A new market study, titled “Discover Global Submarine Optical Fiber Cable Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
As per latest reports, the submarine optical fiber cable market is expected to grow at a moderate CAGR during the forecast period. In the past few years, the usage of data has significantly gone up and the same is expected to double in the coming years. The rise in usage of data is due to an increase in the number of mobile users, an increase in the use of networking sites and a shift in cloud-based services. All of these factors collectively along with the growing exchange of technology and information between different nations are expected to drive the submarine optical fiber cable market during the forecast period.
A submarine optical fiber cable, alternatively known as a submarine communication cable, is an assembly like an electrical cable that carries one or more than one optical fibers that are used to carry light. The optical fiber elements of the submarine optical fiber cable are normally individually coated with layers of plastic and kept inside a protective tube that is appropriate for the environment where the cables are deployed. A submarine optical fiber cable is laid on the sea floor in between stations that are present on the land and used for telecommunication between countries, i.e. to carry digital data like the internet, private data traffic and telephones.
The submarine optical fiber cable market is expected to be on the rise during the forecast period, driven by factors like the increasing volume of data traffic, the resultant demand for fiber broadband and the parallel need for deploying fiber optic cables. The other factors set to positively drive the submarine optical fiber cable market are the emergence of new market players, coming even from non-telecommunication industry quarters. Also, there is still a prevalent lack of communication channels in over 15 countries, which is one of the driving factors for new opputunities in the submarine optical fiber cable market.
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Key Players of Global Submarine Optical Fiber Cable Market =>
- General Cable
- Aksh Optifiber
- Finolex Cables
On the basis of product,the submarine optical fiber cable market is segmented as single deck armour and double deck armour.
On the basis of application, the submarine optical fiber cable market is segmented as shallow sea and deep sea.
On the basis of region, the submarine optical fiber cable market is broadly segmented as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
The North American segment is further segmented as the USA, Canada and Mexico.
The European segment is further segmented as UK, France, Russia, Italy and Germany.
The Asia Pacific segment is further segmented as China, Japan, Korea, India and Southeast Asia.
The Latin American segment is further segmented as Brazil, Argentina, Columbia, etc.
The Middle Eastern and African segment is further segmented as Saudi Arabia, UAE, Egypt, Nigeria and South Africa.
Currently, North America is dominating the submarine optical fiber cable market due to demand for improved technologies and growing importance of information channel links.
The Asia Pacific region is expected to witness a significant growth in the submarine optical fiber cable market, and new opportunities are expected to crop up for the same in Middle East and Africa segment.
One of the leading market players in the submarine optical fiber cable market, Nexans, is set to contribute to France’s energy transition by connecting Saint Brieuc offshore wind form by way of submarine optical fiber cable.
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