Market Trends of Aerospace Wiring Harness Industry
The Commercial Aircraft Market Segment Is Anticipated To Witness Highest Growth During The Forecast Period
With a rise in air passenger traffic and an uptick in aircraft deliveries, countries are increasingly on the lookout for commercial aircraft. This growing demand offers wiring manufacturers a prime opportunity to develop advanced wiring harnesses, setting the stage for substantial market growth during the forecast period.
Data from the WTTC highlights the significance of tourism, which constituted 9.1% of the global GDP in 2023. Furthermore, air travel was the preferred mode for 57% of international tourists. It's noteworthy that passenger numbers in commercial aviation have seen a twofold increase over the last 15 years.
Each aircraft's electrical wiring harness is tailored, and shaped by country-specific certification mandates and the aircraft's evolving innovations. Aluminum and copper serve as the primary conductors for commercial aircraft wiring harnesses, each bringing its own set of attributes.
Aluminum, being lightweight and having a larger diameter, effectively minimizes electrical discharge, making it a favored option. On the other hand, copper is celebrated for its superior conductivity, impressive tensile strength, and soldering convenience. At present, commercial aircraft predominantly use wires manufactured under MIL-W-22759 specifications, a standard that aligns with FAA compliance.
North America To Showcase Remarkable Growth During the Forecast Period
North America has a well-developed and technologically advanced aerospace industry. It is home to major aircraft manufacturers, such as The Boeing Company and Lockheed Martin, as well as numerous suppliers and service providers. The region's robust commercial and military aviation presence drives the demand for aerospace wiring harnesses. In addition, North America is also a major hub for aircraft production, with a significant number of commercial and military aircraft being manufactured in the region.
The US is bolstering its defense system to safeguard its borders from external threats, creating new opportunities for EWIS vendors. With a robust aviation industry, the US boasts several key players pivotal to commercial aircraft manufacturing, defense aviation, and general aviation. In response to significant airline incidents in the late 1990s, the US Federal Aviation Administration (FAA) established EWIS regulations. The FAA continues to update these regulations, guiding original equipment manufacturers (OEMs) and suppliers.
The region is also known for its focus on technological advancements and innovation in the aerospace industry. Thus, the increasing number of aircraft orders in the region will create parallel demand for aerospace harnesses, thereby driving the market in focus in the region during the forecast period.
