海底ケーブルシステム市場 – 2030年までの世界予測

Submarine Cable Systems Market - Global Forecast to 2029

海底ケーブルシステム市場 - ケーブルの種類(通信ケーブル、電力ケーブル)、構成部品(ドライプラント製品、ウェットプラント製品)、絶縁体(架橋ポリエチレン、油含浸紙)、タイプ(単芯、多芯) - 2030年までの世界予測
Submarine Cable Systems Market by Cable Type (Communication Cable, Power Cable), Component (Dry Plant Product, Wet Plant Product), Insulation (Cross-linked Polyethylene, Oil-Impregnated Paper) and Type (Single Core, Multicore) - Global Forecast to 2030

商品番号 : SMB-10837

出版社MarketsandMarkets
出版年月2025年8月
ページ数211
図表数381
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、海底ケーブルシステム市場をケーブルの種類、コンポーネント、サービス内容、タイプ、最終用途、電圧、絶縁、地域に基づいてセグメント化しています。ケーブルの種類セグメントには、通信ケーブルと電力ケーブルが含まれます。コンポーネントセグメントには、ウェットプラント製品とドライプラント製品が含まれます。

最終用途セグメントは、洋上風力発電所、国際・島嶼間接続、および洋上石油・ガスプラントで構成されています。タイプセグメントには、単芯および多芯が含まれます。サービス提供セグメントは、設置・試運転、保守、およびシステムのアップグレードをカバーしています。電圧セグメントには、中電圧および高電圧が含まれます。絶縁セグメントには、架橋ポリエチレン、油含浸紙、樹脂含浸紙、および樹脂含浸合成樹脂が含まれます。海底電力ケーブル市場は、北米、アジア太平洋、欧州、中東・アフリカ、南米の5つの地域に分割されています。海底通信ケーブル市場は、大西洋横断、太平洋横断、アジア域内、南北アメリカ、EMEA、および欧州・アジアの5つの地域に分割されています。

世界の海底ケーブルシステム市場は、年平均成長率(CAGR)11.1%で成長し、2025年の199億5,000万米ドルから2030年までに337億5,000万米ドルに成長すると予想されています。5Gにより、携帯端末やIoT(モノのインターネット)デバイスは、速度、遅延、信頼性、消費電力を改善しながら、複数の接続を同時に収容できます。スペクトルのオークションはほぼ終了し、5G対応の携帯端末がリリースされ、ネットワークの実装が世界中で始まっています。ネットワーク事業者による運用コスト削減の取り組みにより、5G開発のほとんどは、企業対消費者(B2C)市場に重点を置いています。ビデオやオーディオのストリーミングサービスなど、帯域幅を集中的に使用するアプリケーションによるデータ需要の増加と、クラウドサービスと5Gへの継続的な移行により、光ファイバー相互接続のニーズが高まり、海底ケーブルシステム市場の成長を促進するでしょう。

At a CAGR of 11.1%, the global submarine cable system market is anticipated to grow from USD 19.95 billion in 2025 to USD 33.75 billion by 2030. 5G allows mobile handsets and Internet of Things (IoT) devices to accommodate multiple connections simultaneously while improving speed, latency, reliability, and power consumption. The auctions for spectrum have nearly finished, 5G-ready handsets have been released, and network implementation has begun globally. Most 5G developments are focused on the business-to-consumer (B2C) market, owing to the efforts of network operators to reduce operational costs. With the growing demand for data fueled by bandwidth-intensive applications, such as video and audio streaming services, coupled with the continued shift toward cloud services and 5G, there is a growing need for fiber optic interconnectivity, which will drive the submarine cable systems market growth.

海底ケーブルシステム市場 - 2030年までの世界予測 - chosareport.com
submarine-cable-system-market

“Dry plant products segment captured second-largest share of submarine cable systems market for communication cables in 2024”

The dry plant products of submarine communication cables, comprising submarine line monitors (SLE), power feeding equipment (PFE), and submarine line terminal equipment (SLTE), cover the stage between beach manholes and cable landing stations. The demand for dry plant products in the submarine cable system market is driven by the need to support and optimize the performance of undersea cable networks once they reach the shore. The rapid expansion of data centers and the proliferation of broadband services require robust terrestrial infrastructure.

“Installation & commissioning segment to witness highest CAGR in market for submarine communication cables between 2025 and 2030”

Installation & commissioning are anticipated to witness the highest CAGR during the forecast period in the submarine communication cable market. Several key factors propel the installation and commissioning of submarine cables in the market. Firstly, the increasing global demand for high-speed and reliable connectivity drives the need for efficient installation and commissioning processes to deploy submarine cable networks swiftly. Secondly, advancements in installation technologies, such as remotely operated vehicles (ROVs) and specialized vessels, enable faster and more accurate cable laying in challenging underwater environments, contributing to reduced installation times and costs.

海底ケーブルシステム市場 - 2030年までの世界予測 - region
submarine-cable-system-market-region

“Rising interest towards offshore infrastructure to position Asia Pacific as the second-largest submarine power cable market in 2024”

The submarine power cable market in Asia Pacific, which includes China, Japan, South Korea, Malaysia, Vietnam, Indonesia, and Rest of Asia Pacific, has been thoroughly assessed. According to projections from the Global Wind Energy Council (GWEC), the Asia Pacific is expected to dominate offshore wind energy expansion throughout this decade. China is emerging as a dominant player in the global submarine power cable market, driven by its aggressive push toward renewable energy and offshore infrastructure development. The country has set a target to add 64 GW of offshore wind power capacity within the next five years, aiming to reduce its dependence on fossil fuels and achieve carbon neutrality.

Breakdown of Primaries

Various executives from key organizations operating in the submarine cable systems market, including CEOs, marketing directors, and innovation and technology directors, were interviewed in-depth.

  • By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
  • By Designation: Directors – 25%, C-level Executives – 45%, and Others – 30%
  • By Region: North America – 55%, Europe – 10%, Asia Pacific – 25%, the Middle East & Africa – 5%, and South America – 10%

Note: Three tiers of companies have been defined based on their total revenue as of 2024: tier 3: revenue less than USD 500 million; tier 2: revenue between USD 500 million and USD 1 billion; and tier 1: revenue more than USD 1 billion. Other designations include sales managers, marketing managers, and product managers.

Major players profiled in this report are Alcatel Submarine Networks (France), Prysmian S.p.A (Italy), SubCom, LLC  (US), NEC Corporation (Japan), Nexans (France), HENGTONG GROUP CO., LTD. (China), NKT A/S (Denmark), ZTT (China), LS Cable & System Ltd. (South Korea), Sumitomo Electric Industries, Ltd.(Japan),  Corning Incorporated (US), Ningbo Orient Wires &Cables Co.,Ltd. (China), Taihan Cable & Solution Co., Ltd. (South Korea), Qingdao Hanhe Cable Co., Ltd. (China), Furukawa Electric Co., Ltd. (Japan), Hexatronic Group (Sweden), APAR Industries Ltd. (India), TFKable (Poland), AFL (US), Hellenic Cables (Greece), Shanghai Qifan Cable Co.,Ltd. (China), SSGCABLE (China), OCC Corporation (Japan), Tratos (UK), and Frigate Engineering Services Pvt Ltd (US). These leading companies possess a broad portfolio of products and establish a prominent presence in established and emerging markets.

海底ケーブルシステム市場 - 2030年までの世界予測 - ecosystem
submarine-cable-system-market-ecosystem

The study provides a detailed competitive analysis of these key players in the submarine cable systems market, presenting their company profiles, most recent developments, and key market strategies.

Research Coverage

This report segments the submarine cable systems market based on cable type, component, service offering, type, end-use application, voltage, insulation, and region. The cable type segment includes communication cables and power cables. The component segment includes wet plant products and dry plant products.

The end-use application segment comprises offshore wind power generation plants, intercountry & island connections, and offshore oil & gas plants. The type segment includes single core and multicore. The service offerings segment covers the installation & commissioning, maintenance, and system upgrades. The voltage segment includes medium-voltage and High-voltage. The insulation segment includes cross-linked polyethylene, oil-impregnated paper, resin-impregnated paper, and resin-impregnated synthetics. The market for submarine power cable has been segmented into five regions—North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The market for submarine communication cable has been segmented into five regions: Transatlantic, Transpacific, Intra-Asia, Americas, EMEA, and Europe-Asia.

Reasons to Buy the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the submarine cable systems market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

Analysis of key drivers (Expanding offshore wind power, Cost-effective access to internet connectivity, Cost-effective access to internet connectivity, Transition to 5G technology and cloud-based services, Growing demand for internet connectivity across the Transpacific region, Rising need for electrical power supply on islands ), restraints (Significant upfront investments and associated maintenance expenses, Engagement of several jurisdictions), opportunities (Implementation of HVDC power transmission technology, Rising participation of OTT players), challenges (Shortage of commissioning, maintenance, and repair activities for vessels, Rise of alternative technologies) influencing the growth of the submarine cable systems market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the submarine cable systems market
  • Market Development: Comprehensive information about lucrative markets, including the analysis of the submarine cable systems market across varied regions
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in submarine cable systems
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, including Alcatel Submarine Networks (France), Prysmian S.p.A (Italy), SubCom, LLC (US), NEC Corporation (Japan), and Nexans (France).

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      30

1.4           CURRENCY CONSIDERED            30

1.5           UNIT CONSIDERED        30

1.6           LIMITATIONS    30

1.7           STAKEHOLDERS               30

1.8           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY AND PRIMARY RESEARCH 33

2.1.2        SECONDARY DATA          35

2.1.2.1    List of key secondary sources              35

2.1.2.2    Key data from secondary sources       35

2.1.3        PRIMARY DATA 36

2.1.3.1    List of primary interview participants               36

2.1.3.2    Key data from primary sources           37

2.1.3.3    Key industry insights           38

2.1.3.4    Breakdown of primaries      38

2.2           MARKET SIZE ESTIMATION METHODOLOGY     39

2.2.1        BOTTOM-UP APPROACH              39

2.2.1.1    Approach to derive market size using bottom-up analysis

(demand side)       39

2.2.2        TOP-DOWN APPROACH                40

2.2.2.1    Approach to derive market size using top-down analysis (supply side)        40

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 41

2.4           RESEARCH ASSUMPTIONS           43

2.5           RESEARCH LIMITATIONS             43

2.6           RISK ANALYSIS  43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUBMARINE CABLE SYSTEMS MARKET  49

4.2           SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE                 49

4.3           SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT    50

4.4           SUBMARINE POWER CABLES MARKET, BY INSULATION                 50

4.5           SUBMARINE POWER CABLES MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY                51

4.6           SUBMARINE POWER CABLES MARKET, BY COUNTRY                 51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               53

5.2.1.1    Rising need for reliable power transmission amid expanding offshore wind power capacity             53

5.2.1.2    Increasing bandwidth usage due to high access to affordable internet connectivity            54

5.2.1.3    Rapid transition toward 5G technology and cloud-based services                 54

5.2.1.4    Mounting demand for high-speed internet connections across Transpacific region               55

5.2.1.5    Rising need for electrical power supply in islands           55

5.2.2        RESTRAINTS      56

5.2.2.1    Significant upfront investments and associated maintenance expenses 56

5.2.2.2    Requirement for permits for submarine cable installations                 56

5.2.3        OPPORTUNITIES              57

5.2.3.1    Evolving HVDC power transmission technology             57

5.2.3.2    Increasing investment in submarine cable projects by over-the-top (OTT) players                59

5.2.4        CHALLENGES    60

5.2.4.1    Lack of commissioning, maintenance, and repair activities for vessels    60

5.2.4.2    Growing reliance on satellite internet technology           60

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            61

5.4           PRICING ANALYSIS          62

5.4.1        PRICING RANGE OF SUBMARINE CABLE SYSTEMS, BY CABLE TYPE, 2024             63

5.4.2        AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION

CABLES, 2021–2024            63

5.4.3        PRICING RANGE OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS, BY CABLE TYPE, 2024              64

5.4.4        AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLES,

BY REGION, 2021–2024    64

5.5           VALUE CHAIN ANALYSIS               66

5.6           ECOSYSTEM ANALYSIS  67

5.7           INVESTMENT AND FUNDING SCENARIO               69

5.8           TECHNOLOGY ANALYSIS             70

5.8.1        KEY TECHNOLOGIES     70

5.8.1.1    Wavelength division multiplexing      70

5.8.1.2    P-Laser cable technology    70

5.8.1.3    Open cables           70

5.8.2        COMPLEMENTARY TECHNOLOGIES       70

5.8.2.1    Subsea robotics     70

5.8.3        ADJACENT TECHNOLOGIES       71

5.8.3.1    Remote sensing and satellite communication  71

5.9           PATENT ANALYSIS          71

5.10         TRADE ANALYSIS             76

5.10.1      IMPORT SCENARIO (HS CODE 8544)        77

5.10.2      EXPORT SCENARIO (HS CODE 8544)        78

5.11         KEY CONFERENCES AND EVENTS, 2025–2026        79

5.12         CASE STUDY      79

5.12.1      CAMBRIDGE MANAGEMENT CONSULTING, PELAGIAN, AND BAKER BOTTS PROVIDE RESILIENT, HIGH-CAPACITY FIBER CONNECTIVITY SOLUTIONS IN TURKS & CAICOS ISLANDS               79

5.12.2      TRATOS SUPPLIES SUBMARINE CABLE COMPONENTS TO ADDRESS SPECIFIC REQUIREMENTS OF ENI’S MEXICO AREA 1 DEVELOPMENT PROJECT         80

5.12.3      XTERA AND GCS PARTNER TO DEPLOY SUBMARINE CABLES TO ENHANCE CONNECTIVITY BETWEEN GALÁPAGOS ISLANDS AND ECUADOR              80

5.12.4      CORAL SEA CABLE SYSTEM (CS2) PROJECT ENABLES FASTER INTERNET CONNECTIVITY IN PAPUA NEW GUINEA AND SOLOMON ISLANDS             81

5.12.5      N-SEA BOOSTS PROJECT RESILIENCE USING SINAY’S METOCEAN ANALYTICS FOR WEATHER RISK MANAGEMENT                 81

