North America, is projected to witness strong growth owing to the presence of several technology giants in the U.S. The vast rise in infrastructure upgrade activities owing to the global expansion of companies such as Facebook, Google, and Microsoft will lead to promising growth opportunities.
Albany, NY -- (SBWIRE) -- 01/23/2018 -- Market Research Hub (MRH) has freshly announced the addition of a new study to it wide repository, which aids readers with deep insight about marine cables and connectors market. Also, this research study covers all the leading companies functioning in the market across the world. The report titled "Marine Cables and Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025", evaluates the concerned market for the period between 2017 and 2022, offering growth rates, revenue share percentages and absolute dollar opportunities. In the present time, the research clearly stated in the study that the intensity of competition is high in this market and it is likely to remain so owing to the presence of a large number of companies.
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Marine cables and connectors are anticipated to be the next generation technology and thus different countries are indulged in widespread development and implementation of this product to streamline their infrastructure. The demand is high because, it provides a competitive advantage in terms of high performance, efficiency, and better transmission competences in compare to satellite communication. According to the key findings, the global marine cables and connectors market will exhibit a favorable CAGR of 5.3% from 2017 to 2025 and rise to US$14,081.3 mn by 2025 from an estimated valuation of US$8869.8 mn in 2015.
Geographical Expansion and Key Factors
Geography-wise, the global marine cables and connectors market was dominated by Europe in 2016. The stronghold of the region on the market is primarily due to the growing demand for energy-efficient and reliable fiber-optic cables with enhanced performance.
In addition, the research also finds that the market in Asia Pacific is likely to beat other regional markets over the forecast period owing to extensive investment in telecommunication application. For a clear understanding, the global marine cables and connectors market has been segmented on the basis of type, underwater depth, end-use industry and various regions. In terms of underwater depth, the marine cable and connector market is segmented into beach joint 1, beach joint 2, burial, and freelay. Based on end-use industry verticals, the market is segmented into military and defense, telecommunication, oil and gas, and power transmission.
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Furthermore, factors such as growing use of marine cables and connectors in increasing penetration of various technologies such as cloud and Internet of Things (IoT) across defense and military and commercial applications are expected to further bring significant growth in the overall market.
Above all, company profiles of the market participants are deliberated in the final chapters of the report. This information is merged with awareness about recent developments achieved by these market participants. The global marine cables and connectors market is dominated by players such as General Cable Company, Fujitsu Limited, TE Connectivity, Inc., SAMCO Inc., Molex, Scorpion Oceanics, Teledyne Marine, Huawei Marine, ZTT Corporation, Eaton Corporation Plc. and Nexans.
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