New York, Dec. 15, 2022 (GLOBE NEWSWIRE) -- According to The Insight Partners, Aircraft Wire and Cable Market Size, Share, Trends and Growth Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cable, Wire, and Harness), Aircraft Type (Commercial and Military), Fit Type (Line Fit and Retrofit), Application (Power Transfer, Data Transfer, Flight Control System, Avionics, and Lighting) and Geography”, the global aircraft wire and cable market demand is influenced by growing development of innovative aircraft solutions and rising MRO activities in developing economies.
Get Sample Pages of Aircraft Wire and Cable Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00006439/
Global Aircraft Wire and Cable Market - Report Scope:
| Market Size Value in | USD 0.716 Billion in 2020 |
| Market Size Value by | USD 1.15 Billion by 2028 |
| Growth rate | CAGR of 6.8% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 132 |
| No. of Tables | 111 |
| No. of Charts & Figures | 86 |
| Historical data available | Yes |
| Segments covered | Type, Aircraft Type, Fit Type, Application |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America |
| Country scope | US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Global Aircraft Wire and Cable Market - Product Initiatives:
2019: Carlisle Companies Incorporated acquired 100% of the shares of Draka Fileca SAS from Prysmian SpA.
2019: W. L. Gore & Associates, Inc. announced the new GORE Fiber Optic Cables, 1.8 mm Simplex with high impact-resistance for extreme defense aircraft environments. This version is proven to exceed new stringent JN1177 and EN4641-301 industry standards for more durability while maintaining high-bandwidth data and video transmission on 10-Gb avionics networks.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00006439/
COVID-19 Impact on Global Aircraft Wire and Cable Market Growth:
The COVID-19 crisis affects the industries worldwide, and the global economy adversely affected in 2020 and likely in 2021. The pandemic has disturbed aircraft wire & cable businesses and suppliers around the globe. Market players experienced disruptions to their operations, and it’s likely to have consequences till mid-2021. Until the outbreak of COVID – 19, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft manufacturers; the global aviation industry witnessed a significant rise in the number of passenger counts, an increase in aircraft procurement (both commercial and military), as well as rise growth in MRO activities.
The global aviation industry is growing at an unprecedented rate, recording substantial number of production volumes of military and commercial aircraft fleet. In the past few years, the commercial aircraft fleet has seen tremendous growth due to the influx of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Commercial aviation industry is predicted to upsurge in the near future due to the rising air travel passengers and aircraft procurement. Air passenger traffic in North America, Europe, and APAC: has been surging with time, which is compelling the demand for commercial aircraft.
Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006439/
The growing defense expenditure across significant economies, such as the US, China, India, Russia, and Saudi Arabia, is expected to drive the aircraft wires and cables market in the coming years. As per the data published in April 2020 by Stockholm International Peace Research Institute (SIPRI), the global military spending surged to USD 1,917 billion in 2019, which represents an increase of 3.6% over that in 2018. Increasing technological developments, growing investments in research and development (R&D) by aircraft original equipment manufacturers (OEMs), and rising demand for air transportation are propelling the growth of the aerospace & defense sector, which is subsequently driving the aircraft wire & cable market growth.
In 2020, orders and deliveries of aircraft experienced a downfall due to global pandemic, which led to halt in the deliveries. Due to the surging production volumes to bridge the gap between demand and supply of aircraft, the OEMs are procuring large volumes of aircraft wires and cables. At present, the demand for wide body and narrow body aircraft fleet is high. However, the inclination toward long-range, narrow body type is increasing as the most of commercial aviation companies are focusing on increasing fleet size along with lowering operational costs. The tremendous rise in the procurement of aircraft wires and cables by aircraft giants such as Boeing and Airbus is a crucial factor driving the market for the same.
Quickly Purchase Premium Copy of Aircraft Wire and Cable Market Growth Report (2021-2028) at: https://www.theinsightpartners.com/buy/TIPRE00006439/
The global aircraft wire and cable market encompasses a substantial number of market players operating in the market resulting in a fragmented global market. However, the market does include a selected number of prominent market players such as TE Connectivity, W.L. Gore and Associates Inc., Nexans SA, Carlisle Interconnect Technologies, Collis Aerospace, A.E. Petsche Company, and Amphenol Aerospace operating in the market with the considerable customer base and strong market positioning.
Browse Related Reports:
Wire and Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cable, Wire, and Push-Pull Controls) and End Use Industry (Aircraft, Transportation, Medical, Marine, and Construction)
Wire and Cable Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Wiring Duct, Conduits and Trunking, Cable Tray and Ladders, Cable Raceway, Boxes and Covers, Glands and Connectors, Others); Cable Type (Communication Wire and Cable, Power Cable); Material (Metallic, Non-Metallic); End User (Residential, Commercial, Industrial) and Geography
Electrical Wiring Interconnection System (EWIS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Wire and Cables, Connectors and Accessories, Electrical Splices, Protection Materials, Others); Application (Avionics, Interiors , Propulsion Systems, Airframe , Others); Aircraft Type (Commercial Aircraft , Military Aircraft , Business and General Aircraft) and Geography
Aerospace Fiber Optic Cables Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Mode (Single Mode and Multi-mode); Application (Radar System, Flight Management System, Cabin Management System, In-flight Entertainment System, Electronic Warfare, Avionics, Others); Fit Type (Line Fit and Retrofit); End User (Commercial and Military)
EWIS Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Aviation Type (Military Aviation, Commercial Aviation, and General Aviation); Application (Avionics, Interiors, Airframe, and Propulsion); Sales Channel (OEMs and Aftermarket)
Submarine Fiber Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Single Deck Armour, Double Deck Armour, Others); Application (Shallow Sea, Deep Sea) and Geography
Military Fiber Optic Cables Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Mode (Single-Mode, Multimode-Mode); Application (Radar Systems, Flight Management Systems, Cabin Management Systems, In-flight Entertainment Systems, Electronic Warfare, Others); End Use (Commercial, Military, Space) and Geography
Mechanical Control Cables Market for Military and Aerospace Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Push-Pull, Pull-Pull); Application (Air, Land, Naval); End-Use (Commercial, Defense) and Geography
Aerospace and Military Fiber Optic Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Cables and Connectors), Application (Radar Systems, Flight Management Systems, In-flight Entertainment Systems, Communication Systems, Electronic Warfare, Cabin Interiors, and Avionics), and End-User (Commercial and Military)
Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Fit Type (Line Fit, Retroifit); Application (Turbofan Engine, Turboprop Engine, Turbojet Engine); Aircraft type (Fixed Wing Aircraft, Rotary Wing Aircraft, UAV); End User (Commercial, Military) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/aircraft-wire-and-cable-market
