Press Release

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

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"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.


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