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Aircraft Wire and Cable Market Size, Share and COVID-19 Impact Analysis, By Component (Aircraft Cable, Wire Rope, Strand, and Others), By Material (Galvanized and Stainless Steel), By Diameter (1 mm, 1/16, 1/8, 3/32, 5/64, and 3/64), By Type (Plenum, Coaxial, Industrial, Low-Cap, Mid-Cap, and Fire Alarm), By Terminal (Ball, Barrel, T-Terminal, Loop, Snap Hook, and Others), By Coating type (Shielded and Unshielded), By Aircraft Type (Commercial, General Aviation, Commercial Helicopters, Military, and UAVs), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI108191 | Status : UpcomingThe global aircraft wires and cable market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Aircraft wires and cables refer to the electrical wiring systems and components used in aircraft for transmitting electrical power and signals between various aircraft systems, components, and devices. These wiring systems are crucial for the aircraft’s operation, control, and communication. Aircraft wiring systems consist of a network of wires, cables, connectors, and associated components that form the electrical infrastructure of the aircraft. These components are designed to meet stringent safety and reliability standards, considering the unique challenges and requirements of the aviation industry.
Key Market Insights:
The growing demand for commercial and military aircraft globally along with the need to upgrade and retrofit older aircraft with modern avionics systems and advanced technologies, is a significant driver for the aircraft wires and cables market. New aircraft programs, such as the Boeing 737 MAX or Airbus A320neo, contribute to the market growth by requiring extensive wiring installations. Moreover, the specific requirements for aircraft wiring systems to ensure the safety and reliability of electrical systems, mandated by regulatory organizations such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA).
The continuous advancement in aviation technology, particularly in electrical systems, avionics, and connectivity, drives the demand for specialized wires and cables. These advancements include adopting lightweight materials, improved insulation and shielding properties, and enhanced data transmission capabilities. For example, the increasing demand for high-speed data connectivity and implementing wireless systems within aircraft require robust and high-performance wiring solutions.
But, aircraft wiring systems must meet strict weight and space requirements to minimize the aircraft’s overall weight and optimize space utilization. As aircraft design and technology continue to evolve, there is an increasing focus on weight reduction and space optimization. Wire and cable manufacturers face challenges in developing lightweight solutions while maintaining the necessary electrical performance and reliability. Furthermore, the aircraft wires and cables market is highly competitive, with several established players and a limited number of major suppliers. Intense competition can create pricing pressures and impact profit margins.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the Aircraft Wire and Cable Market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e., North America, Europe, Asia Pacific, and the Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the aircraft wire and cable industry in these regions.
Regional Analysis:
North American region has captured the most significant market share in the global aircraft wire and cable market during the forecasted period due to the presence of renowned manufacturers in U.S., such as The Boeing Company, Lockheed Martin, Honeywell International, and others, and the increasing number of aircraft along with the technical advancement in aerospace sector by U.S. The need for aircraft cables and wires in the Asia Pacific region is anticipated to rise due to the expanding aviation industries in nations such as China, Japan, and India. For instance, according to IATA, the air traffic growth in the Asia Pacific region has accelerated to 54.4% in 2022 from last year.
Key Players Covered:
- Ametek, Inc
- Amphenol Corporation
- Carlisle Companies
- Leviton Manufacturing Co
- Miracle Electronics Devices Pvt. Ltd
- Nexans
- Radiall Ltd
- Rockwell Collins
- T.E. Connectivity
- W.L. Gore and Associates
- Aerospace Wire & Cable Inc
- Collins Aerospace
- others
Aircraft Wires and Cable Market Segmentation:
By Component | By Material | By Diameter | By Type |
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By Terminal | By Coating | By Aircraft Type | By Geography |
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Key Industry Developments:
- In January 2023, U.S. Air Force made an agreement with five electronics manufacturing companies (Cherokee Nation Aerospace and Defense LLC., Interconnect Wiring LLP, KIHOMAC Inc., Parts Life Inc., Richard Manufacturing Co) to provide wiring harnesses for the Air Force F-16 combat jet fleet.
- In March 2022, Rossell Techsys of India was engaged by Boeing to manufacture and deliver Electrical Wiring Interconnect System (EWIS) for the T-7A Red Hawk under the indefinite-delivery, indefinite-quantity (IDIQ) strategic agreement of a total of 84 distinct parts throughout FY 2032.
- Global
- 2023
- 2019-2022