Global Submarine Cable Infrastructure Market Size, Share, and COVID-19 Impact Analysis, By Component (Dry Plant Equipment, and Wet Plant Equipment), By Application (Communication Cable, and Power Transmission), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Submarine Cable Infrastructure Market Insights Forecasts to 2035

• The Global Submarine Cable Infrastructure Market Size Was Estimated at USD 17.96 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 10.22% from 2025 to 2035
• The Worldwide Submarine Cable Infrastructure Market Size is Expected to Reach USD 52.40 Billion by 2035
• North America is expected to grow the fastest during the forecast period.

The global submarine cable infrastructure market size was worth around USD 17.96 billion in 2024 and is predicted to grow to around USD 52.40 billion by 2035 with a compound annual growth rate (CAGR) of 10.22% from 2025 and 2035. Expanding intercontinental connectivity, offshore wind energy transmission, fiber-optic developments, cloud-based data centers, 5G network expansion, and government-backed digital infrastructure projects are some of the opportunities that the submarine cable infrastructure market.  

Market Overview

The global industry devoted to the development, installation, and upkeep of underwater cable systems for power transmission and telecommunications is known as the submarine cable infrastructure market. These cables help industries including internet services, renewable energy, and international trade by enabling high-speed data transfer, transcontinental connectivity, and offshore energy distribution. Efficiency and dependability are improved by technological developments in fiber optics and cable durability.  Increased data usage, the increase of cloud computing, and offshore wind energy projects are the main drivers of market expansion.

The market's growth is further aided by rising investments in cross-border communication and network resilience, which guarantee uninterrupted worldwide connectivity. Global offshore wind management project investments are fueling the expansion of the submarine cable infrastructure market. The demand for high-capacity, low-latency communications has increased in tandem with the rise in internet usage, cloud services, and video streaming; this is that there is a greater investment in submarine cable infrastructure market.

Report Coverage

This research report categorizes the submarine cable infrastructure market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the submarine cable infrastructure market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the submarine cable infrastructure market. 

Driving Factors

Rising data consumption, the growth of cloud computing, offshore wind energy projects, fiber optic technology improvements, cross-border electricity transmission, and growing expenditures in global connectivity are the main factors driving the submarine cable infrastructure market. The need for reliable connections across regions is growing due to cross-border trade and the globalization of the digital trade sector, which is driving the submarine cable infrastructure market. Rising offshore renewable energy generation projects and the quick rollout of 5G internet services in developing nations are the main drivers of the submarine cable infrastructure market.   

Restraining Factors

High installation and maintenance costs, environmental issues, complicated regulations, geopolitical dangers, and technology constraints all pose constraints for the submarine cable infrastructure market, which hinders operational efficiency, investment viability, and worldwide connection.  

Market Segmentation

The submarine cable infrastructure market share is classified into component and application. 

• The dry plant equipment segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the component, the submarine cable infrastructure market is divided into dry plant equipment and wet plant equipment. Among these, the dry plant equipment segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The dry plant type has grown as a result of factors like the use of smart cables and more aluminum conductors. Submarine line terminal equipment, power feeding equipment, and land cables make up the dry plant portion.

• The communication cable segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the submarine cable infrastructure market is divided into communication cable and power transmission. Among these, the communication cable segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Seawater's simple absorption of radio waves and the dependability of sending a greater capacity of international data are the main drivers of the communication cable segment's continuous growth.

Regional Segment Analysis of the Submarine Cable Infrastructure Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the submarine cable infrastructure market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the submarine cable infrastructure market over the predicted timeframe. Asia Pacific region organized wind energy projects in large nations, including China, Japan, and India, have increased. The biggest contributor to the market is China as a result of its increasing industrial spending, and Japan is expected to dominate during the projection period. The market's expansion is aided by the existence of significant players in the Asia Pacific region. Offshore wind power generation is also becoming a prominent market segment and is a major contributor to industry expansion. Growth is further fueled by the presence of significant technology players and growing tendencies in digitalization in the Asia Pacific region. 

North America is expected to grow at a rapid CAGR in the submarine cable infrastructure market during the forecast period. The North American market is expanding as a result of the quick adoption of cloud-based services. The market's expansion in North America is also being propelled by the installation of intelligent submerged cable networks. The growing demand for high-speed data transmission, growing investments in offshore wind projects, and developing cloud computing infrastructure are expected to propel the North American submarine cable infrastructure market's rapid growth.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the submarine cable infrastructure market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nexans S.A.
• Saudi Ericsson
• The Okonite Company
• TE Connectivity
• Prysmian Group
• Apar Industries
• Hengtong Group Co
• Cablel Group
• NEC Corporation
• JDR Cable System Ltd
• SubCom LLC
• Alcatel Submarine Networks
• Tele-fonika Kable
• Corning Incorporated
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In July 2022, To link Australasia and the US, Southern Cross Cables launched the Southern Cross NEXT Submarine Cable. Connecting the people and communities of Australia, New Zealand, and the Pacific Islands to the rest of the globe will be made possible by the submarine cable. Southern Cross and Ciena worked together to put the NEXT submarine cable into service. 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the submarine cable infrastructure market based on the below-mentioned segments:  

Global Submarine Cable Infrastructure Market, By Component

• Dry Plant Equipment
• Wet Plant Equipment

Global Submarine Cable Infrastructure Market, By Application

• Communication Cable
• Power Transmission

Global Submarine Cable Infrastructure Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa