The South and Central America aerospace and military fiber optics market is expected to reach US$ 266.95 million by 2028 from US$ 218.22 million in 2021; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028.
The aerospace industry and defense forces use advanced communication systems to facilitate effective and continuous contact between personnel at different sites and the base station or ground station. Thus, these two industries pose a continuously high demand for technologically enhanced and high-speed communication systems. The major benefit conferred by high-speed data transfer solutions is the access to real-time information with minimum scope for data loss. Fiber optic cables are capable of transferring high-speed data over longer distances, which is one of the key features attracting aerospace and defense communication system manufacturers. Commercial airlines have been opting for long-haul flights owing to increasing passenger traffic on these routes. Long-haul flights demand high-speed communication and seamless connectivity; Ethernet has been the most preferred choice for network infrastructure protocol among commercial airlines over the years, owing to its superior performance, reliability, and universally accepted open standard. However, the Ethernet network connectivity faced limitations in transmitting high bandwidth data over longer distances. Owing to this, several aircraft cabling system manufacturers have ventured into the fiber-optic cable industry, which has been benefiting commercial airlines over the recent years. Defense forces require long-distance communications to transfer real-time information to the troops. They rely on a complex and large network of physical components and software for their communication capabilities. Fiber optic products have been a prominent choice among defense communication system manufacturers due to their ability to transfer data at high speed over longer distances. Such developments are continuously boosting the aerospace and military fiber optic market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America aerospace and military fiber optics market growth at a notable CAGR during the forecast period.
South and Central America Aerospace and Military Fiber Optics Market Revenue and Forecast to 2028 (US$ Million)
South and Central America Aerospace and Military Fiber Optics Market - Segmentation
The South and Central America 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 South and Central America 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 South and Central America aerospace and military fiber optics market is segmented into Brazil and Rest of South and Central America.
South and Central America Aerospace and Military Fiber Optics Market – Companies Mentioned
TE Connectivity; Amphenol Corporation; Raytheon Technologies Corporation; Nexans; and Radiall are among the leading companies in the South and Central America aerospace and military fiber optics market.