, at a CAGR of 7.3% during the forecast period. "Dry Plants products" accounts for the most prominent technology segment. This type of technology is in demand as it offers maximum work efficiency by avoiding the installation of cables in critical areas. The submarine cable system market report also comprehensively covers pricing, patent, and technological advancements.
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019-2014) |
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Segments Covered |
By Product (Wet Plant Products and Dry Plant Products), Voltage (Medium Voltage and High Voltage, Extra High Voltage), Offering (Installation And Commissioning, Repair And Maintenance And Upgrades), Fiber Class (Unrepeatered and Repeatered), Cables Type (Loose Tube Cables, Ribbon Cables and Others), Armor Type (Light Weight Armor, Single Armor, Double Armor and Rock Armor), Depth (0 to 500M, 500M to 1000M, 1000M to 5000M and Others), Application (Power Cables and Communication Cables) |
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Countries Covered |
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC) |
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Market Players Covered |
HENGTONG GROUP CO., LTD, TE Connectivity, Saudi Ericsson, APAR, NEC Corporation, NXT A/S, Norddeutsche Seekabelwerke GmbH (A Subsidiary of Prysmian Group), JDR Cable Systems Ltd, ZTT, Hexatronic Group, Alcatel Submarine Networks, Corning Incorporated, The Okonite Company, AFL (a subsidiary of Fujikura Ltd.), LEONI, NEXANS, Ocean Specialists, Inc. (a subsidiary of Continental Shelf Associates, Inc.), TFKable, Sumitomo Electric Industries, Ltd., Tratos, Hellenic Cables S.A. and HESFIBEL SUBSEA CABLES among others. |
Market Definition
A submarine cable system is the cabling framework connected to a land-based station that helps transmit the signals over the ocean and marine water bodies. The connectivity combination over long distances combines communication and electricity transmission through the cable systems laid under water.
The demand and deployment of the submarine cable system completely depend on the Asia-Pacific increase in telecom and internet subscriptions, and we are expected to expand the submarine systems in unexplored areas. Moreover, sea freight and GPS play a major role in developing submarine cables across all countries and regions in the modern world. This needs the application of proper and unique government regulations to develop a standard procedure and connectivity. Hence it includes several set of rules and regulations which helps to boost the market.
Submarine Cable System Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers/Opportunities
- Rise in the trend of offshore wind power generation
Submarine cables have been around since the mid-1800s. But, for a large portion of their set of experiences, such cables were utilized fundamentally to send power from conventional sources, for example, coal plants, either between nations or out to islands or oil stages. The submarine cable industry faced a decline during the 19th century. That changed during the 2000s, as rising energy costs and worries about environmental change animated interest in growing offshore wind and more effective transnational power grids.
Wind power generation is a clean energy source that does not require fuel and power generation offshore has strong winds, attracting offshore wind power generation development projects across the globe.
- Rise in the adoption of cloud-based services
The development over the air using various new satellite groups of stars being sent off and the rising fondness for getting to content through portable organizations over remote wireless transmissions. These remote transmissions are connected through data center infrastructures. They are interconnected through cables laid in a submarine to develop connections among different data centers in different countries and regions. This implies a need for submarine cables that helps to connect data centers and directly improve cloud-based connectivity for all types of organizations. Thus, the adoption of cloud-based services and solutions is expected to be a major driver of the growth of the submarine cable system market.
- Deployment of various technologies in submarine cable systems
Power feeding to submarine cable systems is a long-established practice, from coaxial submarine systems to present-day optical amplifier systems. The main principles of electrical powering to the submarine cable systems, as discussed in this chapter, are power feeding equipment (PFE) installed in the terminal stations, return path through earth and sea, and the PFE feeding a constant current to stabilize the repeater characteristics and transmission performance.
Restraint/Challenges
- High initial investments act as an entry barrier for SMEs
The connection through subsea cable is lengthy and thus the cost is directly dependent on the length of the cable systems used which directly Thus, it has been observed that usually, the major players in the market involves in the submarine cable service business as it involves huge investments which the SMEs cannot offer. This will restrict more players from entering the market and promote dominance, which is expected to restrict market growth.
- Complex repairing procedures
Cable ships are loaded with enough cable for repairs, maybe 5-10 km, which can be loaded in a few hours. Cable has to be added to make the repair, since there is not enough slack to bring the cable up and cut a piece out. After the cable is retrieved and on board, in a repair room that looks like a laboratory, engineers repair the cable.
