Aviation Connector Market
Aviation Connector Market Forecasts to 2030 - Global Analysis By Type (PCB (Printed Circuit Board), High Power and Other Types), Aircraft Type (General Aviation, Very Large Aircraft and Other Aircraft Types), Shape, Platform, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $5.90 BN |
|
Projected Year Value (2030) |
US $9.46 BN |
|
CAGR (2023 - 2030) |
6.97% |
|
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 |
Europe |
According to Stratistics MRC, the Global Aviation Connectors Market is accounted for $5.90 billion in 2023 and is expected to reach $9.46 billion by 2030 growing at a CAGR of 6.97% during the forecast period. Aviation connectors are specialized electrical connectors made for use in aircraft and aerospace application. Aviation connectors are essential to maintaining safe and dependable electrical connections. They are renowned for their high performance, resilience to severe temperatures and vibrations, and durability. These parts, which come in a variety of forms, including fiber optic, rectangular, and circular connectors, make it easier for electronic systems to integrate seamlessly into modern aircraft, improving both the overall effectiveness and safety of air travel.
According to Boeing, an American aircraft manufacturing company, the number of aircraft ordered has increased by 61.28% from 2010 to 2018. In 2018, Boeing received a USD 9.2 billion contract to produce the United States air force’s next-generation training jet.
Market Dynamics:
Driver:
Upgrading and replacing the fleet of aging aircraft
Airlines purchase new aircraft or renovate their current fleet in an effort to improve operational effectiveness, safety, and compliance with contemporary technological standards. In order to support the newest avionics and communication systems, this calls for the adoption of advanced aviation connectors. A growing number of modern aircraft are in need of high-performance connectors because they require dependable electrical connectivity and data transmission. As a result, the market for aviation connectors grows, driven by the aviation industry's continuous fleet modernization initiatives.
Restraint:
Cyclical nature of the aviation industry
Because of the inherent cyclical nature, the aviation connectors industry is impacted by geopolitical events and technological advancements. These variations have an immediate effect on the market for aviation connectors as well as the demand for aircraft. The demand for aviation connectors is impacted by decreased investments in new aircraft due to lower air travel and airline profitability during economic downturns. The industry's reliance on protracted aircraft development cycles as well as the linked supply chain further amplify the cyclicality.
Opportunity:
Space exploration
In order to ensure smooth power distribution and communication in spacecraft and satellite systems, there is an increasing need for technologically sophisticated and dependable connectors as space missions become more frequent and ambitious. Aviation connectors provide improved durability and performance in the harsh space environments that support the complex network of electronic components in space vehicles. Aviation connector manufacturers are well-positioned to benefit from this trend by offering cutting-edge solutions that satisfy the exact specifications of space exploration projects.
Threat:
Emerging technologies
Emerging technologies are making conventional connectors outdated due to improvements in materials, miniaturization, and connectivity. More dependable and faster connectors are needed for the integration of smart technologies, like Internet of Things (IoT) devices and sophisticated sensors. Furthermore, the popularity of hybrid and electric aircraft creates new power distribution challenges that call for creative connector solutions. The performance and longevity of connectors could be improved by using cutting-edge materials and manufacturing processes, providing alternatives to the current materials.
Covid-19 Impact:
The demand for aviation connectors decreased as a result of a decline in the number of new aircraft orders and postponed maintenance plans. Financial difficulties for airlines and aircraft manufacturers resulted in budget cuts and postponed capital expenditures, which had an additional negative impact on the market. Production and distribution of aviation connectors temporarily slowed down as a result of supply chain disruptions caused by the aviation industry downturn. The market for aviation connectors is anticipated to grow as the industry gradually recovers, but there are still unknowns related to how quickly the aviation sector will recover and how the global economy will perform.
The ethernet segment is expected to be the largest during the forecast period
The growing need for dependable and fast data transfer in aircraft systems has led to a notable expansion of the Ethernet segment over the forecast period. The use of Ethernet-based solutions has been fueled by the aviation industry's emphasis on connectivity and data exchange for improved navigation, communication, and surveillance. The increasing intricacy of avionics systems and the demand for safe and effective data transfer are two more factors driving this expansion.
