Submarine Cables Segmentation
The market is segmented by application into communication, power supply, and others, out of which, the power supply segment is anticipated to hold the largest share in the global market over the forecast period on account of the need for electricity for sustenance of any civilization in the modern times. The increasing habitation in the island areas, along with development of tourist attractions in such places, is estimated to generate the demand for power supply, which is estimated to boost the market growth.
Our in-depth analysis of the global market includes the following segments
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By Voltage |
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By Application |
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By End User
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of submarine cables is evaluated at USD 32.27 billion.
Submarine Cables Market size was valued at USD 30.75 billion in 2024 and is set to exceed USD 64 billion by 2037, expanding at over 5.8% CAGR during the forecast period i.e., between 2025-2037.
Europe industry is poised to hold largest revenue share by 2037, impelled by growing requirement of establishing connectivity across the region.
The major players in the market are Prysmian S.p.A., SubCom, LLC, The Okonite Company, Nexans S.A., Hellenic Cables S.A., JDR Cable Systems, Hesfibel, Hengtong Group Co., Ltd., Corning Incorporated, and others.
