QYResearch, a US market research organization, recently released a report on the submarine fiber-optic cable market. According to the report, the annual compound growth rate of global submarine fiber-optic cables is about 4% from 2018 to 2025.
2018-2025 global submarine cable market annual compound increase of 4%
The report pointed out that the global submarine fiber optic cable market demand in 2017 is 2.67 billion US dollars, and this data is expected to increase to 3.66 billion US dollars by 2025.hot application filling gel
Submarine fiber optic cables (also known as submarine communication cables) are cable-like components but contain one or more fibers that carry data capacity. Submarine fiber is laid on the seabed to establish telecommunications between countries and between islands.aluminum overhead conductor grease
Alcatel-Lucent is currently the global leader in submarine fiber optic cable projects, with a 26.18% market share in 2016. In 2016, the global submarine fiber optic cable consumer market is headed by Europe and is the largest regional consumer market, accounting for 25.53% of the market.
The growth in global submarine cable demand is mainly due to the increase in demand in the deep sea region, which accounts for 76.65% of the total downstream consumption of the global submarine cable.
From the perspective of enterprises, Alcatel-Lucent, Prysmian, Nexans, TE Subcom, Japan NEC, Corning Cable, Hengtong Optoelectronics, Fujikura Cable, CommScope Cable, Zhongtian Submarine Cable and Belden Cable will become the world's leading submarine Fiber optic cable technology supplier.water absorbing cable filling gel