APAC Submarine Cable System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service (Installation Services and Maintenance & Upgrade Services); by Application (Grid Interconnection, Offshore Wind Power, and Communication)
The APAC submarine cable system market is expected to grow from US$ 235.85 million in 2021 to US$ 546.78 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Market Introduction
Submarine cables are laid using ships that are modified specifically for this purpose, transporting, and laying the “wet plant” infrastructure slowly and precisely on the seabed. These special ships can carry thousands of kilometers of optical cables through the sea. Once the desired route is finalized, specialist ships begin the work of laying the cable, which is dropped to the ocean floor. Since their installation, submarine cables have been an important part of the communications infrastructure. The future trends in adopting optical submarine cable systems are expected to enhance the network configuration flexibility and transmission capacity. Developments in technology for configuring the mesh network are expected to be a crucial factor in the enhancement of network configuration flexibility.
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Market Overview and Dynamics
The major stakeholders in the APAC submarine cable system market analysis ecosystem include service providers and end-users. The service providers are the companies engaged in supplying and installation of submarine power cables, it also provides offering desktop study, marine route survey, permitting, cable procurement, civil construction at each cable landing site, vessel logistics, and submarine cable deployments, and maintenance services for submarine cable systems. Thus, wide scope demand for submarine cable systems in the APAC submarine cable system market is anticipated to positively influence the services APAC submarine cable system market for submarine cable systems.
The energy sector in the Asia Pacific is experiencing a transitional shift toward adopting renewable and green energy owing to factors such as the APAC submarine cable system market growth initiatives to reduce carbon emissions, fossil fuel depletion, and climate change. Various government policies support the adoption of green, sustainable, and low-carbon energy. Offshore wind farms play a major role in the quest to increase the use of renewables and reduce their carbon footprint. The wind energy sector in Asia-Pacific is set for rapid expansion and could make up nearly a quarter of the power capacity mix. Thus, regulatory support followed by significant initiatives for incorporating clean energy propels the adoption of offshore wind energy, which increases the installation of submarine cable systems across APAC. Thus, the regulatory framework for the promotion of offshore wind power drives the APAC submarine cable system market growth.
The growing adoption of technologies, such as the Internet of Things (IoT), virtual and augmented reality, and 5G network, in the Asia Pacific, augment the demand for interconnection bandwidth. Among various industries, Cloud and IT services are expected to consume the most interconnection bandwidth, reaching 914 Tbps in the Asia-Pacific region. As per the Global Interconnection Index (GXI) study published by Equinix, interconnection bandwidth in Asia-Pacific is expected to grow at a CAGR of 56% to exceed 3,825 Tbps by 2022, contributing 29% of the global capacity. In addition, as per the study conducted by Ciena, a network specialist, Singapore and Korea have the fastest data centers in the region with more than two in five boasting networks with connections faster than 1Gbps to enterprise customers. This bandwidth is needed to enable next-generation technologies, such as virtualization, cloud, security, business continuity/disaster recovery, and mobility. Thus, the adoption of high bandwidth due to the emergence of the 5G network is expected to fuel the APAC submarine cable system market growth during the forecast period.
NEC Corporation, S. B. Submarine Systems Co., Ltd., SubCom, LLC, NTT WORLD ENGINEERING MARINE CORPORATION, and Alcatel Submarine Networks are among the key APAC submarine cable system market players profiled in the research study.
Impact of COVID-19 Pandemic on APAC Submarine Cable System Market
The global COVID-19 crisis drastically affected APAC countries, namely China, India, and Japan, especially in 2020. The consequent enactment of lockdown measures and the slowdown of manufacturing industries in these countries has led to a slowdown in the production of submarine cables. The submarine power cable installation capacity plummeted by ~3–4% in 2020 compared with the previous year, while the number of oil and gas rigs had fallen down significantly in the APAC submarine cable system market. A halt in the international movements and a temporary shutdown of factories and businesses were the other consequences of the COVID-19 pandemic. The shuttering of manufacturing factories did not have any immediate impact on global connectivity, but it pushed back the deployment of new systems. However, in 2021 and later, the APAC submarine cable system market is expected to start recovering from the impact of COVID-19 with the resumption of projects for renewable energy grids and communication networks.
The telecom industry is recovering at a faster pace from the diversities it faced during the early months of the global crisis owing to the rising number of internet users and growing inclination toward digital economies. The Asia Pacific has several island and archipelago countries—such as Indonesia, the Philippines, Japan, Singapore, and Australia—and coastal countries—including Malaysia, Thailand, Vietnam, Cambodia, and South Korea—which highlights the need for establishing suitable connectivity in the region. Thus, such growth prospects to enable effective connectivity between nations and ensure the future growth of digital economies are the prominent factors driving the growth of the submarine cable system market size in the APAC Submarine Cable System Market.
