The Indian optical interconnect market is projected to grow at a significant CAGR of around 12.4% during the forecast period. The rising demand for advanced communication technology with high encryption in the telecom sector, the growing number of small and medium enterprises (SME), significant rise in smart city projects are the major factors that contribute to the growth of the Indian optical interconnect market. The increasing focus of the IT and telecom sector towards optical technology is offering considerable opportunities for the growth of the optical encryption market in the country. For instance, in March 2020, Bharti Airtel (Airtel) declared its partnership with Cisco to introduce India’s largest 5G-ready, 100G internet protocol (IP) and optical integrated network which is intended to augment network availability, scale, and capacity. However, the concern related to data management in large enterprises further projected to hinder the market growth during the forecast period.
The Indian market for optical interconnect is segregated on the basis of product type and application industry. Based on the product type, the market is further classified into connectors, cable assemblies, optical transceivers silicon photonics, and others. The cable assemblies segment is projected to have a considerable share in the Indian market. Based on the application, the Indian optical interconnect market is further segmented into data communication and telecommunication. The data communication segment estimated to have a considerable share in the market owing to the growing number of data centers and rising adoption of big data analytics in small and medium enterprises.
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Indian Optical Interconnect Market – Segmentation
By Product Type
- Connectors
- Cable Assemblies
- Optical Transceivers
- Silicon Photonics
- Other( Optical Engines)
By Application
- Data Communication
- Telecommunication
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Company Profiles
- II-VI Inc.
- Accelink Technology Co. Ltd.
- Broadcom Inc.
- Fujitsu Ltd.
- Furukawa Electric Co., Ltd.
- Huawei Technologies Co., Ltd.
- InnoLight Technology (Suzhou) Ltd.
- Intel Corp.
- NVIDIA Corp.
- Sumitomo Electric Industries, Ltd.
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