Cable Laying Vessel Market: Current Analysis and Forecast (2021-2027)

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Capacity (Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, Above 7000 Tons); Water Depth (Shallow Water, Deep Water); Vessel Type (Cable Laying, Cable Repairing); End-User (Offshore Oil & Gas, Offshore Wind Farms, Telecom, Others); Region and Country

Published:

Jan-2022

Pages:

232

Table:

52

Figure:

119

Report ID:

UMCG21645

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Cable Laying Vessel Market 2
Cable Laying Vessel Market 2

Cable Laying Vessel Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). A Cable Laying Ship is a sea going vessel designed to lay underwater communication cable networks. Since, in today’s times, underwater cable connectivity has become more relevant and useful, the importance and relevance of a Cable Laying Ship has also increased manifold. A Cable Laying Ship is created specifically to cater to the purpose of laying cable lines underwater. But at the same time since cable laying work does not take place round-the-clock and throughout the year, a Cable Laying Ship is also additionally used as research ships to monitor various happenings in the oceanic and sea waters. A Cable Laying Ship is built with every modern gadget required to make the process of laying the intricate lines of cable on the oceanic floor simpler. It 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 cable lines appropriately.

Key reason for the growth of the market is Eco-friendly cable laying vessels are transforming. Fincantieri Norwegian subsidiary Vard – one of the major global shipbuilders of specialized vessels, has entered an agreement for the design and construction of eco-friendly cable laying vessel with Dutch company Van Oord – a specialist in the offshore industry. Rapidly growing offshore wind farm activities are driving the growth of the cable laying vessel market. Manufacturers are increasing their focus to develop specialized, high performance vessels in order to withstand demanding environmental conditions. Engineers are increasing R&D to develop vessels that lead to reduced carbon footprint during operations and port mooring. 

Van Oord, Prysmian Group, NEXANS, NKT A/S, Royal Boskalis Westminster N.V., DEEPOCEAN, Royal IHC, Damen Shipyards Group, ASEAN Cableship Pte Ltd., and Seaway 7 are some of the prominent players operating in the Cable Laying Vessel market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Capacity, 5001 – 7000 Tons segment holds the major share”

Based on Capacity, the Cable Laying Vessel Market is segmented into Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons, and Above 7000 Tons. The 5001-7000 Tons segment is the most popular as most 5000-7000 tons capacity vessels can lay a large amount of cable at a good speed and with high efficiency and due to high capacity they can carry good quality cables as well. For example, The Ndurance has a 5,000-ton capacity turntable for worldwide cable-laying activities.

“Amongst Water Depth, Prescribed Segment holds the major share”

Based on Water Depth, the Cable Laying Vessels Market is segmented into Shallow Water and Deep Water. Shallow Installing a submarine transmission cable is a costly and challenging activity. The lifetime of a submarine cable might be tens of years and the technical interventions for its repairing in case of faults are also costly and difficult. Therefore, the cable route must be carefully surveyed and selected in order to minimize the environmental impact and maximize the cable protection.

“Amongst Vessel Type, Cable Repairing segment holds the major share”

Based on Vessel Type, the Cable Laying Vessel Market is segmented into Cable Laying and Cable Repairing. The first step in repairing an underwater cable that can be thousands of miles long is figuring out where the damage is located. The general location is found by internet and phone outages, or in the case of electrical cable, the power outage. Data cables are fiber optic, so a light pulse is sent through the cable that would normally go all the way to the other side.

“Amongst End-user, Telecom segment holds the major share”

Based on End-User, the Cable Laying Vessel Market is segmented into Offshore Oil & Gas, Offshore Wind Farms, Telecom, and Others. As of 2021, there are over 1.3 million kilometers of submarine cables in service globally. Some cables are quite short, like the 131 kilometer CeltixConnect cable between Ireland the United Kingdom. In contrast, others are incredibly long, such as the 20,000 kilometer Asia America Gateway cable.

