The global submarine cable system market size is expected to reach USD 22.0 billion by 2025 from USD 13.0 billion in 2020 at an 11.1% CAGR. The growth of the submarine cable system industry can be attributed to the surge in global bandwidth demand, increasing internet connection worldwide, rising new offshore wind capacity additions, and growing demand for inter-country & island connections.
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Submarine Cable System Market Segments
By Component
• Wet Plant Products
• Dry Plant Products
By Offering:
• Installation & Commissioning
• Maintenance Others
• Upgrades
By Type:
• Single Core
• Multicore
By Voltage:
• Medium Voltage
• High Voltage
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