Compared with ordinary cables, submarine optical cables have higher added value.
At the same time, with its advantages of better security, confidentiality, stability and anti-interference, it increasingly plays a special and important role in the field of international communications.
With the acceleration of global broadband, the expansion of submarine optical cable systems, and the in-depth implementation of China’s “One Belt, One Road” and maritime strategies, the market potential of submarine optical cables will be unlimited in the future.
In 2016, the submarine optical cable market achieved great development. Data show that the global submarine optical cable market exceeded US$1.06 billion for the whole year, an increase of nearly 2 times compared with 2014.
The growth rate is not unpleasant.
At the same time, the compound annual growth rate is expected to remain at 5% before 2022, and the entire submarine optical cable market will reach US$1.4 billion by then.
Although the size of the submarine optical cable market is steadily increasing globally, the driving factors are not the same.
For overseas markets, it is mainly due to the changing market role of large ICP manufacturers; for the Chinese market, it is mainly due to the dual promotion of network expansion and policy support.
