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What is the present valuation and projected CAGR of the aircraft cables market?
The aircraft cables market size has grown strongly in recent years. It will grow from $4.67 billion in 2024 to $5 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to aircraft production and fleet expansion, technological advancements, regulatory compliance, regulatory compliance, aging aircraft, maintenance and repairs.
The aircraft cables market size is expected to see strong growth in the next few years. It will grow to $6.77 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to aircraft modernization, electrification of aircraft, lightweight and advanced materials, connectivity and data transmission, sustainable aviation. Major trends in the forecast period include lightweight materials, high-performance materials, fiber optic cables, safety and reliability, wireless communication integration, shielding and emi/rfi protection.
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What key drivers have fueled the aircraft cables market’s development over the years?
The increasing demand for the production of new aircraft across the world promotes the growth of the aircraft cable market. Aircraft cables are used to establish an aircraft’s electrical system and to transmit signals into electrical power in commercial aircraft, military aircraft, civil helicopters, and military helicopters. Thus, the increase in demand for aircraft holds a positive effect on the demand for the production of aircraft wires. For instance, in March 2021, according to the International Air Transport Association (IATA), a Canada-based trade association of the world’s airlines, the total number of travelers anticipated to rise to 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. According to the forecast by Airbus in 2022, demand for passenger traffic is estimated to grow at 3.6% over the next 20 years, following demand for 39.490 new passenger and freighter aircraft over the period. The increased production of new aircraft will result in an increased demand for aircraft cables market.
What is the segmentation for the aircraft cables market?
The aircraft cables market covered in this report is segmented –
1) By Type: Stainless Steel Material, Galvanized Steel Material
2) By Aircraft Type: Military Aircraft, Civil Aircraft
3) By Sales Channel: After market, Original Equipment Manufacturer (OEM)
4) By Application: General Aviation, Airliner, Business Aircraft, Other Applications
Subsegments:
1) By Stainless Steel Material: 302 Stainless Steel, 304 Stainless Steel, 316 Stainless Steel
2) By Galvanized Steel Material: Zinc-Coated Galvanized Steel, Hot-Dipped Galvanized Steel
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Who are the most influential companies in the aircraft cables market?
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.
What are the top industry trends projected to impact the aircraft cables market?
Major companies operating in the aircraft cables market are focusing on developing technologically advanced solutions, such as next generation high-voltage aircraft cables to address several critical industry demands. Next-generation high-voltage aircraft cables refer to advanced electrical cables designed to support the higher power requirements of modern and future aircraft systems, particularly electric and hybrid-electric planes. For instance, in June 2023, Nexans S.A., a France-based automation company, unveiled a new range of next-generation high-voltage cables designed to support the aerospace industry’s decarbonization efforts, aiming for carbon neutrality by 2050. These innovative cables feature higher power density, partial discharge-free operation, and a wide voltage range from 600V to 6,000V, making them 20 times more efficient than standard aircraft cables. Committed to sustainability, Nexans is also focusing on reducing the environmental impact of its products through innovative materials and low-carbon solutions, helping to pave the way for a greener aerospace sector.
What are the major regional insights for the aircraft cables market, and which region holds the top position?
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
What Does The Aircraft Cables Market Report 2025 Offer?
The aircraft cables market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aircraft cables are defined as cables that are made by stranding thin steel wires together to offer high versatility, strength, and flexibility. Aircraft cables are used in control systems, lighting, data transfer, power transfer, avionics, and data transmission. Aircraft cables are used in cabin management, wires, and pipelines in aircraft.
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