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Future of the Aircraft Cables Market: Trends, Innovations, and Key Forecasts Through 2034
Aircraft Cables Market
Aircraft Cables Market Size Growth Forecast: What to Expect by 2025?
The market size for aircraft cables has seen robust growth in the past few years. It is expected to expand from a value of $4.67 billion in 2024 to $4.94 billion in 2025, recording a compound annual growth rate (CAGR) of 5.9%. Factors such as heightened aircraft manufacturing and fleet development, advances in technology, adherence to regulations, aircraft aging, alongside maintenance and repair operations, have influenced the growth trend during the historic period.
How Will the Aircraft Cables Market Size Evolve and Grow by 2029?
In the coming years, the aircraft cables market is anticipated to witness significant expansion. The market is projected to increase to $6.59 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. Factors attributable to the growth during the predicted period include modernization of aircraft, aircraft electrification, the use of lightweight and superior materials, improved connectivity and data transmission, and sustainable aviation. The major trends expected during this period include the use of lightweight materials, high-performance materials, fiber optic cables, increased safety and reliability, the integration of wireless communication, and shielding and electromagnetic interference/radio frequency interference protection.
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What Drivers Are Propelling the Growth of Aircraft Cables Market Forward?
The aircraft cable market's growth is being fueled by a worldwide surge in the demand for new aircraft production. These cables serve a critical function in setting up an aircraft's electrical system and converting signals into electrical power in various aircraft types, including commercial and military aircraft, as well as civil and military helicopters. As the need for aircraft rises, so does the demand for the production of aircraft wires. For example, the International Air Transport Association (IATA), a Canada-based global airlines trade association, predicted in March 2021 that total traveler numbers will grow by 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Airbus, in its 2022 forecast, predicts that over the next two decades, passenger traffic demand will grow at a rate of 3.6%, equating to a demand for 39.490 new passenger and freighter aircraft during this time. This rise in new aircraft production will boost aircraft cable market demand.
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What Are the Key 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: Aftermarket, 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 Key Players Shaping the Aircraft Cables Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Aircraft Cables Market?
North America was the largest region in the aircraft cables market in 2024. 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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