The Fiber Optics Cable Market is expected to grow at 2.2% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Fiber Optics Cable Market
Fiber Optics Cable Market for Military and Aerospace is likely to witness a timid CAGR of 2.2% during the forecast period. Development in the fiber optic cables market for military and aerospace can be credited to the rising commercial acceptance of fiber optics and their evolution in platforms, such as unmanned structures, satellites, and space launch vehicles.
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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Market Scope & Segmentation
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 for Military and Aerospace 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.
Fiber Optics Cable Market Share for Military and Aerospace: By Type
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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