Press release
Aircraft Wire and Cable Market to Witness Robust Expansion by 2028
The global aircraft wire and cable market is anticipated to grow at a CAGR of 5.9% during the forecast period. Digitalization improves the work operations in the cockpit and eases pilot functions. It also provides immediate and future benefits to airlines for flight operations involved at each stage. Thus, owing to the rising digitalization in the aircraft industry, the key market players are increasingly involved in adopting various strategies such as partnerships and collaboration with technology companies to bring digitalization to the aviation industry. For instance, in November 2021, Airbus, partnered with FPT Software Ltd., a software services company to introduce innovative solutions and accelerate digital transformation in the aviation industry. FPT Software Ltd. provides a new set of solutions on Airbus's open data platform and leveraging the capabilities in AI, ML, cloud, and others. Through this partnership, both companies are expected to support more than 140 airlines and 9,500 commercial aircraft globally. Moreover, due to digitalization apps, services, and documents defining the future flight deck are becoming more accessible to pilots. Cable and wires are required to connect these digital systems in every aircraft section, thus it driving the overall aircraft wire and cable market.To Request a Sample of our Report on Aircraft Wire and Cable Market: https://www.omrglobal.com/request-sample/aircraft-wire-and-cable-market
Furthermore, the growing requirement for electrification to reduce higher fuel costs and carbon emissions is another factor fueling the aircraft wire and cable market growth. Key players are launching cables according to the requirements of the electric aircraft industry further supporting the market growth. For instance, in November 2021, W. L. Gore & Associates launched GWN3000 Series, GORE high-performance aerospace wires. The product is recognized in the 2021 Military & Aerospace Electronics Technology Innovators Awards. The GWN3000 series provides a higher level of mechanical and electrical performance over time in current and next-gen aircraft and the series ensures electrical wire interconnection systems reliability, improves safety and reduces total lifecycle costs.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Type
By Aircraft Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Draka UK Ltd., Glenair, Inc., Harbour Industries, LLC, Leviton Manufacturing Co., Inc., Loos & Co., Inc., Miracle Electronics Devices Pvt. Ltd., and others.
A full Report of Aircraft Wire and Cable Market is Available @ https://www.omrglobal.com/industry-reports/aircraft-wire-and-cable-market
Aircraft Wire and Cable Market Report Segment
By Application
Power Transfer
Data Transfer
Flight Control Systems
Avionics
Lighting
By Type
Wire
Cable
Harness
By Aircraft Type
Civil Aircraft
General Aviation Aircraft
Commercial Passenger & Cargo Aircraft
Civil Helicopters
Military Aircraft
Aircraft Wire and Cable Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AMETEK, Inc.
Amphenol Corp.
Arrow Electronics, Inc.
Axon Enterprise, Inc.
Carlisle Companies Inc
DBA Lexco® Cable
Draka UK Ltd.
Glenair, Inc.
Harbour Industries, LLC
Leviton Manufacturing Co., Inc.
Loos & Co., Inc.
Miracle Electronics Devices Pvt. Ltd.
NEXANS
Radiall SA
Raytheon Technologies
TE Connectivity Ltd.
Tyler Madison, Inc.
The Angelus Corp
L. Gore and Associates, Inc.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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