DALLAS, March 14, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global aerospace wiring harness market looks promising with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft. The global aerospace wiring harness market is expected to reach an estimated $847 million by 2024 with a CAGR of 1.9% from 2019 to 2024. The major growth drivers for this market are increasing aircraft deliveries and more electrification in newer aircraft.
Browse 80 market data tables and 99 figures spread through 163 pages and in-depth TOC on “Global Aerospace Wiring Harness Market" at https://www.lucintel.com/aerospace-wiring-harness-market.aspx
In this market, different types of aerospace wiring harness such as XL ETFE, TKT, PTFE, PI and others are used as insulation material. Lucintel forecasts that XL ETFE will remain the largest segment and it is also expected to witness highest growth over the forecast period due to its performance benefits, such as lightweight and heat resistance.
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North America is expected to remain the largest region due to the presence of leading aircraft OEMs. APAC is expected to witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and the development of new aircrafts.
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An emerging trend, which has a direct impact on the dynamics of the aerospace wiring harness industry, includes development of lightweight and high heat resistance wires. Safran, Latecoere, and GKN Aerospace are among the major aerospace wiring harness manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global aerospace wiring harness market by aircraft type, application type, insulation material, market type, by ampacity, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Aerospace Wiring Harness Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace wiring harness market by aircraft type, application type, insulation material, market type, by ampacity, and region as follows:
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