The military segment is expected to have the highest CAGR during the forecast period
The aviation connector market's military segment has grown extensively over the forecast period as a result of rising defense spending and national modernization initiatives. The need for strong and high-performance connectors in military aircraft is a result of the need for sophisticated avionic systems, communication technology, and electronic warfare technologies. In order to ensure smooth power distribution, data transfer, and communication within intricate defense systems, these connectors are essential. Furthermore, the development of advanced fighter jets and unmanned aerial vehicles (UAVs) has increased demand for modern connectors and stimulated market expansion for military aviation connectors.
Region with largest share:
The market for aviation connectors has grown immensely in the North American region as a result of the growth of the aerospace and defense industries and a spike in demand for sophisticated avionics systems. The requirement for dependable and high-performing connectors has increased due to the growing use of electronic and networked components in contemporary aircraft. Furthermore, the continuous modernization of current fleets and the development of next-generation aircraft are also responsible for this growth, which has resulted in a thriving market for aviation connectors in North America.
Region with highest CAGR:
The market for aviation connectors has grown substantially in the Europe due to the region's thriving aerospace and defense sector, technological developments and high-performance connectors. The development and uptake of cutting-edge aviation connector technologies are largely attributed to European nations, which place a strong emphasis on innovation and strict safety regulations. Furthermore, the aviation connector market in Europe is expected to continue growing due to the ongoing modernization of aircraft and the expansion of the aviation industry in the region.
Key players in the market
Some of the key players in Aviation Connectors market include Amphenol Corporation, Aviation Ground Equipment Corp, AVIC, Bel Fuse Inc., Carlisle Interconnect Technologies, Conesys Inc., Connectronics Corp, Eaton Corporation, Esterline Technologies Corporation, Fischer Connectors SA, Glenair, Inc , ITT Corporation, Radiall Inc., Rosenberger Hochfrequenztechnik , Smiths Group PLC and TE Connectivity.
Key Developments:
In November 2023, Intelligent power management company Eaton announced the opening of its newest global Innovation Center near Montreal in Brossard, Quebec, Canada. At the 35,000-square-foot space, Eaton will aim to accelerate the research and development of distributed energy resource (DER) technologies enabling sustainable electricity for buildings, homes, industry, and the electric grid. Eaton is bringing approximately 150 specialized jobs to Brossard for the center.
In November 2023, US-based diversified industrial manufacturer, ITT Industries Inc and Tecnik Fluid Controls, a leading manufacturer of custom-designed industrial fluid control valves, has signed a joint venture agreement with to manufacture industrial valves for the pharmaceutical industry in India with undisclosed fresh investment. ITT will transfer the required technology to enable the manufacture of the valves in India and over a period of time, will purchase valves from the joint venture for distribution in the US.
Types Covered:
• PCB (Printed Circuit Board)
• High Power
• Fiber Optic
• RF Connectors
• High Speed
• Ethernet
• Other Types
Aircraft Types Covered:
• General Aviation
• Very Large Aircraft
• Regional Aircraft
• Wide-Body Aircraft
• Helicopter
• Narrow-Body Aircraft
• Other Aircraft Types
Shapes Covered:
• Rectangular
• Circular
• Other Shapes
Platforms Covered:
• Rotary Wing
• Fixed Wing
• Other Platforms
Applications Covered:
• Landing Gear
• Engine Control System
• Avionics
• Cabin Equipment
• Airframe
• Interiors and In Flight Entertainment
• Other Applications
End Users Covered:
• Military
• Business Jets
• Commercial
• 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 2021, 2022, 2023, 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 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 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 Aviation Connector Market, By Type
