As the long pending fiber optic network projects get backing from the government authorities, analysts predicts robust growth in Indian fiber optic market in the coming years. The ministry and even the Prime minister of India had directly presided over a meeting to review the progress of national optical fiber network. In India optical fiber cables market is expected to grow robustly mainly due to the expansion of telecom infrastructure throughout the country announced by various operators, state and central government organizations. The growth will sustain at least for over the next five years.
India is the second largest telecom market worldwide, yet the telephone density in India is comparable to that of many of the under developed countries. Even developing countries show higher penetration rates compared to India. One of the ancient civilizations on the earth, accommodating highest number of people below poverty level, India is home to some of the world’s richest businessmen. Industrial development and overall enthusiasm in investment market in India is driving growth in telecom market as well. India exhibits high data traffic owing to increasing penetration of smartphones and growing demand for broadband services. The market research report published by ReportLinker will be useful for those who are interested in Indian fiber optic market.
We have reported within the past two weeks about upcoming new fiber optic cable manufacturing facilities in India. Some of them are new entrants, while some are expansions of existing companies. Overall there are more than 16 companies that are into fiber optic cable manufacturing in India. National optic fiber network (NOFN) is a game changer for India. NOFN was introduced by the telecom planning department to provide broadband services to Indian rural mass. Projects announced by mobile service providers, the special purpose vehicle created for deploying broadband, the BBNL and defense network etc has been creating significant demand for optical fiber cable installations throughout India.
In India, consumers are increasingly shifting towards internet driven applications like HDTV, video on demand and high speed file sharing. The market research report from ReportLinker throws light to the hidden opportunities for fiber optic business in India. In order to address the soaring demand for high speed data transmission, the government of India along with telecom giants is investing substantial capital in upgrading the country’s telecom infrastructure. Old copper telephone cables were being replaced by fiber optic cables. All these factors are consequently providing a considerable thrust to the optical fiber cable market in India, the report reveals.
The report is named “India Optical Fiber Cables Market Forecast & Opportunities, 2020” and is now available for sale. the optical fiber cables market in India is expected to surpass US$ 424 million by 2020. Nationwide connectivity projects launched by the government such as National Optical Fiber Network (NOFN) and National Fiber Spectrum (NFS), and the anticipated 4G Rollout in the country are bound to boost data transmission volumes, thereby making expansion of OFC installations critical for supporting the planned network expansions. In addition, next generation technologies such as LTE and FTTx, which require last mile connectivity, would also propel the demand for optical fiber cables in the coming years. “India Optical Fiber Cables Market Forecast & Opportunities, 2020” discusses the following aspects of OFC market in India:
– India Optical Fiber Cables Market Size, Share & Forecast
– Segmental Analysis – By Application Industry, By Company, By Region
– Trade Dynamics – Import and Export Scenario
– Changing Market Trends & Emerging Opportunities
– Competitive Landscape & Strategic Recommendations
The report is helpful if you intend to expand your business or if you want to enter in to Indian market to tap the potential. The report is useful to gain an in-depth understanding of OFC market in India. The report finds and identifies the on-going trends and anticipated growth in the next five years. The report would be helpful to industry consultants, manufacturers and other stakeholders align their market-centric strategies. The report also provides information that would be helpful to take business decisions and add to presentations and marketing material.
Contact Clare for more details.
International: +1 339-368-6001