Global Cable Laying Vessel Market is expected to reach a value of US$ 2.42 Billion by 2028, at a CAGR of 9.88% over the forecast period (2022 - 2028)

According to the latest research by SkyQuest Technology, the Global Cable Laying Vessel Market was valued at US$ 1.17 billion in 2021, and it is expected to reach US$ 2.42 billion by 2028, with a CAGR of 9.88% during the forecast period of 2022 - 2028. The research provides up-to-date Cable Laying Vessel market analysis of the current market landscape, latest trends, drivers, and overall market environment.

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Submarine cables allow for high-speed broadband connectivity and Internet capacity across vast geographic areas that are frequently significant hubs of trade and communication. Submarine cables alleviate capacity constraints already in place and meet the demand for future growth. Due to these benefits, submarine cables are being utilised more frequently in the telecommunications sector for data transmission between sites. Deep-ocean cables typically have a diameter between 17 and 20 mm, or about the same size as a garden hose or the cap of a beer bottle, and are unprotected. Fibre optic cables with armour can have a diameter of 50 mm. On the other hand, subsurface oil/gas pipes can be as large as 900 mm in diameter, and fishing trawls are routinely around 5,000 to 50,000 mm wide.

Demand for cross-border integrated electricity networks is driving the demand for underwater cables. The demand for underwater power cables and cable laying vessels can be related since these vessels are designed for the installation, maintenance, and decommissioning of submarine cables. Thus, it is projected that rising demand for cross-border integrated power grids and increased undersea cable construction will propel the cable laying vessel market.

Read market research report, "Global Cable Laying Vessel Market By Vessel Type (Cable Laying, Cable Repairing), By Capacity (Below 1000 Tons, 1000 - 3000 Tons, 3001 - 5000 Tons, 5001 - 7000 Tons, And Above 7000 Tons), By Water Depth (Shallow Water, Deep Water), By End User (Offshore Oil & Gas, Offshore Wind Farms, Telecom, Other) & By Region - Forecast and Analysis 2022-2028" by SkyQuest

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Cable laying vessel market will likely be dominated by Europe. The development of renewable technologies like wind for electricity generation is experiencing a dramatic rise in investments throughout Europe. Strict rules to control GHG emissions from power generation facilities are one of the main factors promoting the use of renewable resources for energy production. Several European countries also offer financial assistance and incentives to promote the use of renewable resources. Tax breaks, tradable green certificates based on quotas, feed-in tariffs, and investment subsidies are some of these incentives. Offshore wind is one of the most widely used sources of renewable energy in the region. Submarine cables must be used for electricity transfer from offshore locations.

There is a rising need for submarine power cables for cross-border power grid connections in order to improve reliability. The world's longest subsea interconnector cable, measuring 590 kilometres in length, connects the Netherlands and Norway. The UK is connected to France, the Netherlands, Ireland, and Northern Ireland by four subsea cable interconnectors, and several more are either being developed or proposed.

The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Samsonite International SA, Herschel Supply Co, USWE Sports AB, Patagonia Inc, Marmot Mountain among others.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Cable Laying Vessel Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
● Drivers- Investment in offshore exploration and production of conventional and unconventional resources has significantly increased as a result of the presence of oil and gas reserves in deep and ultra-deep waters. The surge in demand for oil and gas as well as other petroleum products as well as the volatility in oil prices around the world have also forced market participants to make sizeable investments in new offshore oil and gas reserves.
● Restraint- To support the rising demand for internet services, infrastructure is needed. In order to expand the current fibre optic network globally, more subsea cables must be added. This global movement is however being slowed down by a supply and demand issue. Suppliers have experienced delays of between 12 and 18 months as a result of severe shortages in fibre cables and ODN infrastructure. There is a shortage of capacitors, flash memory, and other electronic components as well.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Cable Laying Vessel Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Cable Laying Vessel Market Trends
• Comprehensive Mapping of Cable Laying Vessel Industry Parameters
• Attractive Investment Proposition in the Global Cable Laying Vessel Industry
• Competitive Strategies Adopted by Cable Laying Vessel Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Cable Laying Vessel Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Cable Laying Vessel market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Cable Laying Vessel Market Sales
• Parent market analysis
• Product portfolio benchmarking

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SkyQuest has segmented the Global Cable Laying Vessel Market based on Vessel Type, Capacity, Water Depth, End User, and Region:
● Global Cable Laying Vessel Market by Vessel Type (Revenue, US$ billion, 2022 - 2028)
o Cable Laying
o Cable Repairing
● Global Cable Laying Vessel Market by Capacity (Revenue, US$ billion, 2022 - 2028)
o Below 1000 Tons
o 1000 - 3000 Tons
o 3001 - 5000 Tons
o 5001 - 7000 Tons
o Above 7000 Tons
● Global Cable Laying Vessel Market by Water Depth (Revenue, US$ billion, 2022 - 2028)
o Shallow Water
o Deep Water
● Global Cable Laying Vessel Market by Service (Revenue, US$ billion, 2022 - 2028)
o Offshore Oil & Gas
o Offshore Wind Farms
o Telecom
o Other
● Global Cable Laying Vessel Market By Region (Revenue, US$ billion, 2022 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

Key Players in the Global Cable Laying Vessel Market
● Van Oord (Netherlands)
● Nexan (France)
● Royal Boskalis Westminster N.V. (France)
● Royal Ihc (Netharlands)
● Asean Cableship Pte Ltd. (Singapore)
● E-Marine Pjsc (Dubai)
● Global Marine (UK)
● Ntt Engineering Marine Corporation (Japan)
● Prysmian Group (Italy)
● Nkt A/S (Denmark)
● Deepocean (Norway)
● Damen Shipyards Group (Netharlands)
● Seaway 7 (Norway)
● Orange Marine (France)

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