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The global Cable-laying Vessel market size was valued at USD 587.37 Million in 2022 and will reach USD 913.59 Million in 2028, with a CAGR of 7.64% during 2022-2028.
Cable-laying vessel is a deep-sea vessel designed and used to lay underwater cables for telecommunications, electric power transmission, military, or other purposes. A Cable-laying vessel is built with every modern gadget required to make the process of laying the intricate lines of cable on the oceanic floor simpler. Submarine cable installation is made possible by the tools and equipment that are on board cable-laying vessels, including ploughs, which are used to bury the cable; cable engines, which are used to tension the line; and cable-laying reels, which are used to store and pay out the cable. Cable-laying vessel is enabled with Dynamic Positioning and Dynamic Tracking systems which pinpoint the exact location of the ship in the mid-ocean and lay the underwater cables, such as telephone cables, electric power cables, or fiber optic lines appropriately.
The global economy has been significantly impacted by the COVID-19 pandemic, with the maritime sector being one of the hardest hits. According to the International Chamber of Shipping, the industry could lose up to $12 billion in income this year as a result of the pandemic.The market for cable-laying vessels is one of the important marine industry subsectors that has been impacted by the pandemic. For a number of uses, including telecommunications, power transmission, and oil and gas pipelines, these vessels are used to lay undersea cables. Since many of the projects that these vessels were utilized for during the Covid-19 epidemic have been postponed or cancelled due to the economic crisis, there has been a substantial decline in demand for cable laying vessels.
International power grid interconnections provide links between the electricity transmission systems of two or more adjoining countries. Thus, interconnections allow those countries to share power generation resources. Demand for submarine power cables is rising for cross-border power grid connections in order to improve reliability.
As the developed and the developing countries have drifted towards the use of the internet, the global cable-laying vessel market has now been spread into North America, Europe, China and Japan. Europe is the dominant player in the cable-laying vessel market. Europe is leading in both cable-laying vessel production and cable laying services.
One of the key factors propelling the cable-laying vessel market is the rising demand for high-speed internet and data services. The need for faster internet connections is being driven by the rising demand for streaming services, online gaming, and other data-intensive activities. The demand for cable-laying vessels that can install high-capacity undersea cables has increased due to the need for faster and more dependable connectivity. The significant demand for submarine cables for high-speed broadband and mobile connectivity in subsea fuels the growth of the cable laying vessel market.
Offshore wind cable laying vessels are expensive to build and operate, which can be a barrier for some companies looking to enter the market. Moreover, finding skilled workers to operate these specialized vessels can be difficult, limiting the number of companies that can participate in the market.
Region Overview:
In 2021, the share of the Cable-laying Vessel market in Europe stood at 37.63%.
Company Overview:
Fincantieri
Fincantieri S.p.A. is an Italian shipbuilding company headquartered in Trieste, Italy. Fincantieri designs and builds merchant, passenger, offshore and naval vessels and is also active in the refit and ship repair industry. Already the largest shipbuilder in Europe, the acquisition of Vard in 2013 doubled the size of the Fincantieri Group to become the fourth largest in the world (2014). The company builds commercial and military vessels.
ulstein wirft
The Ulstein Group is a family-owned company comprising maritime companies in the fields of ship design and solutions, shipbuilding and shipping. Ulstein's vision is to create tomorrow's solutions for sustainable marine operations. The company was founded in 1917 and is headquartered in Ulsteinvik, Norway.
Fincantieri is one of the key players in the cable-laying vessel market with a share of 27.00% by 2022.
Segmentation Overview:
According to the length of the cable-laying vessel, the market can be divided into those with a length of more than 100 meters and those with a length of less than or equal to 100 meters. Cable-laying vessels with a length of more than 100 meters account for a bigger market share, due to there being currently more cable-laying vessels with a length of more than 100 meters in the market.
Application Overview:
On the basis of cable types, the cable-laying vessel market can be segmented into Power Cable and Communication Cable. Telecommunication companies are laying thousands of kilometers of optical fibers cable to connect countries and continents.
