The demand for submarine cable in Korea is anticipated to reach US$ 132 million by 2034, up from US$ 100.6 million in 2024. It is projected that from 2024 to 2034, the submarine cable demand in Korea is going to develop at a CAGR of 2.8%.
The growing Korean submarine cable industry is anticipated due to the rising need for reliable telecommunications infrastructure and high-speed internet access. The upward outlook for the submarine cable sector is primarily due to significant players' ongoing investments in technology upgrades and expansion plans.
The development of the submarine cable industry is facilitated by Korea's advantageous geographic location, which increases its significance in global data connectivity. Submarine cable technology is going to be essential to maintaining and enabling seamless communication networks as Korea pushes forward with its digital transformation.
The submarine cable industry in Korea is poised to expand because of the introduction of renewable energy sources and the rise in offshore wind farms. It is estimated that Asia Pacific submarine cable vendors are important technology promoters.
| Attributes | Details |
|---|---|
| Demand Analysis (2024) | US$ 100.6 million |
| Demand Forecast (2034) | US$ 132 million |
| CAGR Estimation (2024 to 2034) | 2.8% |
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A rigorous segmentation evaluation of Korea's submarine cables is done in this section, emphasizing the industry's attention to market trends and the expanding need for fiber optic cables segment.
The submarine cable manufacturers in Korea are monitoring these dynamics closely, especially in the solid-filled cables segment, which eclipses the filling type category and shows a significant preference. This information highlights the strategic factors that submarine cable providers must consider when navigating Korea's rapidly changing submarine cable technologies.
The product segment is expected to lead submarine cable sales in the Korean market, surpassing that of the service segment. The fiber optic cables segment's dominance highlights the importance of tangible cable solutions in addressing the expanding need for dependable and durable underwater connectivity infrastructure.
| Segment | Fiber Optic Cables |
|---|---|
| Share | 56.50% |
The trend indicates a deliberate emphasis on innovative and effective cable products that meet the changing demands of the energy and telecommunications industries. The leading position of the fiber optic cables segment indicates preference for innovative solutions, highlighting the critical role of submarine cables in advancing Korea's development.
The superior insulation properties and enhanced reliability of solid filled cables are the main reasons for their dominance in the submarine cables market of Korea. Solid-filled cable are well-known for their longevity and strong resistance to environmental influences, guaranteeing secure data transfer and boosting submarine cable sales in Korea.
| Segment | Solid Filled Cables |
|---|---|
| Share | 57.40% |
Industries prioritize dependable and long-lasting submarine cable solutions for various applications. Solid-filled cables segment have become the preferred option due to their increased resilience and efficiency. This further escalates submarine cable sales within the Korean market.
The demand for submarine cable systems is fragmented in Korea, with many significant market players. Major producers of underwater cables are expanding their manufacturing capabilities to keep up with the rising demand from businesses.
Korea providers of submarine cables are concentrated on providing cutting-edge goods and services to the submerged cable industry. Installing is a task that only a few submarine cable players complete. Submarine cable is in high demand primarily because of the need to transmit large amounts of data.
Recent Developments Observed in Submarine Cable in Korea
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| Attribute | Details |
|---|---|
| Estimated Valuation (2024) | US$ 100.6 million |
| Projected Valuation (2034) | US$ 132 million |
| Anticipated CAGR (2024 to 2034) | 2.8% |
| Historical Analysis of Submarine Cable in Korea | 2019 to 2023 |
| Demand Forecast for Submarine Cable in Korea | 2024 to 2034 |
| Quantitative Units | Revenue in US$ million and CAGR from 2024 to 2034 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Provinces Analyzed while Studying Opportunities in Submarine Cable in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | LS Cable & System; Samsung C&T Corporation; KT Submarine Corporation; Hyundai Heavy Industries (HHI); Nexans; NEC Corporation |
The anticipated CAGR of submarine cable in Korea is 2.8% through 2034.
The submarine cable sales in Korea registered a HCAGR of 1.3% from 2019 to 2023.
Demand for submarine cable in Korea is likely to exceed US$ 132 million by 2034.
The fiber optic cables segment is set to grab a share of 56.5% in 2024.
The solid filled cables segment is on track to seize a share of 57.4% in 2024.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Meter) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Solution, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Solution, 2024 to 2034
5.3.1. Product
5.3.1.1. MVAC
5.3.1.2. HVAC
5.3.1.3. HVDC
5.3.1.4. Loose Tube Type
5.3.1.5. Tight Buffered Type
5.3.1.6. Metal Tube Type
5.3.1.7. Hybrid/Composite Cables
5.3.1.8. Umbilical Cables
5.3.2. Service
5.3.2.1. Consultation and Advisory Services
5.3.2.2. Commissioning and Deployment Services
5.3.2.3. Maintenance and Testing Services
5.3.2.4. Upgrade Services
5.4. Y-o-Y Growth Trend Analysis By Solution, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Solution, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Filling Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Filling Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Filling Type, 2024 to 2034
6.3.1. Oil/Fluid Filled Cables
6.3.2. Solid Filled Cables
6.4. Y-o-Y Growth Trend Analysis By Filling Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Filling Type, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By End Use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By End Use, 2024 to 2034
7.3.1. Oil and Gas
7.3.2. Renewable Energy
7.3.3. Telecommunications
7.3.4. Defence
7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Region, 2024 to 2034
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of Korea
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
9.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Solution
9.2.2. By Filling Type
9.2.3. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Solution
9.3.2. By Filling Type
9.3.3. By End Use
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Solution
10.2.2. By Filling Type
10.2.3. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Solution
10.3.2. By Filling Type
10.3.3. By End Use
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Solution
11.2.2. By Filling Type
11.2.3. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Solution
11.3.2. By Filling Type
11.3.3. By End Use
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Solution
12.2.2. By Filling Type
12.2.3. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Solution
12.3.2. By Filling Type
12.3.3. By End Use
12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Solution
13.2.2. By Filling Type
13.2.3. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Solution
13.3.2. By Filling Type
13.3.3. By End Use
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Solution
14.3.3. By Filling Type
14.3.4. By End Use
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. LS Cable & System Ltd
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Taihan Cable & Solution
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. KT Submarine
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. ABB
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Alcatel Submarine Networks
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Corning Incorporated
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Huawei Marine Networks Co., Limited
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Hydro Group plc
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. JDR Cable Systems Ltd.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. J-Power Systems Corporation
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Submarine Cable Industry Analysis in Korea
