Aerospace wire harnesses market Size, Share, Growth, and Industry Analysis, By Grade (Open Bundle Harnesses, Closed Bundle Harnesses, Overmolded Harnesses), By Application (Civil & Cargo Aircraft, Helicopter, Military Aircraft and Others), Regional Insights and Forecast to 2031

Updated On: 20 November 2023

Aerospace wire harnesses Market Report Overview

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The global aerospace wire harnesses market size was USD 1024.59 million in 2021. As per our research, the market is expected to reach USD 1532.94 million by 2027, exhibiting a CAGR of 6.95% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the aerospace wire harnesses market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Aerospace wire harnesses are assemblies of electrical cables or wires that connect various systems and components within an aircraft. They transmit power, signals, and data between different electrical devices, instruments, and control systems. They are designed to withstand the harsh environments and high vibrations of aerospace applications. They also help to reduce the weight, complexity, and cost of the electrical wiring system.

Aerospace wire harnesses are essential for the functioning and safety of modern aircraft. They enable the integration and communication of various electrical systems and components, such as engines, sensors, actuators, displays, and computers. They also facilitate the implementation of advanced technologies, such as electric and hybrid-electric propulsion, distributed propulsion, and fly-by-wire control. Aerospace wire harnesses are customized according to the specifications and requirements of different aircraft types, models, and configurations.

COVID-19 Impact: Pandemic Decreased the Market Demand due to the Closure of Manufacturing Industry

The COVID-19 pandemic has had a significant impact on the aerospace wire harnesses market share. The pandemic has had a severe impact on the market, as it has disrupted the global aviation industry. The demand for commercial and military aircraft has declined due to travel restrictions, lockdowns, and reduced defence spending. The supply chain of the aerospace wire harnesses industry has also been affected by the closure of factories, labour shortages, and logistical challenges. The recovery of the market depends on the containment of the virus, the availability of vaccines, and the revival of the aviation sector. Moreover, some airlines have shifted their focus from long-haul to short-haul flights, which could create opportunities for smaller and more electric aircraft that require less complex wiring systems. Additionally, some governments have announced stimulus packages and green policies to support the aviation industry and reduce its environmental impact4. This could encourage innovation and investment in electric and hybrid-electric propulsion technologies that rely on wire harnesses for power distribution.

Latest Trends

"Increasing Adoption of Fibre Optic Cables for Data Transmission is expected to Fuel the Growth in the Market"

Recent Trend in this market one of the recent trends in the market is the increasing adoption of fibre optic cables for data transmission. Fibre optic cables offer advantages such as higher bandwidth, lower weight, reduced electromagnetic interference, and enhanced reliability over traditional copper wires. Fibre optic cables are especially suitable for modern aircraft that have complex avionics and communication systems that require high-speed data transfer. Another trend in the market is the development of technology to reduce production cost and improve efficiency. For example, some companies are using automated wire harness assembly machines, digital design tools, and smart connectors to optimize the wiring harness manufacturing process.

Aerospace wire harnesses Market Segmentation

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• By Grade Analysis

According to type, the market can be segmented into open bundle harnesses, closed bundle harnesses, overmolded harnesses.

• By Application Analysis

Based on age, the market can be divided into civil & cargo aircraft, helicopter, military aircraft and others.

Driving Factors

"Increasing Electrification in Aircraft to Foster the Market Growth"

The demand for aerospace wire harnesses is driven by the growing use of electrical systems and components in aircraft. Electrical systems are used for various functions such as flight control, navigation, lighting, entertainment, and power generation. The electrification of aircraft reduces fuel consumption, emissions, noise, and maintenance costs.  The increasing electrification in aircraft also opens up new possibilities for designing novel propulsion architectures that can improve performance and efficiency. For example, hybrid-electric propulsion systems combine gas turbines with electric motors and batteries to optimize thrust and power output. Electric propulsion systems also enable distributed propulsion architectures with multiple smaller rotors or fans that can reduce drag and noise. These new propulsion concepts require sophisticated wire harnesses that can handle high power densities, variable frequencies, and thermal management

"Rising Deliveries Of Aircraft to Result in the Expansion of the Market"

The demand for aerospace wire harnesses is also driven by the increasing number of aircraft deliveries across the globe. The growth in air passenger traffic, cargo transportation, and defence needs are fuelling the demand for new aircraft. These factors are expected to create opportunities for the market in the coming years. The rising deliveries of aircraft also create challenges for the aerospace wire harnesses industry in terms of quality, safety, and standardization. Wire harnesses are critical components that connect various electrical systems and devices in an aircraft. Any defect or failure in a wire harness can cause serious consequences such as fire, loss of control, or system malfunction8. Therefore, wire harnesses have to comply with stringent regulations and standards set by authorities such as the Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA), and the International Civil Aviation Organization (ICAO). These regulations and standards require rigorous testing, certification, and documentation of the these harnesses

Restraining Factors

"Stringent Regulations and Standards to hamper the market growth"

The aerospace industry has to comply with various regulations and standards that govern the quality, safety, and performance of the products. These regulations and standards are set by authorities such as the Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA), and the International Civil Aviation Organization (ICAO). The compliance with these regulations and standards requires rigorous testing, certification, and documentation of the aerospace wire harnesses.

Aerospace wire harnesses Market Regional Insights

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"Asia Pacific to Lead the Market Owing to the Large and Growing Demand for Commercial Aircraft"

The Asia Pacific region has shown the highest aerospace wire harnesses market growth. This is because Asia Pacific has a large and growing demand for commercial and military aircraft, driven by the increasing air passenger traffic, cargo transportation, and defence needs in countries such as China, India, Japan, Australia, and South Korea.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Co-Operative Industries (U.S.)
• Raytheon Technologies (U.S.)
• Unison Industries (U.S)
• Shenyang Aircraft Corporation (SAC) (China)
• HarcoSemco (U.S.)
• Miracle Aerospace (India)
• Safran (France)
• Carlisle Companies (U.S.)
• IMP Group (Canada)
• GKN Fokker (Netherlands)
• TOYO KOKU DENSHI (Japan)
• Latécoère (France)
• AMETEK (U.S.)
• Amphenol (U.S.)
• Interconnect Wiring (U.S.)

Report Coverage

This report examines an understanding of the aerospace wire harnesses market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.