세계의 해저 전선 및 케이블 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of submarine wires and cables Market

The global submarine wires and cables market plays a critical role in the world's digital and energy infrastructure. According to the 2024 industry report, the market size reached USD 14.51 billion in 2024 and is projected to grow to USD 15.29 billion in 2025, ultimately reaching USD 24.04 billion by 2032. This steady expansion reflects a strong CAGR of 5.82%, driven by rising demand for high-speed connectivity, global data transfer capacity, and increasing offshore renewable energy developments.

Submarine cables form the backbone of global communications, carrying more than 95% of international internet traffic. As internet use, cloud computing, and digital services expand worldwide, the need for high-capacity and low-latency subsea data links has surged. In addition to communication, subsea power cables enable electricity transmission from offshore wind farms and cross-border interconnection projects, supporting global energy transition goals.

Prysmian Group leads the market, with ongoing investments in expanding subsea cable production capacity across Europe. The company is actively engaged in major offshore wind and interconnection projects and continues to innovate in high-voltage DC transmission technologies for long-distance subsea networks.

Market Dynamics

Market Drivers

Growing global demand for high-speed internet, hyperscale data centers, and cloud services is the primary driver of market growth. Submarine fiber-optic cables support global telecommunications, cloud computing, and the rollout of 5G networks. Major technology companies-including Google, Amazon, and Meta-are investing heavily in private undersea cable networks to expand global bandwidth and reduce latency.

Market Trends

A major trend shaping the market is the rapid growth of offshore wind power projects. Countries are expanding offshore wind capacity to meet renewable energy targets, increasing the need for high-voltage subsea power cables. Large-scale offshore wind developments in Europe, China, the U.S., and South Korea are set to significantly boost demand for submarine power cables over the coming decade.

Market Restraints

High installation and maintenance costs remain a major challenge. Deep-sea cable installation requires specialized ships, advanced engineering, and high capital investment. Maintenance is costly and time-consuming, especially when repairs are needed in remote ocean locations. Additionally, submarine cables crossing international waters are vulnerable to geopolitical risks and national security issues.

Market Opportunities

Technology and telecom giants are increasingly investing in new cable routes. Google's Blue-Raman Submarine Cable System, expected to land in Mumbai in early 2025, carries a budget of USD 400 million and a designed capacity of 218 terabits per second. Such mega-projects highlight rising competition in global digital infrastructure and create major opportunities for cable manufacturers and installers.

Segmentation Overview

By Cable Type

• Communication cables dominate due to the growing digital infrastructure and rising global data consumption.
• Power cables support offshore energy transmission but grow at a slightly slower pace.

By Component

• Dry plant products hold the largest market share because each subsea system requires costly landing stations, joints, and onshore connections.

By Service Offering

• Installation and commissioning leads the market, driven by demand from emerging regions such as Africa, Southeast Asia, the Middle East, and Latin America.

By Type

• Single-core cables dominate as offshore wind farms require high-voltage single-core export cables for efficient long-distance energy transmission.

By End-User

• Offshore wind power generation plants hold the largest share, supported by offshore wind farms located 30-100 km from the coast.

Regional Insights

North America

The region is driven by rising data consumption, cloud computing, and IoT growth. In 2024, the North American market reached USD 6.45 billion. Medium-voltage subsea power cables (1-35 kV) are also widely used across regional offshore projects.

The U.S. maintains one of the world's largest defense budgets, strengthening demand for specialized submarine communication systems to support strategic security operations.

Europe

Europe manages 39 intra-EU subsea cables, with the most extensive system (~45,000 km) connecting Europe to Africa and the Middle East. This mega-project is expected to reach 180 Tbps capacity by 2024.

Asia Pacific

The region dominates due to strong economic growth and population expansion. Recent milestones include NEC's completion of a 10,000 km intra-Asia cable with over 160 Tbps design capacity in 2024.

Latin America

The 20,000 km SAC network forms the backbone of Latin American connectivity, linking Argentina, Brazil, Chile, Panama, and Peru.

Middle East & Africa

Massive investments in systems like 2Africa and Umoja are enhancing regional connectivity and driving digital economic growth.

Conclusion

With a market value rising from USD 14.51 billion in 2024 to USD 24.04 billion by 2032, the submarine wires and cables industry is positioned for steady long-term expansion. Driven by data growth, offshore wind power, and global digitalization, submarine cables will remain essential to both communication and clean-energy infrastructure worldwide.