5.13         REGULATORY LANDSCAPE         82

5.13.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             82

5.13.2      STANDARDS      83

5.14         PORTER’S FIVE FORCES ANALYSIS            84

5.14.1      INTENSITY OF COMPETITIVE RIVALRY 85

5.14.2      BARGAINING POWER OF SUPPLIERS       85

5.14.3      BARGAINING POWER OF BUYERS             86

5.14.4      THREAT OF SUBSTITUTES          86

5.14.5      THREAT OF NEW ENTRANTS      86

5.15         KEY STAKEHOLDERS AND BUYING PROCESS      87

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           87

5.15.2      BUYING CRITERIA           88

5.16         IMPACT OF AI/GEN AI ON SUBMARINE CABLE SYSTEMS MARKET               89

5.16.1      INTRODUCTION              89

5.16.2      IMPACT OF AI/GEN AI ON KEY END-USE APPLICATIONS                 89

5.16.2.1  Offshore wind power generation plants            89

5.16.2.2  Offshore oil & gas plants     89

5.16.3      AI/GEN AI USE CASES     90

5.16.4      FUTURE OF AI/GEN AI IN SUBMARINE CABLE SYSTEMS ECOSYSTEM       90

5.17         IMPACT OF 2025 US TARIFF ON SUBMARINE CABLE SYSTEMS MARKET           91

5.17.1      INTRODUCTION              91

5.17.2      KEY TARIFF RATES          92

5.17.3      PRICE IMPACT ANALYSIS             93

5.17.4      IMPACT ON COUNTRIES/REGIONS         93

5.17.4.1  US           93

5.17.4.2  Europe   94

5.17.4.3  Asia Pacific            95

5.17.5      IMPACT ON END-USE APPLICATIONS    95

6               SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE                 97

6.1           INTRODUCTION              98

6.2           COMMUNICATION CABLES         100

6.2.1        RISING ADOPTION OF CONNECTED DEVICES TO BOOST SEGMENTAL GROWTH  100

6.3           POWER CABLES                100

6.3.1        INCREASING OFFSHORE WIND FARM INSTALLATIONS TO ACCELERATE SEGMENTAL GROWTH              100

7               SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT    102

7.1           INTRODUCTION              103

7.2           DRY PLANT PRODUCTS                104

7.2.1        GROWING DEMAND FOR ADVANCED TERRESTRIAL EQUIPMENT TO MANAGE DATA TRAFFIC AND ENSURE SEAMLESS CONNECTIVITY TO DRIVE MARKET 104

7.2.2        SUBMARINE LINE TERMINAL EQUIPMENT           104

7.2.3        SUBMARINE LINE MONITORS    105

7.2.4        POWER FEEDING EQUIPMENT  105

7.3           WET PLANT PRODUCTS                105

7.3.1        REPEATERS        106

7.3.1.1    Optimal amplification and resistance to water pressure to foster segmental growth 106

7.3.2        BRANCHING UNITS         107

7.3.2.1    Ability to handle cable breaks to contribute to segmental growth                 107

7.3.3        CABLES 107

7.3.3.1    Use to address rising global connectivity demand to accelerate segmental growth 107

7.3.4        OTHER WET PLANT PRODUCTS                107

8               SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING        108

8.1           INTRODUCTION              109

8.2           INSTALLATION & COMMISSIONING        110

8.2.1        RISING GLOBAL DEMAND FOR FAST AND RELIABLE CONNECTIVITY TO BOLSTER SEGMENTAL GROWTH     110

8.3           MAINTENANCE 112

8.3.1        INCREASING SUBMARINE CABLE DAMAGE FROM HUMAN ACTIVITIES TO AUGMENT SEGMENTAL GROWTH                 112

8.4           SYSTEM UPGRADE          113

8.4.1        ADOPTION OF COHERENT TRANSMISSION TECHNOLOGY TO OFFER GROWTH OPPORTUNITIES   113

9               SUBMARINE POWER CABLES MARKET, BY TYPE                 115

9.1           INTRODUCTION              116

9.2           SINGLE CORE    117

9.2.1        EXPANDING USE IN OFFSHORE WIND FARMS AND REMOTE ISLANDS FOR POWER DISTRIBUTION TO FUEL SEGMENTAL GROWTH  117

9.3           MULTICORE       118

9.3.1        CAPABILITY OF LEAD SHEATHS TO PREVENT WATER INGRESS TO EXPEDITE SEGMENTAL GROWTH  118

10            SUBMARINE POWER CABLES MARKET, BY VOLTAGE                 120

10.1         INTRODUCTION              121

10.2         MEDIUM-VOLTAGE        122

10.2.1      RISING NEED FOR CONNECTIONS BETWEEN GENERATORS ON WIND FARMS AND OFFSHORE OIL & GAS PLATFORMS TO DRIVE MARKET               122

