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Retrofit Segment to Dominate Asia Pacific Aerospace Fiber Optic Cables Market during 2019–2027
According to a new market research study on “Asia PacificAerospace Fiber Optic CablesMarketto 2027 – Regional Analysis and Forecast by Mode, Application, Fit Type, and End User,”is expected to reach US$ 526.92Mn by 2027 from US$ 335.78Mn in 2019. The market is estimated to grow at a CAGR of 6.1%from 2020 to 2027. The report provides trends prevailing in the Asia Pacificaerospace fiber optic cables marketalong with the drivers and restraints pertaining to the market growth.Increasing focus on reduction of aircraft weightcoupled with significant demand for higher bandwidth over long distance are the major factors driving the growth of the aerospace fiber optic cables market. However, high cost related to maintenance of fiber optic cables and closure of the production of A380might hinder the growth of Asia Pacificaerospace fiber optic cables market.
The aerospace fiber optic cables market on the basis of fit type is divided into line fit and retrofit. Retrofit segment led the market with highest share in 2019. Airlines operating several older models of commercial aircraft are focusing on 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 as 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. On the other hand, the line fit segment of the aircraft fiber optic cables market is projected to grow at a higher CAGR than the retrofit segment during the forecast period. The higher growth rate of the line fit segment is attributed to the increase in aircraft orders as well as deliveries, economic growth across regions, and an increase in air passenger traffic. Also, network upgrade from copper to fiber is also helping extend the service life of legacy fighter jets and other military aircraft by supporting state-of-the-art cockpit displays and vision systems that enhance situational awareness.
Nexans, Prysmian Group, TE Connectivity,W. L. Gore and Associates, Inc., Collins Aerospace, Carlisle Companies Incorporated, Ofs Fitel Llc, and AFLare among the leading companies in the aerospace fiber optic cables market.The companies are focused on adopting both organic and inorganic growth strategies such as product launches, partnerships, and expansions to sustain their position in the dynamic market. For instance, in 2019, W. L. Gore & Associates, Inc. introduced 1.8 mm Simplex with high impact-resistance for extreme defense aircraft environments.
Asia Pacific Aerospace Fiber Optic Cables Market, By Country, 2019 and 2027 (%)
The report segments the Asia Pacific Aerospace Fiber Optic Cables market as follows:
Aerospace Fiber Optic Cables Market– By Mode
Aerospace Fiber Optic Cables Market – By Application
- Radar Systems
- Flight Management Systems
- Cabin Management Systems
- In-flight Entertainment Systems
- Electronic Warfare
Aerospace Fiber Optic Cables Market– By Fit Type
- Line Fit
Aerospace Fiber Optic Cables Market – By End User
Aerospace Fiber Optic Cables Market – By Country
- South Korea
- Rest of APAC
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