Aircraft EWIS Market is Forecasted to Reach US$ 3.3 Billion in 2034, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft EWIS market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 2.3 billion

Market Size in 2034: US$ 3.3 billion

Growth (CAGR): 3.5% during 2024-2034

Cumulative Sales Opportunity 2024 to 2034: US$ 31.47 billion

Leading Platform Type: Commercial Aircraft

Leading Application Type: Avionics

Leading Product Type: Built-to-Print

Leading Purpose Type: General-Purpose EWIS

Leading End-User Type: OE

Leading Region: North America

Forecast Period: 2024-2034

Trend Period: 2019-2023

Base Year: 2024

Number of Segments Covered: 6

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft EWIS Market:

The global aircraft EWIS market is segmented based on platform type, application type, product type, purpose type, end-user type, and region.

Based on platform type –

·        The market of aircraft EWIS is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. 

·        Commercial aircraft is expected to remain the largest and fastest-growing platform of the market during the forecast period. The increasing production rate of various commercial aircraft is the major factor behind the exceptional growth in the commercial aerospace category. According to Boeing’s 2024-2043 commercial market outlook, an estimated 43,975 commercial and regional aircraft will be delivered over the next two decades, ensuring sustained growth in the commercial aerospace industry.

Based on application type –

·        The market is segmented into avionics, interiors, propulsion systems, airframes, and other applications. 

·        Avionics applications are anticipated to remain dominant; however, interior applications are expected to exhibit the fastest growth in the market over the next nine years. Avionics applications dominate the market due to their high wiring complexity, critical role in aircraft operations, and rapid technological advancements. Frequent upgrades and retrofits also contribute to their dominant share.

·        The growing emphasis on improving passenger experiences and the modernization of existing fleets with advanced IFE (In-Flight Entertainment) systems are key drivers contributing to the fastest growth of the interior segment.

Based on purpose type –

·        The market is segmented into general-purpose EWIS and special-purpose EWIS. 

·        General purpose is expected to remain the dominant, whereas special purpose is anticipated to be the faster growing in the market over the next nine years. The general-purpose segment is dominant because it covers a wide range of essential wiring needs across all major aircraft systems, including lighting, power distribution, environmental controls, and basic communication lines.

·        Additionally, general-purpose wiring is used throughout the entire aircraft, contributing to its larger share compared to more specialized or mission-specific wiring applications.

Based on end-user type –

·        The aircraft EWIS market is segmented into OE and aftermarket based on the end-user type. 

·        OE is expected to remain the dominant and faster-growing end-user type over the next nine years. OE is estimated to remain the sole source of demand for EWIS in the foreseeable future.

·        The aftermarket holds a negligible share of the market. EWIS do not need to be replaced because their life span is almost the same as the aircraft’s life.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market over the next nine years, whereas Asia-Pacific is likely to grow at the fastest rate during the same period. This growth outlook is mainly attributed to the following:

-      North America is expected to remain the largest market for EWIS from 2024 to 2034. The USA will continue to drive regional growth, with the presence of major aircraft OEMs, tier suppliers, EWIS providers, and MRO companies.

-      Most of the major players in the EWIS market have their presence in the region to cater to the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs existing aircraft.

Likewise, Asia-Pacific is anticipated to experience the highest growth during 2024 and 2034. The region’s market is majorly driven by the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus in China for multiple programs; increasing production and procurement of military aircraft owing to the rising defense budget and growing territorial disputes among key economies; and the indigenous aircraft program C919. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific market.

Aircraft EWIS Market Drivers:

Some of the key drivers listed in the report are given below.

-      An expected rise in the production rate of key programs (A220, A320neo family, A350XWB, B737Max, and B787).

-      The entry of new programs (B777x, C919, etc.).

-      An expected rise in the aircraft fleet size.

-      Increasing investments in electric aircraft.

-      Increasing use of wires & cables in modern aircraft.

-      Technological advancements in electrical systems and materials.

Competitive Landscape: Top Companies in the Aircraft EWIS Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Safran S.A.

-        Latécoère

-        GKN Aerospace (Part of Melrose PLC)

-        Ducommun Incorporated

-        Amphenol Corporation

-        Glenair.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft EWIS market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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