Market Size of Aviation Connectors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aviation Connectors Market Analysis
The Aviation Connectors Market is expected to witness a CAGR of over 5% during the forecast period (2021 - 2026). Military and commercial aircraft requires a massive amount of electrical and electronic systems for monitoring and flying the plane, managing the engines, providing communications, etc. Less critical applications like in-flight entertainment also need a lot of electrical and electronic systems. Thus, these system installations imply connector devices are required within every airframe.
- The market is driven by increasing demand for the aircraft along with a shift towards electric architecture and technology, which was primarily conceived by Airbus SE while the production of Airbus A-380, and has been gaining traction since then. This has also attracted the attention of aircraft manufacturing companies, like Rolls Royce, who are partnering to develop technologies that align with electric architecture.
- According to Boeing forecasts in 2018, the demand for commercial airplanes is expected to increase due to rising passenger traffic and upcoming airplane retirements. The company forecasted the need for 42,730 new jets valued at USD 6.3 trillion over the next 20 years. Growing demand for aircraft is expected to drive the demand for connectors as they are widely used in avionics bays, cockpit displays, and engine management.
- Most of the aerospace projects emphasize the need for high-speed, lightweight, and resilient connectors and cables. Fiber optic connector is making significant advances for use in the harsh environment in aviation applications. Fiber-optic interconnects are one of the prime choice for military applications as it features enhanced ruggedness suitable for military-grade systems. Companies such as Amphenol offers fiber optic connectors for use in the harsh environments found in military and aerospace applications.
Aviation Connectors Industry Segmentation
A connector is a device that connects electrical terminations to create an electrical circuit. Connectors provide the means of linking cables to transmitting or receiving equipment. Aviation connectors integrate functions on an aircraft such as airframe, avionics, and power systems.
| By Type | |
| PCB (Printed Circuit Board) | |
| RF Connectors | |
| Fiber Optic | |
| Other Types |
| By Shape | |
| Circular | |
| Rectangular |
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Aviation Connectors Market Size Summary
The aviation connectors market is poised for significant growth, driven by the increasing demand for aircraft and the shift towards electric architecture and technology. This transition, initially spearheaded by Airbus SE with the Airbus A-380, has garnered interest from major aircraft manufacturers like Rolls Royce, who are collaborating to develop compatible technologies. The rising passenger traffic and the need for new aircraft to replace retiring models, as forecasted by Boeing, are further propelling the demand for connectors. These devices are essential for various applications within aircraft, including avionics bays, cockpit displays, and engine management systems. The market is also witnessing advancements in fiber optic connectors, which are becoming increasingly popular due to their high-speed data transmission capabilities and suitability for harsh aviation environments.
The demand for aviation connectors is expected to be bolstered by the growing trend of in-flight communication and entertainment, particularly in North America. Airlines are increasingly offering in-flight Wi-Fi and high-definition entertainment options, necessitating the use of advanced connectors that can handle high data transmission rates. Companies like ITT Cannon and Amphenol are at the forefront, providing connectors that meet the rigorous standards of the aerospace industry. The market is competitive, with key players such as Amphenol Corporation, TE Connectivity Ltd., and Eaton Corporation expanding their presence through new product launches and strategic partnerships. These developments underscore the critical role of connectors in enhancing aircraft functionality and passenger experience.
Aviation Connectors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Increase in the Demand for Aircraft
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1.3.2 Shift towards Electric Architecture and Technology
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1.4 Market Restraints
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1.4.1 Existing Backlog of Aircraft Deliveries
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 PCB (Printed Circuit Board)
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2.1.2 RF Connectors
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2.1.3 Fiber Optic
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2.1.4 Other Types
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2.2 By Shape
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2.2.1 Circular
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2.2.2 Rectangular
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Germany
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 Japan
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2.3.3.2 China
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2.3.3.3 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 Latin America
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2.3.4.2 Middle-East & Africa
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Aviation Connectors Market Size FAQs
What is the current Aviation Connectors Market size?
The Aviation Connectors Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Aviation Connectors Market?
Amphenol Corporation, TE Connectivity Ltd., Eaton Corporation, Smiths Group PLC and Carlisle Companies Inc. are the major companies operating in the Aviation Connectors Market.
