South & Central America Submarine Cable Systems Market Forecast to 2030
South & Central America Submarine Cable Systems Market Forecast to 2030 – Regional Analysis – by Services (Installation Services and Maintenance & Upgradation), Cable Capacity (Less than 10 Tb/S, 10 – 20 Tb/S, 20-30 Tb/S, and More than 30Tb/S), Application (Communication and Energy & Power), and Type (Single Core and Multi Core)
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Description
Rise in Data Traffic Fuels South & Central America Submarine Cable Systems Market
With the rise of digitalization, cloud computing, and the Internet of Things (IoT), there is a growing need for high-speed and reliable connectivity across various countries and oceans. To cater to such needs, submarine cable systems act as the foundation of global internet connectivity, offering unparalleled speed and bandwidth capabilities. These undersea cables provide a massive capacity for data transmission, supporting businesses with increased bandwidth requirements and ensuring efficient and high-performance internet connectivity.
According to Ericsson, by the end of 2023, the total global mobile data traffic, excluding Fixed Wireless Access (FWA), is projected to reach 130 exabytes (EB) per month. This figure is expected to grow nearly threefold and reach 403 EB per month by 2029. When including FWA, the total mobile network traffic is estimated to reach approximately 160 EB per month by the end of 2023, and it is predicted to rise further to 563 EB per month by the end of 2029. These projections consider the assumption that the adoption of XR-type services, including AR, VR, and mixed reality (MR), will begin in the latter part of the forecast period. In addition, video traffic is estimated to represent 73% of all mobile data traffic by the end of 2023. Hence, in a progressively interconnected world, the demand for undersea communication cables is growing substantially. Advancements in cable technology, including the deployment of higher-capacity cables and the implementation of advanced transmission techniques, play a key role in enhancing global connectivity. By leveraging these innovations, businesses focus on improving communication capabilities and enhancing access to global networks to manage growing data traffic. Thus, the rise in data traffic drives the submarine cable systems market.
South & Central America Submarine Cable Systems Market Overview
The South America submarine cable systems market is segmented into Brazil, Argentina, and the Rest of South America. Governments and companies in South America are investing in infrastructure development, such as the establishment of data centers, cloud computing facilities, and submarine cable landing stations. These investments aim to enhance connectivity and support the growing digital economy in the region. Furthermore, in January 2024, Google announced its plans to build a groundbreaking undersea cable called “Humboldt,” connecting Chile with Australia via French Polynesia. This strategic initiative will establish the first direct link between South America and Asia Pacific. By constructing this cable, the company aims to enhance connectivity and facilitate seamless communication between these regions, unlocking new opportunities for businesses as well as individuals. The Humboldt cable will serve as a vital infrastructure project, enabling faster and more reliable data transmission across vast distances. This high-capacity cable will support the growing demand for digital services, including cloud computing, data centers, and other emerging technologies. By bridging the connectivity gap between South America and Asia Pacific, Google aims to foster economic growth, enhance collaboration, and stimulate innovation in various sectors. Thus, such initiatives from the players are anticipated to provide submarine cable systems market growth a significant boost.
South & Central America Submarine Cable Systems Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Submarine Cable Systems Market Segmentation
The South & Central America submarine cable systems market is categorized into services, cable capacity, application, type, and country.
Based on services, the South & Central America submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held a larger market share in 2022.
In terms of cable capacity, the South & Central America submarine cable systems market is segmented into less than 10 Tb/S, 10-20 Tb/S, 20-30 Tb/S, and more than 30 Tb/S. The 20-30 Tb/S segment held the largest share of South & Central America submarine cable systems market in 2022.
By application, the South & Central America submarine cable systems market is bifurcated into communication and energy & power. The communication segment held a larger share of South & Central America submarine cable systems market in 2022.
Based on type, the South & Central America submarine cable systems market is bifurcated into single core and multi-core. The single core segment held a larger share of South & Central America submarine cable systems market in 2022.
By country, the South & Central America submarine cable systems market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America submarine cable systems market share in 2022.
SubCom, LLC; Prysmian SpA; Alcatel Submarine Networks; Nexans SA; NEC Corp; Mitsubishi Electric Corp; Fujitsu Ltd; Vodafone Group Plc; and HMN Technologies Co., Ltd. are some of the leading companies operating in the South & Central America submarine cable systems market.
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According to the Research Team’ research, the South & Central America submarine cable systems market was valued at US$ 485.02 million in 2022 and is expected to reach US$ 950.49 million by 2030, registering a CAGR of 8.8% from 2022 to 2030. Growing number of projects based on HVDC power transmission technology, surge in investment in offshore wind power generation and need for reduced latency and reaction time are among the critical factors attributed to drive the South & Central America submarine cable systems market growth.
