February 27, 2023 04:38 ET | Source: Research and Markets Research and Markets

Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Submarine Optical Fiber Cables: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Submarine Optical Fiber Cables Market to Reach $48 Billion by 2030 In the changed post COVID-19 business landscape, the global market for Submarine Optical Fiber Cables estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030. The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 12.4% CAGR The Submarine Optical Fiber Cables market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Looking Ahead to 2023 The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS

IV. COMPETITION A selection of companies mentioned in this report includes

For more information about this report visit https://www.researchandmarkets.com/r/3cwobs

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