#Aircraft Wire and Cable Market Share

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Market Opportunities in Electric Aircraft and Glass Cockpits

The global market for Aircraft Wire and Cable is a crucial component of the aerospace industry, providing essential wiring and cabling for various aircraft systems. These components are integral to the operation, safety, and performance of modern aircraft. The Aircraft Wire and Cable Market is currently valued at USD 1.5 Billion in 2021 and is projected to reach USD 1.9 Billion by 2026, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. This growth is driven by several factors, including the digitalization and electrification of aircraft systems, increased aircraft renewals and deliveries, and ongoing technological advancements.

Market Size and Growth

Market Statistics

As of 2021, the Aircraft Wire and Cable market is valued at USD 1.5 billion. By 2026, it is expected to reach USD 1.9 billion, growing at a CAGR of 5.7%. This growth trajectory highlights the increasing demand for advanced wiring and cabling solutions in the aerospace industry, driven by technological innovations and the expansion of the global aircraft fleet.

Market Trends

Several key trends are shaping the Aircraft Wire and Cable market:

Digitalization and Electrification: The digitalization of aircraft systems improves operational efficiency and enhances pilot functions. Electrification of aircraft reduces fuel consumption and operating costs, driving demand for advanced wire and cable solutions.

Increase in Aircraft Renewals and Deliveries: The aerospace industry is experiencing a surge in aircraft renewals and new aircraft deliveries, necessitating updated and more efficient wiring and cabling systems.

Technological Developments: Advances in materials and technology are leading to the development of lighter, more durable, and more efficient wires and cables.

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Industry Drivers

Digitalization and Electrification of Aircraft Systems

Digitalization enhances operational efficiency and simplifies pilot functions through a range of intuitive airline software and services. This trend improves overall flight operations, making the cockpit's work operations entirely computerized. Electrification, on the other hand, offers more efficient, quieter, and sustainable flights, reducing fuel consumption and operating costs. For instance, in October 2020, W.L. Gore & Associates released the GWN3000 Series of high-performance aerospace wires capable of delivering power that could replace systems reliant on combustion, hydraulics, and pneumatics.

Increase in Aircraft Renewals and Deliveries

The increase in the global fleet of aircraft, driven by both renewals of older models and the introduction of new aircraft, is a significant driver for the Aircraft Wire and Cable market. This demand is particularly evident in commercial aviation, where airlines are investing in more fuel-efficient and technologically advanced aircraft to reduce operational costs and improve performance.

Market Opportunities

Demand for Electric Aircraft and Glass Cockpits

The shift towards electric aircraft and glass cockpits presents significant opportunities for the Aircraft Wire and Cable market. Electric technology reduces fuel consumption and provides a reliable power source for aircraft, while glass cockpits enhance flight safety and efficiency. Companies like Airbus are developing hybrid-electric propulsion systems, and Collins Aerospace is modernizing the Indonesian Air Force's C-130H aircraft with digital cockpits, demonstrating the market's potential.

Market Challenges

Additional Weight of Insulation and Shielding

One of the main challenges in the Aircraft Wire and Cable market is the additional weight of insulation and shielding required for wires and cables. These components are essential for protecting sensitive electronic equipment from electromagnetic interference but add significant weight to aircraft. Manufacturers are developing substitutes like carbon nanotube fibers, metalized polymeric fibers, and fiber optics to address this issue.

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Market Segmentation

By Component

Wires and Cables: These constitute the largest weight portion of aircraft electrical power systems.

Connectors: Essential for joining wires and cables, ensuring secure and efficient connections.

Harnesses: Assemblies of electrical cables or wires that transmit signals or electrical power throughout an aircraft.

By Application

Avionics: Projected to grow at the highest CAGR, driven by the shift to digital avionics systems.

Engine: Requires durable and high-performance wires and cables.

Airframe: Involves wiring for structural components.

Power Distribution: Includes cabling for electrical power systems.

By Aircraft Type

Commercial Aircraft: Represents the largest segment due to the high volume of aircraft in commercial fleets.

Military Aircraft: Includes specialized wiring and cables for defense applications.

UAVs: Expected to witness the highest CAGR due to the increasing use of drones for surveillance and reconnaissance.