Submarine communication cables account for 90% of worldwide data transmission, with a total the increasing demand for transmitting energy over long distances, including wide and deep-water bodies, necessitates the integration of renewable energy sources. As the installation of submarine cable systems rises, there is a growing need for efficient power transmission and reduced dissipative losses. High-voltage direct current (HVDC) submarine power cables offer various advantages over conventional high-voltage alternating current (HVAC) technologies, making them a preferred choice for efficient power transmission. HVDC power transmission technology is rapidly evolving, enabling the transfer of electrical power from offshore power generation sites to the mainland. China, Brazil, and many other developing countries are already utilizing HVDC transmission systems to transmit several gigawatts of electrical power over long distances. This technology is particularly beneficial for integrating renewable energy sources and reducing dissipative losses in submarine cable systems. Thus, the growing number of projects based on HVDC power transmission technology is likely to create new opportunities in the submarine cable systems market during the forecast period.
On the contrary, the high initial investment and deployment costs and damage due to vulnerable climatic conditions hampers the growth of South & Central America submarine cable systems market.
Based on services, the South & Central America submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held 84.9% market share in 2022, amassing US$ 411.80 million. It is projected to garner US$ 770.41 million by 2030 to register 8.1% CAGR during 2022–2030.
In terms of cable capacity, the South & Central America submarine cable systems market is segmented into less than 10 Tb/S, 10-20 Tb/S, 20-30 Tb/S, and more than 30 Tb/S . The 20-30 Tb/S segment held 43.4% share of South & Central America submarine cable systems market in 2022, amassing US$ 210.47 million. It is anticipated to garner US$ 424.64 million by 2030 to expand at 9.2% CAGR during 2022–2030.
By application, the South & Central America submarine cable systems market is bifurcated into communication and energy & power . The communication segment held 83.4% share of South & Central America submarine cable systems market in 2022, amassing US$ 404.70 million. It is projected to garner US$ 773.75 million by 2030 to expand at 8.4% CAGR from 2022 to 2030.
Based on type, the South & Central America submarine cable systems market is bifurcated into single core and multi-core . The single core segment held 66.0% share of South & Central America submarine cable systems market in 2022, amassing US$ 319.97 million. It is predicted to garner US$ 603.51 million by 2030 to expand at 8.3% CAGR between 2022 and 2030 .
Based on country, the South & Central America submarine cable systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 50.8% share of South & Central America submarine cable systems market in 2022. It was assessed at US$ 246.39 million in 2022 and is likely to hit US$ 443.31 million by 2030, registering a CAGR of 7.6% during 2022–2030.
Key players operating in the South & Central America submarine cable systems market are SubCom, LLC; Prysmian SpA; Alcatel Submarine Networks; Nexans SA; NEC Corp; Mitsubishi Electric Corp; Fujitsu Ltd; Vodafone Group Plc; and HMN Technologies Co., Ltd. among others.
In June-2021, SubCom received a contract from Google for the design, manufacture, and deployment of the Firmina submarine cable.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America submarine cable systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America submarine cable systems market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Submarine Cable Systems Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Component Providers:
4.2.2 Manufacturers:
4.2.3 Distributors or Suppliers:
4.2.4 End User:
4.3 Submarine Cable System (List of Projects)
4.4 Submarine Cable System Market: Pricing Analysis
5. South & Central America Submarine Cable Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Data Traffic
5.1.2 Surge in Investment in Offshore Wind Power Generation
5.1.3 Need for Reduced Latency and Reaction Time
5.2 Market Restraints
5.2.1 High Initial Investment and Deployment Costs
5.2.2 Damage Due to Vulnerable Climatic Conditions
5.3 Market Opportunities
5.3.1 Rising Investments in Submarine Cable Infrastructure
5.3.2 Growing Number of Projects Based on HVDC Power Transmission Technology
5.4 Future Trends
5.4.1 Rise in Adoption of Cloud-based Services
5.5 Impact of Drivers and Restraints:
6. Submarine Cable Systems Market – South & Central America Market Analysis
6.1 Overview
6.2 Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
6.3 Submarine Cable Systems Market Forecast Analysis
7. South & Central America Submarine Cable Systems Market Analysis – by Services
7.1 Installation Services
7.1.1 Overview
7.1.2 Installation Services: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Maintenance and Upgradation
7.2.1 Overview
7.2.2 Maintenance and Upgradation: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Submarine Cable Systems Market Analysis – by Cable Capacity
8.1 Less than 10 Tb/S
8.1.1 Overview
8.1.2 Less than 10 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.2 10 – 20 Tb/S
8.2.1 Overview
8.2.2 10 – 20 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.3 20-30 Tb/S
8.3.1 Overview
8.3.2 20-30 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.4 More than 30Tb/S
8.4.1 Overview
8.4.2 More than 30Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Submarine Cable Systems Market Analysis – by Application
9.1 Communication
9.1.1 Overview