“North America represents one of the largest markets of Cable Laying Vessel market”

For a better understanding of the market dynamics of the Cable Laying Vessel market, a detailed analysis was conducted for different regions across India including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America dominated the market and grabbed around XX% market share owing to increasing penetration of internet in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report

 

2.1.Research Process of the Cable Laying Vessel Market
2.2.Research Methodology of the Cable Laying Vessel Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Cable Laying Vessel Market Study

 

3MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

 

4EXECUTIVE SUMMARY

 

5CABLE LAYING VESSEL MARKET COVID-19 IMPACT

 

6CABLE LAYING VESSEL MARKET REVENUE (USD BN), 2019-2027F

 

7.1.Below 1000 Tons
7.2.1000 – 3000 Tons
7.3.3001 – 5000 Tons
7.4.5001 – 7000 Tons
7.5.Above 7000 Tons

 

8.1.Shallow Water
8.2.Deep Water

 

9.1.Cable Laying
9.2.Cable Repairing

 

10.1.Offshore Oil & Gas
10.2.Offshore Wind Farms
10.3.Telecom
10.4.Others

 

11.1.NORTH AMERICA CABLE LAYING VESSEL
 11.1.1.United States
 11.1.2.Canada
 11.1.3.Rest of North America
11.2.EUROPE CABLE LAYING VESSEL
 11.2.1.Germany
 11.2.2.United Kingdom
 11.2.3.France
 11.2.4.Spain
 11.2.5.Italy
 11.2.6.Rest of Europe
11.3.ASIA-PACIFIC CABLE LAYING VESSEL
 11.3.1.China
 11.3.2.Japan
 11.3.3.India
 11.3.4.Aurstralia
 11.3.5.Rest of Asia-Pacific
11.4.REST OF THE WORLD CABLE LAYING VESSEL

 

12.1.Drivers
12.2.Challenges
12.3.Impact Analysis

 

13CABLE LAYING VESSEL MARKET OPPORTUNITIES

 

14CABLE LAYING VESSEL MARKET TRENDS

 

15LEGAL AND REGULATORY FRAMEWORK

 

16.1.Demand Side Analysis
16.2.Supply Side Analysis
 16.2.1.Top Product Launches
 16.2.2.Top Business Partnerships
 16.2.3.Top Business Expansions, Investments and Divestitures
 16.2.4. Top Merger and Acquisitions
17VALUE CHAIN ANALYSIS

 

18.1.Competitive Landscape
 18.1.1.Company Shares, By Revenue

 

19.1.Van Oord
19.2.Prysmian Group
19.3.NEXANS
19.4.NKT A/S
19.5.Royal Boskalis Westminster N.V.
19.6.DEEPOCEAN
19.7.Royal IHC
19.8.Damen Shipyards Group
19.9.ASEAN Cableship Pte Ltd.
19.10.Seaway 7

 

20DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Cable Laying Vessel market were the three major steps undertaken to create and analyze the adoption of Cable Laying Vessel in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Cable Laying Vessel market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Cable Laying Vessel through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Cable Laying Vessel market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as Capacity, Water Depth, Vessel Type, End-User. Further country-level analyses were conducted to evaluate the overall adoption of Cable Laying Vessel in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Cable Laying Vessel. Further, we conducted factor analysis using dependent and independent variables such as increasing internet usage and growing adoption of wind farms. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Cable Laying Vessel sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Cable Laying Vessel market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Cable Laying Vessel across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Cable Laying Vessel market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Cable Laying Vessel Market 1
Cable Laying Vessel Market 1

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Cable Laying Vessel market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the Cable Laying Vessel market.

The main objective of the Cable Laying Vessel Market Study

The current & future market trends of Cable Laying Vessel were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Cable Laying Vessel in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type and their subtypes
  • Define and analysis of the regulatory framework for the Cable Laying Vessel industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Cable Laying Vessel market for the major region
  • Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World.
  • Company profiles of the Cable Laying Vessel market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry