Submarine Cable System Market to Reach US $7.2 Billion at CAGR of 6.6% by 2027 | The Insight Partners

Submarine Cable System Market to 2027 - Asia Pacific Analysis and Forecasts by Service (Installation services and Maintenance & Upgrade services); and Application (Communication and Energy & Power)

Publication Month: Jan 2019 | Report Code: TIPRE00002779 | No. of Pages: 98 | Category: Electronics and Semiconductor | Status: Published

Submarine cable systems market in Asia Pacific is estimated to grow from US$ 5.6 Bn in 2017 to reach US$ 14.7 Bn by the end of 2027. This represents a CAGR of 9.8% during the forecast period from 2018 – 2027.

The focus on the development of submarine cable systems has grown from strength to strength in the last decade. There have been few notable factors that have resulted in significant growth of submarine cable systems market in recent times. The international bandwidth has grown at an average of close to 40% year on year from 2012 to 2016, which has boosted the penetration of various international players in the Asia Pacific region which has reflected the growth of submarine cable systems market. The internet, as well as the voice operators, have witnessed impressive growth in the traffic. Also, various content, as well as cloud service providers, have had a remarkable impact on data traffic growth. Amazon, Google, Apple, Facebook, and Microsoft are the significant contributors to this increased data traffics. These content and the cloud service providers use the international submarine cable infrastructures for distributing their contents through the servers located in the data centers, closer to the end-user, thereby enhancing their internet experience. Interconnecting these data centers require the usage of submarine cable systems. The increase in the usage of underwater cables by these content and cloud service providers have allowed the submarine cable systems market to propel year on year in the Asia Pacific region. In addition, the establishment of well-established players as well as emerging players in the region offering submarine cable systems is facilitating the submarine cable systems market to witness upswing in the recent scenarios.

Asia Pacific region comprises of majority of developing economies and also a huge underserved population for internet services. This presents fortunate opportunities for leading social media players and internet based service providers to reap benefits of the untapped market. With proliferation of cheap smart phone and tablets and increasing penetration of computing devices in business and households, the region presents highest growing user base seeking internet based services. Thus, strong growth of internet connected users coupled with good economic growth in the region are the factors luring the enterprise and cloud service providers to establish servers in proximity to the users enabling them to access data with reduced latency and reaction time. This directly translates to the growth in the submarine cable systems market in the region that bring about the connection between the terrestrial fiber cables with the international broadband networks. The Asia pacific region is said to constitute one of the most expansive undersea cable networks that has played a crucial role in the transformation of this region. Further, with the multi-folds rise in demands of increased trans-pacific bandwidth by 2020, it is anticipated that investments in submarine cable systems market would reach new heights in the coming years. Asia Pacific contributes heavily to the data consumption. Higher rates of smartphone penetrations in the Asian countries especially India and China coupled with the parallel advancements in the 3G and 4G communication technologies have significantly contributed to the communications industry advancements in the region. This factor has bolstered the growth of submarine cable systems market in Asia Pacific region.

Hong Kong is said to be located directly at the center of the Asia-pacific region which increases its importance in the submarine cable system market. The liberalization of the external-facilities based telecommunications market by the Office of Communications Authority (OFCA) in Hong Kong has led to the country adopting an open licensing regime. As a result, many submarine cable systems find Hong Kong to be an important landing site. Presently, there are close to 15 major submarine cable systems in the country that have driven the telecommunications market in the country. Pertaining to the importance of its geographic location, Hong Kong constitutes the largest share in submarine cable systems market in the Asia Pacific region in 2017.


