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Aerospace And Defense Connectors Market Report
Aerospace & Defense Connectors Market Size, Share, Trend, Forecast, & Competitive Analysis: 2017-2022
The global aerospace & defense connectors market is projected to grow at a healthy CAGR (compound annual growth rate) of 5.1% over the next five years to reach US$ 1,713.2 million in 2022. Increasing production rate of commercial and regional aircraft, such as B737, A320, A350XWB, and C Series; upcoming aircraft & introduction of variants of existing aircraft, such as C919, MRJ, B737Max, A320neo, and E-2 Jets; rising global aircraft fleet; need for lower MRO (maintenance, repair, and overhaul) cost, high demand for the advanced avionic systems, and advancement in the connectors technology are major growth drivers of the global aerospace & defense connectors market.
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The global aerospace & defense connectors market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Narrow-body and wide-body aircraft are the growth engines of the global aerospace & defense connectors market during the forecast period of 2017 to 2022. Wide-body aircraft is projected to witness the highest growth during the same period, driven by increasing demand from Asia-Pacific and Middle-East regions. B777, A330, B787, and A350XWB are the major aircraft generating a healthy demand for connectors. Increasing production rate of B787 and A350XWB; upcoming variants of existing aircraft, such as B777x and A330neo; and rising wide-body aircraft fleet size would continue driving the market in the coming five years.
The global aerospace & defense connectors market is segmented based on product type as the signal, power, RF connectors, fiber optics, ethernet, and others. Signal connector is likely to remain the most dominant product type in the market during the forecast period. Signal connectors, fiber optics, and RF connectors are estimated to witness impressive growth rates during the forecast period, driven by the demand for high-performance connectors which are faster, lighter, and have increased functionalities and power efficiencies.
The global aerospace & defense connectors market is segmented based on shape type as circular, rectangular, and others. Circular connector is expected to remain the most dominant type during the forecast period, driven by its preference in a wide array of applications.
North America is projected to remain the largest market for connectors during the forecast period. North America is the manufacturing hub of the aerospace & defense industry with the presence of several large to small OEMs, tier players, and connector manufacturers. Increasing deliveries of Boeing and Bombardier aircraft, high demand for Lockheed Martin F-35, and large aircraft fleet size are the major drivers of connectors market in this region.
Asia-Pacific is expected to witness the highest growth during the forecast period. Commencement of commercial aircraft OEMs’ assembly plants in China, increasing demand for military aircraft; and upcoming indigenous commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ, fueled by increasing passenger traffic are likely to drive the demand for connectors in the region.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2011-2022 |
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Forecast |
5.1% CAGR During 2017-2022 |
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Size in 2022 |
US$ 1,713.2 million |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The US, Canada, Mexico, Germany, France, The UK, Spain, Russia, China, Japan, India, Middle East, Latin America and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The aerospace & defense connectors market is segmented into the following categories.
Some of the dominant players in the global aerospace & defense connectors market are-
Long-term contracts and an advancement in the technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the connectors market in the global aerospace & defense industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 at sales@stratviewresearch.com
The aerospace & defense connectors market size is expected to reach US$ 1,713.2 million in the foreseeable future.
Amphenol Corporation, TE Connectivity, ITT Corporation, Esterline Technologies Corporation, Carlisle Interconnect Technologies, Glenair Inc., Bel Fuse Inc., Smiths Group Plc, Rosenberger Group, and Radiall Inc are among the key players in the aerospace & defense connectors market.
The aerospace & defense connectors market is expected to witness an impressive growth of 5.1% CAGR in the foreseeable future.
Asia-pacific is expected to witness the highest growth in the aerospace & defense connectors market during the forecast period.
North America is expected to remain the largest aerospace & defense connectors market in the coming years.
Signal connector is expected to remain the dominant product type in the aerospace & defense connectors market during the next five years.
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