The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. (China) ZTT India Private Limited (India) NKT A/S (Denmark) JDR Cable Systems (UK) (France) Google LLC (US) Saudi Ericsson Communications Company Limited (Saudi Ericsson) Hengtong Group CO., Ltd. (France) SubCom, LLC (US) NEC Corporation (Japan) Prysmian Group (Italy) Nexans S.A. Major market player included in this report are: Alcatel-Lucent S.A. Factors such as rise in the need to enhance telecommunication networks along with rising demand for high efficiency services would create lucrative growth prospects for the Submarine Telecom Cable market across Asia-Pacific region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Asia Pacific is the leading/significant region across the world due to increase in internet penetration. The regional analysis of global Submarine Telecom Cable market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. However, complexity in installation and its high costs involved along with complexity in maintenance are the major factors restraining the growth of Global Submarine Telecom Cable over the forecast period of 2020-2027. For Instance: As per Statista in April 2020, online penetration rate is 59% of the world population motivating digital acceptance and rise in the use of internet utilization. Customer's requirement to enable high efficiency services with surge in the speed of data connectivity results in the high demand for higher bandwidth transmission. Major companies such as Amazon, Apple, Google and Microsoft make high investments for the development of communication network and outpace Internet backbone providers across the globe leading to the market growth.įurther, rise in the demand for high internet connectivity highly boosts the demand for submarine cables. For Instance: As per analysis by International Cable Protection Committee in 2017, around 39,000 Km distance is covered by SEA-ME-WE-3 submarine cable connecting 33 countries across 4 continents. A vast telecom submarine cable network is being setup to connect communication among countries. Submarine Telecom Cable is made up of optical fibre technology in order to transmit digital data with data privacy being maintained. Submarine Telecom Cable is a cable placed on the bed of the waterbodies present between two stations on land to transmit and receive the telecommunication signals from both ends. Global Submarine Telecom Cable Market is valued approximately at USD 11.7 Billion in 2019 and is anticipated to grow with a CAGR of 11.10% over the forecast period 2020-2027. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Submarine Telecom Cable products.ĭownload Sample of This Strategic Report: declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021.
Census Bureau mention the recovery in the U.S. U S Market recovers fast In a release on May 4th 2021, the U.S.