According to the new research report published by The Insight Partners, titled “Submarine Cable Systems – Global Analysis and Forecast to 2027”, The Global Submarine Cable Systems Market is expected to reach US$ 30.4 Bn in 2027, registering a CAGR of 9.2% during the forecast period 2019-2027.
In 2018, Asia Pacific is accounted for the largest share in the submarine cable systems market Whereas, Middle Eat & Africa region is expected to be the fastest growing region in the submarine cable systems market. The demand for submarine cable systems is anticipated to be robust, due to growing need of reliable connectivity through the fiber optic cables.
In the recent few years, submarine cable systems market has noticed noteworthy M&A and partnership activity. Some of the significant deals include, in 2017 Hubbell Inc. has completed the acquisition of iDevices of Avon. The acquisition would help the Hubbell to strengthen its way to in the field of innovation with the expertise of iDevices in Internet of Things. Another initiative in respect to contractual alliance, is undertaken by Cortem Group consolidated its presence in Saudi territory by signing an exclusive contract with SPF, Safety and Protection Factory. This new exclusive contract signed with the SPF company for the assembly, production and distribution in Saudi Arabia and new management in charge for the Sister Company in Dubai supports Cortem Group to strengthen its presence in Middle East in 2018.
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The Emerging Players in the Submarine Cable System Market includes
- Huawei Marine Networks Co., Limited
- Subcom, LLC
- NEC Corporation
- Fujitsu Limited
- Nokia Corporation
- Hawaiki Cable Limited
- Sumitomo Electric Industries, Ltd.
- Nexans SA
- Prysmian Group
- Mitsubishi Electric Corporation
An Overview of the Impact of COVID-19 on this Market:
Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Submarine Cable System Market which would mention How the Covid-19 is Affecting the Submarine Cable System Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Submarine Cable System Players to fight Covid-19 Impact.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Submarine Cable System market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Submarine Cable System market?
- What are the prominent market trends influencing the development of the Submarine Cable System market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Submarine Cable System market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Submarine Cable System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Submarine Cable System market segments and regions.
Submarine Cable System Market: Regional analysis includes:
- Asia-Pacific Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (The United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Submarine Cable System market.
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