Submarine Communications Optical Fiber Cable Market Insights Video
According to Cognitive Market Research, the global submarine communications optical fiber cable market size is USD 20815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 13.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 8326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 6244.56 million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD 4787.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 1040.76 million in 2024, and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Middle East and Africa held the market of around 2% of the global revenue with a market size of USD 416.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.
Installation & commissioning held the highest submarine communications optical fiber cable market revenue share in 2024.
