세계의 해저 케이블 시스템 시장 예측(-2032년) : 유형별, 소유 유형별, 케이블 유형별, 전압별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Submarine Cable Systems Market is accounted for $20.2 billion in 2025 and is expected to reach $42.8 billion by 2032 growing at a CAGR of 11.3% during the forecast period. Submarine cable systems are networks of fiber-optic cables laid on the ocean floor, connecting land-based telecommunication hubs across continents. These cables transmit vast amounts of data, including internet, telephone, and television signals, facilitating global communication. The cables are designed to withstand harsh underwater conditions, such as pressure, temperature variations, and potential damage from marine life or human activity. Submarine cable systems are essential for the functioning of the global digital economy, offering high-speed, reliable, and cost-effective data transmission. They also play a crucial role in connecting remote regions and supporting international trade and information exchange.

According to International Telecommunication Union, a specialized agency of the United Nations, the number of internet users worldwide reached around 4.9 Million in 2021, up from 4.6 Million in 2020.

Market Dynamics:

Driver:

Increasing inter-country and island connections

The increasing demand for high-speed internet, data transfer, and global communication is a key driver of the growth in inter-country and island connections in submarine cable systems. As nations and islands seek improved connectivity for economic development, digital transformation, and remote work, these cables provide essential infrastructure. The rise in cloud computing, data centers, and e-commerce further fuels the need for robust, reliable networks. Additionally, the ongoing push for regional connectivity and disaster resilience accelerates investments in submarine cable projects across remote locations.

Restraint:

Risk of cable damage and security concerns

The risk of cable damage and security concerns pose significant challenges to market. Natural disasters, underwater seismic activity, and human activities like fishing or anchoring can cause physical damage to cables, disrupting global communication. Additionally, security threats such as cyberattacks or sabotage targeting undersea infrastructure can compromise data integrity and confidentiality. These risks lead to costly repairs, downtime, and vulnerabilities in the global network, affecting businesses, governments, and consumers who rely on uninterrupted and secure data transmission.

Opportunity:

Growth of cloud computing and data centers

The growth of cloud computing and data centers is a significant driver in the expansion of submarine cable systems. As businesses increasingly migrate to cloud-based services, the demand for high-speed, low-latency connectivity intensifies. Submarine cables are essential for interconnecting global data centers, facilitating seamless data transfer across continents. Tech giants like Amazon, Google, and Microsoft are heavily investing in undersea cable infrastructure to support their expansive cloud operations.

Threat:

Limited availability of skilled personnel and vessels

The limited availability of skilled personnel and specialized vessels in the market poses a significant challenge. The installation, maintenance, and repair of submarine cables require highly trained engineers, technicians, and experienced crews. The shortage of qualified professionals can lead to delays in project timelines and hinder the efficient management of these complex systems. Furthermore, the lack of specialized vessels capable of handling cable-laying and repair operations can increase costs and reduce the overall reliability and scalability of global networks.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the submarine cable systems market by disrupting global supply chains, delaying construction, and increasing costs. With remote work and digital services surging, the demand for high-capacity data transmission grew, further highlighting the importance of robust submarine cable infrastructure. However, the pandemic also led to challenges in installation and maintenance, especially with restrictions on travel and labor shortages. Despite these hurdles, the market has seen a steady recovery as digital reliance continues to rise globally.

The multiple ownership systems segment is expected to be the largest during the forecast period

The multiple ownership systems segment is expected to account for the largest market share during the forecast period. This model enables shared investment and operational costs, improving the financial viability of large-scale cable projects. It encourages resource pooling, enhances network redundancy, and accelerates deployment. Multiple ownership helps reduce the risk for individual parties, promoting global connectivity. However, it also introduces challenges in governance, decision-making, and equitable access, requiring clear agreements among stakeholders to ensure smooth operations.

The telecommunications segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the telecommunications segment is predicted to witness the highest growth rate. Submarine cables carry vast amounts of voice, data, and video traffic across oceans, connecting continents and facilitating international communication. The growing demand for high-speed internet, cloud services, and digital transformation has increased the need for robust submarine cable infrastructure. Telecom companies are key players, investing in new cables and upgrading existing networks to support growing bandwidth requirements and ensure connectivity.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. Rapid economic development in countries like China, India, and Southeast Asian nations fuels the demand for enhanced internet bandwidth and offshore wind energy, making the region a hotspot for submarine cable projects. Government initiatives, such as supportive policies and investments in infrastructure development, further create a conducive environment for the expansion of submarine cable networks. Additionally, the rise in digital services, including e-commerce, cloud computing, and streaming, increases the need for reliable and high-speed connectivity, further propelling market growth.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. The increasing demand for high-speed, low-latency connectivity to support data-intensive applications such as cloud computing, artificial intelligence, and 5G networks is a primary driver. Major technology companies, including Google, Microsoft, Amazon, and Meta, are investing heavily in private subsea cable projects to enhance global connectivity and reduce reliance on third-party networks. Additionally, the expansion of offshore wind energy projects necessitates the development of submarine power cables to transmit electricity from wind farms to the mainland, further fueling market growth.