Exhibit: South Korea Submarine Cable Systems Market Revenue and Forecasts to 2027 (US$ Bn)

 

ASIA PACIFIC SUBMARINE CABLE SYSTEMS – MARKET SEGMENTATION

By Service

  • Installation
  • Maintenance

By Application

  • Communication
  • Energy & Power

By Country

  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Hong Kong
  • Rest of Asia Pacific

Companies Mentioned

  • Huawei Marine Networks Co., Ltd.
  • Subcom, LLC
  • NEC Corporation
  • Fujitsu Limited
  • Nokia Corporation
  • Hengtong Group Co. Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Nexans SA
  • Prysmian Group
  • Mitsubishi Electric Company

 

TABLE OF CONTENTS

1. INTRODUCTION 10
1.1 SCOPE OF THE STUDY 10
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 10

2. KEY TAKEAWAYS 12

3. SUBMARINE CABLE SYSTEMS MARKET LANDSCAPE 14
3.1 MARKET OVERVIEW 14
3.2 MARKET SEGMENTATION 15
3.2.1 Asia Pacific Submarine cable systems Market – By Service 15
3.2.2 Asia Pacific Submarine cable systems Market – By Application 15
3.2.3 Asia Pacific Submarine cable systems Market – By Country 16
3.3 PEST ANALYSIS 17
3.3.1 Asia Pacific PEST Analysis 17

4. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET –  KEY INDUSTRY DYNAMICS 19
4.1 KEY MARKET DRIVERS 19
4.1.1 An advancing global economy revolving around the internet as its backbone 19
4.1.2 Increasing bandwidth demands from the cloud and content service providers 19
4.1.3 Burgeoning optical fiber demands in growing economies such as China, India 20
4.2 KEY MARKET RESTRAINTS 21
4.2.1 High Initial Investments and susceptible to climatic conditions 21
4.3 KEY MARKET OPPORUNITIES 21
4.3.1 Large number of ongoing projects for submarine cables 21
4.4 FUTURE TRENDS 21
4.4.1 Content and cloud service providers to govern the market 21
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 22

5. SUBMARINE CABLE SYSTEM MARKET – ASIA PACIFIC ANALYSIS 23
5.1 OVERVIEW 23
5.1.1 Asia Pacific Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 24

6. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027– SERVICE 26
6.1 OVERVIEW 26
6.2 ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 26
6.3 INSTALLATION SERVICES MARKET 27
6.3.1 Overview 27
6.3.2 Installation Services Market Forecasts and Analysis 28
6.4 MAINTENANCE & UPGRADE SERVICES MARKET 29
6.4.1 Overview 29
6.4.2 Maintenance & Upgrade Services Market Forecasts and Analysis 29

7. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 – APPLICATION 30
7.1 OVERVIEW 30
7.2 ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY APPLICATION, 2017 & 2027 30
7.3 COMMUNICATION MARKET 31
7.3.1 Overview 31
7.3.2 Communication Market Forecasts and Analysis 31
7.4 ENERGY & POWER MARKET 32
7.4.1 Overview 32
7.4.2 Energy & Power Market Forecasts and Analysis 32

8. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 – COUNTRY 33
8.1.1 Asia Pacific Submarine Cable System Market Breakdown by Key Countries 33
8.1.1.1 Australia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 34
8.1.1.2 China Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 37
8.1.1.3 India Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 38
8.1.1.4 Japan Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 43
8.1.1.5 Indonesia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 44
8.1.1.6 South Korea Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 45
8.1.1.7 Malaysia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 46
8.1.1.8 Singapore Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 47
8.1.1.9 Hong Kong Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 48
8.1.1.10 Rest of APAC Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 49

