Cable Laying Vessels Comprehensive Market Research Study: Insights, Trends, Growth, Demand, and Size Analysis - Forecast to 2030
About Cable Laying Vessels
A Cable Laying Vessel is a type of sea-going vessel designed to lay underwater communication cable networks. This vessel is specifically built to lay cable lines underwater. However, since cable laying work is not a year-round activity, a Cable Laying Ship is also used as a research ship to monitor various events in the oceanic and sea waters. The main purpose of a cable-laying vessel is to establish communication and networking between offshore structures or between areas and continents of the world by laying underwater cables on the seabed. The cable is usually stowed in a cable carousel, which is a horizontal rotating table. The cable is then unreeled at a speed that matches the cable laying process. Today, the largest cable-layers can stow and lay up to 9,000 tones of cables on board or more. The cable-laying vessel market can solidify its position as a crucial element in building a more robust and interconnected global energy and communication infrastructure.
Key players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Key players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future. Van Oord (Netherland), Nexan (France), GMG (United Kingdom), Prysmian Group (Italy), Jan De Nul (Belgium), Royal Boskalis Westminster N.V. (France), Seaway7 ASA (Norway), Nexans SA (France), Global Marine (United Kingdom) and Deepocean (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are E Marine Pjsc (Dubai), ASEAN Cableship Pte Ltd. (Singapore), Orange Marine (France), Damen Shipyards Group (Netherlands) and Prysmian Group (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Cable Laying Vessels market by Type (Power Cable Laying Vessel, Umbilical Cable Laying Vessel and Others) and Region.
On the basis of geography, the market of Cable Laying Vessels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Below 1000 tons will boost the Cable Laying Vessels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Water depth , the sub-segment i.e. Shallow Water will boost the Cable Laying Vessels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Offshore Oil & Gas will boost the Cable Laying Vessels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising deployment submarine fiber optic cable
Market Growth Drivers:
Increasing focus on offshore renewable energy and Growing investment in offshore wind farms
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Challenges:
High cost of the cable laying vessel
Restraints:
Shortage of worked skilled force.
Opportunities:
Advancement in cable Laying Vessel capability and Increasing of adoption of high voltage direct current technology
Market Leaders and their expansionary development strategies
In April 2024, Kalypso Offshore Energy has signed a Letter of Intent with Royal IHC to build America’s first Jones Act-compliant cable laying vessel (CLV). The collaboration between Kalypso and Royal IHC aims to fill a gap in the nation’s vessel capabilities and aims to domestically produce a 5,000-ton CLV. In June 2023, Alcatel Submarine Networks (ASN) launched a new cable ship. The company recently announced the inauguration of the Ile d'Yeu, a new cable installation vessel. The new ship is ASN’s seventh cable ship overall, and fifth dedicated to laying cables.
Key Target Audience
Manufacturing Companies, Market Research & Consultancy Firm, Potential Investors, Government & Regulatory Bodies and Others