Key Market Segments
The APAC submarine cable system market share, based on service is segmented into installation services and maintenance & upgrade services. The installation services segment accounted for a larger share of the APAC submarine cable system market in 2020. The cable installation process includes landing cables onshore and laying across the ocean or body of water until reaching the other side. The cable handling and monitoring are crucial factors during the cable laying process as the cable can be damaged if the minimum bending radius, actual strain, or other limits are not carefully observed during installation in the APAC submarine cable system market. Submarine cable installations are expensive and highly engineered operations executed by large construction vessels in extremely harsh environments. Submarine cables comprise two key components, including optical fibers that carry the data and a conductive material that transmits the current used to feed the optical amplifiers located along the subsea cable. Additionally, cables are coated with several layers of protective materials to guard and protect them against water and corrosion in APAC Submarine Cable System Market.
Based on application, the APAC submarine cable system market is segmented into grid interconnection, offshore wind power, and communication segment. The grid interconnection segment is sub-segmented into the installation services in APAC Submarine Cable System Market and maintenance and upgrades services market. The offshore wind power segment is sub-segmented into the installation services market and maintenance and upgrades services market. The communication segment is sub-segmented into the installation services market and maintenance and upgrades services. The communication segment accounted for the largest share in the APAC submarine cable system market size in 2020.
Major Sources and Companies Listed
The key players operating in the APAC submarine cable system market include NEC Corporation, Alcatel Submarine Networks, S. B. Submarine Systems Co., Ltd., HMN Technologies Co., Ltd., ASEAN Cableship Pte Ltd., SubCom, LLC, OMS Group Sdn Bhd., PT LIMIN MARINE & OFFSHORE, Dagang NeXchange Berhad, Kokusai Cable Ship Co., Ltd., NTT WORLD ENGINEERING MARINE CORPORATION and among others. Various other companies operating in the APAC submarine cable system market are coming up with new technologies and offerings which are helping the APAC submarine cable system market for submarine cable systems to expand over the years in terms of revenue.
Reasons to Buy Report
- To understand the APAC submarine cable system market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the APAC submarine cable system market.
- To efficiently plan M&A and partnership deals in the APAC submarine cable system market by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments of the APAC submarine cable system market.
- To obtain revenue forecast for the market by various segments from 2020 to 2028 in US$.
APAC Submarine Cable System Market Segmentation
APAC Submarine Cable System Market – by Service
- Installation Services
- Maintenance and Upgrade Service
APAC Submarine Cable System Market – by Application
- Grid Interconnection
- Offshore Wind Power
- Communication
APAC Submarine Cable System Market - Companies Mentioned
- NEC Corporation
- Alcatel Submarine Networks
- S. B. Submarine Systems Co., Ltd.
- HMN Technologies Co., Ltd.
- ASEAN Cableship Pte Ltd.
- SubCom, LLC
- OMS Group Sdn Bhd.
- PT LIMIN MARINE & OFFSHORE
- Dagang NeXchange Berhad
- Kokusai Cable Ship Co., Ltd.
- NTT WORLD ENGINEERING MARINE CORPORATION
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Submarine Cable System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Submarine Cable Systems Market –APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Submarine Cable System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth in Offshore Wind Power Capacity from Asia Pacific
5.1.2 Increase in Grid Connectivity
5.2 Market Restraints
5.2.1 Environmental Regulations
5.3 Market Opportunities
5.3.1 Rise in Demand for Content Providers
5.4 Market Trends
5.4.1 Surge in Demand for Bandwidth Due to Emergence of 5G
5.5 Impact Analysis of Drivers and Restraints
6. APAC Submarine Cable Systems – Global Market Analysis
6.1 APAC Submarine Cable Systems Overview
6.1.1 Japan
6.1.2 Singapore
6.1.3 Philippines
6.1.4 India
6.1.5 Taiwan
6.2 APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. APAC Submarine Cable System Market Analysis – By Service
7.1 Overview
7.2 APAC Submarine Cable System Market, By Service (2020 and 2028)
7.3 Installation Services
7.3.1 Overview
7.3.2 Installation Services: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Maintenance & Upgrade Services
7.4.1 Overview
7.4.2 Maintenance & Upgrade Services: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8. APAC Submarine Cable System Market Analysis – By Application
8.1 Overview
8.2 APAC Submarine Cable System Market, By Application (2020 and 2028)
8.3 Grid Interconnection
8.3.1 Overview
8.3.2 Grid Interconnection: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million
8.3.2.1 Installation Services Market
8.3.2.1.1 Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.2 Maintenance and Upgrade Services Market
8.3.2.2.1 Maintenance and Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Offshore Wind Power
8.4.1 Overview
8.4.2 Offshore Wind Power: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.4.2.1 Installation Services Market
8.4.2.1.1 Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.4.2.2 Maintenance And Upgrade Services Market
8.4.2.2.1 Maintenance And Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Communication
8.5.1 Overview
8.5.2 Communication: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.5.2.1 Installation Services Market
8.5.2.1.1 Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
8.5.2.2 Maintenance And Upgrade Services Market
8.5.2.2.1 Maintenance And Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
9. APAC: APAC Submarine Cable System Market, by Key Country
