Technological advancements have played an important role in molding the overall growth of the global subsea cable equipment market over the past few years. Over the past couple of decades, considerable progress and advancements made in the transoceanic communication space have influenced the demand for subsea cables equipment– a factor that is expected to provide a considerable boost to the market growth. In addition, the surge in the number of offshore projects, including offshore wind power generation and construction of several new oilrigs in various locations has led to a considerable rise in the demand for subsea cables equipment– a trend that is expected to continue during the forecast period.
Over the past decade, data management across subsea cables equipment has witnessed considerable progress and gained noteworthy popularity. While telecommunications companies were primarily at the forefront in terms of development and construction of new subsea cables equipment, the tide is gradually shifting toward hyper-scale cloud companies and giant content providers. Considerable progress in the cable technology has played an important role in reducing project costs, while simultaneously improving capacity and efficiency due to which, the subsea cable equipment market is projected to grow at a consistent pace in the upcoming years.
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As the international telecommunications sector continues to advance at a rapid pace, data traffic volumes are growing at a blazing speed due to which, the demand for subsea cable systems is increasing at an impressive rate. The construction boom in offshore telecommunication projects, along with anticipated growth in the cable capacity of newly developed subsea cables is likely to play an imperative role in the expansion of the global subsea cable equipment market during the assessment period.
A number of prominent tech companies, including Google, Facebook, and Microsoft is increasingly investing in the development of the transoceanic communication space– a factor that is expected to boost the overall growth of the global subsea cable equipment market. In addition, current observable trends suggest that tech companies are anticipated to gradually emerge as primary investors in new subsea cable systems. For instance, Amazon came under the spotlight as one of the key investors in the Hawaiki Submarine Cable project that is estimated to connect Australia to the West Coast of the U.S. through Hawaii and New Zealand. As per the data revealed by TeleGeography, the capacity of new subsea cable systems deployed by Facebook, Amazon, Google, and Microsoft witnessed a 14-fold growth in the period from 2012 to 2016. The shift from a cloud-first approach to IT is a major factor that is expected to fuel this trend further.
Advent of 5G network and growing demand for faster connectivity are expected to have a strong impact on the growth of the global subsea cable equipment market in the forthcoming decade.
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The offshore wind farm industry has garnered considerable attention over the past couple of decades, as it continues to mature steadily. One of the challenges players operating in the offshore wind generation sector is increasingly focusing on addressing is the installation and maintenance of subsea cables– a barrier that has dented several companies financially and caused delays in the completion of several key projects. Market players are increasingly focusing on reducing the damage to offshore wind farms by restricting the mechanical damage to the subsea cable equipment. The increasing need to improve the maintenance process of subsea cables equipment is another factor that is likely to provide a considerable boost to the overall growth of the global subsea cable equipment market.
The onset of the novel COVID-19 pandemic is expected to have a short-term impact on the growth of the global subsea cable equipment market. While the industrial sector in China was under stringent lockdown during the first quarter of 2020, delivery and overall supply of raw materials and components required to produce subsea cable equipment were largely affected. In addition, stringent restrictions on cross-border trade and transportation are another factor that led to a steep decline in the demand for subsea cables equipment, especially in the second quarter of 2020. However, as governments in several key regions of the world are gradually lifting the restrictions on trade and transportation, the delayed or stalled offshore projects are likely to resume due to which, the demand for subsea cables equipment is projected to grow in the upcoming months.
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Analysts’ Viewpoint
The global subsea cable equipment market is projected to expand at a moderate CAGR of ~5% during the forecast period. Advancements in transoceanic communication, increasing country and island connectivity, soaring investments from tech companies, including Facebook and Google, and advancements in the communications technology are likely to drive the market for subsea cables equipment during the assessment period. Market players should focus on improving the durability of their subsea cables equipment and minimize the losses inflicted due to failures and issues at the time of maintenance of subsea cable equipment.
