Aircraft Cable Market
PUBLISHED: 2022 ID: SMRC19555
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Aircraft Cable Market

Aircraft Cable Market Forecasts to 2028 – Global Analysis By Platform Type (Fixed Wing Platform, Rotary Wing Platform), Aircraft Type (Turboprop, Regional Jet, Wide Body, Narrow Body), and By Geography

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5.0 (71 reviews)
Published: 2022 ID: SMRC19555

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

2020-2028

Estimated Year Value (2021)

US $4.19 BN

Projected Year Value (2028)

US $7.67 BN

CAGR (2021 - 2028)

9.0%

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

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Aircraft Cable Market is accounted for $4.19 billion in 2021 and is expected to reach $7.67 billion by 2028 growing at a CAGR of 9.0% during the forecast period. Aircraft cable is a type of cable, which mainly finds application in the aircraft industry. The high strength and versatile aircraft cable can also be used for various pushing and pulling applications that includes sheaves, pulleys, and winches among others. These cables are strong and flexible cables manufactured by stranding together the wires of raw materials, such as galvanized steel, polyimide, or stainless steel. Aircraft cables had been historically used for managing aircraft controls-it is still its most common use-and for securing the aircraft during take-off and landing.



Market Dynamics:

Driver:

Electrification and digitalization of aircraft systems


A networked ecosystem of apps, services, and documents defining the future flight deck is becoming more accessible to pilots. Data and power cables are required to connect these digital systems in every aircraft section. Digitalization improves operational efficiency and eases pilot functions. Work operations in the cockpit have been completely computerized due to digitalization. Alternative energy is required because of higher fuel costs and carbon emissions. Thus, electrifying aircraft provides more efficient, silent, and sustainable flight. It also reduces fuel consumption and operating costs for aircraft operators. Electric aircraft systems need cables for faster, more flexible and efficient transmission. Strategic digital advancements deliver a range of intuitive airline software and services. It provides immediate and future benefits to airlines for flight operations by assisting the responsibilities involved at each stage, thereby improving overall operations.

Restraint:

Aircraft backlogs


The growth of the aircraft cable market is restricted because of the backlogging of aircraft. The aircraft backlog hampers the demand for aircraft cables. Aircraft backlog occurs when the orders of aircraft manufacturing have not been fulfilled or run the risk of their potential cancellation or postponement in their date of delivery. The cases of accidents of aircraft that impact the sale of new aircraft, heavy competition among the aircraft producers, and the time required to build a new aircraft result in heavy backlogs in many cases. Thus, the huge number of aircraft backlogs may result in an opportunity loss for the companies in the aircraft manufacturing to manufacture new aircraft, thus, reducing the demand for aircraft cables.

Opportunity:

Rising demand for electric aircrafts


Electrically driven systems are an effective substitute for mechanically driven engine accessories, pumps, and generators. The demand for electric technology is expected to contribute to the cables market for military and aerospace. Incorporating more electric technology reduces fuel consumption and provides a reliable power source for aircraft. Aircraft systems have had revolutionary design and power distribution changes over the last few decades. Companies such as Boeing (US), Airbus (France), and Bombardier (Canada) are working on developing electrical systems to replace the traditional systems for optimized aircraft performance and limited maintenance costs. For instance, the Airbus Flight lab helicopter has started flight tests with a backup engine system that would function as an emergency electrical power system in case of failure of the turbine.

Threat:

Growing penetration of cable-less technologies


Recent advancements in technologies have been reflected in terms of significant changes in the dynamics of aerospace industry as it has replaced some avionics systems. The aerospace industry has been witnessing burgeoning growth across the world with improving statistics about aircraft deliveries and passengers travelling by air. The emergence of wireless or cable-less technologies has transformed several industries and the aerospace industry is no exception, which has made a negative impact on demand for aircraft cables. Aerospace manufacturers cutting down the use of aircraft cables to shift to wireless technologies, in order to improve operational efficiencies, can make a negative impact on growth of the aircraft cables market in the upcoming years.

The business/commercial aircrafts segment is expected to be the largest during the forecast period

The business/commercial aircrafts segment is estimated to have a lucrative growth. Aircraft cables are used in commercial aircraft. In commercial aircraft, flexible lightweight cables are used in flight control system and lighting applications. Cables used in aircraft are high frequency data transmission cables for transmitting radio signals and check air traffic for navigation and landing. Furthermore, in passenger area, data bus cables are used for in-flight entertainment applications. Moreover, in the past few years, a significant rise in the number of air passengers has been observed due low airline ticket prices and time saved on travel. Thus, demand to manufacture new commercial aircraft across the globe and adoption of new cable harness to upgrade aircraft are a few major factors that are expected to drive the aircraft cable market during the forecast period.

