Aircraft Connectors Market Report

Market Insights

The Aircraft Connectors Market is estimated to grow from USD 4.72 billion in 2020 to USD 6.48 billion by 2026 at a healthy CAGR of 6.5% during the forecast period.

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What is Aircraft Connectors?

A connector could be a device that connects electrical terminations to form an electrical device. Connectors offer the means of linking cables to transmitting or receiving equipment. Aircraft connectors help to integrate functions on an aircraft like avionics, airframe, and power systems. These connectors have multipin which interconnects with contact housings & contact interface geometries. Aircraft connectors are developed to supply solutions for the present generation of aircraft.

Market Drivers

The Aircraft Connectors market is mainly driven by surging demand for aircraft worldwide, improving flight safety, and the production of advanced avionics systems. Also, the need for vibration-free & reliable connectors further boosted the product demand. Moreover, these connectors find widespread usage across user power systems, aircraft lighting, seat actuator, and intelligent peripheral devices of power ranging from low to high. Furthermore, a strong increase in the procurement of military & defense aircraft further bolstered the industry growth during the forecast timeline.

Covid-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted the aircraft connectors industry mainly due to lockdowns imposed by the governments around the world to prevent the spread of COVID-19. The lockdown & travel restrictions have significantly affected the aviation industry as the global air travel was restricted. Furthermore, due to the lockdown, aircraft manufacturing was disrupted thus affecting the demand for aviation connectors.

Segments' Analysis

Type Trends

Based on type, the aircraft connectors market has been classified into PCB connectors, fiber optic connectors, high power connectors, high-speed connectors, RF connectors, others. The fiber optic connectors segment accounted for the largest market share in 2020. This is mainly attributed to the growing need for fiber optics aviation connectors for data transmission at higher speeds and its usage in the latest telecommunication technologies such as the FTTx application.

Regional Trends

By region, the North American Aircraft Connectors market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The Aircraft Connectors market growth is mainly propelled by mainly due to the presence of major aircraft manufacturers as well as aircraft avionics system manufacturers in the region. Also, increasing air travel rate, growing aircraft expenditure, and stringent standards for aircraft electronics. further boosts the regional market growth.

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The Asia-Pacific Aircraft Connectors market is expected to grow at a healthy CAGR during the review period. The regional growth is ascribed to the demand for experimental aircraft, business jets, commercial, and military aircraft in India, China, and Japan. Furthermore, India is likely to witness the soaring demand for aviation connectors in military & aerospace avionics systems, thereby bolstering the regional market growth.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global aircraft connectors market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the aircraft connectors market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the aircraft connectors market?
• What are the key strategies adopted by the major vendors to lead in the aircraft connectors market?
• What is the market share of the top vendors?

Key Players

Key players operating in the Aircraft Connectors Market are-

• Amphenol Corporation (US)
• TE Connectivity Ltd. (Switzerland)
• SOURIAU SAS (France)
• Radiall SA (France)
• ITT Inc. (US)
• Cooper Industries (Eaton Corporation) (US)
• Smiths Interconnect Inc. (Smiths Group PLC) (US)
• Rosenberger Group (Germany)
• Carlisle Interconnect Technologies (Carlisle Companies Inc.) (US)
• Conesys Inc. (US)

Target Audience

The target audience of Aircraft Connectors Market includes-

• Aircraft Connectors Vendors
• Aircraft Connectors Manufacturers
• Aircraft Connectors Distributors
• Organizations
• Government Bodies.

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