Subsea Cable Equipment Market Segmentation
TMR’s study on the global subsea cable equipment market divides the market based on type, application, and region. Changing market trends and other crucial market dynamics associated with segments of the global subsea cable equipment market have been discussed in detail in TMR’s study.
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1. Market Overview
1.1. Market Introduction
1.2. Market Definition
1.3. Market Taxonomy
1.4. Key Research Objectives
2. Market Dynamics
2.1. Introduction
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunities
2.3. Regulations and Policies
2.4. Key Trends and Impact Analysis
3. Associated Industry and Key Indicator Assessment
3.1. Parent Industry Overview
3.2. Supply Chain Analysis
3.2.1. List of Active Participants
3.2.1.1. Raw Material Suppliers
3.2.1.2. Key Manufacturers
3.2.1.3. Integrators
3.2.1.4. Key Distributor/Retailers
3.3. PORTER Five Forces Analysis
4. Global Subsea Cable Equipment Market Analysis and Forecast
4.1. Market Size Analysis (2018-2019) and Forecast (2020 - 2030)
4.1.1. Market Value (US$ Mn) and Y-o-Y Growth
5. Global Subsea Cable Equipment Market Analysis By Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison By Type
5.2. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Type, 2018 - 2030
5.2.1. Trenchers
5.2.2. Ploughs
5.2.3. Others
5.3. Market Attractiveness Analysis By Type
6. Global Subsea Cable Equipment Market Analysis By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison By Application
6.2. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
6.2.1. Offshore Wind Power Generation
6.2.2. Inter-Country and Island Connection
6.2.3. Offshore Oil Rigs
6.3. Market Attractiveness Analysis By Application
7. Global Subsea Cable Equipment Market Analysis and Forecast, By Region
7.1. Introduction
7.2. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Region, 2018 - 2030
7.2.1. North America
7.2.2. Europe
7.2.3. APAC
7.2.4. South America
7.2.5. Middle East & Africa
7.3. Market Attractiveness Analysis By Region
8. North America Subsea Cable Equipment Market Analysis and Forecast
8.1. Introduction
8.2. Drivers and Restraints: Impact Analysis
8.3. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2018 - 2030
8.3.1. Trenchers
8.3.2. Ploughs
8.3.3. Others
8.4. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
8.4.1. Offshore Wind Power Generation
8.4.2. Inter-Country and Island Connection
8.4.3. Offshore Oil Rigs
8.5. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country, 2018 - 2030
8.5.1. U.S.
8.5.2. Canada
8.5.3. Rest of North America
8.6. Market Attractiveness Analysis
8.6.1. By Type
8.6.2. By Application
8.6.3. By Country
9. Europe Subsea Cable Equipment Market Analysis and Forecast
9.1. Introduction
9.2. Drivers and Restraints: Impact Analysis
9.3. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2018 - 2030
9.3.1. Trenchers
9.3.2. Ploughs
9.3.3. Others
9.4. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
9.4.1. Offshore Wind Power Generation
9.4.2. Inter-Country And Island Connection
9.4.3. Offshore Oil Rigs
9.5. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Country & Sub-region, 2018 - 2030
