Telecomunicazioni
Global Telecom Cable Market to Reach a Valuation of USD 128.35 Bn by 2030, Recording a 7.19% CAGR, Driven by Rising Investments in Telecommunication Infrastructure, States Kings Research
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Tamares Telecom, a prominent global communications and data services provider specializing in fiber-based technology and a subsidiary of the Aluma Infrastructure Fund, teamed up with Grid Telecom in May 2023 . Grid Telecom, the telecommunications arm of Greece's Independent Power Transmission Operator (IPTO), agreed to collaborate with Tamares for the construction of ANDROMEDA - an advanced subsea optical fiber cable network linking Greece , Cyprus , and Israel .
A new communications route between Europe and the Middle East will be established due to the strategic partnership between Grid Telecom and Tamares Telecom. By creating a different international digital highway, which the regional economy desperately needs, the transcontinental fiber cable system will also provide wholesale customers with cutting-edge connectivity and global reach across the European continent, the Mediterranean, and the Arabian Peninsula.
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The global telecom cable market is highly fragmented with the presence of a number of companies. These players are focusing on expansion as their key initiative in order to strengthen their industry footing. For instance, Prysmian Group reaffirmed its commitment to fulfill the rising demand for fiber optic broadband in May 2022 as a result of stimulus plans from the federal and state governments with the aim to expand the fiber optic cable capacity at its North American facilities.
On the basis of type, the fiber optic cable segment is expected to dominate the global telecom cable market, accounting for a valuation of USD 61.91 billion by 2030. The increasing need for high-speed internet connectivity is fueling the uptake of fiber optic cable. These cables offer swifter and more dependable data transmission when compared to conventional copper-based networks. This makes them perfectly suited to cater to the escalating bandwidth demands of contemporary applications and services.
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On the basis of application, the telecommunication segment is expected to lead the global telecom cable market in the upcoming years with a valuation of USD 45.31 billion by 2030. The segment's growth is bolstered by the increasing capabilities of dependable and fast connections, catering to applications such as video conferencing, online gaming, and cloud computing. This surge is further fueled by the increasing adoption of cable for long-range communication and digital transformation in the telecommunications industry. This trend is underpinned by the popularity of smart devices and the increasing demand for HD video content.
The demand for intercontinental data connectivity is continuing to expand, which has resulted in tremendous growth for submarine cable networks. Manufacturers of telecom cables are at the forefront of this expansion and are essential to the design and production of robust, high-capacity underwater cables. The reliable and safe transfer of enormous volumes of data across continents is made possible by these specialized cables, which are designed to resist the harsh marine environment.
To meet the rising need for worldwide data transmission, manufacturers are concentrating on creating sophisticated materials, innovative designs, and effective manufacturing techniques. For telecom cable makers, the submarine cable market offers tremendous opportunities to support the smooth flow of information in the globally connected world.
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Asia Pacific is likely to be the largest market for telecom cables in the forthcoming years, reaching a valuation of USD 71.24 billion by 2030. The rise in fiber-to-the-home (FTTH) users and investments in telecommunications infrastructure are primarily aiding regional industry growth. The market's expansion is accelerated by the increasing demand for cloud-based technologies with fast connectivity and rising investments in IT infrastructure. Furthermore, the regional market growth is anticipated to be fueled by the increase in demand for reliable connections and fast data transfer in several major nations including China , India , and Japan .
Europe is foreseen to be the 2nd largest market for telecom cables over the forecast period, accounting for a valuation of USD 38.11 billion by 2030. An increase in the number of submarine telecommunications cables linking Europe is contributing to the expansion of the regional market. Fiber-optic technology is typically used in these cables as it offers faster data transfer and more bandwidth for high-speed internet and other data services. These vital cable networks, which are crucial to the operation of the economy and the digital society, have seen major investments in recent years. This is further boosting market growth.
https://www.kingsresearch.com/telecom-cable-market-99
Introduction of the Global Telecom Cable Market
Executive Summary
Research Methodology
Global Telecom Cable Market Outlook
Impact of Russia-Ukraine War
Global Telecom Cable Market, By Type
Global Telecom Cable Market, By Application
Global Telecom Cable Market, By Geography
North America
Europe
Asia Pacific
Middle East &
Africa
Latin America
Global Telecom Cable Market Competitive Landscape
Company Profiles
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