According to a new market report published by
Lucintel, the future of the global aerospace wiring harness market looks promising
with opportunities in the commercial aircraft, regional aircraft, general
aviation, helicopters, and military aircraft. The global aerospace wiring
harness market is expected to reach an estimated $847 million by 2024 with a
CAGR of 1.9% from 2019 to 2024. The major growth drivers for this market are
increasing aircraft deliveries and more electrification in newer aircraft.
In this
market, XL ETFE (crosslinked Ethylene Tetrafluoroethylene), TKT (Teflon-Kapton-Teflon), PTFE (Polytetrafluoroethylene), and PI (Polyimide) are the major insulation materials
used in the wiring harness. XL ETFE will remain the largest segment and it is also expected to witness
highest growth over the forecast period due to it’s performance benefits, such
as lightweight and heat resistance.
Within the
aerospace wiring harness market, commercial aircraft will remain the largest
segment and it is also expected to witness highest growth over the forecast
period due to the increasing commercial aircraft delivery and growing
electrification in newer aircrafts.
Wing, fuselage,
empennage, front section, interior, and engine are the major application areas
for wiring harness. Wing will remain the largest application. Interior segment
is expected to witness the highest growth over the forecast period due to the
growing inflight entertainment system in newer aircraft.
North America is expected to remain the
largest region due to the presence of leading aircraft OEMs. APAC is expected to witness the
highest growth over the forecast period due to a significant increase in
aircraft deliveries and the development of new aircrafts.
An emerging trend, which has
a direct impact on the dynamics of the industry, includes development of
lightweight and high heat resistance wires. Safran, Latecoere, and GKN
Aerospace are among the major suppliers of aerospace wiring harnesses.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global aerospace wiring harness market by aircraft type, application
type, insulation material, market type, by
ampacity, and region and has come
up with a comprehensive research report entitled “Growth
Opportunities for in the Global Aerospace Wiring Harness Market 2018-2023:
Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as
it provides comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the global aerospace wiring harness market by aircraft
type, application type, insulation material, market type, by ampacity,
and region as follows:
By Aircraft
Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
·
Commercial
Aircraft
·
Regional
Aircraft
·
General
Aviation
·
Helicopter
·
Military
Aircraft
By Application Type [Value ($M) and Volume (Million ft.) from 2013
to 2024]:
·
Wing
·
Fuselage
·
Empennage
·
Interior
·
Front
Section
·
Engine
By Market Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
·
OEM
·
Aftermarket
By Insulation material [Value ($M) and Volume (Million ft.) from 2013
to 2024]:
·
XL
ETFE
·
TKT
·
PTFE
·
PI
·
Others
By Ampacity
[Value ($M) for 2018]:
·
0 to 10 AWG
·
11 to 20 AWG
·
21 to 30 AWG
By Region
[Value ($M) and volume (Million ft.) from
2013 to 2024]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
163 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
Wiring Harness Market, Aircraft
Wire and Cable Market, Due
Diligence, Capital
Investment Analysis and SWOT Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. We
offer 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 in the global aerospace wiring harness market by aircraft
type (commercial
aircraft, regional aircraft, general aviation, helicopter, and military
aircraft), by application (wing,
fuselage, empennage, interior, front section, and engine), by market type
(OEM and aftermarket), by insulation material (XL ETFE, TKT, PTFE, PI and others),
by ampacity (0 to 10 AWG, 11 to 20 AWG, 21 to 30 AWG), and by 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 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business growth?
Q.9 What
M&A activity has occurred in the last 5 years?
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