Aircraft Cable Market
PUBLISHED: 2024 ID: SMRC26476
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Aircraft Cable Market

Aircraft Cable Market Forecasts to 2030 - Global Analysis By Product Type (Data Bus Cables, Fire Resistant Cables/Engine Cables, Hybrid Cable, Power Cables, Radio Frequency (RF) Cable, Special Cables and Other Product Types), Platform Type, Material Type, Aircraft Type, Sales Channel, Application, End User and By Geography

4.1 (21 reviews)
4.1 (21 reviews)
Published: 2024 ID: SMRC26476

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $5439.14 MN

Projected Year Value (2030)

US $9324.69 MN

CAGR (2024 - 2030)

9.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Aircraft Cable Market is accounted for $5439.14 million in 2024 and is expected to reach $9324.69 million by 2030 growing at a CAGR of 9.4% during the forecast period. Wire rope, another name for aircraft cable, is a strong, adaptable kind of cable that is widely used in aviation and other industries. Aircraft cable has a remarkable strength-to-weight ratio and is made of several steel wire strands that are twisted together to create a sturdy and flexible structure. Moreover, this makes it perfect for a variety of applications where dependability and durability are crucial. Because of the way it is made, it can function safely and effectively in harsh conditions by withstanding high tensions, fatigue, corrosion, and abrasion.

According to the American Psychological Association,Psychologists study phenomena such as perception, cognition, emotion, personality, behavior, and interpersonal relationships. Psychologists employ empirical methods to infer causal and correlational relationships between psychosocial variables.

Market Dynamics: 

Driver: 

Increase in air traveler volume

Global air passenger traffic has significantly increased as a result of growing disposable incomes, expanding tourism industries in many locations, and the growing affordability of air travel. In order to keep up with the increasing demand for travel, airlines are being forced to expand their fleets and buy new aircraft. Additionally, the need for aircraft cables to support various aircraft functions, including landing gear operations, control systems, and cabin amenities, rises in tandem with aircraft manufacturers' ramping up of production to meet orders.

Restraint:

Elevated production expenses

In order to meet the aerospace industry's strict quality and performance requirements, the production of aircraft cables requires specialized tools, materials, and procedures. Higher production costs than standard industrial cables are also a result of the use of premium materials and precise manufacturing processes. Furthermore, strict tolerances and quality control procedures are frequently needed in the aircraft cable manufacturing process to guarantee consistency and dependability in the finished product.

Opportunity:

Rapid development of hybrid and electric aircraft

In an effort to cut fuel costs and carbon emissions, the aviation sector is undergoing a dramatic transition toward electric and hybrid-electric propulsion systems. Lightweight and high-performance cables are needed for data transmission and power transmission in electric and hybrid aircraft, which use sophisticated electrical systems for auxiliary, control, and propulsion. Moreover, the shift to electrification offers a significant chance for producers of aircraft cables to create customized cables that meet the particular needs of electric propulsion systems.

Threat:

Risks to cyber security

The growing dependence of aircraft on digital technologies and connectivity has raised serious concerns about aircraft cable systems regarding cybersecurity threats. Cyberattacks that target these systems put data security, operational integrity, and safety at serious risk. System malfunctions, data breaches, or unauthorized access could result from breaches or compromises in cable systems, which could have disastrous effects. Additionally, manufacturers must prioritize cybersecurity measures to protect aircraft cable systems from cyber threats. These measures include encryption, intrusion detection systems, and secure communication protocols.

Covid-19 Impact: 

The market for aircraft cables has been greatly impacted by the COVID-19 pandemic, which has caused disruptions in demand dynamics, supply chain logistics, and manufacturing operations. The demand for aircraft cables has been tempered by widespread travel restrictions, grounded fleets, and decreased air traffic, which have led to a sharp decline in new aircraft orders, retrofit projects, and maintenance activities. Furthermore, choices about investments and infrastructure projects have been delayed due to the uncertainty surrounding the length and severity of the pandemic, which has limited the market's potential for growth in the short to medium term.

The Power Cables segment is expected to be the largest during the forecast period

Due to their vital role in providing electrical power to various systems and components within an aircraft, power cables hold the largest share in the aircraft cable market. To power avionics, lights, communication systems, and other critical equipment onboard, power cables are necessary. Moreover, power cables are designed to endure harsh environments, such as high temperatures, vibrations, and electromagnetic interference, due to the aviation industry's strict safety and dependability standards. They greatly enhance the general safety and effectiveness of aircraft operations by being built with cutting-edge materials and insulation to guarantee longevity and peak performance.

