Aerospace Fiber Optic Cables Market is expected to reach US$ 2,645.86 Mn in 2027
Published Date : 22/06/2020

Report : Aerospace Fiber Optic Cables Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Mode (Single Mode and Multi-mode); Application (Radar System, Flight Management System, Cabin Management System, In-flight Entertainment System, Electronic Warfare, Avionics, Others); Fit Type (Line Fit and Retrofit); End User (Commercial and Military)

Accentuating Attraction towards Aircraft Weight Reduction to lead aerospace fiber optic cables market growth at a CAGR of 4.3% during 2020-2027

 

Aerospace Fiber Optic Cables Market to 2027- COVID-19 Impact and Global Analysis and Forecast by Mode (Single Mode and Multi-mode); Application (Radar System, Flight Management System, Cabin Management System, In-flight Entertainment System, Electronic Warfare, Avionics, Others); Fit Type (Line Fit and Retrofit); End User (Commercial and Military); and Geography   

 

The global aerospace fiber optic cables market is showcasing an upward trend over the past couple of years and is anticipated to reflect a similar trend during the forecast period. The growth of the aerospace fiber optic cables market is majorly attributed to significant investments toward advanced technologies in the aerospace industry. Over the past few decades, the aviation (commercial and military) industry has grown immensely and the rate of technological transformation has been outstanding, which has stimulated the demand for various products and services. Pertaining to the fact that the fiber optic cables have overcome the challenges by its predecessors, and has showcased significant benefits in the military aviation industry, the demand for the same is growing in the commercial aviation industry, which is further driving the aerospace fiber optic cables market.

 

The existence of a large number of well-established players and emerging companies in the aerospace fiber optic cables market across the globe is supporting the uprising demand from the end users. The constant supply of fiber optic cables to aircraft manufacturers, aircraft component manufacturers, and retrofitting end users, is playing a vital role in maturing aerospace fiber optic cables market.

 

Slower growth of aerospace fiber optic cables market due to COVID-19 outbreak

 

The aircraft production industry is heavily dependent on manual labor despite robotic technology. In the wake of strong lockdown regulations imposed by several countries, the aircraft-manufacturing sector is facing lack of labors in respective aircraft and component manufacturing facilities. Since the aircraft-manufacturing sector is majorly concentrated in North America and Europe, these two regions are facing a tremendous challenge in maintaining its manufacturing pace with the outbreak. The European countries manufacture various aircraft components; however, increase in the number of COVID-19 infected patients is posing a significant challenge for European countries. The plane makers across the globe are witnessing a severe downfall in component procurement, which is reflecting downfall in the production of aircraft.

 

Attributing to the fact that the aerospace fiber optic cables market players are scattered across North America, Europe, and APAC region, the outbreak of COVID-19 across these regions has resulted in disruption in manufacturing adequate quantity of fiber optic cables and supply chain. This has negatively affected the aerospace fiber optic cables market. Nonetheless, with increasing relaxation towards manufacturing sectors, the manufacturers of aerospace fiber optic cables are expected to pace up respective production lines by supporting the demand, which is anticipated to propel the growth of the market.

Aerospace Fiber Optic Cables Market Breakdown - by Region, 2019

Aerospace Fiber Optic Cables Market Breakdown - by Region, 2019

 

The report segments the global aerospace fiber optic cables market as follows:

 

By Mode          

  • Single Mode
  • Multi-mode

By Application

  • Radar System
  • Flight Management System
  • Cabin Management System
  • In-flight Entertainment System
  • Electronic Warfare
  • Avionics
  • Others

By Fit Type

  • Line Fit
  • Retrofit

By End User

  • Commercial
  • Military

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM
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