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, helicopters, and military aircraft. The global aerospace wiring harness market is expected to reach an estimated $847 million by 2024 with a CAGR of 1.9% from 2019 to 2024. The major growth drivers for this market are increasing aircraft deliveries and more electrification in newer aircraft.
Browse 80 market data tables and 99 figures spread through 163 pages and in-depth TOC on “Global Aerospace Wiring Harness Market”
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In this market, different types of aerospace wiring harness such as XL ETFE, TKT, PTFE, PI and others are used as insulation material. Lucintel forecasts that XL ETFE will remain the largest segment and it is also expected to witness highest growth over the forecast period due to its performance benefits, such as lightweight and heat resistance.
Within the aerospace wiring harness market, commercial aircraft will remain the largest segment and it is also expected to witness highest growth over the forecast period due to the increasing commercial aircraft delivery and growing electrification in newer aircrafts.
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North America is expected to remain the largest region due to the presence of leading aircraft OEMs. APAC is expected to witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and the development of new aircrafts.
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An emerging trend, which has a direct impact on the dynamics of the aerospace wiring harness industry, includes development of lightweight and high heat resistance wires. Safran, Latecoere, and GKN Aerospace are among the major aerospace wiring harness manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global aerospace wiring harness market by aircraft type, application type, insulation material, market type, by ampacity, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Aerospace Wiring Harness Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a 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 type, insulation material, market type, by ampacity, and region as follows:
By Aircraft Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Helicopter
- Military Aircraft
By Application Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
- Wing
- Fuselage
- Empennage
- Interior
- Front Section
- Engine
By Market Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
- OEM
- Aftermarket
By Insulation material [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
- XL ETFE
- TKT
- PTFE
- PI
- Others
By Ampacity [Value ($M) for 2018]:
- 0 to 10 AWG
- 11 to 20 AWG
- 21 to 30 AWG
By Region [$M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 163-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 https://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. It offers 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 following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for 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 material (XL ETFE, TKT, PTFE, PI and others), by ampacity (0 to 10 AWG, 11 to 20 AWG, 21 to 30 AWG), 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 regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the 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 area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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