India’s broadband infrastructure is becoming faster, denser and more fibre-rich, expanding demand across fibre-optic and networking cables.
Orient Cables’ IPO brings investor attention to an essential but often less visible layer of India’s digital economy: the physical connectivity infrastructure that enables broadband, 5G, data centres, enterprises and increasingly connected buildings and industries.
Rising broadband penetration, fibreization, data-centre expansion and enterprise digitisation are increasing not just the amount of connectivity required, but also the bandwidth, network density and performance requirements of the underlying infrastructure.
As the industry report partner for Orient Cables’ IPO, 1Lattice assessed the structural shifts shaping India’s broadband-cables opportunity from fibreization and higher bandwidth requirements to multi-sector networking demand and increasing organised-market participation.
Industry outlook: India’s broadband-cables market is projected to more than double by FY31P
The Indian broadband-cables market is projected to more than double from INR 140.9B in FY26 to INR 317.5B by FY31P, growing at a 17.6% CAGR. Fibre-optic cables represent the larger opportunity, while networking cables are projected to grow at an 18.7% CAGR during FY26–31P.
The opportunity is therefore not simply about deploying more cables but about supporting a more bandwidth-intensive, fibre-rich and increasingly complex connectivity ecosystem.
Key shifts shaping the next phase of broadband-cable growth
- From connectivity access to bandwidth intensity: The infrastructure requirement is evolving from simply connecting more users towards supporting higher speeds, greater data consumption and more bandwidth-intensive applications.
- From telecom-led demand to multi-sector connectivity: Networking cables are increasingly relevant across data centres, enterprises, security and surveillance, smart buildings and industrial automation, broadening demand beyond traditional telecom applications.
- From connectivity expansion to fibre-rich networks: 5G rollout, tower fibreization and last-mile connectivity are supporting continued fibre deployment as networks become more data-intensive.
- From fragmented supply to organised, specification-led participation: Organized players accounted for ~79% of India’s broadband-cables market in FY26, supported by product certifications, quality requirements and broader capabilities.
India’s broadband-cables opportunity is evolving from basic connectivity expansion towards a higher-capacity digital-infrastructure ecosystem, where product capability, certification, customer access and manufacturing scale increasingly matter alongside market growth.
What does this mean for companies participating in broadband cables?
A growing market is only the starting point. Investors increasingly need to understand:
- Market exposure → Participation in high-growth networking and fibre-optic segments
- Manufacturing capacity → Can capacity scale in line with demand?
- Product capability → Can the company expand into higher-specification and emerging applications?
- Customer access → Can the company serve demanding institutional customers?
- Competitive positioning → Can the company gain or defend share as the market formalises and scales?
From market sizing to investment-grade industry positioning
For Orient Cables, 1Lattice connected the dots across:
- Digital infrastructure growth
- Fibreization
- Application diversification
- Product opportunity
- Competitive positioning
1Lattice | Industry reports for capital markets
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