CHICAGO, September 28, 2018 /PRNewswire/ --
According to the new market research report "Fiber Optic Cables Market for Military and Aerospace by Application (Avionics, Cabin Interiors, Flight Management Systems, IFE Systems, Communication Systems, Radar Systems, Electronic Warfare), End Use, Type, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market for military and aerospace is projected to grow from USD 1.82 billion in 2018 to USD 2.00 billion by 2023, at a CAGR of 1.93% from 2018 to 2023.
Don't miss out on business opportunities in Fiber Optic Cables Market for Military and Aerospace. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=235960805
Rise in demand for bandwidth and reliability and airframers & operators installing fiber optic cables in new and upgraded aircraft are the major factors driving the fiber optic cables market for military and aerospace.
Based on application, the radar systems segment is projected to grow at the highest CAGR during the forecast period
Based on application, the radar systems segment of the fiber optic cables market for military and aerospace is projected to grow at the highest CAGR during the forecast period. New modern warfare military technologies include the use of network-centric warfare systems and electronic warfare systems. The radar is an important component of these warfare systems. It improves the efficiency of such systems by tracking and identifying objects accurately as well as improving surveillance capabilities and situational awareness.
Based on end use, the space segment is estimated to witness the highest growth during the forecast period
Based on end use, the space segment of the fiber optic cables market for military and aerospace is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the increasing requirement for Situational Awareness (SA) in military operations and rising use of geospatial intelligence. Intelligence is considered a crucial military competency as it acts as a force-multiplier by providing advanced situational awareness to armed forces.
Browse in-depth TOC on "Fiber Optic Cables Market for Military and Aerospace"
72 - Tables
45 - Figures
154 - Pages
Based on type, the single-mode segment is projected to grow at a higher CAGR during the forecast period
Based on type, the single-mode segment of the fiber optic cables market for military and aerospace is projected to grow at a higher CAGR than the multi-mode segment during the forecast period. The anticipated higher growth rate of the single-mode segment is due to changing demographic trends and increasing demand for connected devices, which are expected to contribute to the growth of the single-mode segment.
The Asia Pacific market is expected to witness considerable growth during the forecast period
Among regions, the Asia Pacific fiber optic cables market for military and aerospace is projected to witness considerable growth during the forecast period. Factors responsible for the growth of the fiber optic cables market for military and aerospace in the Asia Pacific include the growing demand for new aircraft and defense systems. Increasing investments towards the development of defense products, and growing focus of both, international and domestic players on the region are expected to lead to the growth of the market during the forecast period.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=235960805
Major companies profiled in the fiber optic cables market for military and aerospace report are Amphenol (US), Rockwell Collins (US), Carlisle Companies (US), Corning (US), Finisar (US), W.L. Gore & Associates (US), OFS Fitel (US), AFL Global (US), Optical Cable Corp. (US), TE Connectivity (Switzerland), Radiall (France), and Prysmian Group (Italy), among others.
Please explore relevant report "Aircraft Wire and Cable Market" also.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-fiber-optic-cable-market.asp
Visit Our Website: https://www.marketsandmarkets.com