Aircraft Connectors Market Growth Analysis | 2024-2030

Market Insights

The aircraft connectors market was estimated at USD 5.7 billion in 2023 and is likely to grow at a CAGR of 6.67% during 2024-2030 to reach USD 8.97 billion in 2030.

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Market Dynamics

Introduction

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.

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.

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.

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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)

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

Based on type, the aircraft connectors market has been classified into PCB connectors, fiber optic connectors, high power connectors, high-speed connectors, RF connectors, and others. The fiber optic connectors segment accounted for the largest market share in 2023. 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 Insights

By region, the North American market accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the review period. The aircraft connectors market growth is mainly propelled by the presence of major aircraft manufacturers as well as aircraft avionics system manufacturers in the region. Also, increasing air travel rate, growing aircraft expenditures, and stringent standards for aircraft electronics. further boosts the regional market growth.

The Asia-Pacific 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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects aircraft connectors market realities and future market possibilities for the forecast period.
• 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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, Service 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 the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aircraft connectors market is segmented in the following ways:

By Type

• PCB Connectors
• Fiber Optic Connectors
• High Power Connectors
• High Speed Connectors
• RF Connectors
• Others

By End Use Type

• Commercial
• Business Jets
• Military
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

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 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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