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Radiant Insights, an international market research institution, recently released a report that the compound annual growth rate of the global submarine communication cable market will reach 6.
12% from 2019 to 2024, and the increase in demand for large-capacity, high-speed connections is the main reason for the stable growth of
the market.
World Submarine Communication Cable Map 2019 Edition
The report segments the submarine communication cable market into regional markets such as North America, Asia-Pacific, Europe, Middle East & Africa, and South America, with Asia-Pacific set to be the regional market
with the largest demand during the forecast period.
The report also pointed out that the high cost and high technical requirements of submarine communication cables are also factors
that cannot be ignored to limit the development of this market.
From the perspective of submarine communication cable manufacturers, Prysman (including the acquired general cable), Nexans, Sumitomo Electric, Furukawa Electric, LS Cable, and Actor Cable will become the world's leading manufacturers
.
From the perspective of the regional market, Hengtong Optoelectronics and Zhongtian Technology will also become important submarine communication cable manufacturers in the region, and are actively joining the international competition
.
From the perspective of submarine communication cable laying, Japan's NEC, Nokia Alcatel submarine network and TE SubCom, a subsidiary of TE Electronics, dominate the global submarine communication cable laying market, and Huawei's marine market share is less than 10%.
Among them, Nokia is seeking new buyers for Alcatel submarine networks, and Huawei is also in contact with Hengtong Optoelectronics and other companies to try to divest Huawei Ocean
.
From the current market perspective, TeleGeography, which is responsible for the 2019 edition of the world's submarine communication cable map, said that between 2016 and 2020, a total of 107 submarine cable systems were deployed around the world, with a total length of more than 400,000 kilometers and a total value of more than 13.
8 billion US dollars.
Radiant Insights, an international market research institution, recently released a report that the compound annual growth rate of the global submarine communication cable market will reach 6.
12% from 2019 to 2024, and the increase in demand for large-capacity, high-speed connections is the main reason for the stable growth of
the market.
World Submarine Communication Cable Map 2019 Edition
The report segments the submarine communication cable market into regional markets such as North America, Asia-Pacific, Europe, Middle East & Africa, and South America, with Asia-Pacific set to be the regional market
with the largest demand during the forecast period.
The report also pointed out that the high cost and high technical requirements of submarine communication cables are also factors
that cannot be ignored to limit the development of this market.
From the perspective of submarine communication cable manufacturers, Prysman (including the acquired general cable), Nexans, Sumitomo Electric, Furukawa Electric, LS Cable, and Actor Cable will become the world's leading manufacturers
.
From the perspective of the regional market, Hengtong Optoelectronics and Zhongtian Technology will also become important submarine communication cable manufacturers in the region, and are actively joining the international competition
.
From the perspective of submarine communication cable laying, Japan's NEC, Nokia Alcatel submarine network and TE SubCom, a subsidiary of TE Electronics, dominate the global submarine communication cable laying market, and Huawei's marine market share is less than 10%.
Among them, Nokia is seeking new buyers for Alcatel submarine networks, and Huawei is also in contact with Hengtong Optoelectronics and other companies to try to divest Huawei Ocean
.
From the current market perspective, TeleGeography, which is responsible for the 2019 edition of the world's submarine communication cable map, said that between 2016 and 2020, a total of 107 submarine cable systems were deployed around the world, with a total length of more than 400,000 kilometers and a total value of more than 13.
8 billion US dollars.
