Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The development process of the aircraft wires and cable markets has led to numerous important trends to address requirements that are evolving according to the demands of aviation. One thing that significantly influences it is an increased interest in modern airplanes with advanced avionics systems and communication facilities. A significant trend has been the emergence of lightweight, high-performance wires and cables. This has driven demand for sophisticated wiring solutions driven by technologies like fly-by-wire systems or in-flight entertainment system integrations on aircraft. They get increasingly connected and complex, which means there have to be robust network cables that are able to communicate between different avionic interfaces seamlessly on board various planes. Consequently, we have witnessed a greater focus on developing cables capable of transmitting higher data speeds without breaking down because they can withstand harsh environments characterized by aerospace manufacturing systems.
Another prominent movement is towards the adoption of fiber optics in aircraft cabling systems. Fiber optic cables possess many advantages, including faster information transfer rates, easier installation, and less weight immunity from electromagnetic interference, which makes them highly suitable for such applications as high-speed data transmission within an airplane. Flight safety, together with compliance with strict aviation rules, remains a core issue in relation to Aircraft Wires and Cables Market. Fire resistant self extinguishing wires are examples of developments aimed at enhancing the safety of such systems in airplanes. This market has become influenced by factors like increased awareness of environmental sustainability and demand for environmentally responsible products. Airplane producers and operators are searching for greener ways of manufacturing wires, cables, etc. This may involve the development of materials that can be recycled and other practices that would make their production less polluting.
Moreover, the Aircraft Wires and Cables Market is evolving in response to the emergence of electric and hybrid aircraft. However, the transition to electric propulsion systems calls for special wiring solutions to support power distribution equipment as well as control systems within these planes. In conclusion, this market is changing significantly with respect to dynamic needs relating to the aviation industry. Lightweight wires or cables which exhibit high-performance characteristics have now become leading trends in the market. Fiber optics integration, a focus on safety & compliance, sustainability initiatives, and a shift towards electric & hybrid aircraft will define the future market direction for the industry. The Aircraft Wires and Cables Market thus plays an important role in ensuring connectivity and functionality in new-generation airplanes as the aviation sector continues to innovate.
Aircraft Wires Cables Market Highlights:
Aircraft Wires and Cables Market OverviewÂ
Aircraft Wires and Cables Market size was valued at 1.7 Billion in 2022. The Aircraft Wires and Cables industry is projected to grow 2.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.70% during the forecast period (2022 - 2032)
Aircraft wires and cables are used for the functioning of the aircraft to ensure electrical safety by preventing fires and dangerous fumes and to offer enhanced safety to passengers. Furthermore, stringent government regulations regarding aircraft wiring and cabling require aircraft manufacturers to invest in regular maintenance and inspection. For instance, the US Federal Aviation Administration (FAA) provides guidelines for the maintenance and inspection of electrical wiring interconnection systems (EWIS) and fuel tank wiring.
The number of passengers carried by airlines increased from 4 billion passengers in 2020 to 4.3 billion passengers in 2027; therefore, the increase in air traffic and the subsequent demand for new aircraft are key factors propelling the growth of the global aircraft wires and cables market. Additionally, rise in focus on aircraft modernization programs and growing emphasis on aviation safety are boosting the market growth. However, backlog in new commercial aircraft deliveries is expected to hamper the market growth.
Aircraft Wires and Cables Market Segmentation
Based on Type
The global aircraft wires and cables market has been divided into aircraft wire, aircraft cable, and aircraft harness. In 2018, the aircraft harness segment dominated the market. However, the aircraft wire segment is estimated to expand at the highest CAGR during the forecast period of 2019 to 2025. The increasing demand for new aircraft from airlines to cater to the rising air passenger traffic is expected to drive the segment growth. Furthermore, aircraft wires are required for connecting various parts of the aircraft such as cockpit, engine, wings, and fuselage. Hence, the segment is anticipated to expand at the highest CAGR during the forecast period.
Based on Fit
The market has been bifurcated into line-fit and retrofit. The retrofit segment dominated the market in 2018. However, the line-fit segment is estimated to expand at a higher CAGR during the forecast period. The line-fit refers to wires and cables that are installed on the production line by the aircraft manufacturer. The line-fit of aircraft wire and cables minimize the need for customization and hence decreases the time taken to deploy the aircraft. Therefore, the segment is expected to register a higher growth rate during the forecast period.
Based on Type
The aircraft wires and cables market has been segregated into military aircraft and civil aircraft. The civil aircraft segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period. Factors such as increasing air passenger traffic and decrease in airfares are expected to drive the segment growth.
Based on Application
The market has been classified as lighting, flight control system, power transfer, data transfer, avionics, and others. The flight control system segment dominated the market in 2018. However, the lighting segment is anticipated to expand at the highest CAGR during the forecast period. Increase in investments by aircraft OEMs in installing advanced cabin interior and exterior lighting is expected to fuel the growth of the segment as wires and cables assist in transferring energy to light up high-intensity mood lighting, beacons, and lights.
Based on Region
The global aircraft wires and cables market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America dominated the global market in 2018 owing to the presence of prominent aircraft manufacturers such as Boeing. However, the market in Asia-Pacific is expected to grow at the fastest rate during the forecast period. Rising air passenger traffic in emerging economies, such as China and India, is propelling the growth of the aircraft wires and cables market in Asia-Pacific. According to the International Air Transport Association (IATA), the air passenger traffic in Asia-Pacific is expected to reach 8.2 billion by 2037. Hence, rising air passenger traffic is boosting the demand for new aircraft in the region. According to Boeing, 16,930 aircraft were delivered in Asia-Pacific in 2018.
Key Players
Key players in the global aircraft wires and cables market are Amphenol Corporation (US), AMETEK, Inc. (US), Arrow Electronics, Inc. (US), Carlisle Companies Inc. (US), Leviton Manufacturing Co., Inc. (US), The Angelus Corporation (US), Radiall (France), Collins Aerospace (US), TE Connectivity (Switzerland), W.L.Gore & Associates, Inc. (US), NEXANS (France).
Recent Development
TE Connectivity Ltd. (NYSE:TEL):
February 2024:Â Showcased its latest advancements in lightweight and fire-resistant aircraft wire and cable solutions at the Aircraft Interiors Expo in Hamburg, Germany. [Source: Company Press Release]
Carlisle Interconnect Technologies (NYSE:CAR):
No recent news found specific to aircraft wires and cables. However, the company did announce a new partnership with a leading manufacturer of electric vertical takeoff and landing (eVTOL) aircraft in February 2024, which could potentially involve wire and cable solutions. [Source: Company Press Release]
W.L. Gore & Associates (Private Company):
December 2023: Announced a new collaboration with a major defense contractor to develop and supply high-performance cables for next-generation military aircraft. [Source: Company Press Release]
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Secondary Research
In this process, data is collected from various secondary sources including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Key Insights
- Market sizing, forecast, and analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country trends and forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Rest of the World, along with key countries in each region
- Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive intelligence: Market share analysis, financial analysis, product benchmarking, and strategies such as joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
