USD 1.17 billion
Report ID: SQSG45I2022 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 118 | Figures: 71
Global Cable Laying Vessel Market size was valued at USD 1.17 billion in 2021 and is poised to grow from USD 1.29 billion in 2022 to USD 2.73 billion by 2030, at a CAGR of 9.88% during the forecast period (2023-2030).
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.
Global Market Size
USD 1.17 billion
To get more reports on the above market click here to Buy The Report
Global cable laying vessel market is segmented based on the Vessel Type, Capacity, Water Depth, End User and region. Based on the Vessel Type, the Global Cable laying vessel Market is segmented as cable laying and cable repairing. Based on Capacity, the Global Cable laying vessel Market is segmented as below 1000 tons, 1000 – 3000 tons, 3001 – 5000 tons, 5001 – 7000 tons, and above 7000 tons. Based on Water Depth, the Global Cable laying vessel Market is segmented as shallow water and deep water. Based on End User, the Global Cable laying vessel Market is segmented as offshore oil & gas, offshore wind farms, telecom and other. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cable Laying Vessel Market Analysis by Vessel Type
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.
Cable Laying Vessel Market Analysis by Capacity
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.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Cable Laying Vessel Market Driver
Cable Laying Vessel Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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.
Cable Laying Vessel Market Top Player's Company Profiles
Cable Laying Vessel Market Recent Developments
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.
|Market size value in 2021||USD 1.17 billion|
|Market size value in 2030||USD 1.29 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 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 Global 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.