EWIS Market Analysis | 2022-2027

Market Insights

The EWIS Market was estimated at USD 1721 million in 2021 and is likely to grow at a CAGR of 6.2% during 2022-2027 to reach USD 2672.7 million in 2027.

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Market Dynamics

Introduction

EWIS stands for Electrical Wiring Interconnect System or electrical wiring interconnection system. As per FAR25, EWIS is the wiring system of an aircraft, installed in any area of the aircraft for transmitting electrical energy, including data and signals between two or more intended termination points. EWIS is responsible to ensure the systems keep functioning even in case of a single fault such as a bundle fire, connector failure, or other external failures that can break signal continuity.

Covid-19 Impact

The aircraft industry had been flourishing for the past 16 years. But the grounding of B737 Max across regions in 2019 put a break in the industry’s growth acceleration, whose adverse impact was particularly felt in the North American market. The sudden outbreak of the Covid-19 pandemic further deepened the industry challenges with several bankruptcies, huge COVID-related costs leading to negative cash flows, and supply-chain disruption. Mirror effects of these challenges were also witnessed on the demand for EWIS, which recorded a colossal decline of 30% in 2020. This has forced all the leading industry stakeholders to start focusing on liquidity management by leveraging their available short- as well as long-term cash avenues. Nevertheless, the aerospace industry is likely to bounce back shortly, backed by strong industry fundamentals and a proven track record in handling crises. Resuming aircraft deliveries, ungrounding of B737 Max, and revamp in the production rate of key programs such as A320, are heading the industry towards recovery. 

Market Drivers

The major factors driving the growth of the EWIS Market are:

• An expected rise in the production rate of key programs.
• An expected rise in the aircraft fleet size.
• Increasing investments in electrical aircraft.
• Increasing use of wires & cables in modern aircraft.

Segment Analysis

By Platform Type

"The commercial aircraft segment accounted for the largest market share of more than 65% during the forecast period"

The EWIS market is segmented as commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopter. Despite being the worst hit from the pandemic, commercial aircraft is expected to remain the largest segment of the market with the share of more than 65% during the forecast period. By the end of June 2021, Boeing and Airbus had an order backlog of 5,084 and 6,925 aircraft units. At present build rates, this massive pile of commercial aircraft order backlogs will allow both airframers to continue rolling out aircraft for the next eight to ten years. Upcoming aircraft programs, such as C919, B777X, and MC-21, are expected to further strengthen the position of commercial aircraft in the EWIS market.

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By Application Type

"The interiors segment accounted for the largest market share."

The EWIS market is segmented as avionics, interiors, airframe, propulsion system, and others. The Interior segment held the dominant position in 2021 and is expected to heal at the fastest pace during 2022-2027. Increased focus of airliners towards enhancing passenger experience and up-gradation of the existing fleet with new IFE systems are the major factors behind the dominance of the interior segment.

Regional Analysis

"North America accounted for the largest market share of more than 45% during the forecast period"

North America accounted for the largest market share of more than 45% during EWIS during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEM’s, tier players, EWIS players, and MRO companies. Most of the major players in the EWIS market have their presence in the region to cater to the emergent needs of OEMs and to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Asia-Pacific is likely to witness the highest growth during 2022-2027. The region’s market is majorly driven by increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus in China for multiple programs, increasing production and procurement of military aircraft owing to the rising defense budget and growing territorial disputes among key economies, and upcoming indigenous aircraft program C919.  China, Japan, and India are expected to remain the growth engines of the Asia-Pacific market.

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Key Players

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s EWIS Market realities and future market possibilities for the forecast period of 2022 to 2027. After a continuous interest in our aerospace wires & cables market report from the industry stakeholders, we have tried to further accentuate our research scope to the EWIS Market in order to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The EWIS market is segmented into the following categories:

By Platform Type

• Commercial Aircraft
• Military Aircraft
• General Aviation
• Regional Aircraft
• Helicopters

By Application Type

• Avionics
• Interiors
• Airframe
• Propulsion System
• Others

By Product Type

• Built-to-Print
• Built-to-Spec

By Purpose Type

• General Purpose
• Special Purpose

By End-User Type

• OE
• Aftermarket

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, 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

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com