Dublin, Sept. 08, 2020 (GLOBE NEWSWIRE) — The “Aerospace Fiber Optic Cables Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Mode; Application; Fit Type; End User” report has been added to ResearchAndMarkets.com’s offering.
In terms of revenue, the global aerospace fiber optic cables market was valued at US$ 1, 924.65 million in 2019 and is expected to grow at a CAGR of 4.3% during the forecast period to reach US$ 2, 645.86 million by 2027.
The commercial aviation sector has begun to adopt the fiber optic cables technology in the recent past, with limited aircraft fleet using the technology across their airframe. Since the commercial aircraft manufacturers are facing enormous orders and are delivering substantial fleet size to different airlines, the commercial sector poses a lucrative business opportunity for the aerospace fiber optic cables market players. Additionally, the MRO activities are tremendously growing across the globe, and the modification and retrofitting are among the crucial components of aircraft MRO. Thus, retrofitting of fiber optic cables on commercial aircraft fleet is expected to drive the businesses of aerospace fiber optic cables market players.
The aerospace fiber optic cables market has been segmented on the basis of mode, application, fir type, end user, and geography. Based on mode, the aerospace fiber optic cables market is segmented as single-mode and multi-mode. On