Global Aircraft Wire and Cable Market: Key Highlights
Global Aircraft Wire and Cable Market: Key Market Dynamics
Global Aircraft Wire and Cable Market: Regional Overview
According to The International Air Transport Association (IATA), Asia-Pacific will drive the demand from 2015-2035 for the passengers in the market which will lead to boost the new aircraft business during next seven years. Moreover, by 2024 China will have the world's largest market for aviation which would be more than the US. Indonesia and Japan will be ranked 5th and 7th respectively in manufacturing of aircraft. According to the Boeing service report over the next 20 years, approximately 40% of the aircraft deliveries will be in the Asia-Pacific region. The demand for aviation in the region would grow by 5.1%.
According to the report of the International Air Transport Association (IATA) in 2037, Europe will grow by CAGR OF 2.0 % with the total market of 1.9 billion passengers. In 2040, Europe the regulation and growth would have 16.2 million flights that will more than 53% of 2017 with an average growth of 1.9% per year over 2017-2040. In 2017, the region recorded broad traffic growth which is up to 10.6 million. In the region, an internal flight is accounted for nearly 80% for the total traffic, where arrivals and departures accounted for 19%.
Global Aircraft Wire and Cable Market: Key Players Overview
Amphenol Corporation is the leading manufacturer of electronic and fiber optic connectors, cable and interconnects systems such as coaxial cables. The company provides for the high performance interconnect system and for the commercial aerospace component market. It also provides s rigid and flexible printed circuits as well as high technology cable management products. However, is a major supplier of the interconnecting solution to the aircraft engine market. Furthermore, in 2016, W. L. Gore & Associates, Inc. (Gore) and Amphenol Corporation recently launched high-speed interconnect offerings to deliver superior 10 Gigabit Ethernet (GbE) performance for military and civil aircraft applications.
AMETEK, Inc. is one of the global manufacturer of the electronic instrument and for electromechanical devices. The company consists of two operating groups such as electronic instruments and electromechanical with highly differentiated technology and a leading position in the niche market. Moreover, it provides custom-designed harness and cable for marine, land and for aerospace applications. the company provides features such as superior reliability and durability and waterproof and flexible up to 500 degrees Fahrenheit. In 2019, AMETEK PDS is expanded its overhaul capabilities for its MB76C-1 compressor drive motor.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis, and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Phone: +1 (720) 306 9020