Global Aerospace Wires & Cables Market Report (2022 to 2027) - Size, Share, Trend, Forecast, & Industry Analysis - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aerospace Wires & Cables Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global aerospace wires & cables market is expected to grow at a promising CAGR of 6.9% to reach a sales figure of US$ 0.9 billion in 2027.

Wires & cables are often considered a commodity product and form a crucial component in an aircraft. Wires form cables, cables form wire harnesses and harnesses assembled along with other components such as conduits and sleeves, backshells, connectors, etc. form the wiring system or electronic wiring interconnect system (EWIS). Being one of the building block elements in aircraft functioning, wires & cables have ceaselessly been in demand with a gradual increase of usage in modern aircraft.

For instance, Boeing 737 has ~40 miles of wires & cables. The company almost doubled the wires & cables consumption to 100 miles in its B767 program and further tripled to 310 miles in its B787 program. A similar trajectory has been recorded for the Airbus programs. Aerospace wires & cables are required to conform to several predetermined standards, distinct to each region. They are used in a wide range of applications such as avionics, lighting, and flight control surfaces.

The emergence of the pandemic in 2020, left the aerospace industry in shambles. The industry stakeholders incurred heavy losses and were forced to resort to extreme measures and reorient their age-old strategies in order to ensure survival and long-term stability. However, after the passing of the relapse waves of COVID-19 accompanied by massive vaccination drives carried out by nations across the globe, different aircraft segments began to recover from 2021.

The industry's rebound had a mirroring impact on the aerospace wires and cable market, as the market recorded a positive YoY (5.9%) during 2020-2021. Key factors fuelling the growth of the market in the long run are rebounding commercial aircraft production, ageing aircraft fleet size, increasing use of wires & cables in modern aircraft, and fervent efforts toward developing electric aircraft.

Key Players

The aerospace wires & cables market has remained mostly latent in the past few years with no significant mergers & acquisitions. The sudden outburst of the pandemic has only added to the inertia of the market. For instance, the fallout of the Carlisle-Prysmian deal for the acquisition of Draka in 2020, is an imperative survival strategy to maintain cash liquidity. The key players in the aerospace wires & cables market are:

• Carlisle Companies, Inc.
• Nexans S.A.
• TE Connectivity
• Judd Wire, Inc.
• Draka Fileca SAS (Prysmian)

Development of customized solutions for key customers, advancements in wires & cables, and a continuous drive towards betterment and high-performance solutions are some of the key strategies adopted by the major players to gain a competitive edge in the market.

The aerospace wires & cables market is segmented into the following categories:

Aerospace Wires & Cables Market, by Vehicle Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Wires & Cables Market, by Product Type

• Hook-Up Wires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Coaxial Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Data Bus Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Power Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Wires & Cables Market, by Insulation Type

• PTFE Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyimide Tape/PTFE Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyimide Tape/UV Laser Markables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Wires & Cables Market, by Application Type

• Avionics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Propulsion System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Wires & Cables Market, by Region

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

For more information about this report visit https://www.researchandmarkets.com/r/9yqf19