Dublin, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The "North America Aerospace Fiber Optic Cables Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Mode; Application; Fit Type; End User; and Country" report has been added to ResearchAndMarkets.com's offering.
The aerospace fiber optic cables market in North America was valued US$ 643.13 million in 2019 and is projected to reach US$ 857.44 million by 2027; it is expected to grow at a CAGR of 3.9% from 2020 to 2027.
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.
The aircraft manufacturers and retrofitting service providers are integrating increased volumes of fiber optic cables on various aircraft models (commercial and military). The integration of fiber optic cables benefits commercial aviation owners in various ways; however, it poses a strain during maintenance activities.
The fiber is delicate and fragile and must be taken utmost care during the maintenance process of any of the components using fiber optic cable. The error percentage in aerospace MRO activities is minimum, and none of the stakeholders can bear the consequences of any unavoidable circumstances during flight operations. Owing to this, the airlines, aircraft manufacturers, MRO service providers, and military forces, undertake intense care while maintenance work on fiber optic cables.
The cost incurred while maintaining components fitted with fiber optic cables is much higher as compared to the other components. This limits several low-cost carriers (LCC) from retrofitting their existing aircraft fleet with fiber optic cables. This is a key restraining factor for the aerospace fiber optic cables market.
The aerospace fiber optic cables market on basis of fit type is divided into line fit and retrofit. Retrofit segment led the aerospace fiber optic cables market with highest share in 2019. Airlines operating several older models of commercial aircraft are focusing on replacing conventional copper cables with fiber optic cables owing to the rising need for high bandwidth.
The trend is gaining immense traction, propelled by the continuing demand for smaller, light-weighted wiring that offers an enhanced level of performance as compared to legacy copper wiring. With the rising demand for high bandwidth aircraft, the deployment of optical fiber is expected to increase in the older military as well as commercial aircraft.
A few of the players operating in the North America aerospace fiber optic cables market are
W. L. Gore and Associates, Inc.
Carlisle Companies Incorporated
Ofs Fitel Llc
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Aerospace Fiber Optic Cables Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. Aerospace Fiber Optic Cables Market - Key Market Dynamics
5.1 Key Market Driver
5.1.1 Rising Emphasis on Reduction of Aircraft Weight
5.1.2 Increasing Demand for Higher Bandwidth over Long Distance
5.2 Key Market Restraint
5.2.1 Discontinuation of the Airbus A380 Program and High Cost of Maintenance
5.3 Key Market Opportunity
5.3.1 Increasing Demand of In-Flight Entertainment to Stimulate the Adoption
5.4 Future Trends
5.4.1 Incorporation of Advanced Technologies to Boost the Demand
5.5 Impact Analysis of Drivers and Restraints
6. Aerospace Fiber Optic Cables - North America Market Analysis
6.2 North America Aerospace Fiber Optic Cables Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning -Market Players Ranking
7. Aerospace Fiber Optic Cables Market Analysis - By Mode
7.2 North America: Aerospace Fiber Optic Cables Market, By Mode (2019 and 2027)
7.3.2 Single-mode: Aerospace Fiber Optic Cables Market - Revenue and Forecast to 2027 (US$ Million)
8. Aerospace Fiber Optic Cables Market - By Application
8.2 North America: Aerospace Fiber Optic Cables Market, by Application (2019 and 2027)
8.3 Radar Systems
8.3.2 Radar Systems: Aerospace Fiber Optic Cables Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Flight Management Systems
8.5 Cabin Management Systems
8.6 In-flight Entertainment Systems
8.7 Electronic Warfare
9. Aerospace Fiber Optic Cables Market Analysis - By Fit Type
9.2 North America: Aerospace Fiber Optic Cables Market, By Fit Type (2019 and 2027)
9.3 Line Fit
9.3.2 Line Fit: Aerospace Fiber Optic Cables Market - Revenue and Forecast to 2027 (US$ Million)
10. Aerospace Fiber Optic Cables Market Analysis - By End user
10.2 North America: Aerospace Fiber Optic Cables Market, By End user (2019 and 2027)
10.3.2 Military: Aerospace Fiber Optic Cables Market - Revenue and Forecast to 2027 (US$ Million)
11. Aerospace Fiber Optic Cables Market - Country Analysis
12. Impact of Coronavirus Outbreak
12.1 Impact of COVID-19 Pandemic on North America Aerospace Fiber Optic Cables Market
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
14. Company Profiles
14.1 Key Facts
14.2 Business Description
14.3 Products and Services
14.4 Financial Overview
14.5 SWOT Analysis
14.6 Key Developments
For more information about this report visit https://www.researchandmarkets.com/r/ivmfxr
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