Aircraft Wire and Cable Market Growing Rapidly with Share, Types, Applications of Manufacturers Forecast to 2027
Global Aircraft Wire and Cable Market is expected to grow from US$ 738.1 Mn in 2018 to US$ 1,412.8 Mn by the year 2027. This represents a CAGR of 7.6% from the year 2019 to 2027.
North America led the aircraft wire & cable market, and it is foreseen to be the highest revenue generator during the forecast period. Aircraft manufacturing is a sophisticated turnkey project requiring advanced technical, engineering, and professional experiences along with a considerable volume of resources and time for its efficient execution. Moreover, the high cost of the asset coupled with the total cost of ownership along with periodic maintenance further add to the complexity associated in the production of aircraft.
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Companies Mentioned in Global Aircraft Wire and Cable Market
- A.E. Petsche Company
- Ametek, Inc.
- Amphenol Aerospace
- Carlisle Interconnect Technologies
- Collins Aerospace
- PIC Wire & Cable
- Radiall
- Nexans
- TE Connectivity
- W.L. Gore and Associates, Inc.
As a result, the aviation industry has witnessed an unprecedented volume of order backlogs for the past decades and continue to face a considerable number of aircraft order backlog currently as well. However, the recent advancement in technological and production capabilities, especially in improving the overall manufacturing efficiencies has significantly enhanced the rate of aircraft deliveries. Despite the significant number of existing aircraft order backlogs, the industry has witnessed an improved rate of annual aircraft delivery as both the leading aircraft manufacturers reported a record number of aircraft deliveries in 2017. For instance, according to the data available at Center for Asia-Pacific Aviation (CAPA), the commercial industry witnessed a record 1,740 number of aircraft deliveries 2017 which was an increase of 1.5% from the previous year. In addition to this, the year was the seventh consecutive year that witnessed an increase in the number of aircraft deliveries.
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Globally, the improvement in urbanization equipped with a significant surge in the volume of air traveling passengers has profound influence positive impact over the aircraft deliveries and subsequently, the Aircraft Wire and Cable Market globally. Factors such as an increase in disposable income of the individuals along with the development of airport infrastructure to boost connectivity via air have played a crucial role in the improvement of the delivery of commercial aircraft over the past few years. As a result, the continuous growth of commercial aircrafts delivery compared to military aircraft is anticipated to be the primary market driving factor for the Aircraft Wire and Cable Market during the coming years. In addition to this, the periodic maintenance, repairs, and modifications of the growing fleet of commercial aircraft also continue to provide steady market growth opportunities across both developed and developing economies, subsequently providing a steady flow of revenue for the market players operating in the aircraft wire and cable market.
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GLOBAL AIRCRAFT WIRE AND CABLE MARKET – MARKET SEGMENTATION
Global Aircraft Wire and Cable Market – By Type
- Cable
- Wire
- Harness
Global Aircraft Wire and Cable Market – By Aircraft Type
- Commercial
- Military
Global Aircraft Wire and Cable Market – By Fit Type
- Line Fit
- Retrofit
Global Aircraft Wire and Cable Market – By Application
- Power Transfer
- Data Transfer
- Flight Control System
- Avionics
- Lighting
Reasons To Buy:
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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