From 2021 to 2026, the compound annual growth rate of global aviation cables is 5.7%

According to a report released by Markets and Markets, an international market research institution, the global aviation wire and cable market will grow at a compound annual growth rate of 5.
7% from 2021 to 2026, during which the market size is expected to grow by $400 million, which is mainly driven
by the digitalization and electrification of aircraft systems and the increase in aircraft renewal and delivery.

However, the COVID-19 pandemic has adversely affected the end-use industry, resulting in a sudden drop
in aircraft orders and deliveries in 2020.
This is expected to have a negative impact
on the aircraft market in the short term.

Multiple applications of aircraft wiring harnesses are expected to drive the growth
of the aircraft wire and cable market during the forecast period.
The wire harness segment is estimated to lead the market
during the forecast period.
A harness is an assembly of cables or wires that transmit signals or electricity
throughout an aircraft.
Aircraft wiring harnesses also include composites, Ethernet, data buses, RF coaxial cables and special cable assemblies
.

Based on aircraft type, drones are expected to witness the highest CAGR
of the aircraft wire and cable market during the forecast period.
The enhanced surveillance and reconnaissance capabilities of unmanned aircraft systems (UAS) or drones depend on the payload, which may include multiple cameras and sensors for various frequencies, such as infrared, thermal, and visible light, as well as sophisticated embedded computing and storage devices
.
Since flight time depends on the weight the aircraft carries, these added payloads can make maintaining weight a challenge
.
Due to efforts to optimize switching, the trend towards connectors and cabling will increasingly favor lighter materials, quick disconnects, multi-port and versatile, and compact cabling
.

Based on application, the avionics segment is expected to grow
at the highest CAGR of the aircraft wire and cable market during the forecast period.
As aircraft have transformed their avionics systems to digital, wire and cable manufacturers need new avionics systems
for the aerospace industry.

Based on conductor materials, the copper alloy segment is expected to grow
at the highest CAGR of the aircraft wire and cable market during the forecast period.
Copper wire is widely used in the aerospace industry
due to its electrical properties.
In aircraft, copper is mainly used in busbars, connections, and locking wires
in electrical systems.
Copper is an electrical conductor in many classes of
wires.
Copper wires on aircraft are used for power generation, power transmission, telecommunications distribution, electronic circuits, and many types of electrical equipment
.

Based on insulation type, the thermoplastics segment is expected to grow
at the highest CAGR of the aircraft wire and cable market during the forecast period.
A new class of thermoplastic composites has strength and stiffness values comparable to those of metals and thermosets
.
The technique involves continuous glass fibers or carbon fibers embedded in a thermoplastic polymer matrix, typically consisting of
polyetheretherketone (PEEK) or Ultem PEI (polyetherimide).

Based on end-user, the OEM segment is expected to grow
at the highest CAGR of the aircraft wire and cable market during the forecast period.
OEMs are responsible for integrating wires and cables into aircraft systems
during the assembly phase.
After the global lockdown caused by the virus pandemic in 2020, the aircraft industry has gradually recovered, and the increase in air passenger traffic has led to the growth
of the aircraft wire and cable sector.

The aircraft wire and cable market in North America is expected to hold the highest market share
during the forecast period.
North America accounts for the largest share of 35.
5% of the aircraft wire and cable market and is expected to grow
at a CAGR of 5.
8% during the forecast period.
The presence of major wire and cable manufacturers such as Amphenol Corporation and CarlisleIT is one of
the main reasons for the growth.
The presence of aircraft manufacturers of major military players in the world such as Boeing and Lockheed Martin is also one of the reasons for the growth of
the market in this region.

Globally, the aircraft wire and cable market is dominated by a few global manufacturers, such as Amphenol Corporation (US), Carlisle Interconnect Technologies (US), Collins Aerospace (US), TE Connectivity (Switzerland), and Nexans (France).