The Mediterranean Submarine Communication Cable industry is expected to reach USD 1,655.11 million in 2023. Over the projection period, the submarine communication cable industry is set to exhibit a 10.1% CAGR. It is estimated to reach a value of USD 5,445.86 million by 2033.
| Attributes | Key Insights |
|---|---|
| Base Value (2022) | USD 1,498.20 million |
| Estimated Mediterranean Submarine Communication Cable Industry Size (2023) | USD 1,655.11 million |
| Projected Mediterranean Submarine Communication Cable Revenue (2033) | USD 5,445.86 million |
| Value-based CAGR (2023 to 2033) | 10.1% |
Submarine communication cables serve a crucial purpose in society by providing internet connection between countries and continents that are separated by seas and oceans. These submarine cables are the backbone of the internet that is used today.
Submarine cables are set to transmit data using fiber-optic technology, carrying information as light pulses through thin glass strands. This allows for high-speed and high-capacity data transmission, making it possible to transfer vast amounts of information quickly and efficiently.
Renowned over-the-top (OTT) media services and communication providers are spearheading growth. Growth in the installation of data centers across Morocco and Egypt is also driving the submarine cable industry.
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From 2018 to 2022, the submarine communication cable industry experienced a CAGR of 10.0%, reaching a size of USD 1,655.11 million in 2023. The demand for submarine communication cables in the Mediterranean region were influenced by several factors from 2018 to 2022.
Factors such as the increasing reliance on digital communication, growing data traffic, and internet connectivity expanded the demand for submarine cables to facilitate efficient and high-capacity data transmission.
Undersea Fiber Optic Cables Industry Outlook from 2023 to 2033
The submarine communication cable industry is expected to rise at a decent CAGR of 10.1% from 2023 to 2033. The continued proliferation of digital technologies, deployment of 5G networks, and increasing demand for reliable & high-speed internet connectivity are contributing to a sustained or even heightened need for submarine cable infrastructure.
Geopolitical and economic factors are expected to influence investment in such infrastructure during the forecast period. Additionally, technological advancements and the emergence of new communication protocols are shaping the landscape of submarine cable deployment.
The table presents the expected CAGR for Mediterranean submarine communication cable industry over several semi-annual periods spanning from 2022 to 2033. In the first half (H1) of the decade from 2022 to 2032, the industry is predicted to surge at a CAGR of 10.1%, followed by a slightly higher growth rate of 10.2% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2023 to H2 2033, the CAGR is projected to surge slightly to 12.4% in the first half and remain relatively moderate at 12.5% in the second half.
| Particular | Value CAGR |
|---|---|
| H1 | 10.1% (2022 to 2032) |
| H2 | 10.2% (2022 to 2032) |
| H1 | 12.4% (2023 to 2033) |
| H2 | 12.5% (2023 to 2033) |
The below table shows the estimated growth rates of key countries in Mediterranean. Among these, Turkiye, Egypt, and Spain are set to record high CAGRs of 14.4%, 13.4%, and 12.6%, respectively, through 2033.
| Countries | Value CAGR |
|---|---|
| Spain | 12.6% |
| Italy | 10.3% |
| Turkiye | 14.4% |
| Egypt | 13.4% |
| Greece | 8.5% |
| Portugal | 4.2% |
Italy's submarine communication cable industry is expected to surge at a CAGR of 10.3% in the assessment period.
The submarine communication cable industry in Spain is expected to rise at a CAGR of 12.6% during the forecast period.
The submarine communication cable industry in France is estimated to expand at a CAGR of 10.9% through 2033.
Turkiye is estimated to surge at a CAGR of 14.4% during the forecast period.
Through strategic investments and forward-looking initiatives, Turkiye is positioning itself as a key player, meeting the growing demands of modern communication and contributing to the overall advancement of the industry.
The below table shows the estimated growth rates of key countries in Mediterranean. Among these, Turkiye, Egypt, and Spain are set to record high CAGRs of 14.4%, 13.4%, and 12.6%, respectively, through 2033.
| Countries | Value CAGR |
|---|---|
| Spain | 12.6% |
| Italy | 10.3% |
| Turkiye | 14.4% |
| Egypt | 13.4% |
| Greece | 8.5% |
| Portugal | 4.2% |
Italy's submarine communication cable industry is expected to surge at a CAGR of 10.3% in the assessment period.
The submarine communication cable industry in Spain is expected to rise at a CAGR of 12.6% during the forecast period.
The submarine communication cable industry in France is estimated to expand at a CAGR of 10.9% through 2033.
Turkiye is estimated to surge at a CAGR of 14.4% during the forecast period.