10.3         HIGH-VOLTAGE                123

10.3.1      INCREASING OFFSHORE RENEWABLE POWER GENERATION TO ACCELERATE SEGMENTAL GROWTH 123

11            SUBMARINE POWER CABLES MARKET, BY INSULATION                 125

11.1         INTRODUCTION              126

11.2         CROSS-LINKED POLYETHYLENE (XLPE)                127

11.2.1      CAPABILITY TO PROVIDE HIGH ELECTRICAL AND MECHANICAL STRENGTH TO BOOST SEGMENTAL GROWTH                 127

11.3         OIL-IMPREGNATED PAPER (OIP)              128

11.3.1      INCREASING USE IN HIGH-VOLTAGE DC TRANSMISSION LINES TO CONTRIBUTE TO SEGMENTAL GROWTH             128

11.4         RESIN-IMPREGNATED PAPER (RIP)          129

11.4.1      CAPABILITY TO ENDURE HARSH ENVIRONMENTAL CONDITIONS TO AUGMENT SEGMENTAL GROWTH       129

11.5         RESIN-IMPREGNATED SYNTHETIC (RIS)                130

11.5.1      EXPLOSION-PROOF PROPERTIES TO ACCELERATE SEGMENTAL GROWTH  130

12            SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION   132

12.1         INTRODUCTION              133

12.2         OFFSHORE WIND POWER GENERATION PLANTS                 134

12.2.1      GROWING NEED FOR LONG-DISTANCE POWER TRANSMISSION TO FUEL SEGMENTAL GROWTH              134

12.3         INTERCOUNTRY & ISLAND CONNECTION            135

12.3.1      RISING DEMAND FOR CLEAN AND RENEWABLE ENERGY TO DRIVE MARKET         135

12.4         OFFSHORE OIL & GAS PLANTS  137

12.4.1      INCREASING USE OF SATELLITE WELLS IN SUBSEA FIELD DEVELOPMENT TO BOOST SEGMENTAL GROWTH                 137

13            SUBMARINE POWER CABLES MARKET, BY REGION                 138

13.1         INTRODUCTION              139

13.2         NORTH AMERICA             142

13.2.1      US           143

13.2.1.1  Rising government initiatives to promote offshore wind energy to accelerate market growth    143

13.2.2      CANADA               144

13.2.2.1  Growing emphasis on building clean economy through renewable energy technologies to drive market  144

13.2.3      MEXICO                145

13.2.3.1  Increasing offshore oil activities to contribute to market growth                 145

13.3         EUROPE               146

13.3.1      UK          149

13.3.1.1  Growing emphasis on achieving net-zero emission targets to boost market growth             149

13.3.2      GERMANY           150

13.3.2.1  Government initiatives to support renewable energy adoption to fuel market growth                150

13.3.3      DENMARK           151

13.3.3.1  Increasing investment in offshore wind sector to accelerate market growth       151

13.3.4      NETHERLANDS 152

13.3.4.1  Growing reliance on sustainable energy sources to drive market                 152

13.3.5      NORWAY              153

13.3.5.1  Increasing production of offshore oil and gas to bolster market growth    153

13.3.6      FRANCE                154

13.3.6.1  Growing construction of offshore wind farms to contribute to market growth       154

13.3.7      REST OF EUROPE             155

13.4         ASIA PACIFIC     156

13.4.1      CHINA  159

13.4.1.1  Strong focus on reducing reliance on fossil fuels to augment market growth       159

13.4.2      JAPAN   160

13.4.2.1  Increasing installation of offshore wind capacity to foster market growth    160

13.4.3      SOUTH KOREA  161

13.4.3.1  Government-driven initiatives to promote renewable energy to fuel market growth                161

13.4.4      MALAYSIA           162

13.4.4.1  Escalating offshore oil production to contribute to market growth                 162

13.4.5      INDONESIA        163

13.4.5.1  Rising implementation of favorable laws to promote carbon capture to accelerate market growth 163

13.4.6      VIETNAM             164

13.4.6.1  Strong commitment to achieving net-zero carbon emissions using renewable energy to expedite market growth  164

13.4.7      REST OF ASIA PACIFIC   165

13.5         MIDDLE EAST & AFRICA                166

13.5.1      UAE        168

13.5.1.1  Increasing investment to accelerate oil and gas production to drive market          168

13.5.2      SAUDI ARABIA  169

13.5.2.1  Growing emphasis on offshore oil and gas exploration activities to boost market growth        169

13.5.3      ANGOLA               170

13.5.3.1  Increasing focus on offshore crude oil and natural gas production to accelerate market growth                170

13.5.4      REST OF MIDDLE EAST & AFRICA             171

13.6         SOUTH AMERICA             172

13.6.1      BRAZIL 173

13.6.1.1  Emergence as significant hub for wind energy to contribute to market growth       173

13.6.2      ARGENTINA       174

13.6.2.1  Rising implementation of legislation to support renewable energy initiatives to fuel market growth        174

13.6.3      REST OF SOUTH AMERICA           175

14            SUBMARINE COMMUNICATION CABLES MARKET, BY REGION                177

14.1         INTRODUCTION              178

14.2         TRANSATLANTIC             179

14.2.1      MOUNTING DEMAND FOR LOW-LATENCY COMMUNICATION TO CREATE MARKET GROWTH OPPORTUNITIES              179

14.3         TRANSPACIFIC 180

14.3.1      RISING INITIATIVES TO CONNECT MAJOR ECONOMIC AND DATA CENTER HUBS TO DRIVE MARKET   180

14.4         INTRA-ASIA        181

14.4.1      GROWING FOCUS ON ENHANCING DIGITAL CONNECTIVITY TO FUEL MARKET GROWTH     181

14.5         AMERICAS           182

14.5.1      FLOURISHING MOBILE DATA INDUSTRY TO CONTRIBUTE TO MARKET GROWTH      182

14.6         EURASIA               183

14.6.1      GROWING ADOPTION OF MOBILE AND CLOUD SERVICES TO BOLSTER MARKET GROWTH          183

14.7         EMEA    184

14.7.1      INCREASING EXECUTION OF SUBMARINE COMMUNICATION CABLE PROJECTS TO FOSTER MARKET GROWTH             184

15            COMPETITIVE LANDSCAPE         186

15.1         OVERVIEW          186

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 186

15.3         REVENUE ANALYSIS, 2020–2024  189

15.4         MARKET SHARE ANALYSIS, 2024                 190

15.5         COMPANY VALUATION AND FINANCIAL METRICS                 192

15.6         PRODUCT COMPARISON              194

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 194

15.7.1      STARS   194

15.7.2      EMERGING LEADERS     194

15.7.3      PERVASIVE PLAYERS      195

15.7.4      PARTICIPANTS 195

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS IN SUBMARINE POWER CABLES MARKET, 2024   196

