Aircraft Wiring Harness Market 2021: Detailed analysis and growth trends post COVID-19 outbreak
Aircraft Wiring Harness Market 2021: Detailed analysis and growth trends post COVID-19 outbreak
A harness can be defined as the wires and cables which are bundled together with insulation material. The insulation layering ensures their efficiency in harsh environmental conditions. The use of harnesses makes the interconnection system organized and it becomes quite easy to repair or replace any fault.

The recent report published by Stratview Research on the Global Aircraft Wiring Harness Market Report for the forecast period of 2021-2026 is a valuable source of insightful data for the business strategists. The report provides industry overview with growth analysis and historical, present, and future prices, revenue, demand, and supply data, etc. This market study provides in-depth Aircraft Wiring Harness Market data that enhances the understanding, scope, and application of this report.

According to this report, the market for Aircraft Wiring Harness Market is consolidated with a few players accounting for the majority of the market share. Most of the major players are offering. The following are the key players in the Aircraft Wiring Harness Market.

  • Safran S.A.
  • Groupe Latécoère
  • GKN Aerospace
  • Carlisle Companies
  • W.L. Gore & Associates
  • Amphenol
  • Ducommun Incorporated
  • TransDigm Group
  • TE Connectivity
  • AKKA Technologies

Market Insights

The subsequent effect of the pandemic was also felt in the aircraft wiring harness market, which declined by approx. 31% in 2020.

That being said, the long-term scenario still seems promising backed by strong industry fundamentals and stakeholder’s capability to manage crises. The aircraft wiring harness market is likely to follow the suit and is expected to rebound at a CAGR of 8.2% during the forecast period to reach a value of US$ 1.5 billion in 2026.

The market is segmented by the following –

Application Trends

Based on the application type, the aircraft wiring harness market is segmented as avionics, interiors, airframe, propulsion system, and others. The interiors segment held the lion’s share of the market in 2020 and is expected to expand with the highest CAGR of 9.0% in the post-pandemic market developments. Increasing focus of airliners towards improving the passenger travel experience and modernization of existing fleets with new IFE systems are the major factors driving the growth of the interiors segment.

Regional Trends

In terms of regions, North America is expected to remain the largest market for aircraft wiring harnesses. The region is dominated by the USA, owing to the presence of major aircraft OEMs, wiring harness suppliers, airlines, and MRO companies.  Asia-Pacific is expected to witness the highest growth during the forecast period driven by assembly plants of Boeing and Airbus in China, increasing procurement of military aircraft, rising aircraft fleet size, and upcoming indigenous aircraft program C919. China, Japan, and India are the growth engines of the region’s aircraft wiring harness market.

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Analytical Tools: The experts at Stratview Research have precisely studied and assessed data of the Aircraft Wiring Harness Market key players and their scope in the market. Several analytical tools have been used to evaluate the growth of the key players operating in the market.

Key Market Features: This report evaluates key market features, including revenue, supply/demand, gross value, production, consumption, market share, CAGR, and gross margin. In addition, the report offers a thorough study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Reasons to invest in this report –

This report answers several FAQs related to the market. Also provides customisation according to the users’ requirements. Here are some queries whose answers can be found in this report –

l  What are the key trends in the global Aircraft Wiring Harness Market?

l  How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?

l  What is the impact of COVID-19 on the Aircraft Wiring Harness Market?

l  What are the key strategies adopted by the major vendors to lead in the Aircraft Wiring Harness Market?

l  What is the market share of the top vendors?

The following free customization options are available:

Company Profiling

-        Detailed profiling of additional market players (up to three players)

-        SWOT analysis of key players (up to three players)

-        Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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