PUBLISHER: The Business Research Company | PRODUCT CODE: 1387792
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387792
“Aircraft Cables Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft cables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aircraft cables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft cables market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Aircraft cables refer to highly flexible and strong cables created by twisting thin steel wires together. These cables play a crucial role in various aircraft applications, including control systems, lighting, data and power transfer, avionics, and data transmission, as well as cabin management, wiring, and pipelines within aircraft.
The primary types of aircraft cables available are made from stainless steel or galvanized steel. Galvanized steel undergoes a hot-dipping process in a zinc coating solution, which provides protection against corrosion and surface damage. Aircraft cables are used in both military and civilian aircraft and are distributed through aftermarket and original equipment manufacturer (OEM) sales channels. These cables find applications in general aviation, airliners, business aircraft, and other aviation-related uses.
The aircraft cables market research report is one of a series of new reports from The Business Research Company that provides aircraft cables market statistics, including aircraft cables industry global market size, regional shares, competitors with an aircraft cables market share, detailed aircraft cables market segments, market trends, and opportunities, and any further data you may need to thrive in the aircraft cables industry. This aircraft cables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft cables market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the past can be attributed to factors such as increased aircraft production and fleet expansion, advancements in technology, adherence to regulatory requirements, aging aircraft, and the demand for maintenance and repairs.
The aircraft cables market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the upcoming period can be attributed to factors like aircraft modernization, electrification of aircraft systems, the use of lightweight and advanced materials, advancements in connectivity and data transmission technologies, and the focus on sustainable aviation. Additionally, major trends in this forecast period include the utilization of lightweight materials, high-performance materials, the integration of fiber optic cables, an emphasis on safety and reliability, the integration of wireless communication systems, and measures for shielding and EMI/RFI protection.
The growing global demand for new aircraft is a key driver of the aircraft cable market. Aircraft cables play a crucial role in establishing the electrical systems and transmitting signals into electrical power in various aircraft types, including commercial and military aircraft, civil and military helicopters. As the demand for aircraft production rises, it leads to an increased need for aircraft cables. For example, data from the International Air Transport Association (IATA) in March 2021 showed a 47% increase in the total number of travelers compared to previous years, with further growth projected, reaching 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Additionally, Airbus forecasts a 3.6% growth in passenger traffic over the next two decades, driving the demand for approximately 39,490 new passenger and freighter aircraft. This surge in new aircraft production is expected to boost the aircraft cables market.
The increasing number of aircraft orders and deliveries is set to drive the growth of the aircraft cable market. Aircraft orders and deliveries represent the acquisition and reception of new aircraft, which is indicative of the dynamic and expanding aviation industry. To support these aircraft effectively, there is a growing demand for reliable, technologically advanced, and compliant aircraft cables. As the aviation sector continues to prosper and evolve, the aircraft cable market is poised for sustained growth to meet these industry demands. For instance, as of June 2023, Boeing and Airbus achieved 60 and 72 commercial jet deliveries, respectively, compared to 51 and 58 deliveries in the same month of 2022, according to Flight Plan, a blog on Aviation and Space Systems by Forecast International, a US-based market intelligence provider. Therefore, the increasing aircraft orders, production, and deliveries are anticipated to drive the growth of the aircraft cable market.
The growth of the aircraft cable market faces limitations due to aircraft backlogs, which can impact the demand for aircraft cables. Aircraft backlog refers to situations where the manufacturing of aircraft orders is delayed, and there is a risk of potential cancellations or delivery date postponements. Factors contributing to aircraft backlog include aircraft accidents affecting the sale of new aircraft, intense competition among aircraft manufacturers, and the time required for the construction of new aircraft. In many cases, these factors lead to significant backlogs. As a result, aircraft manufacturing companies may miss opportunities to produce new aircraft, ultimately reducing the demand for aircraft cables. For instance, in March 2020, GoAir, an Indian airline based in Mumbai, had to suspend several flights due to Airbus failing to deliver aircraft according to their agreement. Airbus was expected to deliver 144 Airbus A320neo planes to GoAir as part of an order placed between 2016 and 2020. Consequently, aircraft backlogs negatively impact the demand for new aircraft cables and, in turn, affect the growth of the aircraft cable market.
Companies operating in the aircraft cable market are making strategic investments to manufacture high-performance cables designed to meet the increasing demand for data applications in aircraft systems. These high-performance data applications are essential for various functions within aircraft, including cabin management systems, Ethernet backbones, computers, servers, and low-skew video systems. As part of this industry trend, in January 2021, Carlisle Interconnect Technologies, a U.S.-based company specializing in the design and production of high-performance wire and cable products, introduced the UTiPHASETM microwave cable assembly. This advanced assembly is known for its exceptional electrical phase stability across a wide temperature range, all while maintaining superior microwave performance. These cable assemblies find applications in critical sectors such as defense, space, and testing.
Prominent companies in the aircraft cable market are introducing innovative Ethernet cables, like the MX10G-24-ALW, to maintain a competitive edge in the industry. The MX10G-24-ALW represents a novel lightweight, high-speed digital data cable engineered for aerospace applications. This particular cable is characterized by its use of a round aluminum shield instead of the conventional copper, which results in a smaller and lighter cable compared to similar options. In September 2022, Carlisle Interconnect Technologies (CarlisleIT) unveiled the MX10G-24-ALW, a 100 Ω 1-10 G Base-T Ethernet cable that is part of their Gigabit-Plus Ethernet Cables product line. This cable is capable of delivering exceptional 1000 Base-T performance up to 250 MHz for distances of up to 100 meters. Carlisle Interconnect Technologies (CarlisleIT) is a U.S.-based company known for its expertise in designing and manufacturing high-performance wire and cable solutions, including optical fiber. They are among the world's leading producers of interconnect components designed for harsh environments and high-performance applications.
Major companies operating in the aircraft cables market include TE Connectivity, Amphenol Corporation, AMETEK Inc., Loos and Co. Inc., Radiall SA, Pic Wire and Cable, W.L. Gore and Associates Inc., A.E.Petsche, Arrow Electronics Inc., Collins Aerospace, Harbour Industries LLC, Leviton Manufacturing Co. Inc., Specialty Wire and Cord Sets Inc., Interconnect Cable Technologies Corp., Aerospace Wire and Cable Inc., Lexco Cable Manufacturing, WireMasters Inc., Carl Stahl Sava Industries Inc., Glenair Inc., PPG Industries Inc., Crane Aerospace & Electronics, AeroControlex Group Inc., Aero-Electric Connector Inc., Amphenol Corporation, B/E Aerospace Inc., Carlisle Companies Inc., Dassault Aviation SA, Ducommun Incorporated, Esterline Technologies Corporation, GKN Aerospace, Honeywell International Inc., ITT Inc., L3Harris Technologies Inc., Meggitt plc, Moog Inc., Parker Hannifin Corporation, RTX Corporation, Safran SA, Senior plc, Spirit AeroSystems Holdings Inc., Triumph Group Inc.
North America was the largest region in the aircraft cables market in 2023. The regions covered in the aircraft cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aircraft cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The aircraft cables market consists of sales of stainless steel aircraft cables, galvanized steel aircraft cables, and other aircraft cables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.