Saudi Arabia Undersea Fiber Optic Cable Market to Grow at a robust CAGR through 2028
Rising internet usage by the population in the country and
digital acceptance are driving Saudi Arabia Undersea
Fiber Optic Cable market.
According to
TechSci Research report, “Saudi Arabia Undersea
Fiber Optic Cable Market - By Region, Competition Forecast & Opportunities,
2028”, the population in the country is focusing on digital
acceptance to enhance lifestyle and make work easy which is boosting the growth
of the undersea fiber optic cable market in Saudi Arabia. Undersea fiber optic cable helps to connect Saudi Arabia
to the world. Additionally, India’s government focuses on the “One world One
Sun” which helps to connect the Asia pacific region, middle east and Africa
region together and supply renewable energy from one region to another region
with the help of undersea fiber optic cable. According to news a 3 Giga Watts Undersea
project is expected to involve a capital expenditure of USD 5 billion which includes
the cost of cables which is made of copper or aluminum, and the installation of
ships & terminals at two ends. These initiatives help to fuel the marking
growth of the undersea fiber optic cable market in the upcoming years.
Based on cable design, Loose
Tube is the leading segment in Saudi Arabia Undersea Fiber Optic Cable Market as
these provide the finest protection for fibers under high pulling strains and
can be easily protected from moisture with water-blocking gel or tapes. Loose
tube cables have proven to be the ideal alternative for difficult environmental
conditions outside. The centre loose tube is also labor-saving and
environmentally favorable for cable installation. The user can easily remove
the thin film with an accessible ripcord thanks to the fast access technology utilized
in loose tube cables, which can cut cable access times by up to 60%. Because
loose tubes are simple to handle and maintain, their demand is rising in the
Saudi Arabia market for undersea fiber optic cables.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Saudi Arabia Undersea Fiber Optic Cable Market"
Based on Insulation type pe, Cross-Linked
Polyethylene is one of the leading segments in Saudi Arabia Undersea Fiber
Optic Cable Market as plumbing issues can sometimes be resolved more cheaply
and more easily by cross-linking. Compared to more conventional approaches, it
is more economical. The number of telecommunications businesses is quickly
expanding, which is driving demand for cross-Linked Polyethylene for
insulation. This is also due to increased building and infrastructure
activities.
In terms of regional analysis, the Saudi Arabia Undersea
Fiber Optic Cable Market is segmented into Eastern Region, Northern &
Central Region, Western Region, Southern Region. The central region is one of
the leading regions in Saudi Arabia Undersea fiber optic cable market. The
central region is one of the leading regions that launched “Saudi Vision 2030”
and many leading companies’ headquarters are in the central region i. e Riyadh.
l.
The
goals of Saudi Vision 2030 include economic diversification and government
actions, which are expected to positively impact the fiber optic cable market.
For instance, the STC Group unveiled Saudi Vision Cable, the first high-speed
cable in the Red Sea, on August 25, 2022, following its landing in Jeddah. The
project, known as Saudi Vision Cable, was motivated by the Kingdom's Vision 2030.
The
Saudi Vision Cable connects Jeddah, Yanbu, Dibba, and Haql, the principal
subsea centers in Saudi Arabia's Red Sea cities, over a distance of 1,160 kilometers.
Alcatel Submarine Networks provides the privately held Saudi Vision Cable,
which is owned by STC (ASN). With 16 fiber pairs and an 18Tbps design per pair,
the Saudi Vision Cable connects the four cable landing sites of STC in Jeddah,
Yanbu, Duba, and Haql. For the undersea cables in the area, the Saudi Vision
Cable will be a game-changer since it will provide a special, low-latency path
connecting the main subsea hubs in Saudi Arabia's Red Sea cities. Access to all
international cables will be made available in the landing stations and
information centers of the STC Group via the cable, which will also serve to
increase the cost-effectiveness and flexibility of the single efficient fiber
optic platform.
Key market
players in the Saudi Arabia Undersea Fiber Optic Cable Market include:
- NEC Saudi Arabia
Ltd
- Middle East Fiber
Cable Manufacturing Co
- Saudi Cable Company
- Ciena Corporation
- Stc pay Saudi
- SubCom LLC
- Etihad Etisalat
(Mobily)
- Alcatel Submarine
Networks
- NEC Corporation
- HMN Technologies
Co. Limited.
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“The Saudi Arabia
Undersea Fiber Optic Cable Market is expected to grow during the forecast
period owing to increased demand for subsea cable systems among telecom
operators, technology advancements, which promise faster undersea
transmissions, the role of ai in submarine telecom cable systems, and service
providers' focus on improving the flexibility of submarine cable networks. The
oil-rich gulf countries, including Saudi Arabia, are also looking to diversify
energy requirements to fire their power plants. In KSA, 52% of electricity is
generated from natural gas, 40% from oil, and 8% from steam. Saudi Arabia is
focusing on increasing its 55 Gigawatts capacity to 120 gigawatts by 2032. Thus
all these factors are expected to drive the market in the upcoming years, said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Undersea Fiber Optic cable Market
By Fiber Type (Single-mode fiber and Multi-mode fiber), 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 Application
(Deep-Sea Fiber Optic Cable, Shallow Sea Fiber Optic Cable), By Region, Competition
Forecast & Opportunities, 2028”, has evaluated the
future growth potential of Saudi Arabia Undersea Fiber Optic Cable Market 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 decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Saudi Arabia Undersea
Fiber Optic Cable Market.
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