Jan 18th, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Wiring Harness Market.

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.

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.

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Segment Analysis:

Aircraft Wiring Harness Market Share: By 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.

Aircraft Wiring Harness Market Share:  By Insulation Material

Based on the insulation material type, the aircraft wiring harness market is segmented as XL ETFE (Cross-Linked Extruded Ethylene Tetrafluoroethylene), TKT (Teflon-Kapton-Teflon), PTFE (Polytetrafluoroethylene), PI (Polyimide), and others. PTFE is expected to remain the most preferred and the fastest-growing insulation material type in the market during the forecast period, driven by its exceptional properties such as extreme temperature resistance (-200°C to 300°C), chemically inertness, low-dielectric constant, low coefficient of friction, and excellent FST property.

Aircraft Wiring Harness Market Share: By Region

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.

Key Players:

Key players operating in the Aircraft Wiring Harness market are-

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

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Features of the Report:

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Aircraft Wiring Harness Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.

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