The submarine cable systems market size has grown rapidly in recent years. It will grow from $20.21 billion in 2024 to $22.54 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to global connectivity demand, international trade growth, telecommunication infrastructure development, energy transmission requirements, data center expansion.
The submarine cable systems market size is expected to see rapid growth in the next few years. It will grow to $36.91 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to emerging market connectivity, renewable energy integration, 5G network deployment, digitalization trends, telemedicine expansion. Major trends in the forecast period include focus on developing resilient and fault-tolerant cable systems, collaborations for cross-border submarine cable projects, rise of open cable system architectures, introduction of smart cable monitoring and maintenance systems, emergence of eco-friendly and sustainable submarine cable solutions.
The increasing number of telecom and internet subscriptions is playing a crucial role in the growth of the submarine cable system market. Submarine cable systems, which are installed on the seabed, facilitate the transmission of telecommunication signals using optical fiber technology. The rapid expansion of the telecom and internet subscription industries is largely due to the rising utility of smartphones compared to traditional desktop computers. For example, in October 2023, the GSM Association, a UK-based global industry organization, reported that monthly global mobile data usage per user rose from 8.4 GB in 2021 to 11.3 GB in 2022. Consequently, the surge in telecom and internet subscriptions is driving growth in the submarine cable system market.
The expansion of international trade is anticipated to boost the submarine cable systems market in the future. International trade involves the exchange of goods and services between countries, fostering global economic interdependence. Submarine cable systems play a critical role in facilitating smooth international trade communications and data exchanges worldwide. For instance, in July 2023, the Department for International Trade (DIT), a UK government department, reported that UK exports of goods and services reached $845.4 billion in the 12 months leading up to March 2023, marking a 24.4% increase in current prices compared to the previous year. Similarly, during this period, UK imports of goods and services amounted to $907.8 billion, a rise of 22.8% from the 12 months ending in March 2022. Therefore, the growth of international trade is a significant driver for the submarine cable systems market.
Strategic partnerships and the integration of advanced technologies are emerging as significant trends in the submarine cable system market. Companies within this industry are actively engaging in collaborations to innovate and develop new technologies and products. For example, in July 2023, AquaComms, an Ireland-based telecommunications firm, formed a partnership with Meta, Microsoft, and Vodafone. This collaboration successfully established the Amitié subsea cable system, which is notable for being the first to connect Boston directly to Europe and Bordeaux to North America. Stretching over 6,783 km, this high-capacity cable features 16 fiber pairs and supports 400 Tbps, constructed by Alcatel Submarine Networks. It has landing points in Lynn (Massachusetts), Widemouth Bay (England), and Le Porge (France). The Amitié cable system provides enhanced connectivity options among the U.S., UK, and France, including a direct link between Boston and London, along with a carrier-neutral data center in Bordeaux to improve reliability across multiple routes. Additionally, an innovative branching unit allows for flexible switching between different landings.
Major companies are dedicated to developing advanced undersea cable networks to expand international connectivity and gain a competitive edge. These networks, laid across ocean floors, facilitate high-speed data transmission for telecommunications and internet connectivity between continents. In October 2022, Ooredoo Tunisia, in partnership with PCCW Global, launched the PEACE Subsea Cable System, spanning 15,000 kilometers. This high-speed network aims to meet the surging demand for high-capacity, low-latency data connectivity in Tunisia.
In October 2023, Citaglobal, a technology and engineering company based in Malaysia, acquired a 30% stake in Ifactors Sdn Bhd for $5.544 million USD. This acquisition aims to enhance Citaglobal's position in the submarine cable systems market and to strengthen its capabilities in the renewable energy and telecommunications sectors. Ifactors Sdn Bhd is a Malaysian company specializing in submarine cable systems.
Major companies operating in the submarine cable systems market include Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Sumitomo Electric Industries Ltd., Fujitsu Limited, Saudi Ericsson Communications Company Ltd., NEC Corporation, Hengtong Group Co Ltd., TE Connectivity Ltd., Corning Incorporated, Prysmian SpA, Nexans S.A., Leoni Special Cables GmbH, NKT A/S, Apar Industries Ltd., Cablel Group Ltd., Tele-fonika Kable S.A., Hexatronic Cables & Interconnect Systems AB, SubCom LLC, The Okonite Company Inc., LS Cable & System Ltd., ZTT International Ltd., Alcatel Submarine Networks Company, JDR Cable Systems Ltd., Huawei Marine Networks Co Ltd, Xtera Communications Inc., Hesfibel SA, Norddeutsche Seekabelwerke GmbH, Amphenol Fiber Systems International, Elettra Communications Ltd., Kokusai Cable Ship Co Ltd., Global Marine Group Ltd., Orange S.A., PCCW Global Ltd., Aqua Comms Limited, Seaborn Networks LLC, Hawaiki Submarine Cable LP, Southern Cross Cable Network Ltd., MainOne Cable Company Limited, Angola Cables SA.
Asia-Pacific was the largest region in the submarine cable systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the submarine cable systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the submarine cable systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Submarine cables, present on the ocean bed, interconnect regions using conductors enclosed in an insulating sheath. They consist of landing terminating equipment, submarine optical fiber systems, enabling connectivity between regions.
