ID: MRFR/A&D/8852-HCR | 168 Pages | Published By Swapnil Palwe on March 2023
Fiber Optic Cables for Military and Aerospace Market Size Valued at USD 1.12 Billion, market Grow at a CAGR Of 5.44% by 2020 -2030
$1.12 Billion
5.44%
North America
2020-2030
Fiber Optic Cables for Military And Aerospace Market Scenario
Fiber Optic Cables for Military and Aerospace Market Size Valued at USD 1.12 Billion, market Grow at a CAGR Of 5.44% by 2020 -2030
Fiber optic cable is made from strands of glass fibers that are capable of transmitting data modulated in the form of light waves with a diameter (single thread) slightly bigger than that of hair. It is a technology that uses glasses to transfer data at high speed, without any data loss, offers immunity to electromagnetic interference, can be used in long-distance applications, and has a high bandwidth. However, these glass fibers are prone to damage. The aerospace and military industries are adopting fiber optics rather than metal ones, as fiber optic cables can be used in harsh environments. In aircraft, the metal wires need to be placed carefully due to vulnerability to lightning, which is not the case with optic fiber cables.
Market Synopsis
Global Market for Fiber Optic Cables for the military and aerospace market is expected to register significant growth during the forecast period owing to factors such as the increasing number of aircraft deliveries and increasing demand for throughput and reliability. Furthermore, the growing focus of authorities on replacing existing cables for better military and aerospace applications is also expected to drive the growth of the market. Additionally, enhanced products offered by companies such as Carlisle Interconnect Technologies is also expected to drive the growth of the market. For instance, Carlisle Interconnect Technologies’ LITEflight fiber optic cable is specifically designed to provide maximum performance and durability in the demanding conditions found in aerospace, military, industrial, and other harsh environments.
However, the complex maintenance and installation of fiber optic cables and issues related to physical damage and transmission loss might hamper the growth of the market.
Market USP
The growing adoption of fiber optics cables over copper cables as they offer benefits such as lightweight, rugged design, and strength is expected to drive the growth of the market.
Market Drivers
Market Restraints
Segmentation
By Type
By Application
By End-Use
By Region
Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | 2026: Significant Value |
CAGR | 1.91% (2018-2026) |
Base Year | 2019 |
Forecast Period | 2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application, End-Use |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Amphenol Corporation (US), Raytheon Technologies Corporation (US), Carlisle Interconnect Technologies (US),Corning Incorporated (US), Finisar Corporation (US),L. Gore & Associates, Inc. (US), OFS Fitel, LLC (US),AFL (US), TE Connectivity (Switzerland),Radiall (France), Prysmian Group (Italy),Optical Cable Corporation (US), Timbercon, Inc. (US) |
Key Market Opportunities | Complex maintenance and installation of fiber optic cables |
Key Market Drivers |
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Fiber Optic Cables for Military and Aerospace Market Grow at a CAGR Of 5.44% by 2020 -2030
Amphenol Corporation (US),Raytheon Technologies Corporation (US),Carlisle Interconnect Technologies (US),Corning Incorporated (US),Finisar Corporation (US),L. Gore & Associates, Inc. (US),OFS Fitel, LLC (US),AFL (US),TE Connectivity (Switzerland),Radiall (France),Prysmian Group (Italy),Optical Cable Corporation (US),Timbercon, Inc. (US)
North America dominated the fiber optic cables for military and aerospace market
Increasing demand for throughput and reliability,
Increase in need for lightweight systems,
Rising focus of authorities on replacement of existing old cables.