Key players in the market

Some of the key players profiled in the Submarine Cable Systems Market include SubCom LLC, NEC Corporation, Nexans S.A., Prysmian Group, Hengtong Group Co., Ltd., LS Cable & System Ltd, Corning Incorporated, Hellenic Cables, Sumitomo Electric Industries, Ltd., Alcatel Submarine Networks (ASN), The Okonite Company, TE Connectivity, America Fujikura Ltd., Tele-fonika Kable and Cablel Group.

Key Developments:

In March 2025, Prysmian announced a 7-year framework agreement with N-Sea, a Dutch integrated subsea solutions service provider for rapid response maintenance and repair of submarine cables. This solution will complement Prysmian's proprietary monitoring solutions and its overall Inspection, Maintenance, and Repair (IMR) capabilities - bringing to the market the most effective solution to submarine cable maintenance and repair.

In January 2024, NEC Corporation India announced the successful completion of a flagship optical submarine cable system in Southern India connecting Kochi and the Lakshadweep Islands. NEC India was awarded with this project by BSNL in September 2021, completing it ahead of schedule in June 2023. Spanning approximately 1,870 kilometers, the system offers an initial capacity of 2x100 Gbps, expandable up to 1,600 Gbps per fibre pair.

Types Covered:

• Dry Plant Products
• Wet Plant Products

Ownership Types Covered:

• Multiple Ownership Systems
• Single Ownership Systems
• Multilateral Development Banks

Cable Types Covered:

• Single Core Cables
• Multicore Cables
• Optical Fiber Cables
• Power Cables

Voltages Covered:

• Medium Voltage
• High Voltage
• Extra-High Voltage

Applications Covered:

• Telecommunications
• Submarine Power Transmission
• Oil & Gas Industry
• Military and Defense
• Scientific and Environmental Monitoring
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Submarine Cable Systems Market, By Type

• 5.1 Introduction
• 5.2 Dry Plant Products
  • 5.2.1 Submarine Line Terminal Equipment (SLTE)
  • 5.2.2 Power Feeding Equipment (PFE)
  • 5.2.3 Submarine Line Monitors (SLM)
• 5.3 Wet Plant Products
  • 5.3.1 Cables
  • 5.3.2 Repeaters
  • 5.3.3 Branching Units

6 Global Submarine Cable Systems Market, By Ownership Type

• 6.1 Introduction
• 6.2 Multiple Ownership Systems
• 6.3 Single Ownership Systems
• 6.4 Multilateral Development Banks

7 Global Submarine Cable Systems Market, By Cable Type

• 7.1 Introduction
• 7.2 Single Core Cables
• 7.3 Multicore Cables
• 7.4 Optical Fiber Cables
• 7.5 Power Cables

8 Global Submarine Cable Systems Market, By Voltage

• 8.1 Introduction
• 8.2 Medium Voltage
• 8.3 High Voltage
• 8.4 Extra-High Voltage

9 Global Submarine Cable Systems Market, By Application

• 9.1 Introduction
• 9.2 Telecommunications
• 9.3 Submarine Power Transmission
• 9.4 Oil & Gas Industry
• 9.5 Military and Defense
• 9.6 Scientific and Environmental Monitoring
• 9.7 Other Applications

10 Global Submarine Cable Systems Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 SubCom LLC
• 12.2 NEC Corporation
• 12.3 Nexans S.A.
• 12.4 Prysmian Group
• 12.5 Hengtong Group Co., Ltd.
• 12.6 LS Cable & System Ltd
• 12.7 Corning Incorporated
• 12.8 Hellenic Cables
• 12.9 Sumitomo Electric Industries, Ltd.
• 12.10 Alcatel Submarine Networks (ASN)
• 12.11 The Okonite Company
• 12.12 TE Connectivity
• 12.13 America Fujikura Ltd.
• 12.14 Tele-fonika Kable
• 12.15 Cablel Group