The global submarine cables market is anticipated to grow at a CAGR of 5.5% during the forecast period. In July 2022, NTT Ltd., Japan Corp., and PC Landing Corp. announced the launch of the new company, Seren Juno Network Co., Ltd. for constructing and operating "JUNO", the new trans-Pacific submarine cable system that links the US and Japan. JUNO serves the ever-growing digital economy in the Asia-Pacific region by landing in Japan which is a "Data Hub" located in the mid-point of the US and Asian countries. JUNO introduces the leading-edge SDM (Space Division Multiplexing) technology to enable the 20 optical fiber pairs (40 cores) per cable, whereas the cable with the conventional technology currently carries a maximum of 16 fiber pairs (32 cores). Juno provides the maximum capacity of 350Tbps, the largest among any existing cable systems between the US and Japan.
Browse the full report description of “Submarine Cables Market Size, Share & Trends Analysis Report, By Component (Dry Plant Products and Wet Plant Products), By Voltage (Medium Voltage, High Voltage, and Extra High Voltage), By Application (Submarine Power Cables and Submarine Communication Cables), By End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, and Offshore Oil & Gas), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/submarine-cables-market
Further, in July 2022, Southern Cross Cables announced the launch of its Southern Cross NEXT cable, along with the implementation and testing of 400GbE services across the 15,840km network. The NEXT cable will support Southern Cross’ mission to enable reliable connectivity between the people and communities of Australia, New Zealand and the Pacific Islands to the rest of the world. It will provide submarine fibre connections to Tokelau and Kiribati and reinforce Fiji’s growing role as a digital hub for the Pacific Islands. Southern Cross collaborated with Ciena to successfully commission and test the services error-free as part of the NEXT commissioning processes, paving the way for the introduction of 400GbE services between Sydney, Auckland and Los Angeles.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Voltage
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Alcatel-Lucent Enterprise, NEC Corp., NEXANS SA, and Prysmian Group among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Submarine Cables Market Report by Segment
By Component
By Voltage
By Application
By End-User
Global Submarine Cables Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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