USD 1.28 billion
Report ID:
SQMIG45I2127 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
118
|Figures:
71
Global Cable Laying Vessel Market size was valued at USD 1.28 billion in 2023 and is poised to grow from USD 1.41 billion in 2024 to USD 2.97 billion by 2032, growing at a CAGR of 9.8% during the forecast period (2025-2032).
Large geographic areas that are frequently important hubs of trade and communication can access high-speed broadband connectivity and Internet capacity thanks to submarine cables. The demand for future growth is met by submarine cables, which ease current capacity restrictions. Submarine cables are increasingly being used for data transmission between points in the telecommunications industry as a result of these advantages. Deep-ocean cables typically have a diameter of 17 to 20 mm, or the size of a garden hose or beer bottle cap, and lack protective armor. The diameter of armored fiber optic cables can reach 50 mm. Contrarily, fishing trawls typically measure over 5,000 to 50,000 mm wide, and submarine oil/gas pipes can be as large as 900 mm in diameter. The South East Asia-Middle East-West Europe-3 system (SE-ME-WE-3) is one of the longest cable systems, with a total installed length of almost 40,000 km (including branches). Many Cable laying vessels are already designed with travel in mind, and over the past several years, participation in adventure sports and other leisure activities has significantly increased, fueling the market's expansion.
Market snapshot - 2025-2032
Global Market Size
USD 1.28 billion
Largest Segment
Cable Repairing
Fastest Growth
Cable Laying
Growth Rate
9.8% CAGR
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Global Cable Laying Vessel Market is segmented by type, power rating, depth rating, length, application and region. Based on type, the market is segmented into power cable laying vessel, communication cable laying vessel, umbilical cable laying vessel and other. Based on power rating, the market is segmented into up to 1000 hp, 1000-2000 hp, 2000-5000 hp and above 5000 hp. Based on depth rating, the market is segmented into shallow water, deepwater and ultra-deepwater. Based on length, the market is segmented into below 50 m, 50-150 m and above 150 m. Based on application, the market is segmented into offshore wind power grid connection, offshore oil and gas production facilities, island interconnection, offshore platforms and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Based on the Vessel Type, the Cable laying vessel market is bifurcated into cable laying and cable repairing. Cable repairing category will hold a substantial share in coming years as understanding the exact location of the damage is the first step in repairing an underwater cable, which can be thousands of miles long. Internet and phone outages, or a power outage in the case of an electrical cable, can be used to determine the general location. Since data cables are fiber optic, a light pulse that would typically travel all the way to the other side is instead sent through the cable. Engineers can determine the precise location of a broken fiber by measuring how long it takes for the light pulse to return after striking a broken fiber.
Based on the Capacity, the Cable laying vessel market is bifurcated into Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, and Above 7000 Tons. The reason this segment is the most popular is because most vessels with a capacity of 5000–7000 tonnes can lay a lot of cable quickly and effectively, and because of their large capacity, they can also carry high-quality cables. For instance, The Ndurance has a 5,000-ton capacity turntable for cable-laying operations around the world.
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Europe is expected to control the Cable laying vessel market share. Europe is seeing a sharp increase in investments in the development of clean technologies like wind for power generation. One major factor encouraging the use of renewable resources for power generation is the implementation of strict regulations to limit GHG emissions from power generation facilities. A number of European nations also provide financial aid and incentives to encourage the use of renewable resources. These subsidies consist of tax reductions, quota-based tradable green certificates, feed-in tariffs, and investment subsidies. One of the most popular renewable energy sources in the area is offshore wind. The transmission of power from an offshore location requires the use of submarine cable. Cable laying vessels bury this cable in the ocean floor. So, it is anticipated that increased investment in the production of renewable energy, including offshore wind farms, will present lucrative opportunities for the cable laying vessel market.
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The Global Cable laying vessel market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cable laying vessel Market Analysis, in terms of vessel type, the Cable repairing segment held the largest share and is estimated to maintain a similar trend over the forecast period as understanding the exact location of the damage is the first step in repairing an underwater cable, which can be thousands of miles long. In terms of End Use, Telecom segment accounted for the largest share due to increasing number of internet user.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.28 billion |
Market size value in 2032 | USD 2.97 billion |
Growth Rate | 9.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cable Laying Vessel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cable Laying Vessel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cable Laying Vessel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cable Laying Vessel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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