15.7.5.1  Company footprint               196

15.7.5.2  Region footprint   197

15.7.5.3  Type footprint       198

15.7.5.4  End-use application footprint             199

15.7.6      COMPANY FOOTPRINT: KEY PLAYERS IN SUBMARINE COMMUNICATION CABLES MARKET, 2024            200

15.7.6.1  Company footprint               200

15.7.6.2  Region footprint   201

15.7.6.3  Component footprint           202

15.7.6.4  Service offering footprint    203

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        204

15.8.1      PROGRESSIVE COMPANIES         204

15.8.2      RESPONSIVE COMPANIES            204

15.8.3      DYNAMIC COMPANIES  204

15.8.4      STARTING BLOCKS         204

15.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 206

15.8.5.1  Detailed list of key startups/SMEs    206

15.8.5.2  Competitive benchmarking of key startups/SMEs          206

15.9         COMPETITIVE SCENARIO             207

15.9.1      PRODUCT LAUNCHES   207

15.9.2      DEALS  208

15.9.3      EXPANSIONS     210

15.9.4      OTHER DEVELOPMENTS              211

16            COMPANY PROFILES      221

16.1         KEY PLAYERS     221

16.1.1      ALCATEL SUBMARINE NETWORKS          221

16.1.1.1  Business overview 221

16.1.1.2  Products/Solutions/Services offered 221

16.1.1.3  Recent developments           222

16.1.1.3.1                Deals      222

16.1.1.3.2                Expansions             223

16.1.1.3.3                Other developments             224

16.1.1.4  MnM view              225

16.1.1.4.1                Key strengths/Right to win 225

16.1.1.4.2                Strategic choices   225

16.1.1.4.3                Weaknesses/Competitive threats       225

16.1.2      PRYSMIAN S.P.A                226

16.1.2.1  Business overview 226

16.1.2.2  Products/Solutions/Services offered 227

16.1.2.3  Recent developments           228

16.1.2.3.1                Deals      228

16.1.2.3.2                Expansions             228

16.1.2.3.3                Other developments             229

16.1.2.4  MnM view              233

16.1.2.4.1                Key strengths/Right to win 233

16.1.2.4.2                Strategic choices   233

16.1.2.4.3                Weaknesses/Competitive threats       233

16.1.3      SUBCOM, LLC    234

16.1.3.1  Business overview 234

16.1.3.2  Products/Solutions/Services offered 234

16.1.3.3  Recent developments           235

16.1.3.3.1                Deals      235

16.1.3.3.2                Expansions             235

16.1.3.3.3                Other developments             236

16.1.3.4  MnM view              237

16.1.3.4.1                Key strengths/Right to win 237

16.1.3.4.2                Strategic choices   237

16.1.3.4.3                Weaknesses/Competitive threats       238

16.1.4      NEC CORPORATION       239

16.1.4.1  Business overview 239

16.1.4.2  Products/Solutions/Services offered 240

16.1.4.3  Recent developments           241

16.1.4.3.1                Product launches  241

16.1.4.3.2                Other developments             241

16.1.4.4  MnM view              243

16.1.4.4.1                Key strengths/Right to win 243

16.1.4.4.2                Strategic choices   243

16.1.4.4.3                Weaknesses/Competitive threats       243

16.1.5      NEXANS                244

16.1.5.1  Business overview 244

16.1.5.2  Products/Solutions/Services offered 246

16.1.5.3  Recent developments           246

16.1.5.3.1                Deals      246

16.1.5.3.2                Other developments             247

16.1.5.4  MnM view              250

16.1.5.4.1                Key strengths/Right to win 250

16.1.5.4.2                Strategic choices   250

16.1.5.4.3                Weaknesses/Competitive threats       250

16.1.6      HENGTONG GROUP CO., LTD.  251

16.1.6.1  Business overview 251

16.1.6.2  Products/Solutions/Services offered 251

16.1.6.3  Recent developments           252

16.1.6.3.1                Developments       252

16.1.7      ZTT        253

16.1.7.1  Business overview 253

16.1.7.2  Products/Solutions/Services offered 254

16.1.7.3  Recent developments           255

16.1.7.3.1                Developments       255

16.1.8      NKT A/S                256

16.1.8.1  Business overview 256

16.1.8.2  Products/Solutions/Services offered 257

16.1.8.3  Recent developments           258

16.1.8.3.1                Deals      258

16.1.8.3.2                Other developments             259

16.1.9      SUMITOMO ELECTRIC INDUSTRIES LTD.             261

16.1.9.1  Business overview 261

16.1.9.2  Products/Solutions/Services offered 263

16.1.9.3  Recent developments           263

16.1.9.3.1                Deals      263

16.1.9.3.2                Expansions             264

16.1.9.3.3                Other developments             264

16.1.10   LS CABLE & SYSTEM LTD.             266

16.1.10.1                 Business overview 266

16.1.10.2                 Products/Solutions/Services offered 267

16.1.10.3                 Recent developments           267

16.1.10.3.1             Developments       267

16.2         OTHER PLAYERS              269

16.2.1      CORNING INCORPORATED         269

16.2.2      NINGBO ORIENT WIRES & CABLES CO. LTD.        270

16.2.3      TAIHAN CABLE & SOLUTION CO., LTD. 271

16.2.4      QINGDAO HANHE CABLE CO., LTD.        272

16.2.5      FURUKAWA ELECTRIC CO., LTD.               273

16.2.6      HEXATRONIC GROUP    274

16.2.7      APAR INDUSTRIES LTD.                275

16.2.8      TFKABLE              276

16.2.9      AFL         277

16.2.10   HELLENIC CABLES          278

16.2.11   SHANGHAI QIFAN CABLE CO.,LTD.          278

16.2.12   SSGCABLE           279

16.2.13   OCC CORPORATION      280

16.2.14   FRIGATE ENGINEERING SERVICES PVT LTD        280

16.2.15   TRATOS                281

17            APPENDIX           282

17.1         INSIGHTS FROM INDUSTRY EXPERTS     282

17.2         DISCUSSION GUIDE        282

17.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                287

17.4         CUSTOMIZATION OPTIONS        289

17.5         RELATED REPORTS         289

17.6         AUTHOR DETAILS           290

LIST OF TABLES

TABLE 1                LIST OF KEY SECONDARY SOURCES        35

TABLE 2                LIST OF PRIMARY INTERVIEW PARTICIPANTS                 36

TABLE 3                SUBMARINE CABLE SYSTEMS MARKET: RESEARCH ASSUMPTIONS           43

TABLE 4                SUBMARINE CABLE SYSTEMS MARKET: RISK ANALYSIS            43

TABLE 5                UPCOMING SUBMARINE POWER CABLE PROJECTS            58

TABLE 6                UPCOMING SUBMARINE COMMUNICATION CABLE PROJECTS             59

TABLE 7                PRICING RANGE OF SUBMARINE CABLE SYSTEMS, BY CABLE TYPE,

2024 (USD/KM) 63

TABLE 8                AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLES, 2021–2024 (USD/KM)                 64

TABLE 9                PRICING RANGE OF SUBMARINE CABLE SYSTEMS OFFERED BY KEY PLAYERS,

BY CABLE TYPE, 2024 (USD/KM)                64

TABLE 10              AVERAGE SELLING PRICE TREND OF SUBMARINE POWER CABLES, BY REGION, 2021–2024 (USD/KM)                 65

TABLE 11              ROLE OF COMPANIES IN SUBMARINE CABLE SYSTEMS ECOSYSTEM   68

TABLE 12              LIST OF MAJOR PATENTS, 2021–2024        73

TABLE 13              IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            77

TABLE 14              EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            78

TABLE 15              LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        79

TABLE 16              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             82

TABLE 17              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 82

TABLE 18              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 83

TABLE 19              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 20              STANDARDS      84

TABLE 21              IMPACT OF PORTER’S FIVE FORCES ANALYSIS                 84

TABLE 22              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS,

BY END-USE APPLICATION (%) 87

TABLE 23              KEY BUYING CRITERIA, BY END-USE APPLICATION   88

TABLE 24              US-ADJUSTED RECIPROCAL TARIFF RATES                 92

TABLE 25              KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR SUBMARINE CABLE SYSTEMS            92

TABLE 26              SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE,

2021–2024 (USD MILLION)            99

TABLE 27              SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE,

2025–2030 (USD MILLION)            99

TABLE 28              SUBMARINE CABLE SYSTEMS MARKET, 2021–2024 (KILOMETERS)        99

TABLE 29              SUBMARINE CABLE SYSTEMS MARKET, 2025–2030 (KILOMETERS)        99

TABLE 30              SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT,

2021–2024 (USD MILLION)            104

TABLE 31              SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT,

2025–2030 (USD MILLION)            104

TABLE 32              WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLES MARKET,

BY COMPONENT TYPE, 2021–2024 (USD MILLION)            106

TABLE 33              WET PLANT PRODUCTS: SUBMARINE COMMUNICATION CABLES MARKET,

BY COMPONENT TYPE, 2025–2030 (USD MILLION)            106

TABLE 34              SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING,

2021–2024 (USD MILLION)            110

TABLE 35              SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING,

2025–2030 (USD MILLION)            110

TABLE 36              INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)            111

TABLE 37              INSTALLATION & COMMISSIONING: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)            111

TABLE 38              MAINTENANCE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION) 113

TABLE 39              MAINTENANCE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION) 113

TABLE 40              SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2021–2024 (USD MILLION) 114

