Global RF Cable Market for Aerospace & Defense Industry to Grow with a CAGR of 4.6% During 2021-2030; Market to Grow on Account of Increasing Need for Efficient Communication Systems in Modern Aircraft
Kenneth Research published a report titled “RF Cable Market for Aerospace & Defense Industry: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global RF cable market for aerospace & defense industry in terms of market segmentation by cable type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global RF cable market for aerospace & defense industry is anticipated to grow with a CAGR of 4.6% over the forecast period, i.e., 2021 – 2030. The market is segmented by application into data transmission, video transmission and RF transmission, out of which, the RF transmission segment is projected to garner the largest revenue of USD 848.0 Million by the end of 2030. Moreover, in the year 2020, the market registered a revenue of USD 502.6 Million.
The global RF cable market for aerospace & defense industry is estimated to garner a revenue of USD 2015.6 Million by the end of 2030, up from a revenue of USD 1271.3 Million in the year 2020. One of the major factors anticipated to drive the market growth is the growing need for communication equipment amongst aircraft manufacturers that are light in weight. With the development of lightweight aircrafts, the aircraft manufacturers are increasingly focusing on using lightweight aircraft components.
Geographically, the global RF cable market for aerospace & defense industry is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in the Asia Pacific is expected to garner the largest revenue of USD 1023.6 Million by the end of 2030, up from a revenue of USD 568.7 Million in the year 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Shipments of Aircraft Worldwide to Promote the Market Growth
In one of the statistics by the General Aviation Aircraft Shipment (GAMA), the total shipments of single-engine piston aircraft, multi-engine piston aircraft, turboprops, and business jets, between the years 2010 and 2019 grew from 781 units, 108 units, 368 units, and 763 units respectively to 1111 units, 213 units, 525 units, and 809 units respectively.
One of the major factors that is anticipated to drive the growth of the global RF cable market is the rise in demand for different types of aircrafts. Increasing preference for air travel has grown significantly over the past few years, which is driving the need amongst airline operators to expand their existing aircraft fleet. This has resulted in the surge in demand for aircrafts, which, in turn, is projected to raise the need for RF cable assemblies amongst the aircraft manufacturers for manufacturing these aircrafts.
However, the product highly susceptible to physical damage and the high complexities in the maintenance of these cables are expected to operate as key restraint to the growth of global RF cable market for aerospace & defense industry over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global RF cable market for aerospace & defense industry which includes company profiling of Cobham Advanced Electronic Solutions (CAES), Anritsu Corporation, Rosenberger Hochfrequenztechnik GmbH & Co. KG, W.L. Gore & Associates, Inc., Amphenol Corporation, TE Connectivity, Pasternack Enterprises, Inc., Radiall SA, Prysmian S.p.A, Belden Inc., Bel Fuse Inc., CryoCoax, Nexans, HUBER+SUHNER Group, Molex, LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global RF cable market for aerospace & defense industry that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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