Opportunities in the global aerospace wiring harness market are expected to reach $847 million by 2024

According to a new market report published by Lucintel, the future of the global aerospace wiring harness market looks promising with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft. The global aerospace wiring harness market is expected to reach an estimated $847 million by 2024 with a CAGR of 1.9% from 2019 to 2024. The major growth drivers for this market are increasing aircraft deliveries and more electrification in newer aircraft.
In this market, XL ETFE (crosslinked Ethylene Tetrafluoroethylene), TKT (Teflon-Kapton-Teflon), PTFE (Polytetrafluoroethylene), and PI (Polyimide) are the major insulation materials used in the wiring harness. XL ETFE will remain the largest segment and it is also expected to witness highest growth over the forecast period due to it’s performance benefits, such as lightweight and heat resistance.
Within the aerospace wiring harness market, commercial aircraft will remain the largest segment and it is also expected to witness highest growth over the forecast period due to the increasing commercial aircraft delivery and growing electrification in newer aircrafts.
Wing, fuselage, empennage, front section, interior, and engine are the major application areas for wiring harness. Wing will remain the largest application. Interior segment is expected to witness the highest growth over the forecast period due to the growing inflight entertainment system in newer aircraft.
North America is expected to remain the largest region due to the presence of leading aircraft OEMs. APAC is expected to witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and the development of new aircrafts.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of lightweight and high heat resistance wires. Safran, Latecoere, and GKN Aerospace are among the major suppliers of aerospace wiring harnesses.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace wiring harness market by aircraft type, application type, insulation material, market type, by ampacity, and region and has come up with a comprehensive research report entitled “Growth Opportunities for in the Global Aerospace Wiring Harness Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace wiring harness market by aircraft type, application type, insulation material, market type, by ampacity, and region as follows:

By Aircraft Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft

By Application Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
• Wing
• Fuselage
• Empennage
• Interior
• Front Section
• Engine
By Market Type [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
• OEM
• Aftermarket

By Insulation material [Value ($M) and Volume (Million ft.) from 2013 to 2024]:
• XL ETFE
• TKT
• PTFE
• PI
• Others
By Ampacity [Value ($M) for 2018]:
• 0 to 10 AWG
• 11 to 20 AWG
• 21 to 30 AWG
By Region [Value ($M) and volume (Million ft.) from 2013 to 2024]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This 163 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Aerospace Wiring Harness Market, Aircraft Wire and Cable Market, Due Diligence, Capital Investment Analysis and SWOT Analysis.

This report answers the following 10 key questions:
Q.1 What are some of the most promising, high-growth opportunities in the global aerospace wiring harness market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft), by application (wing, fuselage, empennage, interior, front section, and engine), by market type (OEM and aftermarket), by insulation material (XL ETFE, TKT, PTFE, PI and others), by ampacity (0 to 10 AWG, 11 to 20 AWG, 21 to 30 AWG), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What M&A activity has occurred in the last 5 years?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
+1-972-636-5056
marketing@lucintel.com

This release was published on openPR.