TABLE 41              SYSTEM UPGRADE: SUBMARINE COMMUNICATION CABLES MARKET, BY REGION, 2025–2030 (USD MILLION) 114

TABLE 42              SUBMARINE POWER CABLES MARKET, BY TYPE, 2021–2024 (USD MILLION)            117

TABLE 43              SUBMARINE POWER CABLES MARKET, BY TYPE, 2025–2030 (USD MILLION)            117

TABLE 44              SINGLE CORE: SUBMARINE POWER CABLES MARKET, BY REGION,

2021–2024 (USD MILLION)            118

TABLE 45              SINGLE CORE: SUBMARINE POWER CABLES MARKET, BY REGION,

2025–2030 (USD MILLION)            118

TABLE 46              MULTICORE: SUBMARINE POWER CABLES MARKET, BY REGION,

2021–2024 (USD MILLION)            119

TABLE 47              MULTICORE: SUBMARINE POWER CABLES MARKET, BY REGION,

2025–2030 (USD MILLION)            119

TABLE 48              SUBMARINE POWER CABLES MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)      122

TABLE 49              SUBMARINE POWER CABLES MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)      122

TABLE 50              MEDIUM-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION,

2021–2024 (USD MILLION)            123

TABLE 51              MEDIUM-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION,

2025–2030 (USD MILLION)            123

TABLE 52              HIGH-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION,

2021–2024 (USD MILLION)            124

TABLE 53              HIGH-VOLTAGE: SUBMARINE POWER CABLES MARKET, BY REGION,

2025–2030 (USD MILLION)            124

TABLE 54              SUBMARINE POWER CABLES MARKET, BY INSULATION,

2021–2024 (USD MILLION)            126

TABLE 55              SUBMARINE POWER CABLES MARKET, BY INSULATION,

2025–2030 (USD MILLION)            127

TABLE 56              CROSS-LINKED POLYETHYLENE (XLPE): SUBMARINE POWER CABLES MARKET,

BY REGION, 2021–2024 (USD MILLION)   127

TABLE 57              CROSS-LINKED POLYETHYLENE (XLPE): SUBMARINE POWER CABLES MARKET,

BY REGION, 2025–2030 (USD MILLION)   128

TABLE 58              OIL-IMPREGNATED PAPER (OIP): SUBMARINE POWER CABLES MARKET,

BY REGION, 2021–2024 (USD MILLION)   128

TABLE 59              OIL-IMPREGNATED PAPER (OIP): SUBMARINE POWER CABLES MARKET,

BY REGION, 2025–2030 (USD MILLION)   129

TABLE 60              RESIN-IMPREGNATED PAPER (RIP): SUBMARINE POWER CABLES MARKET,

BY REGION, 2021–2024 (USD MILLION)   129

TABLE 61              RESIN-IMPREGNATED PAPER (RIP): SUBMARINE POWER CABLES MARKET,

BY REGION, 2025–2030 (USD MILLION)   130

TABLE 62              RESIN-IMPREGNATED SYNTHETIC (RIS): SUBMARINE POWER CABLES MARKET,

BY REGION, 2021–2024 (USD MILLION)   130

TABLE 63              RESIN-IMPREGNATED SYNTHETIC (RIS): SUBMARINE POWER CABLES MARKET,

BY REGION, 2025–2030 (USD MILLION)   131

TABLE 64              SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            134

TABLE 65              SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            134

TABLE 66              OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)            135

TABLE 67              OFFSHORE WIND POWER GENERATION PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)            135

TABLE 68              INTERCOUNTRY & ISLAND CONNECTIONS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION) 136

TABLE 69              INTERCOUNTRY & ISLAND CONNECTIONS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION) 136

TABLE 70              OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)                 137

TABLE 71              OFFSHORE OIL & GAS PLANTS: SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)                 137

TABLE 72              SUBMARINE POWER CABLES MARKET, BY REGION, 2021–2024 (USD MILLION)          141

TABLE 73              SUBMARINE POWER CABLES MARKET, BY REGION, 2025–2030 (USD MILLION)          141

TABLE 74              NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            142

TABLE 75              NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            143

TABLE 76              NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 143

TABLE 77              NORTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 143

TABLE 78              US: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            144

TABLE 79              US: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            144

TABLE 80              CANADA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 81              CANADA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            145

TABLE 82              MEXICO: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            146

TABLE 83              MEXICO: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            146

TABLE 84              EUROPE: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            148

TABLE 85              EUROPE: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            148

TABLE 86              EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            148

TABLE 87              EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            149

TABLE 88              UK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            149

TABLE 89              UK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 90              GERMANY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 150

TABLE 91              GERMANY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 151

TABLE 92              DENMARK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 151

TABLE 93              DENMARK: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 152

TABLE 94              NETHERLANDS: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 152

TABLE 95              NETHERLANDS: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 153

TABLE 96             NORWAY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)   153

TABLE 97             NORWAY: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)   154

TABLE 98              FRANCE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            154

TABLE 99              FRANCE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            155

TABLE 100            REST OF EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 155

TABLE 101            REST OF EUROPE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 156

TABLE 102            ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            158

TABLE 103            ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            158

TABLE 104            ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 158

TABLE 105            ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 159

TABLE 106            CHINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            159

TABLE 107            CHINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            160

TABLE 108            JAPAN: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            161

TABLE 109            JAPAN: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            161

TABLE 110            SOUTH KOREA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 162

TABLE 111            SOUTH KOREA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 162

TABLE 112            MALAYSIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 163

TABLE 113            MALAYSIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 163

TABLE 114            INDONESIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 164

TABLE 115            INDONESIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 164

TABLE 116            VIETNAM: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 165

TABLE 117            VIETNAM: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 165

TABLE 118            REST OF ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)            166

TABLE 119            REST OF ASIA PACIFIC: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)            166

TABLE 120            MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 167

TABLE 121            MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 167

TABLE 122            MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)            167

TABLE 123            MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)            168

TABLE 124            UAE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            168

TABLE 125            UAE: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            169

TABLE 126            SAUDI ARABIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 169

TABLE 127            SAUDI ARABIA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 170

TABLE 128          ANGOLA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            170

TABLE 129          ANGOLA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            171

TABLE 130            REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET,

BY END-USE APPLICATION, 2021–2024 (USD MILLION)   171

TABLE 131            REST OF MIDDLE EAST & AFRICA: SUBMARINE POWER CABLES MARKET,

BY END-USE APPLICATION, 2025–2030 (USD MILLION)   171

TABLE 132            SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            172

TABLE 133            SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            172

TABLE 134            SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 173

TABLE 135            SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 173

TABLE 136            BRAZIL: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2021–2024 (USD MILLION)            174

TABLE 137            BRAZIL: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION,

2025–2030 (USD MILLION)            174

TABLE 138            ARGENTINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)                 175

TABLE 139            ARGENTINA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)                 175

TABLE 140            REST OF SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION)            175

TABLE 141            REST OF SOUTH AMERICA: SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION)            176

TABLE 142            SUBMARINE COMMUNICATION CABLES MARKET, BY REGION,

2021–2024 (USD MILLION)            179

TABLE 143            SUBMARINE COMMUNICATION CABLES MARKET, BY REGION,

2025–2030 (USD MILLION)            179

TABLE 144            TRANSATLANTIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)            180

TABLE 145            TRANSATLANTIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)            180