Global submarine cable systems primarily comprise wet plant and dry plant products. Wet plant products encompass a range of items and services associated with managing and sustaining underwater facilities, data centers, and submarine networks. This includes multicore and single-core systems categorized by voltage classes such as high and medium voltage. These systems find applications in communication cables, power cables, and are utilized in offshore wind power generation, inter-country and island connections, as well as offshore oil and gas operations.
The submarine cable system market research report is one of a series of new reports that provides submarine cable system market statistics, including submarine cable system industry global market size, regional shares, competitors with a submarine cable system market share, detailed submarine cable system market segments, market trends, and opportunities, and any further data you may need to thrive in the submarine cable system industry. This submarine cable system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The submarine cable system market consists of sales of multicore fiber and single-core fiber. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The submarine cable systems market size is expected to see rapid growth in the next few years. It will grow to $36.91 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to emerging market connectivity, renewable energy integration, 5G network deployment, digitalization trends, telemedicine expansion. Major trends in the forecast period include focus on developing resilient and fault-tolerant cable systems, collaborations for cross-border submarine cable projects, rise of open cable system architectures, introduction of smart cable monitoring and maintenance systems, emergence of eco-friendly and sustainable submarine cable solutions.
The increasing number of telecom and internet subscriptions is playing a crucial role in the growth of the submarine cable system market. Submarine cable systems, which are installed on the seabed, facilitate the transmission of telecommunication signals using optical fiber technology. The rapid expansion of the telecom and internet subscription industries is largely due to the rising utility of smartphones compared to traditional desktop computers. For example, in October 2023, the GSM Association, a UK-based global industry organization, reported that monthly global mobile data usage per user rose from 8.4 GB in 2021 to 11.3 GB in 2022. Consequently, the surge in telecom and internet subscriptions is driving growth in the submarine cable system market.
The expansion of international trade is anticipated to boost the submarine cable systems market in the future. International trade involves the exchange of goods and services between countries, fostering global economic interdependence. Submarine cable systems play a critical role in facilitating smooth international trade communications and data exchanges worldwide. For instance, in July 2023, the Department for International Trade (DIT), a UK government department, reported that UK exports of goods and services reached $845.4 billion in the 12 months leading up to March 2023, marking a 24.4% increase in current prices compared to the previous year. Similarly, during this period, UK imports of goods and services amounted to $907.8 billion, a rise of 22.8% from the 12 months ending in March 2022. Therefore, the growth of international trade is a significant driver for the submarine cable systems market.
Strategic partnerships and the integration of advanced technologies are emerging as significant trends in the submarine cable system market. Companies within this industry are actively engaging in collaborations to innovate and develop new technologies and products. For example, in July 2023, AquaComms, an Ireland-based telecommunications firm, formed a partnership with Meta, Microsoft, and Vodafone. This collaboration successfully established the Amitié subsea cable system, which is notable for being the first to connect Boston directly to Europe and Bordeaux to North America. Stretching over 6,783 km, this high-capacity cable features 16 fiber pairs and supports 400 Tbps, constructed by Alcatel Submarine Networks. It has landing points in Lynn (Massachusetts), Widemouth Bay (England), and Le Porge (France). The Amitié cable system provides enhanced connectivity options among the U.S., UK, and France, including a direct link between Boston and London, along with a carrier-neutral data center in Bordeaux to improve reliability across multiple routes. Additionally, an innovative branching unit allows for flexible switching between different landings.
Major companies are dedicated to developing advanced undersea cable networks to expand international connectivity and gain a competitive edge. These networks, laid across ocean floors, facilitate high-speed data transmission for telecommunications and internet connectivity between continents. In October 2022, Ooredoo Tunisia, in partnership with PCCW Global, launched the PEACE Subsea Cable System, spanning 15,000 kilometers. This high-speed network aims to meet the surging demand for high-capacity, low-latency data connectivity in Tunisia.
In October 2023, Citaglobal, a technology and engineering company based in Malaysia, acquired a 30% stake in Ifactors Sdn Bhd for $5.544 million USD. This acquisition aims to enhance Citaglobal's position in the submarine cable systems market and to strengthen its capabilities in the renewable energy and telecommunications sectors. Ifactors Sdn Bhd is a Malaysian company specializing in submarine cable systems.
Major companies operating in the submarine cable systems market include Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Sumitomo Electric Industries Ltd., Fujitsu Limited, Saudi Ericsson Communications Company Ltd., NEC Corporation, Hengtong Group Co Ltd., TE Connectivity Ltd., Corning Incorporated, Prysmian SpA, Nexans S.A., Leoni Special Cables GmbH, NKT A/S, Apar Industries Ltd., Cablel Group Ltd., Tele-fonika Kable S.A., Hexatronic Cables & Interconnect Systems AB, SubCom LLC, The Okonite Company Inc., LS Cable & System Ltd., ZTT International Ltd., Alcatel Submarine Networks Company, JDR Cable Systems Ltd., Huawei Marine Networks Co Ltd, Xtera Communications Inc., Hesfibel SA, Norddeutsche Seekabelwerke GmbH, Amphenol Fiber Systems International, Elettra Communications Ltd., Kokusai Cable Ship Co Ltd., Global Marine Group Ltd., Orange S.A., PCCW Global Ltd., Aqua Comms Limited, Seaborn Networks LLC, Hawaiki Submarine Cable LP, Southern Cross Cable Network Ltd., MainOne Cable Company Limited, Angola Cables SA.