Segmentation By Cable Type

• Communication Cables
• Power Cables

By Component

• Dry Plant Products
• Wet Plant Products

By Service Offering

• Installation and Commissioning
• Maintenance
• System Upgrade

By Type

• Single Core
• Multicore

By End-User

• Offshore Wind Power Generation Plants
• Intercountry and Island Connection
• Offshore Oil and Gas Plant

By Region

• North America (By Cable Type, By Component, By Service Offering, By Type, By End-User, By Country)
  • U.S. (By End-User)
  • Canada (By End-User)
• Europe (By Cable Type, By Component, By Service Offering, By Type, By End-User, By Country)
  • UK (By End-User)
  • Germany (By End-User)
  • France (By End-User)
  • Italy (By End-User)
  • Spain (By End-User)
  • Russia (By End-User)
  • Rest of Europe (By End-User)
• Asia Pacific (By Cable Type, By Component, By Service Offering, By Type, By End-User, By Country)
  • China (By End-User)
  • India (By End-User)
  • Japan (By End-User)
  • Australia (By End-User)
  • Southeast Asia (By End-User)
  • Rest of Asia Pacific (By End-User)
• Latin America (By Cable Type, By Component, By Service Offering, By Type, By End-User, By Country)
  • Brazil (By End-User)
  • Mexico (By End-User)
  • Rest of Latin America (By End-User)
• Middle East & Africa (By Cable Type, By Component, By Service Offering, By Type, By End-User, By Country)
  • GCC (By End-User)
  • South Africa (By End-User)
  • Rest of the Middle East & Africa (By End-User)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariffs on the Global Submarine Wires and Cables Market

5. Global Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 5.2.1. Communication Cables
  • 5.2.2. Power Cables
• 5.3. Market Analysis, Insights, and Forecast - By Component
  • 5.3.1. Dry Plant Products
  • 5.3.2. Wet Plant Products
• 5.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 5.4.1. Installation and Commissioning
  • 5.4.2. Maintenance
  • 5.4.3. System Upgrade
• 5.5. Market Analysis, Insights, and Forecast - By Type
  • 5.5.1. Single Core
  • 5.5.2. Multicore
• 5.6. Market Analysis, Insights, and Forecast - By End-User
  • 5.6.1. Offshore Wind Power Generation Plants
  • 5.6.2. Intercountry and Island Connection
  • 5.6.3. Offshore Oil and Gas Plants
• 5.7. Market Analysis, Insights, and Forecast - By Region
  • 5.7.1. North America
  • 5.7.2. Europe
  • 5.7.3. Asia Pacific
  • 5.7.4. Latin America
  • 5.7.5. Middle East and Africa

6. North America Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 6.2.1. Communication Cables
  • 6.2.2. Power Cables
• 6.3. Market Analysis, Insights, and Forecast - By Component
  • 6.3.1. Dry Plant Products
  • 6.3.2. Wet Plant Products
• 6.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 6.4.1. Installation and Commissioning
  • 6.4.2. Maintenance
  • 6.4.3. System Upgrade
• 6.5. Market Analysis, Insights, and Forecast - By Type
  • 6.5.1. Single Core
  • 6.5.2. Multicore
• 6.6. Market Analysis, Insights, and Forecast - By End-User
  • 6.6.1. Offshore Wind Power Generation Plants
  • 6.6.2. Intercountry and Island Connection
  • 6.6.3. Offshore Oil and Gas Plants
• 6.7. Market Analysis, Insights, and Forecast - By Country
  • 6.7.1. U.S. Market Analysis, Insights, and Forecast - By End-User
    • 6.7.1.1. Offshore Wind Power Generation Plants
    • 6.7.1.2. Intercountry and Island Connection
    • 6.7.1.3. Offshore Oil and Gas Plants
  • 6.7.2. Canada Market Analysis, Insights, and Forecast - By End-User
    • 6.7.2.1. Offshore Wind Power Generation Plants
    • 6.7.2.2. Intercountry and Island Connection
    • 6.7.2.3. Offshore Oil and Gas Plants

