Between 2023 and 2033, the aerospace fibre optics market is projected to grow at a consistent CAGR of 6.2%. By 2033, a market share of US$ 7.2 billion is predicted for this industry, up from an estimated US$ 3.9 billion in 2023.
– The enhanced impact and crush-resistant buffering systems, along with the chemically inert & temperature-resistant materials, are flourishing the adoption of fiber optics. Furthermore, the improved electrical, mechanical, and climate performance is also flourishing the market growth.
– The increased robustness and extended shelf life are expected to push the end-user industries to add layers to the communication networks. Factors like lower costs, lighter weight, and thinner diameter are fueling the market growth.
– Aerospace fiber optics enable lower signal loss, longer life span, and greater security. Moreover, aviation applications, unmanned aerial vehicles, satellites, military weapons systems, and medical applications are garnering the market’s growth trajectory.
– The authorities are pushing the quality, strength, and reliability of complex defense air crafts applications to gain market traction. The higher security level delivered by aerospace fiber optics is advancing the safety levels while cruising through space.
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Key Points
- The United States market leads the aerospace fiber optics market in terms of market share in North America. The United States region held a market share of 29.10% in 2022. The growth in this region is attributed to higher defense and aerospace budgets, technological integration, and the presence of private aerospace companies are fuelling the regional growth.
- The German market is another important market in the European region. The market held a market share of 5.3% in 2022. The growth is attributed to the expanding aerospace research and development along with the advancements in the defense sector. The expanding advent of effective communication and faster internet connection is garnering market growth.
- The Indian aerospace fiber optics market thrives at a CAGR of 7.4% between 2023 and 2033. The growth is attributed to the government’s focus on the research-based transformation of its aerospace operations.
- The Chinese market also thrives at a CAGR of 6.8% during the forecast period. The flourishing growth is caused by increased marine and defense jet consumption.
- Based on product type, the single-mode segment leads the market, as it held a share of 60.8% in 2022.
- Civil aviation leads the market based on the end-use type, as it held a market share of 57.6% in 2022.
Competitive Landscape
The key vendors focus on better space-saving setups and temperature-resistant materials. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
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Recent Market Developments
– Smart Fibres Ltd has introduced Halliburton, which acquires smart fiber. It comes with the fiber optic DTS, DPS, and DAS (Distributed Temperature, Pressure, and Acoustics)
– Corning Incorporated has launched its aerospace and defense optics as electro-optical infrared (EOIR).
Key Segments Covered
By Product Type:
- Single Mode
- Multimode
By End-use Type:
- Civil Aviation
- Defense
- Space
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
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