Portland, OR, Sept. 21, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the India cable and wire for aerospace and defense market generated $1.87 billion in 2021, and is projected to reach $2.87 billion by 2031, registering a CAGR of 4.62% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.87 billion |
| Market Size in 2031 | $2.86 billion |
| CAGR | 4.62% |
| No. of Pages in Report | 151 |
| Segments Covered | Type, Voltage, Application, and Region |
| Drivers | Rapid digitalization and electrification of aerospace and defense systems |
| Increase in military expenditure | |
| Opportunities | Development of innovative aircraft solutions |
| Persistent technological advancements in the defense sector | |
| Restrains | High development and maintenance cost of infrastructure |
COVID-19 Scenario:
- The outbreak of COVID-19 had had a negative impact on the growth of the India cable and wire for aerospace and defense market, owing to the strict regulatory mandates imposed by the governments of various countries across the globe.
- Lockdown resulted in the closure of various manufacturing facilities, including those of aerospace and defense.
- Lack of skilled workforce during the pandemic further adversely impacted the growth of the market. These measures were extensively taken by the government to curb the spread of the virus during the pandemic.
- This resulted in the delay and cancellation of various projects. Furthermore, shortage of raw materials due to trade bans further aggravated the impact on the market.
The report offers detailed segmentation of the India cable and wire for aerospace and defense market based on type, voltage, cable, and application. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on type, the cable segment held the largest market share in 2021, holding more than two-thirds of the market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.0% during the forecast period. The report also analyzed the wire segment.
Based on cable, the power cable segment held the largest market share in 2021, holding nearly half of the market, and is expected to maintain its leadership status during the forecast period. The shipboard cable segment, on the other hand, is expected to cite the fastest CAGR of 5.75% during the forecast period.
Based on voltage, the high voltage segment held the dominating market share in 2021, holding nearly two-fifths of the market, and is expected to maintain its leadership status during the forecast period. The extra high voltage segment, on the other hand, is expected to cite the fastest CAGR of 5.7% during the forecast period.
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The key players analyzed in the India cable and wire for aerospace and defense market report include Amphenol Corporation, Apar Industries Ltd, Carlisle Interconnect Technologies, Collins Aerospace, Miracle Electronics Devices Pvt Ltd., Nexans SA. Radiant Cables, Sumitomo Electric Industries, Thermo Cables Limited, TE Connectivity Ltd.
The report analyzes these key players in the India cable and wire for aerospace and defense market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
Key Benefits For Stakeholders:
- This study comprises analytical depiction of the India cable and wire for aerospace and defense market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall India cable and wire for aerospace and defense market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current India cable and wire for aerospace and defense market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
- The report includes the market share of key vendors and India cable and wire for aerospace and defense market trends.
India Cable and Wire for Aerospace and Defense Market Key Segments:
By Type:
- Cable
- Wire
By Voltage:
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
By Application:
- Communication Systems
- Navigation Systems
- Military Ground Equipment
- Power Distribution
- Others
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East and Africa)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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