The development of the worldwide submarine cable market is still being driven by improvements in capacity and technology, particularly along the transatlantic route. The submarine cable sector of today is knowledgeable and forward-thinking, developing adaptable and useful solutions in markets that are more and more demanding in terms of cost-efficiency, connection, and dependability. It is projected that ongoing technological developments, with capacity and affordability as the two key factors, will be essential to the market's future expansion. The deployment of 100G wavelengths along practically the entire transoceanic route by the submarine cable industry is currently underway, assuring that the future will be characterised by connectivity-based advances.
The market for Submarine Cables was valued at US$ 2,435.3 million in 2021 and is anticipated to increase to US$ 7,321.2 million by 2030, at a CAGR of 6.3%.
Top Companies in the Submarine Cables Industry:
1. SubCom: creator of a neural computing system that aims to give hardware a nervous system inspired by nature. The company's technology enables cloud-free AIoT, robotics, and zero-power multi-sensory surveillance systems, allowing clients to obtain scalable multi-sensory intelligence that is both time and cost-effective. It also aims to develop low-power, distributed intelligence systems that integrate the functions of the nervous system into hardware and do not require the use of the cloud. Founded in 2020. Headquarters in Bangalore, India's Karnataka state.
2. Huawei Marine Networks Co., Ltd.: Submarine cable service provider with a base in Tianjin, China. The company offers equipment such as SLTE, SLM, NPE, NMS, Repeater, and BU for network operators, enabling clients to obtain cutting-edge, dependable, flexible, and affordable turnkey submarine-network services on a global scale. The company also specialises in turnkey submarine cable system services, incorporating system design, integration, and installation services related to desktop study, system design, route survey, installation, training, and maintenance of submarines. Created in 2008. Head office in China. In a deal for about $140 million, Hengtong Optic-Electric has agreed to buy Global Marine Group's 49% interest in Huawei Marine Networks.
3. NEC Corporation: Leading Japanese technology company NEC Corp. In addition to creating broadband and mobile communication networks, it also produces PCs, computer platforms, semiconductors, and display panels and offers systems integration services. Research and development efforts of the company have helped to make strides in fields like PDA speech-translation software and quantum computing. Built in 1899. Head office in Japan.
4. NEXANS NORWAY AS: Established in 2000. Headquarters in France, in Paris. A French business called Nexans produces and sells cable goods. Three segments make up the business's operations. Power cables for energy infrastructure as well as copper and optical fibre cables for public telecommunications networks are included in the transmission, distribution, and operator’s category. The industry sector includes cables for a variety of industries, including shipbuilding, railroad, and aeronautical manufacture. It also includes customised cables for industrial users. The equipment cables for the building market and private telecommunication networks are part of the distributors and installers category. The company's three largest markets are France, Germany, and Norway. Nexans completes the purchase of Reka Cables to electrify the Nordic region.
5. FUJITSU: In the area of information and communications technology, Fujitsu Ltd. offers comprehensive solutions. The business offers infrastructure services centred on outsourcing services, as well as solutions/system integration services focused on information system consulting and development. Europe, the Americas, Asia, and Oceania are just a few of the many nations and locations where Fujitsu offers services. Built in 1935. Head office in Japan. Versor, a management consulting firm specialising in data analytics, has been bought by Fujitsu Australia.
6. Prysmian Group: Prysmian SpA is an Italian company that produces cables and systems for telecommunications and electric power transmission. Its operations are divided into three segments: Telecom, which manufactures cable systems and connection products, Energy Products, which offers power distribution, industrial and network components, and Projects, which concentrates on the implementation of underground and submarine cable projects. The regions of Europe, the Middle East, and Africa account for more than half of the company's sales, with the remainder coming from North America, Latin America, and Asia-Pacific. Built in 1878. Italian headquarters are in Milan. Omnisens (November 2021), EHC Global (July 2020), and General Cable (December 2017) are the most recent acquisitions.
7. Corning Incorporated: The producer of optical lenses. The business produces and provides photochromic and ophthalmic lenses for use in industrial and medical applications. United States headquarters. Corning completes the acquisition of virtually the entire communication markets division of 3M.
*Definition: Submarine cable is any electrical cable that is laid on the seabed, although the term is often extended to encompass cables laid on the bottom of large freshwater bodies of water.
