DUBLIN--(BUSINESS WIRE)--The "Aircraft Cables Market Outlook 2020-2030: COVID-19 Impact and Recovery Assessment" report has been added to ResearchAndMarkets.com's offering.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider aircraft cables market, and compares it with other markets.
The global aircraft cables market was worth $3.53 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.64% and reach $4.56 billion by 2023. North America was the largest region in the aircraft market in 2019.
The increasing demand for the production of new aircrafts across the world promotes the growth of aircraft cables market. Aircraft cables are used to establish an aircraft electrical system and to transmit signals into electrical power in commercial aircraft, military aircraft, civil helicopters, and military helicopters. Thus, the increase in demand for aircrafts holds a positive effect on the demand for the production of aircraft wires. The International Air Transport Association (IATA) predicts an increase to 7.2 billion passengers by 2035 from 3.8 billion in 2016. According to the forecast by AirBus in 2019, air traffic is estimated to grow at 4.3% annually till 2038, following a demand of 39,200 new passenger and dedicated freighter aircraft over the period. Further, in 2019 Paris Air Show, Airbus, an aircraft manufacturer, signed a deal of 387 order from AirLease, a U.S. based aircraft leasing company. The deal includes a total of 27 A321XLRs aircrafts. The increased production of new aircrafts will result in the increase demand for aircraft cables.
The growth of the aircraft cable market is restricted because of the backlogging of aircrafts. The aircrafts backlog hampers the demand for aircraft cables. Aircraft backlog occurs when the orders of aircraft manufacturing have not been fulfilled or runs the risk of their potential cancellation or postponement in their date of delivery. The cases of accidents of aircrafts which impacts the sale of new aircrafts, heavy competition among the aircraft producers and the time required to build a new aircraft results in heavy backlogs in many cases. Thus, the huge number of aircraft backlogs may result in an opportunity loss for the companies in the aircraft manufacturing to manufacture new aircrafts, thus, reducing the demand for aircraft cables.
The companies involved in aircraft cable market are investing in producing cables to meet the need for high performance data applications required in the aircraft systems. Such high-performance data applications are used in cabin management systems, ethernet backbones, computers, servers and low skew video. Following the trend, in 2019, PIC Wires and Cables, a US based provider of aircraft wires, electronic cables, wire connectors and avionic wire assemblies, launched its new CAT7 Ethernet DataMATES cables that can provide 10G data performance in environment such as in aerospace. These cables offer 10G performance at 600MHz and are being used in cabin management, in-flight entertainment, and avionics networks. Thus, high performance cables are being developed to meet the growing need for aerospace data networks.
In 2018, Central Wire Industries, a Canada based provider of wire and wire products including aircraft cables, strands, wire rope, cable and engineered cable assemblies and other aerospace wire products, acquired Loos & Co. Inc for an undisclosed amount. Through the acquisition Central Wire Industries, aims to expand its product offerings while expanding its geographical reach. Loos & Co. Inc is a USA based provider of aircraft cable, wire rope and other steel wire product.
Major players in the market are TE Connectivity , Amphenol , AMETEK, Inc., Loos & Co., Inc., Radiall, Pic Wire & Cable, W.L. Gore & Associates, A.E.Petsche, Arrow Electronics, Inc., Collins Aerospace.
Key Topics Covered
1. Executive Summary
2. Aircraft Cables Market Characteristics
3. Aircraft Cables Market Size And Growth
3.1. Global Aircraft Cables Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Aircraft Cables Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Aircraft Cables Market Segmentation
4.1. Global Aircraft Cables Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Stainless Steel Material
- Galvanized Steel Material
4.2. Global Aircraft Cables Market, Segmentation By Aircraft Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Military Aircraft
- Civil Aircraft
4.3. Global Aircraft Cables Market, Segmentation By Sales Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Original Equipment Manufacturer (OEM)
4.4. Global Aircraft Cables Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- General Aviation
- Business Aircraft
5. Aircraft Cables Market Regional And Country Analysis
5.1. Global Aircraft Cables Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Aircraft Cables Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- TE Connectivity
- AMETEK, Inc.
- Loos & Co., Inc.
- Pic Wire & Cable
- W.L. Gore & Associates
- Arrow Electronics, Inc.
- Collins Aerospace
- Harbour Industries
- Leviton Manufacturing Co., Inc.
- Specialty Wire & Cord Sets, Inc.
- Interconnect Cable Technologies Corp.
- Aerospace Wire & Cable
For more information about this report visit https://www.researchandmarkets.com/r/ehkq29