According to a report titled, ?India Optical Fiber Cables Market Forecast and Opportunities, 2020,? the optical fibre cable (OFC) market in India is expected to be over $424 million by 2020.
The report underlines that consumers are increasingly adopting data intensive applications such as high definition TV, video on demand and file sharing. Therefore, going forward, higher data consumption on account of increasing penetration of smartphones and growing demand for broadband services are going to be the key growth drivers for the OFC market in India.
Further, the report points out that government led connectivity projects such as National Optical Fibre Network and the National Fibre Spectrum and the mass rollout of 4G networks are also going to contribute to the growth of OFC market in India. These projects are expected to boost data demand in the country, thereby making expansion of OFC installations critical for supporting the planned network expansions.
At present, the government as well as private telecom operators are making significant investments in upgrading the country?s telecom infrastructure. The existing network of copper cables is being overhauled by using advanced fibre optic technology, thereby providing a boost to OFC market in India.
