Undersea Cabling Market Size to Exceed $13 Billion by 2029 | Growth and Industry Trends
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#How Has the Undersea Cabling Market Grown from 2024 to 2025?#_x000D_
The market for undersea cabling has experienced swift expansion in the past few years. The market is projected to increase from $20.89 billion in 2024 to $23.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.8%. The positive trend during the historical period has been driven by factors such as the increasing global internet needs, telecommunications growth, connection needs of data centers, international trade and commerce, and international trade routes._x000D_
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#What Growth Rate Is Anticipated for the Undersea Cabling Market in the Coming Years?#_x000D_
The market size for undersea cabling is predicted to expand swiftly in the coming years. The forecast is for a surge to $38.42 billion by 2029, with a compound annual growth rate (CAGR) of 13.0%. Key drivers for this growth period include the rollout of 5G networks, renewable energy initiatives, advancements in submarine fiber optics, the rise of remote work and telemedicine, resilience to climate change. Furthermore, the upcoming trends for this period are improved cable capacity, extended diverse routes, global internet exchange points, 5G connectivity, and combined fiber optic and power cables._x000D_
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Major companies operating in the undersea cabling market include Tyco Electronics Ltd., NEC Group, Nippon Telegraph and Telephone Corporation, Huawei Technologies Co. Ltd., Infinera Corporation, Fujitsu Limited, Nexans S.A., NKT A/S, Prysmian Group, Corning Incorporated, Hexatronic Group AB, Jiangsu Zhongtian Technology Co. Ltd., LS Cable & System Ltd., SubCom LLC, Alcatel Submarine Networks Inc., TE SubCom LLC, Xtera Communications Inc., Hengtong Group Co. Ltd., Huawei Marine Networks Co. Ltd., Ciena Corporation, Optical Cable Corporation (OCC), Global Marine Group, Sumitomo Electric Industries Ltd., RTI Connectivity Pte. Ltd., Aqua Comms Limited, Hawaiki Submarine Cable LP, Seaborn Networks Inc., Southern Cross Cable Network, Vocus Group Limited, PCCW Global Ltd., MainOne Cable Company, Angola Cables S.A., Seacom Limited, Telxius Telecom S.A._x000D_
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The undersea cabling market is propelled by a rise in the need for inter-country and island linkages. Improved international connectivity has led to fixed broadband penetration being among the best in the region, with a high number of consumers using FTTP-based services. To illustrate, the Washington State Department of Transportation, a US-government agency, reported in January 2024 a more than 1.3 million hike in riders for Washington State Ferries in 2023 compared to 2022, equating to an annual ridership increase of 7.4%, hitting close to 18.7 million. This spike underlines a considerable year-over-year resurgence in ferry usage. Consequently, the escalating need for inter-country and island linkages is anticipated to stimulate the undersea cabling market during the projection period._x000D_
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The undersea cabling market covered in this report is segmented –_x000D_
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1) By Component: Wet Plant Products, Dry Plant Products_x000D_
2) By Voltage: Medium Voltage, High Voltage_x000D_
3) By Type: Singlecore, Multicore_x000D_
4) By Application: Communication Cables, Power Cables_x000D_
5) By End-User: Offshore Wind Power Generation, Inter-Country And Island Connection, Offshore Oil And Gas_x000D_
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Subsegments:_x000D_
1) By Wet Plant Products: Submarine Fiber Optic Cables, Repeaters, Cable Accessories, Cable Landing Stations_x000D_
2) By Dry Plant Products: Optical Amplifiers, Terminal Equipment, Power Feed Equipment, Network Management Systems_x000D_
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The undersea cabling market is being revolutionized by improved connectivity speeds due to 5G in undersea cabling solutions. For example, in February 2022, telecommunications giants Bharati Airtel and Reliance Jio decided to invest in advancements in submarine cable systems in order to enhance the low-latency of upcoming 5G networks, anticipated to launch in the following fiscal year. Bharti Airtel aligned itself with the SEA-ME-WE-6 undersea cable consortium to increase its network’s high-speed capacity, thereby boosting India’s digital economy growth. Additionally, Reliance Jio’s IAX network cable system facilitates direct connections between the Maldives, India, and Singapore._x000D_
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North America was the largest region in the undersea cabling market share in 2024. The Asia-Pacific was the second-largest market in the undersea cabling market. The regions covered in the undersea cabling market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the undersea cabling market, and how is it changing globally?_x000D_
2. Who are the major companies in the undersea cabling market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the undersea cabling market right now?_x000D_
4. Which products or customer segments are growing the most in the undersea cabling market?_x000D_
5. What factors are helping or slowing down the growth of the undersea cabling market?_x000D_
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