According to the research report, ?India Telecom Cable Market Forecast & Opportunities, 2019?, by TechSci Research, the telecom cable market in India is expected to reach $354.23 million by 2019. The research firm is of the view that the increase in the market size can be attributed to the growing number of telecom subscribers along with high penetration of smartphones. This has resulted in the rising demand for high speed data transmission and hence, will propel the demand for telecom cables in the country.
Further, the firm believes that the optic fibre cable market will grow and dominate throughout the forecast period given the rise in demand for high speed Internet in India. In 2013, the advanced optic fibre cables market accounted for about 50 per cent of the market share in value terms.
Moreover, the Digital India initiative of the government will help drive the adoption of the telecom cables in rural India to support the rising number of mobile subscribers. In addition, projects like Network for Spectrum (NFS), being implemented for the defence forces by Bharat Sanchar Nigam Limited, will also stimulate the market for telecom cables in the country along with the 4G network rollout in 2015.
