Future Growth of Fiber Optic Cables Market for Military and Aerospace
Posted: Jan 20, 2019
The Fiber Optic Cables Market for military and aerospace is projected to grow from USD 1.82 billion in 2018 to USD 2.00 billion by 2023, at a CAGR of 1.93% from 2018 to 2023.This report provides an analysis of the fiber optic cables market for military and aerospace over the next 5 years. It discusses industry and technology trends that are currently prevailing in the fiber optic cables market for military and aerospace. It also analyzes the factors that drive and restrain the growth of the fiber optic cables market for military and aerospace as well as the challenges faced by it. The market is driven by the rise in demand for bandwidth and reliability in several types of platforms, such as commercial & combat aircraft, military transport aircraft, military helicopters, unmanned aerial vehicles, armored vehicles, unmanned ground vehicles, C4ISR, ships, unmanned maritime vehicles, space launch vehicles, and satellites.
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The fiber optic cables market for military and aerospace has been segmented on the basis of end use, type, application, and region. Key companies profiled in the report include Amphenol Corporation (US), Rockwell Collins, Inc. (US), Carlisle Interconnect Technologies (US), Corning Incorporated (US), Finisar Corporation (US), W. L. Gore & Associates, Inc. (US), OFS Fitel, LLC (US), AFL (US), Optical Cable Corporation (US), TE Connectivity (Switzerland), Radiall (France), and Prysmian Group (Italy). Agreements, acquisitions, expansions, and new product launches are the key growth strategies adopted by leading players in the fiber optic cables market for military and aerospace.
Target Audience for this Report
- Manufacturers of Defense Equipment
- Aircraft Manufacturers
- Aviation and Military Fiber Optic Cable Manufacturers
- Airline Companies
- Government Agencies
- Investors and Financial Community Professionals
- Research Organizations
- Satellite Manufacturers
- Space Launch Vehicle Manufacturers
By application, the radar systems segment of the fiber optic cables market for military and aerospace is projected to grow at the highest CAGR during the forecast period. New modern warfare military technologies include the use of network-centric warfare systems and electronic warfare systems. Radar is an important component of these warfare systems. It improves the efficiency of such systems by tracking and identifying objects accurately as well as improving surveillance capabilities and situational awareness. The increasing procurement of these systems has led to the growing demand for fiber optic cables.
By end use, the space segment is projected to grow at the highest CAGR during the forecast period due to increasing deployment of satellites and space launch vehicles for commercial and military applications, and significant increase in investments by large space organizations for the enhancement of launch vehicles and satellites. These factors are expected to contribute to the growth of this segment during the forecast period.
By type, the single-mode segment is projected to grow at the higher CAGR during the forecast period. Factors such as changing demographic trends and increasing demand for connected devices are expected to contribute to the growth of the single-mode segment.
Among regions, the Asia Pacific fiber optic cables market for military and aerospace is expected to witness the highest growth from 2018 to 2023 due to the presence of some of the prominent market players in the region. This is mainly attributed to growing economies, such as China and India, increasing funding/investments towards the development of defense products, growing focus of both, international and domestic players on the region, and extensive R&D activities for defense systems.
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