Submarine Cable System Companies – SubCom, Nexans, NEC Corporation

The Submarine Cable System market focuses on analyzing the competitive landscape of key industry players, examining their recent innovations, and evaluating their market strategies. It aims to offer insights into growth opportunities and market positioning within the sector. It also seeks to identify emerging trends and challenges affecting company performance in the Submarine Cable System industry.

The Submarine Cable System Market encompasses a comprehensive analysis of key industry players, focusing on their innovative product offerings and strategic market positioning. It includes detailed company profiles, emphasizing their competitive advantages and contributions to the market.

Submarine Cable System Market was valued at USD16.23 Bn in 2023. The global Submarine Cable System Market is expected to grow at a CAGR of 11.3% through the forecast period and reach USD 35.43 Bn. by 2030 The submarine cable system market strong competition among key players striving to meet the growing demand for high-speed data transmission and global connectivity. Major companies such as SubCom, Nexans, and NEC Corporation dominate the landscape, leveraging their extensive technological expertise and infrastructure capabilities. These firms are engaged in continuous innovation to enhance cable performance and reliability, while also expanding their global networks to cater to increasing data traffic and emerging markets. Also, there is a prominent presence of new entrants and regional players seeking to capitalize on position opportunities and specialized services. The competitive dynamics are further shaped by strategic partnerships, joint ventures, and mergers aimed at optimizing operational efficiency and market reach. As digital transformation accelerates and data consumption surges, the submarine cable system market remains highly competitive, with ongoing investments in advanced technologies and infrastructure development. SubCom SubCom is a leading player in the submarine cable system market, specializing in the engineering, manufacturing, and deployment of advanced subsea data systems. SubCom, in partnership with Telecom Egypt and the India-Europe-Xpress (IEX) consortium, announced the successful completion of the IEX subsea system's landings in Egypt. This new cable system, which connects Mumbai, India to Milan, Italy, spans 10,000 km and includes cutting-edge technologies such as space-division multiplexing (SDM) and Wavelength Selective Switch (WSS) ROADM. SubCom's role in this project involved delivering high-capacity transmission solutions with 13 fiber pairs in each segment, enhancing global digital connectivity and meeting rising data demands. Their expertise in deploying state-of-the-art technology and managing complex logistics underscores their significant impact on the global submarine cable system market. Nexans Nexans is a prominent player in the submarine cable system market, known for its comprehensive solutions in subsea cabling. The company specializes in designing and manufacturing high-performance submarine cables for various applications, including telecommunications and offshore energy projects. Nexans leverages advanced technologies such as high-voltage direct current (HVDC) cables and fiber optic cables to enhance data transmission and electrical efficiency. Their strategic focus includes investing in R&D to develop innovative products and solutions that meet evolving market demands. Recent initiatives involve expanding their production capabilities and collaborating with global partners to strengthen their market presence. Nexans also emphasizes sustainability, aiming to reduce environmental impact through eco-friendly practices and materials. These strategies position Nexans as a key contributor to the advancement of submarine cable infrastructure global. NEC Corporation NEC Corporation is a major player in the submarine cable system market, specializing in the design and deployment of high-capacity and reliable subsea communication systems. The company’s innovations include advanced optical transmission technologies and high-performance submarine cable solutions that enhance data speed and network resilience. NEC’s strategy focuses on integrating cutting-edge technologies, such as high-speed optical amplifiers and low-latency systems, to meet the growing demand for global connectivity. The company also emphasizes strategic partnerships and collaborative projects to expand its market footprint and drive technological advancements in subsea infrastructure.

Recent Development in the Submarine Cable System Market

• In April 2024, NEC Corporation a leading global IT and network transformation services provider, launched a new User Plane Function (UPF) product for telecom operators that are used to process user data traffic in 5G core networks. Offering an enhanced built-in Deep Packet Inspection function enabling visualization of communications quality and the collection of traffic data, an interface for external exposure that provides data to external systems (external analyzers) for deep analysis, and multi-platform compatibility, the new UPF contribute to building the flexible, high-value-added networks for the Beyond 5G/6G era.

• In August 29, 2024, Nexans invested 15 million euros in its historical plant in Bourg-en-Bresse to increase itsproduction of low-carbon medium-voltage cables, in order to support growth in electrification requirements in France and in Western Europe.

1. Submarine Cable System Market Competition Matrix 1.1. Market Structure 1.1.1. Market Leaders 1.1.2. Market Followers 1.1.3. Emerging Players 2. Competitive Benchmarking of key players 3. Mergers and Acquisition in Submarine Cable System Market from 2014 to 2024 4. SWOT Analysis of Key Players 5. Submarine Cable System Market Company Profile: Key Players 5.1. SubCom • Company Overview • Financial Overview • Product Portfolio • Business Strategy • Recent Developments • Development Footprint 5.2. Nexans 5.3. Prysmian 5.4. NorddeutscheSeekabelwerke GmbH 5.5. NKT 5.6. Hesfibel 5.7. TE Connectivity 5.8. Corning Inc. 5.9. Nokia 5.10. TFKable 5.11. Hexatronic 5.12. NEC Corporation 5.13. Huawei Marine 5.14. ZTT 5.15. Hengtong 5.16. The Okonite Company 5.17. Sumitomo Electric 5.18. FUJITSU 5.19. Apar Industries Ltd 5.20. Saudi Ericsson 5.21. Others Key Players 6. Key Findings