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.
Aircraft Wiring Harness Market Analysis
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.
Aircraft Wiring Harness Market Overview
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.
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Aircraft Wiring Harness Market Drivers and Opportunities
Expansion of the Aviation Industry to Favor the Market
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.
Developing Custom Aircraft Wiring Harness
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.
Aircraft Wiring Harness Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aircraft wiring harness market analysis are type and material.
- Based on type, the aircraft wiring harness market is divided into wire harness terminals, wire harness connectors, and others. The wire harness terminal segment held a larger market share in 2022.
- based on material, the market is divided into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The polyethylene segment is anticipated to expand during the forecast period.
Aircraft Wiring Harness Market Share Analysis by Geography
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.
Aircraft Wiring Harness Market Regional Insights
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.
- Get the Regional Specific Data for Aircraft Wiring Harness Market
Aircraft Wiring Harness Market Report Scope
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 |
Aircraft Wiring Harness Market Players Density: Understanding Its Impact on Business Dynamics
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:
- Safran SA
- Latecoere SA
- GKN Aerospace Services Ltd
- Collins Aerospace
- Samvardhana Motherson International Ltd
- Aerospace Harness Manufacturing
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Aircraft Wiring Harness Market top key players overview
Aircraft Wiring Harness Market News and Recent Developments
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 electrical harnesses of the brand-new Falcon F10X will be delivered to Dassault Aviation by Safran. The company has been chosen to deliver the most innovative harnesses, which need the employment of specialized technology and manufacturing techniques to make these harnesses. (Source: Safran SA, Company Website, October 2022)
- Safran, a well-known French corporation, planned to develop an aviation engine maintenance and repair facility in Hyderabad. This move would cement Telangana's position as a premier aerospace destination. (Source: Safran SA, Company Website, July 2022)
Aircraft Wiring Harness Market Report Coverage and Deliverables
The “Aircraft Wiring Harness Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Aircraft wiring harness market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft wiring harness market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Aircraft wiring harness market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the aircraft wiring harness market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Material
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
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The List of Companies - Aerospace Wiring Harness Market
- 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
- Interconnect Solutions Company LLC