Saudi Arabia Undersea Fiber Optic Cable Market to Grow at a robust CAGR through 2028

Rising internet usage by the population in the country and digital acceptance are driving Saudi Arabia Undersea Fiber Optic Cable market.

According to TechSci Research report, “Saudi Arabia Undersea Fiber Optic Cable Market - By Region, Competition Forecast & Opportunities, 2028”, the population in the country is focusing on digital acceptance to enhance lifestyle and make work easy which is boosting the growth of the undersea fiber optic cable market in Saudi Arabia. Undersea fiber optic cable helps to connect Saudi Arabia to the world. Additionally, India’s government focuses on the “One world One Sun” which helps to connect the Asia pacific region, middle east and Africa region together and supply renewable energy from one region to another region with the help of undersea fiber optic cable.  According to news a 3 Giga Watts Undersea project is expected to involve a capital expenditure of USD 5 billion which includes the cost of cables which is made of copper or aluminum, and the installation of ships & terminals at two ends. These initiatives help to fuel the marking growth of the undersea fiber optic cable market in the upcoming years.

Based on cable design, Loose Tube is the leading segment in Saudi Arabia Undersea Fiber Optic Cable Market as these provide the finest protection for fibers under high pulling strains and can be easily protected from moisture with water-blocking gel or tapes. Loose tube cables have proven to be the ideal alternative for difficult environmental conditions outside. The centre loose tube is also labor-saving and environmentally favorable for cable installation. The user can easily remove the thin film with an accessible ripcord thanks to the fast access technology utilized in loose tube cables, which can cut cable access times by up to 60%. Because loose tubes are simple to handle and maintain, their demand is rising in the Saudi Arabia market for undersea fiber optic cables.

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Based on Insulation type pe, Cross-Linked Polyethylene is one of the leading segments in Saudi Arabia Undersea Fiber Optic Cable Market as plumbing issues can sometimes be resolved more cheaply and more easily by cross-linking. Compared to more conventional approaches, it is more economical. The number of telecommunications businesses is quickly expanding, which is driving demand for cross-Linked Polyethylene for insulation. This is also due to increased building and infrastructure activities.

In terms of regional analysis, the Saudi Arabia Undersea Fiber Optic Cable Market is segmented into Eastern Region, Northern & Central Region, Western Region, Southern Region. The central region is one of the leading regions in Saudi Arabia Undersea fiber optic cable market. The central region is one of the leading regions that launched “Saudi Vision 2030” and many leading companies’ headquarters are in the central region i. e Riyadh. l.

The goals of Saudi Vision 2030 include economic diversification and government actions, which are expected to positively impact the fiber optic cable market. For instance, the STC Group unveiled Saudi Vision Cable, the first high-speed cable in the Red Sea, on August 25, 2022, following its landing in Jeddah. The project, known as Saudi Vision Cable, was motivated by the Kingdom's Vision 2030.

The Saudi Vision Cable connects Jeddah, Yanbu, Dibba, and Haql, the principal subsea centers in Saudi Arabia's Red Sea cities, over a distance of 1,160 kilometers. Alcatel Submarine Networks provides the privately held Saudi Vision Cable, which is owned by STC (ASN). With 16 fiber pairs and an 18Tbps design per pair, the Saudi Vision Cable connects the four cable landing sites of STC in Jeddah, Yanbu, Duba, and Haql. For the undersea cables in the area, the Saudi Vision Cable will be a game-changer since it will provide a special, low-latency path connecting the main subsea hubs in Saudi Arabia's Red Sea cities. Access to all international cables will be made available in the landing stations and information centers of the STC Group via the cable, which will also serve to increase the cost-effectiveness and flexibility of the single efficient fiber optic platform.

Key market players in the Saudi Arabia Undersea Fiber Optic Cable Market include:

• 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.

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“The Saudi Arabia Undersea Fiber Optic Cable Market is expected to grow during the forecast period owing to increased demand for subsea cable systems among telecom operators, technology advancements, which promise faster undersea transmissions, the role of ai in submarine telecom cable systems, and service providers' focus on improving the flexibility of submarine cable networks. The oil-rich gulf countries, including Saudi Arabia, are also looking to diversify energy requirements to fire their power plants. In KSA, 52% of electricity is generated from natural gas, 40% from oil, and 8% from steam. Saudi Arabia is focusing on increasing its 55 Gigawatts capacity to 120 gigawatts by 2032. Thus all these factors are expected to drive the market in the upcoming years, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Undersea Fiber Optic cable Market By Fiber Type (Single-mode fiber and Multi-mode fiber), By Cable Design (Ribbon Tube, Loose Tube, Micro Loose Tube and Others), By End-Use Industry (IT & Telecommunication, Energy & Power and Others), By Insulation Type (Cross-Linked Polyethylene, Oil-Impregnated Paper, Resin-Impregnated Paper, Others), By Application (Deep-Sea Fiber Optic Cable, Shallow Sea Fiber Optic Cable), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Saudi Arabia Undersea Fiber Optic Cable Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Saudi Arabia Undersea Fiber Optic Cable Market.

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