The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Fiber Optics Cable Market is no different. Derived from the previous market scenario, the Fiber Optics Cable Market for Military and Aerospace is likely to witness an impressive CAGR of 2.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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Fiber Optics Cable Market Share for Military and Aerospace: By Application Type
Based on the application type, the market is segmented as cabin interiors, avionics, in-flight entertainment (IFE) systems, flight management systems, communication systems, radar systems, electronic warfare, and others. The communication systems segment led the market in 2018. This growth can be attributed to the mounting employment of fiber optic cables in unmanned systems and military aircraft for high speed data communication.
Fiber Optics Cable Market Share: By End-Use Type
Based on the end-use type, the market is segmented as commercial, military, and space. The military segment is estimated to lead the market in the coming five years, owing to the growing use of fiber optic cables for C4ISR applications for high speed communication.
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Based on the type, the market is segmented as single-mode and multi-mode. The single-mode segment is expected to register a higher growth during the forecast period. Acceptance of single-mode fiber optic cables to link defense units, such as military weapon stations and command centres is estimated to lead to the growth of the market in the coming five years.
Fiber Optics Cable Market Share for Military and Aerospace: By Region
In terms of regions, the North American region led the fiber optic cables market for military and aerospace in 2018. The US and Canada are the major growth engines of this region. Growing adoption of fiber optic cables for high-speed land connectivity and obtaining military and commercial aircraft is anticipated to drive the growth of the fiber optic cables market for military and aerospace in North America. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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