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The aircraft wire and cable market is projected to grow at a CAGR of 5.91% during the forecast period.
The aircraft wire and cable market is projected to grow from USD 695.2 million in 2017 to USD 926.4 million by 2022, at a CAGR of 5.91% between 2017 and 2022. Over the years, passenger traffic has increased in the UAE and emerging countries, such as India and China. In addition, airlines are demanding lightweight and fuelefficient aircraft with enhanced engine efficiency to reduce operational cost and increase profit margins, which is resulting in aircraft modernization programs whereby old aircraft are being replaced with new and more efficient aircraft. However, the existing backlog in aircraft deliveries can restrain the growth of the aircraft wire and cable market. Delays in aircraft deliveries can also result in cancellation of aircraft orders.
Based on type, the aircraft harness segment is estimated to lead the aircraft wire and cable market in 2017.
Based on type, the aircraft harness segment is estimated to lead the aircraft wire and cable market in 2017. Owing to features such as vibration and abrasion resistance, space optimization, and easy installation, aircraft harnesses are widely used when compared to individual wires and cables. The demand for aircraft harness is also expected to grow during the forecast period due to the increase in the number of commercial passenger and cargo aircraft across the globe.
Based on application, the flight control system segment is estimated to lead the aircraft wire and cable market in 2017.
Based on application, the flight control system segment is estimated to lead the aircraft wire and cable market in 2017. Flight control system ensures the reliability of aircraft flight, and wires and cables are essential in interconnecting these systems. With the adoption of flybywire aircraft in the present generation, wires and cables used for primary and secondary flight control system are significantly more as compared to other applications. Hence, this segment is estimated to lead the aircraft wire and cable market during the forecast period.
North America is expected to lead the aircraft wire and cable market in 2017. North America is estimated to lead the aircraft wire and cable market in 2017. Countries considered under North America are the US and Canada. The presence of some of the major aircraft manufacturers, such as Boeing US, Bombardier Canada, Lockheed Martin US, Bell Helicopter US, and Sikorsky Aircraft US, among others, in North America and a large number of aircraft deliveries to this region have contributed to the growth of the aircraft wire and cable market in North America.
Breakup of profile of primary participants for this report:
By Company Type: Tier 1 35%, Tier 2 45%, Tier 3 20%
By Designation: C level 35%, Director level 25%, Others 40%
By Region: North America 45%, Europe 20%, Asia Pacific 30%, RoW 5%
Some of the key players in the aircraft wire and cable market include TE Connectivity Switzerland, Amphenol Corporation US, Rockwell Collins US, Ametek US, Radiall France, Carlisle Companies US, Pic Wire Cable US, W.L. Gore Associates US, A.E. Petsche Co. US, Leviton US, etc.
The study segments the aircraft wire and cable market based on application flight control system, lighting, data transfer, power transfer, avionics, and others, type aircraft wire, aircraft harness, and aircraft cable, fit linefit and retrofit, aircraft type civil aircraft, military aircraft, and maps these segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW Rest of the World. The report provides indepth market intelligence regarding the market dynamics and major factors influencing the growth of the aircraft wire and cable market drivers, restraints, opportunities, and industryspecific challenges, along with an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the aircraft wire and cable market.
Reasons to buy the report:
From an insight perspective, the aircraft wire and cable market report focuses on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape, highgrowth regions and countries, and their respective regulatory policies, drivers, restraints, and opportunities.
The aircraft wire and cable market report provide insights on the following pointers:
Market Penetration: Comprehensive information regarding the competitive landscape of the aircraft wire and cable market
Market Sizing: Market size in the financial year 20152016 and projection of the market size from 2017 to 2022
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the aircraft wire and cable market
Market Overview: Market dynamics and subsequent analyses of associated trends, drivers, restraints, and opportunities prevailing in the aircraft wire and cable market
Market Development: Comprehensive information about lucrative markets by analyzing markets for aircraft wire and cable across various regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft wire and cable market
Regional Analysis: Factors influencing market shares of North America, Europe, Asia Pacific, and the Rest of the World
Competitive Assessment: Indepth assessment of strategies, products, and manufacturing capabilities of leading market players
Original Article: Aircraft Wire and Cable Market by Type Harness, Wire, Cable, Application Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting, Fit Linefit, Retrofit, Aircraft Type Civil, Military, and Region Global Forecast to 2022 [Report Updated: 0NEXT ARTICLE