Aircraft Wiring Harness Market is Forecasted to Reach US$ 1.8 billion in 2028, Says Stratview Research

The global aircraft wiring harness market is projected to witness a growth rate of 9.2% annually from 2023 to 2028, with an anticipated size of US$ 1.8 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft wiring harness market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1893/aircraft-wiring-harness-market.html#form

Report Highlights:
Market Size in 2028: US$ 1.8 billion
Growth (CAGR): 9.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Wiring Harness Market:
The global aircraft wiring harness market is segmented based on platform type, application type, insulation material type, purpose type, product type, end-user type, and region.

Based on platform type - The aircraft wiring harness 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, driven by a host of factors including snowballing commercial aircraft deliveries, the introduction of fuel-efficient commercial aircraft, and a growing aircraft fleet size.

Based on the application type - The market is segmented into avionics, interiors, propulsion system, airframes, and others.
The interior application held the dominant share of the market in 2022 and is also expected to experience the highest growth during the forecast period. The increasing focus of airliners on improving the passenger travel experience and the modernization of existing fleets with new IFE systems are the major factors driving the growth of the interior segment.

Based on the insulation material type - The market is segmented as XL ETFE (Cross-Linked Extruded Ethylene Tetrafluoroethylene), TKT (Teflon-Kapton-Teflon), PTFE (Polytetrafluoroethylene), PI (Polyimide), and others.
PTFE is expected to remain the most preferred insulation material type in the market, driven by its exceptional properties, such as extreme temperature resistance (-200°C to 300°C), chemical inertness, low-dielectric constant, low coefficient of friction, and excellent FST properties.

Based on the end-user type - The aircraft wiring harness market is segmented into OE and aftermarket based on the end-user type.
OE is estimated to remain the sole source of demand for wiring harnesses in the foreseeable future. The aftermarket holds a negligible share of the market. Wires & cables (or harnesses) do not need to be replaced because their life span is almost the same as the aircraft's life.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1893/aircraft-wiring-harness-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft wiring harnesses during the forecast period. This growth outlook is majorly attributed to the following-
- The region is dominated by the USA, owing to the presence of major aircraft OEMs, wiring harness suppliers, airlines, and MRO companies.
- Asia-Pacific is expected to witness the highest growth during the forecast period, driven by the assembly plants of Boeing and Airbus in China, increasing procurement of military aircraft, rising aircraft fleet size, and the upcoming indigenous aircraft program C919.
- China, Japan, and India are the growth engines of the region's market.

Aircraft Wiring Harness Market Drivers:

Some of the key drivers listed in the report are given below.
- An expected increase in the production rate of key programs (A320neo, B737 Max, A220, B787, and A350XWB), the introduction of new aircraft programs (C919, MC-21, B777x, etc.), increasing investments in electrical aircraft, and increasing use of wires & cables in modern aircraft are some of the key factors driving the demand for the wiring harness.

Top Companies in the Aircraft Wiring Harness Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Safran S.A.
• Latécoère
• GKN Aerospace (Part of Melrose PLC)
• Ducommun Incorporated
• Carlisle Companies Inc.
• Amphenol Corporation
• Glenair

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Wiring Harness Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Harsh Harness Market: https://www.stratviewresearch.com/1894/aircraft-harsh-harness-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.