The aircraft wiring harness market size is projected to reach US$ 3.99 billion by 2030 from US$ 2.36 billion in 2022. The market is expected to register a CAGR of 6.8% during 2022–2030. Integration of smart technologies is likely to remain a key trend in the market.
Wire harness manufacturers build incredibly complex electrical harnesses and harness assemblies that enable the operation and control of almost every component of the aircraft, from the fuselage harness to the power distribution assembly. These assemblies are widely utilized in applications where dense wiring and complex electronics are necessary.
When building the aviation wire harness assembly, high-performance cables and wires that are resistant to flames or most fuels, solvents, or lubricants are employed. Aircraft wire harness assemblies are used by fighter planes, cobra helicopters, and other aircraft because they are designed to provide dependable, high performance even in the most demanding environmental circumstances.
Products in the aircraft wiring harness market are essential for modern aircraft, allowing the transmission of power, signals, and data and enabling smooth operations of aircraft systems. It is used in applications for engines, fuselage, nacelle, landing gear, UAV, space, ground support, and a host of system wiring harnesses. Moreover, Aircraft Wiring Harnesses are rigorously constructed to satisfy the special requirements of aviation, considering various aspects such as safety, reliability, weight reduction, electromagnetic interference (EMI) prevention, and compatibility with extreme environmental conditions.
The harness comprises several bundled wires frequently color-coded for organization and simple identification. These cables are precisely routed and fastened to provide peak performance, guard against chafing or damage, and maintain a tidy and structured system inside the aircraft. Wiring harnesses are essential to aviation systems' safe and effective operation, including avionics, flight controls, lighting, communication systems, and entertainment systems, among others. These systems are in commercial jetliners, military jets, and private aircraft.
With the rise in e-commerce and world trade, the demand for air transport for goods transportation is growing to meet the requirements of businesses and consumers for fast deliveries. In addition, according to Boeing's report on Commercial Market Outlook 2022-2041, air cargo traffic increased by 21% compared to 2020 and is expected to grow by 3.8% between 2022 and 2041. Also, world trade is expected to grow by 2.8% between 2022 and 2041, and air cargo growth is expected to rise by 3.8% for the same period. The aviation industry is considered one of the most rigorous regarding quality standards for wire harness products. Wire harnesses consisting of wires and cables are critical in transmitting data and power between aircraft and satellites. Therefore, the aviation industry has been experiencing significant growth, with aircraft manufacturers increasing production rates to meet global demand for commercial and military aircraft. The rise in the number of aircraft boosts the adoption of wire harnesses. Thus, the expansion of the aviation industry drives the Aircraft Wiring Harness market growth.
The usage of sophisticated materials has become more common in custom aviation wiring harnesses over time. Modern aviation wire harnesses are increasingly constructed from lightweight and robust materials such as carbon fiber and Kevlar. These novel materials have a good strength-to-weight ratio and provide effective protection against heat, vibration, and electromagnetic interference. Manufacturers have effectively lowered the weight of their aircraft while improving performance, resulting in increased overall flight efficiency. Thus, the demand for lightweight aircraft created a demand for custom aircraft wiring harnesses among aircraft manufacturers, creating opportunities in the market.
Key segments that contributed to the derivation of the aircraft wiring harness market analysis are type and material.
The geographic scope of the aircraft wiring harness market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America reported a 51.6% increase in air traffic in March 2023 compared to 2022. The capacity of carrying passengers surged by 34.0% during the mentioned period, which can be attributed to the focus on adopting more aircraft in the region. Moreover, the expansion of the terminal building at Kelowna International Airport (YLW) in Canada is scheduled to start in the summer of 2023. The Kelowna City Council approved US$ 90 million for the expansion.
Further, as of February 2023, the scope of airport development plans across the US was substantially expanding due to recent changes to federal funding programs. Chicago O'Hare International Airport, one of the busiest airports in the world, has revealed plans to invest US$ 7.1 billion for expansion. Its oldest passenger facility will be demolished, and a new terminal will be built. Another massive project was announced for the Sacramento International Airport. The various stages of this program are expected to cost US$ 1.3 billion. A greater range of passenger services will be consolidated, and airport facilities will be expanded through six development projects. All these plans will be carried out through several construction phases from 2024 to 2027. Thus, the development of airport facilities is expected to propel the growth of the Aircraft Wiring Harness market in the region.
The regional trends and factors influencing the Aircraft Wiring Harness Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Wiring Harness Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.36 Billion |
| Market Size by 2030 | US$ 3.99 Billion |
| Global CAGR (2022 - 2030) | 6.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Wiring Harness Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Wiring Harness Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aircraft wiring harness market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aircraft wiring harness market are listed below:
The “Aircraft Wiring Harness Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Aerospace Wiring Harness Market
The global aircraft wiring harness market is estimated to register a CAGR of 6.8% during the forecast period 2022–2030.
Integration of smart technologies to play a significant role in the global aircraft wiring harness market in the coming years.
The key players holding majority shares in the global aircraft wiring harness market are Safran SA, Latecoere SA, GKN Aerospace Services Ltd, Collins Aerospace, Samvardhana Motherson International Ltd, Aerospace Harness Manufacturing, Steinair Inc, Elimco Aerospace SLU, Heritage Aviation Pvt Ltd, and Interconnect Solutions Company LLC.
The global aircraft wiring harness market is expected to reach US$ 3.99 billion by 2030.
North America dominated the aircraft wiring harness market in 2022.
Expansion of the aviation industry is the major factors that propel the global aircraft wiring harness market.