2018-2025 Global Submarine Fiber Optic Cable Annual Compound Growth Rate Of 4%
The international market research institute Market Study Report recently released a global submarine fiber-optic cable research report that the global submarine fiber-optic cable market in 2018 is 2.67 billion US dollars, and is expected to increase to 3.66 billion US dollars by 2025, with a compound annual growth rate of 4.0%.
According to the report, the submarine fiber optic cable market is mainly driven by the growth of deep sea demand on a global scale. The deep sea accounts for nearly 76.65% of the total downstream consumption of global submarine fiber optic cables.
Submarine fiber optic cables (also known as submarine communication cables) are cable-like components but contain one or more fibers that carry light. The fiber optic components are typically individually coated with a plastic layer and contained in a protective tube that is suitable for the environment in which the cable will be deployed. Submarine cables are laid on the ocean floor to establish telecommunications between countries and regions.
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