Global Submarine Optical Fiber Cables Market to Reach US$32.7 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$32.7 Billion by 2027, growing at a CAGR of 12.8% over the period 2020-2027.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 12.3% CAGR for the Period of 2020-2027
The Submarine Optical Fiber Cables market in the U.S. is estimated at US$4.2 Billion in the year 2020. The country currently accounts for a 29.52% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.7 Billion in the year 2027 trailing a CAGR of 12.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR while Rest of European market (as defined in the study) will reach US$5.7 Billion by the year 2027.We bring years of research experience to this 15th edition of our report. The 152-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
-Competitors identified in this market include, among others,
- Alcatel-Lucent Submarine Networks SAS
- Ciena Corporation
- Fujitsu Limited
- Huawei Marine Networks Co., Limited
- Infinera Corporation
- Kokusai Cable Ship Co., Ltd.
- Mitsubishi Electric Corp.
- NEC Corporation
- Norddeutsche Seekabelwerke GmbH
- NTT World Engineering Marine Corporation
- Orange Marine
- S. B. Submarine Systems Co., Ltd.
- Seaborn Networks LLC
- TE SubCom
- Xtera Communications, Inc.