Europe Aircraft Wiring Harness Market Showing Impressive Growth by 2030 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

The Europe Aircraft Wiring Harness Market is expected to grow from US$ 582.66 million in 2022 to US$ 944.33 million by 2030. It is estimated to register a CAGR of 6.2% from 2022 to 2030.

The demand for airline maintenance, repair, and operations (MRO) services has been increasing with the rapidly growing aviation industry over the past few years. Emerging economies are highly focused on extending MRO services to military as well as commercial aircraft companies. Major aircraft MRO companies include GE Aviation; AAR Corp.; Safran SA.; and MTU Maintenance. Heavy spending on aviation infrastructure, economic growth, and increase in passenger count are a few factors propelling the adoption of aircraft maintenance services.

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The European airline industry remains the second largest worldwide as the region has a few of the largest and busiest airports, including Heathrow Airport, Charles de Gaulle Airport, Frankfurt Airport, and Royal Amsterdam Airport Schiphol. Also, Lufthansa, Ryanair, IAG, easyJet, and Air France-KLM are the prominent airline companies and leading contributors to the aircraft wiring harness market in Europe.

According to the British aviation group, as of February 2023, new construction has increased at airports throughout the UK in recent months due to the initiation of expansion and restoration projects. Proposals to reopen Manston Airport in Kent are about to get underway, and proposals for major extensions at London City and Southampton airports are moving forward. Bristol Airport's significant expansion received the all-clear signal. Thus, the expansion of airports in Europe will propel the growth of the aircraft wiring harness market in the region. Germany is a prominent commercial aviation centre. The country is home to several major aircraft manufacturers, including Airbus, Nexin, and Lufthansa. The expansion of the commercial aviation industry is boosting demand for aircraft wire harnesses, as each aircraft requires hundreds of harnesses to link its electrical systems. Several regional players collaborated to design and build an integrated and certifiable electrical wiring interconnection system (EWIS) solution.

For instance, in January 2023, Lilium N.V. (the developer of the all-electric vertical take-off and landing plane) and GKN Aerospace (the world's leading developer of sustainable aerospace technology) agreed to collaborate on the design and development of an integrated and certifiable EWIS solution. GKN Aerospace will construct the EWIS hardware sets in the Netherlands and help Lilium with on-site installation into the Lilium Jet at Lilium's final assembly line in Oberpfaffenhofen, Germany. Such collaborations in Germany will propel the growth of the Aircraft Wiring Harness market.

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