7. Europe Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 7.2.1. Communication Cables
  • 7.2.2. Power Cables
• 7.3. Market Analysis, Insights, and Forecast - By Component
  • 7.3.1. Dry Plant Products
  • 7.3.2. Wet Plant Products
• 7.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 7.4.1. Installation and Commissioning
  • 7.4.2. Maintenance
  • 7.4.3. System Upgrade
• 7.5. Market Analysis, Insights, and Forecast - By Type
  • 7.5.1. Single Core
  • 7.5.2. Multicore
• 7.6. Market Analysis, Insights, and Forecast - By End-User
  • 7.6.1. Offshore Wind Power Generation Plants
  • 7.6.2. Intercountry and Island Connection
  • 7.6.3. Offshore Oil and Gas Plants
• 7.7. Market Analysis, Insights, and Forecast - By Country
  • 7.7.1. U.K. Market Analysis, Insights, and Forecast - By End-User
    • 7.7.1.1. Offshore Wind Power Generation Plants
    • 7.7.1.2. Intercountry and Island Connection
    • 7.7.1.3. Offshore Oil and Gas Plants
  • 7.7.2. Germany Market Analysis, Insights, and Forecast - By End-User
    • 7.7.2.1. Offshore Wind Power Generation Plants
    • 7.7.2.2. Intercountry and Island Connection
    • 7.7.2.3. Offshore Oil and Gas Plants
  • 7.7.3. France Market Analysis, Insights, and Forecast - By End-User
    • 7.7.3.1. Offshore Wind Power Generation Plants
    • 7.7.3.2. Intercountry and Island Connection
    • 7.7.3.3. Offshore Oil and Gas Plants
  • 7.7.4. Italy Market Analysis, Insights, and Forecast - By End-User
    • 7.7.4.1. Offshore Wind Power Generation Plants
    • 7.7.4.2. Intercountry and Island Connection
    • 7.7.4.3. Offshore Oil and Gas Plants
  • 7.7.5. Spain Market Analysis, Insights, and Forecast - By End-User
    • 7.7.5.1. Offshore Wind Power Generation Plants
    • 7.7.5.2. Intercountry and Island Connection
    • 7.7.5.3. Offshore Oil and Gas Plants
  • 7.7.6. Russia Market Analysis, Insights, and Forecast - By End-User
    • 7.7.6.1. Offshore Wind Power Generation Plants
    • 7.7.6.2. Intercountry and Island Connection
    • 7.7.6.3. Offshore Oil and Gas Plants
  • 7.7.7. Rest of Europe Market Analysis, Insights, and Forecast - By End-User
    • 7.7.7.1. Offshore Wind Power Generation Plants
    • 7.7.7.2. Intercountry and Island Connection
    • 7.7.7.3. Offshore Oil and Gas Plants

8. Asia Pacific Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 8.2.1. Communication Cables
  • 8.2.2. Power Cables
• 8.3. Market Analysis, Insights, and Forecast - By Component
  • 8.3.1. Dry Plant Products
  • 8.3.2. Wet Plant Products
• 8.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 8.4.1. Installation and Commissioning
  • 8.4.2. Maintenance
  • 8.4.3. System Upgrade
• 8.5. Market Analysis, Insights, and Forecast - By Type
  • 8.5.1. Single Core
  • 8.5.2. Multicore
• 8.6. Market Analysis, Insights, and Forecast - By End-User
  • 8.6.1. Offshore Wind Power Generation Plants
  • 8.6.2. Intercountry and Island Connection
  • 8.6.3. Offshore Oil and Gas Plants
• 8.7. Market Analysis, Insights, and Forecast - By Country
  • 8.7.1. China Market Analysis, Insights, and Forecast - By End-User
    • 8.7.1.1. Offshore Wind Power Generation Plants
    • 8.7.1.2. Intercountry and Island Connection
    • 8.7.1.3. Offshore Oil and Gas Plants
  • 8.7.2. India Market Analysis, Insights, and Forecast - By End-User
    • 8.7.2.1. Offshore Wind Power Generation Plants
    • 8.7.2.2. Intercountry and Island Connection
    • 8.7.2.3. Offshore Oil and Gas Plants
  • 8.7.3. Japan Market Analysis, Insights, and Forecast - By End-User
    • 8.7.3.1. Offshore Wind Power Generation Plants
    • 8.7.3.2. Intercountry and Island Connection
    • 8.7.3.3. Offshore Oil and Gas Plants
  • 8.7.4. Australia Market Analysis, Insights, and Forecast - By End-User
    • 8.7.4.1. Offshore Wind Power Generation Plants
    • 8.7.4.2. Intercountry and Island Connection
    • 8.7.4.3. Offshore Oil and Gas Plants
  • 8.7.5. Southeast Asia Market Analysis, Insights, and Forecast - By End-User
    • 8.7.5.1. Offshore Wind Power Generation Plants
    • 8.7.5.2. Intercountry and Island Connection
    • 8.7.5.3. Offshore Oil and Gas Plants
  • 8.7.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By End-User
    • 8.7.6.1. Offshore Wind Power Generation Plants
    • 8.7.6.2. Intercountry and Island Connection
    • 8.7.6.3. Offshore Oil and Gas Plants

