North America Metal Coated Fiber Market

Market Introduction

North America constitutes economies such as the US, Canada, and Mexico. The aerospace industry's tremendous growth in North America highly contributes to the development of metal coated fibers. The commercial aviation sector in North America is witnessing growth, majorly attributed to the rising domestic and international air passenger traffic. To cater to the increasing demand for air travel, airlines are placing orders for newer generation aircraft that may either operate on new routes or replace the aging aircraft in the fleet. Airlines based in the US and Canada have placed orders for various hundred aircraft scheduled to be delivered between 2020 and 2025. Delta Air Lines, American Airlines, Air Canada, United Airlines, and Southwest Airlines are notable airlines based in North America. Air passenger traffic growth, the demand from airlines to replace their aging fleet, and high aircraft order backlog are significant growth factors for the aircraft industry, fueling the demand for metal coated fibers. Increasing demand from harsh environment-related applications is the major factor driving the growth of the North America metal coated fiber market.  

North America is one of the worst affected economies due to the COVID-19 pandemic. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries has negatively influenced the growth of the end use sectors. The significant disruption in manufacturing has had an impact on the demand for metal coated fibers in the region. The COVID-19 pandemic has also impacted the aerospace and defense industry. The pandemic’s impact on the aerospace and defense industry was immediate and profound. However, the market is reviving on account of the significant measures initiated by governing organizations across the region, such as vaccination drives. Various industries are also overcoming the challenges of supply chain disruptions of their raw materials. Many players are resuming pre-COVID investment plans as businesses gain confidence in stabilizing economies and anticipate increased demand. This is expected to provide the impetus for market growth.

Market Overview and Dynamics

The metal coated fiber market in North America is expected to grow from US$ 16.43 million in 2021 to US$ 27.95 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. Over the last few years, several trends have shaped the telecom industry in the region. In several countries, the telecommunications and digital services sector had an important role in countries’ ability to manage their economic and vital sectors remotely. There have been considerable investments from mobile network operators to improve network capabilities. Moreover, according to the Department of Public Works and Infrastructure (DPWI) draft National Infrastructure Plan 2050 (NIP), the government of several countries wants to have high-speed internet in every community by 2023–2024. Hence, the growing telecommunication industry in the region will offer more opportunities to the market players in the metal coated fibers market.

Key Market Segments

The North America metal coated fiber market is segmented into material, coating method, end user, and country. Based on material, the North America metal coated fiber memory market is segmented into aluminum, copper, nickel, and others. The aluminum segment dominated the market in 2020 and copper segment is expected to be the fastest growing during the forecast period. Based on coating method, the North America metal coated fiber memory market is segmented into freezing method, electroplating, electroless plating, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period. Based on end user, the North America metal coated fiber memory market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research & development, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on metal coated fiber market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AFL; Arts Photonics GMBH; FORC- Photonics; IVG fiber limited; Molex, LLC (Koch Industries, Inc.); OZ Optics Ltd.; Technical Fiber Products; and Thorlabs, Inc.  are among others.

Reasons to buy report

• To understand the North America metal coated fiber market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America metal coated fiber market
• Efficiently plan M&A and partnership deals in North America metal coated fiber market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America metal coated fiber market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Metal Coated Fiber Market Segmentation

North America Metal Coated Fiber Market –By

Material

• Aluminum
• Copper
• Nickel
• Others

North America Metal Coated Fiber Market –By Coating Method

• Freezing Method
• Electroplating
• Electroless Plating
• Others

North America Metal Coated Fiber Market –By End User Industry

• Oil & Gas
• Defence & Aerospace
• Medical
• Telecommunication & Data Centers
• Research & Development
• Others

North America Metal Coated Fiber Market -By Country

• US
• Canada
• Mexico

North America Metal Coated Fiber Market -

Company Profiles

• AFL
• Arts Photonics GMBH
• FORC- Photonics
• IVG fiber limited
• Molex, LLC (Koch Industries, Inc.)
• OZ Optics Ltd.
• Technical Fiber Products
• Thorlabs, Inc.

North America Metal Coated Fiber Strategic Insights

Strategic insights for the North America Metal Coated Fiber provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Metal Coated Fiber Report Scope

North America Metal Coated Fiber Regional Insights

The geographic scope of the North America Metal Coated Fiber refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.