 "Smart phones & Internet to propel optical fibre cables market")
Rising sales of smart phones and increasing penetration of Internet is resulting in higher growth of optical fibre network in India. According to a report of TechSci Research, a global management consulting firm, the optical fiber cables market in India is anticipated to grow at a CAGR of over 13 percent during 2016-2021.
Growth in the market is anticipated on account of growing adoption of smartphones and growing demand for internet driven applications like HDTV, video on demand, faster file sharing, etc. Moreover, growing technological advancements increase in the number of connected devices and rise in the number of data centres are expected to positively influence India optical fibre cables market over the span of next five years.
A huge number of working class population in India own high-end smartphones supporting various technologies such as Wi-Fi, 3G, etc. This class of consumers, in particular, is boosting the demand for on-the-go high speed data services. As a result, the government of India has announced various projects to build and strengthen OFC network for addressing the country’s increasing data transmission requirements. In addition, digitization of cable TV network has been mandated in the country, which is further propelling the demand for optical fiber cables in the country.
“Nationwide connectivity projects launched by the government such as National Optical Fiber Network (NOFN) and National Fiber Spectrum (NFS), and the rollout of 4G 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, is expected to propel the demand for optical fiber cables in the coming years,”’ said Karan Chechi, research director with TechSci Research.
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