India Optical Fiber Cables Market is Expected to Witness Fastest Growth in IT & Telecom During the Forecast Period
Growing broadband penetration, demand for low-cost smartphones,
cable TV digitization, along with 5G rollout are expected to drive the India
optical fiber cables market through 2028.
According to
TechSci Research report, "India Optical Fiber Cables Market – By
Region, Competition, Forecast & Opportunities, 2018-2028, the India Optical
Fiber Cables Market is expected to register robust growth during the forecast
period, 2023-2028." The India Optical Fiber
Cables market is growing as a result of increased demand in the FTTX (Fiber to
the X or fibre in the loop) and telecommunications industries, as well as
technological advancements. Optical Fiber Cables (OFC) are made up of strands of
glass fibers enclosed in an insulated casing. They are intended for
high-performance, long-distance data networking and telecommunications. Fiber
optic cables have a higher bandwidth than wired cables and can transmit data
over longer distances. The internet, cable television, and telephone systems
all rely on fiber optic cables.
Fiber optic cable is a medium
for high-speed data transmission. It is made up of tiny glass or plastic
filaments that transport light beams. Rapid light pulses transmit digital data
through the cable. Fiber optic technology has become increasingly popular for
local Internet connections in recent years. Fiber optics are microscopic
strands of very pure glass the size of a human hair. Thousands of these optical
fibers are bundled together in optical cables to transmit light signals over
long distances.
A large proportion of India's
working-class population owns high-end smartphones that support various
technologies such as Wi-Fi, 3G, and so on. This demographic, in particular, is
driving up demand for high-speed data services on the go. As a result, the
Indian government has announced a number of projects to build and strengthen
the OFC network in order to meet the country's growing data transmission needs.
Furthermore, the country has mandated the digitization of cable TV networks,
which is driving up demand for OFC networks. Currently, telecom service
providers, internet service providers, multiple system operators, cable TV
operators, defense agencies, and power utilities are among the major users of
OFCs.
COVID-19 had a negative influence on the
optical fiber cable market due to the strict lockdowns and social distancing
norms implemented to contain the virus' spread. Economic uncertainty, a partial
business shutdown, and low consumer confidence all impacted demand for optical
fiber cables. During the pandemic, the supply chain was hampered, as were
logistics activities. However, due to the relaxation of restrictions, the
optical fibre cable market is expected to pick up speed in the post-pandemic
scenario.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "India Optical Fiber Cables Market"
India optical fiber cables
market is segmented into type, material, deployment, application, end-user and
region. Based on type, the market is further divided into single-mode &
multi-mode.
On the basis of material, the market is further bifurcated
into glass & plastic. Based on deployment, the market is further segmented
into underground, underwater and aerial. Based on application, the market is further
segmented into sensing, wiring, transmission, light guide, imaging &
others.
On the basis of end user, the market is further segmented
into IT & telecom, government, BFSI, healthcare, defence, and others. The
IT & Telecom segment held the dominant market share in the market
during 2022 and is expected to register the fastest CAGR during the
forecast period due to increased demand for greater bandwidth and faster speed
connections. These factors have increased the demand for optical fibre cable
and connectors in the telecommunications industry. For the transmission of
cable television, Internet, and telephone signals, a number of
telecommunications firms predominantly use optical fiber. Researchers at Bell
Labs claim that internet speeds of more than 100 petabit kilometers per second
have been attained via fiber-optic transmission.
Based on region, the market is further fragmented
into south, west, north & east.
Top companies are investing heavily in the
evaluation and analysis of optical fiber cable technologies in order to improve
the product offering associated with industrial developments across the
country. R&D activities result in operational effectiveness, technological
advancements, and performance optimization. The rising demand for FTTH (Fiber
to the Home) connectivity across India is one of the primary factors driving
the market for Optical Fiber Cables.
Key market players in the Optical
Fiber Cables market include:
- Sterlite Technologies Limited
- Himachal Futuristic
Communications Ltd.
- Aksh OptiFiber Limited
- Finolex Cables Limited
- Birla Cables Limited
- Vindhya Telelinks Limited
- UM Cables Limited
- Uniflex Cables Limited
- West Coast Optilinks
- Paramount Communications
Limited
Download Free Sample Report
Customers can also request
10% free customization on this report.
"The government of India
is doing everything to contribute to the expansion of telecom infrastructure,
which is expected to boost the India Optic Fiber Cables Market during the forecast
period. This is evident from the government's involvement in various telecom
support projects, such as the National Optic Fiber Network (NOFN), which
connects Gram Panchayats in rural India with a primary telecom network for
high-speed data transmission and internet services. Over the next five years,
the NOFN project is expected to be a major driver of OFC installations in India."
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
India management consulting firm.
"India Optical Fiber Cables Market Segmented By Type
(Single-Mode & Multi-Mode), By Material (Glass & Plastic), By
Deployment (Underground, Underwater & Aerial), By Application (Sensing,
Wiring, Transmission, Light Guide, Imaging & Others), By End-User (IT &
Telecom, Government, BFSI, Healthcare, Defense & Others), By Region, Competition, Opportunity, and
Forecast, 2018-2028F", has
evaluated the future growth potential of Optical Fiber Cables and provides statistics and information on market structure,
size, share, and future growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the India Optical Fiber
Cables Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com