According to a new market report published by Lucintel, the future of the global aerospace wiring harness market looks promising with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. The global aerospace wiring harness market is expected to reach an estimated $835.5 million by 2027 with a CAGR of 4.7% from 2021 to 2027 . The major growth drivers for this market are increasing electrification in aircraft and deliveries of aircraft.
In this market, wing is the major applications of wiring harness in the global aerospace wiring harness market. On the basis of its comprehensive research, Lucintel forecasts that the wing will remain the largest application over the forecast period. The major insulation used in wiring harness includes XL ETFE, TKT (Teflon-Kapton-Teflon), Polytetrafluoroehtylene (PTFE), Polyimide (PI), and Others. Increased focus on weight reduction, heat resistance and fuel efficiency by aircraft manufacturers has augmented the use of XL ETFE insulation in wiring harness.
Europe is expected to remain the largest region due to largest number of aircraft OEMs in this region. APAC is expected to witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and development of new aircraft.
Emerging trends, which has a direct impact on the dynamics of the industry, includes integration of data network using wires and usage of optical fiber for digitization. Safran, Latecoere, and GKN Aerospace are among the major of aerospace wiring harness.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace wiring harness market by aircraft type, application type, insulation, market type, and region and has come up with a comprehensive research report entitled “Growth Opportunities for in the Global Aerospace Wiring Harness Market 2016-2027: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace wiring harness market by aircraft type, application, insulation, market type, and region as follows:
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By Aircraft Type [Value ($M) and Volume (Million ft.) from 2016-2027]:
Commercial Aircraft
Regional Aircraft
General Aviation
Helicopter
Military Aircraft
By Application Type [Value ($M) and Volume (Million ft.) from 2016-2027]:
Wing
Fuselage
Empennage
Interior
Front Section
Engine
By Market Type [Value ($M) and Volume (Million ft.) from 2016-2027]:
By Insulation [Value ($M) and Volume (Million ft.) from 2016-2027]:
XL ETFE
TKT
PTFE
PI
Others
By Region [Value ($M) and volume (Million ft.) from 2016-2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 148 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/aerospace-wiring-harness-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities in the global aerospace wiring harness market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft), by application (wing, fuselage, empennage, interior, front section, and engine), by market type (OEM and aftermarket), by insulation (XL ETFE, TKT, PTFE, PI and Others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the aerospace wiring harness market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this aerospace wiring harness market area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activity has occurred in the last 5 years? |