According to a new market report published by
Lucintel, the future of the global aerospace avionics wiring harness market
looks promising with opportunities in commercial aircraft, military
aircraft, general aviation, regional aircraft, and helicopters. The global aerospace avionics wiring harness
market is expected to reach an estimated $103.8 by 2023 with a CAGR of 2.4%
from 2018 to 2023. The major growth drivers for this market are ease of maintenance and assembly of wiring harnesses, the importance
of safety, and increasing deliveries of aircraft.
In this market, commercial aircraft, military aircraft,
general aviation, regional aircraft, and helicopters are the segments by
aircraft type. Lucintel forecasts that commercial aircraft is expected to
remain the largest segment due to
increase in the deliveries of commercial aircraft and development of aircraft, such as A350, A380, A320Neo, and
C919. On the basis
of its comprehensive research, Lucintel
forecasts that the commercial aircraft segment will show above average growth during the
forecast period.
Within the global aerospace avionics wiring
harness market, XL ETFE is expected to remain the largest segment and witness the
highest growth by insulation type, as it is used in most of the commercial
aircraft wiring harnesses.
There are four main applications of avionics
wiring harnesses: communication network and navigation, display systems,
control systems, and radar & surveillance. The share of communication
network and navigation is highest in 2017 as this is the major part of avionics
and there are many communication devices in a cockpit.
North America is expected to remain the
largest region during the forecast period due to having the highest number of
aircraft deliveries and highest level of production in this region.
APAC is expected to witness the highest growth during the forecast period due
to development of new aircraft, such as C919 and MRJ. OEMs like Airbus and
Boeing are shifting their production bases to lower-cost countries, including
China, India, Malaysia, Singapore, and others, in this region.
Emerging trends, which
have a direct impact on the dynamics of the industry, include usage
of crosslinked Tefzel insulated wire and integration and digitization of
avionics using advanced wires. Safran Electrical & Power, Latecoere, and GKN Fokker are among the
major suppliers of avionics wiring harnesses.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global avionics wiring harness market by aircraft type, insulation, ampacity, application and region and
has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Aerospace
Avionics Wiring Harness Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global aerospace avionics wiring harness market by aircraft type, ampacity,
application, insulation and region as follows:
|
By Type
(Value ($ million) from 2012 to 2023):
·
Commercial
Aircraft
·
Military
Aircraft
·
General
Aviation
·
Regional
Aircraft
·
Helicopters
By Ampacity
(Value ($ million) for 2017):
·
0-10
AWG
·
11-20
AWG
·
21-30
AWG
By Application (Value ($ million) for 2017):
·
Communication
Network and Navigation
·
Display
System
·
Control
System
·
Radar
and Surveillance
By Insulation (Value ($ million) from 2012
to 2023):
·
XL
ETFE
·
PI
·
PTFE
By Region (Value ($ million) from 2012 to 2023):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
121 - page research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Aerospace
Report, Defense
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries.
For further information, visit www.lucintel.com.
This
report answers the following 10 key questions:
Q.1 What are some of the most promising,
high-growth opportunities for the global aerospace avionics wiring harness
market by aircraft type (Commercial
Aircraft, Military Aircraft, General Aviation, Regional Aircraft, and Helicopter), ampacity (0-10 AWG, 11-20 AWG, and 20-30 AWG),
application (Communication Network and Navigation, Display System, Control
System, and Radar and Surveillance), insulation (XL ETFE, PI, and PTFE), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a
faster pace and why?
Q.3 Which region will grow
at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the market?
Which companies are leading these developments?
Q.9 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business
growth?
Q.10 What
M&A activity has occurred in the last 5 years?
|
No comments:
Post a Comment