Optical Fiber Cable Production Industry. Fiber-Optic Cable Manufacturing Industry.
Fiber optic cable is a high-speed data transmission medium. It contains tiny glass or plastic filaments that carry light beams. Digital data is transmitted through the cable via rapid pulses of light. In recent years, fiber optic technology has become increasingly popular for local Internet connections as well.
Fiber Optics, also called optical fibers, are microscopic strands of very pure glass with about the same diameter of a human hair. Thousands of these optical fibers are arranged in bundles in optical cables and are used to transmit light signals over long distances. The bundles are protected by a jacket, which is the cable’s outer covering. The single optical fiber consists of the core which is the thin glass center of the fiber where the light travels, the outer optical material that surrounds the core and reflects the light back into it is the cladding, and the plastic coating that protects the fiber from moisture and damage is the buffer coating. Single-mode and multi-mode are the two types of optical fibers. The single-mode, used for long distances, has small cores and transmits infrared laser light. The multi-mode, normally used for short distances, has large cores and transmits infrared light.
There are three types of fiber optic cable commonly used: single mode, multimode and plastic optical fiber (POF).
- Medical Industry
- Lighting and Decorations
- Mechanical Inspections
India optical fiber cables (OFC) market stood at $ 881.5 million in 2019 and is projected to grow at a CAGR of 19.7% to reach $ 2.1 billion by 2024. Growth in the market is led by rising investments in OFC network infrastructure by the Indian government to increase internet penetration across the country, which is in line with government initiatives such as Smart Cities Vision and Digital India. Moreover, growing demand for OFC from IT & telecom sector, rising number of mobile devices, increasing adoption of FTTH (Fiber to the Home) connectivity and surging number of data centers are further anticipated to fuel optical fiber cables market in India over the coming years.
India optical fiber cables market is gaining traction and expanding to various regions in the country. In 2018, West was at the forefront of India optical fiber cables market, however south region is anticipated to grow at the highest CAGR during the forecast period
India Optical Fiber Market Size, By End User, By Value, 2014-2020f
Future growth potential of OFC market in India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH) and Fiber to the Building (FTTB) are the few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks. This factor is driving the demand for fiber optic cables.
The major benefit of fiber optic cable is the increased security option that cannot be tapped with the traditional copper cable. This is another major factor driving the fiber optic cables market. With the increasing demand for IoT and more number of connected devices, data transmission has become vital for the users. Hence, the fiber optic cable market is witnessing a huge opportunity of growth during the forecast period.
Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This, in return, is expected to create a huge market opportunity for the fiber optic cable market in IT and Telecom.
Sterlite Technologies Limited, Himachal Futuristic Communications Ltd., Aksh OptiFiber Limited, Finolex Cables Limited, Birla Cables Limited, Vindhya Telelinks Limited, UM Cables Limited, Uniflex Cables Limited, West Coast Optilinks, Paramount Communications Limited, etc