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

APAC submarine cable systems market is expected to grow from US$ 5,612.6 Mn in 2017 to US$ 14,719.3 Mn by 2027 at a CAGR of 9.8% between 2018 and 2027.

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 report focuses on an in-depth segmentation of the submarine cable systems market based on service and application. The submarine cable systems market has been further segmented on the basis of countries into China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Hong Kong, and Rest of APAC. The report aims to provide an overview of the APAC submarine cable systems market with detailed market segmentation. Also, it analyzes the current market scenario of submarine cable systems market and forecasts the market till 2027 in the APAC region. The report covers market dynamics affecting the APAC submarine cable systems market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the APAC submarine cable systems market with respect to all countries in the region. The report also includes the detailed company profiles of the key players in the submarine cable systems market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

Various significant developments have been witnessed with regards to the deployments of the submarine cable systems in the Asia Pacific region. By 2020, the bandwidth demand for the trans-pacific undersea cables network is anticipated to grow to seven-folds of the current bandwidth value, and thereby attract huge investments for the market. Also, with growing demands for increased capacity of the submarine cable systems in the Asian region, a sharp decline in the prices are witnessed over the last two-three years. The lower incremental cost of supplies is one major factor resulting in the price declines of the undersea cables deployment. Asia Pacific region is considered to be one of the important communications hubs across the globe and therefore efficient communication cabling infrastructure for empowering seamless information exchange across the data centers is one of the most crucial aspects for the region.

The APAC submarine cable systems market is further characterized by increasing bandwidth capacities of the undersea fiber optic cables. The Asia Pacific region is said to constitute one of the most expansive undersea cable networks that have 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 for the submarine cable systems would reach new heights in the coming years. Some of the key players operating in the submarine cable systems market include Huawei Marine Networks Co., Limited, SubCom, LLC, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong Group Co., Ltd., Sumitomo Electric Industries, Ltd., Nexans SA, Prysmian Group, and Mitsubishi Electric Corporation among others.

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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