Opportunities for the global aerospace avionics wiring harness market to reach $103.8 million by 2023

According to a new market report published by Lucintel, the future of the global aerospace avionics wiring harness market looks promising with opportunities in commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopters. The global aerospace avionics wiring harness market is expected to reach an estimated $103.8 by 2023 with a CAGR of 2.4% from 2018 to 2023. The major growth drivers for this market are ease of maintenance and assembly of wiring harnesses, the importance of safety, and increasing deliveries of aircraft.
In this market, commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopters are the segments by aircraft type. Lucintel forecasts that commercial aircraft is expected to remain the largest segment due to increase in the deliveries of commercial aircraft and development of aircraft, such as A350, A380, A320Neo, and C919. On the basis of its comprehensive research, Lucintel forecasts that the commercial aircraft segment will show above average growth during the forecast period.
Within the global aerospace avionics wiring harness market, XL ETFE is expected to remain the largest segment and witness the highest growth by insulation type, as it is used in most of the commercial aircraft wiring harnesses.
There are four main applications of avionics wiring harnesses: communication network and navigation, display systems, control systems, and radar & surveillance. The share of communication network and navigation is highest in 2017 as this is the major part of avionics and there are many communication devices in a cockpit.
North America is expected to remain the largest region during the forecast period due to having the highest number of aircraft deliveries and highest level of production in this region. APAC is expected to witness the highest growth during the forecast period due to development of new aircraft, such as C919 and MRJ. OEMs like Airbus and Boeing are shifting their production bases to lower-cost countries, including China, India, Malaysia, Singapore, and others, in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of crosslinked Tefzel insulated wire and integration and digitization of avionics using advanced wires. Safran Electrical & Power, Latecoere, and GKN Fokker are among the major suppliers of avionics wiring harnesses.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global avionics wiring harness market by aircraft type, insulation, ampacity, application and region and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Aerospace Avionics Wiring Harness Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace avionics wiring harness market by aircraft type, ampacity, application, insulation and region as follows:

By Type (Value ($ million) from 2012 to 2023):
• Commercial Aircraft
• Military Aircraft
• General Aviation
• Regional Aircraft
• Helicopters
By Ampacity (Value ($ million) for 2017):
• 0-10 AWG
• 11-20 AWG
• 21-30 AWG
By Application (Value ($ million) for 2017):
• Communication Network and Navigation
• Display System
• Control System
• Radar and Surveillance
By Insulation (Value ($ million) from 2012 to 2023):
• XL ETFE
• PI
• PTFE
By Region (Value ($ million) from 2012 to 2023):
• North America
• Europe
• Asia Pacific
• The Rest of the World
This 121 - page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Aerospace Report, Defense Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

This report answers the following 10 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global aerospace avionics wiring harness market by aircraft type (Commercial Aircraft, Military Aircraft, General Aviation, Regional Aircraft, and Helicopter), ampacity (0-10 AWG, 11-20 AWG, and 20-30 AWG), application (Communication Network and Navigation, Display System, Control System, and Radar and Surveillance), insulation (XL ETFE, PI, and PTFE), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What M&A activity has occurred in the last 5 years?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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+1-972-636-5056
marketing@lucintel.com

This release was published on openPR.