Fiber Optic Cables Market for Military & Aerospace Worth $7.2 Billion, Globally, by 2028 at 7% CAGR: The Insight Partners
The aerospace and military fiber optic market size is projected to reach $7.20 billion by 2028 from $4.62 billion in 2021; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
New York, May 26, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Aerospace and Military Fiber Optic Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Cables and Connectors), Application (Radar Systems, Flight Management Systems, In-flight Entertainment Systems, Communication Systems, Electronic Warfare, Cabin Interiors, and Avionics), and End-User (Commercial and Military)”, the global aerospace and military fiber optic market growth is driven by the increasing demand for higher bandwidth, reliability, and airframes in new and upgraded aircraft, the increasing demand for new and reliable fiber optic cables and connectors for communication systems. The Fiber Optic Cables Market for Military & Aerospace was dominated by North America, with more than 40% share in 2021, and will continue to dominate the market till 2028.
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00024946/
| Report Coverage | Details |
| Market Size Value in | US$ 4.62 Billion in 2021 |
| Market Size Value by | US$ 7.20 Billion by 2028 |
| Growth rate | CAGR of 7.0% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 152 |
| No. Tables | 80 |
| No. of Charts & Figures | 75 |
| Historical data available | Yes |
| Segments covered | Component, Application, and End-User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Aerospace and Military Fiber Optic Market: Competitive Landscape and Key Developments
Raytheon Technologies Corporation, Amphenol Corporation, Carlisle Interconnect Technologies, Prysmian Group, and ITT INC. are a few key players operating in the aerospace and military fiber optic market. In addition, several other important market players were studied and analyzed during this study to get a holistic view of the global aerospace and military fiber optic market size and its ecosystem.
Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00024946/
In 2021, Amphenol Corporation acquired Positronic to provide customers with a broad range of products and technical design support for their interconnect solutions.
In 2020, Radiall acquired Timbercon, allowing Timbercon to offer an even more extensive range of products to their customers. Timbercon provides fiber-optic interconnect technology for the aerospace, defense, medical, data storage, telecommunications, industrial, broadcast, and networking markets.
Fiber-optic cables are lighter and smaller than metal cables and safer for vulnerable activities. Moreover, they exhibit superior fatigue durability. The demand for fiber optic in aerospace and military communications is surging due to efficient flight management systems, communication systems, in-flight entertainment systems, electronic warfare avionics, cabin interiors, and radar systems. The increased demand for higher bandwidth, reliability, and airframes in new and upgraded aircraft boosts the growth of aerospace and military fiber optic.
The aerospace industry and defense forces use advanced communication systems to facilitate effective and continuous contact between personnel at different sites and the base station or ground station. Thus, these two industries pose a continuously high demand for technologically enhanced and high-speed communication systems. The major benefit conferred by high-speed data transfer solutions is the access to real-time information with minimum scope for data loss. Fiber optic cables can transfer high-speed data over longer distances, which is one of the key features attracting aerospace and defense communication system manufacturers. Such developments are continuously boosting the growth of the aerospace and military fiber optic market.
Aerospace and Military Fiber Optic Market: COVID Impact
In North America, the US is the largest military spending country, followed by Canada and Mexico. However, the COVID-19 pandemic forced these countries on the back foot to invest in developing and acquiring new military technologies in this region. There was a complete halt in the production, manufacturing, and supply chain of the military and aerospace equipment due to longer lockdowns implemented by various governments in their respective countries. Hence, the COVID-19 pandemic had a negative impact on the aerospace and military fiber optic market in this region.
During the initial months of the COVID-19 pandemic, the supply chain in the North America aerospace and military fiber optic market was obstructed. A decline in customer orders was also observed. Also, there were disruptions in supply chains for various orders placed by the customers and contractors, which resulted in revenue loss among key market players. The military sector was one of the worst-hit sectors due to the COVID-19 pandemic.
Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of The Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of The Report and Queries Regarding the Scope of The Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00024946
Aerospace and Military Fiber Optic Market: Application Overview
Based on application, the global aerospace and military fiber optic market is segmented into radar systems, flight management systems, in-flight entertainment systems, communication systems, electronic warfare, cabin interiors, avionics, and others. In 2021, the communication systems segment dominated the global aerospace and military fiber optic market, according to the market research study, and is expected to retain its dominance during the forecast period. However, the radar systems segment is expected to witness the fastest growing CAGR over the forecast period in the global aerospace and military fiber optic market share.
Communication systems require a high degree of tactical equipment to connect to the global information grid of shared data and information. Fiber optic cable networks are used to send intelligence, surveillance, and reconnaissance data through various communication systems. Satellites, interconnected ground links, and communication systems are important components of communication networks because they allow data to be transmitted securely across secure data links. Thus, all these factors collectively contribute to the growth of communication systems in the aerospace and military fiber optic market.
Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPRE00024946/
Browse Adjoining Reports:
Fiber Optic Telecommunication Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Connector Type (Subscriber Connector, Ferrule Connector, Lucent Connector, Straight Tip Connector, Others); Cable Type (Simplex, Duplex, Multi Fiber) and Geography
Ribbon Fiber Optic Cable Market to 2025 - Global Analysis and Forecasts by Types (Single Mode and Multi-Mode); by Cable Types (Gel Filled and Dry); and Application (FTTx, LAN, WAN, and Others)
Smart Sensors for Aerospace Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Fiber Optic Sensor, MEMS Sensor, Nano Sensor, Ultrasonic Sensor, Acoustic Sensor, Imaging Sensor, Temperature Sensor, Others); Aircraft Type (Commercial, Military) and Geography
Fiber Optic Gyroscope Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Sensing Axis (1-axis, 2-axis, 3-axis); Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, Attitude Heading Reference System); Application (Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics And Aviation, Robotics, Defense And Homeland Security) and Geography
Medical Fiber Optics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Fiber Type ( Pure Silica Fiber, Polycrystalline Fiber, and Polymer Optical ); Application ( Image Transmission, Laser Signal Delivery, Illumination, and Others ); End User ( Hospitals, Diagnostic Centers, Ambulatory Surgery Centers, and Others )
Inertial Navigation System Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Gyroscopes, Accelerometers, Algorithms and Processors); Application (Aircraft, Marine, UAVs, Others); Technology (Mechanical Gyro, MEMS, Fiber Optics Gyro, Others) and Geography
Electro-optical Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Fiber Optics, Image Sensor, Position Sensor, Others); Application (Oil and Gas, Border Security, Smart Homes, Others) and Geography
AV Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (HDMI, RCA, DVI, VGA, Others); Component (Connectors, Adapters); Cable (Copper Cable, Fiber Optics, Coaxial Cables) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/aerospace-and-military-fiber-optics-market
