Aircraft Wire and Cable Market expected to grow at a CAGR of 6.7% reaching USD 3.50 Billion during 2023-2032 | Emergen Research

The global aircraft wire & cable market size was USD 1.76 Billion in 2022 and is expected to register a steady revenue CAGR of 6.7% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for manufacturing new commercial aircraft worldwide and upgrading existing aircraft with new wire harnesses is a major factor driving market revenue growth. Aircraft wires and cables are essential components in both commercial and military aircraft. In commercial aircraft, lightweight and flexible wires and cables are utilized for various applications such as flight control systems and lighting. These cables are designed to handle high-frequency data transmission for radio signals and air traffic control during navigation and landing, which are specifically engineered to be fire resistant, ensuring the safety of aircraft.

In addition, data bus cables are employed in the passenger area to support in-flight entertainment systems. The aviation industry has witnessed a significant increase in air passengers in the recent years, primarily driven by affordable airline ticket prices and time-efficient travel. In addition, rising demand for uninterrupted communication and increasing number of additional features, such as sensors and analytical hardware in the aircraft, are other key factors driving revenue growth of the market

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The wires and cables used in aircraft play a significant role in their overall weight, particularly in the electrical power systems. There is a need to replace heavier Copper (Cu) or Aluminum (Al) conductors with lighter alternatives to enhance fuel efficiency and increase the maximum take-off weight. However, a major challenge arises in effectively protecting sensitive electronic equipment from Electromagnetic Interference (EMI) without adding excessive weight to the aircraft or spacecraft. To tackle this issue, there is increasing emphasis on improving EMI shielding components of wires and cables to reduce the weight of aerospace systems. Manufacturers have thus developed alternative materials, such as carbon nanotube fibers and films, metalized polymeric materials, carbon fibers, and fiber optics, as substitutes to address this challenge.

Key Highlights from the Aircraft Wire and Cable Market Report

• The copper alloys computers segment accounted for largest revenue share in the global aircraft wire & cable market in 2022. This is due to increasing use of copper alloy by aerospace industry because of their malleability, conductivity, and corrosion resistance. For aircraft applications, copper alloy is a great material, especially for parts such as generators and data transfer components. These can only be utilized for electrical reasons without endangering or interfering with flight equipment.
• The aircraft harness segment is expected to register steadily fast revenue growth rate in the global aircraft wire & cable market over the forecast period. This is because aircraft wire harnesses are manufactured using computerized machines, eliminating the possibility of defects. The wire harness's easy drop-in installation configuration simplifies the electrical connection system. Products for wire harnesses are fairly priced and accessible, while the wire harness method simplifies intricate cabling and makes troubleshooting simple.
• The avionics segment is expected to account for significantly large revenue share in the global aircraft wire & cable market over the forecast period. This is because wires and data cables play a vital role in modern airframes, enabling various applications such as Ethernet and digital video interface. During every phase of flight, these act as the vital conduits for transferring massive amounts of data and processing signals throughout the aircraft.
• The North America market accounted for largest revenue share in the global aircraft wire & cable market in 2022. This is due to rising demand for electric technology in military and aerospace sectors.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Aircraft Wire and Cable market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are: Carlisle Interconnect Technologies, Huber+Suhner, Amphenol Corporation, Ametek Smp, Harbour Industries, Glenair, Inc., Bergen Cable, Leviton, Molex, and Tyler Madison, Inc.

Aircraft Wire and Cable Market Segmentation

Emergen Research has segmented the global aircraft wire & cable market on the basis of conductor material, component, aircraft type, insulation type, application, and region:

Conductor Material Outlook (Revenue, USD Billion; 2019–2032)

• Aluminum Alloys
• Stainless Steel Alloys
• Copper Alloys
• Others

Component Outlook (Revenue, USD Billion; 2019–2032)

• Aircraft Cable
• Aircraft Harness
• Aircraft Wire

Aircraft Type Outlook (Revenue, USD Billion; 2019–2032)

• Rotary Wing
• Fixed Wing
• Unmanned Aerial Vehicles (UAVs)

Insulation Type Outlook (Revenue, USD Billion; 2019–2032)

• Thermoplastic
• Thermosetting

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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ToC of the report:

Chapter 1: Aircraft Wire and Cable Market overview and scope

Chapter 2: Aircraft Wire and Cable Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Aircraft Wire and Cable Market segmentation based on type applications

Chapter 9: Current and Future Trends

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