The global submarine communications optical fiber cable market is predicted to outspread at a stable CAGR over the forecast period (2017 to 2022. Growing necessity for high-speed wireless communication and data transmission is anticipated to boost demand for submarine optical fiber cables in near future.
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Data transmission through optical fiber cables lying deep under the seas can offer several advantages such as high capacity, reliability, and cost-effectiveness. Growing necessity for high-speed broadband services at affordable prices are likely to propel demand for such optical fiber cables. Major companies are building communication systems based on optical fiber cables to cater to the rising demand.
For instance, Quintillion recently launched submarine fiber-optic cable system in five northern Alaska communities. This undersea cable system is expected to provide high-speed broadband capacity and services at reasonable cost as compared to current microwave and satellite options. Availability of high-speed internet can improve education and healthcare services, support local businesses, and contribute to economic development.
Disruption in services due to lack of redundancy is presumed to be the major challenge for the submarine communications optical fiber cable market in the coming years. Accidental damages to optical fiber cables through fishing and shipping activities can hinder the market growth over the forecast period. Anchor dropping and trawling generally damage undersea cables that can take long time to reach and repair.
Increasing number of broadband users and rising demand for high-speed internet services are likely to create lucrative opportunities for the market in the coming years. In addition, growing necessity to upgrade existing projects and increasing number of novel projects can bring new opportunities for the market players.
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Growing requirement to upgrade projects related to wireless communication can stimulate growth of the market during the forecast period. Rising demand for high bandwidth to handle data traffic is likely to impel market growth. Increasing number of internet videos and viewers are expected to fuel the market. Faster undersea transmissions owing to continuous technological advancements in wireless communication can impel market growth through 2022. Rapid adoption of IP-enabled devices to communicate and transfer data wirelessly is presumed to foster market growth in the coming years.
The global submarine communications optical fiber cable market can be divided on the basis of product, application, and region. Based on product, the market can be bifurcated into single deck armour and double deck armour. Based on application, the market can be segregated into shallow sea and deep sea.
Regional segmentation includes North America, Europe, China, Japan, Southeast Asia, and India. In Europe and North America, the market is expected to grow slowly due to uncertain economic conditions of these regions. New growth opportunities can emerge in both these regions from upgrade or capacity enhancement projects during the forecast period.
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In India and Southeast Asia, the submarine communications optical fiber cable market is predicted to grow in the coming years owing to increasing number of internet users and broadband investments in these regions. High adoption of IP-enabled devices and consumers demand for high-speed internet services at low price can bode well for market growth in the years to come.
In Japan and China, the market can showcase a steady CAGR in the next few years owing to on-going and up-coming projects demanding for submarine communications optical fiber cables.
Some of the prominent companies operating in the submarine communications optical fiber cable market are TESubCom, Nexans,Alcatel-Lucent, Prysmian, and NEC.
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