By Region

North America: Expected to hold the highest market share due to the presence of major manufacturers and aircraft companies.

Europe: Significant growth driven by advancements in aerospace technology and increased aircraft production.

Asia Pacific: Rapidly growing market due to the expansion of the aviation industry in countries like China and India.

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Competitive Landscape

The Aircraft Wire and Cable Companies is dominated by several key players, including:

Amphenol Corporation (US): Known for its high-performance connectors and interconnect systems.

Carlisle Interconnect Technologies (US): Specializes in aerospace wiring and cabling solutions.

Collins Aerospace (US): Provides advanced avionics and aerospace systems.

TE Connectivity (Switzerland): Offers a wide range of electrical and electronic connectivity solutions.

Nexans SA (France): Supplies specialized aerospace cables and wires.

Recent Developments

Nexans and Airbus Partnership: In January 2021, Nexans signed a contract with Airbus to supply specialized aerospace cables and wires for civilian and military aircraft.

GKN Aerospace and Eviation Agreement: In May 2020, GKN Aerospace and Eviation signed an agreement to design and manufacture wings, empennage, and wiring systems for the Alice All-Electric Aircraft.

The global Aircraft Wire and Cable market is poised for significant growth, driven by the digitalization and electrification of aircraft systems, increased aircraft renewals and deliveries, and ongoing technological advancements. Despite challenges such as the additional weight of insulation and shielding, the market offers numerous opportunities, particularly in the areas of electric aircraft and glass cockpits. With major players investing in innovative solutions and strategic partnerships, the future of the Aircraft Wire and Cable industry looks promising.

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The Drone Package Delivery Market is projected to grow from USD 228 million in 2022 to USD 5,556 million by 2030, at a CAGR of 49.0% from 2022 to 2030.

Technological advancements like VTOL, geospatial mapping, IoT, and machine learning result in higher accuracy in package delivery are some of the factors fueling the growth of the Drone Package Delivery Industry. AI is the next focus of the drone industry. This new technology is expected to enable drones to perform all tasks, right from their launch and navigation to data acquisition, data transmission, and data analysis. In addition,advancements in technology of drone will help in carrying out drone package delivery operations autonomously and safely, thereby contributing to their increased adoption in the drone delivery ecosystem.

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Aircraft Cables Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The aircraft cables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Aircraft Cables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The aircraft cables market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to aircraft production and fleet expansion, technological advancements, regulatory compliance, regulatory compliance, aging aircraft, maintenance and repairs.

The aircraft cables market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to aircraft modernization, electrification of aircraft, lightweight and advanced materials, connectivity and data transmission, sustainable aviation. Major trends in the forecast period include lightweight materials, high-performance materials, fiber optic cables, safety and reliability, wireless communication integration, shielding and emi/rfi protection.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing demand for the production of new aircraft across the world promotes the growth of the aircraft cable market. Aircraft cables are used to establish an aircraft’s electrical system and to transmit signals into electrical power in commercial aircraft, military aircraft, civil helicopters, and military helicopters. Thus, the increase in demand for aircraft holds a positive effect on the demand for the production of aircraft wires. For instance, in March 2021, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, the total number of travelers in 2021 was 47% higher as compared to previous years and is anticipated to rise to 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. According to the forecast by Airbus in 2022, demand for passenger traffic is estimated to grow at 3.6% over the next 20 years, following demand for 39.490 new passenger and freighter aircraft over the period. The increased production of new aircraft will result in an increased demand for aircraft cables market.

 The aircraft cables market covered in this report is segmented –

1) By Type: Stainless Steel Material, Galvanized Steel Material 2) By Aircraft Type: Military Aircraft, Civil Aircraft 3) By Sales Channel: Aftermarket, Original Equipment Manufacturer (OEM) 4) By Application: General Aviation, Airliner, Business Aircraft, Other Applications

