Cable Laying Vessel Market Size, Share, Growth Analysis, By Vessel Type(Cable Laying, Cable Repairing), By Capacity(Below 1000 Tons, 1000 – 3000 Tons, 3001 – 5000 Tons, 5001 – 7000 Tons), By Water Depth(Shallow Water, Deep Water), By End User(Offshore Oil & Gas, Offshore Wind Farms, Telecom, Other), By Region - Industry Forecast 2024-2031

Cable Laying Vessel Market size was valued at USD 1.17 billion in 2019 and is poised to grow from USD 1.29 billion in 2023 to USD 2.73 billion by 2031, at a CAGR of 9.88% during the forecast period (2024-2031).

Large geographic areas that are frequently important hubs of trade and communication can access high-speed broadband connectivity and Internet capacity thanks to submarine cables. The demand for future growth is met by submarine cables, which ease current capacity restrictions. Submarine cables are increasingly being used for data transmission between points in the telecommunications industry as a result of these advantages. Deep-ocean cables typically have a diameter of 17 to 20 mm, or the size of a garden hose or beer bottle cap, and lack protective armor. The diameter of armored fiber optic cables can reach 50 mm. Contrarily, fishing trawls typically measure over 5,000 to 50,000 mm wide, and submarine oil/gas pipes can be as large as 900 mm in diameter. The South East Asia-Middle East-West Europe-3 system (SE-ME-WE-3) is one of the longest cable systems, with a total installed length of almost 40,000 km (including branches). Many Cable laying vessels are already designed with travel in mind, and over the past several years, participation in adventure sports and other leisure activities has significantly increased, fueling the market's expansion.