The aerospace fiber optic cables market in North America was valued US$ 643. 13million in 2019 and is projected to reach US$ 857. 44million by 2027; it is expected to grow at a CAGR of 3. 9% from 2020 to 2027.
New York, July 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "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" - https://www.reportlinker.com/p05934821/?utm_source=GNW
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.
The North America aerospace fiber optic cables market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the North America aerospace fiber optic cables market with respects to all the segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America aerospace fiber optic cables market. A few of the players operating in the North America aerospace fiber optic cables market are Amphenol Corporation, AFL, Carlisle Interconnect Technologies, Collins Aerospace (Raytheon Technologies Corp.), Nexans S.A., W. L. Gore & Associates, Inc., Timbercon, Inc., TE Connectivity, Prysmian Group, and OFS Fitel, LLC.
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