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
EUROPEAEROSPACE FIBER OPTIC CABLES MARKET SEGMENTATION
By Mode
By Application
By Fit Type
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 471.17 Million |
| Market Size by 2027 | US$ 668.63 Million |
| CAGR (2020 - 2027) | 4.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Mode
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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The Europe Aerospace Fiber Optic Cables Market is valued at US$ 471.17 Million in 2019, it is projected to reach US$ 668.63 Million by 2027.
As per our report Europe Aerospace Fiber Optic Cables Market, the market size is valued at US$ 471.17 Million in 2019, projecting it to reach US$ 668.63 Million by 2027. This translates to a CAGR of approximately 4.8% during the forecast period.
The Europe 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 Europe Aerospace Fiber Optic Cables Market report:
The Europe 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 Europe Aerospace Fiber Optic Cables Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aerospace Fiber Optic Cables Market value chain can benefit from the information contained in a comprehensive market report.
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