TABLE 146            TRANSPACIFIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)            181

TABLE 147            TRANSPACIFIC: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)            181

TABLE 148            INTRA-ASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)            182

TABLE 149            INTRA-ASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)            182

TABLE 150            AMERICAS: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)            183

TABLE 151            AMERICAS: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)            183

TABLE 152            EURASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)            184

TABLE 153            EURASIA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)            184

TABLE 154            EMEA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2021–2024 (USD MILLION)                 185

TABLE 155            EMEA: SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING, 2025–2030 (USD MILLION)                 185

TABLE 156            SUBMARINE CABLE SYSTEMS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2021–JUNE 2025          186

TABLE 157            SUBMARINE COMMUNICATION CABLES MARKET: DEGREE OF COMPETITION, 2024          190

TABLE 158            SUBMARINE POWER CABLES MARKET: DEGREE OF COMPETITION, 2024                 191

TABLE 159            SUBMARINE POWER CABLES MARKET: REGION FOOTPRINT       197

TABLE 160            SUBMARINE POWER CABLES MARKET: TYPE FOOTPRINT       198

TABLE 161            SUBMARINE POWER CABLES MARKET: END–USE APPLICATION FOOTPRINT         199

TABLE 162            SUBMARINE COMMUNICATION CABLES MARKET: REGION FOOTPRINT 201

TABLE 163            SUBMARINE COMMUNICATION CABLES MARKET: COMPONENT FOOTPRINT      202

TABLE 164            SUBMARINE COMMUNICATION CABLES MARKET: SERVICE OFFERING FOOTPRINT           203

TABLE 165            SUBMARINE CABLE SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES             206

TABLE 166            SUBMARINE CABLE SYSTEMS MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              206

TABLE 167            SUBMARINE CABLE SYSTEMS MARKET: PRODUCT LAUNCHES,

JANUARY 2021–JUNE 2025              207

TABLE 168            SUBMARINE CABLE SYSTEMS MARKET: DEALS, JANUARY 2021–JUNE 2025              208

TABLE 169            SUBMARINE CABLE SYSTEMS MARKET: EXPANSIONS, JANUARY 2021–JUNE 2025 210

TABLE 170            SUBMARINE CABLE SYSTEMS MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–JUNE 2025              211

TABLE 171            ALCATEL SUBMARINE NETWORKS: COMPANY OVERVIEW          221

TABLE 172            ALCATEL SUBMARINE NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 173            ALCATEL SUBMARINE NETWORKS: DEALS                 222

TABLE 174            ALCATEL SUBMARINE NETWORKS: EXPANSIONS     223

TABLE 175            ALCATEL SUBMARINE NETWORKS: OTHER DEVELOPMENTS              224

TABLE 176            PRYSMIAN S.P.A: COMPANY OVERVIEW 226

TABLE 177            PRYSMIAN S.P.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED    227

TABLE 178            PRYSMIAN S.P.A: DEALS                228

TABLE 179            PRYSMIAN S.P.A: EXPANSIONS   228

TABLE 180            PRYSMIAN S.P.A: OTHER DEVELOPMENTS                 229

TABLE 181            SUBCOM, LLC: COMPANY OVERVIEW    234

TABLE 182            SUBCOM, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    234

TABLE 183            SUBCOM, LLC: DEALS    235

TABLE 184            SUBCOM, LLC: EXPANSIONS       235

TABLE 185            SUBCOM, LLC: OTHER DEVELOPMENTS                 236

TABLE 186            NEC CORPORATION: COMPANY OVERVIEW                 239

TABLE 187            NEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    240

TABLE 188            NEC CORPORATION: PRODUCT LAUNCHES                 241

TABLE 189            NEC CORPORATION: OTHER DEVELOPMENTS                 241

TABLE 190            NEXANS: COMPANY OVERVIEW 244

TABLE 191            NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             246

TABLE 192            NEXANS: DEALS                246

TABLE 193            NEXANS: OTHER DEVELOPMENTS           247

TABLE 194            HENGTONG GROUP CO., LTD.: COMPANY OVERVIEW          251

TABLE 195            HENGTONG GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 196            HENGTONG GROUP CO., LTD.: DEVELOPMENTS              252

TABLE 197            ZTT: COMPANY OVERVIEW         253

TABLE 198            ZTT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             254

TABLE 199            ZTT: DEVELOPMENTS  255

TABLE 200            NKT A/S: COMPANY OVERVIEW                256

TABLE 201            NKT A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED             257

TABLE 202            NKT A/S: DEALS                258

TABLE 203            NKT A/S: OTHER DEVELOPMENTS          259

TABLE 204            SUMITOMO ELECTRIC INDUSTRIES LTD.: COMPANY OVERVIEW   261

TABLE 205            SUMITOMO ELECTRIC INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 206            SUMITOMO ELECTRIC INDUSTRIES LTD.: DEALS  263

TABLE 207            SUMITOMO ELECTRIC INDUSTRIES LTD.: EXPANSIONS     264

TABLE 208            SUMITOMO ELECTRIC INDUSTRIES LTD.: OTHER DEVELOPMENTS              264

TABLE 209            LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW          266

TABLE 210            LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    267

TABLE 211            LS CABLE & SYSTEM LTD.: DEVELOPMENTS                 267

LIST OF FIGURES

FIGURE 1              SUBMARINE CABLE SYSTEMS MARKET SEGMENTATION AND REGIONAL SCOPE              28

FIGURE 2              SUBMARINE CABLE SYSTEMS MARKET: RESEARCH DESIGN         32

FIGURE 3              SUBMARINE CABLE SYSTEMS MARKET: RESEARCH APPROACH  34

FIGURE 4              KEY DATA FROM SECONDARY SOURCES                 35

FIGURE 5              KEY DATA FROM PRIMARY SOURCES     37

FIGURE 6              KEY INDUSTRY INSIGHTS             38

FIGURE 7              BREAKDOWN OF PRIMARIES      38

FIGURE 8              SUBMARINE CABLE SYSTEMS MARKET: BOTTOM-UP APPROACH              40

FIGURE 9              SUBMARINE CABLE SYSTEMS MARKET: TOP-DOWN APPROACH          40

FIGURE 10            SUBMARINE POWER CABLE SYSTEMS MARKET SIZE ESTIMATION METHODOLOGY        41

FIGURE 11            SUBMARINE CABLE SYSTEMS MARKET: DATA TRIANGULATION             42

FIGURE 12            SUBMARINE CABLE SYSTEMS MARKET SIZE, IN TERMS OF VALUE, 2021–2030       44

FIGURE 13            POWER CABLES SEGMENT TO HOLD LARGER SHARE OF SUBMARINE CABLE SYSTEMS MARKET IN 2030                 45

FIGURE 14            INSTALLATION & COMMISSIONING SEGMENT TO DOMINATE SUBMARINE COMMUNICATION CABLES MARKET BETWEEN 2025 AND 2030            45

FIGURE 15            OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO EXHIBIT HIGHEST CAGR IN SUBMARINE POWER CABLES MARKET FROM 2025 TO 2030     46