9. Latin America Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 9.2.1. Communication Cables
  • 9.2.2. Power Cables
• 9.3. Market Analysis, Insights, and Forecast - By Component
  • 9.3.1. Dry Plant Products
  • 9.3.2. Wet Plant Products
• 9.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 9.4.1. Installation and Commissioning
  • 9.4.2. Maintenance
  • 9.4.3. System Upgrade
• 9.5. Market Analysis, Insights, and Forecast - By Type
  • 9.5.1. Single Core
  • 9.5.2. Multicore
• 9.6. Market Analysis, Insights, and Forecast - By End-User
  • 9.6.1. Offshore Wind Power Generation Plants
  • 9.6.2. Intercountry and Island Connection
  • 9.6.3. Offshore Oil and Gas Plants
• 9.7. Market Analysis, Insights, and Forecast - By Country
  • 9.7.1. Brazil Market Analysis, Insights, and Forecast - By End-User
    • 9.7.1.1. Offshore Wind Power Generation Plants
    • 9.7.1.2. Intercountry and Island Connection
    • 9.7.1.3. Offshore Oil and Gas Plants
  • 9.7.2. Mexico Market Analysis, Insights, and Forecast - By End-User
    • 9.7.2.1. Offshore Wind Power Generation Plants
    • 9.7.2.2. Intercountry and Island Connection
    • 9.7.2.3. Offshore Oil and Gas Plants
  • 9.7.3. Rest of Latin America Market Analysis, Insights, and Forecast - By End-User
    • 9.7.3.1. Offshore Wind Power Generation Plants
    • 9.7.3.2. Intercountry and Island Connection
    • 9.7.3.3. Offshore Oil and Gas Plants

10. Middle East and Africa Submarine Wires and Cables Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Cable Type
  • 10.2.1. Communication Cables
  • 10.2.2. Power Cables
• 10.3. Market Analysis, Insights, and Forecast - By Component
  • 10.3.1. Dry Plant Products
  • 10.3.2. Wet Plant Products
• 10.4. Market Analysis, Insights, and Forecast - By Service Offering
  • 10.4.1. Installation and Commissioning
  • 10.4.2. Maintenance
  • 10.4.3. System Upgrade
• 10.5. Market Analysis, Insights, and Forecast - By Type
  • 10.5.1. Single Core
  • 10.5.2. Multicore
• 10.6. Market Analysis, Insights, and Forecast - By End-User
  • 10.6.1. Offshore Wind Power Generation Plants
  • 10.6.2. Intercountry and Island Connection
  • 10.6.3. Offshore Oil and Gas Plants
• 10.7. Market Analysis, Insights, and Forecast - By Country
  • 10.7.1. GCC Market Analysis, Insights, and Forecast - By End-User
    • 10.7.1.1. Offshore Wind Power Generation Plants
    • 10.7.1.2. Intercountry and Island Connection
    • 10.7.1.3. Offshore Oil and Gas Plants
  • 10.7.2. South Africa Market Analysis, Insights, and Forecast - By End-User
    • 10.7.2.1. Offshore Wind Power Generation Plants
    • 10.7.2.2. Intercountry and Island Connection
    • 10.7.2.3. Offshore Oil and Gas Plants
  • 10.7.3. Rest of MEA Market Analysis, Insights, and Forecast - By End-User
    • 10.7.3.1. Offshore Wind Power Generation Plants
    • 10.7.3.2. Intercountry and Island Connection
    • 10.7.3.3. Offshore Oil and Gas Plants

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2024
• 11.2. Company Profile
  • 11.2.1. Nexans
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)

12. Similar data will be provided for the below listed companies

• 12.1.
  • 12.1.1. NEC Corporation
  • 12.1.2. Prysmian Group
  • 12.1.3. NKT A/S
  • 12.1.4. ZTT
  • 12.1.5. HENGTONG GROUP CO., LTD
  • 12.1.6. ALCATEL SUBMARINE NETWORKS
  • 12.1.7. SubCom, LLC
  • 12.1.8. Sumitomo Electric Industries, Ltd.
  • 12.1.9. LS Cables & System Ltd.
  • 12.1.10. Tratos
  • 12.1.11. OCC Corporation