9.5.1. U.K.
9.5.2. France
9.5.3. Germany
9.5.4. Rest of Europe
9.6. Market Attractiveness Analysis
9.6.1. By Type
9.6.2. By Application
9.6.3. By Country
10. Asia Pacific Subsea Cable Equipment Market Analysis and Forecast
10.1. Introduction
10.2. Drivers and Restraints: Impact Analysis
10.3. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2018 - 2030
10.3.1. Trenchers
10.3.2. Ploughs
10.3.3. Others
10.4. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
10.4.1. Offshore Wind Power Generation
10.4.2. Inter-Country and Island Connection
10.4.3. Offshore Oil Rigs
10.5. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country & Sub-region, 2018 – 2030
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. South Korea
10.5.5. ASEAN
10.5.6. Rest of APAC
10.6. Market Attractiveness Analysis
10.6.1. By Type
10.6.2. By Application
10.6.3. By Country
11. Middle East & Africa Subsea Cable Equipment Market Analysis and Forecast
11.1. Introduction
11.2. Drivers and Restraints: Impact Analysis
11.3. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2018 - 2030
11.3.1. Trenchers
11.3.2. Ploughs
11.3.3. Others
11.4. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
11.4.1. Offshore Wind Power Generation
11.4.2. Inter-Country and Island Connection
11.4.3. Offshore Oil Rigs
11.5. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country & Sub-region, 2018 – 2030
11.5.1. GCC Countries
11.5.2. South Africa
11.5.3. Rest of Middle East & Africa
11.6. Market Attractiveness Analysis
11.6.1. By Type
11.6.2. By Application
11.6.3. By Country
12. South America Subsea Cable Equipment Market Analysis and Forecast
12.1. Introduction
12.2. Drivers and Restraints: Impact Analysis
12.3. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Type, 2018 - 2030
12.3.1. Trenchers
12.3.2. Ploughs
12.3.3. Others
12.4. Subsea Cable Equipment Market Size (US$ Mn) Analysis & Forecast, By Application, 2018 - 2030
12.4.1. Offshore Wind Power Generation
12.4.2. Inter-Country and Island Connection
12.4.3. Offshore Oil Rigs
12.5. Subsea Cable Equipment Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, Analysis & Forecast, By Country & Sub-region, 2018 – 2030
