The aerospace and military fiber optic market is projected to reach US$ 7,208.36 million by 2028 from US$ 4,623.81 million in 2021; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
A fiber optic cable is a bundle of optical threads with a diameter (single thread) larger than the diameter of a human hair strand; each of these threads may transfer data encoded as light waves. Fiber optics are replacing metal optics in aerospace and military applications due to their ability to withstand severe environments. The use of fiber optic in data transmission enables the transmission over a long distance, confers immunity to electromagnetic interference, and supports high bandwidth with high rates of speed and no data loss. Fiber-optic cables are lighter and smaller than metal cables and safer for vulnerable activities. The demand for fiber optics in aerospace and military communications is increasing due to efficient flight management systems, communication systems, in-flight entertainment systems, electronic warfare avionics, cabin interiors, and radar systems. The increasing demand for higher bandwidth, reliability, and airframes in new and upgraded aircraft boosts the aerospace and military fiber optic market growth.
According to a recent study from the International Civil Aviation Organization (ICAO), it is expected that passenger and freight traffic is likely to double by 2035. The number of air travelers is increasing with the rising middle-class disposable income and elevated operations and popularity of low-cost airlines. As the number of passengers grows in major countries such as Canada, the US, Brazil, Indonesia, the Philippines, China, Saudi Arabia, and India, the number of commercial aircraft deliveries also spikes. A rise in commercial aircraft deliveries with advanced integrated solutions adds to the demand for fiber optics. According to the Bureau of Transportation, the US airlines reported a significant rise in passenger count from October 2020. A consequent rise in the shift toward the edge of communication, radar, and navigation systems to ensure streamlined airline operations further boosts the growth of the aerospace and military fiber optic market
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Aerospace and Military Fiber Optic Market: Strategic Insights
Market Size Value in US$ 4,623.81 million in 2021 Market Size Value by US$ 7,208.36 million by 2028 Growth rate CAGR of 7.0% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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– Aerospace and Military Fiber Optic Market
Impact of COVID-19 Pandemic on Aerospace and Military Fiber Optic Market Size
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Aerospace and Military Fiber Optic Market: Strategic Insights
| Market Size Value in | US$ 4,623.81 million in 2021 |
| Market Size Value by | US$ 7,208.36 million by 2028 |
| Growth rate | CAGR of 7.0% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Aerospace and Military Fiber Optic Market Size
The COVID-19 pandemic substantially hampered industries in Europe. The COVID-19 pandemic triggered unprecedented policy responses across European countries that hit the region’s economic growth during the Q2 and Q3 of the outbreak. This further resulted in disruptions in multiple supply chains across various European industries due to lockdowns imposed by the European Union (EU) members to curb the outbreak.
The European military was hit hard by the high number of COVID-19 cases in the region from 2020 to 2021. The COVID-19 pandemic also triggered a drop in the demand for military equipment, resulting in reduced production, and negatively impacted European military infrastructure growth. However, in contrast to the factors mentioned above, the European aerospace and military fiber optic market players managed to acquire aerospace and fiber optics contracts from various military forces worldwide. This enabled the market players to generate revenues and contribute to the market growth. Thus, the revenue generated in 2020 was comparatively less than in 2019.
Lucrative Regions for Aerospace and Military Fiber Optic Market
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Market Insights – Aerospace and Military Fiber Optic Market
The increasing demand for new and reliable fiber optic cables and connectors for communication systems is also one of the major factors driving the aerospace and military fiber optic market in this region. According to Airbus Global Market Forecast, the commercial aircraft fleet stood at 22,950 units aircraft at the start of 2020, and it is expected to rise to 46,720 units by 2040. The manufacturers of commercial and general aviation aircraft are focused on technologically advanced solutions, such as advanced in-flight entertainment (IFE) and cabin interiors, robust avionics, and enhanced radar systems. The integration of such components with modern fleets is a prime factor catalyzing the procurement of fiber optics, such as cables and connectors. Further, upgrading existing commercial and general aviation aircraft fleets plays a crucial role in driving the growth of the aerospace and military fiber optic market. Continuously flourishing customer-centric business models among commercial and general aviation aircraft owners are substantially boosting the IFE domain, which is propelling the installation of fiber optic cables and connectors, thereby, catalyzing the aerospace and military fiber optic market growth.