5.1 Introduction
5.2 PCB (Printed Circuit Board)
5.3 High Power
5.4 Fiber Optic
5.5 RF Connectors
5.6 High Speed
5.7 Ethernet
5.8 Other Types
6 Global Aviation Connector Market, By Aircraft Type
6.1 Introduction
6.2 General Aviation
6.3 Very Large Aircraft
6.4 Regional Aircraft
6.5 Wide-Body Aircraft
6.6 Helicopter
6.7 Narrow-Body Aircraft
6.8 Other Aircraft Types
7 Global Aviation Connector Market, By Shape
7.1 Introduction
7.2 Rectangular
7.3 Circular
7.4 Other Shapes
8 Global Aviation Connector Market, By Platform
8.1 Introduction
8.2 Rotary Wing
8.3 Fixed Wing
8.4 Other Platforms
9 Global Aviation Connector Market, By Application
9.1 Introduction
9.2 Landing Gear
9.3 Engine Control System
9.4 Avionics
9.5 Cabin Equipment
9.6 Airframe
9.7 Interiors and In Flight Entertainment
9.8 Other Applications
10 Global Aviation Connector Market, By End User
10.1 Introduction
10.2 Military
10.3 Business Jets
10.4 Commercial
10.5 Other End Users
11 Global Aviation Connector Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Amphenol Corporation
13.2 Aviation Ground Equipment Corp
13.3 AVIC
13.4 Bel Fuse Inc.
13.5 Carlisle Interconnect Technologies
13.6 Conesys Inc.
13.7 Connectronics Corp
13.8 Eaton Corporation
13.9 Esterline Technologies Corporation
13.10 Fischer Connectors SA
13.11 Glenair, Inc
13.12 ITT Corporation
13.13 Radiall Inc.
13.14 Rosenberger Hochfrequenztechnik
13.15 Smiths Group PLC
13.16 TE Connectivity
List of Tables
1 Global Aviation Connector Market Outlook, By Region (2021-2030) ($MN)
2 Global Aviation Connector Market Outlook, By Type (2021-2030) ($MN)
3 Global Aviation Connector Market Outlook, By PCB (Printed Circuit Board) (2021-2030) ($MN)
4 Global Aviation Connector Market Outlook, By High Power (2021-2030) ($MN)
5 Global Aviation Connector Market Outlook, By Fiber Optic (2021-2030) ($MN)
6 Global Aviation Connector Market Outlook, By RF Connectors (2021-2030) ($MN)
7 Global Aviation Connector Market Outlook, By High Speed (2021-2030) ($MN)
8 Global Aviation Connector Market Outlook, By Ethernet (2021-2030) ($MN)
9 Global Aviation Connector Market Outlook, By Other Types (2021-2030) ($MN)
10 Global Aviation Connector Market Outlook, By Aircraft Type (2021-2030) ($MN)
11 Global Aviation Connector Market Outlook, By General Aviation (2021-2030) ($MN)
12 Global Aviation Connector Market Outlook, By Very Large Aircraft (2021-2030) ($MN)
13 Global Aviation Connector Market Outlook, By Regional Aircraft (2021-2030) ($MN)
14 Global Aviation Connector Market Outlook, By Wide-Body Aircraft (2021-2030) ($MN)
15 Global Aviation Connector Market Outlook, By Helicopter (2021-2030) ($MN)
16 Global Aviation Connector Market Outlook, By Narrow-Body Aircraft (2021-2030) ($MN)
17 Global Aviation Connector Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
18 Global Aviation Connector Market Outlook, By Shape (2021-2030) ($MN)
19 Global Aviation Connector Market Outlook, By Rectangular (2021-2030) ($MN)
20 Global Aviation Connector Market Outlook, By Circular (2021-2030) ($MN)
21 Global Aviation Connector Market Outlook, By Other Shapes (2021-2030) ($MN)
22 Global Aviation Connector Market Outlook, By Platform (2021-2030) ($MN)
23 Global Aviation Connector Market Outlook, By Rotary Wing (2021-2030) ($MN)
24 Global Aviation Connector Market Outlook, By Fixed Wing (2021-2030) ($MN)
25 Global Aviation Connector Market Outlook, By Other Platforms (2021-2030) ($MN)
26 Global Aviation Connector Market Outlook, By Application (2021-2030) ($MN)
27 Global Aviation Connector Market Outlook, By Landing Gear (2021-2030) ($MN)
28 Global Aviation Connector Market Outlook, By Engine Control System (2021-2030) ($MN)
29 Global Aviation Connector Market Outlook, By Avionics (2021-2030) ($MN)
30 Global Aviation Connector Market Outlook, By Cabin Equipment (2021-2030) ($MN)
31 Global Aviation Connector Market Outlook, By Airframe (2021-2030) ($MN)
32 Global Aviation Connector Market Outlook, By Interiors and In Flight Entertainment (2021-2030) ($MN)
33 Global Aviation Connector Market Outlook, By Other Applications (2021-2030) ($MN)
34 Global Aviation Connector Market Outlook, By End User (2021-2030) ($MN)
35 Global Aviation Connector Market Outlook, By Military (2021-2030) ($MN)
36 Global Aviation Connector Market Outlook, By Business Jets (2021-2030) ($MN)
37 Global Aviation Connector Market Outlook, By Commercial (2021-2030) ($MN)
38 Global Aviation Connector Market Outlook, By Other End Users (2021-2030) ($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
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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