12.5.1. Brazil
12.5.2. Rest of South America
12.6. Market Attractiveness Analysis
12.6.1. By Type
12.6.2. By Application
12.6.3. By Country
13. Competition (Manufacturers/Suppliers)
13.1. Gray Diving Services Pty Ltd
13.1.1. Overview
13.1.2. Product Portfolio
13.1.3. Sales Footprint (If Available)
13.1.4. Channel Footprint (If Available)
13.1.4.1. Distributors List
13.1.4.2. Sales Channel (Clients)
13.1.5. Strategy Overview
13.1.6. Financial Analysis
13.1.7. Key Clients
13.2. Hong Kong Marine Contractors Limited
13.2.1. Overview
13.2.2. Product Portfolio
13.2.3. Sales Footprint (If Available)
13.2.4. Channel Footprint (If Available)
13.2.4.1. Distributors List
13.2.4.2. Sales Channel (Clients)
13.2.5. Strategy Overview
13.2.6. Financial Analysis
13.2.7. Key Clients
13.3. KT Submarine Ltd.
13.3.1. Overview
13.3.2. Product Portfolio
13.3.3. Sales Footprint (If Available)
13.3.4. Channel Footprint (If Available)
13.3.4.1. Distributors List
13.3.4.2. Sales Channel (Clients)
13.3.5. Strategy Overview
13.3.6. Financial Analysis
13.3.7. Key Clients
13.4. Metco Marine
13.4.1. Overview
13.4.2. Product Portfolio
13.4.3. Sales Footprint (If Available)
13.4.4. Channel Footprint (If Available)
13.4.4.1. Distributors List
13.4.4.2. Sales Channel (Clients)
13.4.5. Strategy Overview
13.4.6. Financial Analysis
13.4.7. Key Clients
13.5. NTT World Engineering Marine Corporation
13.5.1. Overview
13.5.2. Product Portfolio
13.5.3. Sales Footprint (If Available)
13.5.4. Channel Footprint (If Available)
13.5.4.1. Distributors List
13.5.4.2. Sales Channel (Clients)
13.5.5. Strategy Overview
13.5.6. Financial Analysis
13.5.7. Key Clients
13.6. Oceaneering International, Inc.
13.6.1. Overview
13.6.2. Product Portfolio
13.6.3. Sales Footprint (If Available)
13.6.4. Channel Footprint (If Available)
13.6.4.1. Distributors List
13.6.4.2. Sales Channel (Clients)
13.6.5. Strategy Overview
13.6.6. Financial Analysis
13.6.7. Key Clients
13.7. Osbit
13.7.1. Overview
13.7.2. Product Portfolio
13.7.3. Sales Footprint (If Available)
13.7.4. Channel Footprint (If Available)
13.7.4.1. Distributors List
13.7.4.2. Sales Channel (Clients)
13.7.5. Strategy Overview
13.7.6. Financial Analysis
13.7.7. Key Clients
13.8. Royal IHC
13.8.1. Overview
13.8.2. Product Portfolio
13.8.3. Sales Footprint (If Available)
13.8.4. Channel Footprint (If Available)
13.8.4.1. Distributors List
13.8.4.2. Sales Channel (Clients)
13.8.5. Strategy Overview
13.8.6. Financial Analysis
13.8.7. Key Clients
13.9. S. B. Submarine Systems Co., Ltd.
13.9.1. Overview
13.9.2. Product Portfolio
13.9.3. Sales Footprint (If Available)
13.9.4. Channel Footprint (If Available)
13.9.4.1. Distributors List
13.9.4.2. Sales Channel (Clients)
13.9.5. Strategy Overview
13.9.6. Financial Analysis
13.9.7. Key Clients
13.10. Soil Machine Dynamics Ltd.
13.10.1. Overview
13.10.2. Product Portfolio
13.10.3. Sales Footprint (If Available)
13.10.4. Channel Footprint (If Available)
13.10.4.1. Distributors List
13.10.4.2. Sales Channel (Clients)
13.10.5. Strategy Overview
13.10.6. Financial Analysis
13.10.7. Key Clients
14. Research Methodology
15. Assumptions & Acronyms Used
List of Tables
Table 1: Global Subsea Cable Equipment Market Revenue (US$ Mn), by Product Type, 2018–2030
Table 2: Global Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 3: Global Subsea Cable Equipment Market Revenue (US$ Mn), by Region, 2018–2030
Table 4: North America Subsea Cable Equipment Market Revenue (US$ Mn), by Type, 2018–2030
Table 5: North America Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 6: North America Subsea Cable Equipment Market Revenue (US$ Mn), by Country, 2018–2030
Table 7: Europe Subsea Cable Equipment Market Revenue (US$ Mn), by Type, 2018–2030
Table 8: Europe Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 9: Europe Subsea Cable Equipment Market Revenue (US$ Mn), by Country, 2018–2030
Table 10: Asia Pacific Subsea Cable Equipment Market Revenue (US$ Mn), by Type, 2018–2030
Table 11: Asia Pacific Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 12: Asia Pacific Subsea Cable Equipment Market Revenue (US$ Mn), by Country, 2018–2030
Table 13: Middle East and Africa (MEA) Subsea Cable Equipment Market Revenue (US$ Mn), by Type, 2018–2030
Table 14: Middle East and Africa (MEA) Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 15: Middle East and Africa (MEA) Subsea Cable Equipment Market Revenue (US$ Mn), by Country, 2018–2030
Table 16: South America Subsea Cable Equipment Market Revenue (US$ Mn), by Type, 2018–2030
Table 17: South America Subsea Cable Equipment Market Revenue (US$ Mn), by Application, 2018–2030
Table 18: South America Subsea Cable Equipment Market Revenue (US$ Mn), by Country, 2018–2030
List of Figures
Figure 1: Global Subsea Cable Equipment Market Revenue (US$ Mn) Forecast, 2018–2030
Figure 2: Global Subsea Cable Equipment Market Revenue (US$ Mn) and Y-o-Y Forecast, 2018 – 2030
Figure 3: Global Subsea Cable Equipment Market, by Trenchers
