Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43848
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The aircraft engine electrical wiring harnesses and cable assembly market has the potential to grow by USD 178.05 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.63%.

This aircraft engine electrical wiring harnesses and cable assembly market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (turbofan engine and turboprop engine) and geography (North America, Europe, APAC, South America, and MEA). The aircraft engine electrical wiring harnesses and cable assembly market report also offers information on several market vendors, including AMETEK Inc., Amphenol Corp., Carlisle Companies Inc., HarcoSemco LLC, Lockheed Martin Corp., Melrose Industries Plc, Radiall SA, Raytheon Technologies Corp., Safran SA, and TE Connectivity Ltd. among others.

What will the Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Size be in 2021?

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Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing procurement of newer generation aircraft is notably driving the aircraft engine electrical wiring harnesses and cable assembly market growth, although factors such as price fluctuations and raw material availability and their effect on the aviation supply chain may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aircraft engine electrical wiring harnesses and cable assembly industry get your FREE report sample now.

  • The growing demand for the procurement of newer generation aircraft will be one of the primary growth drivers for the aircraft engine electrical wiring harness and cable assembly market. 
  • The demand for air travel is increasing due to the rising disposable income of individuals and the improving economy of countries such as China, India, Russia, and the US.
  • The countries are investing in the development of next-generation aircraft. 
  • The trend for faster and reliable transportation is gaining popularity due to globalization.
  • The need for airline operators is also increasing.
  • Commercial aircraft OEMs are encouraged to develop new-generation aircraft that offer reduced carbon emissions and higher fuel efficiency. 
  • Manufacturers are increasingly using carbon fiber reinforced polymer (CFRP)-based parts and components.
  • The development of the CFRP-based electrical harness bracket is one of the key cable assembly market trends that will drive the growth of this market.
  • STFC Innovations are developing a CFRP-based electrical or data harness support bracket that can be used in various aerospace applications.
  • The application of CFRP helps in the reduction of space requirements of airplane harnesses and equipment mountings in aircraft.

This aircraft engine electrical wiring harnesses and cable assembly market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AMETEK Inc.
  • Amphenol Corp.
  • Carlisle Companies Inc.
  • HarcoSemco LLC
  • Lockheed Martin Corp.
  • Melrose Industries Plc
  • Radiall SA
  • Raytheon Technologies Corp.
  • Safran SA
  • TE Connectivity Ltd.

 

The aircraft engine electrical wiring harnesses and cable assembly market is fragmented and the vendors are deploying growth strategies product innovation and differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aircraft engine electrical wiring harnesses and cable assembly market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aircraft Engine Electrical Wiring Harnesses And Cable Assembly Market?

Aircraft-Engine-Electrical-Wiring-Harnesses-And-Cable-Assembly-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from Europe during the forecast period. France and Germany are the key markets for aircraft engine electrical wiring harnesses and cable assembly market in Europe. Market growth in this region will be faster than the growth of the market in North America and MEA.

The presence of efficient network of airline operators will facilitate the aircraft engine electrical wiring harnesses and cable assembly market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market?

Aircraft-Engine-Electrical-Wiring-Harnesses-And-Cable-Assembly-Market-Market-Share-by-Application-2020-2025

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Technavio anticipates that with the growing concern of enhancing turbofan engine technology, coupled with ensuring adequate power supply, the demand for advanced engine electrical wiring harness will increase during the forecast period. As a result, the turbofan engine market segment is expected to grow during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft engine electrical wiring harnesses and cable assembly market size.

 

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What are the Key Factors Covered in this Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aircraft engine electrical wiring harnesses and cable assembly market growth during the next five years
  • Precise estimation of the aircraft engine electrical wiring harnesses and cable assembly market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aircraft engine electrical wiring harnesses and cable assembly industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aircraft engine electrical wiring harnesses and cable assembly market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aircraft engine electrical wiring harnesses and cable assembly market growth will increase by $110.00 million during 2019-2024.
The aircraft engine electrical wiring harnesses and cable assembly market is expected to grow at a CAGR of 2.83% during 2019-2024.
Technavio has segmented the aircraft engine electrical wiring harnesses and cable assembly market by application (Turbofan engine and Turboprop engine) and geographic (North America, Europe, APAC, South America, and MEA).
AMETEK Inc., Amphenol Corp., Carlisle Companies Inc., HarcoSemco LLC, Melrose Industries Plc, Nexans SA, Radiall SA, Raytheon Technologies Corp., Safran SA, TE Connectivity Ltd. are a few of the key vendors in the aircraft engine electrical wiring harnesses and cable assembly market.
Europe will register the highest growth rate of 36.08% among the other regions. Therefore, the aircraft engine electrical wiring harnesses and cable assembly market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the aircraft engine electrical wiring harnesses and cable assembly market growth are:
  • Development of technologically advanced, next-generation aircraft components
  • Use of smart glasses to assist engine wire harness and cable assembly process
The aircraft engine electrical wiring harnesses and cable assembly market vendors should focus on grabbing business opportunities from the turbofan engine segment as it accounted for the largest market share in the base year.
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