FIGURE 16            HIGH-VOLTAGE SEGMENT TO CAPTURE LARGER SHARE OF SUBMARINE POWER CABLES MARKET IN 2025        47

FIGURE 17            INTRA-ASIA TO RECORD HIGHEST CAGR IN SUBMARINE COMMUNICATION CABLES MARKET DURING FORECAST PERIOD         47

FIGURE 18            EUROPE HELD LARGEST SHARE OF SUBMARINE POWER CABLES MARKET IN 2024               48

FIGURE 19            INCREASING INVESTMENTS IN OFFSHORE WIND POWER PROJECTS TO DRIVE SUBMARINE POWER CABLE MARKET               49

FIGURE 20            POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEMS MARKET BETWEEN 2025 AND 2030                 49

FIGURE 21            WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SUBMARINE COMMUNICATION CABLES MARKET SHARE IN 2030   50

FIGURE 22            OIL-IMPREGNATED PAPER (OIP) SEGMENT TO DOMINATE SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD         50

FIGURE 23            OFFSHORE WIND POWER GENERATION PLANTS SEGMENT AND UK TO HOLD LARGEST SHARES OF EUROPEAN SUBMARINE POWER CABLES MARKET IN 2025                 51

FIGURE 24            US TO RECORD HIGHEST CAGR IN GLOBAL SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD                51

FIGURE 25            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    53

FIGURE 26            IMPACT ANALYSIS: DRIVERS      56

FIGURE 27            IMPACT ANALYSIS: RESTRAINTS               57

FIGURE 28            IMPACT ANALYSIS: OPPORTUNITIES     59

FIGURE 29            IMPACT ANALYSIS: CHALLENGES             60

FIGURE 30            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   61

FIGURE 31            AVERAGE SELLING PRICE TREND OF SUBMARINE COMMUNICATION CABLES, 2021–2024          63

FIGURE 32            AVERAGE SELLING PRICING TREND OF SUBMARINE POWER CABLES,

BY REGION, 2021–2024    65

FIGURE 33            VALUE CHAIN ANALYSIS               66

FIGURE 34            SUBMARINE CABLE SYSTEMS ECOSYSTEM                 68

FIGURE 35            INVESTMENT AND FUNDING SCENARIO, 2021–2024        69

FIGURE 36            PATENTS APPLIED AND GRANTED, 2015–2024                 72

FIGURE 37            IMPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             77

FIGURE 38            EXPORT DATA FOR HS CODE 8544-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             78

FIGURE 39            PORTER’S FIVE FORCES ANALYSIS            85

FIGURE 40            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION    87

FIGURE 41            KEY BUYING CRITERIA, BY END-USE APPLICATION   88

FIGURE 42            AI/GEN AI USE CASES IN SUBMARINE CABLE SYSTEMS MARKET           90

FIGURE 43            SUBMARINE CABLE SYSTEMS MARKET, BY CABLE TYPE       98

FIGURE 44            POWER CABLES SEGMENT TO DOMINATE SUBMARINE CABLE SYSTEMS MARKET FROM 2025 TO 2030                 98

FIGURE 45            OFFSHORE WIND CAPACITY INSTALLATIONS, 2020–2023 (GW) 101

FIGURE 46            SUBMARINE COMMUNICATION CABLES MARKET, BY COMPONENT          103

FIGURE 47            WET PLANT PRODUCTS SEGMENT TO HOLD LARGER SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2025                103

FIGURE 48            SUBMARINE COMMUNICATION CABLES MARKET, BY SERVICE OFFERING              109

FIGURE 49            INSTALLATION & COMMISSIONING SEGMENT TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2030               109

FIGURE 50            SUBMARINE POWER CABLES MARKET, BY TYPE                 116

FIGURE 51            SINGLE CORE SEGMENT TO DOMINATE SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD                116

FIGURE 52            SUBMARINE POWER CABLES MARKET, BY VOLTAGE            121

FIGURE 53            HIGH-VOLTAGE SEGMENT TO REGISTER HIGHER CAGR IN SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD       121

FIGURE 54            SUBMARINE POWER CABLES MARKET, BY INSULATION      126

FIGURE 55            OIL-IMPREGNATED PAPER (OIP) SEGMENT TO CAPTURE LARGEST SHARE OF SUBMARINE POWER CABLES MARKET IN 2030                126

FIGURE 56            SUBMARINE POWER CABLES MARKET, BY END-USE APPLICATION           133

FIGURE 57            OFFSHORE WIND POWER GENERATION PLANTS SEGMENT TO RECORD HIGHEST CAGR IN SUBMARINE POWER CABLES MARKET DURING FORECAST PERIOD  133

FIGURE 58            SUBMARINE POWER CABLES MARKET: REGIONAL SNAPSHOT  139

FIGURE 59            NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN SUBMARINE

POWER CABLES MARKET FROM 2025 TO 2030     140

FIGURE 60            EUROPE TO CLAIM LARGEST MARKET SHARE OF SUBMARINE

POWER CABLES MARKET IN 2025               140

FIGURE 61            NORTH AMERICA: SUBMARINE POWER CABLES MARKET SNAPSHOT       142

FIGURE 62            EUROPE: SUBMARINE POWER CABLES MARKET SNAPSHOT          147

FIGURE 63            ASIA PACIFIC: SUBMARINE POWER CABLES MARKET SNAPSHOT       157

FIGURE 64            SUBMARINE COMMUNICATION CABLES MARKET, BY REGION     178

FIGURE 65            TRANSATLANTIC TO HOLD LARGEST SHARE OF SUBMARINE COMMUNICATION CABLES MARKET IN 2025                 178

FIGURE 66            SUBMARINE CABLE SYSTEMS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2024     189

FIGURE 67            MARKET SHARE ANALYSIS OF COMPANIES OFFERING SUBMARINE COMMUNICATION CABLES, 2024                 190

FIGURE 68            MARKET SHARE ANALYSIS OF COMPANIES OFFERING SUBMARINE POWER CABLES, 2024     191

FIGURE 69            COMPANY VALUATION 192

FIGURE 70            FINANCIAL METRICS (EV/EBITDA)          193

FIGURE 71            PRODUCT COMPARISON              194

FIGURE 72            SUBMARINE CABLE SYSTEMS MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       195

FIGURE 73            SUBMARINE POWER CABLES MARKET: COMPANY FOOTPRINT 196

FIGURE 74            SUBMARINE COMMUNICATION CABLES MARKET: COMPANY FOOTPRINT             200

FIGURE 75            SUBMARINE CABLE SYSTEMS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 205

FIGURE 76            PRYSMIAN S.P.A: COMPANY SNAPSHOT 227

FIGURE 77            NEC CORPORATION: COMPANY SNAPSHOT                 240

FIGURE 78            NEXANS: COMPANY SNAPSHOT                245

FIGURE 79            ZTT: COMPANY SNAPSHOT        253

FIGURE 80            NKT A/S: COMPANY SNAPSHOT                257

FIGURE 81            SUMITOMO ELECTRIC INDUSTRIES LTD.: COMPANY SNAPSHOT   262

FIGURE 82            LS CABLE & SYSTEM LTD.: COMPANY SNAPSHOT          266