Europe Aerospace Fiber Optic Cables Market

Market Introduction

In comparison to copper cables, the fiber optic cables are light-weighted, smaller in width, and high bandwidth. These advantages are propelling their adoption of fiber optic cables in the aerospace sector. Further, owing to the increasing need for efficient avionics networks, flight management systems, weather radar systems, and cabin management systems, the installation of fiber optics in aircraft has significantly increased. However, challenges such as complexities related to installation and maintenance of aerospace fiber optic cables, high-cost, prone to damage, and risk to an optical network system, may act as hindering factors in the growth of aerospace fiber optic cables market.

Market Overview and Dynamics

The aerospace fiber optic cables market in Europe is expected to grow from US$ 471.17Mn in 2019 to US$ 668.63Mn by 2027; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027.The growing demand for fiber optic cables due to need for higher bandwidth over long distance and emphasizing attention towards aircraft weight reduction are driving the growth of aerospace fiber optic cablesmarket across the region.However, the high cost of maintenance and discontinuation of A380 Programis a hindering factor to the aerospace fiber optic cables market growth. Further, increasing demand to integrate IFE systems on the aircraft is anticipated to offer lucrative growth opportunities for the market in the coming years.

Key Market Segments

In terms of mode, themulti-modesegment accounted for the largest share of the Europeaerospace fiber optic cables marketin 2019. In terms of application, the avionics segment held a larger market share of theaerospace fiber optic cables marketin 2019. Further, based on fit type, retrofit segment held the largest share of the market. On the basis of end user, the market is bifurcated into military and commercial. The military segment held the largest share of the market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the aerospace fiber optic cables marketin Europeare company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areAmphenol Corporation, Carlisle Companies Incorporated, Collins Aerospace, Nexans, Prysmian Group, and TE Connectivityamong others.

Reasons to buy report

• To understand the Europeaerospace fiber optic cables marketlandscape and identifymarket segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europeaerospace fiber optic cables market
• Efficiently plan M&A and partnership dealsin Europeaerospace fiber optic cables marketby identifying market segments with the most promising probable sales
• Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europeaerospace fiber optic cables market
• Obtain market revenue forecast for market by various segments from 2020-2027 inEuroperegion.

EUROPEAEROSPACE FIBER OPTIC CABLES MARKET SEGMENTATION

By Mode

• Single-Mode
• Multi-Mode

By Application

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

By Fit Type

• Line Fit
• Retrofit

By End User

• Commercial
• Military

By Country

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

Company Profiles

• AFL
• Amphenol Corporation
• Carlisle Companies Incorporated
• Collins Aerospace
• Nexans
• Ofs Fitel Llc
• Prysmian Group
• TE Connectivity
• W. L. Gore and Associates, Inc.

Europe Aerospace Fiber Optic Cables Market Strategic Insights

Europe Aerospace Fiber Optic CablesMarket Report Highlights

Europe Aerospace Fiber Optic Cables Market Country and Regional Insights