The global aircraft wire and cable market is anticipated to grow at a CAGR of 5.9% during the forecast period. Digitalization improves the work operations in the cockpit and eases pilot functions. It also provides immediate and future benefits to airlines for flight operations involved at each stage. Thus, owing to the rising digitalization in the aircraft industry, the key market players are increasingly involved in adopting various strategies such as partnerships and collaboration with technology companies to bring digitalization to the aviation industry. For instance, in November 2021, Airbus, partnered with FPT Software Ltd., a software services company to introduce innovative solutions and accelerate digital transformation in the aviation industry. FPT Software Ltd. provides a new set of solutions on Airbus’s open data platform and leveraging the capabilities in AI, ML, cloud, and others. Through this partnership, both companies are expected to support more than 140 airlines and 9,500 commercial aircraft globally. Moreover, due to digitalization apps, services, and documents defining the future flight deck are becoming more accessible to pilots. Cable and wires are required to connect these digital systems in every aircraft section, thus it driving the overall aircraft wire and cable market.
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Furthermore, the growing requirement for electrification to reduce higher fuel costs and carbon emissions is another factor fueling the aircraft wire and cable market growth. Key players are launching cables according to the requirements of the electric aircraft industry further supporting the market growth. For instance, in November 2021, W. L. Gore & Associates launched GWN3000 Series, GORE high-performance aerospace wires. The product is recognized in the 2021 Military & Aerospace Electronics Technology Innovators Awards. The GWN3000 series provides a higher level of mechanical and electrical performance over time in current and next-gen aircraft and the series ensures electrical wire interconnection systems reliability, improves safety and reduces total lifecycle costs.
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Market Coverage
- Segment Covered-
o By Application
o By Type
o By Aircraft Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Draka UK Ltd., Glenair, Inc., Harbour Industries, LLC, Leviton Manufacturing Co., Inc., Loos & Co., Inc., Miracle Electronics Devices Pvt. Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aircraft Wire and Cable Market Report Segment
By Application
- Power Transfer
- Data Transfer
- Flight Control Systems
- Avionics
- Lighting
By Type
- Wire
- Cable
- Harness
By Aircraft Type
- Civil Aircraft
- General Aviation Aircraft
- Commercial Passenger & Cargo Aircraft
- Civil Helicopters
- Military Aircraft
Global Aircraft Wire and Cable Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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