The Asia Pacific submarine cable systems market accounted for US$ 5,612.6 Mn in 2017 and is expected to grow at a CAGR of 9.8% over the forecast period 2018-2027, to account for US$ 14,719.3 Mn in 2027.
Submarine cable systems are vital in establishing global connectivity and forming the entire internet. The globalized economy today desires a highly secure and reliable internet infrastructure to support the high bandwidth applications effectively and trends of the modern world namely the cloud data centers and Software Defined Networking (SDN). Further, the exponential rise in the Datacenter Interconnect (DCI), cloud computing, artificial intelligence, Big Data, and IoT also boost the demand for robust intercontinental cable infrastructure. Such development in internet infrastructure is projected to deliver huge and potential opportunities for the submarine cable systems market.
The submarine cable systems market is fragmented with the presence of several submarine cable providers and the competitive dynamics in the market is expected to change during the upcoming years. Various significant developments have been witnessed with regards to the deployments of the submarine cable systems in the Asia Pacific region. with growing demands for increased capacity of the submarine cable systems in the Asian region, a sharp decline in the prices are witnessed over the last two-three years. It gives significant opportunities for the companies to enhance its submarine cable which further develops submarine cable systems market.
On the basis of application, the submarine cable systems market is segmented into communication and energy & power. The communication segment is anticipated to continue its dominance in the submarine cable systems market. Increase in the international bandwidth requirement and improving internet penetration is significantly driving the communication market for submarine cable systems. Further, increasing investments by content providers is proliferating the growth of the market in Asia Pacific. However, energy & power segment is projected to grow at a high rate in the submarine cable systems market.
The overall submarine cable systems market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the submarine cable systems market. It also provides the overview and forecast for the Asia Pacific submarine cable systems market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the submarine cable industry. The key players operating in the APAC submarine cable systems market include Huawei Marine Networks Co., Limited, Subcom, LLC, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong Group Co., Ltd., Sumitomo Electric Industries, Ltd., Nexans SA, Prysmian Group, and Mitsubishi Electric Corporation among others.
TABLE OF CONTENTS
1. INTRODUCTION 10
1.1 SCOPE OF THE STUDY 10
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 10
2. KEY TAKEAWAYS 12
3. SUBMARINE CABLE SYSTEMS MARKET LANDSCAPE 14
3.1 MARKET OVERVIEW 14
3.2 MARKET SEGMENTATION 15
3.2.1 Asia Pacific Submarine cable systems Market - By Service 15
3.2.2 Asia Pacific Submarine cable systems Market - By Application 15
3.2.3 Asia Pacific Submarine cable systems Market - By Country 16
3.3 PEST ANALYSIS 17
3.3.1 Asia Pacific PEST Analysis 17
4. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET - KEY INDUSTRY DYNAMICS 19
4.1 KEY MARKET DRIVERS 19
4.1.1 An advancing global economy revolving around the internet as its backbone 19
4.1.2 Increasing bandwidth demands from the cloud and content service providers 19
4.1.3 Burgeoning optical fiber demands in growing economies such as China, India 20
4.2 KEY MARKET RESTRAINTS 21
4.2.1 High Initial Investments and susceptible to climatic conditions 21
4.3 KEY MARKET OPPORUNITIES 21
4.3.1 Large number of ongoing projects for submarine cables 21
4.4 FUTURE TRENDS 21
4.4.1 Content and cloud service providers to govern the market 21
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 22
5. SUBMARINE CABLE SYSTEM MARKET - ASIA PACIFIC ANALYSIS 23
5.1 OVERVIEW 23
5.1.1 Asia Pacific Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 24
6. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027- SERVICE 26
6.1 OVERVIEW 26
6.2 ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 26
6.3 INSTALLATION SERVICES MARKET 27
6.3.1 Overview 27
6.3.2 Installation Services Market Forecasts and Analysis 28
6.4 MAINTENANCE & UPGRADE SERVICES MARKET 29
6.4.1 Overview 29
6.4.2 Maintenance & Upgrade Services Market Forecasts and Analysis 29
7. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION 30
7.1 OVERVIEW 30
7.2 ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY APPLICATION, 2017 & 2027 30
7.3 COMMUNICATION MARKET 31
7.3.1 Overview 31
7.3.2 Communication Market Forecasts and Analysis 31
7.4 ENERGY & POWER MARKET 32
7.4.1 Overview 32
7.4.2 Energy & Power Market Forecasts and Analysis 32
8. SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY 33
8.1.1 Asia Pacific Submarine Cable System Market Breakdown by Key Countries 33