Post COVID-19 Impact on Submarine Cable System Market
COVID-19 significantly impacted the submarine cable system market as almost every country has opted for the shutdown for every production facility except those producing essential goods. The government has taken strict actions, such as shutting down production and sale of non-essential goods, blocking international trade, and many more, to prevent the spread of COVID-19. The only business dealing in this pandemic situation is the essential services allowed to open and run the processes.
The growth of the submarine cable system market is rising due to the digitalization of production processes and supply chains across electrical utilities, mining, oil and gas, and transportation. Moreover, cable faults occur frequently worldwide, and a fleet of dedicated vessels repair them as quickly as possible. Repairing a cable requires receiving government permits to access ports and for ships to perform repairs in territorial waters. Delays in permits were already an issue facing the industry in some countries before COVID-19. With the importance of connectivity at its pinnacle, it's more vital than ever for governments to expedite permits to ensure swift repairs.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology in the submarine cable system market. The companies will bring advanced and accurate solutions to the market.
Recent Developments
- In November 2021, LEONI announced the partnership in the ADOPD project developing ultrafast fiber-optical computational units based on Adaptive Optical Dendrites. This project will help the company to understand the various processes and interactions and result in the development of better product technologies in various segments, especially in cable systems
- In July 2022, NEXANS announced winning a new project by EuroAsia interconnector Limited to develop European electricity interconnection linking the national grids of Israel, Cyprus, and Greece (Crete). This project will help the company to provide technology for deep water subsea power cables utilizing NEXANS long term developments for 3,000m ultradeep waters together with the installation capabilities which will be recognized in the market
Asia-Pacific Submarine Cable System Market Scope
The submarine cable system market is segmented on product, voltage, offering, fiber class, cables type, armor type, depth, and application. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Product
- Wet plant Products
- Dry Plant Products
On the basis of product, the Asia-Pacific submarine cable system market is segmented into wet plant products and dry plant products.
By Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
On the basis of voltage, the Asia-Pacific submarine cable system market is segmented into medium voltage, high voltage, and extra high voltage.
By Offering
- Maintenance
- Upgrades
- Installation and Commissioning
On the basis of offering, the Asia-Pacific submarine cable system market is segmented into maintenance, upgrades, and installation and commissioning.
By Fiber Class
- Unrepeatered
- Repeatered
On the basis of fiber class, the Asia-Pacific submarine cable system market is segmented into unrepeatered and repeatered
By Cables Type
- Loose Tube Cables
- Ribbon Cables
- Others
On the basis of cables type, the Asia-Pacific submarine cable system market is segmented into loose tube cables, ribbon cables, and others.
By Armor Type
- Light Weight Armor
- Single Armor
- Double Armor
- Rock Armor
On the basis of armor type, the Asia-Pacific submarine cable system market is segmented into light weight armor, single armor, double armor, and rock armor.
By Depth
- 0 To 500 M
- 500 M-1000 M
- 1000 M-5000 M
- Others
On the basis of depth, the Asia-Pacific submarine cable system market is segmented into 0 to 500m, 500m to 1000m, 1000m to 5000m, and others.
By Application
- Power cables
- Communication cables
On the basis of application, the Asia-Pacific submarine cable system market is segmented into power cables and communication cables.
Submarine Cable System Market Regional Analysis/Insights
The submarine cable system market is analyzed, and market size insights and trends are provided by the product, voltage, offering, fiber class, cables type, armor type, depth, and application as referenced above.
The countries covered in the Submarine cable system market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific.
Japan dominates the submarine cable system market. China is likely to be the fastest-growing Asia-Pacific submarine cable system market. The increasing development in the countries towards digitalization and automation will boost the demand for submarine cable system products in the Asia-Pacific region.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Submarine Cable System Market Share Analysis
The submarine cable system market competitive landscape provides details about a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to submarine cable system market.
Some of the major players operating in the submarine cable system market are HENGTONG GROUP CO., LTD, TE Connectivity, Saudi Ericsson, APAR, NEC Corporation, NXT A/S, Norddeutsche Seekabelwerke GmbH (A Subsidiary of Prysmian Group), JDR Cable Systems Ltd, ZTT, Hexatronic Group, Alcatel Submarine Networks, Corning Incorporated, The Okonite Company, AFL (a subsidiary of Fujikura Ltd.), LEONI, NEXANS, Ocean Specialists, Inc. (a subsidiary of Continental Shelf Associates, Inc.), TFKable, Sumitomo Electric Industries, Ltd., Tratos, Hellenic Cables S.A. and HESFIBEL SUBSEA CABLES among others.
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