The global submarine optical fibre cable market is anticipated to grow at a significant CAGR during the forecast period. A submarine optical fibre cable is a telecommunications cable that runs beneath the water, on the seabed, or between two land-based telecommunications facilities. These cables are utilised to convey telegraphy traffic in the early stages of development. However, as technology advances, the next generation of these cables will transmit voice and data communication traffic. Optical fibre technology is now used in cables to convey digital data, such as the internet, private data traffic, and telephones. Except for Antarctica, submarine optical fibre lines may connect all continents.
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More demand for internet bandwidth, growing cable deployment in the oil and gas industry, increased fibre connectivity in emerging regions such as Africa and Asia, and rising smartphone penetration are all driving the market forward. The number of private project developers has increased, resulting in a significant increase in the length of optical cables being constructed. Unserviced routes and high demand for capacity have resulted in the confirmation of massive potential transatlantic and transpacific transactions.
As the use of the internet grows, so does the desire for fast bandwidth speeds, which drives the demand for underwater fibre optic cable infrastructure. Today, more than 40% of the world’s population uses the internet regularly. Over the previous 15 years, the number of internet users has increased ten times. Cables are used as the principal sensing element for measurement and component processing using optoelectronic devices. The use of such a system enables the detection of acoustic frequency strain signals across long distances and in difficult environments, making it suitable for monitoring undersea optical fibre cable networks.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the Word
- Competitive Landscape: Alcatel-Lucent Submarine Networks SAS, Ciena Corp., Fujitsu Ltd., Huawei Marine Networks Co., Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Submarine Optical Fibre Cable Market by Segments
By Product Type
- Single Deck Armour
- Double Deck Armour
By Application
- Shallow Sea
- Deep-Sea
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