Aerospace and Defense Optical Fiber Cable Market is Forecasted to Reach US$ 1.6 billion in 2034, Says Stratview Research

The global aerospace and defense optical fiber cable market is projected to witness a growth rate of 2.5% annually from 2024 to 2034, with an anticipated size of US$ 1.6 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace and defense optical fiber cable market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2034: US$ 1.6 billion
Growth (CAGR): 2.5% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace and Defense Optical Fiber Cable Market:
The global aerospace and defense optical fiber cable market is segmented based on end-use type, application type, cable type, material type, and region.

Based on end-use type - The market is segmented into commercial, military, and space.
Military is forecasted to emerge as the foremost and Commercial is the most rapidly expanding category of the market during the forecast period. Military cables necessitate superior durability and robustness for secure transmissions under extreme conditions. Commercial variants emphasize lightweight, flexibility, and bend resistance for streamlined installation. Space applications demand optical fiber cables with exceptional electromagnetic interference attenuation and unyielding reliability, constrained by stringent weight limits. It features strong tensile strength, strong pressure resistance, and good flexibility characteristics. Military-grade Armored Optical Fiber Cable is constructed of SUS spring tube, Kevlar, braiding, and TPU outer jacket.

Based on the application type - The market is segmented into flight management systems, in-flight entertainment systems, communication systems, radar systems, electronic warfare, and Others.
The communication systems are anticipated to demonstrate the most rapid growth during the forecast period driven by increasing demand in the aerospace and defense industry. Communication systems utilize fiber optics to establish resilient, high-speed networks vital for contemporary warfare, facilitating real-time data exchange, command control, and intelligence operations. Data, voice, and video signals traverse over Optical Fiber Cables in military and aerospace communication systems, encompassing command centers, vessels, aircraft, and ground vehicles. Communication systems require exceptional tactical-grade equipment. Compatible communication protocols are used to share information securely between allies.

Based on the cable type - The market is segmented into single-mode and multi-mode.
Single-mode cables are expected to be the dominant cable as far as cable type analysis is concerned as they have higher bandwidth capability than multi-mode cables due to no modal dispersion effects. Single-mode fibers are better suited for long-distance applications due to their high bandwidth capability. Multi-mode fibers tend to have higher attenuation than single-mode fibers since the intrinsic loss of the multimode fiber is higher. Low interference and higher bandwidth tend to provide more efficient and secure communication.

Based on the material type - The market is segmented into glass and plastic.
Glass is poised to maintain its leading position in the aerospace and defense optical fiber cable market, whereas the plastic segment is growing at a faster rate due to their low cost and less complex manufacturing process. Glass optical fiber cables are designed for transmitting data at very high speeds with minimal loss. They can support immense bandwidth, which is crucial as data demand continues to escalate. Glass optical fiber cables excel at performing under a wide range of temperatures. This makes them suitable for use in harsh environments and various challenging applications in the aerospace & defense industry. Plastic optical fiber cables are experiencing robust expansion with a healthy CAGR due to their enhanced flexibility and resilience.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is forecasted to exhibit its unassailable lead while, Asia-Pacific is likely to exhibit a most accelerated expansion of the market for aerospace and defense optical fiber cable in the mentioned period. This growth outlook is majorly attributed to the following-
- North America stands at the forefront of innovation and technological advancements in the optical fiber industry. Intense competitive dynamics and extensive research and development activities in this domain contribute to the region's dominance on the global stage.
- The USA, with the largest defense budget globally, sees its dominance in the industry largely driven by the presence of premier fighter jet manufacturers such as Lockheed Martin and Boeing. With leading contenders such as Corning, OFL Fitel LLC, Amphenol, Coherent, and Optical Cable Corporation this region significantly contributes to the global production of optical fiber cables.

Aerospace and Defense Optical Fiber Cable Market Drivers:

Some of the key drivers listed in the report are given below.
- Growing military expenditure significantly boosts military procurement, technological advancements, and expansion of defense programs.
- Geopolitical tensions that appeared to ease during the pandemic have the potential to resurface. In 2022 the index peaked to unprecedented levels, reaching its zenith in March due to the Russia-Ukraine conflict.
- The burgeoning aircraft fleets highlight escalating global aviation demands and strategic investments in modernizing and expanding air transport assets.
- The global satellite-based earth observation market has witnessed substantial proliferation, fueled by escalating demand for advanced big data analytics to derive precise insights from data innovations in Earth observation satellite technologies and a pronounced need for high-resolution imaging services.

Top Companies in the Aerospace and Defense Optical Fiber Cable Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Corning Incorporated
• OFS Fitel LLC
• Prysmian Group
• Coherent Corporation
• Sumitomo Electric
• Amphenol Corporation
• W.L. Gore & Associates
• Radiall Corporation
• Collins Aerospace
• Optical Cable Corporation (OCC)

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace and Defense Optical Fiber Cable Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.