9. INDUSTRY LANDSCAPE 50
9.1 MARKET INITIATIVE 50
9.2 NEW DEVELOPMENT 53

10. COMPETITIVE LANDSCAPE 54
10.1 COMPETITIVE PRODUCT MAPPING 54
10.2 MARKET POSITIONING –TOP 5 PLAYERS 55

11. ASIA PACIFIC SUBMARINE CABLE SYSTEMS – COMPANY PROFILES 56
11.1 HUAWEI MARINE NETWORKS CO., LIMITED 56
11.1.1 Key Facts 56
11.1.2 Business Description 56
11.1.3 Financial Overview 57
11.1.4 SWOT Analysis 57
11.1.5 Key Developments 59
11.2 SUBCOM, LLC 60
11.2.1 Key Facts 60
11.2.2 Business Description 60
11.2.3 Financial Overview 60
11.2.4 SWOT Analysis 61
11.2.5 Key Developments 62
11.3 NEC CORPORATION 63
11.3.1 Key Facts 63
11.3.2 Business Description 63
11.3.3 Financial Overview 64
11.3.4 SWOT Analysis 64
11.3.5 Key Developments 66
11.4 FUJITSU LIMITED 67
11.4.1 Key Facts 67
11.4.2 Business Description 67
11.4.3 Financial Overview 68
11.4.4 SWOT Analysis 68
11.4.5 Key Developments 70
11.5 NOKIA CORPORATION 71
11.5.1 Key Facts 71
11.5.2 Business Description 71
11.5.3 Financial Overview 72
11.5.4 SWOT Analysis 72
11.5.5 Key Developments 74
11.6 HENGTONG GROUP CO., LTD. 75
11.6.1 Key Facts 75
11.6.2 Business Description 75
11.6.3 Financial Overview 75
11.6.4 SWOT Analysis 76
11.6.5 Key Developments 77
11.7 SUMITOMO ELECTRIC INDUSTRIES, LTD. 78
11.7.1 Key Facts 78
11.7.2 Business Description 78
11.7.3 Financial Overview 79
11.7.4 SWOT Analysis 79
11.7.5 Key Developments 81
11.8 NEXANS SA 82
11.8.1 Key Facts 82
11.8.2 Business Description 82
11.8.3 Financial Overview 83
11.8.4 SWOT Analysis 83
11.8.5 Key Developments 85
11.9 PRYSMIAN GROUP 86
11.9.1 Key Facts 86
11.9.2 Business Description 86
11.9.3 Financial Overview 87
11.9.4 SWOT Analysis 87
11.9.5 Key Developments 89
11.10 MITSUBISHI ELECTRIC CORPORATION 90
11.10.1 Key Facts 90
11.10.2 Business Description 90
11.10.3 Financial Overview 91
11.10.4 SWOT Analysis 91
11.10.5 Key Developments 92

12. APPENDIX 94
12.1 ABOUT THE INSIGHT PARTNERS 94
12.2 GLOSSARY OF TERMS 95
12.3 METHODOLOGY 96
12.3.1 Coverage 96
12.3.2 Secondary Research 96
12.3.3 Primary Research 97

LIST OF TABLES

TABLE 1. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 25
TABLE 2. GLOSSARY OF TERM: SUBMARINE CABLE SYSTEMS MARKET 95

LIST OF FIGURES

FIGURE 1. SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, REVENUE (%), 2017 12
FIGURE 2. SUBMARINE CABLE SYSTEMS MARKET, MAINTENANCE & UPGRADE SERVICES ($MN), 2017 & 2027 13
FIGURE 3. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET SEGMENTATION 15
FIGURE 4. ASIA PACIFIC – PEST ANALYSIS 17
FIGURE 5. SUBMARINE CABLE SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 22
FIGURE 6. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 24
FIGURE 7. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 (%) 26
FIGURE 8. ASIA PACIFIC INSTALLATION SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 28
FIGURE 9. ASIA PACIFIC MAINTENANCE & UPGRADE SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 29
FIGURE 10. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY APPLICATION, 2017 & 2027 (%) 30
FIGURE 11. ASIA PACIFIC COMMUNICATION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 31
FIGURE 12. ASIA PACIFIC ENERGY & POWER MARKET REVENUE AND FORECASTS TO 2027(US$ MN) 32
FIGURE 13. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027 (%) 33
FIGURE 14. AUSTRALIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 34
FIGURE 15. CHINA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 37
FIGURE 16. INDIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 38
FIGURE 17. JAPAN SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 43
FIGURE 18. INDONESIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 44
FIGURE 19. SOUTH KOREA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 45
FIGURE 20. MALAYSIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 46
FIGURE 21. SINGAPORE SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 47
FIGURE 22. HONG KONG SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 48
FIGURE 23. REST OF APAC SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 49

The List of Companies

1. Huawei Marine Networks Co., Limited
2. Subcom, LLC
3. NEC Corporation
4. Fujitsu Limited
5. Nokia Corporation
6. Hengtong Group Co., Ltd.
7. Sumitomo Electric Industries, Ltd.
8. Nexans SA
9. Prysmian Group
10. Mitsubishi Electric Corporation
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific submarine cable systems market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering in the markets.
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like service and application.
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