India Optical Fiber Cables Market to Reach $424 Million by 2020

Strategic Insights -

The Indian optical fiber cables market is poised for significant growth due to the expansion of telecom infrastructure and increasing demand for high-speed data transmission. Driven by the penetration of smartphones and growing demand for broadband services, consumers are shifting towards internet-driven applications like HDTV, video on demand, and high-speed file sharing. To address this demand, the government and telecom giants are investing heavily in upgrading the country's telecom infrastructure, leading to a considerable thrust to the OFC market in India.

Key Takeaways:

  • The Indian optical fiber cables market is expected to surpass $424 million by 2020, driven by the expansion of telecom infrastructure and growing demand for high-speed data transmission.
  • The government's nationwide connectivity projects, such as National Optical Fiber Network (NOFN) and National Fiber Spectrum (NFS), will boost data transmission volumes and propel the demand for optical fiber cables.
  • The anticipated 4G rollout in the country and the adoption of next-generation technologies such as LTE and FTTx will also drive the demand for optical fiber cables in the coming years.
  • The OFC market in India is segmented by application industry, company, and region, with the majority of demand coming from the states of Uttar Pradesh, Maharashtra, and Gujarat.
  • The report highlights the importance of identifying on-going trends and anticipated growth in the next five years, as well as the need for industry consultants, manufacturers, and stakeholders to align their market-centric strategies.
  • The report provides a comprehensive analysis of the OFC market in India, including market size, share, and forecast, as well as trade dynamics, import and export scenario, changing market trends, and emerging opportunities.

Statistics:

  • The Indian optical fiber cables market is expected to grow at a CAGR of 17.2% from 2015 to 2020, driven by the increasing demand for high-speed data transmission.
  • The market is anticipated to reach $424 million by 2020, with the majority of demand coming from the telecommunications sector.
  • The government's nationwide connectivity projects, such as NOFN and NFS, will invest over $2 billion in the expansion of optical fiber infrastructure in the next five years.
  • The adoption of next-generation technologies such as LTE and FTTx will drive the demand for optical fiber cables in the coming years, with a projected growth rate of 25% per annum.
  • The report highlights the importance of creating a robust and efficient optical fiber network infrastructure in India, with the potential for a 5-fold increase in data transmission capacity.

Sources:

  • "India Optical Fiber Cables Market Forecast & Opportunities, 2020" (Report)
  • National Optical Fiber Network (NOFN) website
  • National Fiber Spectrum (NFS) website
  • Reportlinker website
  • PR Newswire press release (Source: Reportlinker)