World Fiber Optic Cables Market to See Approx 1.93% Growth Rate to 2023, Driven by Defense Strategy of All Countries

PUNE, India, October 3, 2018 /PRNewswire/ --

Fiber optic cables market for military and aerospace has been fragmented on source of end use, application, type, & region. Based on end use, fiber optic cables market for military and aerospace has been segmented into commercial, military, and space, this report added by ReportsnReports

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% during the forecast period. Growth in the fiber optic cables market for military and aerospace can be attributed to the increasing commercial adoption of fiber optics and growth in platforms, such as unmanned systems, space launch vehicles, and satellites.

Read More 72 Market Data Tables and 45 Figures spread through 154 Pages and in-depth TOC on "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" Now at https://www.reportsnreports.com/reports/1707287-fiber-optic-cables-mar ... .

The military segment is estimated to lead fiber optic cables market for military and aerospace in 2018. Modernization programs of armies and increasing adoption of fiber optic cables for C4ISR applications for high speed communication are expected to drive the market for fiber optic cables for military and aerospace.

The fiber optic cables market for military and aerospace is projected to grow at a CAGR of 1.93% during the forecast period 

North American region is estimated to lead fiber optic cables market for military & aerospace in 2018. US & Canada are key countries considered for market analysis in this region. Increasing adoption of fiber optics for high speed land connectivity & procurement of military & commercial aircraft expected to fuel growth of fiber optic cables market for military & aerospace in North America.