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Regional Insights - North America was the largest region in the aircraft cables market in 2023. The regions covered in the aircraft cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies - Major companies operating in the aircraft cables market include TE Connectivity, Amphenol Corporation, AMETEK Inc., Loos and Co. Inc., Radiall SA, Pic Wire and Cable, W.L. Gore and Associates Inc., A.E.Petsche, Arrow Electronics Inc., Collins Aerospace, Harbour Industries LLC, Leviton Manufacturing Co. Inc., Specialty Wire and Cord Sets Inc., Interconnect Cable Technologies Corp., Aerospace Wire and Cable Inc., Lexco Cable Manufacturing, WireMasters Inc., Carl Stahl Sava Industries Inc., Glenair Inc.,  PPG Industries Inc., Crane Aerospace & Electronics, AeroControlex Group Inc., Aero-Electric Connector Inc., Amphenol Corporation, B/E Aerospace Inc., Carlisle Companies Inc., Dassault Aviation SA, Ducommun Incorporated, Esterline Technologies Corporation, GKN Aerospace, Honeywell International Inc., ITT Inc., L3Harris Technologies Inc., Meggitt plc, Moog Inc., Parker Hannifin Corporation, RTX Corporation, Safran SA, Senior plc, Spirit AeroSystems Holdings Inc., Triumph Group Inc.

Table of Contents 1. Executive Summary 2. Aircraft Cables Market Report Structure 3. Aircraft Cables Market Trends And Strategies 4. Aircraft Cables Market – Macro Economic Scenario 5. Aircraft Cables Market Size And Growth ….. 27. Aircraft Cables Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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e-beam Crosslinked Cables Market Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

The e-beam Crosslinked Cables market stands at the forefront of technological advancements, catalyzing transformative changes in various industries. These cables, characterized by their crosslinked structure formed through electron beam irradiation, represent a paradigm shift in the landscape of cable technology. In essence, the market for Global e-beam Crosslinked Cables is a dynamic arena where innovation and functionality converge to redefine the capabilities of cable systems across diverse applications.

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Who are the largest manufacturers of the e-beam Crosslinked Cables Market

worldwide?

Prysmian S.p.A.

Nexans A.S.

Furukawa Electric

Leoni AG

HUBER+SUHNER AG

Allied Wire and Cable

Southwire Company, LLC.

UKB Electronics Pvt. Ltd.

APAR Industries Limited

SACO AEI Polymers

Siechem Technologies Pvt. Ltd.

TE Connectivity Ltd

Tempsens Instrument Pvt. Ltd.

Anand Cables

Thermo Cables Ltd.

The Global e-beam Crosslinked Cables market addresses the pressing need for enhanced performance and reliability in electrical and communication systems. The electron beam crosslinking process imparts unique attributes to the cables, endowing them with superior thermal, mechanical, and electrical properties. This innovation finds resonance in sectors such as telecommunications, automotive, aerospace, and industrial applications, where stringent performs.ance requirements dictate the choice of materials and technologie

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One of the key drivers propelling the Global e-beam Crosslinked Cables market is the imperative for increased data transmission speeds and efficiency. As the demand for high-speed data communication continues to surge, traditional cable solutions face limitations that impede seamless connectivity. In response to this challenge, e-beam crosslinked cables emerge as a solution that not only meets but exceeds performance expectations, positioning them as a cornerstone in the architecture of modern communication networks.

Moreover, the automotive industry stands as a noteworthy beneficiary of e-beam crosslinked cables, leveraging their resilience to extreme temperatures and harsh environments. As vehicles evolve into sophisticated, interconnected systems, the need for robust cabling solutions becomes paramount. The Global e-beam Crosslinked Cables market, with its capacity to endure challenging conditions, plays a pivotal role in ensuring the reliability and longevity of automotive electronic systems.

In the aerospace sector, where weight and space considerations are critical, e-beam crosslinked cables offer a compelling advantage. Their lightweight yet durable construction aligns with the demands of aerospace applications, contributing to the efficiency and safety of aircraft systems. This underscores the versatility of e-beam crosslinked cables as an indispensable component in the intricate tapestry of modern technological advancements.

The Global e-beam Crosslinked Cables market emerges not only as a technological innovation but as an enabler of progress across multiple industries. Its impact on communication, automotive, and aerospace sectors signifies a transformative force that resonates with the evolving needs of a technologically advancing world. As the demand for higher performance and reliability continues to shape the landscape of various industries, the Global e-beam Crosslinked Cables market stands tall as a testament to the power of innovation in redefining the possibilities of connectivity and electrical systems.

Global e-beam Crosslinked Cables market is estimated to reach $3,129.1 Million by 2030; growing at a CAGR of 8.3% from 2023 to 2030.

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Aircraft Sensor 

The estimated value of the global aircraft sensor market stood at US$ 4.3 billion in 2019 and is poised to witness a steady growth with a projected CAGR of 3.7% during the forecast period. This growth is primarily attributed to advancements in the semiconductor industry and the declining costs of sensors and associated devices.

As of now, wired-based aircraft sensors continue to dominate the global market, securing over 90% revenue share in 2019. However, there is a notable expectation of significant growth in the wireless segment in the near future. The increasing adoption of wireless sensors is driven by the desire to reduce the overall weight of aircraft and maximize payload space by eliminating physical cables.

In a significant development, the Armstrong Flight Research Center announced the development of wireless sensors based on a gateway utilizing software-defined radio (SDR) to manage information flow among various wireless devices and a vehicle's avionics.

Regional Analysis:

North America: Currently leading the global aircraft sensor market with over 25% revenue share in 2019, North America is driven by consistent investments in military aircraft.

Europe: Following North America, Europe holds over 20% revenue share in 2019. This is fueled by ongoing investments and developments in military aviation.

Asia Pacific: Anticipated to experience substantial growth during the forecast period, Asia Pacific is driven by the increasing air passenger and cargo traffic, representing over 30% of passenger traffic and over 35% of cargo traffic globally. Notably, China and India are the leading countries in terms of both passenger and cargo traffic.

Top Aircraft Sensors Manufacturers:

Honeywell International, Inc.: A key player in the industry, Honeywell focuses on continuous innovation and expansion. In August 2017, the company launched a new series of self-diagnosing sensors for aircraft.

UTC Aerospace Systems: Renowned for its expertise in aerospace technologies, UTC Aerospace Systems remains at the forefront of the global market.

TE Connectivity Ltd.: With a strong presence in the market, TE Connectivity is recognized for its commitment to introducing new products and enhancing connectivity solutions.

Ametek, Inc.: As a prominent player, Ametek contributes to the industry through its diverse product offerings and commitment to technological advancements.

General Electric Company: A leading conglomerate, General Electric plays a vital role in the aircraft sensor market, offering a broad range of solutions.

Meggitt PLC: A key player in aerospace, defense, and energy markets, Meggitt PLC contributes to the industry with its innovative sensor technologies.

Safran S.A.: Renowned for its aerospace and defense solutions, Safran S.A. continues to be a major player in the global market.

Woodward Inc.: A global leader in aerospace control systems, Woodward Inc. is recognized for its contributions to the industry.

Thales Group: A prominent multinational company, Thales Group is known for its expertise in aerospace, defense, and security solutions.

Zodiac Aerospace: Acquired by Safran Group, Zodiac Aerospace remains a significant player in the market, offering a variety of aerospace technologies.

Research Scope:

By Aircraft Type:

Commercial

Military

By Platform Type:

Rotary Aircraft

Fixed-wing Aircraft

UAV

By Sensor Type:

Temperature

Pressure

Position

Flow

Speed and Torque

Radar

Accelerometers

Proximity

Other

By Connectivity:

Wired

Wireless

By Application:

Engine

Airframe

Flight Deck & Control System

Fluid Conveyance

Landing Gear

Environment Control System

Interior

Others

The global aircraft sensor market, characterized by continuous innovation and expanding applications, presents diverse opportunities for manufacturers. As the industry witnesses technological advancements, the top players continue to enhance their product offerings, contributing to the overall growth of the market

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Mono Ethylene Glycol Market Size, Share | Industry Analysis, Growth and Forecast, 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Mono Ethylene Glycol (MEG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030” The global Mono Ethylene Glycol (MEG) market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 3.2% during the forecast period until 2030. The rising demand from Polyester Fibre and Yarn, PET Resin, and Polyester Film end-use industries, is expected to augment expansion of the Mono Ethylene Glycol (MEG) market in the forecast period.

MEG is a slightly viscous, colorless, odorless organic compound with a sweet taste. It is also known as 1,2-ethanediol and is soluble with most of the organic compounds, alcohols and water.  It is mainly produced by Ethylene via Ethylene Oxide hydrolysis along with the release of two co-products, Diethylene Glycol (DEG) and Triethylene Glycol (TEG). The feedstocks used for the production of MEG are natural gas, coal, naphtha and bioethanol. MEG has various niche application such as resins, deicing fluids, heat transfer fluids, automobile antifreeze and coolants, water-based adhesives, latex paints, and asphalt emulsions, electrolytic capacitors, textile fibres, pulp, and leather.

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The main driver of Mono Ethylene Glycol (MEG) is it is being used to synthesize Polyester fibers. Polyester is strong, resistant to chemicals, and water-resistant in nature and finds application to manufacture apparels, upholstery, furniture cushions, etc. Home Furnishings (cushions, quilts, carpets, pillows, sleeping bags etc.), Automotive (Airbags, Headliners, seat belts, Tire cords) is likely to boost its demand over the forecast period. In these polyester synthesis processes, MEG is used as a chemical intermediate, mostly to produce Polyethylene Terephthalate (PET).  The most significant factors driving the Polyethylene Terephthalate demand are rising demand from the food and beverage packaging sector, such as in carbonated soft drink packaging, rising demand for packaged food due to rising frozen and processed food consumption, rising demand for electronics and automotive applications/industries. Moreover, its use as an antifreeze agent or deicer is mostly applicable in Aircrafts and is also expected to boost the demand of Mono Ethylene Glycol. Other application of Mono ethylene Glycol is Polyester film that is extensively used in manufacturing wires, cable overwrap, membrane touch switches, transformers, face shields, flexible printed circuit boards and printed labels. Moreover, Polyester film also finds applications in Solvent based coating and printing as well as for insulation in motors (both in ground and Phase). All these industrial applications of Polyester films are anticipated to propel the market for MEG in the upcoming years.

Other application of Mono ethylene Glycol is Polyester film that is extensively used in manufacturing wires, cable overwrap, membrane touch switches, transformers, face shields, flexible printed circuit boards and printed labels. Moreover, Polyester film also finds applications in Solvent based coating and printing as well as for insulation in motors (both in ground and Phase). All these industrial applications of Polyester films are anticipated to propel the market for MEG in the upcoming years.

The global Mono Ethylene Glycol (MEG) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Mono Ethylene Glycol (MEG) market is segmented into Polyester Fibre and Yarn, PET Resin, Polyester Film, and Others. Among these, Polyester Fibre and Yarn industry is dominating the Mono Ethylene Glycol (MEG) market and held roughly 58% of the market in 2022. Due to its capacity to lower the freezing temperature of water, mono ethylene glycol is primarily used in the antifreeze industry as a component in the production of antifreeze, coolants, aircraft anti-icers, and deicers. Furthermore, mono ethylene glycol is used in the production of alkyd resins, which are utilised in paints, enamels, and varnishes to produce a film. To prevent the formation of clathrates, MEG is also employed here as a desiccant in petrol pipelines.

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Regionally, the Asia Pacific region is dominating the Mono Ethylene Glycol (MEG) market followed by Europe. This region held a market share of approximately 45% in 2022.  Because of the strong demand of MEG from developing countries like China and India along with flourishing textile and rubber industry, the Asia Pacific region will most likely continue to dominate the global market. China is the biggest consumer and producer of MEG with majority of the chemical utilized for producing Polyester Fiber.

“Global Mono Ethylene Glycol (MEG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030” Major players in the production of Global Mono Ethylene Glycol (MEG) are SABIC, ExxonMobil Corporation, Mitsubishi Chemical, Formosa, Chemtex Speciality Limited, The Dow Chemicals, LyondellBasell Industries, Royal Dutch Shell, AkzoNobel, MEGlobal, Reliance Industries, Lotte Chemical Corporation, Nan Ya Plastics Corporation, China Petroleum and Chemical Corporation, India Glycols and Sinopec Zhenhai Refining & Chemical Co.

“Mono Ethylene is identified as a versatile industrial chemical having wide range applications in various sectors owing to its properties such as high durability, hydrophobic nature and extreme tenacity. Additionally, increasing demand of Polyethylene Terephthalate (PET) as it is a lightweight biodegradable thermoplastic polymer resin and extensively used for packaging purposes, making food containers and bottles is likely to propel MEG market in forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

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Aircraft Electrical System Market Demand & Future Growth Analysis by 2027

The global aircraft electrical system market size is projected to reach USD 27.29 billion by 2027, exhibiting a CAGR of 5.83% during the forecast period. Expanding defense budgets of leading economies of the world will generate unprecedented opportunities for market players, highlights Fortune Business Insights™ in its report, titled “Aircraft Electrical System Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027”. 

Information Source:

With threats to national security becoming more intense, several countries have been increasing their spending on the armed forces over the past decade. The Stockholm International Peace Research Institute (SIPRI), in its latest report, revealed that the global military expenditure reached USD 1,917 billion in 2019. Responsible for 62% of the total expenditure, the US, China, India, Russia, and Saudi Arabia emerged as the biggest spenders, as per SIPRI data. Improved spending on defense technologies is allowing countries to bolster their military, navy, and air arsenal. Aircraft electrical systems represent a significant leap for a country’s air force as these systems enable more efficient management of any kind of aircraft and also equip the pilot with advanced solutions to tackle any threat.

As per the report, the value of the global market was estimated to be USD 19.95 billion in 2019. The report also offers the following:

Granular analysis of the factors driving the growth of the market;

Piecemeal diagnosis of the different market segments;

Unmatched study of the regional prospects and competitive milieu of the market; and

Exhaustive assessment of the various challenges facing the market.

Regional Insights

Robust Domestic Airline Network to Fuel the North America Market

North America, with a size of USD 8.41 billion in 2019, is expected to dominate the aircraft electrical system market share during the forecast period. The principal factor propelling the regional market is the existence of a strong and reliable domestic airline network across the US and Canada. In addition, high defense spending by the US government and quick adoption of modern aircraft technologies by the US and Canadian Air Forces will also accelerate the regional market growth.

In Europe, increasing adoption of next-generation power management systems for commercial aircraft by the UK and growing preference for lightweight airplanes in the region are anticipated to boost the market. On the other hand, the market in Asia Pacific will be driven by the escalating demand for air travel in India and China and the rapid expansion of the commercial airline industry in China.

Competitive Landscape

Introduction of Advanced Aircraft Electrical Solutions to Intensify Market Competition

A prominent feature of the market for aircraft electrical systems is the development and introduction of advanced, sophisticated solutions by key players. Through this strategy, companies are strengthening their portfolios and augmenting the prospects of the aviation industry.

Industry Developments:

November 2020: Carlisle Interconnect Technologies announced that it will be extending interconnect solutions for a vast array of next-gen air mobility applications. The company is known for its product lineup that ranges from specialty and filtered connections and integrated systems to advanced avionics and high-performance wire and cable.

August 2020: BAE Systems announced that it will be developing a series of power sources for small electric aircraft. The new power sources will replace the conventional aircraft engines and connect flight controls with energy and power management systems.

List of Key Companies Profiled in the Aircraft Electrical System Market Report:

United Technologies Corporation (The U.S.)

Safran (France)

Pioneer Magnetics (The U.S.)

Nabtesco Corporation (Japan)

Honeywell International Inc. (The U.S.)

GE Aviation (The U.S.)

Eaglepicher Technologies, LLC (The U.S.)

Carlisle Interconnect Technologies (The U.S.)

Avionic Instruments, LLC (The U.S.)

Amphenol Corporation (The U.S.)

Thales Group (France)

Radiant Power Corporation (The U.S.)

PBS Aerospace (The U.S.)

Meggitt (The U.K.)

Hartzell Engine Technologies (The U.S.)

Esterline Technologies (TRANSDIGM GROUP) (The U.S.)

Crane Aerospace & Electronics (The U.S.)

BAE Systems (The U.K.)

Astronics Corporation (The U.S.)

Ametek (The U.S.)

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Global Aircraft wire and cable Market Research Report And Forecast: Ken Research Buy Now The report covers the analysis and forecast of the global Aircraft wire and cable market…

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Wire and Cable Market 2021 | Emerging trends & global industry forecast to 2028

The global wire and cable market includes companies operating in a wide range of product portfolio. Each category has some well-established key players and owing to different markets in which they operate and compete it is not feasible to determine key five players in the overall wire and cable market. However, based on parameters such as overall revenue, brand image, current wire and cable product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.

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According to our latest wire and cable market study on “Wire and cable market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End Use industry,” The market is expected to grow from US$ 153,334.35 million in 2022 to US$ 224,402.27 million by 2028; it is expected to grow at a CAGR of 6.6 % from 2022 to 2028.

The global wire and cable market is fragmented with a large number of players catering to domestic and international demand. The top five key players operating in the global wire and cable market include Sumitomo Electric Industries Ltd, Leoni AG, Furukawa Electric Industries Ltd, Prysmian Group, and Hitachi. Apart from these players there are others such as ASK Automotive Pvt. Ltd; R KABEL; Bergen Cable Technology; Elliott Manufacturing; Carl Stahl Sava Industries, Inc.; Lexco Cable; Cablecraft; Top Cable; Guangdong Jinlianyu Cable Industrial Co., Ltd; and Henan Sanheng Industrial Co., Ltd operating in the global wire and cable market. Key participants in the wire and cable market are adopting several growth strategies such as product launches, expansions, agreements, joint ventures, investments in futuristic technologies, partnerships, and acquisitions which is anticipated to propel the global wire and cable sales. Furthermore, high and fast-growing number of start-ups in this market are anticipated to drive the growth of the market over the forecast period of 2022 to 2028.

Key Findings of Study

Based on region, the wire and cable market is segmented into five regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Further, Asia Pacific dominated the overall wire and cable market in 2021. North America contributed the second-largest share of the and cable market in 2021, followed by Europe. The global wire and cable market is segmented into type, end use industry, and geography. Based on type, the wire and cable market is segmented into cable, wire, and push-pull controls. Further, the cable segment is bifurcated into safety cable and control cable. The wire segment is expected to dominate the wire and cable market during the forecast period. Based on end use industry, the wire and cable market is segmented into aircraft, transportation, medical, marine, and construction. The transportation segment is expected to dominate the wire and cable market during the forecast period.

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[latestglobalmarketresearch]

Lucrative Business Opportunities In Military Cables Market Over The Forecast Period

The global military cables market is estimated to be USD 22.1 billion in 2021 and is projected to reach USD 26.2 billion by 2026, at a CAGR of 3.4% during the forecast period. The growth of this market is mainly driven by the modernization program and increasing procurement of military fleets due to growing transnational disputes to offer several untapped opportunities.

The military cables market includes major players Prysmian Group (Italy), Nexans S.A. (France), Sumitomo Electric Industries Ltd (Japan), Collins Aerospace (US), and Carlisle Interconnect Technologies (US). These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well.

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The marine platform segment is projected to witness the highest CAGR during the forecast period.

The marine platform segment is estimated to lead the market during the forecast period, with a share of 92.6% in 2021. The segment is projected to grow with the highest CAGR of 3.5% in the forecast period. Marine platforms where military cables are installed include destroyers, frigates, corvettes, amphibious ships, patrol vessels, submarines, and aircraft carriers.

The military ground equipment segment is projected to witness the highest CAGR during the forecast period.

Based on application, the military ground equipment segment is projected to be the highest CAGR rate for the military cables market during the forecast period. Increasing number of military ground equipment to gain tactical advantage will drive the segment in coming years.

The copper alloys segment is projected to witness the highest CAGR during the forecast period.

Based on the conductor material, the copper alloys segment is projected to grow at the highest CAGR rate for the military cables market during the forecast period. Copper wires have excellent electrical properties which make them perfect for use in the aerospace and defense industry.

The aftermarket segment is projected to witness the highest CAGR during the forecast period.

Based on the end user, the aftermarket segment is projected to grow at the highest CAGR rate for the military cables market during the forecast period. Replacement of existing cables and upgradation will drive the segment.

The Europe market is projected to witness the highest CAGR from 2021 to 2026

The majority of the Europe military cables market is accounted for by military cables on ground platform. The large share of military cables market in Europe is due to increasing procurement of military fleet and weapon systems.

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Aerospace Plastics Market Insight, Outlook, 2022-2028

A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the Global Aerospace Plastics market was worth USD 819.3 million in 2021 and is projected to reach USD 1,150.4 million by the year 2028, exhibiting a CAGR of 5.3% over 2022-2028. The expansion in the aerospace plastics market is primarily attributed to the growing demand for lightweight aircraft deployed to increase aircraft performance and efficiency, which is likely to drive the demand for high-performance plastics in the coming years. Moreover, the growth in the disposable income of middle-class households and the increase in the number of low-cost carriers are consequently expected to drive the demand for aerospace plastics.

Higher Demand for Attractive Cabin Designs Due to Rise in Air Travels Driving Market Growth

The rise in demand for attractive cabin designs increases aerospace plastics' market value. Aerospace plastic is widely used in interior aircraft parts such as panels, luggage compartments, seats, and trays. This is primarily as unlike other traditional aircraft materials such as rubber and aluminium, it is easier to mould into a correct shape while also being lightweight. Engineers are using aerospace plastics to create novel aircraft layouts that are more ergonomic and visually appealing at the same time. Aerospace plastics are used in the aviation sector for a variety of reasons, including improved fuel efficiency, protection (such as plastic wrap insulation to insulate wiring and cable in the aircraft cabin), and more. According to AAA Tidewater reports, 27.7 million more people are traveling and will bring this year's numbers to 92% of 2019 levels. Airlines will see a 184% increase from last year. These factors significantly propel the growth rate of the global aerospace plastics market.

Higher Investment in the Aerospace Plastics Sector Fuelling the Aerospace Plastics Market Growth Rate

Growing investments in the aerospace sector across different economies as they plan to accommodate increasing business travel and expanding tourism activities would propel the demand for aerospace plastics in the future. In fact, as per the National Investment Promotion & Facilitation Agency of India, the overall freight traffic volume across all Indian airports is projected to surpass the 11.4 MT mark by the end of 2032. Likewise, the demand for aircraft in the nation is estimated to reach the 1,750 mark by the end of 2037, which should further create several business growth opportunities for the industry, thus expanding the already growing market growth rate of the global aerospace plastics market.        

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Impact of COVID-19 on the Global Aerospace Plastics Market

The worldwide lockdown has resulted in an economic slowdown that has significantly affected the aviation industry as the demand for air travel has dropped. However, looking at the long-term growth prospects, the industry will likely observe exponential growth due to the rising number of air passengers and the rapidly expanding global trade. In fact, according to the 2019 estimates from the European aircraft manufacturer Airbus, urbanization and economic stability are likely to increase the middle class of air passengers, which would grow by 50%, to about 6 billion by 2038. Additionally, the present number of working commercial aircraft is also projected to grow two-fold, to 48,000, over the next two decades, spelling out immense growth opportunities for the market in the long term.

North America Accounted for Largest Market Share in Global Aerospace Plastics Market

In terms of regional analysis, the global aerospace plastics market is classified into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa. Amidst the segmentation, North America is the leading market for aerospace plastics; notably, the demand is higher in North America, as key aircraft manufacturers like Boeing and Bombardier are based in the region. Some of the leading companies operating in the aerospace plastics market are SABIC, Victrex plc, Drake Plastics Ltd, Solvay, BASF SE, Evonik Industries AG, Vantage Plane Plastics, Quadrant Engineering Plastics, among others.

Competitive Landscape

The aerospace plastics market is highly competitive, with all the players continually competing to gain a larger market share. The global aerospace plastics market is characterized by the presence of many local, regional, and global vendors. The key players operating in the global aerospace plastics market are Tech-Tool Plastics Inc., HITCO Carbon Composites, Inc., Premium Aerotec, Toray Carbon Fibers America Inc., Mitsubishi Heavy Industries Limited, Toho Tenax Company Limited, Ensinger GmbH, Hexcel Corporation, SGL Carbon SE., Saudi Basic Industries Corporation, Hyosung Corporation, Kaman Corporation, and other prominent players.

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