The galvanized steel segment is expected to have the highest CAGR during the forecast period

The galvanized steel segment is anticipated to witness the fastest CAGR growth during the forecast period.  Galvanized aircraft cable is one of the most common and versatile cable ropes because of its flexibility and durability. GAC is often used for winches, zip lines, cable railings and more. Moreover, a galvanized aircraft cable is superior in providing corrosion resistance, but will offer quite the same level of protection that a stainless steel aircraft cable will offer. Galvanized aircraft cable strength, however, is slightly higher than stainless steel aircraft cable.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period. Large fleet of commercial aircraft along with defense aircraft has led towards the growth of aircraft cable business in the region. With the advent of EAN (European Aviation Network), which is a system built for the purpose of in-flight communication by Inmarsat, the European market is expected to bolster for the coming years. In addition, the region is a land of opportunities for satellite companies competing for the prominent position in the market. This is mainly because the EAN’s collaboration with airline companies is anticipated to generate additional revenue by enabling them to offer better quality Wi-Fi services.  Also, innovative aircraft solutions getting developed is the major factor driving the Europe aircraft cable market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to rising air passenger traffic in emerging economies, such as China and India. Hence, rising air passenger traffic is boosting the demand for new aircraft in the region. According to Boeing, 16,930 aircraft were delivered in Asia-Pacific. Improving economies and rapidly growing aerospace industry in Asia Pacific region is expected to play a pivotal role in development of the aircraft cables market. Manufacturers in the Asia Pacific aircraft cables market are aiming to capture lucrative sales opportunities by improving the quality features of aircraft cables in the coming future.



Key players in the market

Some of the key players profiled in the Aircraft Cable Market include Aerospace Wire & Cable, AMETEK, Inc, Amphenol, Arrow Electronics, Inc, Frequencia Ltd, GORE, Groupe Latécoère, Harbour Industries, Interconnect Cable Technologies Corp, Leviton Manufacturing Co., Inc, Radiall, Collins Aerospace, Specialty Wire & Cord Sets, Inc, TE Connectivity, and Tyler Madison, Inc.

Key Developments:

In December 2019, Groupe Latécoère, signed a definitive agreement to acquire Bombardier's electrical wiring interconnection system for an undisclosed amount.Through the acquisition Latécoère aimed to emerge as a leading player in the global consolidation movement in the aeronautics sector.

In July 2021, TE Connectivity launched its Rochester Greaseless Cable Technology, which provides more efficient field operation for downhole logging applications. This solution replaces steel cables in cased hole operations. It provides a lower coefficient of friction over traditional wireline cables, which uses a specially formulated cable jacket material.

In November 2021, Collins aerospace, announced the acquisition of Dutch Thermoplastic Components (DTC), a leader in the development and fabrication of structural thermoplastic composite parts. With this acquisition, collins will expand the use of advanced thermoplastics to make aircraft lighter and more fuel-efficient.
 
Platform Types Covered:
• Fixed Wing Platform
• Rotary Wing Platform
 
Material Types Covered:
• Ethernet Cables
• Ethylene Tetrafluoroethylene (ETFE)
• Galvanized Steel
• Polyimide
• Polytetrafluoroethylene (PTFE) Composites
• Stainless Steel
 
Product Types Covered:
• Data Bus Cables
• Fire Resistant Cables/Engine Cables
• Hybrid Cable
• Power Cables
• Radio Frequency (RF) Cable
• Special Cables
 
Aircraft Types Covered:
• Turboprop
• Regional Jet
• Wide Body
• Narrow Body
 
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
 
End Users Covered:

• Business/Commercial Aircrafts
• Military/Defense Aircrafts
• Private Aircrafts
• General Aviation
• Airliner
• Civil Aircraft

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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Platform Type    
 5.1 Introduction      
 5.2 Fixed Wing Platform     
 5.3 Rotary Wing Platform     
         
6 Global Aircraft Cable Market, By Material Type    
 6.1 Introduction      
 6.2 Ethernet Cables      
 6.3 Ethylene Tetrafluoroethylene (ETFE)    
 6.4 Galvanized Steel      
 6.5 Polyimide      
 6.6 Polytetrafluoroethylene (PTFE) Composites   
 6.7 Stainless Steel      
         
7 Global Aircraft Cable Market, By Product Type    
 7.1 Introduction      
 7.2 Data Bus Cables      
 7.3 Fire Resistant Cables/Engine Cables    
 7.4 Hybrid Cable      
 7.5 Power Cables      
 7.6 Radio Frequency (RF) Cable      
 7.7 Special Cables      
         
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      
         
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       
         
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      
         
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 Aerospace Wire & Cable     
 14.2 AMETEK, Inc      
 14.3 Amphenol      
 14.4 Arrow Electronics, Inc     
 14.5 Frequencia Ltd      
 14.6 GORE       
 14.7 Groupe Latécoère      
 14.8 Harbour Industries      
 14.9 Interconnect Cable Technologies Corp    
 14.10 Leviton Manufacturing Co., Inc     
 14.11 Radiall       
 14.12 Collins Aerospace      
 14.13 Specialty Wire & Cord Sets, Inc    
 14.14 TE Connectivity      
 14.15 Tyler Madison, Inc      


