In terms of revenue, the aerospace fiber optic cables market was valued at US$ 1,924.65 million in 2019 and is projected to reach US$ 2,645.86 million by 2027; it is expected to grow at a CAGR of 4.3% 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; 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 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 driving the growth of the aerospace fiber optic cables market.

Geographically, the aerospace fiber optic cables market is analyzed on the basis of five strategic regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and South America. The aerospace industry in North America is witnessing the existence of a large number of aircraft manufacturers, MRO service providers, and US DoD. The demand for advanced technologies is tremendous in the region, with all the end users mentioned above are well aware of newer technologies. The US DoD continuously invests time and amounts towards the advancements of existing fleet and development of robust technology aircraft with an objective to maintain a mission-ready force. Owing to this, the adoption of fiber optic cables on military aircraft begun decades ago in the region, and are still continuing to integrate the technology on the newer military aircraft fleet. Similarly, the commercial aerospace sector in the region is majorly dominated by Boeing, which is also integrating its B787 and B777 models with fiber optic cables. This integration pertains to the rising demand for high-speed data transfer from the cockpit and cabin. The MRO service providers and airlines with in-house MRO centers have started exercising retrofitting of older aircraft with fiber optic cables, which is also a catalyzer for the North American aerospace fiber optic cables market. The presence of a large number of fiber optic cable manufacturers in the region is supporting the ever-rising demand, which is thereby boosting the aerospace fiber optic cables market.    

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Aerospace Fiber Optic Cables Market: Strategic Insights

Aerospace Fiber Optic Cables Market

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  CAGR (2019 - 2027)

  4.3%
• Market Size 2019
  US$ 1.92 Billion
• Market Size 2027
  US$ 2.65 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Amphenol Aerospace
• AFL
• Carlisle Interconnect Technologies
• Collins Aerospace, a Raytheon Technologies Company
• Nexans
• OFS Fitel, LLC
• Prysmian Group
• TE Connectivity
• Timbercon, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

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

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Impact of COVID-19 Pandemic on Aerospace Fiber Optic Cables Market

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 experiencing lack of labors in respective aircraft and component manufacturing facilities. Since the aircraft-manufacturing sector is majorly concentrated in North America and Europe, and the two regions are facing a tremendous challenge in maintaining its manufacturing pace with the outbreak. The European countries manufacture various aircraft components; however, increasing number of COVID-19 infected patients is posing a significant challenge to a majority of 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 across these regions has resulted in disruption in adequate manufacturing quantity of fiber optic cables and supply chain. This has negatively affected the aerospace fiber optic cables market.

Market Insights

Rising Demand for Higher Bandwidth over Long Distance is propelling the growth of Aerospace Fiber Optic Cables Market

The commercial airlines in recent times are opting for long haul flights owing to increasing passenger traffic on long haul routes. The long haul flights demand high-speed connectivity; Ethernet has been the best choice for network infrastructure protocol among the commercial airlines over the years, owing to its high performance, reliability, and universally accepted open standard. However, the Ethernet network connectivity has limitations to transmit high bandwidth data over longer distances. Attributing to this, several aircraft cabling system manufacturers have ventured into fiber optic cable industry, which has been benefiting the commercial airlines over the recent years. This is positively influencing the aerospace fiber optic cables market.    

Mode-Based Insights

In terms of mode, multi-mode segment captured the largest share of the global aerospace fiber optic cables market in 2019. Single-mode fiber optic cable allows a single type of light mode to be dispersed at a time. Though, in a multimode fiber optical cable, light can be dispersed in multiple modes. The variances between single-mode and multimode fiber optic cables are mostly built on fiber core diameter, bandwidth, wavelength & light source, distance, and cost.

Application-Based Insights

In terms of application, avionics segment captured the largest share of the global aerospace fiber optic cables market in 2019. Advancements in technology that would be highly required for applications in avionics comprises bend-insensitive fiber, connector compatibility, increased-bandwidth fibers, high-density interconnections, high-power laser beam delivery, as well as acceptance of commercial off-the-shelf components. Avionics designers are focused continuously on outing more computing power into embedded systems, which are capable of handling navigation, communications, as well as other critical functions. Thus reducing weight, accelerating data transmission rates and bandwidth, together with boosting robustness and security.

Fit Type-Based Insights

Based on fit type, the aerospace fiber optic cables market is segmented into line fit and retrofit. The retrofit captured a dominating share in the global aerospace fiber optic cables market in 2019. Aerospace fiber optic cables are already fully-deployed into new aircraft models, such as the Airbus A380 and Boeing B787. Airlines are operating several other older models commercial aircraft are replacing conventional copper cables with fiber optic cables owing to the rising need for high bandwidth. The trend is gaining immense traction, propelled by the continuing demand for smaller, light-weighted wiring that offers an enhanced level of performance compared to legacy copper wiring. With the rising demand for high bandwidth aircraft, the deployment of optical fiber is expected to increase in the older military as well as commercial aircraft.

End user-Based Insights

Based on end user, the aerospace fiber optic cables market is segmented into commercial and military. The military segment captured a dominating share in the global aerospace fiber optic cables market in 2019. Fiber networks and cable assemblies’ providers are assisting military aircraft designers in meeting their constant need for new competencies and improved performance to preserve the improvement over potential enemies. These fiber networks are becoming gradually more advanced for supporting new generations of advanced vision systems, avionics, and other emerging technologies.

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, are playing a vital role in maturing aerospace fiber optic cables market. A few of the recent acquisitions in the aerospace fiber optic cables market are listed below:

2019:Amphenol Aerospace partnered with Samtec in order to design and develop the new Centaur High-Speed Cable Assembly, which makes use of both the advantages of Amphenol’s broad portfolio of mil-spec connectors and the latest in high-speed contact and connector technology and Samtec’s ExaMAX high-speed backplane system for offering durable, fully-tested high-bandwidth connections that are ideal for use in aerospace, military, and other ruggedized applications..  
2018:W. L. Gore & Associates U.K. Ltd. introduced rugged 1.8-millimeter Simplex aerospace fiber optic cables for transferring mission-critical data on military high-speed avionics networks as fast as 10 gigabits per second.

Aerospace Fiber Optic Cables Market Report Scope

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Market Segmentation

Aerospace Fiber Optic Cables Market – By Mode

• Single mode
• Multi-mode

Aerospace Fiber Optic Cables Market – By Application

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

Aerospace Fiber Optic Cables Market – By Fit Type

• Line Fit
• Retrofit

Aerospace Fiber Optic Cables Market – By End-user

• Commercial
• Military

Aerospace Fiber Optic Cables Market by Region

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East and Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM 

Companies Profiled in Aerospace Fiber Optic Cables Market are as Follows:

• Amphenol Corporation
• AFL
• Carlisle Interconnect Technologies
• Collins Aerospace (Raytheon Technologies Corp.)
• Nexans S.A.
• W. L. Gore & Associates, Inc.
• Timbercon, Inc.
• TE Connectivity
• Prysmian Group
• OFS Fitel, LLC