European Submarine Cable Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)
- Report Description Table of Contents
Scope of the Report
The report titled “European Submarine Cable Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in-depth analysis of the Europe submarine cable market with description of market sizing and growth. The analysis includes market by value, by end users and by countries. In addition, the report also provides detailed end user and country analysis.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall Europe submarine cable market has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Some of the major players operating in the Europe submarine cable market are Nexans SA, Prysmian SpA, NKT A/S and TFKable Group (JDR Cable Systems), whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the respective companies are also provided.
- Rest of Europe
- Nexans SA
- Prysmian SpA
- NKT A/S
- TFKable Group (JDR Cable Systems)
Submarine cables have turn out to be an essential factor of the digital infrastructure and plays a dynamic role in meeting the insatiable demands for data. Growth in infrastructure developments and technological changes at a progressive rate in the developing economies, raised installation process of various offshore projects. Further, majority of industry verticals are progressing towards digitalization and automation, as a result the demand for better and fast internet connection is augmenting progressively, and hence driving the need for dense cables network, improved networking & network services.
Furthermore, on the basis of end user submarine cable market is segmented into, oil and gas cable, interconnection cable and offshore wind cable.
European submarine cable market has increased at a steady pace over the years and the market is further expected to augment progressively during the forecasted years 2020 to 2024. The market would propel owing to numerous growth drivers such as surging urban population, escalating economic growth, rising smartphone penetration, growing demand for broadband connections and augmenting offshore wind projects.
However, the market faces some challenges which are hindering the growth of the market. Some of the major challenges faced by the industry are interruption risk and regulatory and political risk. Whereas, the market growth would be further supported by various market trends like evolution of 400G wavelength, growth in short length unrepeated submarine cables, etc.