List of Tables        
1 Global Aircraft Cable Market Outlook, By Region (2020-2028) ($MN)  
2 Global Aircraft Cable Market Outlook, By Platform Type (2020-2028) ($MN) 
3 Global Aircraft Cable Market Outlook, By Fixed Wing Platform (2020-2028) ($MN) 
4 Global Aircraft Cable Market Outlook, By Rotary Wing Platform (2020-2028) ($MN) 
5 Global Aircraft Cable Market Outlook, By Material Type (2020-2028) ($MN) 
6 Global Aircraft Cable Market Outlook, By Ethernet Cables (2020-2028) ($MN) 
7 Global Aircraft Cable Market Outlook, By Ethylene Tetrafluoroethylene (ETFE) (2020-2028) ($MN)
8 Global Aircraft Cable Market Outlook, By Galvanized Steel (2020-2028) ($MN) 
9 Global Aircraft Cable Market Outlook, By Polyimide (2020-2028) ($MN)  
10 Global Aircraft Cable Market Outlook, By Polytetrafluoroethylene (PTFE) Composites (2020-2028) ($MN)
11 Global Aircraft Cable Market Outlook, By Stainless Steel (2020-2028) ($MN) 
12 Global Aircraft Cable Market Outlook, By Product Type (2020-2028) ($MN) 
13 Global Aircraft Cable Market Outlook, By Data Bus Cables (2020-2028) ($MN) 
14 Global Aircraft Cable Market Outlook, By Fire Resistant Cables/Engine Cables (2020-2028) ($MN)
15 Global Aircraft Cable Market Outlook, By Hybrid Cable (2020-2028) ($MN) 
16 Global Aircraft Cable Market Outlook, By Power Cables (2020-2028) ($MN) 
17 Global Aircraft Cable Market Outlook, By Radio Frequency (RF) Cable (2020-2028) ($MN)
18 Global Aircraft Cable Market Outlook, By Special Cables (2020-2028) ($MN) 
19 Global Aircraft Cable Market Outlook, By Aircraft Type (2020-2028) ($MN) 
20 Global Aircraft Cable Market Outlook, By Turboprop (2020-2028) ($MN)  
21 Global Aircraft Cable Market Outlook, By Regional Jet (2020-2028) ($MN)  
22 Global Aircraft Cable Market Outlook, By Wide Body (2020-2028) ($MN)  
23 Global Aircraft Cable Market Outlook, By Narrow Body (2020-2028) ($MN) 
24 Global Aircraft Cable Market Outlook, By Sales Channel (2020-2028) ($MN)  
25 Global Aircraft Cable Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
26 Global Aircraft Cable Market Outlook, By Aftermarket (2020-2028) ($MN) 
27 Global Aircraft Cable Market Outlook, By Application (2020-2028) ($MN)  
28 Global Aircraft Cable Market Outlook, By Avionics (2020-2028) ($MN)  
29 Global Aircraft Cable Market Outlook, By Boats & Maritime (2020-2028) ($MN) 
30 Global Aircraft Cable Market Outlook, By Data Transfer (2020-2028) ($MN) 
31 Global Aircraft Cable Market Outlook, By Exercise Equipment (2020-2028) ($MN) 
32 Global Aircraft Cable Market Outlook, By Flight Control System (2020-2028) ($MN) 
33 Global Aircraft Cable Market Outlook, By Garage Doors (2020-2028) ($MN) 
34 Global Aircraft Cable Market Outlook, By Lifting & Rigging (2020-2028) ($MN) 
35 Global Aircraft Cable Market Outlook, By Lighting (2020-2028) ($MN)  
36 Global Aircraft Cable Market Outlook, By Power Supply (2020-2028) ($MN) 
37 Global Aircraft Cable Market Outlook, By Zip Lines (2020-2028) ($MN)  
38 Global Aircraft Cable Market Outlook, By End User (2020-2028) ($MN)  
39 Global Aircraft Cable Market Outlook, By Business/Commercial Aircrafts (2020-2028) ($MN)
40 Global Aircraft Cable Market Outlook, By Military/Defense Aircrafts (2020-2028) ($MN)
41 Global Aircraft Cable Market Outlook, By Private Aircrafts (2020-2028) ($MN) 
42 Global Aircraft Cable Market Outlook, By General Aviation (2020-2028) ($MN) 
43 Global Aircraft Cable Market Outlook, By Airliner (2020-2028) ($MN)  
44 Global Aircraft Cable Market Outlook, By Civil Aircraft (2020-2028) ($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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