echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > From 2019 to 2024, the annual compound growth rate of global submarine communication cables is 6.12%

    From 2019 to 2024, the annual compound growth rate of global submarine communication cables is 6.12%

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Radiant Insights, an international market research institution, recently released a report that the compound annual growth rate of the global submarine communication cable market will reach 6.
    12% from 2019 to 2024, and the increase in demand for large-capacity, high-speed connections is the main reason for the stable growth of
    the market.

    World Submarine Communication Cable Map 2019 Edition

    The report segments the submarine communication cable market into regional markets such as North America, Asia-Pacific, Europe, Middle East & Africa, and South America, with Asia-Pacific set to be the regional market
    with the largest demand during the forecast period.

    The report also pointed out that the high cost and high technical requirements of submarine communication cables are also factors
    that cannot be ignored to limit the development of this market.

    From the perspective of submarine communication cable manufacturers, Prysman (including the acquired general cable), Nexans, Sumitomo Electric, Furukawa Electric, LS Cable, and Actor Cable will become the world's leading manufacturers
    .
    From the perspective of the regional market, Hengtong Optoelectronics and Zhongtian Technology will also become important submarine communication cable manufacturers in the region, and are actively joining the international competition
    .

    From the perspective of submarine communication cable laying, Japan's NEC, Nokia Alcatel submarine network and TE SubCom, a subsidiary of TE Electronics, dominate the global submarine communication cable laying market, and Huawei's marine market share is less than 10%.

    Among them, Nokia is seeking new buyers for Alcatel submarine networks, and Huawei is also in contact with Hengtong Optoelectronics and other companies to try to divest Huawei Ocean
    .

    From the current market perspective, TeleGeography, which is responsible for the 2019 edition of the world's submarine communication cable map, said that between 2016 and 2020, a total of 107 submarine cable systems were deployed around the world, with a total length of more than 400,000 kilometers and a total value of more than 13.
    8 billion US dollars.

    Radiant Insights, an international market research institution, recently released a report that the compound annual growth rate of the global submarine communication cable market will reach 6.
    12% from 2019 to 2024, and the increase in demand for large-capacity, high-speed connections is the main reason for the stable growth of
    the market.

    Submarine communication cables

    World Submarine Communication Cable Map 2019 Edition

    The report segments the submarine communication cable market into regional markets such as North America, Asia-Pacific, Europe, Middle East & Africa, and South America, with Asia-Pacific set to be the regional market
    with the largest demand during the forecast period.

    The report also pointed out that the high cost and high technical requirements of submarine communication cables are also factors
    that cannot be ignored to limit the development of this market.

    From the perspective of submarine communication cable manufacturers, Prysman (including the acquired general cable), Nexans, Sumitomo Electric, Furukawa Electric, LS Cable, and Actor Cable will become the world's leading manufacturers
    .
    From the perspective of the regional market, Hengtong Optoelectronics and Zhongtian Technology will also become important submarine communication cable manufacturers in the region, and are actively joining the international competition
    .

    From the perspective of submarine communication cable laying, Japan's NEC, Nokia Alcatel submarine network and TE SubCom, a subsidiary of TE Electronics, dominate the global submarine communication cable laying market, and Huawei's marine market share is less than 10%.

    Among them, Nokia is seeking new buyers for Alcatel submarine networks, and Huawei is also in contact with Hengtong Optoelectronics and other companies to try to divest Huawei Ocean
    .

    From the current market perspective, TeleGeography, which is responsible for the 2019 edition of the world's submarine communication cable map, said that between 2016 and 2020, a total of 107 submarine cable systems were deployed around the world, with a total length of more than 400,000 kilometers and a total value of more than 13.
    8 billion US dollars.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.