Asia-Pacific was the largest region in the submarine cable systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the submarine cable systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the submarine cable systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Submarine cables, present on the ocean bed, interconnect regions using conductors enclosed in an insulating sheath. They consist of landing terminating equipment, submarine optical fiber systems, enabling connectivity between regions.
Global submarine cable systems primarily comprise wet plant and dry plant products. Wet plant products encompass a range of items and services associated with managing and sustaining underwater facilities, data centers, and submarine networks. This includes multicore and single-core systems categorized by voltage classes such as high and medium voltage. These systems find applications in communication cables, power cables, and are utilized in offshore wind power generation, inter-country and island connections, as well as offshore oil and gas operations.
The submarine cable system market research report is one of a series of new reports that provides submarine cable system market statistics, including submarine cable system industry global market size, regional shares, competitors with a submarine cable system market share, detailed submarine cable system market segments, market trends, and opportunities, and any further data you may need to thrive in the submarine cable system industry. This submarine cable system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The submarine cable system market consists of sales of multicore fiber and single-core fiber. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Submarine cable systems Market Characteristics3. Submarine cable systems Market Trends and Strategies4. Submarine cable systems Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Submarine cable systems Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Submarine cable systems Market34. Recent Developments in the Submarine cable systems Market
5. Global Submarine cable systems Growth Analysis and Strategic Analysis Framework
6. Submarine cable systems Market Segmentation
7. Submarine cable systems Market Regional and Country Analysis
8. Asia-Pacific Submarine cable systems Market
9. China Submarine cable systems Market
10. India Submarine cable systems Market
11. Japan Submarine cable systems Market
12. Australia Submarine cable systems Market
13. Indonesia Submarine cable systems Market
14. South Korea Submarine cable systems Market
15. Western Europe Submarine cable systems Market
16. UK Submarine cable systems Market
17. Germany Submarine cable systems Market
18. France Submarine cable systems Market
19. Italy Submarine cable systems Market
20. Spain Submarine cable systems Market
21. Eastern Europe Submarine cable systems Market
22. Russia Submarine cable systems Market
23. North America Submarine cable systems Market
24. USA Submarine cable systems Market
25. Canada Submarine cable systems Market
26. South America Submarine cable systems Market
27. Brazil Submarine cable systems Market
28. Middle East Submarine cable systems Market
29. Africa Submarine cable systems Market
30. Submarine cable systems Market Competitive Landscape and Company Profiles
31. Submarine cable systems Market Other Major and Innovative Companies
35. Submarine cable systems Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Submarine cable systems Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on submarine cable systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for submarine cable systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The submarine cable systems market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Wet Plant Products; Dry Plant Products2) By Type: Multicore; Single Core
3) By Voltage: High Voltage; Medium Voltage
4) By Application: Communication Cables; Power Cables
5) By End User: Offshore Wind Power Generation; Inter-Country and Island Connection; Offshore Oil and Gas
Subsegments:
1) By Wet Plant Products: Submarine Cables; Repeaters; Cable Joints2) By Dry Plant Products: Cable Landing Stations; Terminal Equipment; Power Feed Equipment
Key Companies Mentioned: Amazon.com Inc.; Alphabet Inc.; Microsoft Corporation; Sumitomo Electric Industries Ltd.; Fujitsu Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Amazon.com Inc.
- Alphabet Inc.
- Microsoft Corporation
- Sumitomo Electric Industries Ltd.
- Fujitsu Limited
- Saudi Ericsson Communications Company Ltd.
- NEC Corporation
- Hengtong Group Co Ltd.
- TE Connectivity Ltd.
- Corning Incorporated
- Prysmian SpA
- Nexans S.A.
- Leoni Special Cables GmbH
- NKT A/S
- Apar Industries Ltd.
- Cablel Group Ltd.
- Tele-fonika Kable S.A.
- Hexatronic Cables & Interconnect Systems AB
- SubCom LLC
- The Okonite Company Inc.
- LS Cable & System Ltd.
- ZTT International Ltd.
- Alcatel Submarine Networks Company
- JDR Cable Systems Ltd.
- Huawei Marine Networks Co Ltd
- Xtera Communications Inc.
- Hesfibel SA
- Norddeutsche Seekabelwerke GmbH
- Amphenol Fiber Systems International
- Elettra Communications Ltd.
- Kokusai Cable Ship Co Ltd.
- Global Marine Group Ltd.
- Orange S.A.
- PCCW Global Ltd.
- Aqua Comms Limited
- Seaborn Networks LLC
- Hawaiki Submarine Cable LP
- Southern Cross Cable Network Ltd.
- MainOne Cable Company Limited
- Angola Cables SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 22.54 Billion |
| Forecasted Market Value ( USD | $ 36.91 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 40 |
