Aircraft Wire Cables Market Scope
Aircraft Wire Cables are thin yet extremely high strength cables capable of performing numerous high tensile activities related to aircraft. They are manufactured using different conductive materials and different insulation material depending upon the objective of work and the type of aircraft. This aircraft wire cables even offer high flexibility and weight relatively light for easy transportation and mobility. The boom in aviation sector also resulted in a net positive impact on the other related industries, one of them being aircraft wire cables market. Although the recent pandemic has given a massive setback to the entire Aircraft OWM market and Aftermarket. But the growth propelled by increasing vaccinations and recent military deals is set to drive the market of aircraft wire cables. Geographically, North America is the primary market of Aircraft Wire Cables.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Carlisle Companies Inc. (United States), TE Connectivity (Switzerland), Rockwell Collins (United States), Amphenol Corporation (United States), Pic Wire & Cable (United States), Ametek Inc. (United States), W.L. Gore & Associates Inc.(United States), Leviton (United States), Radiall (France) and Nexans (France) |
CAGR | % |
Aircraft Wire Cables market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Carlisle Companies Inc. (United States), TE Connectivity (Switzerland), Rockwell Collins (United States), Amphenol Corporation (United States), Pic Wire & Cable (United States), Ametek Inc. (United States), W.L. Gore & Associates Inc.(United States), Leviton (United States), Radiall (France) and Nexans (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are A.E. Petsche Co. (United States), Angelus Corporation (United States) and Sanghvi Aerospace Pvt. Ltd. (India).
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 Cables market by Type , by Application (Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting and Others) and Region with country level break-up.
On the basis of geography, the market of Aircraft Wire Cables 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
In 2020, Radiall, France based market leader in designing and development of connectors as well as cables has announced completion of acquisition of Timbercon, Inc. The acquisition was made through its subsidiary Radiall America, Inc. Timbercon develops fiber optic interconnect technology for a variety of applications such as aerospace, healthcare, defence, and telecom. The acquisition will make Radiall and Timbercon offer high quality end to end fiber optic solutions with combined synergies and expertise.
In 2020, Carlisle Companies Inc., US based diversified industrial firm offering wide range of engineering products has announced termination of previously signed binding agreement to acquire Draka Fileca SAS. The step was taken after no regulatory approval received. Draka Fileca is a France based high end cable solutions provider, with its prominent clients being European Space Agency among others.
Influencing Trend:
Aluminium Alloys is the Most Preferred Conductive Material
Market Growth Drivers:
Growth of Aerospace Industry Fuelled by Exploding Air Travel Industry and Rising Military Expenditure Worldwide
Challenges:
Maintaining the Efficiency of Supply Chain even After Global Disruptions such as Pandemic
Restraints:
Negative Impact on Aviation Industry Due to Pandemic
Opportunities:
Military Sector has begun to Rise Back Again Providing Opportunities
Key Target Audience
Aircraft Wire Cables Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries