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Soaring Demand For New Aircraft Drives Growth In The Aircraft Cable Market: Strategic Insights Driving Aircraft Cables Market Momentum in 2025
Aircraft Cables
How Large Will the Aircraft Cables Market Size By 2025?
There has been substantial growth in the market size of aircraft cables in the past few years. The market is projected to rise from $4.67 billion in 2024 to $5 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historic period include the expansion and production of aircraft fleets, advances in technology, adherence to regulatory compliance, aging of aircraft, as well as maintenance and repair needs.
How Big Is the Aircraft Cables Market Size Expected to Grow by 2029?
Significant growth is predicted for the aircraft cables market in the coming years, with the market expected to expand to $6.77 billion by 2029, representing a compound annual growth rate (CAGR) of 7.9%. This growth during the projected period can be linked to improvements in aircraft technology, airship electrification, sophisticated lightweight materials, communication connectivity, and data transmission as well as the ongoing quest for sustainable aviation. The forecast period is set to witness new trends like the use of lighter yet stronger materials, the incorporation of fiber optic cables, a higher focus on safety and reliability, integration of wireless communication technology, and reinforced shielding for EMI/RFI protection.
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Which Key Market Drivers Powering Aircraft Cables Market Expansion and Growth?
The surge in global demand for new aircraft production is fostering the expansion of the aircraft cable market. Aircraft cables, which are integral for setting up an aircraft's electrical system and converting signals into electrical power, are utilized in commercial and military aircraft, as well as civil and military helicopters. Hence, a rise in aircraft demand positively impacts the demand for the manufacturing of aircraft wires. For instance, the Canada-based International Air Transport Association (IATA) reported in March 2021, an expected surge in the total number of travelers by 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Additionally, Airbus' 2022 forecast predicts a 3.6% growth in passenger traffic over the next two decades, prompting a demand for 39,490 new passenger and freighter aircraft during this time. This increased production of new aircraft implies a consequent elevation in the demand for the aircraft cables market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aircraft Cables Market?
Top firms in the aircraft cables market are concentrating on creating advanced technological solutions such as next-generation high-voltage aircraft cables to meet numerous critical industry requirements. These next-generation high-voltage aircraft cables are sophisticated electrical cables constructed to accommodate the increased power needs of current and forthcoming aircraft systems, especially those that are electric and hybrid-electric. Nexans S.A., a French automation corporation, for example, introduced a new line of next-generation high-voltage cables in June 2023. These cables were developed to aid the aerospace industry's efforts to achieve carbon neutrality by 2050. They boast superior power density, operate without any partial discharge, and have a broad voltage range from 600V to 6,000V, which makes them 20 times more effective than ordinary aircraft cables. Nexans is also committed to eco-friendliness, and is zeroed in on reducing the ecological footprint of its products by utilizing innovative materials and low-carbon solutions. This is part of its contribution towards making the aerospace sector more eco-conscious.
What Are the Emerging Segments in the Aircraft Cables Market?
The aircraft cables market covered in this report is segmented -
1) By Type: Stainless Steel Material, Galvanized Steel Material
2) By Aircraft Type: Military Aircraft, Civil Aircraft
3) By Sales Channel: After market, Original Equipment Manufacturer (OEM)
4) By Application: General Aviation, Airliner, Business Aircraft, Other Applications
Subsegments:
1) By Stainless Steel Material: 302 Stainless Steel, 304 Stainless Steel, 316 Stainless Steel
2) By Galvanized Steel Material: Zinc-Coated Galvanized Steel, Hot-Dipped Galvanized Steel
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Who Are the Global Leaders in the Aircraft Cables Market?
Major companies operating in the aircraft cables market include TE Connectivity, Amphenol Corporation, AMETEK Inc., Loos and Co. Inc., Radiall SA, Pic Wire and Cable, W.L. Gore and Associates Inc., A.E.Petsche, Arrow Electronics Inc., Collins Aerospace, Harbour Industries LLC, Leviton Manufacturing Co. Inc., Specialty Wire and Cord Sets Inc., Interconnect Cable Technologies Corp., Aerospace Wire and Cable Inc., Lexco Cable Manufacturing, WireMasters Inc., Carl Stahl Sava Industries Inc., Glenair Inc., PPG Industries Inc., Crane Aerospace & Electronics, AeroControlex Group Inc., Aero-Electric Connector Inc., Amphenol Corporation, B/E Aerospace Inc., Carlisle Companies Inc., Dassault Aviation SA, Ducommun Incorporated, Esterline Technologies Corporation, GKN Aerospace, Honeywell International Inc., ITT Inc., L3Harris Technologies Inc., Meggitt plc, Moog Inc., Parker Hannifin Corporation, RTX Corporation, Safran SA, Senior plc, Spirit AeroSystems Holdings Inc., Triumph Group Inc.
Which are the Top Profitable Regional Markets for the Aircraft Cables Industry?
North America was the largest region in the aircraft cables market in 2023. The regions covered in the aircraft cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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