India Optical Fiber Cables Market
- 2600.00 Dollar US$
- Published date: June 27, 2020
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- Pune, Pune, Maharashtra, India
was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of 17.2% during forecast period of 2019 to 2026. Optical fiber cable (OPC) is used as the medium and technology that refers to transmit information. The information is transmitted through optical cables as rapid light pulses. The optical fiber offers many features such as increased bandwidth, decreased size and weight, electromagnetic interference immunity, data security, electrical isolation, and others. These are used in communication applications, which contain IT & Telecom, Government, MSO (Triple Play), Defense, Healthcare and in non-communication applications such as sensor, fiber optic lighting, and others. For instance, the Indian government has been financing in OFC network infrastructure to surge internet penetration around the country, which is in line with the government's initiatives such as Digital India and Smart Cities Mission. An increase in penetration of broadband connections in India, rise in need for fast and developed networking and network services are expected to be the major drivers of the India optical fiber and accessories market growth. The India optical fiber cable market is driven by the widespread implementation of 5G, increase in adoption of fiber to the home (FTTH) connectivity and emergence of internet of things (IoT). However, High installation cost and growth in the wireless communication systems are hampering the market growth at the global level. Technological advancements in the fiber optic cable technology and rising investments in optical fiber cable (OFC) network infrastructures are likely to create lucrative opportunities in India optical fiber cables market. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Based on the end users, the India optical fiber cables market has been segmented into IT & Telecom, Government, MSO (Triple Play), Defense and Healthcare. The IT & Telecom segment held the dominant market share of XX% in 2018 and is expected to grow at the largest CAGR of XX% during the forecast period owing to growth in need for greater bandwidth and faster speed connections. These factors have amplified the demand for optical fiber cable and connectors in the telecom sector. Optical fiber is mostly used by several telecommunications companies to transmit telephone signals, cable television signals and Internet communication. For instance, according to researchers at Bell Labs have touched internet speeds of over 100 petabit kilometer per second by fiber-optic communication.
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