Global Aircraft Cables Market Scope 2024, Forecast To 2033
8 Jan, 2024
The aircraft cables market has grown from $4.39 billion in 2023 to $4.74 billion in 2024, reflecting an 8.0% CAGR. Historical growth is attributed to aircraft production, technological advancements, regulatory compliance, aging aircraft, and maintenance. The market is expected to reach $6.43 billion in 2028, with a 7.9% CAGR. Growth drivers include aircraft modernization, electrification, lightweight materials, connectivity, and sustainable aviation. Key trends encompass lightweight materials, fiber optic cables, safety, reliability, and wireless communication.
Global Aircraft Cables Market Key Driver
The global demand for new aircraft stimulates the growth of the aircraft cable market. Aircraft cables establish an aircraft's electrical system and transmit signals into electrical power for various aircraft types, including commercial and military aircraft, as well as civil and military helicopters. According to the International Air Transport Association (IATA), the total number of travelers in 2021 increased by 47%, with anticipated growth reaching 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. This surge in demand aligns with Airbus' forecast of 39,490 new aircraft over the next two decades, driving the aircraft cable market.
Get A Free Sample Of The Global Aircraft Cables Market ReportGlobal Aircraft Cables Market Segments
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: Aftermarket, Original Equipment Manufacturer (OEM)
4) By Application: General Aviation, Airliner, Business Aircraft, Other Applications
By Geography: The regions covered in the aircraft cables market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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
Major Aircraft Cables Industry Players
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.
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Aircraft Cables Market Overview
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.
Aircraft Cables Global Market Report 2023 provides data on the global aircraft cables market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft cables market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.