The Rotary Wing Platform segment is expected to have the highest CAGR during the forecast period

Due to the rising demand for helicopters and other rotary-wing aircraft across a range of applications, including the commercial, military, and private sectors, the Rotary Wing Platform segment in the Aircraft Cable Market is showing the highest CAGR. Specialized cables for rotary-wing platforms must be able to handle particular difficulties like abrupt acceleration, vibration, and intricate internal routing routes. Additionally, these cables are essential for power, data, and signal transmission between various systems and parts on helicopters and other rotary-wing aircraft. 

Region with largest share:

Due in large part to the prominence of its aerospace industry and the presence of significant aircraft manufacturers such as Boeing and Lockheed Martin, North America currently holds the largest share in the global aircraft cable market. The high demand for aircraft cables can be attributed to the region's well-established aviation infrastructure, significant defense spending, and ongoing advancements in aircraft technology. Furthermore, high-quality cables are also required due to North America's strict regulatory requirements and emphasis on dependability and safety, which is driving up demand for them.

Region with highest CAGR:

Due to the aviation industry's explosive growth, rising air travel, and large investments in aircraft manufacturing and infrastructure, the Asia-Pacific area is anticipated to have the highest CAGR in the aviation cable market. With significant plans to improve their aerospace capabilities and sizable orders for new aircraft from both domestic and foreign airlines, nations like China and India are leading the way in this expansion. Furthermore, driving the market for aircraft cables are growing defense budgets and modernization initiatives throughout the region, which are increasing the need for cutting-edge military aircraft.

Key players in the market

Some of the key players in Aircraft Cable market include L3Harris Technologies Inc, Aerospace Wire and Cable Inc, Harbour Industries LLC, Arrow Electronics Inc, Honeywell International Inc, Dassault Aviation SA, AMETEK, Inc, GKN Aerospace, Ducommun Incorporated, Radiall SA, B/E Aerospace Inc, Interconnect Cable Technologies Corp, Amphenol Corporation, Leviton Manufacturing Co., Inc, Safran SA, TE Connectivity, Parker Hannifin Corporation, Collins Aerospace, Triumph Group Inc. and RTX Corporation.

Key Developments:

In May 2024, Global technology provider Arrow Electronics and SiMa.ai, the software centric, embedded edge machine learning system-on-chip company, have entered into a strategic collaboration, enabling Arrow to distribute SiMa.ai products in the EMEA region. SiMa.ai delivers one platform for all edge AI that scales with customers as their AI/ML projects evolve, from computer vision, to transformers to multimodal generative AI.

In April 2024, L3Harris Technologies has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.
 
In June 2023, Honeywell International Inc. HON has entered into a definitive agreement to acquire heads-up-display (HUD) assets of Swedish aerospace and defense company Saab Technology. The financial terms of the transaction are kept under wraps. The HUD system reduces the workload for pilots, helps them with increased situational awareness and increases flight safety. Per the deal, the companies will collaborate to advance and strengthen HON’s HUD product portfolio.

Product Types Covered:
• Data Bus Cables
• Fire Resistant Cables/Engine Cables
• Hybrid Cable
• Power Cables
• Radio Frequency (RF) Cable
• Special Cables
• Other Product Types 
 
Platform Types Covered:
• Fixed Wing Platform
• Rotary Wing Platform
• Other Platform Types 

Material Types Covered:
• Ethernet Cables
• Ethylene Tetrafluoroethylene (ETFE)
• Galvanized Steel
• Polyimide
• Polytetrafluoroethylene (PTFE) Composites
• Stainless Steel
• Other Material Types 

Aircraft Types Covered:
• Turboprop
• Regional Jet
• Wide Body
• Narrow Body
• Other Aircraft Types 
 
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket 

Applications Covered:
• Avionics
• Boats & Maritime
• Data Transfer
• Exercise Equipment
• Flight Control System
• Garage Doors
• Lifting & Rigging
• Lighting
• Power Supply
• Zip Lines
• Other Applications

End Users Covered:
• Business/Commercial Aircrafts
• Military/Defense Aircrafts
• Private Aircrafts
• General Aviation
• Airliner
• Civil Aircraft
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Product Analysis      
 3.7 Application Analysis      
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Aircraft Cable Market, By Product Type       
 5.1 Introduction      
 5.2 Data Bus Cables      
 5.3 Fire Resistant Cables/Engine Cables      
 5.4 Hybrid Cable      
 5.5 Power Cables      
 5.6 Radio Frequency (RF) Cable      
 5.7 Special Cables      
 5.8 Other Product Types      
        
