India Optical Fiber Cables Market to Grow at 13% till 2021
Favourable government initiatives, increasing
broadband penetration and digitization of Cable TV to aid India optical fiber
cables market
According to TechSci Research
report “India Optical Fiber Cables Market By Type, By Material Used, By End User,
Competition Forecast & Opportunities, 2011 – 2021”, the optical fiber cables market in India is anticipated to
grow at a CAGR of over 13% during 2016 – 2021. Growth in the market is anticipated
on account of growing adoption of smartphones and growing demand for internet
driven applications like HDTV, video on demand, faster file sharing, etc. Moreover,
growing technological advancements increase in
the number of connected devices and rise in the number of data centers are
expected to positively influence India optical fiber cables market over the
span of next five years.
A huge number of working class population in
India own high-end smartphones supporting various technologies such as Wi-Fi,
3G, etc. This class of consumers, in particular, is boosting the demand for
on-the-go high speed data services. As a result, the government of India has announced
various projects to build and strengthen OFC network for addressing the
country’s increasing data transmission requirements. In addition, digitization
of cable TV network has been mandated in the country, which is further propeling
the demand for optical fiber cables in the country.
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“Nationwide connectivity projects
launched by the government such as National Optical Fiber Network (NOFN) and
National Fiber Spectrum (NFS), and the rollout of 4G in the country are bound
to boost data transmission volumes, thereby making expansion of OFC
installations critical for supporting the planned network expansions. In
addition, next generation technologies such as LTE and FTTx, which require last
mile connectivity, is expected to propel the demand for optical fiber cables in
the coming years.’’ said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Optical Fiber Cables Market
By Type, By Material Used, By End User, Competition Forecast &
Opportunities, 2011 – 2021” has evaluated the future growth potential of India optical fiber cables market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in India optical fiber cables market.
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