The Europe aerospace and military fiber optics market is expected to reach US$ 2,019.29 million by 2028 from US$ 1,238.24 million in 2021; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.
The frequency of bilateral military confrontations between countries is increasing rapidly. As a result, many countries are continuously striving to strengthen their security measures. New weaponry and fighting systems are being developed to meet battle demands. Electronic warfare technology has been a part of all defense systems utilized during combat missions due to the development of digital battlefields. Consequently, governments' procurement priorities have shifted to keep up with emerging warfare needs. Next-generation fighters, naval ships, and military ground vehicles are likely to be among the prime application areas for new electronic warfare and electronic intelligence environment in the coming years. Rapid technological advancements would influence the conflicts of the 21st century since advanced systems provide increased situational awareness and better threat assessment. Moreover, developments in information technology are leading to exciting new possibilities, attracting the interest of military officials in the latest technologies. These factors are bolstering the demand for electronic warfare technologies, which propels the requirement for advanced connectivity components, including fiber optic cables and connectors. Further, marine warfare and oceanic insurgencies indicate the need for securing coastal areas in Europe. Surveillance radar plays a crucial role in detecting threats in real time. Also, by using these systems, commanders can generate valuable insights into enemy movements and their surroundings along coastal boundaries, further taking necessary measures to counter the possible mishaps. Therefore, the increasing adoption of surveillance radar for protecting coastal regions is anticipated to create lucrative opportunities for the aerospace and military fiber optic manufacturers across Europe.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe aerospace and military fiber optics market growth at a notable CAGR during the forecast period.
Europe Aerospace and Military Fiber Optics Market Revenue and Forecast to 2028 (US$ Million)
Europe Aerospace and Military Fiber Optics Market - Segmentation
The Europe aerospace and military fiber optics market is segmented on the basis of components, application, and end user. Based on components, the market is bifructed into cables and connectors. Based on application, the Europe aerospace and military fiber optics market is segmented into radar systems, flight management systems, in-flight entertainment systems, communication systems, electronic warfare, cabin interiors, and avionics. Based on end user, the market is segmented into commercial aviation, military, and general aviation. By country, the Europe aerospace and military fiber optics market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
Europe Aerospace and Military Fiber Optics Market – Companies Mentioned
Carlisle Interconnect Technologies; TE Connectivity; AFL; W. L. Gore & Associates, Inc.; Amphenol Corporation; Raytheon Technologies Corporation; Nexans; Radiall; and Glenair, Inc. are among the leading companies in the Europe aerospace and military fiber optics market.