08-Oct-2020 | Zion Market Research
As per Zion Market Research, the global aircraft wire and cable market was valued at USD 740 million in 2019 and is predicted to cross USD 1,500 Million by 2026, with a CAGR of more than 6%. Elevated number of orders for new aircraft all over the world and renovation of the current aircraft are the major factors that are predicted to power the aircraft wire and cable market in the coming period. The market has been divided based on application, type, aircraft type, fit, and region.
Rockwell Collins, TE Connectivity, Pic Wire & Cable, and Carlisle Companies are some of the key companies that have a huge distribution channels and geographical reach.
The Aircraft Wire Section Is Expected To Develop At The Max Speed During The Coming Period
By type, the aircraft wire and cable market has been divided into aircraft harness, aircraft cable, and aircraft wire. The aircraft wire section is expected to develop at the max speed during the coming period. The development of the aircraft wire section can be credited to the rise in requirement for more electric and fly-by-wire aircraft wherein traditional hydraulic, actuators, and pneumatic systems are converted to electromechanical systems.
The Lighting Section Is Predicted To Develop Owing To The Rising Requirement For New Aircraft
By application, the aircraft wire and cable market has been divided into avionics, lighting, flight control system, power transfer, data transfer, and others. The lighting section is predicted to develop owing to the rising requirement for new aircraft. Therefore, the rise in commercial air travel all over the world and the increasing defense budgets of prominent nations are predicted to power the requirement for aircraft cables and wires.
North America Is Predicted To Dominate The Global Aircraft Wire And Cable Market
North America is predicted to dominate the aircraft wire and cable market, due to the attendance of major aircraft makers, such as Bombardier and Boeing. These firms have noteworthy new aircraft orders, which are predicted to power the global market for aircraft wire and cable. The aircraft wire and cable market in Asia Pacific is expected to develop at the max speed during the coming period, due to new emerging aircraft makers in China, Russia, India, and Japan.
Browse the full “Aircraft Wire and Cable Market - by Application (Data Transfer, Power Transfer, Avionics, Flight Control System, and Lighting), by Type (Wire, Harness, and Cable), by Aircraft Type (Military and Civil), by Fit (Retrofit and Linefit), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/aircraft-wires-cables-market
The global aircraft wire and cable market is segmented as follows:
By Aircraft Type
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