9.1.1.1 India: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 India: APAC Submarine Cable System Market, By Service
9.1.1.1.2 India: APAC Submarine Cable System Market, by Application
9.1.1.1.3 India: APAC Submarine Cable System Market, by Communication
9.1.1.2 Indonesia: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Indonesia: APAC Submarine Cable System Market, By Service
9.1.1.2.2 Indonesia: APAC Submarine Cable System Market, by Application
9.1.1.2.3 Indonesia: APAC Submarine Cable System Market, by Communication
9.1.1.3 Malaysia: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Malaysia: APAC Submarine Cable System Market, By Service
9.1.1.3.2 Malaysia: APAC Submarine Cable System Market, by Application
9.1.1.3.3 Malaysia: APAC Submarine Cable System Market, by Communication
9.1.1.4 Philippines: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Philippines: APAC Submarine Cable System Market, By Service
9.1.1.4.2 Philippines: APAC Submarine Cable System Market, by Application
9.1.1.4.3 Philippines: APAC Submarine Cable System Market, by Communication
10. APAC Submarine Cable System Market- COVID-19 Impact Analysis
10.1 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 NEC Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.1.7 Key Strategies
12.1.8 Vessel and Equipment
12.2 S. B. Submarine Systems Co., Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.2.7 Key Strategies
12.2.8 Vessel and Equipment
12.3 HMN Technologies Co., Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.3.7 Key Strategies
12.3.8 Vessel and Equipment
12.4 ASEAN Cableship Pte Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.4.7 Key Strategies
12.4.8 Vessel and Equipment
12.5 SubCom, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.5.7 Key Strategies
12.5.8 Vessel and Equipment
12.6 OMS Group Sdn Bhd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.6.7 Key Strategies
12.6.8 Vessel and Equipment
12.7 PT Limin Marine & Offshore
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.7.7 Key Developments
12.7.8 Vessel and Equipment
12.8 Dagang NeXchange Berhad
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.8.7 Key Strategies
12.8.8 Vessel and Equipment
12.9 okusai Cable Ship Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.9.7 Key Strategies
12.9.8 Vessel and Equipment
12.10 NTT WORLD ENGINEERING MARINE CORPORATION
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.10.7 Key Strategies
12.10.8 Vessel and Equipment
12.11 Alcatel Submarine Networks
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.11.7 Strategic Insights
12.12 FiberHome
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.12.7 Key Strategies
12.12.8 Vessel and Equipment
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. India: APAC Submarine Cable System Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 2. India: APAC Submarine Cable System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. India: APAC Submarine Cable System Market, by Communication – Revenue and Forecast to 2028 (US$ Million)
Table 4. Indonesia: APAC Submarine Cable System Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 5. Indonesia: APAC Submarine Cable System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Indonesia: APAC Submarine Cable System Market, by Communication – Revenue and Forecast to 2028 (US$ Million)
Table 7. Malaysia: APAC Submarine Cable System Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 8. Malaysia: APAC Submarine Cable System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Malaysia: APAC Submarine Cable System Market, by Communication – Revenue and Forecast to 2028 (US$ Million)
Table 10. Philippines: APAC Submarine Cable System Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Submarine Cable System Market Segmentation
Figure 2. APAC Submarine Cable System Market Segmentation – By Regional
Figure 3. APAC Submarine Cable System Market Overview
Figure 4. APAC Submarine Cable System Market – Service Analysis
Figure 5. APAC Submarine Cable System Market – Application Analysis
Figure 6. APAC - PEST Analysis
Figure 7. APAC Submarine Cable System Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Submarine Cable System Market Impact Analysis of Drivers and Restraints
Figure 10. Cable Landing Stations in Japan
Figure 11. Cable Landing Stations in Singapore
Figure 12. Cable Landing Stations in the Philippines
Figure 13. List of submarine cables landing in India
Figure 14. Cable Landing Stations in Taiwan
Figure 15. Global: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Submarine Cable System Market Revenue Share, By Service (2020 and 2028)
Figure 17. Installation Services: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Maintenance & Upgrade Services: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. APAC Submarine Cable System Market Revenue Share, by Application (2020 and 2028)
Figure 20. Grid Interconnection: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Maintenance and Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Offshore Wind Power: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Maintenance And Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Communication: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Installation Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Maintenance And Upgrade Services Market: APAC Submarine Cable System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. APAC: APAC Submarine Cable System Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. India: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Indonesia: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Malaysia: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Philippines: APAC Submarine Cable System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
The List of Companies - APAC Submarine Cable System Market
- NEC Corporation
- Alcatel Submarine Networks
- S B Marine Systemso. Ltd.
- HMN Technologies Co., Ltd.
- ASEAN Cableship Pte Ltd.
- SubCom, LLC
- OMS Group Sdn Bhd.
- PT LIMIN MARINE & OFFSHORE
- Dagang NeXchange Berhad
- Kokusai Cable Ship Co.,Ltd.
- NTT WORLD ENGINEERING MARINE CORPORATION
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