Through strategic investments and forward-looking initiatives, Turkiye is positioning itself as a key player, meeting the growing demands of modern communication and contributing to the overall advancement of the industry.
Key players are focusing on providing tailored submarine communication cable solutions to meet the specific needs of their clients. This approach allows companies to have data infrastructure that aligns perfectly with their requirements, ensuring efficiency and cost-effectiveness.
Network expansion is another vital strategy, as key players extend their submarine cable networks across continents, establishing a comprehensive and interconnected infrastructure.
Continuous investment in submarine cable infrastructure remains a focal point, ensuring these companies possess state-of-the-art networks that meet the escalating demand for high-speed and reliable communication services in the Mediterranean.
Product Innovation
Companies are investing in research & development to create cutting-edge submarine communication cable solutions that offer improved efficiency, security, and scalability. They constantly evolve their offerings to meet the changing needs of companies in the Mediterranean, incorporating technologies such as AI, cloud integration, and sustainable energy solutions.
Strategic Partnerships and Collaborations
Companies form strategic partnerships and collaborations with other technology companies, cloud service providers, and local companies. These alliances allow them to leverage each other's strengths and provide comprehensive solutions to customers.
Expansion
The Mediterranean submarine communication cable industry is growing, and vendors often expand into emerging regional sectors. This diversification allows them to tap into new customer bases and support companies with submarine communication cable services in emerging economies.
Mergers and Acquisitions
Companies in the submarine communication cable industry are implementing mergers and acquisitions to expand their offerings and acquire new technologies and customer bases. Vendors acquire smaller submarine communication cable companies to expand their presence or merge with competitors to consolidate their position. These strategic moves help vendors gain a larger industry share and access new capabilities.
Key Developments
| Attribute | Details |
|---|---|
| Estimated Value (2023) | USD 1,655.11 million |
| Projected Value (2033) | USD 5,445.86 million |
| Anticipated Growth Rate (2023 to 2033) | 10.1% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD million) and Volume (million tons) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Cable Type, Installation, Application, Region |
| Key Countries Covered | France, Spain, Italy, Greece, Morocco, Turkiye, Egypt, Portugal, Rest of Mediterranean Countries |
| Key Companies Profiled | Medusa Submarine Cable System; Telecom Italia Sparkle; Telecom Egypt; Elettra Tlc; AFR-IX Telecom; Unitirreno; Tata Communications; Altice Portugal; Orange; Aqua Comms |
The industry is set to reach USD 1,655.11 million in 2023.
Demand in the Mediterranean is slated to expand at a 13.4% CAGR through 2033.
The target industry is set to reach USD 5,445.86 million in 2033.
The industry exhibited a 10.0% CAGR from 2018 to 2022.
The telecommunication segment is expected to garner a significant value share by 2023.
Orange, Telecom Italia Sparkle, and Telecom Egypt are the key players.
1. Executive Summary 2. Industry Overview 3. Pricing Analysis 4. Industry Demand (in Value in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Background 6. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Cable Type 6.1. Optical Fiber Cables 6.1.1. Light Weight (LW) 6.1.2. Light Weight Protection (LWP) 6.1.3. Light Weight Armor (LWA) 6.1.4. Single Armor (SA) 6.1.5. Double Armor (DA) 6.2. Power Cables 6.2.1. MVAC Cable 6.2.2. HVAC Cable 6.2.3. HVDC Cable 6.3. Subsea Umbilical Cables 6.4. Subsea Composite Cables 6.5. Other 7. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Installations 7.1. New Installations 7.2. Upgradation/Retrofit 8. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 8.1. Telecommunication 8.2. Oil and Gas 8.3. Power Transmission 8.4. Military and Defense 8.5. Renewable Energy 8.6. Others 9. Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Countries 9.1. France 9.2. Spain 9.3. Italy 9.4. Greece 9.5. Morocco 9.6. Turkiye 9.7. Egypt 9.8. Portugal 9.9. Rest of Countries 10. France Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Spain Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Italy Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Greece Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Morocco Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Turkiye Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Egypt Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Portugal Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Rest of Countries Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Structure Analysis 20. Competition Analysis 20.1. Medusa Cable System 20.2. Telecom Italia Sparkle 20.3. Telecom Egypt 20.4. Elettra Tlc 20.5. AFR-IX Telecom 20.6. Unitirreno 20.7. Tata Communications 20.8. Altice Portugal 20.9. Orange 20.10. Aqua Comms 21. Assumptions and Acronyms Used 22. Research Methodology
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Submarine Communication Cable Industry Analysis in the Mediterranean
