The study involved four major activities in estimating the size of the submarine cable systems market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.
Secondary Research
Various secondary sources were referred to in the secondary research process to identify and collect information pertinent to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the submarine cable system industry, the value chain of the market, the total pool of the key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology oriented perspectives.
Primary Research
In the primary research process, various primary sources, from both supply and demand sides, were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, SMEs, consultants, and related key executives from the major companies and organizations operating in the submarine cable system market.
After the complete market engineering process (which includes market statistics calculations, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical market numbers.
Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the submarine cable systems market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:
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Identifying various end users that are using or are expected to deploy submarine cable systems
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Analyzing each application, along with major related companies, and identifying the hardware and integrators for the implementation of a functional submarine cable systems ecosystem for power and communication applications
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Estimating the submarine cable systems market size, by end user
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Understanding the demand generated by companies operating across different applications
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Tracking the ongoing as well as upcoming projects of submarine cable systems and forecasting the market on the basis of these developments and other parameters such as macro-and-micro economic factors
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Carrying out multiple discussions with key opinion leaders to understand the submarine cable systems and services to analyze the breakdown of the scope of work carried out by each major company in the market
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Arriving at the market estimates by analyzing the revenue of market players in each country and totaling the revenue of all market players to arrive at regional market estimates
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Verifying and crosschecking the estimates at every level through discussions with key opinion leaders, including CXOs, directors, and operation managers; and, finally, with the domain experts at MarketsandMarkets
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Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained earlier, the overall market was split into several segments and subsegments. Market breakdown and data triangulation procedures were employed, wherever applicable, for the overall market engineering process, as well as to arrive at the exact statistics for all segments and subsegments. Data was triangulated by studying various factors and trends from demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.
Market Definition
Submarine cable systems are widely used for communication and power transmission. Submarine communication cables are laid on the seabed to carry telecommunication signals from one land-based station to another across oceans. Submarine power cables are laid on ocean beds, straits, or rivers to transmit electricity at high voltages over long distances and are primarily used to connect the mainland with large islands and mainland power grids with oil & gas platforms as well as to transmit electricity across countries or islands.
Stakeholders
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Telecommunication service providers
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Electricity providers
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Submarine cable system manufacturers
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Technology investors
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Research institutes and organizations
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Small and large technology centers
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Renewable energy solution providers
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Market research and consulting firms
Research Objectives
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To describe and forecast the submarine cable system market, by application, in terms of value & volume.
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To describe and forecast the submarine communication cable market, in terms of value, by component, offering, and region
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To describe and forecast the submarine power cable market, in terms of value, by end user, insulation, voltage, and type
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To describe and forecast the submarine communication cable market, in terms of value, for various segments in 6 main regions: Transatlantic, Transpacific, Intra-Asia, the Americas, Europe-Asia, and EMEA
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To describe and forecast the submarine power cable market, in terms of value, for various segments in 5 main regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
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To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the submarine cable system market
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To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
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To analyze the market opportunities for various stakeholders by identifying the high-growth segments of the submarine cable system market
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To profile key players and comprehensively analyze their market positions in terms of ranking and core competencies2
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To provide a detailed competitive landscape of the market
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To analyze competitive developments such as contracts, agreements, acquisitions, product launches, and partnerships in the submarine cable system market
Available Customizations:
MarketsandMarkets offers the following customizations for this market report:
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Further breakdown of the market in different regions to the country level
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Detailed analysis and profiling of additional market players (up to 5)
Shahmeer
Sep, 2022
Want to identify component that are covered within this report..