India Fiber Optics Market Size & Outlook, 2023-2030
India fiber optics market, 2017-2030 (US$M)
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India fiber optics market highlights
- The India fiber optics market generated a revenue of USD 748.5 million in 2023 and is expected to reach USD 1,501.9 million by 2030.
- The India market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, multi-mode was the largest revenue generating type in 2023.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
Fiber optics market data book summary
| Market revenue in 2023 | USD 748.5 million |
| Market revenue in 2030 | USD 1,501.9 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Multi-mode |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single mode, Multi-mode, Plastic Optical Fiber (POF) |
| Key market players worldwide | Furukawa Electric Co Ltd, Corning Inc, Molex, OFS, Optical Cable Corp, Prysmian SpA, Sterlite Technologies Ltd DR |
Other key industry trends
- In terms of revenue, India accounted for 8.0% of the global fiber optics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,501.9 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India fiber optics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fiber optics market will help companies and investors design strategic landscapes.
Multi-mode was the largest segment with a revenue share of 51% in 2023. Horizon Databook has segmented the India fiber optics market based on single mode, multi-mode, plastic optical fiber (pof) covering the revenue growth of each sub-segment from 2017 to 2030.
The fiber optics market in India is poised for substantial growth in the coming years, primarily attributed to the Indian government's increasing investments in optical fiber cable network infrastructure. These investments align with key programs like the Smart Cities Vision and Digital India, reflecting a commitment to advancing the nation's digital infrastructure.
Moreover, the surging demand for fiber optics from the Information Technology (IT) and telecom sectors, coupled with the rising number of mobile devices, the growing adoption of fiber-to-the-home (FTTH) connectivity, and the proliferation of data centers, are all factors propelling the fiber optics market in India during the forecast period.
These developments underscore the country's drive towards improved digital connectivity, facilitating enhanced internet access and paving the way for robust technological advancements across various industries.
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Our clientele includes a mix of fiber optics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into India fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India fiber optics market size, by type, 2017-2030 (US$M)
India Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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