Figure 4: Global Subsea Cable Equipment Market, by Ploughs
Figure 5: Global Subsea Cable Equipment Market, by Others
Figure 6: Global Subsea Cable Equipment Market Comparison Matrix, by Type
Figure 7: Global Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 8: Global Subsea Cable Equipment Market, by Offshore Wind Power Generation
Figure 9: Global Subsea Cable Equipment Market, by Inter-country and Island Connection
Figure 10: Global Subsea Cable Equipment Market, by Offshore Oil Rigs
Figure 11: Global Subsea Cable Equipment Market Comparison Matrix, by Application
Figure 12: Global Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 13: Global Subsea Cable Equipment Market Value Share Analysis, by Region (2020E)
Figure 14: Global Subsea Cable Equipment Market Value Share Analysis, by Region (2030F)
Figure 15: Global Subsea Cable Equipment Market Attractiveness Analysis, by Region
Figure 16: North America Subsea Cable Equipment Market Value Share Analysis, by Type (2020)
Figure 17: North America Subsea Cable Equipment Market Value Share Analysis, by Type (2030)
Figure 18: North America Subsea Cable Equipment Market Value Share Analysis, by Application (2020)
Figure 19: North America Subsea Cable Equipment Market Value Share Analysis, by Application (2030)
Figure 20: North America Subsea Cable Equipment Market Value Share Analysis, by Country (2020)
Figure 21: North America Subsea Cable Equipment Market Value Share Analysis, by Country (2030)
Figure 22: North America Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 23: North America Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 24: North America Subsea Cable Equipment Market Attractiveness Analysis, by Country
Figure 25: Europe Subsea Cable Equipment Market Value Share Analysis, by Type (2020)
Figure 26: Europe Subsea Cable Equipment Market Value Share Analysis, by Type (2030)
Figure 27: Europe Subsea Cable Equipment Market Value Share Analysis, by Application (2020)
Figure 28: Europe Subsea Cable Equipment Market Value Share Analysis, by Application (2030)
Figure 29: Europe Subsea Cable Equipment Market Value Share Analysis, by Country (2020)
Figure 30: Europe Subsea Cable Equipment Market Value Share Analysis, by Country (2030)
Figure 31: Europe Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 32: Europe Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 33: North America Subsea Cable Equipment Market Attractiveness Analysis, by Country
Figure 34: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Type (2020)
Figure 35: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Type (2030)
Figure 36: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Application (2020)
Figure 37: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Application (2030)
Figure 38: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Country (2020)
Figure 39: Asia Pacific Subsea Cable Equipment Market Value Share Analysis, by Country (2030)
Figure 40: Asia Pacific Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 41: Asia Pacific Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 42: North America Subsea Cable Equipment Market Attractiveness Analysis, by Country
Figure 43: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Type (2020)
Figure 44: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Type (2030)
Figure 45: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Application (2020)
Figure 46: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Application (2030)
Figure 47: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Country (2020)
Figure 48: Middle East & Africa (MEA) Subsea Cable Equipment Market Value Share Analysis, by Country (2030)
Figure 49: Middle East & Africa (MEA) Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 50: Middle East & Africa (MEA) Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 51: Middle East & Africa (MEA) Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 52: Middle East & Africa (MEA) Subsea Cable Equipment Market Attractiveness Analysis, by Country
Figure 53: South America Subsea Cable Equipment Market Value Share Analysis, by Type (2020)
Figure 54: South America Subsea Cable Equipment Market Value Share Analysis, by Type (2030)
Figure 55: South America Subsea Cable Equipment Market Value Share Analysis, by Application (2020)
Figure 56: South America Subsea Cable Equipment Market Value Share Analysis, by Application (2030)
Figure 57: South America Subsea Cable Equipment Market Value Share Analysis, by Country (2020)
Figure 58: South America Subsea Cable Equipment Market Value Share Analysis, by Country (2030)
Figure 59: South America Subsea Cable Equipment Market Attractiveness Analysis, by Type
Figure 60: South America Subsea Cable Equipment Market Attractiveness Analysis, by Application
Figure 61: North America Subsea Cable Equipment Market Attractiveness Analysis, by Country
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Subsea Cables Equipment Market
*86 figures and 60 tables includes