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  • Aircraft Wiring Harness Market Forecast | 2023-2028

    Aircraft Wiring Harness Market Forecast | 2023-2028

    Aircraft Wiring Harness Market Forecast | 2023-2028
    Report code - SR1053 Published On : May,2023 No. of Pages: 170
    Aircraft Wiring Harness Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Insights

    Wire harnesses are electrical solutions that keep electric cables and wires organized and provide protection for wires. The use of harnesses makes the interconnection system organized and it becomes quite easy to repair or replace any fault. Two types of harnesses are usually used; general-purpose harnesses, which are not exposed to stresses, and harsh (special purpose) harnesses, which are used in harsh environments such as engines, wings, and landing gears.

    Aircraft-Wiring-Market-Forecast

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    The COVID-19 pandemic shattered the aerospace industry, including the wiring harness market, which witnessed a decline of 40.1% in 2020. The market further declined in 2021, followed by a good recovery from 2022 onward. Overall, the aircraft wiring harness market is likely to rebound at a promising CAGR of 9.2%, in the long run, to reach US$ 1.8 Billion in 2028.

    An expected increase in the production rate of key programs (A320neo, B737 Max, A220, B787, and A350XWB), the introduction of new aircraft programs (C919, MC-21, B777x, etc.), increasing investments in electrical aircraft, and increasing use of wires & cables in modern aircraft are some of the key factors driving the demand for the wiring harness.

    Recent Market JVs and Acquisitions: An inorganic growth strategy remains preferred in the market. Several crucial M&As led to several changes in the competitive landscape.

    • In 2019, kSRIA Corporation acquired Co-Operative Industries Aerospace & Defense (CIA&D), a manufacturer of electrical wiring harnesses and interconnects for the aerospace & defense industry.
    • In 2020, kSARIA Corporation acquired Compulink Cable Assemblies, a manufacturer of high-reliability cables and harnesses for commercial and military aircraft applications.
    • In 2021, Latécoère acquired Bombardier’s Electrical Wiring and Interconnection Systems (EWIS) business in Querétaro, which specializes in manufacturing of electrical harnesses and sub-assemblies.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Platform-Type Analysis

    Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter

    Among all aircraft platform types, commercial aircraft is the biggest demand generator as well as the fastest-growing aircraft type.

    Application-Type Analysis

    Avionics, Interiors, Propulsion System, Airframe, and Others

    Among all aircraft wiring harness application types, the interior category is expected to be dominant as well as the fastest-growing application type over the next five years.

    Insulation Material-Type Analysis

    XL ETFE, TKT (Teflon-KAPTON-Teflon), PTFE, PI, and Others

    Among insulation material types, PTFE is expected to remain dominant, followed by PI, whereas XL ETFE is estimated to emerge as the fastest-growing insulation material type.

    Purpose-Type Analysis

    General Purpose and Special Purpose

    General purpose is anticipated to remain dominant, whereas the special purpose will be the faster-growing application type over the next five years.

    Product-Type Analysis

    Built-to-Print and Built-to-Spec

    Among the product type, built-to-print is expected to remain dominant, whereas built-to-spec is likely to be the faster-growing product type over the next five years.

    End-User-Type Analysis

    OE and Aftermarket

    OE remains the dominant and fastest-growing end-user type over the next five years.

    Region-Type Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    North America is likely to maintain its supremacy in the market, whereas Asia-Pacific is likely to be the fastest-growing region over the next five years.

     

    Platform Type

    The aircraft wiring harness market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopters. Commercial aircraft is expected to remain the largest and fastest-growing platform type in the market during the forecast period, driven by a host of factors including snowballing commercial aircraft deliveries, the introduction of fuel-efficient commercial aircraft, and a growing aircraft fleet size.

    Aircraft-Wiring-Market-Segments

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    Application Type

    The market is segmented into avionics, interiors, propulsion system, airframes, and others. The interior application held the dominant share of the market in 2022 and is also expected to experience the highest growth during the forecast period. The increasing focus of airliners on improving the passenger travel experience and the modernization of existing fleets with new IFE systems are the major factors driving the growth of the interior segment.

    Insulation Material Type

    The 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 insulation material type in the market, driven by its exceptional properties, such as extreme temperature resistance (-200°C to 300°C), chemical inertness, low-dielectric constant, low coefficient of friction, and excellent FST properties.

    End-User Type

    The aircraft wiring harness market is segmented into OE and aftermarket based on the end-user type. OE is estimated to remain the sole source of demand for wiring harnesses in the foreseeable futureThe aftermarket holds a negligible share of the market. Wires & cables (or harnesses) do not need to be replaced because their life span is almost the same as the aircraft’s life.

    Regional Analysis

    North America is expected to remain the largest market for aircraft wiring harnesses during the forecast period. 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 the assembly plants of Boeing and Airbus in China, increasing procurement of military aircraft, rising aircraft fleet size, and the upcoming indigenous aircraft program C919China, Japan, and India are the growth engines of the region’s market.

    Aircraft-Wiring-Market-Regional-Analysis

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    Key Players

    The market is highly concentrated, with the presence of some regional and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aircraft wiring harness market:

    • Safran S.A.
    • Latécoère
    • GKN Aerospace (Part of Melrose PLC)
    • Ducommun Incorporated
    • Carlisle Companies Inc.
    • Amphenol Corporation
    • Glenair 

    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. 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 and investors in identifying the low-hanging fruits available in the market and formulating 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 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, Product 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 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)
    • 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)

    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)
    • 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)

    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 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 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 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, Spain, 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 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

    Frequently Asked Questions (FAQ)

    The aircraft wiring harness market is estimated to grow at a healthy CAGR of 9.2% by 2028, driven by several factors like increasing commercial and regional aircraft deliveries, increasing investments in electrical aircraft, and increasing use of wires & cables in modern aircraft.

    Safran S.A., Latcore, GKN Aerospace (Part of Melrose PLC), Ducommun Incorporated, Carlisle Companies Inc., Amphenol Corporation, and Glenair are the leading players in the aircraft wiring harness market.

    North America is estimated to remain dominant in the aircraft wiring harness market in the foreseeable future, due to the presence of a large number of aircraft OEMs, tier players, and aircraft wiring harness manufacturers in the region.

    Asia-Pacific is estimated to remain the fastest-growing market for aircraft wiring harnesses in the foreseen future, driven by the upcoming aircraft program (C919) in China and a gradual shift of manufacturing base from North America and Europe to Asia-Pacific (opening of an assembly plant by Airbus in China for their A320 and A330 aircraft programs).

    Interiors are estimated to be dominant in the market in the coming years. The desire to improve passenger travel experiences and upgrade current airplanes with new electrical wiring systems is triggering the growth of interior applications.

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