CABLE LAYING VESSEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Cable Laying Vessel Market, By Type (Power Cable Laying Vessel, Umbilical Cable Laying Vessel, and Other), By Power Rating (Up to 1000 HP, 1000-2000 HP, 2000-5000 HP, and Above 5000 HP), By Depth Rating (Shallow Water, Deepwater, and Ultra-Deepwater), By Length (Below 50 m, 50-150 m, and Above 150 m), By Application (Offshore Wind Power Grid Connection, Offshore Oil and Gas Production Facilities, Island Interconnection, Offshore Platforms, and Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Recent Developments

New product launches

On September 29, 2023, the France-based communications firm Orange unveiled its latest addition, the cable-laying vessel named Sophie Germain, marking a significant stride in its commitment to establishing a substantial presence in the long-distance network infrastructure sector.
On July 25, 2023, Nexans, a global company in the cable and optical fibre industry announced an expansion of its presence in the offshore wind and interconnection market, by adding a third cable laying vessel to its fleet.

Acquisition and partnerships

On November 21, 2022, Norwegian offshore and subsea installation contractor Cecon Contracting partnered to build a hybrid propulsion cable installation vessel
On October 17, 2022, NEC Corporation, a Japanese multinational information technology and Electronics Corporation signed a four-year charter contract with Global Marine Systems for an optical subsea cable-laying. Under the contract, NEC will bolster its provision of subsea cable systems and meet the growing demand for subsea cables due to increased global data traffic.