AMPHENOL CORPORATION, RADIALL, NEXANS SA, TE CONNECTIVITY, AND W. L. GORE & ASSOCIATES, INC – PROMINENT MARKET PARTICIPANTS IN AIRCRAFT WIRE & CABLE MARKET
Aircraft wires and cables are used for numerous aircraft applications, such as lighting, flight control system, power transfer, data transfer, and avionics. The stranded cables used are versatile and have a greater degree of flexibility. The wires and cables used in aircraft are produced in diverse configurations with variable lays, materials, and diameters to suit different applications. Over the years, the aircraft fleet has significantly increased and has resulted in the mounting installation of electrical and electronic equipment. Further, the growth in the safety of the aircraft is expected to propel the demand for aircraft wires and cables. The rapid expansion of the aviation sector globally and the growing adoption of advanced technologies for the smooth functioning of aircraft supplement the growth of the market significantly. Besides, the presence of robust aircraft manufacturers, such as Boeing and Airbus, and growing disposable incomes in developing countries and are among the factors driving the demand for these aircraft wires and cables.
The growing defense expenditure across significant economies, such as the US, China, India, Russia, and Saudi Arabia, is expected to drive the aircraft wires and cables market in the coming years. As per the data published in April 2020 by Stockholm International Peace Research Institute (SIPRI), the global military spending surged to US$ 1,917 billion in 2019, which represents an increase of 3.6% over that in 2018. Increasing technological developments, growing investments in research and development (R&D) by aircraft original equipment manufacturers (OEMs), and rising demand for air transportation are propelling the growth of the aerospace & defense sector, which is subsequently driving the aircraft wires & cables market growth.
The key companies operating in the field of aircraft wire & cable that are profiled in the report include A.E. Petsche Company, AMETEK, Inc., Axon, Harbour, Draka (Prysmian), Glenair, Huber & Suhner, Amphenol Corporation, Carlisle Interconnect Technologies, Collins Aerospace, PIC Wire & Cable, Radiall, Nexans SA, TE Connectivity, and W. L. Gore & Associates, Inc. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
Most of the market initiatives were observed in North America region, which have a high potential of aircraft wire and cable market players. Few of the important market initiatives and product developments from the industry are mentioned below:
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Development |
Description |
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Carlisle Companies acquired Draka Fileca SAS |
Carlisle Companies Incorporated acquired 100% of the shares of Draka Fileca SAS from Prysmian SpA. |
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W. L. Gore & Associates, Inc. declared new GORE Fiber Optic Cables |
W. L. Gore & Associates, Inc. announced the new GORE Fiber Optic Cables, 1.8 mm Simplex with high impact-resistance for extreme defense aircraft environments. This version is proven to exceed new stringent JN1177 and EN4641-301 industry standards for more durability while maintaining high-bandwidth data and video transmission on 10-Gb avionics networks. |
