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Aircraft Wiring Harness Market Forecast | 2023-2028
Aircraft Wiring Harness Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
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.
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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.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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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. |
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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. |
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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. |
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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. |
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End-User-Type Analysis |
OE and Aftermarket |
OE remains the dominant and fastest-growing end-user type over the next five years. |
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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. |
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.
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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.
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.
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 future. The 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.
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 C919. China, Japan, and India are the growth engines of the region’s market.
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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:
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.
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:
The aircraft wiring harness market is segmented into the following categories.
Aircraft Wiring Harness Market, by Platform Type
Aircraft Wiring Harness Market, by Application Type
Aircraft Wiring Harness Market, by Insulation Material Type
Aircraft Wiring Harness Market, by Purpose Type
Aircraft Wiring Harness Market, by Product Type
Aircraft Wiring Harness Market, by End-User Type
Aircraft Wiring Harness Market, by Region
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Company Profiling
Competitive Benchmarking
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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., Latécoère, 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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