8.1.1.1 Australia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 34
8.1.1.2 China Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 37
8.1.1.3 India Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 38
8.1.1.4 Japan Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 43
8.1.1.5 Indonesia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 44
8.1.1.6 South Korea Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 45
8.1.1.7 Malaysia Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 46
8.1.1.8 Singapore Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 47
8.1.1.9 Hong Kong Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 48
8.1.1.10 Rest of APAC Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 49
9. INDUSTRY LANDSCAPE 50
9.1 MARKET INITIATIVE 50
9.2 NEW DEVELOPMENT 53
10. COMPETITIVE LANDSCAPE 54
10.1 COMPETITIVE PRODUCT MAPPING 54
10.2 MARKET POSITIONING -TOP 5 PLAYERS 55
11. ASIA PACIFIC SUBMARINE CABLE SYSTEMS - COMPANY PROFILES 56
11.1 HUAWEI MARINE NETWORKS CO., LIMITED 56
11.1.1 Key Facts 56
11.1.2 Business Description 56
11.1.3 Financial Overview 57
11.1.4 SWOT Analysis 57
11.1.5 Key Developments 59
11.2 SUBCOM, LLC 60
11.2.1 Key Facts 60
11.2.2 Business Description 60
11.2.3 Financial Overview 60
11.2.4 SWOT Analysis 61
11.2.5 Key Developments 62
11.3 NEC CORPORATION 63
11.3.1 Key Facts 63
11.3.2 Business Description 63
11.3.3 Financial Overview 64
11.3.4 SWOT Analysis 64
11.3.5 Key Developments 66
11.4 FUJITSU LIMITED 67
11.4.1 Key Facts 67
11.4.2 Business Description 67
11.4.3 Financial Overview 68
11.4.4 SWOT Analysis 68
11.4.5 Key Developments 70
11.5 NOKIA CORPORATION 71
11.5.1 Key Facts 71
11.5.2 Business Description 71
11.5.3 Financial Overview 72
11.5.4 SWOT Analysis 72
11.5.5 Key Developments 74
11.6 HENGTONG GROUP CO., LTD. 75
11.6.1 Key Facts 75
11.6.2 Business Description 75
11.6.3 Financial Overview 75
11.6.4 SWOT Analysis 76
11.6.5 Key Developments 77
11.7 SUMITOMO ELECTRIC INDUSTRIES, LTD. 78
11.7.1 Key Facts 78
11.7.2 Business Description 78
11.7.3 Financial Overview 79
11.7.4 SWOT Analysis 79
11.7.5 Key Developments 81
11.8 NEXANS SA 82
11.8.1 Key Facts 82
11.8.2 Business Description 82
11.8.3 Financial Overview 83
11.8.4 SWOT Analysis 83
11.8.5 Key Developments 85
11.9 PRYSMIAN GROUP 86
11.9.1 Key Facts 86
11.9.2 Business Description 86
11.9.3 Financial Overview 87
11.9.4 SWOT Analysis 87
11.9.5 Key Developments 89
11.10 MITSUBISHI ELECTRIC CORPORATION 90
11.10.1 Key Facts 90
11.10.2 Business Description 90
11.10.3 Financial Overview 91
11.10.4 SWOT Analysis 91
11.10.5 Key Developments 92
12. APPENDIX 94
12.1 ABOUT THE PUBLISHER 94
12.2 GLOSSARY OF TERMS 95
12.3 METHODOLOGY 96
12.3.1 Coverage 96
12.3.2 Secondary Research 96
12.3.3 Primary Research 97
LIST OF TABLES
TABLE 1. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 25
TABLE 2. GLOSSARY OF TERM: SUBMARINE CABLE SYSTEMS MARKET 95
LIST OF FIGURES
FIGURE 1. SUBMARINE CABLE SYSTEMS MARKET, BY APPLICATION, REVENUE (%), 2017 12
FIGURE 2. SUBMARINE CABLE SYSTEMS MARKET, MAINTENANCE & UPGRADE SERVICES ($MN), 2017 & 2027 13
FIGURE 3. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET SEGMENTATION 15
FIGURE 4. ASIA PACIFIC - PEST ANALYSIS 17
FIGURE 5. SUBMARINE CABLE SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 22
FIGURE 6. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 24
FIGURE 7. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 (%) 26
FIGURE 8. ASIA PACIFIC INSTALLATION SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 28
FIGURE 9. ASIA PACIFIC MAINTENANCE & UPGRADE SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 29
FIGURE 10. ASIA PACIFIC SUBMARINE CABLE SYSTEMS MARKET BREAKDOWN, BY APPLICATION, 2017 & 2027 (%) 30
FIGURE 11. ASIA PACIFIC COMMUNICATION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 31
FIGURE 12. ASIA PACIFIC ENERGY & POWER MARKET REVENUE AND FORECASTS TO 2027(US$ MN) 32
FIGURE 13. ASIA PACIFIC SUBMARINE CABLE SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027 (%) 33
FIGURE 14. AUSTRALIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 34
FIGURE 15. CHINA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 37
FIGURE 16. INDIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 38
FIGURE 17. JAPAN SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 43
FIGURE 18. INDONESIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 44
FIGURE 19. SOUTH KOREA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 45
FIGURE 20. MALAYSIA SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 46
FIGURE 21. SINGAPORE SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 47
FIGURE 22. HONG KONG SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 48
FIGURE 23. REST OF APAC SUBMARINE CABLE SYSTEM MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 49
The List of Companies
1. Huawei Marine Networks Co., Limited
2. Subcom, LLC
3. NEC Corporation
4. Fujitsu Limited
5. Nokia Corporation
6. Hengtong Group Co., Ltd.
7. Sumitomo Electric Industries, Ltd.
8. Nexans SA
9. Prysmian Group
10. Mitsubishi Electric Corporation
