Introduction of the Optical Fiber Cables Market Report

Optical fiber cables consist of plastic or glass threads of wires that have the capacity to transfer data at high speeds. It is the technology that involves the transmission of data using light pulses traveling along with long fiber and is unaffected by electromagnetic interference. The fibers are designed in a way that they facilitate the propagation of light with the optical fiber depending upon the requirement of distance and power of transmission.

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Market Dynamic

Key Drivers and Emerging Trends

The key factor driving the growth of the India optical fiber cables market is growing investments in optical fiber cable network infrastructure by the Indian government to increase internet penetration across the nation. Favourable government initiatives such as Digital India and Smart Cities Vision are supplementing growth opportunities in the region. Furthermore, the rising demand for optical fiber cables from the IT & telecom industry, growing adoption of FTTH (fiber to the home) connectivity, rising number of data centers, and the increasing number of mobile devices are some other factors propelling the growth of the market.

The fiber optic cable manufacturers in India are investing in their research & development activities to develop smaller fibers and cables owing to the rising demand for high fiber count cables in reduced diameters by the telecom companies. For instance, in 2020, Prysmian Group released a portfolio of cables that makes use of optical fibers with a diameter of 180µm (micrometers).  Furthermore, in 2020, Narendra Modi, the prime minister of India, inaugurated the submarine optical fiber cable connecting Port Blair and Chennai through video conferencing. This connectivity enables the delivery of faster and more reliable landline and mobile telecommunication services to the Andaman & Nicobar Islands. These factors play a crucial role in augmenting the growth of the optical fiber cables market in India.

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Cable Type – Segment Analysis

Based on the cable type, the single-mode cable segment is anticipated to witness a faster CAGR over the forecast period. Single-mode cables have the capability of carrying higher bandwidths and offer users with a high transmission rate in addition to around 50 times longer distance as compared to multi-mode cables. The widespread implementation of 5G, the emergence of the internet of things (IoT) and rise in the adoption of fiber-to-the-home (FTTH) connectivity are some other factors that are significantly supplementing the growth of the single-mode cable segment in the optical fiber cables market in India.

End-User – Segment Analysis

Based on end-user, the IT & telecom segment is expected to grow at a higher CAGR over the forecast period. The optical fiber cable is a significant building block in the telecommunication infrastructure. Fiber optics are catering to extensive bandwidth demands, particularly telecommunication companies, and have become the preferred transmission medium. Moreover, the explosion of data traffic from several sources, which includes e-commerce, internet, multimedia (voice, video, and data), and computer networks, has increased the need for a transmission medium that is capable of handling higher bandwidth for vast amounts of information. These factors are contributing to the growth of the IT & telecom segment in the optical fiber cables market in India.

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Key Developments: 

• • In 2020, HFCL Limited started the commercial production of optical fiber cables in the Hyderabad facility for fiber-to-the-home (FTTH) applications. With this step, HFCL Limited has become the largest manufacturer of FTTH cables in India with a capacity of 6 lakhs kms per annum.
  • In 2020, BIRLA CABLE LTD. proposed to increase the capacity for the manufacturing of optical fiber cables with the addition of 96848 Cable Kilometers from existing 81848 Cable Kilometers. The proposed capacity required the investment of INR 1,700 lakh.

Segments covered in the Report:

The India optical fiber cables market has been segmented on the basis of cable type, material type, and end-user. Based on cable type, the market is segmented into single-mode cable and multi-mode cable. Based on material type, the market is segmented into plastics optical fiber and glass optical fiber. Based on end-user, the market is segmented into IT & telecom, BFSI, defense & aerospace, cable antenna television (CATV), manufacturing, and others. 

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Key questions answered in this research report:

• • At what pace is India optical Fiber cables market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India optical Fiber cables market? What will be the impact of drivers and restraints in the future?
  • Which cable type generated maximum revenues in 2019 and identify the most promising cable type during the forecast period?
  • What are the material type areas of India optical Fiber cables market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Cable Type, By Material Type
Regional Coverage	India
Companies Profiled	Profiles of Top 10 Major Companies Operating in “India Optical Fiber Cables Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

India Optical Fiber Cables Market by Cable Type

• • Single-Mode Cable
  • Multi-Mode Cable

India Optical Fiber Cables Market by Material Type

• • Plastics Optical Fiber
  • Glass Optical Fiber

India Optical Fiber Cables Market by End-User

• • IT & Telecom
  • BFSI
  • Defense & Aerospace
  • Manufacturing
  • Cable Antenna Television (CATV)
  • Others