9.1.2 Communication: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Energy and Power
9.2.1 Overview
9.2.2 Energy and Power: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Submarine Cable Systems Market Analysis – by Type
10.1 Single Core
10.1.1 Overview
10.1.2 Single Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.2 Multi Core
10.2.1 Overview
10.2.2 Multi Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Submarine Cable Systems Market – Country Analysis
11.1 South & Central America Market Overview
11.1.1 South & Central America: Submarine Cable Systems Market, By Key Country – Revenue 2022 (US$ Million)
11.1.2 South & Central America: Submarine Cable Systems Market – Revenue and Forecast Analysis – by Country
11.1.2.1 South & Central America: Submarine Cable Systems Market – Revenue and Forecast Analysis – by Country
11.1.2.2 Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.2.1 Brazil: Submarine Cable Systems Market Breakdown, by Services
11.1.2.2.2 Brazil: Submarine Cable Systems Market Breakdown, by Cable Capacity
11.1.2.2.3 Brazil: Submarine Cable Systems Market Breakdown, by Application
11.1.2.2.4 Brazil: Submarine Cable Systems Market Breakdown, by Type
11.1.2.3 Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.3.1 Argentina: Submarine Cable Systems Market Breakdown, by Services
11.1.2.3.2 Argentina: Submarine Cable Systems Market Breakdown, by Cable Capacity
11.1.2.3.3 Argentina: Submarine Cable Systems Market Breakdown, by Application
11.1.2.3.4 Argentina: Submarine Cable Systems Market Breakdown, by Type
11.1.2.4 Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.4.1 Rest of South & Central America: Submarine Cable Systems Market Breakdown, by Services
11.1.2.4.2 Rest of South & Central America: Submarine Cable Systems Market Breakdown, by Cable Capacity
11.1.2.4.3 Rest of South & Central America: Submarine Cable Systems Market Breakdown, by Application
11.1.2.4.4 Rest of South & Central America: Submarine Cable Systems Market Breakdown, by Type
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 SubCom, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Prysmian SpA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Alcatel Submarine Networks
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nexans SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 NEC Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Mitsubishi Electric Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HMN Technologies Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Fujitsu Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Vodafone Group Plc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
14. Appendix
14.1 Word Index
14.2 About the the Reporting Teams
Table 1. Submarine Cable Systems Market segmentation
Table 2. List of Vendors in the Value Chain:
Table 3. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 5. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Cable Capacity
Table 6. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 7. Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 8. South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 10. Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 11. Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 12. Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 13. Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 14. Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Cable Capacity
Table 15. Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 17. Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 18. Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Cable Capacity
Table 19. Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 20. Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 21. List of Abbreviation
Figure 1. Submarine Cable Systems Market segmentation, by Country
Figure 2. Ecosystem: Submarine Cable Systems Market
Figure 3. Submarine Cable Systems Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Submarine Cable Systems Market Revenue (US$ Million), 2020-2030
Figure 6. Submarine Cable Systems Market Share (%) – by Services (2022 and 2030)
Figure 7. Installation Services: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Maintenance and Upgradation: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Submarine Cable Systems Market Share (%) – by Cable Capacity (2022 and 2030)
Figure 10. Less than 10 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. 10 – 20 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. 20 – 30 Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. More than 30Tb/S: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Submarine Cable Systems Market Share (%) – by Application (2022 and 2030)
Figure 15. Communication: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Energy and Power: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Submarine Cable Systems Market Share (%) – by Type (2022 and 2030)
Figure 18. Single Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Multi Core: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South & Central America: Submarine Cable Systems Market, By Key Country – Revenue 2022 (US$ Million)
Figure 21. South & Central America: Submarine Cable Systems Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Brazil: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Argentina: Submarine Cable Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Rest of South & Central America: Submarine Cable Systems Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Submarine Cable Systems Market
1. SubCom, LLC
2. Prysmian SpA
3. Alcatel Submarine Networks
4. Nexans SA
5. NEC Corp
6. Mitsubishi Electric Corp
7. HMN Technologies Co., Ltd.
8. Fujitsu Ltd
9. Vodafone Group Plc
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