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The global submarine cable market is expected to exceed $30.8 billion by 2026.

August 9, 2019

Latest company news about The global submarine cable market is expected to exceed $30.8 billion by 2026.

[Cable Network News] According to the latest research report released by the international market research institute Research and Markets, the global submarine cable market will grow at a compound annual growth rate of 13% in 2019-2026.

The report predicts that by 2026, the global submarine cable market demand is expected to reach $30.86 billion.

The report believes that the growth in grid capacity demand, the growth of telecommunications subscribers and the growth of Internet traffic are the main factors driving the steady growth of the market.

However, high installation costs and difficulties in operation and maintenance of deep-water areas are also constraints that inhibit the development of this market.

Whether it is carrying submarine cables carrying power or carrying data, it needs to be laid with the help of specially modified ships. Submarine cables need to be extremely resistant to corrosion and to withstand harsh environments and pressures. For example, in addition to resisting the corrosion of seawater, submarine cables also need to resist the ravages of marine organisms such as sharks.

According to the region, the Asia-Pacific region will become the leading submarine cable regional market during the forecast period, which is mainly due to the significant investment in the offshore wind power industry in the Asia-Pacific region and the substantial increase in demand for Internet traffic.

(This article is the first cable network www.cableabc.com.)

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