South & Central America Submarine Cable Systems Market
South & Central America Submarine Cable Systems Market is growing at a CAGR of 8.8% to reach US$ 950.49 Million by 2030 from US$ 485.02 Million in 2022 by Services, Cable Capacity, Application, and Type.

Published On: Jul 2024

Available Report Formats

pdf-format excel-format pptx-format
Request Free Sample Buy Now
South & Central America Submarine Cable Systems Market

At 8.8% CAGR, South & Central America Submarine Cable Systems Market is Projected to be Worth US$ 950.49 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America submarine cable systems market was valued at US$ 485.02 million in 2022 and is expected to reach US$ 950.49 million by 2030, registering a CAGR of 8.8% from 2022 to 2030. Growing number of projects based on HVDC power transmission technology, surge in investment in offshore wind power generation and need for reduced latency and reaction time are among the critical factors attributed to drive the South & Central America submarine cable systems market growth.

Submarine communication cables account for 90% of worldwide data transmission, with a total the increasing demand for transmitting energy over long distances, including wide and deep-water bodies, necessitates the integration of renewable energy sources. As the installation of submarine cable systems rises, there is a growing need for efficient power transmission and reduced dissipative losses. High-voltage direct current (HVDC) submarine power cables offer various advantages over conventional high-voltage alternating current (HVAC) technologies, making them a preferred choice for efficient power transmission. HVDC power transmission technology is rapidly evolving, enabling the transfer of electrical power from offshore power generation sites to the mainland. China, Brazil, and many other developing countries are already utilizing HVDC transmission systems to transmit several gigawatts of electrical power over long distances. This technology is particularly beneficial for integrating renewable energy sources and reducing dissipative losses in submarine cable systems. Thus, the growing number of projects based on HVDC power transmission technology is likely to create new opportunities in the submarine cable systems market during the forecast period.

On the contrary, the high initial investment and deployment costs and damage due to vulnerable climatic conditions hampers the growth of South & Central America submarine cable systems market.

Based on services, the South & Central America submarine cable systems market is bifurcated into installation services and maintenance & upgrade services. The installation services segment held 84.9% market share in 2022, amassing US$ 411.80 million. It is projected to garner US$ 770.41 million by 2030 to register 8.1% CAGR during 2022–2030.

In terms of cable capacity, the South & Central America submarine cable systems market is segmented into less than 10 Tb/S, 10-20 Tb/S, 20-30 Tb/S, and more than 30 Tb/S. The 20-30 Tb/S segment held 43.4% share of South & Central America submarine cable systems market in 2022, amassing US$ 210.47 million. It is anticipated to garner US$ 424.64 million by 2030 to expand at 9.2% CAGR during 2022–2030.

By application, the South & Central America submarine cable systems market is bifurcated into communication and energy & power. The communication segment held 83.4% share of South & Central America submarine cable systems market in 2022, amassing US$ 404.70 million. It is projected to garner US$ 773.75 million by 2030 to expand at 8.4% CAGR from 2022 to 2030.

Based on type, the South & Central America submarine cable systems market is bifurcated into single core and multi-core. The single core segment held 66.0% share of South & Central America submarine cable systems market in 2022, amassing US$ 319.97 million. It is predicted to garner US$ 603.51 million by 2030 to expand at 8.3% CAGR between 2022 and 2030.

Based on country, the South & Central America submarine cable systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 50.8% share of South & Central America submarine cable systems market in 2022. It was assessed at US$ 246.39 million in 2022 and is likely to hit US$ 443.31 million by 2030, registering a CAGR of 7.6% during 2022–2030.

Key players operating in the South & Central America submarine cable systems market are SubCom, LLC; Prysmian SpA; Alcatel Submarine Networks; Nexans SA; NEC Corp; Mitsubishi Electric Corp; Fujitsu Ltd; Vodafone Group Plc; and HMN Technologies Co., Ltd. among others.

  • In June-2021, SubCom received a contract from Google for the design, manufacture, and deployment of the Firmina submarine cable.

 

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com