Application-Based Insights
The aerospace and military fiber optic market, based on application, is segmented into radar systems, flight management systems, in-flight entertainment systems, communication systems, electronic warfare, cabin interiors, and avionics. The communication systems segment is expected to register the highest CAGR during the forecast period. 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. These data lines use compatible communication protocols to communicate information between allies safely. Thus, all these factors collectively contribute to the growth of communication systems in the aerospace and military fiber optic market.
The aerospace and military fiber optic market analysis is segmented based on component, application, end-user, and geography. Based on component, the aerospace and military fiber optic market size is segmented into cables and connectors. Based on application, the aerospace and military fiber optic market is segmented into radar systems, flight management systems, in-flight entertainment systems, communication systems, electronic warfare, cabin interiors, and avionics. Based on end-user, the market is bifurcated into commercial and military. Based on geography, the aerospace and military fiber optic market is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. Carlisle Interconnect Technologies (US), TE Connectivity (US/Switzerland), AFL (US), W. L. Gore and Associates, Inc. (US), Amphenol FSI (US), Prysmian Group (Italy), Raytheon Technologies Corporation (US), Prysmian S.p.A. (Italy), Nexans S.A. (France), Radiall (France) and Glenair, Inc. (US) are among the key aerospace and military fiber optic market players.
Players operating in the aerospace and military fiber optic market are mainly focused on the development of advanced and efficient products.
- In 2021, Amphenol Corporation acquired Halo Technology Limited for approximately US$715 million. Halo is headquartered in Tustin, California, with operations in North America and Europe, and is a leading provider of active and passive fiber optic interconnect components for the communications infrastructure markets, and had sales of approximately US$250 million in 2021.
- In 2021, Amphenol Corporation acquired Positronic to provide customers with a broad range of products and technical design support for their interconnect solutions.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Application, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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 are capable of transferring high-speed data over longer distances, which is one of the key features attracting aerospace and defense communication system manufacturers.
The frequency of bilateral military confrontations between countries is increasing rapidly. As a result, many countries are continuously striving to strengthen their security measures. New weaponry and fighting systems are being developed to meet battle demands. Electronic warfare technology has been a part of all defense systems utilized during combat missions due to the development of digital battlefields. Consequently, governments' procurement priorities have shifted to keep up with emerging warfare needs. Next-generation fighters, naval ships, and military ground vehicles are likely to be the prime application areas for new electronic warfare and electronic intelligence environment in the coming years. Rapid technological advancements will continue to influence the conflicts of the 21st century since advanced systems provide increased situational awareness and better threat assessment. Moreover, developments in information technology are leading to exciting new possibilities, attracting the interest of military officials in the latest technologies. These factors are bolstering the demand for electronic warfare technologies, which further calls for advanced connectivity components such as fiber optic cables and connectors.
The cables segment led the aerospace and military fiber optics market with a significant share in 2020. It is further expected to dominate the market share over the forecast period.
The aerospace and military fiber optics market was dominated by North America, with more than 40% share in 2021, and will continue to dominate the market till 2028.
The major companies in aerospace and military fiber optics market includes Carlisle Interconnect Technologies, Amphenol Corporation, Raytheon Technologies Corporation, Prysmian Group, ITT Inc., TE Connectivity, AFL, Timbercon, Inc, NEXANS and Radiall.
- Carlisle Interconnect Technologies
- Amphenol Corporation, Raytheon
- Technologies Corporation
- Prysmian Group
- ITT Inc.
- TE Connectivity
- AFL
- Timbercon, Inc
- NEXANS
- Radiall
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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