Cable Laying Vessel Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The demand for Cable Laying Vessel is witnessing an uptick on account of increasing internet usage and adoption of renewable sources of energy. The Cable Laying Vessel market is expected to grow with a significant CAGR in the coming years. Deep on the ocean floor there are communication cables made to carry signals from one land to another. The first undersea communications cables, laid in the 1850s, carried telegraphy. Now these cables carry phone and Internet traffic. Yet, they remain relatively hidden in the depths of the ocean. Cables are small: deep-ocean types, without protective armour, are typically 17-20 mm diameter – the size of a garden hose or beer bottle cap. Armoured fibre-optic cables may reach 50 mm diameter. In contrast, submarine oil/gas pipes can reach 900 mm diameter, and fishing trawls typically range over 5,000 – 50,000 mm wide. One of the longest cable systems is the South East Asia - Middle East - West Europe 3 system (SE-ME-WE-3), with a total installed length (including branches) of almost 40,000 km

Key reason for the growth of the market is Eco-friendly cable laying vessels are transforming. Fincantieri Norwegian subsidiary Vard - one of the major global shipbuilders of specialized vessels, has entered an agreement for the design and construction of eco-friendly cable laying vessel with Dutch company Van Oord - a specialist in the offshore industry. Rapidly growing offshore wind farm activities are driving the growth of the cable laying vessel market. Manufacturers are increasing their focus to develop specialized, high performance vessels in order to withstand demanding environmental conditions. Engineers are increasing R&D to develop vessels that lead to reduced carbon footprint during operations and port mooring.

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Globally, cable factories have been running at maximum capacity to meet the requirements for dozens of new cables under construction around the world. The closure of two factories—and potentially others because of the Covid-19 pandemic—will not immediately have negative repercussions on global connectivity, but it will push back the deployment of new systems. Delays in permits were already an issue facing the industry prior to COVID-19. With the importance of connectivity at its pinnacle, it is more vital than ever for governments to expedite permits to ensure swift repairs. All this is expected to quickly recover when the pandemic ends and grow the cable laying vessels market.

According to ‘UnivDatos Market Insights (UMI)’ research report “Cable Laying Vessel Market Analysis, 2020”, the Cable Laying Vessel market is projected to grow at a CAGR of X% during 2021-27F. Increasing use of the Internet is one of the prominent reasons which is driving the market of the Cable Laying Vessel. For Instance: One of the longest cable systems is the South East Asia - Middle East - West Europe 3 system (SE-ME-WE-3), with a total installed length (including branches) of almost 40,000 km.

Based on the Capacity, the market is fragmented into Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, and Above 7000 Tons. 5001 – 7000 Tons segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. This segment is the most popular as most 5000-7000 tons capacity vessels can lay a large amount of cable at a good speed and with high efficiency and due to high capacity they can carry good quality cables as well. For example, The Ndurance has a 5,000-ton capacity turntable for worldwide cable-laying activities.

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Water Depth Segment to Witness Robust growth

Based on Water Depth, the market is fragmented into Shallow Water and Deep Water. Shallow Water Segment had the highest revenue and CAGR growth in the analyzed period. Installing a submarine transmission cable is a costly and challenging activity. The lifetime of a submarine cable might be tens of years and the technical interventions for its repairing in case of faults are also costly and difficult. 

Based on the Vessel Type, the market is fragmented into A Cable Laying and Cable Repairing. Cable Repairing segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. The first step in repairing an underwater cable that can be thousands of miles long is figuring out where the damage is located. The general location is found by internet and phone outages, or in the case of electrical cable, the power outage.

Telecom Setting Segment to Witness Robust growth

Based on End-User, the market is fragmented into Offshore Oil & Gas, Offshore Wind Farms, Telecom, and Others. Telecom Segment had the highest revenue and CAGR growth in the analyzed period. As of 2021, we believe there are over 1.3 million kilometers of submarine cables in service globally. Some cables are quite short, like the 131 kilometer CeltixConnect cable between Ireland the United Kingdom. In contrast, others are incredibly long, such as the 20,000 kilometer Asia America Gateway cable.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the Region, North America dominated the Cable Laying Vessel market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to increasing number of internet users. For example, in 2021, North America had approximately 417 million internet users. North America is expected to skyrocket with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Cable Laying Vessel Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Van Oord, Prysmian Group, NEXANS, NKT A/S, Royal Boskalis Westminster N.V., DEEPOCEAN, Royal IHC, Damen Shipyards Group, ASEAN Cableship Pte Ltd., and Seaway 7 among others. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.

“Cable Laying Vessel Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Cable Laying Vessel providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Capacity (Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, Above 7000 Tons)
2. By Water Depth (Shallow Water, Deep Water)
3. By Vessel Type (Cable Laying, Cable Repairing)
4. By End-User (Offshore Oil & Gas, Offshore Wind Farms, Telecom, Others)
5. By Region (North America, Europe, Asia-Pacific, Rest of World)
6. By Company (Van Oord, Prysmian Group, NEXANS, NKT A/S, Royal Boskalis Westminster N.V., DEEPOCEAN, Royal IHC, Damen Shipyards Group, ASEAN Cableship Pte Ltd., Seaway 7, etc.)

Key questions answered in the study:

1. What are the current and future trends of the Cable Laying Vessel industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Cable Laying Vessel industry?
5. What is the customer orientation, purchase behavior, and expectations from the Cable Laying Vessel firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 CABLE LAYING VESSEL MARKET COVID-19 IMPACT

6 CABLE LAYING VESSEL MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY WATER DEPTH

9 MARKET INSIGHTS BY VESSEL TYPE

10 MARKET INSIGHTS BY END-USER

11 MARKET INSIGHTS BY REGION

12 CABLE LAYING VESSEL MARKET DYNAMICS

13 CABLE LAYING VESSEL MARKET OPPORTUNITIES

14 CABLE LAYING VESSEL MARKET TRENDS

15 LEGAL AND REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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