Aerospace and Defense

According to a new market report published by Lucintel, the future of the global aerospace wiring harness market looks promising with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. The global aerospace wiring harness market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $823.7 million by 2025 with a CAGR of 0.5% to 2.0% from 2020 to 2025. The major growth drivers for this market are increasing electrification in aircraft and deliveries of aircraft.

 

In this market, wing is the major applications of wiring harness in the global aerospace wiring harness market. On the basis of its comprehensive research, Lucintel forecasts that the wing will remain the largest application over the forecast period. The major insulation used in wiring harness includes XL ETFE, TKT (Teflon-Kapton-Teflon), Polytetrafluoroehtylene (PTFE), Polyimide (PI), and Others. Increased focus on weight reduction, heat resistance and fuel efficiency by aircraft manufacturers has augmented the use of XL ETFE insulation in wiring harness.

 

North America is expected to remain the largest region due to largest number of aircraft OEMs in this region. APAC is expected to witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and development of new aircraft. 

 

Emerging trends, which has a direct impact on the dynamics of the industry, includes integration of data network using wires and usage of optical fiber for digitization. Safran, Latecoere, and GKN Aerospace are among the major of aerospace wiring harness. 

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace wiring harness market by aircraft type, application type, insulation, market type, and region and has come up with a comprehensive research report entitled “Growth Opportunities for in the Global Aerospace Wiring Hanress Market 2018-2025: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace wiring harness market by aircraft type, application, insulation, market type, and region as follows: 

 

By Aircraft Type [Value ($M) and Volume (Million ft.) from 2014 to 2025]:

By Application Type [Value ($M) and Volume (Million Ft.) from 2014 to 2025]:

By Market Type [Value ($M) and Volume (Million Ft.) from 2014 to 2025]:

By Insualtion [Value ($M) and Volume (Million Ft.) from 2014 to 2025]:

By Region [Value ($M) and volume (Million Ft.) from 2014 to 2025]:

This 163 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 click on this link https://www.lucintel.com/aerospace-wiring-harness-market.aspx or helpdesk@lucintel.com. 

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer 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.