The Cable-laying Vessel market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Cable-laying Vessel market covered in Chapter 4:
Fincantieri
Colombo Dockyard
Fujian Mawei
Ulstein Verft
In Chapter 12 and Chapter 14.1, on the basis of types, the Cable-laying Vessel market from 2018 to 2028 is primarily split into:
Vessel length less than or equal to 100 m
Vessel length greater than 100 m
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Cable-laying Vessel market from 2018 to 2028 covers:
Power Cable
Communication Cable
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Cable-laying Vessel market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Cable-laying Vessel market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Cable-laying Vessel industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Cable-laying Vessel industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Cable-laying Vessel market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Cable-laying Vessel market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Cable-laying Vessel market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Cable-laying Vessel market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Cable-laying vessel is a deep-sea vessel designed and used to lay underwater cables for telecommunications, electric power transmission, military, or other purposes. A Cable-laying vessel is built with every modern gadget required to make the process of laying the intricate lines of cable on the oceanic floor simpler. Submarine cable installation is made possible by the tools and equipment that are on board cable-laying vessels, including ploughs, which are used to bury the cable; cable engines, which are used to tension the line; and cable-laying reels, which are used to store and pay out the cable. Cable-laying vessel is enabled with Dynamic Positioning and Dynamic Tracking systems which pinpoint the exact location of the ship in the mid-ocean and lay the underwater cables, such as telephone cables, electric power cables, or fiber optic lines appropriately.
The global economy has been significantly impacted by the COVID-19 pandemic, with the maritime sector being one of the hardest hits. According to the International Chamber of Shipping, the industry could lose up to $12 billion in income this year as a result of the pandemic.The market for cable-laying vessels is one of the important marine industry subsectors that has been impacted by the pandemic. For a number of uses, including telecommunications, power transmission, and oil and gas pipelines, these vessels are used to lay undersea cables. Since many of the projects that these vessels were utilized for during the Covid-19 epidemic have been postponed or cancelled due to the economic crisis, there has been a substantial decline in demand for cable laying vessels.
International power grid interconnections provide links between the electricity transmission systems of two or more adjoining countries. Thus, interconnections allow those countries to share power generation resources. Demand for submarine power cables is rising for cross-border power grid connections in order to improve reliability.
As the developed and the developing countries have drifted towards the use of the internet, the global cable-laying vessel market has now been spread into North America, Europe, China and Japan. Europe is the dominant player in the cable-laying vessel market. Europe is leading in both cable-laying vessel production and cable laying services.
One of the key factors propelling the cable-laying vessel market is the rising demand for high-speed internet and data services. The need for faster internet connections is being driven by the rising demand for streaming services, online gaming, and other data-intensive activities. The demand for cable-laying vessels that can install high-capacity undersea cables has increased due to the need for faster and more dependable connectivity. The significant demand for submarine cables for high-speed broadband and mobile connectivity in subsea fuels the growth of the cable laying vessel market.
Offshore wind cable laying vessels are expensive to build and operate, which can be a barrier for some companies looking to enter the market. Moreover, finding skilled workers to operate these specialized vessels can be difficult, limiting the number of companies that can participate in the market.
Region Overview:
In 2021, the share of the Cable-laying Vessel market in Europe stood at 37.63%.
Company Overview:
Fincantieri
Fincantieri S.p.A. is an Italian shipbuilding company headquartered in Trieste, Italy. Fincantieri designs and builds merchant, passenger, offshore and naval vessels and is also active in the refit and ship repair industry. Already the largest shipbuilder in Europe, the acquisition of Vard in 2013 doubled the size of the Fincantieri Group to become the fourth largest in the world (2014). The company builds commercial and military vessels.
ulstein wirft
The Ulstein Group is a family-owned company comprising maritime companies in the fields of ship design and solutions, shipbuilding and shipping. Ulstein's vision is to create tomorrow's solutions for sustainable marine operations. The company was founded in 1917 and is headquartered in Ulsteinvik, Norway.
Fincantieri is one of the key players in the cable-laying vessel market with a share of 27.00% by 2022.
Segmentation Overview:
According to the length of the cable-laying vessel, the market can be divided into those with a length of more than 100 meters and those with a length of less than or equal to 100 meters. Cable-laying vessels with a length of more than 100 meters account for a bigger market share, due to there being currently more cable-laying vessels with a length of more than 100 meters in the market.
Application Overview:
On the basis of cable types, the cable-laying vessel market can be segmented into Power Cable and Communication Cable. Telecommunication companies are laying thousands of kilometers of optical fibers cable to connect countries and continents.
The Cable-laying Vessel market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Cable-laying Vessel market covered in Chapter 4:
Fincantieri
Colombo Dockyard
Fujian Mawei
Ulstein Verft
In Chapter 12 and Chapter 14.1, on the basis of types, the Cable-laying Vessel market from 2018 to 2028 is primarily split into:
Vessel length less than or equal to 100 m
Vessel length greater than 100 m
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Cable-laying Vessel market from 2018 to 2028 covers:
Power Cable
Communication Cable
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Cable-laying Vessel market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Cable-laying Vessel market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Cable-laying Vessel industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Cable-laying Vessel industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Cable-laying Vessel market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Cable-laying Vessel market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Cable-laying Vessel market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Cable-laying Vessel market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
