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Aircraft EWIS Market Growth Analysis | 2023-2028
Aircraft EWIS Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The aircraft EWIS market is likely to grow at a healthy CAGR of 9.5% during 2023-2028 to reach an estimated value of USD 3.1 billion in 2028.
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EWIS stands for Electrical Wiring Interconnect System or electrical wiring interconnection system. It is installed in any area of an aircraft for transmitting electrical energy between two or more intended termination points. EWIS is responsible for ensuring that systems keep functioning even in case of a fault, such as a bundle fire, connector failure, or other external failures that can break signal continuity.
Covid-19 Impact
The sudden outbreak of the COVID-19 pandemic deepened the industry’s challenges with several bankruptcies, huge COVID-related costs leading to negative cash flows, and supply-chain disruption. Mirror effects of these challenges were also witnessed in the demand for EWIS, which recorded a colossal decline of 39.2% in 2020. The market further declined in 2021, followed by a good recovery from 2022 onward.
The major factors driving the growth of the aircraft EWIS market are:
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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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 EWIS market.
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Platform-Type Analysis |
Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopters |
Commercial aircraft is the biggest demand generator among all platform types during the forecast period. |
|
Application-Type Analysis |
Avionics, Interiors, Propulsion System, Airframe, and Others |
Among all aircraft EWIS application types, the interior category is expected to be dominant as well as the fastest-growing application type in the market over the next five years. |
|
Product-Type Analysis |
Built-to-Print and Built-to-Spec |
Built-to-print is expected to remain dominant, whereas built-to-spec is likely to be the fastest-growing product type over the next five years. |
|
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 in the market over the next five years. |
|
End-User-Type Analysis |
OE and Aftermarket |
OE remains the dominant and faster-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 expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate. |
The aircraft EWIS 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. The increasing production rate of various commercial aircraft is the major factor behind the exceptional growth in the commercial aerospace category. Boeing, in its recent commercial market outlook 2022-2041, predicted the deliveries of 41,170 commercial and regional aircraft in the next twenty years, assuring progressive growth in the long term.
The market is segmented into avionics, interiors, propulsion systems, airframes, and others. The interior segment held the dominant position in 2022 and is expected to grow at the fastest pace during 2023-2028. The increased focus of airlines on enhancing passenger experiences and the upgradation of the existing fleet with new IFE systems are the major factors behind the dominance of the interior segment.
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The aircraft EWIS market is segmented into OE and aftermarket based on the end-user type. OE is estimated to remain the sole source of demand for EWIS in the foreseeable future. The aftermarket holds a negligible share of the market. EWIS 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 EWIS during the forecast period. The USA is the growth engine of the region’s market, with the presence of major aircraft OEMs, tier players, EWIS players, and MRO companies. Most of the major players in the EWIS market have their presence in the region to cater to the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is likely to witness the highest growth during 2023-2028. The region’s market is majorly driven by the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus in China for multiple programs; increasing production and procurement of military aircraft owing to the rising defense budget and growing territorial disputes among key economies; and the upcoming indigenous aircraft program C919. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific market.
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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:
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 EWIS market is segmented into the following categories.
By Platform Type
By Application Type
By Product Type
By Purpose Type
By End-User Type
By Region
Click Here, to learn the market segmentation details.
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EWIS stands for Electrical Wiring Interconnect System or electrical wiring interconnection system. It is installed in any area of an aircraft for transmitting electrical energy between two or more intended termination points. EWIS is responsible for ensuring that systems keep functioning even in case of a fault, such as a bundle fire, connector failure, or other external failures that can break signal continuity.
The aircraft EWIS market is likely to reach an estimated value of USD 3.1 billion in 2028.
The aircraft EWIS market is likely to grow at a CAGR of 9.5% during 2023-2028.
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 market.
North America is estimated to remain dominant in the market in the foreseeable future, due to the presence of a large number of aircraft OEMs, tier players, and aircraft EWIS manufacturers in the region.
Asia-Pacific is estimated to remain the fastest-growing market for aircraft EWIS in the foreseen future, owing to the opening of Boeing and Airbus’ assembly facilities in China. A high focus on the development of aircraft indigenously by major Asian economies is adding a stir to the region's demand for EWIS.
Interiors are estimated to remain the dominant application type in the market, during the forecast period. The desire to improve passenger travel experiences and upgrade current airplanes with new electrical wiring systems is triggering the growth of interior applications.
The major factors driving the growth of the market are driven by an expected rise in the production rate of key programs, the entry of programs (B777x, C919, and MC-21), an expected rise in the aircraft fleet size, increasing investments in electrical aircraft, and increasing use of wires & cables in modern aircraft.
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