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Forecast Period
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2023-2028
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Market Size (2022)
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USD 542.40 Million
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CAGR (2023-2028)
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10.85%
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Market Size (2028)
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USD 979.39 Million
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Fastest Growing Segment
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Underwater & Aerial
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Largest Market
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North India
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India optical fiber
cables market is expected to grow during the forecast period, because of the
Indian government's rising investments in optical fiber cable network
infrastructure, in accordance with programs such as the Smart Cities Vision and
Digital India. Furthermore, rising demand for OFC from the IT (Information
Technology) and telecom sectors, an increase in the number of mobile devices,
increased adoption of FTTH (Fiber to the Home) connectivity, and an increase in
the number of data centres are expected to fuel the optical fiber cables market
in India during the forecast period.
Glass fibres are
enclosed in an insulating sheath in fiber-optic cables. It aids in the
transmission of high-speed data over long distances. Fiber-optic lines have
greater bandwidth and can transport data over greater distances than
traditional cables. Throughout the world, telephone and cable television
services rely on fiber-optic connections. Each fiber optic cable contains one
or more glass strands that are only a few thousandths of a millimetre thick.
Every thread's core is what allows light to pass through it. The core is
covered by a thick glass known as cladding to prevent signal attenuation and
allows light to pass through curves in the cable.
India has a well-established
backbone network that connects states and the centre. While the OFC network
exists up to the block level, the backhaul network has yet to be integrated
into the optical fibre cable network. Around 80-90% of tower backhaul
connections continue to use microwave links, which do not support higher
bandwidth capabilities. The fibre has almost limitless bandwidth potential.
With increased rural penetration, spectrum scarcity is likely to worsen, and as
a result, demand for OFC for backhaul and BTS (base transceiver station) access
is expected to rise.
The ability to
transmit data using light pulses has enabled many world-changing innovations,
thanks to the optic fiber cable technology's unparalleled progress in various
industries. Various advantages of optical fibre cables, such as enormous
bandwidths, low transmission loss, immunity to cross talk, electrical
isolation, small size, low cost, signal security, ruggedness, and flexibility,
have paved the way for the optical fiber cables market's tremendous growth.
Growing Adoption of Wireless Communication
Systems is Fueling the Market Growth
The growth of the fibre optic cable market is
expected to be limited by the increased adoption of wireless communication
systems. Wireless service demand has risen dramatically in recent years. The Internet
of Things (IoT) and other emerging technologies have accelerated the adaption
of wireless communication systems. As a result of the requirements for remote
working and learning, the Internet has become a necessary component of people's
life. Several pandemic survivors who relocated to tier 2 and tier 3 cities
recognized the importance of wireless technology. As a result, the widespread
use of wireless communication systems is impeding the expansion of the fiber
optic cable market.
Emergence of Wavelength Division multiplexing
(WDM) is Driving Market Growth
The most recent technological advancement in
fiber cables is wavelength division multiplexing (WDM). Wavelength division
multiplexing is a technique for multiplexing the wavelengths of laser lights to
multiplex the number of optical carrier signals through a single optical fibre
channel. WDM enables communication in all directions through a fiber cable.
WDMs are used on a single optical fibre to combine light signals from multiple
optical fibers. This is completed by utilizing a coupler at the WDM input. The
market for WDMs is anticipated to grow at the fastest rate in Asia-Pacific,
with several Chinese businesses driving the charge, such as ZG Technology and
Optic Network Technologies.