during the forecast period. The growth of this market is mainly driven by digitization and electrification of aircraft systems, increase in aircraft renewals and aircraft deliveries and increasing technological developments.
New York, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Aircraft Wire and Cable Market by Type, Application, Aircraft Type, Conductor Material, Insulation Type, End User and region – Forecasts to 2026” – https://www.reportlinker.com/p05356639/?utm_source=GNW
The sudden outbreak of COVID-19 has wreaked havoc on various industrial sectors, with aviation being one of the hardest hit. The COVID-19 pandemic has negatively impacted end-use industries, leading to a sudden drop in 2020 aircraft orders and deliveries.
This is expected to have a negative impact on the aircraft market in the short term, with a slow recovery expected in the first quarter of 2021.
Harness segment is estimated to dominate the market during the forecast period, with a share of 47% in 2021. Wire harness is an assembly of electrical cables or wires that transmits signals or electric power on a plane.
In the aerospace industry, airplanes contain miles of wiring harnesses. Applications in the aerospace industry include engine, fuselage, wing, landing gear, avionics and a host of other functions.
The aircraft wiring harness also includes composite, Ethernet, data bus, RF coaxial and specialty cable assemblies such as MS3154.
The UAV segment is expected to experience the highest CAGR during the forecast period.
Based on aircraft type, UAV segment is expected to be the highest CAGR rate for the aircraft wire and cable market during the forecast period. Unmanned Aircraft Systems (UAS) or drones, these small aircraft help ground troops cover more territory more safely.
The increased surveillance and reconnaissance capabilities of these small UAS depend on payloads that can include multiple cameras and sensors for a variety of frequencies, such as infrared, thermal, and visible light, as well as sophisticated onboard computing and storage devices. Since flight time depends on the weight the aircraft is carrying, these increased payloads can make it difficult to maintain weight.
As a result of interchange optimization efforts, trends in connectors and cabling include lighter materials, quick disconnects, multiple ports and multifunctions, and compact cabling.
The avionics segment is expected to witness the highest CAGR during the forecast period.
Based on application, the avionics segment is expected to grow at the highest CAGR rate for the aircraft wires and cables market during the forecast period. As aircraft have changed their avionics systems to digital, aircraft wire and cable companies need to provide new avionics systems for the aerospace industry.
Copper alloy segment is expected to witness the highest CAGR during the forecast period
Based on conductive material, the copper alloy segment is expected to grow at the highest CAGR rate for the aircraft wire and cable market during the forecast period. Copper wires are widely used in the aerospace industry due to their electrical properties.
In aircraft, copper is primarily used in the electrical system for busbars, bonding, and as lock wire. Copper is the electrical conductor in many categories of electrical wiring.
Copper wire in aircraft is used for power generation, power transmission, power distribution for telecommunications, electronic circuits, and countless types of electrical equipment.
The Thermoplastics Segment is Expected to See the Highest CAGR Over the Forecast Period
Based on insulation type, the thermoplastic segment is expected to grow at the highest CAGR rate for the aircraft wire and cable market during the forecast period. A new class of thermoplastic composites has strength and modulus (stiffness) values comparable to metals and thermosets.
The technology involves continuous glass fibers or carbon fibers embedded in a thermoplastic polymer matrix, usually made of polyetheretherketone (PEEK) or Ultem PEI (polyetherimide). Composites are made from high performance and thermally stable plastics, and can therefore be used at high temperatures.
OEM segment is expected to witness the highest CAGR during the forecast period
On the basis of end-user, OEM segment is expected to grow at the highest CAGR rate for the aircraft wire and cable market during the forecast period. OEMs are responsible for integrating wires and cables onto aircraft systems during the assembly phase.
After the contraction of the market in 2020, the aviation industry is gradually recovering with an increase in air passenger traffic, which is driving the aeronautical wire and cable sector.
North America market is expected to contribute the largest share from 2021 to 2030
The North America aircraft wire and cable market is expected to hold the highest market share during the forecast period. North America accounted for the largest share of 35.5% of the aircraft wire and cable market and is expected to grow at a CAGR of 5.8% during the forecast period. The presence of major wire and cable manufacturers like Amphenol Corporations and CarlisleIT is one of the main reasons for the growth. The presence of aircraft manufacturers like Boeing and Lockheed Martin which are the major global military players is also one of the reasons for the growth of the market in this region.
Breakdown of Primary The study incorporates information from various industry experts ranging from component suppliers to Tier 1 companies and OEMs. The distribution of the primaries is as follows:
• By type of business: level 1–39%; Level 2-37%; and level 3–24%
• By designation: level C–35%; Directors–27%; and others–38%
• By region: North America – 55%; Europe–27%; Asia-Pacific–9%; and Rest of the world–9%
The aircraft wire and cable market is dominated by a few globally established players such as Amphenol Corporation (US), Carlisle Interconnect Technologies (US), Collins Aerospace (US), TE Connectivity (Switzerland) and Nexans SA . (France).
The study covers the aircraft wire and cable market in various segments and sub-segments. It aims to estimate the size and growth potential of this market across different segments based on type, application, aircraft type, conductive material, insulation type, end-user and by region. .
This study also includes an in-depth competitive analysis of major market players along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and major market strategies adopted by them.
Reasons to buy this report
This report is expected to help market leaders/new entrants with information on the closest approximations of revenue figures for the overall Aircraft Wire and Cable Market and its segments. This study should also provide information by region on end use, and where aircraft wire and cable is used.
This report aims to help stakeholders understand the competitive landscape of the market, obtain insights to improve the position of their businesses, and plan appropriate go-to-market strategies. This report should also help them understand the pulse of the market and provide them with insights into the key drivers, restraints, challenges, and opportunities influencing market growth.
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