Aircraft Wire and Cable Market Scope
.Signals and power are sent using aircraft wire and cables. Harnesses are used to link a variety of cables and wires to protect them from dampness, extreme heat, and vibration. Electric tape, rubber, and conduit are used to keep them together. To transport high-speed data in an airplane, high-frequency signal carrying capacity wire and cables are utilised. Wire and cables are also utilised in flight control systems and lighting applications. Some of the stainless-steel wires are flexible. These are made up of tiny steel wires that have been stranded together to provide the cable a powerful mix of resilience and strength.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD N) |
Key Companies Profiled | TE Connectivity (Switzerland), Amphenol Corporation (United States), Rockwell Collins (United States), Ametek (United States), Radiall (France), Carlisle Companies (United States), Pic Wire & Cable (United States), W.L. Gore & Associates (United States) and A.E. Petsche Co. (United States) |
CAGR | % |
Aircraft wire and cable market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Wire and Cable market throughout the predicted period.
TE Connectivity (Switzerland), Amphenol Corporation (United States), Rockwell Collins (United States), Ametek (United States), Radiall (France), Carlisle Companies (United States), Pic Wire & Cable (United States), W.L. Gore & Associates (United States) and A.E. Petsche Co. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Leviton (United States), Nexans (France) and Lexco Cable Manufacturers (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aircraft Wire and Cable market by Type , by Application (Power Transfer, Data Transfer, Flight Control Systems, Avionics, Lighting and Others) and Region with country level break-up.
On the basis of geography, the market of Aircraft Wire and Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 27 Jan 2021, Nexans with a new agreement has solidified its long-standing partnership with Airbus to provide specialized aerospace cables and wires for commercial and military aircraft and helicopters' electrical systems. Nexans is now a significant supplier of high-performance, lightweight wires to Airbus, which are critical for aircraft efficiency, passenger comfort, and safety. Nexans will work on novel solutions for the next generation of electric and hybrid aircraft over the contract's term. Nexans will also provide cable types include wire, hook-up, power, data, avionics, and fire resistance cable
On 15 Oct 2020, W.L. Gore & Associates has launched a new solution GWN3000 series to meet the higher voltage in aircraft electrification to reduce the impact of air transport on the environment. It provides the optimum mix of mechanical strength and electrical dependability without adding to the size or weight of the wire bundle. In current and next-generation aircraft, the solution delivers improved mechanical and electrical performance over time. They boost operational readiness, improve safety, and lower total lifecycle costs by ensuring EWIS (electrical wire interconnection systems) dependability. The GWN3000 Series fulfills and even surpasses new industry standards for wire bundles operating in harsh aircraft conditions, which demand higher levels of electrical and mechanical endurance.
Influencing Trend:
Digitization and Up-Gradation in Flight Control System, Lighting System, High-Frequency Radio Transmission, and Air Traffic Control
Market Growth Drivers:
Demand for New Aircraft and Modernization of Exiting Aircraft with New Cable Harness and The surge of Fabricating Novel Wires with Life Time Warranty and Reduction in Maintenance Cost
Challenges:
Lack of Trained Professionals to Operate Specific Aircraft Wire and Cable can inhibit the growth of the Aircraft Wire and Cable Market
Restraints:
High Cost of Raw Materials Used in Aircraft Wire and Cable can hamper the Aircraft Wire and Cable Market and Limited Service Available for the Installation of Aircraft Wire and Cable can hinder the Aircraft Wire and Cable Market
Opportunities:
Increase of Budget in Commercial and Defense Aircraft Simultaneously Drive the Opportunity for the Aircraft Wire and Cable Market and Economic Growth across the Region and Increase in Air Passenger Traffic Will Boost the Aircraft Wire and Cable Market
Key Target Audience
Aircraft Wire and Cable Circuit Manufactures, Aircraft Wire and Cable Distributors and Suppliers, Aircraft Wire and Cable International Traders, Airline Operators, Raw Materials and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others