DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aviation Connectors Market by Application (Landing Gear, Engine Control System, Avionics, Cabin Equipment, Others), Type (PCB, High Power, High Speed, RF Connectors, Fiber Optics), Shape (Circular, Rectangular), & Region - Global Forecast to 2022" report to their offering.
Growth in aircraft deliveries is the key factor impacting the growth of the aviation connectors market
The aviation connector market was valued at USD 4.13 billion in 2016 and is projected to reach USD 5.52 billion by 2022, at a CAGR of 4.97% during the forecast period.
The increasing number of aircraft deliveries and adoption of modern electric systems in aircraft are the key drivers for the aviation connectors market. Backlogs in current aircraft orders is a restraint for growth of the aviation connectors market.
Based on end user, the commercial segment of the aviation connectors market is expected to grow at the highest CAGR during the forecast period. The demand for aviation connectors for commercial use is increasing due to the growth of the aircraft manufacturing industry in emerging economies.
Based on shape, the circular segment of the aviation connectors market is anticipated to grow at the highest CAGR during the forecast period. The circular segment is expected to grow, as it is more versatile, and can be successfully used in various applications and conditions.
North America led the aviation connectors market in 2015
- Growth in the Number of Aircraft Deliveries
- Shift Towards Electric Architecture and Technology
- Existing Backlogs of Aircraft Deliveries
- Diverse Applications of Connectors in an Aircraft
- Obtaining Quality Accreditations
- Amphenol Corporation
- Bel Fuse Inc.
- Carlisle Companies Inc.
- Eaton Corporation
- Esterline Corporation
- ITT Corporation
- Rosenberger Group
- Smiths Group PLC
- TE Connectivity
For more information about this report visit http://www.researchandmarkets.com/research/hpj6nx/aviation