DUBLIN--(BUSINESS WIRE)--The "Aircraft Wire and Cable Market by Type (Harness, Wire, Cable), Application (Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting), Fit (Linefit, Retrofit), Aircraft Type (Civil, Military), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aircraft wire and cable market is projected to grow from USD 695.2 million in 2017 to USD 926.4 million by 2022, at a CAGR of 5.91% between 2017 and 2022.
Over the years, passenger traffic has increased in the UAE and emerging countries, such as India and China. In addition, airlines are demanding lightweight and fuel-efficient aircraft with enhanced engine efficiency to reduce operational cost and increase profit margins, which is resulting in aircraft modernization programs whereby old aircraft are being replaced with new and more efficient aircraft. However, the existing backlog in aircraft deliveries can restrain the growth of the aircraft wire and cable market. Delays in aircraft deliveries can also result in cancellation of aircraft orders.
Based on type, the aircraft harness segment is estimated to lead the aircraft wire and cable market in 2017. Owing to features such as vibration and abrasion resistance, space optimization, and easy installation, aircraft harnesses are widely used when compared to individual wires and cables. The demand for aircraft harness is also expected to grow during the forecast period due to the increase in the number of commercial passenger and cargo aircraft across the globe.
Based on application, the flight control system segment is estimated to lead the aircraft wire and cable market in 2017. Flight control system ensures the reliability of aircraft flight, and wires and cables are essential in interconnecting these systems. With the adoption of fly-by-wire aircraft in the present generation, wires and cables used for primary and secondary flight control system are significantly more as compared to other applications. Hence, this segment is estimated to lead the aircraft wire and cable market during the forecast period.
North America is expected to lead the aircraft wire and cable market in 2017. North America is estimated to lead the aircraft wire and cable market in 2017. Countries considered under North America are the US and Canada. The presence of some of the major aircraft manufacturers, such as Boeing (US), Bombardier (Canada), Lockheed Martin (US), Bell Helicopter (US), and Sikorsky Aircraft (US), among others, in North America and a large number of aircraft deliveries to this region have contributed to the growth of the aircraft wire and cable market in North America.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Wire and Cable Market, By Type
8 Aircraft Wire and Cable Market, By Application
9 Aircraft Wire and Cable Market, By Fit
10 Aircraft Wire and Cable Market, By Aircraft Type
11 Aircraft Wire and Cable Market, By Region
12 Competitive Landscape
13 Company Profiles
- A.E. Petsche
- Carlisle Companies
- Pic Wire & Cable
- Rockwell Collins
- TE Connectivity
- W.L. Gore & Associates
For more information about this report visit https://www.researchandmarkets.com/research/ptvk8n/aircraft_wire_and?w=4