Growing demand for high-speed internet and mobile connectivity along coastal areas and countries is significantly driving Cable Laying Vessel Market Demand for the deployment of undersea cables. Major players in the telecommunication industry are investing heavily in establishing communication links between countries. For instance, in 2022, Google announced plans to lay three new subsea cables linking the US, Asia, and Europe, with a total investment of over $3 billion over the next 5 years.
Technological advancements have improved the capabilities of modern cable laying vessels. Modern systems such as dynamic positioning systems with DP3 standard, integrated remote trenching systems, ROVs for route surveys and maintenance works have enhanced the accuracy and reduced risks associated with cable deployment. Caterpillar propulsion systems with high power ratings and state-of-the-art cable engines have increased production rates.
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