India Optical Fiber Cables Market 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.
India Optical Fiber Cables Market Drivers and Restrains:
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.
India Optical Fiber Cables Market Segmentation 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.
India Optical Fiber Cables Market Geographical Analysis:
Geographically, the India optical fiber and accessories market is segmented into North ( Delhi, Haryana, Himachal Pradesh, and Uttar Pradesh), South (Andhra Pradesh, Telangana, Karnataka, Kerala, Pondicherry, and Tamil Nadu), East (West Bengal, Bihar, Jharkhand, Odisha, Chhattisgarh, and Assam), and West ( Goa, Gujrat, Maharashtra, Rajasthan, and Madhya Pradesh).
The North region held the largest share of the India optical fiber and accessories market in 2018 and is expected to hold XX% of the overall market during the forecast period. An increase in penetration of optical fiber technologies in developing economies owing to several upcoming projects. However, East region is likely to expand at a high CAGR of XX% during the forecast period thanks to the presence of major IT players and growing number of small and medium enterprises (SMEs) in the region.
India Optical Fiber Cables Market Competitive landscape
Major Key players operating in this market are Sterlite Technologies Limited, Finolex Cables Ltd., Birla Cable Limited, Vindhya Telelinks Ltd., Universal Cables Limited and Polycab India Limited. Manufacturers in the India Optical Fiber Cables are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
The objective of the report is to present a comprehensive analysis of India Optical Fiber Cables Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Optical Fiber Cables Market dynamics, structure by analyzing the market segments and project the India Optical Fiber Cables Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India Optical Fiber Cables Market make the report investor’s guide.
Scope of the India Optical Fiber Cables Market:
India Optical Fiber Cables Market, by Type:
India Optical Fiber Cables Market, by Material:
India Optical Fiber Cables Market, by End User:
• IT & Telecom
• MSO (Triple Play)
India Optical Fiber Cables Market, by Geography:
India Optical Fiber Cables Market, Major Players:
• Sterlite Technologies Limited.
• Finolex Cables Ltd.
• Birla Cable Limited
• Vindhya Telelinks Ltd.
• Universal Cables Limited
• Polycab India Limited
• Gupta Power Infrastructure Ltd.
• KEC International Limited
• APAR Industries Limited
• Aksh OptiFibre Ltd.
• Himachal Futuristic Communications Ltd.
• UM Cables Limited
• Uniflex Cables Limited
• West Coast Optilinks
• Paramount Communications Limited, etc.
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