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
Over the years, the aircraft fleet has significantly increased which resulted in the increasing installation of electrical and electronic equipment. Further, the rising focus on safety of the aircraft is expected to propel the market demand for aircraft wire and cables. The rapid expansion of the aviation sector globally and growing adoption of advanced technologies for the smooth functioning of aircraft is supplementing the growth of the market significantly.
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GLOBAL AIRCRAFT WIRE AND CABLE MARKET – MARKET SEGMENTATION
Global Aircraft Wire and Cable Market – By Type
Global Aircraft Wire and Cable Market – By Aircraft Type
Global Aircraft Wire and Cable Market – By Fit Type
- Line Fit
Global Aircraft Wire and Cable Market – By Application
- Power Transfer
- Data Transfer
- Flight Control System
Global Aircraft Wire and Cable Market – By Geography
- North America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- South America (SAM)
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
- TE Connectivity
- W.L. Gore and Associates, Inc.
The market players present in Aircraft Wire and Cable Market are mainly focusing on global expansion by mergers & acquisition, and introducing new manufacturing facility. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the companies to maintain its brand name globally. Few of the recent developments are listed below;
2019: SmartSky Networks selected Gore’s vapor-sealed 7 Series for their new inflight connectivity system to provide travelers with a true 4G LTE air-to-ground connection in aircraft.
2019: W. L. Gore & Associates, Inc. announced the new GORE Fiber Optic Cables, 1.8 mm Simplex with high impact-resistance for extreme defense aircraft environments. This version is proven to exceed new stringent JN1177 and EN4641-301 industry standards for more durability while maintaining high-bandwidth data and video transmission on 10-Gb avionics networks.
2018: Amphenol Borisch Technologies (ABT) invested USD 3.7 million to expand its operations in Kentwood, Michigan.
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