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That being said, the long-term scenario still seems remunerative with the buoyant aerospace industry likely to get back on track, backed by strong industry fundamentals coupled with the stakeholders’ acquired ability to manage the crisis. The industry’s rebound is likely to have a mirroring impact on the aerospace wires & cable market, reviving the demand from 2021 onwards, translating to a sale of US$ 0.8 Billion in 2026. Other key factors fueling the growth of the market, in the long run, are rebounding commercial aircraft fleet size, aging aircraft fleet size, increased use of wires & cables in modern aircraft, and fervent efforts towards developing electric aircraft.
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