Market Overview
The global fiber optic cable market for the military and aerospace market is projected to record a CAGR of 1.91% from 2020 to 2026. Rapidly growing use of fiber optic cables in sensing applications and the growing demand for lightweight systems have significantly contributed to the expansion of the fiber optic cable market for the military and aerospace markets. The high competition due to the presence of different players in the market has led fiber optic cable suppliers to focus on innovation. Furthermore, the growing adoption of unmanned aircraft in commercial and military applications is also expected to drive market growth. Furthermore, The increasing adoption of in-flight entertainment systems by various aircraft OEMs to provide a better travel experience for passengers is also expected to drive market growth. As in-flight entertainment systems require advanced cable systems for smooth data transmission and to provide increased cabin safety and reduce the overall weight of the aircraft.
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Competitive Landscape
Amphenol Corporation (USA)
Raytheon Technologies Corporation (USA )
Carlisle Interconnect Technologies (United States)
Corning Incorporated (United States)
Finisar Corporation (USA)
- Gore & Associates, Inc. (United States)
OFS Fitel, LLC (USA)
AF (United States)
TE Connectivity (Switzerland)
Radiall ( France)
Prysmian Group (Italy)
Optical cable company (USA)
Market segmentation
Commercial segment dominated the market in 2019: The commercial segment dominated the market in 2019. This growth can be attributed to factors such as the increase in air travel and the growth of international trade and tourism around the world. Strong growth in this sector has led to an increase in the number of aircraft orders to cope with the growing passenger air traffic. Manufacturers are currently focusing on producing more reliable and safer fiber optic cables.
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Regional Analysis
Singlemode segment to record the highest growth rate: The singlemode segment is expected to record the highest CAGR during the forecast period, 2020 to 2026. The increasing use of these singlemode type fiber optic cables over long distances to reduce the likelihood of weakening signal strength is expected to drive segment growth.
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