Product Code: ETC4461085 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India submarine cable systems market import shipment experienced a notable decline with a CAGR of -8.7% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -21.0%, indicating a substantial slowdown in market expansion, reflecting a challenging trend with diminishing momentum.
The India Submarine Cable Systems market plays a crucial role in international data connectivity. These systems are vital for high-speed internet and global communication. The demand for reliable and high-capacity submarine cables continues to rise, driven by the booming IT and telecom sectors in India.
The growth of the India submarine cable systems market can be attributed to several significant factors. Firstly, the increasing demand for high-speed internet and data transmission, both for consumers and businesses, is driving the need for enhanced international connectivity. The digitalization of various sectors, such as e-commerce, IT services, and content streaming, is creating substantial data traffic that necessitates robust submarine cable systems. India strategic geographic location, with its vast coastline, makes it a prime location for submarine cable landing stations, further boosting the market. Moreover, the government`s focus on improving digital infrastructure and promoting the `Digital India` initiative is fueling investments in submarine cable systems.
The India submarine cable systems market encounters challenges related to the installation and maintenance of underwater communication cables. Laying submarine cables in the India Ocean, which is prone to seismic activity and extreme weather conditions, poses logistical and technical challenges. Ensuring the security and resilience of these critical infrastructure components against accidents or intentional damage is vital for maintaining connectivity. Regulatory hurdles, including international agreements and maritime laws, can add complexity to cable deployment and repair. Moreover, addressing the increasing demand for high-capacity submarine cable systems to support global data traffic presents ongoing challenges. Educating industries and organizations about the importance of submarine cable systems for international connectivity and communication is crucial for market growth.
The India Submarine Cable Systems market faced several challenges during the COVID-19 pandemic. While the demand for high-capacity data transmission through submarine cable systems remained strong, the global supply chain disruptions impacted the deployment of new systems and the maintenance of existing ones. The pandemic-induced restrictions on international travel and workforce limitations hindered the ability to carry out repairs and maintenance on undersea cables, leading to potential service disruptions. Additionally, the economic uncertainties led some organizations to reconsider their investment plans in submarine cable projects. However, as the importance of reliable internet connectivity grew during the pandemic, and with India increasing data consumption, the market for submarine cable systems is expected to regain momentum as the situation stabilizes and the need for seamless global connectivity persists.
Key players in the submarine cable systems market in India comprise companies like SubCom (SubCom LLC), NEC Corporation, Prysmian Group, Huawei Marine Networks, and Xtera.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Submarine Cable Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Submarine Cable Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Submarine Cable Systems Market - Industry Life Cycle |
3.4 India Submarine Cable Systems Market - Porter's Five Forces |
3.5 India Submarine Cable Systems Market Revenues & Volume Share, By System, 2021 & 2031F |
3.6 India Submarine Cable Systems Market Revenues & Volume Share, By Cable Armor, 2021 & 2031F |
3.7 India Submarine Cable Systems Market Revenues & Volume Share, By Transmission, 2021 & 2031F |
3.8 India Submarine Cable Systems Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.9 India Submarine Cable Systems Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Submarine Cable Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-speed internet connectivity in India |
4.2.2 Growing investments in infrastructure development by the government and private sector |
4.2.3 Rise in demand for data centers and cloud services in the country |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with submarine cable systems |
4.3.2 Regulatory challenges and complex approval processes for laying submarine cables |
4.3.3 Environmental concerns and risks related to marine ecosystems |
5 India Submarine Cable Systems Market Trends |
6 India Submarine Cable Systems Market, By Types |
6.1 India Submarine Cable Systems Market, By System |
6.1.1 Overview and Analysis |
6.1.2 India Submarine Cable Systems Market Revenues & Volume, By System, 2021-2031F |
6.1.3 India Submarine Cable Systems Market Revenues & Volume, By Dry Plant, 2021-2031F |
6.1.4 India Submarine Cable Systems Market Revenues & Volume, By Wet Plant, 2021-2031F |
6.2 India Submarine Cable Systems Market, By Cable Armor |
6.2.1 Overview and Analysis |
6.2.2 India Submarine Cable Systems Market Revenues & Volume, By Double armored optical fiber (DA) Multiple, 2021-2031F |
6.2.3 India Submarine Cable Systems Market Revenues & Volume, By Single armored optical fiber (SA), 2021-2031F |
6.3 India Submarine Cable Systems Market, By Transmission |
6.3.1 Overview and Analysis |
6.3.2 India Submarine Cable Systems Market Revenues & Volume, By Electric Power, 2021-2031F |
6.3.3 India Submarine Cable Systems Market Revenues & Volume, By Communication Signals, 2021-2031F |
6.4 India Submarine Cable Systems Market, By Service |
6.4.1 Overview and Analysis |
6.4.2 India Submarine Cable Systems Market Revenues & Volume, By Installation, 2021-2031F |
6.4.3 India Submarine Cable Systems Market Revenues & Volume, By Maintenance & Upgrade, 2021-2031F |
6.5 India Submarine Cable Systems Market, By End-User |
6.5.1 Overview and Analysis |
6.5.2 India Submarine Cable Systems Market Revenues & Volume, By Offshore wind power generation industry, 2021-2031F |
6.5.3 India Submarine Cable Systems Market Revenues & Volume, By Offshore oil & gas industry, 2021-2031F |
6.5.4 India Submarine Cable Systems Market Revenues & Volume, By Inter-Country & Island Connection, 2021-2031F |
7 India Submarine Cable Systems Market Import-Export Trade Statistics |
7.1 India Submarine Cable Systems Market Export to Major Countries |
7.2 India Submarine Cable Systems Market Imports from Major Countries |
8 India Submarine Cable Systems Market Key Performance Indicators |
8.1 Average latency reduction in data transmission through submarine cable systems |
8.2 Number of new submarine cable system projects announced or completed in India |
8.3 Percentage increase in bandwidth capacity provided by submarine cable systems in the country |
9 India Submarine Cable Systems Market - Opportunity Assessment |
9.1 India Submarine Cable Systems Market Opportunity Assessment, By System, 2021 & 2031F |
9.2 India Submarine Cable Systems Market Opportunity Assessment, By Cable Armor, 2021 & 2031F |
9.3 India Submarine Cable Systems Market Opportunity Assessment, By Transmission, 2021 & 2031F |
9.4 India Submarine Cable Systems Market Opportunity Assessment, By Service, 2021 & 2031F |
9.5 India Submarine Cable Systems Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Submarine Cable Systems Market - Competitive Landscape |
10.1 India Submarine Cable Systems Market Revenue Share, By Companies, 2024 |
10.2 India Submarine Cable Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |