Call +1(917) 993 7467 or connect with one of our experts to get full access to the most comprehensive and verified construction projects happening in your area. Close Section
Global Cable Laying Vessel Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

Global Cable Laying Vessel Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

Market Research Reports | Q1 2024 | Report ID: BR0540

About the Report

In recent years, the global cable laying market has witnessed remarkable growth, fueled by several key factors. These include the expanding telecommunications infrastructure, the widespread utilization of subsea cables in the offshore oil and gas industry to connect platforms with mainland power grids, and the increasing deployment of offshore wind energy projects, which have led to a substantial increase in the demand for cable laying vessels.


However, the global cable laying vessel market faces restraints like high capital investment, strict environmental regulations, economic uncertainty, competition, and substantial maintenance costs.


Increasing Deployment of Offshore Wind Energy Projects

Amidst the pressing concern of climate change, countries worldwide are increasingly focusing on the offshore wind sector as a potential solution. Governments globally are setting ambitious climate goals, aiming to reduce greenhouse gas emissions, shift away from fossil fuels, and attain carbon neutrality. These commitments are frequently part of broader international agreements like the Paris Agreement.


Policymakers and energy planners are drawn to the offshore wind sector for its immense potential. Unlike onshore wind farms, which may encounter land availability and community opposition issues, offshore wind farms benefit from abundant and consistent wind resources in open waters. This strategic positioning provides various advantages, including stronger and more reliable winds, minimized visual impact, and the opportunity to construct larger and more powerful turbines.


After COP26, there has been a notable surge in offshore wind ambition globally. In response to the energy crisis triggered by the Ukraine-Russia war, especially in Europe, numerous governments are either establishing new targets or raising existing ones. Offshore wind is recognized as a vital solution to bolster energy security and combat climate change. This rapid expansion is driven by technological advancements and growing public demand for clean and sustainable energy sources.

For instance, the European Commission's REPowEU plan aims to free Europe from Russian fossil fuels before 2030. Embraced by Denmark, the Netherlands, Belgium, and Germany, the Esbjerg Declaration sets an ambitious target of achieving 150 GW of offshore wind capacity by 2050. 


Moreover, the UK Government has increased its offshore wind target by 10 GW, aiming for 50 GW by 2030. Beyond Europe, countries like Vietnam are actively pursuing significant offshore wind expansions as part of their Power Development Plan 8 (PDP8). These initiatives reflect a growing recognition of offshore wind as a key solution to enhance energy security and combat climate change on a global scale.


In 2022, global offshore wind capacity experienced a substantial increase of 9.4 GW, largely driven by China's impressive growth of 6.8 GW. Although the new capacity added in 2022 was slightly lower than in 2021, primarily due to the expiration of the Chinese feed-in tariff, it still exceeded the capacity added in 2020.


Global Annual Offshore Wind Power Installations


Governments are actively fostering the growth of the offshore wind sector by implementing supportive policies, providing incentives, and streamlining regulatory processes. Additionally, they are making investments in research and development to drive technological advancements, aiming to make offshore wind energy more cost-effective and efficient. 


In January 2022, a noteworthy milestone was reached in the Brazilian power generation industry as the President of the Republic approved and published Decree No. 10,946/2022. This regulatory innovation marks the establishment of a framework for exploring offshore wind energy in Brazil. The decree is a crucial step towards unlocking the country's potential for harnessing wind resources from its offshore areas and signifies Brazil's commitment to embracing renewable energy sources to meet its power needs.


Hence, with the growing offshore wind energy market, the demand for cable laying vessels is expected to increase in the future, as nations around the world have expedited the deployment of renewable energy in their energy plans. 


Current Scenario of Cable Laying Vessels Market

The growing demand for submarine cables is outpacing the availability of cable ships for deployment and maintenance, leading to longer project timelines and increased costs for cable owners. The capacity crunch is attributed to factors like the retirement of older cable ships, limited new build options, and the rising complexity of submarine cable projects. With only a few newer vessels available among the approximately 60 vessels worldwide, the average age of cable ships is 25 years. Building a new cable ship can cost between USD 200 million and USD 500 million, and typical cable projects take around two years to complete.


The capacity crunch is a significant challenge for the submarine cable industry, but potential solutions, like innovative technologies for more efficient cable laying, may help address the issue in the future.


Recent Developments

  • In July 2023, Nexans SA, a France-based company, revealed its plans for expanding its presence in the offshore wind and interconnection market. The company intends to achieve this expansion by incorporating a third generation cable laying vessel into its fleet. This strategic move signifies Nexans' commitment to meet the growing demand for cable laying services in the offshore energy sector and strengthen its position as a key player in the industry.
  • In June 2023, Alcatel Submarine Networks (ASN) made a significant advancement in the cable laying industry by launching a new cable installation vessel named "Ile d'Yeu." The inauguration took place at the Port of La Rochelle in France. This new vessel marks ASN's seventh cable ship in total, and it is the company's fifth ship dedicated to laying cables. 
  • Cable supplier NKT AS has announced its investment plans totaling €1 billion. The company intends to utilize this significant investment to establish a new factory and procure a state-of-the-art cable-laying vessel. This strategic move is expected to enhance NKT's manufacturing capacity and efficiency while bolstering its capabilities in subsea cable operations. 
  • Prysmian Group, a global cable enterprise, is investing approximately €200 million in a new cutting-edge cable-laying vessel and EUR 40 million for cable equipment adjustments. The vessel will be fully operational by Q1 2025, reinforcing Prysmian's project execution capabilities and EPCI approach.
  • XLCC, a UK-based HVDC cable company, has successfully concluded model testing on its recently unveiled cable laying vessel (CLV). The vessel, designed by salt ship design and announced last year, is specifically intended for deployment in the renewable energy sector.
  • VARD, a subsidiary of the Fincantieri group, has secured a contract valued at approximately EUR 200 million to design and construct a new cable laying vessel for Prysmian Group. The specialized vessel will be equipped with DP3 positioning and seakeeping system, while the maximum transit speed will exceed 16 knots.


The new market research report from Blackridge Research on the Global Cable Laying Vessel Market comprehensively analyzes the Global Cable Laying Vessel Market and provides deep insight into the current and future state of the industry.


The study examines the market dynamics, and regional trends influencing Global Cable Laying Vessel Market demand and growth.


The report also addresses present and future market opportunities, market trends developments, and the impact of COVID-19 on the cable laying vessel market, important commercial developments, trends, regions, and segments poised for fastest growth, the competitive landscape, and the market share of key players.


Further, the report will also provide Global Cable Laying Vessel Market size, demand forecast, and growth rates.


What Do We Cover in the Report?

Global Cable Laying Vessel Market Drivers & Restraints

The study covers all the major underlying forces that help the market develop and grow and the factors that constrain growth.


The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.


Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyze the degree of impact.


Global Cable Laying Vessel Market Analysis

This report discusses an overview of the market, the latest updates, important commercial developments and structural trends, and government policies and regulations.


This section provides an assessment of COVID-19's impact on Global Cable Laying Vessel Market demand.


Global Cable Laying Vessel Market Size and Demand Forecast

The report provides Global Cable Laying Vessel Market size and demand forecast until 2028, including year-on-year (YoY) growth rates and CAGR.


Global Cable Laying Vessel Market Industry Analysis

The report examines the critical elements of the cable laying vessel industry supply chain, its structure, and participants.


Using Porter's five forces framework, the report covers the assessment of the cable laying vessel industry's state of competition and profitability.


Global Cable Laying Vessel Market Segmentation & Forecast

The report dissects the Global Cable Laying Vessel Market into various segments. 


A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.


Further, market size and demand forecasts will be presented, along with various drivers and barriers for individual market segments.


Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for "bespoke" market segmentation to better align the research report with your requirements.


Regional Market Analysis

The report covers detailed profiles of major countries across the world. Each country's analysis covers the current market scenario, market drivers, government policies and regulations, and market outlook.

In addition, market size, demand forecasts, and growth rates will be provided for all regions.


Following are the notable countries covered under each region.

North America: United States, Canada, Mexico, and the Rest of North America

Europe: Germany, France, the United Kingdom (UK), Russia, and the Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, and the Rest of APAC

Rest of the world: Middle East, South America, South Africa, and other countries


Key Company Profiles

This report presents detailed profiles of key companies in the cable laying vessel industry, such as Global Marine Group, Royal Boskalis Westminster NV, Deme Group, Jan De Nul Group, Van Oord, Seaway7 ASA., etc. In general, each company profile includes - overview of the company, relevant products and services, a financial overview, and recent developments.


Competitive Landscape

The report provides a comprehensive list of notable companies in the market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.


The study also discusses the strategies adopted by leading players in the industry.


Executive Summary

Executive summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.


The report begins with an executive summary chapter and ends with Conclusions and Recommendations.


Get a free sample copy of the Global Cable Laying Vessel Market report by clicking the "Download a Free Sample Now!" button at the top of the page.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1 Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

6. Regional Market Analysis

  • 6.1 Asia-Pacific
  • 6.2 North America
  • 6.3 Europe
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 Global Marine Group
  • 7.2 Prysmian S.p.A.
  • 7.3 Jan De Nul Group
  • 7.4 Royal Boskalis Westminster N.V.
  • 7.5 Seaway7 ASA
  • 7.6 Nexans SA
  • 7.7 Van Oord Dredging and Marine Contractors bv
  • 7.8 Deme Group
  • 7.9 Other Notable Players

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures


Additional Notes


  This report helps to:-

  • Gain a deeper understanding of the impact of Covid-19 on the global cable laying vessel market.
  • Equip yourself with rigorous analysis and forward-looking insights into the global cable laying vessel market across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demands across various segments evolve over the next few years.
  • Gain a comprehensive view of emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Who need this report?

  • Wind Energy Companies
  • Telecommunication Companies
  • Shipbuilding Companies
  • Investor Community
  • Financing Companies
  • Government Bodies & Industry Organizations

  What's included

Report - Global Cable Laying Vessel Market Outlook to 2028.pdf
Market Data Sheet - Global Cable Laying Vessel Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Cable Laying Vessel Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Cable Laying Vessel Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Want to know about Current Offers?

Offer 1 - Save with Multiple Purchases - Buy two reports or more and instantly save up to 15% off.

Offer 2 - Introductory offer for new customers - Flat 10% off on your first purchase.

To learn more about the report and our other current offers, contact us here or You can send an email to

  Analyst access from Blackridge Research

All report purchases come with up to 60 minutes of phone time with an expert analyst who will assist you in connecting the report's key findings to the business issues you're dealing with. This must be used within three months of the report's purchase.

The above telephone time is excluding the post-purchase analyst support for any queries that you may have up to one year.

  Free Report Customization

We offer free customization of value USD 1500 for every report that you purchase. Get in touch with us to know more about free customization and our exciting custom research services.

  Further information

If you have any questions about this market research study, please do not hesitate to contact our research team using the top Contact us button, or you may also reach out at or call one of our Business Development managers:

AMERICAS (USA): +1 (917) 993 7467

ASIA (India): +91 8500 460 460

  Common Questions

You can purchase the report directly by selecting the licence type above and paying with a credit or debit card. Please contact for other payment options.

We can provide quarterly and half yearly report updates. Please contact for more information.

Single User License
The Single User License will provide access to only one user.

Team User License
The Team License will provide access only up to 7 users. This is great for a team.

Corporate License
This Premium package is ideal for large companies. By having Corporate license, any employee of your organization or its subsidiaries can access the report. You will also receive free industry update after six months and also a white label powerpoint presentation.

Yes, if you'd like to select certain sections of the report, please contact

The report publication process involves several steps: Secondary Research, Discussion Guide Preparation, Primary Research (interviews, surveys, among others), Data Triangulation, Market Engineering, Data Validation, and Report Writing. One of the research specialists will explain the research process in detail. For more details about the report methodology, contact us at

If for any reason you're not satisfied with the report, just email us at We will make sure it's resolved!

We're here to help from day one, with 24/6 outstanding support. For report purchases, we will provide post-purchase analyst support for any queries that you may have related to report up to one year.

Got a Question?

Sujith will help you find what you are looking for.

Call: +1 (917) 993 7467
+91 8500 460 460


Haven’t found what you’re looking for?

More than 70% of our clients seek customized reports. Reach us out to get yours today!

Please Enter Business Email Address

By clicking "Submit" you are indicating that you have read and agree to be bound by the Blackridge Terms of Service and Privacy Policy .