India Optic Fiber Cable and Accessories Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 14.27 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Optic Fiber Cable and Accessories Market Analysis
The India Optic Fiber Cable And Accessories Market is expected to register a CAGR of 14.27% during the forecast period.
The Indian optic fiber and accessories market is witnessing significant growth, driven by the increasing demand for high-speed internet and the government's push toward digital transformation. With the rapid expansion of 5G networks and the growing adoption of fiber-to-the-home (FTTH) services, the market is poised for robust growth in the coming years. The market is also benefiting from rising investments in telecom infrastructure and the increased deployment of optic fiber cables (OFC) across various sectors.
• In India, the 5G technology rollout stands as a pivotal force propelling the optic fiber market. The demand for a 5G network, which necessitates a dense fiber infrastructure for high data speeds and minimal latency, has catalyzed a pronounced uptick in the demand for optic fiber cables and their associated accessories.
• Significantly amplifying the optic fiber market is the Indian government's "Digital India" initiative. Programs such as BharatNet, targeting broadband connectivity for rural regions, underscore the surging demand for optic fiber cables and their accessories.
• Urban areas' escalating need for high-speed internet is catalyzing a swift adoption of fiber-to-the-home (FTTH) connections. As service providers bolster their networks to cater to this demand, the need for optic fiber cables and accessories intensifies.
• Telecom operators and infrastructure firms are channeling substantial investments into expanding their fiber networks, driven by rising data consumption and new technologies. This trend underscores the optic fiber market's growth in India.
• However, the steep costs of installing and maintaining optic fiber networks present hurdles. Such expenses can hinder widespread adoption, especially in rural and remote locales where potential returns on investment might be diminished.
India Optic Fiber Cable and Accessories Market Trends
Rising Internet Penetration and 5G Deployment to Drive the Market
- India's rollout of 5G technology is set to significantly boost the optic fiber market. To achieve high data speeds and ultra-low latency, 5G networks depend on a strong and dense fiber optic infrastructure. As telecom operators and infrastructure providers enhance their networks for 5G, there's a clear trend: a surge in investments in optic fiber cables and related accessories.
- For instance, as of April 2024 - India's third-largest service provider, Vodafone Idea, has fulfilled its minimum rollout obligation and is set to introduce 5G services later this year. The company aims to extend its coverage to 40% of its revenue base within the next 24 to 30 months, starting with 5G launches in 17 designated circles (service areas). Additionally, Vodafone Idea plans to bolster its existing 4G network and enhance its capacity.
- The Indian government's initiatives, such as the Digital India program and BharatNet project, are instrumental in driving the growth of the optic fiber market. These programs aim to enhance digital connectivity across the country, particularly in underserved rural areas, by expanding the fiber optic network, which is crucial for achieving the goals of universal broadband access and supporting the 5G rollout.
- According to the Ministry of Communications, as of March 2024, India boasts a total Internet subscriber base of 954.40 million, with 398.35 million subscribers hailing from rural areas. Out of the country's 6.44 lakh villages, 6.12 lakh, or 95.15%, are equipped with 3G/4G mobile connectivity, ensuring they have Internet access. Furthermore, under the Digital India Initiative, the government is actively working to extend connectivity beyond major metros, reaching tier-2 and tier-3 cities, as well as rural and remote regions.
- India's rollout of 5G technology is set to significantly boost the optic fiber market. 5G networks depend on a robust and dense fiber optic infrastructure to achieve high data speeds and ultra-low latency. As reported by the Department of Telecommunications (India), by June 2024, India had deployed approximately 448.7 thousand 5G base transceiver stations. In under two years, this number surged over 24 times. Reliance Jio led the way as the first Indian telecom provider to launch 5G services, soon followed by Bharti Airtel.
Telecommunications to Hold a Major Share
- FTTH services, which connect optic fibers directly to homes and businesses, are experiencing significant growth in the telecommunication sector. As a result, there is a rising demand for optic fiber cables and accessories. Telecom companies in India are pushing to meet this demand, aiming to deliver faster and more reliable internet services to consumers.
- In May 2024, GX Group, a manufacturer of fiber-to-the-home (FTTH) equipment, announced plans to establish a new manufacturing facility in India. With an initial investment of INR 100 crore, the facility aims to produce goods for global export, aligning with the Indian government's Atmanirbhar Bharat (Self-Reliant India) initiative.
- As data-heavy applications like video streaming, online gaming, and remote work solutions see rising consumption, the telecommunication sector is experiencing significant growth. This surge underscores the need for robust optic fiber networks, positioning telecommunications as a pivotal driver for the expansion of the Indian optic fiber cable and accessories market.
- Recently, the Indian government prioritized the laying of optic fibre cables. The market for optical fiber cables in India is gaining momentum, expanding into diverse regions across the nation. Furthermore, the rise of the 'Work from Home' culture has allowed the telecom industry to address and fulfill the surging demand for high-quality bandwidth services.
- In an April 2024 survey conducted across India by LocalCircles, around 86% of participants indicated they accessed the internet at home through fiber, broadband, DSL, or fixed-line connections. However, these users commonly faced challenges, including frequent connection disruptions and internet speeds that fell short of promises.
