The total demand for submarine cable in Western European countries is estimated to garner a revenue of around US$ 714.8 million in 2024. Over the next ten years, the demand for submarine cable in the region is expected to follow a CAGR of 3.8%. By 2034, the net valuation of Western Europe submarine cable industry is projected to reach US$ 1,034 million.
| Attributes | Details |
|---|---|
| Industry Size of Western Europe in 2024 | US$ 714.8 million |
| Expected Industry Size of Western Europe by 2034 | US$ 1,034 million |
| Forecasted CAGR between 2024 to 2034 | 3.8% |
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Western European companies often have headquarters and activities spread across multiple continents, and dependable communication channels are essential for coordinating their operations. So, maximum corporations rely on underwater connectivity established by submarine cable and are making additional investments to enhance the existing submarine cable communication infrastructure.
Global organizations are increasingly interested in the installation and maintenance of underwater cables due to their favorable oceanic environment as well as geopolitical stability. Anticipated higher investments by foreign underwater communication network service providers are expected to further promote the demand for submarine cable in Western Europe.
Transcontinental data transmission channels between North America, Asia, and Africa primarily pass through Europe due to its strategic location. So, suppliers in Western Europe have experienced higher demand in recent years, driven by the growing need for high-capacity, low-latency submarine cable to a significant extent.
Principal Consultant
The use of solid-filled cables for underwater data transmission as well as power transfer is projected to account for 53.2% of total business in Western Europe in 2024.
| Leading Filling Type for Submarine Cable in Western Europe | Solid filled Cables |
|---|---|
| Total Value Share (2024) | 53.2% |
Given the European countries' dedication to sustainable energy, there is a distinct need for solid-filled submarine cable in the region. Western Europe is a pioneer in renewable energy projects involving offshore wind farms. The transmission of power to onshore systems necessitates vital underwater cabling networks.
According to the survey, the demand for submarine cable in the fiber optic segment is expected to contribute to 50.3% of total sales in Western Europe in 2024.
| Leading Product Type for Submarine Cable in Western Europe | Fiber Optic Cables |
|---|---|
| Total Value Share (2024) | 50.3% |
The expansion of fiber optic cable networks, both overland and underwater, corresponds with the European Union's (EU) lofty targets for its digital agenda. Also, the optic fiber cable business in the region is receiving active assistance from governments and regulatory agencies which is expected to strengthen the segment further.
| Key Countries in Western Europe | Value CAGR (2024 to 2034) |
|---|---|
| Germany | 3.8% |
| United Kingdom | 3.2% |
| Italy | 4.1% |
According to the analysis, the demand for submarine cable in Germany is expected to increase at a 3.8% annual growth rate from 2024 to 2034.
The demand for improved connections in Germany is rising mostly due to the presence of a highly competitive telecom market. German telecom carriers and service providers have increased their investment in submarine cable in adjacent sea channels to remain competitive.
According to the analysis, the adoption of submarine cable in the United Kingdom is projected to develop at a 3.2% CAGR through 2034.
The United Kingdom's long-standing reliance on global maritime routes supports the continued expansion of the submarine cable industry in the country. Additionally, today's need for reliable digital communication channels has encouraged the deployment of modern submarine cable in the country.
The production and use of submarine cable in France are projected to expand at a rate of 4.1% per year between 2024 and 2034.
The growth of the submarine cable manufacturing and distribution industry in France has been accelerated by digital agenda goals with a greater focus on data privacy. Submarine cable aligns with the country's commitment to safeguard public data as they provide a dependable and secure channel for data transfer.
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Industries involved in the manufacturing and distribution of submarine cable in Western Europe face stiff competition from players in China and the United States. However, recent research projects focusing on environmental studies, oceanography, and underwater exploration have improved the scope of regional companies to compete on a global level. On the contrary, the businesses may experience a hard time competing with low-cost submarine cable entering the region from China.
Recent Developments in Submarine Cable Observed in Western Europe
In October 2023, Orange Company announced that its "AMITIE" massive undersea telecommunications cable's new transatlantic route had started operating. After the successful outcome of validation testing and over four years of work between North America and Europe, the cable now provides a secure option to support the second mega-cable, Dunant. It is a robust and high-performing solution for the transatlantic route, with a total length of 6,800 km, 16 fiber pairs, and a maximum bandwidth of 400 Tbps. The project aims to link Bude in England to Le Porge near Bordeaux in France, and Lynn near Boston in the United States.
