Because the cable industry is always on the move, Prysmian Group is always on the move with it. The submarine cable market is projected to reach USD 26.16 billion by 2025, representing a compound annual growth rate (CAGR) of just over 12%. As a world leader in the energy and telecom cable systems sector with decades of experience, Prysmian is constantly innovating to anticipate the needs of this fast expanding market.
The Group is especially active in the field of new installation solutions across the globe and its knowledge of submarine cable laying is second to none. With three of the most specialized cable-laying vessels already in operation (Giulio Verne, Cable Enterprise and Ulisse). Prysmian now has a fourth vessel in build, Leonardo da Vinci, that will reinforce the fleet by 2Q 2021.