Aircraft Wire And Cable Market To Reach USD 1.2 Billion In 2027 | CAGR 7.1% - Forencis Research

Aircraft Wire and Cable Market Size, Share, Trends, Growth, Analysis, Research

Global Aircraft Wire and Cable Market: Key Highlights

  • According to the new market research report “Aircraft Wire and Cable Market by Type (Aircraft Wiring Harnesses and Aircraft Cable), By Application (Data Transmission, Avionic, Power Transfer, Lightning Protection, Flight Control System), By Fit Type (Line-Fit and Retrofit), By Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business, and General Aviation and Others), By Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2018 to 2027) “the global Aircraft Wire and Cable Market is estimated & to reach USD 1.2 Billion in 2027 at a CAGR of 7.1% during forecast period 2019-2027.
  • Increasing demand for new aircraft is excepted to increase the demand for the Aircraft wire and cable market for passenger safety as well as for prevention from the explosion which is expected to boost the market in the forecast period.
  • However, difficulty in manufacturing and installation issues are expected to hinder the growth of the market during the forecast period.

Aircraft Wire and Cable Market

Global Aircraft Wire and Cable Market: Key Market Dynamics

  • Growing innovation and digital transformation for aircraft advances the fly by wire technology are some other major factors expected to boost the growth of the global aircraft wire and cable market over the forecast period.
  • However, difficulty in manufacturing and installation is expected to hinder the growth of the global aircraft wire and cable market.
  • Increasing demand for new aircraft is anticipated to grow the demand for the manufacturing of new aircraft with which drive to wire and cable market of aircraft in the forecast period.
  • Delay in aircraft deliveries can also resulted in the cancellation of aircraft orders which may restrain the growth of the market during the forecast period.

Global Aircraft Wire and Cable Market: Regional Overview

  • Asia-Pacific

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%.

  • Europe

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:

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.:

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.

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