In July 2023, Portugal expressed interest in hosting a new high-capacity subsea cable to North America to increase internet access between Europe and the United States. The country has earmarked nearly US$ 4 billion for digital transition and innovation initiatives in other domains as well.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 714.8 million |
| Projected Industry Size by 2034 | US$ 1,034 million |
| Anticipated CAGR between 2024 to 2034 | 3.8% CAGR |
| Historical Analysis of Demand for Submarine Cable in Western Europe | 2019 to 2023 |
| Demand Forecast for Submarine Cable in Western Europe | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Adoption of Submarine Cable in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Manufacturers |
| Key Countries Analyzed while Studying Opportunities in Submarine Cable in Western Europe | Germany, Italy, France, Spain, United Kingdom, BENELUX, Rest of Western Europe |
| Key Companies Profiled in the Industry Analysis of Submarine Cable in Western Europe | Alcatel-Lucent Submarine Networks; Ciena Corporation; Fujitsu Network Communications, Inc.; Huawei Marine Networks; NEC Corporation; Nokia Siemens Networks; TE Subsea Connectivity; Xtera Communications; AquaComms; Airtel Submarine Cable Network; Bandwidth Infrastructure Group; Belgacom International Carrier Services; BT Global Services; Deutsche Telekom Global Carrier; FarEasTone Telecommunications; France Telecom Orange; GTT Communications; Hibernia Networks; Infracom; Sparkle (TIM Group); Tata Communications; Telstra; US Telecom; Verizon Business; Vodafone Global Enterprises |
The expected CAGR for the industry in Western Europe through 2034 is 3.8%.
The anticipated demand in Western Europe is estimated to reach US$ 1,034 million by 2034.
The rising demand for quality network connectivity has impacted the regional sales.
Submarine cable manufacturers are focusing on offshore wind mills more nowadays.
Fiber optic cable segment is set to account for 50.3% of overall industry across Western Europe.
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 Country
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Country, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Country, 2024 to 2034
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Spain
8.3.6. Rest of Western Europe
8.4. Market Attractiveness Analysis By Country
9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
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 Region
9.2.1.1. England
9.2.1.2. Scotland
9.2.1.3. Wales
9.2.1.4. Northern Ireland
9.2.2. By Solution
9.2.3. By Filling Type
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Solution
9.3.3. By Filling Type
9.3.4. By End Use
9.4. Key Takeaways
10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
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 Region
10.2.1.1. North-east (Germany)
10.2.1.2. North-west (Germany)
10.2.1.3. Central (Germany)
10.2.1.4. South (Germany)
10.2.1.5. Other(Germany)
10.2.2. By Solution
10.2.3. By Filling Type
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Solution
10.3.3. By Filling Type
10.3.4. By End Use
10.4. Key Takeaways
11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
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 Region
11.2.1.1. North (Italy)
11.2.1.2. Central (Italy)
11.2.1.3. South (Italy)
11.2.1.4. Islands (Italy)
11.2.2. By Solution
11.2.3. By Filling Type
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Solution
11.3.3. By Filling Type
11.3.4. By End Use
11.4. Key Takeaways
12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
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 Region
12.2.1.1. Northern (France)
12.2.1.2. Central (France)
12.2.1.3. Southern (France)
12.2.1.4. Eastern (France)
12.2.2. By Solution
12.2.3. By Filling Type
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Solution
12.3.3. By Filling Type
12.3.4. By End Use
12.4. Key Takeaways
13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
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 Region
13.2.1.1. Basque Country
13.2.1.2. Andalusia
13.2.1.3. Extremadura
13.2.1.4. Catalonia
13.2.1.5. Valencia
13.2.1.6. Rest of Spain
13.2.2. By Solution
13.2.3. By Filling Type
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Solution
13.3.3. By Filling Type
13.3.4. By End Use
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Solution
14.2.2. By Filling Type
14.2.3. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Solution
14.3.2. By Filling Type
14.3.3. By End Use
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Solution
15.3.3. By Filling Type
15.3.4. By End Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABB
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Alcatel Submarine Networks
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hydro Group plc
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. JDR Cable Systems Ltd.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. NKT Cables Group GmbH
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. TE Connectivity Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Prysmian Group
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Nexans S.A.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. J-Power Systems Corporation
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. NEC Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Submarine Cable Industry Analysis in Western Europe
