Industry Background:
The global aircraft wiring harness market is expected to witness significant growth during the forecast period according to the AMA study. This is owing to the growing adoption of electrical components for assembly in aircraft, rising initiatives for reducing environmental emissions through aircraft and strict regulations regarding carbon emissions by aircraft is boosting the demand for aircraft electrification globally and thereby driving the demand for aircraft wiring harness globally.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Aircraft Engineering & Installation Services Inc. (United States), Bergen Cable Technology, Inc (United States), Collins Aerospace (United States), Dacon Systems, Inc. (United States), Eaton (Ireland), GKN Aerospace (United Kingdom), Interconnect Wiring (United States), Latécoère (France), Safran (France), SteinAir (United States), TE Connectivity (Switzerland), Ventura Aerospace Inc. (United States), Star Aviation, Inc. (United States), Co-Operative Industries Aerospace & Defense (United States), AeroFlite Enterprises, Inc. (United States) and Direct Avionics (United States) |
This growth is primarily driven by Growing Demand for Aircraft Wiring Harness Propelled by Introduction of Electric Powered Aircraft & the Growing Production of Commercial & Military Aircraft and their Fleet and Growing Initiatives such as Adoption of Electrical Systems Over Traditional Fuel Systems for Reducing Environmental Emissions by Aerospace Companies.
Globally, a noticeable market trend is evident Adoption of Electronic Components in the Transforming Aerospace Industry Due to Digitization The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Aircraft Engineering & Installation Services Inc. (United States), Bergen Cable Technology, Inc (United States), Collins Aerospace (United States), Dacon Systems, Inc. (United States), Eaton (Ireland), GKN Aerospace (United Kingdom), Interconnect Wiring (United States), Latécoère (France), Safran (France), SteinAir (United States), TE Connectivity (Switzerland), Ventura Aerospace Inc. (United States), Star Aviation, Inc. (United States), Co-Operative Industries Aerospace & Defense (United States), AeroFlite Enterprises, Inc. (United States) and Direct Avionics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The vendors in this market are majorly focusing towards the development of electrical systems to meet the carbon emission goals set by different government associations due to pollution problems in the global environment because of aircraft emissions. For instance, in December 2019, GKN Aerospace announced that it has opened a new manufacturing facility for electrical wiring interconnection systems in India.
Key Developments in the Market:
In March 2023, Collins Aerospace launched Powered by Collins Initiative to foster collaboration with Deep Tech Small-Medium Enterprises. Unveiled at the South by Southwest Conference, the program aims to facilitate collaboration between Collins and Deep Tech firms on advanced technologies to rapidly field new products and services for the aerospace industry.
In February 2020, GKN Aerospace announced that it has won a six-year multi-million dollar contract from Boeing to supply electrical wiring interconnect systems for Boeing B777X wiring.
Regulatory Insights:
Regulations Regarding the Product Quality, Reliability, Performance, and Implementation in Different Applications of Aviation
Influencing Trend:
Adoption of Electronic Components in the Transforming Aerospace Industry Due to Digitization
Market Growth Drivers:
Growing Demand for Aircraft Wiring Harness Propelled by Introduction of Electric Powered Aircraft & the Growing Production of Commercial & Military Aircraft and their Fleet and Growing Initiatives such as Adoption of Electrical Systems Over Traditional Fuel Systems for Reducing Environmental Emissions by Aerospace Companies
Challenges:
Challenges in Manufacturing of Aircraft Wiring Harnesses as it Requires Highly Qualified Professionals with Capabilities of Using the Right Tool and Materials for Manufacturing of High-Reliable Product and Challenges in Assembly of Wiring Harnesses Due to Their Large, Heavy, Large Number of Components & Multiple Breakdowns Nature
Opportunities:
Expected Orders and Delivery of more than 38,000 Commercial Aircraft During the Next 20 Years and Technological Advancements in the Wiring Harness for Different Applications
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aerospace Wiring Harness Market
- Analysis about New Entrants in Aerospace Wiring Harness Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aerospace Wiring Harness Study Sheds Light on
The Aerospace Wiring Harness Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aerospace Wiring Harness industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aerospace Wiring Harness industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.