Research and Markets recently released a report on the Asia-Pacific Undersea Fiber Optic Cable Market, including data on cable design, by end-use industry, insulation type, and country, plus forecast and opportunities. According to the report, the market was valued at $1.34 billion in 2021, and is expected to project robust growth during the forecast period (through 2027), registering a compound annual growth rate of 16.43 percent.
Undersea fiber optic cable transmits secure telecommunication signals across long lengths across the ocean floor. The thin cables provide extremely high-capacity, highly dependable, and secure communication connectivity between various nations worldwide. According to Research and Markets, this mode of data transmission has “noticeably superior” quality versus a satellite signal.
As 5G is deployed and users connect more devices to the network, it’s estimated that “longer battery life, reduced latency, faster data rates, and ultra-high dependability” will become the performance indicators, calling for denser, fiber-rich network architecture. Telecom leaders are using underwater fiber optic cable to accommodate the rising demand for 5G connectivity, contributing to the optimistic forecast. These companies include NEC Corporation, Fujitsu Limited, SubCom, LLC., Alcatel Submarine Networks, Huawei Marine Networks Technologies Co., Limited, Communication Cable Systems Indonesia, and Ciena Corporation.
Additionally, Asia-Pacific nations are promoting net-zero emissions and collaborating to allow for “cross-sector, cross-border, and cross-vector” opportunities, fueling the expansion of the Asia-Pacific Undersea Fiber Optic Cable Market. The underwater network is also needed as more businesses favor remote work, and there’s an exponential expansion of fiber to the home.
Country collaborations in the Asia-Pacific Undersea Fiber Optic Cable Market include China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Philippines, and Taiwan. Industries include, but are not limited to, IT and telecommunications and energy and power.
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