India OFC market to cross $424 million by 2020

India optical fiber cables (OFC) market is expected to cross $424 million by 2020.

The growth drivers will be high data traffic owing to increasing penetration of smartphones and growing demand for broadband services.

A telecom analysis report in ReportLinker said consumers are increasingly shifting towards internet driven applications like HDTV, video on demand and file sharing. India government and Indian telecoms are earmarking substantial Capex in upgrading the country’s telecom infrastructure.

The report said the existing network of copper cables is being over hauled by using advanced fiber optic technology.

Connectivity projects launched by the India 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.

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.

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