USD 1.28 billion
Cable Laying Vessel Market Size, Share, and Growth Analysis
Cable Laying Vessel Market By Type (Power Cable Laying Vessel, Communication Cable Laying Vessel), By Power Rating (Up To 1000 Hp, 1000-2000 Hp), By Depth Rating (Shallow Water, Deepwater), By Length, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45I2127 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
118
|Figures:
71
Format -
Cable Laying Vessel Market Insights
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
Largest Segment
Cable Repairing
Fastest Growth
Cable Laying
Growth Rate
9.8% CAGR
Global Cable Laying Vessel Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Cable Laying Vessel Market Segments Analysis
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.
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.
Global Cable Laying Vessel Market By Vessel Type, 2021(%)
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Cable Laying Vessel Market Regional Insights
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.
Global Cable Laying Vessel Market By Geography, 2021 - 2028
- Largest
- Fastest
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Cable Laying Vessel Market Dynamics
Cable Laying Vessel Market Driver
- The availability of oil and gas reserves in deep and ultra-deep waters, investment in offshore exploration and production of conventional and unconventional resources has increased significantly. In addition, market participants have been forced to make sizable investments in new offshore oil and gas reserves due to the surge in demand for oil and gas as well as other petroleum products and the volatility in oil prices around the world.
- Demand for submarine cables is rising as the need for cross-border interconnected power grids grows. Given that cable laying vessels are made for the installation, upkeep, and decommissioning of submarine cables, the demand for submarine power cables and cable laying vessels can be related. Thus, it is anticipated that increased submarine cable installation and rising demand for cross-border interconnected power grids will drive the cable laying vessel market.
Cable Laying Vessel Market Restraint
- Infrastructure is required to support the increasing demand for internet services. This entails adding more subsea cables in order to expand the current fibre optic network throughout the world. A supply and demand problem, however, is slowing down this global movement. Due to severe shortages in fibre cables and ODN infrastructure, suppliers have been delayed by 12 to 18 months. Other electronic parts like semiconductors, flash memory, and capacitors are also in short supply.
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Cable Laying Vessel Market Competitive Landscape
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.
Top Players in Cable Laying Vessel Market
- Prysmian S.p.A. (Italy)
- Jan De Nul Group (Belgium)
- Royal Boskalis Westminster N.V. (Netherlands)
- Van Oord (Netherlands)
- Nexans (France)
- Royal IHC (Netherlands)
- Asean Cableship Pte Ltd. (Singapore)
- E-Marine PJSC (United Arab Emirates)
- NKT A/S (Denmark)
- Damen Shipyards Group (Netherlands)
- Seaway 7 (Norway)
- Orange Marine (France)
- Alcatel Submarine Networks (France)
- NKT Cables (Denmark)
- NEC Corporation (Japan)
- Hengtong Group (China)
- Sumitomo Electric Industries (Japan)
Cable Laying Vessel Market Recent Developments
- In June 2022, Van Oord, SMD Ink Parts and Services Framework Agreement. Dutch marine contractor Van Oord and U.K.-based subsea robotics manufacturer SMD have entered into a parts and services framework agreement in a bid to reduce downtime and improve efficiencies.
- In May 2022, Boskalis and its co-shareholder KS Investments Pte. Ltd. (Keppel) have received the approval from the regulatory agencies in Singapore for the sale of their harbor towage activities in Singapore and Malaysia to Rimorchiatori Mediterranei S.p.A. The intended sale with the regulatory approval as a condition precedent was announced late last year.
Cable Laying Vessel Key Market Trends
- XLCC has begun the development of the basic design of the vessel in close collaboration with Salt Ship Design, while working towards the selection of a successful yard. This method reduces risk for all parties and saves time because activities are started before the shipyard is chosen. For the best definition of the steel structures and interior arrangements, the vessel design is being developed from the basic design stage in 3D engineering software. In close cooperation with MAATS Tech and Global Marine, operational facets of cable handling have been thoroughly researched.
Cable Laying Vessel Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cable Laying Vessel Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cable Laying Vessel Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
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.
Analyst Support
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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