6 Global Aircraft Cable Market, By Platform Type       
 6.1 Introduction      
 6.2 Fixed Wing Platform      
 6.3 Rotary Wing Platform      
 6.4 Other Platform Types      
        
7 Global Aircraft Cable Market, By Material Type       
 7.1 Introduction      
 7.2 Ethernet Cables      
 7.3 Ethylene Tetrafluoroethylene (ETFE)      
 7.4 Galvanized Steel      
 7.5 Polyimide      
 7.6 Polytetrafluoroethylene (PTFE) Composites      
 7.7 Stainless Steel      
 7.8 Other Material Types      
        
8 Global Aircraft Cable Market, By Aircraft Type       
 8.1 Introduction      
 8.2 Turboprop      
 8.3 Regional Jet      
 8.4 Wide Body      
 8.5 Narrow Body      
 8.6 Other Aircraft Types      
        
9 Global Aircraft Cable Market, By Sales Channel       
 9.1 Introduction      
 9.2 Original Equipment Manufacturer (OEM)      
 9.3 Aftermarket      
        
10 Global Aircraft Cable Market, By Application       
 10.1 Introduction      
 10.2 Avionics      
 10.3 Boats & Maritime      
 10.4 Data Transfer      
 10.5 Exercise Equipment      
 10.6 Flight Control System      
 10.7 Garage Doors      
 10.8 Lifting & Rigging      
 10.9 Lighting      
 10.10 Power Supply      
 10.11 Zip Lines      
 10.12 Other Applications      
        
11 Global Aircraft Cable Market, By End User       
 11.1 Introduction      
 11.2 Business/Commercial Aircrafts      
 11.3 Military/Defense Aircrafts      
 11.4 Private Aircrafts      
 11.5 General Aviation      
 11.6 Airliner      
 11.7 Civil Aircraft      
 11.8 Other End Users      
        
12 Global Aircraft Cable Market, By Geography       
 12.1 Introduction      
 12.2 North America      
  12.2.1 US     
  12.2.2 Canada     
  12.2.3 Mexico     
 12.3 Europe      
  12.3.1 Germany     
  12.3.2 UK     
  12.3.3 Italy     
  12.3.4 France     
  12.3.5 Spain     
  12.3.6 Rest of Europe     
 12.4 Asia Pacific      
  12.4.1 Japan     
  12.4.2 China     
  12.4.3 India     
  12.4.4 Australia     
  12.4.5 New Zealand     
  12.4.6 South Korea     
  12.4.7 Rest of Asia Pacific     
 12.5 South America      
  12.5.1 Argentina     
  12.5.2 Brazil     
  12.5.3 Chile     
  12.5.4 Rest of South America     
 12.6 Middle East & Africa      
  12.6.1 Saudi Arabia     
  12.6.2 UAE     
  12.6.3 Qatar     
  12.6.4 South Africa     
  12.6.5 Rest of Middle East & Africa     
        
13 Key Developments       
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 13.2 Acquisitions & Mergers      
 13.3 New Product Launch      
 13.4 Expansions      
 13.5 Other Key Strategies      
        
14 Company Profiling       
 14.1 L3Harris Technologies Inc      
 14.2 Aerospace Wire and Cable Inc      
 14.3 Harbour Industries LLC      
 14.4 Arrow Electronics Inc      
 14.5 Honeywell International Inc      
 14.6 Dassault Aviation SA      
 14.7 AMETEK, Inc            
 14.8 GKN Aerospace      
 14.9 Ducommun Incorporated      
 14.10 Radiall SA      
 14.11 B/E Aerospace Inc      
 14.12 Interconnect Cable Technologies Corp          
 14.13 Amphenol Corporation      
 14.14 Leviton Manufacturing Co., Inc           
 14.15 Safran SA      
 14.16 TE Connectivity            
 14.17 Parker Hannifin Corporation      
 14.18 Collins Aerospace            
 14.19 Triumph Group Inc.      
 14.20 RTX Corporation      
        