India Optic Fiber Cable and Accessories Industry Overview
The Indian optic fiber cable and accessories market is fragmented with the presence of major players like Finolex Cables Limited and KEI Industries Limited. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- January 2024 - In Kavaratti, Lakshadweep, the Indian Prime Minister, Narendra Modi, inaugurated the Kochi-Lakshadweep Islands Submarine Optical Fiber Connection (KLI-SOFC) project. This was part of a series of developmental initiatives totaling over Rs 1,150 crore (~USD 139.27 million), spanning diverse sectors such as technology, energy, water resources, healthcare, and education.
- May 2024 - R&M, a Swiss developer and provider of premium infrastructure solutions for data and communication networks, inaugurated a new fiber optic plant in India. The facility was moved to Bagaluru, situated in northern Bangalore. Alongside the relocation, R&M invested in new production lines, boosting the plant's production capacity. Notably, Bagaluru now stands as R&M's largest global site for manufacturing fiber optic cabling components.
India Optic Fiber Cable and Accessories Market Leaders
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Finolex Cables Limited
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KEI Industries Limited
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Polycab India Limited
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Havells India Ltd.
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Sterlite Technologies Limited (STL Tech)
*Disclaimer: Major Players sorted in no particular order
India Optic Fiber Cable and Accessories Market News
- May 2024 - Runaya, a manufacturer of optical fiber cable components, aimed to double its capacity and scale its revenues to INR 500 crore (~USD 60 million) within the next 3-4 years. This ambition is driven by the accelerated rollout of 5G, the fiberization of towers, the push for home broadband connectivity, and the government's Bharatnet Project. Since 2019, the company has channeled a capital expenditure of INR 60 crore (~USD 7 million) into manufacturing FRP (fiber-reinforced polymer) rods, essential for optical fibers.
- July 2024 - STL, a prominent player in the optical and digital solutions arena, has introduced its 864F Micro Cables. These high-density cables are meticulously designed to ensure swift and seamless connectivity for compact fiber networks. Boasting an industry-leading fiber density, the 864F Micro cable accommodates 864 fibers within a mere 11.4 mm diameter - that's 1.5 times the fiber capacity of standard micro cables of equivalent size. Utilizing STL's cutting-edge bend-insensitive HD A2 200-micron fiber, the 864F cable promises a multitude of advantages for regional service providers.
India Optic Fiber Cable and Accessories Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Assessment of the Impact of Key Macroeconomic Trends
- 4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Robust Logistics and Supply Chain Infrastructure
- 5.1.2 Rising Internet Penetration and 5G Deployment
- 5.1.3 Growing Adoption of Smart Cities and IoT
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5.2 Market Restraints
- 5.2.1 High Cost of Installation and Associated Complexities
- 5.3 Indian Government Initiatives and Guidelines
- 5.4 Analysis of Pricing Models and Pricing in India, 2024
- 5.5 Analysis of Trade Scenario (Import and Export) in India for 2019-2023
- 5.6 Overview of Technical Specifications of Fiber Optic Cable
6. MARKET SEGMENTATION
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6.1 By Offering
- 6.1.1 Optical Fiber Cables
- 6.1.2 Optical Fiber Connectors
- 6.1.3 Optical Fiber Accessories
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6.2 By End-user Vertical
- 6.2.1 Industrial
- 6.2.2 Telecommunication
- 6.2.3 Energy and Utilities
- 6.2.4 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 Finolex Cables Limited
- 7.1.2 KEI Industries Limited
- 7.1.3 Polycab India Limited
- 7.1.4 Havells India Ltd
- 7.1.5 Panasonic Corporation of North America
- 7.1.6 Sterlite Technologies Limited (STL Tech)
- 7.1.7 Birla Cable Limited
- 7.1.8 Vindhya Telelinks Ltd
- 7.1.9 HFCL Limited
- 7.1.10 Aksh Optifibre Limited
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
** Subject To AvailablityIndia Optic Fiber Cable and Accessories Industry Segmentation
Optical fiber is a technology that transmits information via light pulses through plastic or glass strands. These light pulses travel through optical cables, and at the receiving end, they are converted into binary values. Optical fibers provide several advantages, including enhanced bandwidth, reduced size and weight, immunity to electromagnetic interference, improved data security, and electrical isolation.
The report covers India’s optic fiber cable and accessories companies, and the Indian optic fiber cable and accessories market is segmented by offering (optical fiber cables, optical fiber connectors, and optical fiber accessories) and end-user vertical (industrial, telecommunication, energy and utilities, and other end-user verticals). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Offering | Optical Fiber Cables |
| Optical Fiber Connectors | |
| Optical Fiber Accessories | |
| By End-user Vertical | Industrial |
| Telecommunication | |
| Energy and Utilities | |
| Other End-user Verticals |
India Optic Fiber Cable and Accessories Market Research FAQs
What is the current India Optic Fiber Cable And Accessories Market size?
The India Optic Fiber Cable And Accessories Market is projected to register a CAGR of 14.27% during the forecast period (2024-2029)
Who are the key players in India Optic Fiber Cable And Accessories Market?
Finolex Cables Limited, KEI Industries Limited, Polycab India Limited, Havells India Ltd. and Sterlite Technologies Limited (STL Tech) are the major companies operating in the India Optic Fiber Cable And Accessories Market.
What years does this India Optic Fiber Cable And Accessories Market cover?
The report covers the India Optic Fiber Cable And Accessories Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Optic Fiber Cable And Accessories Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Optic Fiber Cable and Accessories Industry Report
Statistics for the 2024 India Optic Fiber Cable And Accessories market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Optic Fiber Cable And Accessories analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
