The aerospace fiber optic cables market in Asia Pacific was valued US$ 335.78million in 2019 and is projected to reach US$ 526.92million by 2027; it is expected to grow at a CAGR of 6.1%from 2020 to 2027.
The market growth is prominently being driven owing tothe significant demand for higher bandwidth over long distance. The bandwidth requirements, particularly on large passenger aircraft, have increased substantially. The advent of on-board Wi-Fi, In-flight Entertainment & Connectivity (IFEC) systems delivering High-Definition (HD) video, Global Position System (GPS) data, and satellite content streamed directly to passengers’ seats, as well as new avionics systems in the cockpit, is generating significant demand for fiber optic cable market. The increasing congestion on long haul routes is required higher bandwidth to transmit cockpit data to the ground stations and cabin data to respective destinations on the ground. Commercial airlines majorly use wide-body aircraft such as Airbus A380, A350, A330, Boeing B787, and B777, among others, on long haul flights with a higher number of seating capacity, which again demands higher Wi-Fi speed. Since the fiber optic cables have lower attenuation as compared to copper conductors, these cables are ideal for long haul flight applications where data loss due to long transmission distances are not appreciated. This allows for longer cable runs and fewer repeaters. For instance, the distance limitation for 1G over copper cables is approximately 100m, whereas 1G can be transmitted up to 100km over fiber optic cables. Thus, the demand for high bandwidth over long distances is generating significant demand for fiber optic cables, which is driving the aerospace fiber optic cables market.
The market for the Asia Pacific aerospace fiber optic cables market is moderately fragmented. Well-established players hold the majority of the market share. In addition, the CAPEX required for setting up new firms can be excessively high for new players trying to enter the aerospace fiber optic cables market. Furthermore, market players have a significant advantage over new entrants, predominantly in attaining access to the distribution channels and R&D activities. Some of the key growth strategies adopted by the players in the market include product launches, high expense on R&D, acquisitions, and partnerships, among others, to compete in the market efficiently. Some of the major players operating in the aerospace fiber optic cables market include 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, and OFS Fitel, LLC.
APAC region is anticipated to be the fastest-growing region during the forecast period. The factors anticipated to mature the aerospace fiber optic cables market in the region include increasing number of fiber optic cable suppliers, expanding aircraft manufacturing, increasing aircraft component (avionics, IFE, radar, FMS, and others) manufacturers, growing MRO activities, and demand for the technology among the military forces.The region also comprises of several world-leading aerospace fiber optic manufacturers such as Yangtze Optical FC (China), Jiangsu OFS Hengtong Optical Technology Co., Ltd. (China), Sumitomo Electric Industries (Japan), Fujikura Ltd. (Japan), Futong (China), ZTT (Japan), FURUKAWA (Japan), among others.
Asia Pacific Aerospace Fiber Optic Cables Market–Segmentation
Asia Pacific Aerospace Fiber Optic Cables Market,by Mode
Asia Pacific Aerospace Fiber Optic Cables Market,byApplication
Asia Pacific Aerospace Fiber Optic Cables Market,byFitType
Asia Pacific Aerospace Fiber Optic Cables Market,byEnd User
Asia Pacific Aerospace Fiber Optic Cables Market,byCountry
Asia Pacific Aerospace Fiber Optic Cables Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 335.78 Million |
| Market Size by 2027 | US$ 526.92 Million |
| CAGR (2020 - 2027) | 6.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Mode
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Aerospace Fiber Optic Cables Market is valued at US$ 335.78 Million in 2019, it is projected to reach US$ 526.92 Million by 2027.
As per our report Asia Pacific Aerospace Fiber Optic Cables Market, the market size is valued at US$ 335.78 Million in 2019, projecting it to reach US$ 526.92 Million by 2027. This translates to a CAGR of approximately 6.1% during the forecast period.
The Asia Pacific Aerospace Fiber Optic Cables Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aerospace Fiber Optic Cables Market report:
The Asia Pacific Aerospace Fiber Optic Cables Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Aerospace Fiber Optic Cables Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Aerospace Fiber Optic Cables Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Aerospace Fiber Optic Cables Market
