Asia-Pacific Undersea Fiber Optic Cable Market to Reach USD 10,102.87 Million by 2027
Growing demands for
high-speed internet speed, focus on cloud-based facilities, increasing the role
of artificial intelligence in submarine telecom cable systems, are expected to
drive the growth of the Asia-Pacific Fiber Optic Cable Market in during the
forecast period.
According to
TechSci Research report, “Asia-Pacific Undersea Fiber Optic Cable Market - By
Country, Competition Forecast & Opportunities, 2017-2027,” Asia-Pacific Undersea Fiber Optic Cable Market is expected to grow at CAGR of 15.04% to reach USD 10,102.87
million by 2027. Rising demand for high
bandwidth, growing use of fiber cable in the digital content sector, growing 5G
deployment, and the rising emergence of industry 4.0 are expected to propel the
Asia-Pacific Undersea Fiber Optic Cable Market during the forecast period.
Growing adoption of cloud
services, increasing digitalization, big data & IoT adoption, 5G
deployments, and growth in the inland and undersea activities in APAC are some
of the main reasons for the increased number of hyperscalers, which directly
affect the market of undersea fiber optic cables because undersea fiber optic
cables are the backbone of the internet, carrying 95% of all telecommunications
traffic for personal and business use. Moreover, Philippines is poised to
be next hyperscaler hub in APAC because too many opportunities for investments
and partnerships await the hyperscaler and data center firms who want to invest
in the country, which ultimately increases the demand for undersea fiber optic
cables in APAC.
In APAC, India holds around
15% of Facebook’s global consumer base and is the largest market for Facebook
globally. For a country of a billion people with around 400 million users on
Facebook, the demand for data center capacity increases. As a result, in order
to meet the exponential capacity demand, as well as to interconnect data
centers with the lowest latency, the demand for undersea fiber optic cables
increases.
Browse over 78 market data
Figures spread through 277 Pages and an in-depth TOC on "Asia-Pacific Undersea Fiber Optic Cable Market"
Asia-Pacific
undersea fiber optic cable market is segmented on the basis of cable type,
insulation type, end use industry, by country, and by company. Based on cable
type, the market is further fragmented into loose tube, ribbon tube, micro
loose tube, and others. Loose Tube is the dominating cable design in the
Asia-Pacific Undersea Fiber Optic Cable Market, accounting for a share of
48.05% in 2021 and growing at a CAGR of 17.01% during the forecast period.
The loose tube
cables are proven to be the best solution for harsh environmental conditions
outdoors because they offer the best protection for the fibers under high
pulling tensions and can be easily protected from moisture with water-blocking
gel or tapes. Additionally, the central loose tube offers labor reduction in
cable installation and is eco-friendly. Furthermore, the fast access technology
used in loose tube cables can reduce cable access times by up to 60%, allowing
the customer to remove the thin film with an easy-to-access ripcord easily.
Based on
insulation type, the market is further segmented into cross-linked
polyethylene, oil-impregnated paper, resin-impregnated paper, and others.
Cross-Linked Polyethylene is the dominating insulation type in the Asia-Pacific
Undersea Fiber Optic Cable Market, accounting for a share of 75.92% in 2021 and
growing at a CAGR of 16.76% during the forecast period.
Cross-linking can
solve plumbing problems at a lower cost and is sometimes easier to install.
It is more
cost-effective than traditional solutions. Due to increased construction and
infrastructure activities, the number of telecommunication companies is rapidly
growing, increasing the demand for cross-Linked Polyethylene for insulation.
Key market
players in the Asia-Pacific undersea fiber optic cable market include:
- NEC Corporation
- Fujitsu Limited
- SubCom, LLC.
- Alcatel Submarine Networks
- Huawei Marine Networks Technologies Co., Limited
- Communication Cable Systems Indonesia
- Ciena Corporation
- Norddeutsche Seekabelwerke GmbH
- Ocean Cables
- Xtera
- S. B. Submarine Systems Co., Ltd.
- Orange Marine
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“China is the
dominating country in the Asia-Pacific Undersea Fiber Optic Cable Market,
accounting for a share of 40.57% in 2021 and growing at a CAGR of 15.21% during
the forecast period. China has initiated a five-year plan for the information
and communication industry to develop a competitive international capability in
constructing and maintaining undersea fiber optic cables. Furthermore, in the
"Made in China 2025" plan, the Chinese government outlined a specific
road map aimed at capturing 60% of the global fiber optic market within the
next four years, which will positively impact the Asia-Pacific Undersea Fiber
Optic Cable Market. Chinese telecommunication state-owned enterprises (SOEs)
have begun taking part in major international consortia to build submarine
cables, which will likely increase the demand for underwater fiber optic cables
in Asia-Pacific.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Asia-Pacific Undersea Fiber
Optic Cable Market, Segmented By Cable Design (Ribbon Tube, Loose Tube, Micro
Loose Tube, and Others), By End-Use Industry (IT
& Telecommunication, Energy & Power, and Others), By Insulation Type
(Cross-Linked Polyethylene, Oil-Impregnated Paper, Resin-Impregnated Paper,
Others), By Country,
Competition, Forecast & Opportunities, 2027”, has
evaluated the future growth potential of undersea fiber optic cable market in Asia
Pacific and provides statistics and information on market structure, size,
share and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in Asia Pacific
undersea fiber optic cable market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com