Fiber Optic Cables Market

TE Connectivity (Switzerland), Amphenol (US) and Radiall (France) are leading players in Fiber Optic Cables Market for Military and Aerospace

Fiber optic cables are installed on modern aircraft, ships, UAVs, missiles, command and control centers, etc. to enable high data bandwidth and transmission rate for various applications, such as sensors, avionics, communications, flight management systems, etc. The fiber optic cables 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. The North America fiber optic cables market for military and aerospace is growing due to significant investments in various programs by the US military for aircraft and related systems, C4I systems, mission support, space-based systems, etc., whereas the Asia Pacific market is growing due to the increasing demand for new fighter and commercial aircraft.

TE Connectivity (Switzerland), Amphenol (US), and Radiall (France) are some of the key players in the fiber optic cables market for military and aerospace. These market players have been focusing on bringing new products to the market to ensure their organic growth in the fiber optic cables market for military and aerospace. The core competencies of these players include their widespread geographical presence and increasing investments in R&D activities.

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TE Connectivity (Switzerland) focuses on new product developments, having approximately 14,000 patents. This is helping the company in strengthening its position in the transportation, industrial, medical technology, energy, home appliances, and data communication segments. The data communication segment delivers fiber optic cables across the world. The company has a broad existing product portfolio, and focuses on launching new products, with 5% of its revenue assigned for investments in research & development. The company had a workforce of 78,000 employees as of 2017. It has a presence across North America, Asia Pacific, and Rest of the World. TE Connectivity (TE) released a newly developed optical flex circuit cable assembly. These are compact, robust fiber optic circuits, which offer multifiber management solutions for high-speed electronic packaging. These cables are used in aerospace, commercial and military aircraft, and defense systems.

Amphenol (US) is one of the major companies operating in this market. It supplies equipment for various platforms and provides support services for the commercial aerospace & military market. The company acquired Martec Ltd, (UK) in 2016 which has created opportunities for it to expand in the Hermetic interconnect products business. Amphenol designs, manufactures, and assembles its products at facilities in the Americas, Europe, Asia, Australia, and Africa and sells its products through its global sales force, independent representatives, and a global network of electronics distributors.

Radiall (France) mainly focuses on enhancing its product portfolio and carrying out innovations to increase its market share. The military aeronautics space segment of the company accounted for a 45% share of the total sales in 2017. The company focuses on exploring growth opportunities to develop affordable solutions and make them readily available to its international customers through its robust distribution network. The company invested 7.71% of its total revenue in R&D in 2017 to support its growth strategies.

Related Reports:

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

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