Aircraft Wire and Cable Market to offer a healthy CAGR of 7.2% during 2020-25
February 13, 2020
Aircraft Wire and Cable Market Overview:
Aircraft wire and cable market is likely to witness an impressive CAGR of 7.2% during the forecast period. Augmented number of orders for the procurement of new aircraft worldwide along with the modernization of the prevalent aircraft are the prime factors that are contributing to the growth of the global aircraft wire and cable market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Aircraft Wire and Cable Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Wire and Cable Market Segment Insights:
Aircraft wire: The growth engine
Based on the type, the market is segmented as aircraft harness, aircraft wire, and aircraft cable. The aircraft wire segment is estimated to register the highest growth in the coming five years. The growth of this segment is owing to the rise in demand for fly-by-wire and more electric aircraft wherein traditional actuators, hydraulic, and pneumatic systems are replaced by electromechanical systems.
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https://www.stratviewresearch.com/toc/628/aircraft-wire-and-cable-market.html
Dominance of: Lighting and Linefit
Based on the application type, the market is segmented as flight control system, lighting, data transfer, power transfer, avionics, and others. The lighting segment is expected to remain dominant during the forecast period, owing to the growing demand for new aircraft. Thus, the growth in commercial air travel across the globe and the increasing defense expenditure of prominent economies are anticipated to drive the demand for aircraft wires and cables in the coming five years.
Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment is estimated to depict a higher growth against the retrofit segment during the forecast period. The growth of this segment is attributed to the rise in aircraft orders as well as their deliveries, economic development across regions, and an upsurge in air passenger traffic across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft wire and cable market are Ametek Inc., Amphenol Corporation, A.E. Petsche, Carlisle Companies, Leviton Manufacturing Company, Inc., Radiall, Rockwell Collins, TE Connectivity, and W.L. Gore & Associates.
Regional Hegemony of North America & the dominance of Civil Aircraft
In terms of regions, North America was expected to lead the aircraft wire and cable market in 2018, owing to the regional presence of major aircraft manufacturers, such as Boeing (US) and Bombardier (Canada). These companies have huge new aircraft orders, which are estimated to fuel the aircraft wire and cable market during the forecast period. The Asia-Pacific aircraft wire and cable market is estimated to depict the highest growth in the coming five years. The market is driven by the new emerging aircraft manufacturers in Russia, China, Japan, and India. Europe is also expected to offer substantial growth opportunities during the forecast period.
Based on the aircraft type, the market is segmented as civil aircraft and military aircraft. The civil aircraft segment has been portraying substantial growth because of the rising air traffic and an upsurge in the disposable income of the middle-class population globally. The augmented demand for new aircraft is also propelling the growth of the civil aircraft segment during the forecast period.
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