Subsea Cable Spending Seen Reaching $9.8 Billion by 2029: Consultancy

December 3, 2024 |Wireline

Investment in and spending on subsea fiber optic cable systems is expected to be robust at least through 2029, Analysys Mason said Friday. The submarine cable market -- including new system investment current maintenance -- is expected to grow from $8 billion in 2023 to $9.8 billion in 2029. It said trans-Pacific and trans-Asia-Pacific routes will account for the bulk of deployed cable between 2024 and 2029.