List of Tables        
1 Global Aircraft Cable Market Outlook, By Region (2022-2030) ($MN)       
2 Global Aircraft Cable Market Outlook, By Product Type (2022-2030) ($MN)       
3 Global Aircraft Cable Market Outlook, By Data Bus Cables (2022-2030) ($MN)       
4 Global Aircraft Cable Market Outlook, By Fire Resistant Cables/Engine Cables (2022-2030) ($MN)       
5 Global Aircraft Cable Market Outlook, By Hybrid Cable (2022-2030) ($MN)       
6 Global Aircraft Cable Market Outlook, By Power Cables (2022-2030) ($MN)       
7 Global Aircraft Cable Market Outlook, By Radio Frequency (RF) Cable (2022-2030) ($MN)       
8 Global Aircraft Cable Market Outlook, By Special Cables (2022-2030) ($MN)       
9 Global Aircraft Cable Market Outlook, By Other Product Types (2022-2030) ($MN)       
10 Global Aircraft Cable Market Outlook, By Platform Type (2022-2030) ($MN)       
11 Global Aircraft Cable Market Outlook, By Fixed Wing Platform (2022-2030) ($MN)       
12 Global Aircraft Cable Market Outlook, By Rotary Wing Platform (2022-2030) ($MN)       
13 Global Aircraft Cable Market Outlook, By Other Platform Types (2022-2030) ($MN)       
14 Global Aircraft Cable Market Outlook, By Material Type (2022-2030) ($MN)       
15 Global Aircraft Cable Market Outlook, By Ethernet Cables (2022-2030) ($MN)       
16 Global Aircraft Cable Market Outlook, By Ethylene Tetrafluoroethylene (ETFE) (2022-2030) ($MN)       
17 Global Aircraft Cable Market Outlook, By Galvanized Steel (2022-2030) ($MN)       
18 Global Aircraft Cable Market Outlook, By Polyimide (2022-2030) ($MN)       
19 Global Aircraft Cable Market Outlook, By Polytetrafluoroethylene (PTFE) Composites (2022-2030) ($MN)       
20 Global Aircraft Cable Market Outlook, By Stainless Steel (2022-2030) ($MN)       
21 Global Aircraft Cable Market Outlook, By Other Material Types (2022-2030) ($MN)       
22 Global Aircraft Cable Market Outlook, By Aircraft Type (2022-2030) ($MN)       
23 Global Aircraft Cable Market Outlook, By Turboprop (2022-2030) ($MN)       
24 Global Aircraft Cable Market Outlook, By Regional Jet (2022-2030) ($MN)       
25 Global Aircraft Cable Market Outlook, By Wide Body (2022-2030) ($MN)       
26 Global Aircraft Cable Market Outlook, By Narrow Body (2022-2030) ($MN)       
27 Global Aircraft Cable Market Outlook, By Other Aircraft Types (2022-2030) ($MN)       
28 Global Aircraft Cable Market Outlook, By Sales Channel (2022-2030) ($MN)       
29 Global Aircraft Cable Market Outlook, By Original Equipment Manufacturer (OEM) (2022-2030) ($MN)       
30 Global Aircraft Cable Market Outlook, By Aftermarket (2022-2030) ($MN)       
31 Global Aircraft Cable Market Outlook, By Application (2022-2030) ($MN)       
32 Global Aircraft Cable Market Outlook, By Avionics (2022-2030) ($MN)       
33 Global Aircraft Cable Market Outlook, By Boats & Maritime (2022-2030) ($MN)       
34 Global Aircraft Cable Market Outlook, By Data Transfer (2022-2030) ($MN)       
35 Global Aircraft Cable Market Outlook, By Exercise Equipment (2022-2030) ($MN)       
36 Global Aircraft Cable Market Outlook, By Flight Control System (2022-2030) ($MN)       
37 Global Aircraft Cable Market Outlook, By Garage Doors (2022-2030) ($MN)       
38 Global Aircraft Cable Market Outlook, By Lifting & Rigging (2022-2030) ($MN)       
39 Global Aircraft Cable Market Outlook, By Lighting (2022-2030) ($MN)       
40 Global Aircraft Cable Market Outlook, By Power Supply (2022-2030) ($MN)       
41 Global Aircraft Cable Market Outlook, By Zip Lines (2022-2030) ($MN)       
42 Global Aircraft Cable Market Outlook, By Other Applications (2022-2030) ($MN)       
43 Global Aircraft Cable Market Outlook, By End User (2022-2030) ($MN)       
44 Global Aircraft Cable Market Outlook, By Business/Commercial Aircrafts (2022-2030) ($MN)       
45 Global Aircraft Cable Market Outlook, By Military/Defense Aircrafts (2022-2030) ($MN)       
46 Global Aircraft Cable Market Outlook, By Private Aircrafts (2022-2030) ($MN)       
47 Global Aircraft Cable Market Outlook, By General Aviation (2022-2030) ($MN)       
48 Global Aircraft Cable Market Outlook, By Airliner (2022-2030) ($MN)       
49 Global Aircraft Cable Market Outlook, By Civil Aircraft (2022-2030) ($MN)       
50 Global Aircraft Cable Market Outlook, By Other End Users (2022-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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