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    Aircraft Wiring Harness Market Report

    Aircraft Wiring Harness Market Report
    Report code - SR1053 Published On : Aug,2021 No. of Pages: 115
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    Aircraft Wiring Harness Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Impact of COVID-19 on Aircraft Wiring Harness Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Wiring Harness Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    A harness can be defined as the wires and cables which are bundled together with insulation material. The insulation layering ensures their efficiency in harsh environmental conditions. The use of harnesses makes the interconnection system organized and it becomes quite easy to repair or replace any fault.

    Grounding of B737 Max after two fatal incidents in 2019 ended the 16-year growth trajectory of the aircraft industry. The mirror effect of the same can be witnessed in the aircraft wiring harness market too. The industry was expected to return to its growth trajectory in the following years. However, the sudden outbreak of Covid-19 vanished all the hopes and pushed the aircraft industry to its ground. The subsequent effect of the pandemic was also felt in the aircraft wiring harness market, which declined by approx. 31% in 2020.

    That being said, the long-term scenario still seems promising backed by strong industry fundamentals and stakeholder’s capability to manage crises. The aircraft wiring harness market is likely to follow the suit and is expected to rebound at a CAGR of 8.2% during the forecast period to reach a value of US$ 1.5 billion in 2026.

    Market Segments' Analysis

    Based on the platform type, the aircraft wiring harness 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 and the fastest-growing segment of the market during the forecast period. By the end of June 2021, Boeing and Airbus had a combined order backlog of 12,009 commercial aircraft. At present build rates, these massive piles of commercial aircraft order backlogs will allow both airframers to continue rolling out aircraft for the next eight to ten years.  In addition, they have been developing the fuel-efficient variations of their best-selling aircraft projects in order to answer the airline industry's most pressing need, which is fuel efficiency.

    Based on the application type, the aircraft wiring harness market is segmented as avionics, interiors, airframe, propulsion system, and others. The interiors segment held the lion’s share of the market in 2020 and is expected to expand with the highest CAGR of 9.0% in the post-pandemic market developments. Increasing focus of airliners towards improving the passenger travel experience and modernization of existing fleets with new IFE systems are the major factors driving the growth of the interiors segment.

    Based on the insulation material type, the aircraft wiring harness market is segmented as XL ETFE (Cross-Linked Extruded Ethylene Tetrafluoroethylene), TKT (Teflon-Kapton-Teflon), PTFE (Polytetrafluoroethylene), PI (Polyimide), and others. PTFE is expected to remain the most preferred and the fastest-growing insulation material type in the market during the forecast period, driven by its exceptional properties such as extreme temperature resistance (-200°C to 300°C), chemically inertness, low-dielectric constant, low coefficient of friction, and excellent FST property.

    In terms of regions, North America is expected to remain the largest market for aircraft wiring harnesses. The region is dominated by the USA, owing to the presence of major aircraft OEMs, wiring harness suppliers, airlines, and MRO companies.  Asia-Pacific is expected to witness the highest growth during the forecast period driven by assembly plants of Boeing and Airbus in China, increasing procurement of military aircraft, rising aircraft fleet size, and upcoming indigenous aircraft program C919. China, Japan, and India are the growth engines of the region’s aircraft wiring harness market.

    Key Players

    The aircraft wiring harness market is slowly heading towards consolidation as major players are acquiring other leading players to grab a major chunk of the market and expand their portfolio. Some of the key M&A activities in the market include the acquisition of Fokker Technologies Group B.V. by Safran and the acquisition of Esterline Technologies Corporation and Elektro Metall Export GmbH by TransDigm Group.

    The following are the key players in the aircraft wiring harness market.

    • Safran S.A.
    • Groupe Latécoère
    • GKN Aerospace
    • Carlisle Companies
    • W.L. Gore & Associates
    • Amphenol
    • Ducommun Incorporated
    • TransDigm Group
    • TE Connectivity
    • AKKA Technologies

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft wiring harness market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our aerospace wires & cables market and EWIS market reports from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft wiring harness market in order to provide the most crystal-clear picture of the market. The report segments and analyzes 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 1,000 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 the market dynamics and will enable strategic decision making for the 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, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft wiring harness market is segmented into the following categories. 

    Aircraft Wiring Harness Market, by Platform Type

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

    Aircraft Wiring Harness Market, by Application Type

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

    Aircraft Wiring Harness Market, by Insulation Material Type

    • XL ETFE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • TKT (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PTFE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Wiring Harness Market, by Product Type

    • Built-to-Print (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Built-to-Spec (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Wiring Harness Market, by Purpose Type

    • General-Purpose Wiring Harness (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Special-Purpose Wiring Harness (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Wiring Harness Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Wiring Harness Market, 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)

    Report 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 [email protected]

    Frequently Asked Questions (FAQs)

    The Aircraft Wiring Harness market is estimated to grow at a healthy CAGR of 8.2% during 2021-2026.

    Safran S.A., Groupe Latcore, GKN Aerospace, Carlisle Companies, W.L. Gore & Associates, Amphenol Corporation, Ducommun Incorporated, TransDigm Group, TE Connectivity, and AKKA Technologies are the leading players in the aircraft wiring harness market.

    North America is estimated to be dominant in the aircraft wiring harness market in the foreseen future.

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