Press release
Aviation Connectors in Asia Pacific Region is Witnessing A High Growth and is Anticipated to Dominate the Market Share in Terms of Revenues
The market is driven by the need for modern avionic systems. Increasing concerns over flight safety, and reducing operational & maintenance cost have led to the need for modern aviation connectors. The circular connectors anticipated to witness higher growth due to the increasing demand for connectors from 3C application (computers, communications, and consumer electronics) in the aviation sector, and increasing demand for advanced features, convenience, and connectivity products. The fixed wing is anticipated to witness higher growth due to the increase in air passenger traffic across the globe and upgradation of aircraft, which is leading to the increase in demand for fixed wing commercial aircraft. Hence, this will result in the growth of aviation connectors market for fixed wing.
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Additionally, the market growth is also anticipated to be emphasized with manufacturers determined to enhance these aviation connectors product or adding them in their already existing products with an aim to attract new customers and enhance their consumer base. High investment in research and development aimed at product innovation and gain competitive edge over other competitors is driving the market in the region.
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Manufacturers are highly on expanding their market share in the Asia Pacific region attributed to the growing demand for aviation connectors with the industry growth in this region. Some of the major players operating in the aviation connectors market include Eaton Corporation, ITT Corporation, Smiths Group PLC, Radiall, Rosenberger Group, TE Connectivity, Amphenol Corporation, Carlisle Group and Bel Fuse Inc. among others.
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