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Posted in Information Technology by Adolf on Jun 17,2023 626
Undersea cable systems, which are used in the undersea fiber optic cable, are made up of communication cables buried on the ocean floor connecting cable landing stations (CLS) on land to transfer telecommunication signals across oceanic stretches. Secure data is transferred internationally via fiber optic cables buried under the sea. The cables provide extremely high-capacity, highly dependable and secure communication links between various nations worldwide.
An underwater fiber optic cable offers transmission quality that is noticeably superior to that provided by a satellite. A few inches thick and containing only a few optical fibers, undersea fiber optic cables are thin. However, they can transmit at terabits per second (Tbps). Subsequent cable generations carried telephone traffic before moving on to data communications traffic. Digital data, such as phone, Internet, and private data traffic, is transported across modern cables using optical fiber technology.
Over 90% of global internet traffic is dependent on undersea fiber optic cables, and almost everybody relies on the internet for day-to-day activities. The Internet connects the world; thus, global internet traffic is increasing every other day, with Asia-Pacific accounting for approximately half of global internet traffic, thereby driving demand for undersea fiber optic cables.
For instance, in August 2022, STC, the telecommunication service provider, announced the launch of Saudi Vision Cable, which is the first high-speed cable in the Red Sea through its landing station in Jeddah, helps to enhance the internet speed and connects the country to the world. Additionally, faster communication, an increase in the high broadband demand, and an improvement in digital connectivity across the country are expected to be responsible for the growth of the undersea fiber optic cable market in Saudi Arabia in the upcoming years.
Also, with the rising use of 5G in developing countries, 5G proposals - a denser, fiber-rich network infrastructure, are expected to provide key performance indicators such as lower latency, higher data rates, ultra-high reliability, and more connected devices. Therefore, the introduction of the 5G network is anticipated to have a positive impact on the growth of Saudi Arabia Undersea Fiber Optic Cable Market. Additionally, high internet speed is required in various sectors. Additionally, countries are also setting up the 5G network infrastructure. To meet the high demand for 5G connectivity, telecom leaders are relying on undersea fiber optic cables.
Further, due to the lockdowns imposed in the country, the COVID-19 pandemic has resulted in an increase in work-from-home (WFH). This has led to an increase in the number of home broadband connections installed. Furthermore, as the novel coronavirus evolves and more companies prefer remote work for longer periods of time, the demand for home broadband connections is increasing. As a result, the demand for a Fiber-to-the-Home (FTTH) communication network is driving the market toward exponential growth.
Speaking about net-zero carbon emission, Saudi Arabia is strongly emphasizing cross-sector, cross-border, and cross-vector strategic collaborations to hasten the transition to net-zero carbon emissions. In sparsely populated locations, several low-cost renewable energy sources are situated far from load centers. The locations of the resources are typically far away from the centers of energy demand, spanning international borders. An efficient management of energy surpluses and deficits across the region is required for cross-border electricity commerce, which is made possible by the interconnectedness of power grid infrastructure. The need for energy is driven by the requirements of an expanding middle-class population as well as easier access to contemporary energy sources.
Saudi Arabia Undersea Fiber Optic Cable Market is anticipated to grow at a steady pace in the forecast period, 2024-2028, and register a CAGR of more than 10% during the forecast period. The expansion of the market is therefore fueled by regulatory backing as well as changes to current regulations to boost international electricity trade.
Also, the market is segmented into Fiber Type, Cable Design, End-Use Industry, Insulation Type, application, regional distribution, and competitive landscape.
Some of the major market players in the Saudi Arabia Undersea Fiber Optic Cable Market are NEC Saudi Arabia Ltd, Middle East Fiber Cable Manufacturing Co, Saudi Cable Company, Ciena Corporation, Stc pay Saudi, SubCom, LLC, Etihad Etisalat (Mobily), Alcatel Submarine Networks, NEC Corporation, HMN Technologies Co., Limited.