$757.5 Million Worldwide Aircraft Wire and Cable Industry - Impact of COVID-19 on the Market - PRNewswire

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DUBLIN, Feb. 10, 2021 /PRNewswire/ -- The "Aircraft Wire and Cable - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 277-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Aircraft Wire and Cable Market to Reach $1 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Wire and Cable estimated at US$757.5 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Harness, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$408.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wire segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $205.4 Million, While China is Forecast to Grow at 7.3% CAGR

The Aircraft Wire and Cable market in the U.S. is estimated at US$205.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$212.8 Million by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Cable Segment to Record 4.5% CAGR

In the global Cable segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$153.2 Million in the year 2020 will reach a projected size of US$202.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$139.4 Million by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.

Competitors identified in this market include, among others:

A. E. Petsche, An Arrow Company
AMETEK, Inc.
Amphenol Corporation
Carlisle Companies, Inc.
Leviton Manufacturing Co., Inc.
PIC Wire & Cable
Radiall Ltd.
TE Connectivity
W. L. Gore & Associates, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Aircraft Wire and Cable: An Introductory Prelude
Wire and Cable Constitute Important Components of Aircraft Electrical System
A Snapshot of Wire and Cable Applications in Modern Aircraft
Typical Aircraft Wiring: Designation & Composition of Aircraft Wires
Bright Prospects Ahead for Aircraft Wire and Cable Market
Prevailing Scenario in the World Aircraft Industry Points Towards Robust Growth Opportunities
Ongoing Expansion in Commercial Airline Fleet Size Infuses Healthy Demand
Global Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2019 & 2029
Global Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
World Passenger Traffic (in RTK) and Cargo Traffic (in FTK) for Years 2016, 2017 and 2018
Progressive Momentum in Business Jet Segment Amplifies Opportunities
Approximately 8,500 Private Jets to be Delivered over the 10-Year Period Starting from 2019: Annual Worldwide Private Jet Deliveries for Years 2018 through 2028
Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
Global Military Spending (in US$ Billion) for the Years 2013 through 2023
Rise of UAVs Instigates New Wave of Growth
World Unmanned Aerial Systems (UAS) Market in US$ Million by Application for Years 2019 & 2025
Percentage Breakdown of World UAV Production (Value) by Region for Years 2019 & 2025
Global Competitor Market Shares
Aircraft Wire and Cable Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Vital Role of Avionics in Modern Aircraft Makes Aircraft Wire & Cable Solutions More Important Than Ever Before
Wider Deployment of Modular Avionics Systems Creates Ample Opportunities
Progressive Trend in Avionics Sector Accentuates Overall Demand
World Avionics Revenues (in US$ Billion) by Region for Years 2019 & 2025
Advancements in Aircraft Flight Control Mechanism Seek Sophisticated Wire & Cable Solutions
Uptrend in Aircraft Exterior & Interior Lighting Segments Instigates Massive Growth Momentum
Aircraft Exterior Lighting: Guided by Visibility Requirements
Increased Spending on Sophisticated Cabin & Cockpit Lighting Widens Opportunities for Aircraft Interior Lighting
Sustained Emphasis on Aircraft eEnablement Set to Alter Market Dynamics
Aviation Automation: Another Modern Aircraft Concept Infusing Robust Momentum
Cockpit Remains the Primary Focus Area in Aircraft Automation Strategies
Novel Wire and Cable Solutions Gain Traction Amid Growing Complexity in Data-Centric Architecture of Modern Aircraft
Sophisticated 3G-SDI Cables Come to Fore to Address HD Display & Video Needs
USB Cable: A High Growth Segment
Ever-Growing Aircraft Rewiring Needs Drive Demand for Aftermarket Solutions
Healthy Trajectory in MRO Services Domain Boosts Market Prospects
Current MRO Market Trends Across Various Geographic Regions
Breakdown of World MRO Services Market (in US$ Billion) by Service Area for Years 2019 & 2029