Aerospace Wires and Cables Market is Forecasted to Reach US$ 1.1 Billion in 2034, Says Stratview Research

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

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Market Statistics:

Market Size in 2024: US$ 0.8 billion

Market Size in 2034: US$ 1.1 billion

Growth (CAGR): 3.4% during 2024-2034

Leading Platform Type: Commercial Aircraft

Leading Application Type: Interior

Leading Material Type: PTFE Tape

Leading Product Type: Hook-Up Wire

Leading Purpose Type: General-Purpose Wires & Cables

Leading Region: North America

Forecast Period: 2024-2034

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 6

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Aerospace Wires and Cables Market:

The global aerospace wires and cables market is segmented based on platform type, application type, material type, product type, purpose type, and region.

Based on platform type – The aerospace wires & cables market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and other platforms. The increasing production rates of various commercial aircraft are the major factor that is expected to drive the segment's growth. Airbus in its GMF 2024-43, forecasts a demand for 33,510 single-aisle and 8,920 wide-body aircraft over the next 20 years (a total of 42,430 new passenger and freighter aircraft). Similar estimation of 43,975 commercial and regional aircraft deliveries by Boeing in the next twenty years (as per Boeing’s 2024-2043 commercial market outlook).

Based on application type - The market is segmented into avionics, interiors, propulsion systems, airframe, and other application types. The interior applications are likely to experience the fastest growth in the market owing to the rising penetration of IFECs. The avionics segment is also expected to record significant growth during the forecast period, as there will be a larger usage of wires & cables, with the transition to digital avionic systems in modern aircraft. High speed, lighter weight, compactness, and durability of wires & cables are the key requirements for avionics applications.

Based on material type – The market is bifurcated into PTFE tape, polyimide tape/PTFE tape, polyimide tape/UV laser markable, and other material types. PTFE tape is expected to remain the dominant material type in the market during the forecast period, as these wires can withstand high power as well as protect cables from fire and heat. PTFE tape also has excellent low dielectric properties, exhibits low loss factors, has unique resistance to high temperatures, chemical reactions, and corrosion, and FST.

Based on product type - The market is bifurcated into hook-up wires, coaxial cables, data bus cables, power cables, and other product types. The hook-up wires segment held the largest share of the market in 2024, owing to its widespread usage in aerospace interiors and avionics. Data bus cables aren’t far behind and have captured the second-largest share in 2024. Data bus cables are widely used in avionics, in-flight entertainment, and communication needs. The latter is also expected to record the fastest long-term growth during the forecast period.

Based on purpose type - The market is segmented into general-purpose wires & cables and special-purpose wires & cables. General-purpose wires & cables dominated the market due to the wide-scale requirements for standard aerospace electrification, onboard and ATC communication, and navigation.

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. This growth outlook is majorly attributed to the following–

·      Robust supply chain with the presence of several stakeholders. Key wires & cables suppliers in the region are TE Connectivity, Judd Wire, Inc., Marmon Group, W.L. Gore, Allied Wire & Cable, Specialty Cable Corporation (SCC), and Harbour Industries.

Concurrently, Asia-Pacific is expected to expand at the highest rate, boosted by rising air travel in the region, increasing defense budgets of key economies, and the opening of assembly plants of Boeing and Airbus. China and India are estimated to be the growth propellers for the region.

Aerospace Wires and Cables Market Drivers:

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

• An expected increase in the production rate of key programs (A220, A320neo family, A350XWB, B737Max, and B787).
• The entry of new aircraft programs (B777x, C919, etc.).
• An expected rise in the aircraft fleet size.
• Increasing investments in electric aircraft.
• Technological advancements in electrical systems and materials.
• Growing demand for lightweight, fuel-efficient aircraft.
• Expansion of global air travel and the need for a larger aircraft fleet.
• Rising focus on safety and compliance with stringent regulatory standards.

Top Companies in the Aerospace Wires and Cables Market:

The aerospace wires & cables market is moderately concentrated, with the presence of some regional and global players. The major players in the aerospace wires & cables market are well-established companies with high-tech capabilities, high-quality products, and high market presence. Stratview Research has identified the following companies as the top market players:

• Amphenol Corporation
• TE Connectivity
• Nexans S.A.
• Judd Wire Inc.
• Prysmian Group

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the 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

Related Reports:

-      Automotive Wires & Cables Market

-      Electric Vehicle Wires & Cables Market

About us –

Stratview Research is a global market research firm that highly specializes in 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 take convincing business decisions.

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