The Worldwide Fiber Optic Cables Industry is Expected to Reach $1.5 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Fiber Optic Cables Market for Military & Aerospace, by Platform (Civil, Military, Space), Application (Avionics, Navigation, Weapon Systems, Communication Systems), Type (Single-mode, Multi-mode), Material, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The fiber optic cables market for military & aerospace size is projected to grow from USD 1.2 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 5.1% from 2021 to 2026.

Electrification based on the more electric aircraft concept

Advances in more electric technology are expected to contribute to the growth of the fiber optic cables market for military and aerospace in the near future. The incorporation of more electric technology reduces fuel consumption and provides a reliable source of power for aircraft. Electrically-driven systems serve to be an effective substitute for mechanically-driven engine accessories, pumps, and generators. Aircraft systems have witnessed revolutionary changes in terms of design and power distribution over the past few decades. Companies such as Boeing (US), Bombardier (Canada), and Airbus (France) are working on the development of electrical systems to replace the traditional systems for optimized aircraft performance and limited maintenance costs.

Digitization based on the glass cockpit concept

The current market trend in the aviation industry is the replacement of traditional cockpits with glass cockpits. The demand for glass cockpits has been rising due to the increase in the accident rate of aircraft with traditional cockpits. Flight instrumentation displays in traditional cockpits are analog dials and gauges.

The glass cockpit electronic flight instrument displays come with large LCD screens. All displays used in a glass cockpit architecture incorporate data bus technology, which uses fiber optic cables for high-speed data transfer. Data bus technology implements Line-Replaceable Units (LRUs) that are integrated with sensors and fiber optic cables throughout the aircraft. The technology improves communication between aircraft systems and the cockpit. Thus, the adoption of glass cockpit in aircraft is influencing the growth of the fiber optic cables market for military and aerospace.

Communication Systems: The largest segment of the Fiber optic cables market for military & aerospace, by Application

Communication systems require an exceptional level of tactical grade equipment, which provides access to the global information grid of shared data and information. These systems utilize fiber optic cable networks to transmit intelligence, surveillance, and reconnaissance information through different communication systems. Satellites, interlinked ground links, and communication systems are considered an important part of communication networks as they enable data transmission through secure datalinks. These data links use compatible communication protocols to share information securely between allies. For instance, the North Atlantic Treaty Organization (NATO) forces use Link 16 to exchange air force data with member countries. Other prominent systems in use by NATO forces include the Joint Tactical Information Distribution System (JTIDS).

Lockheed Martin develops communication satellites and satellites communication systems for the US Air Force to improve its ground communication.

Market Dynamics

Drivers

• Increasing Use in New and Upgraded Aircraft
• Improved Interoperability of Military Systems
• Increase in Demand for More Electric Aircraft and Glass Cockpit Concepts
• Rise in Demand for Throughput and Reliability
• Use of IoT and Fiber Optics in Sensing Applications

Restraints

• Susceptibility to Physical Damage and Transmission Loss

Opportunities

• Use of Photonics Technology in Electronic Warfare Networks
• Demand for Optical Add-Drop Multiplexer (Oadm) Networks

Challenges

• Adherence to Stringent Regulatory Norms
• Threat to Optical Network Security
• Complex Maintenance and Installation Requirements

Companies Mentioned

• AFL
• Amphenol FSI
• Carlisle Interconnect Technologies
• Corning Optical Communications LLC
• Interconnect Systems PTY Ltd.
• Leviton Manufacturing Co. Ltd.
• OFS Fitel LLC
• Optical Cable Corporation
• Other Key Players
• Prysmian Group
• Radiall
• TE Connectivity
• Tech Optics Ltd.
• Thales
• Timbercon
• W.L. Gore & Associates

For more information about this report visit https://www.researchandmarkets.com/r/oksjxc