The aircraft cables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aircraft Cables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft cables market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to aircraft production and fleet expansion, technological advancements, regulatory compliance, regulatory compliance, aging aircraft, maintenance and repairs.
The aircraft cables market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to aircraft modernization, electrification of aircraft, lightweight and advanced materials, connectivity and data transmission, sustainable aviation. Major trends in the forecast period include lightweight materials, high-performance materials, fiber optic cables, safety and reliability, wireless communication integration, shielding and emi/rfi protection.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing demand for the production of new aircraft across the world promotes the growth of the aircraft cable market. Aircraft cables are used to establish an aircraft’s electrical system and to transmit signals into electrical power in commercial aircraft, military aircraft, civil helicopters, and military helicopters. Thus, the increase in demand for aircraft holds a positive effect on the demand for the production of aircraft wires. For instance, in March 2021, according to the International Air Transport Association (IATA), a Canada-based trade association of the world’s airlines, the total number of travelers in 2021 was 47% higher as compared to previous years and is anticipated to rise to 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. According to the forecast by Airbus in 2022, demand for passenger traffic is estimated to grow at 3.6% over the next 20 years, following demand for 39.490 new passenger and freighter aircraft over the period. The increased production of new aircraft will result in an increased demand for 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
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Regional Insights –
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
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Aircraft Cables Market Report Structure
3. Aircraft Cables Market Trends And Strategies
4. Aircraft Cables Market – Macro Economic Scenario
5. Aircraft Cables Market Size And Growth
…..
27. Aircraft Cables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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