Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Highlights the Impact of COVID-19 2020-2024 | Use of Next-generation Aircraft Components to Boost Market Growth | Technavio

·6-min read

Technavio has been monitoring the aircraft engine electrical wiring harnesses and cable assembly market and it is poised to grow by USD 110.00 million during 2020-2024, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Which is the leading segment based on application in the market?

  • The turbofan engines segment is expected to be the leading segment based on application during the forecast period.

  • What is the major trend for market?

  • Use of smart glasses to assist engine wire harness and cable assembly process is a major growth factor for the market.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of almost 3%, the incremental growth of the market is anticipated to be USD 110 million.

  • Who are the top players in the market?

  • AMETEK Inc., Amphenol Corp., Carlisle Companies Inc., HarcoSemco LLC, Melrose Industries Plc, Nexans SA, Radiall SA, Raytheon Technologies Corp., Safran SA, and TE Connectivity Ltd. are some of the major market participants.

  • What are the key market drivers and challenges?

  • Use of next-generation aircraft components and use of smart glasses to assist engine wire harness and cable assembly process are the major factors driving the market. However, price fluctuations and raw material availability and their effect on aviation supply chain will restrain market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMETEK Inc., Amphenol Corp., Carlisle Companies Inc., HarcoSemco LLC, Melrose Industries Plc, Nexans SA, Radiall SA, Raytheon Technologies Corp., Safran SA, and TE Connectivity Ltd. are some of the major market participants. The use of next-generation aircraft components will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market 2020-2024: Segmentation

Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market is segmented as below:

  • Application

    • Turbofan Engine

    • Turboprop Engine

  • Geography

    • North America

    • Europe

    • APAC

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43848

Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The aircraft engine electrical wiring harnesses and cable assembly market report covers the following areas:

  • Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Size

  • Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Trends

  • Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market Analysis

This study identifies use of smart glasses to assist engine wire harness and cable assembly process as one of the prime reasons driving the aircraft engine electrical wiring harnesses and cable assembly market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Aircraft Engine Electrical Wiring Harnesses and Cable Assembly Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist aircraft engine electrical wiring harnesses and cable assembly market growth during the next five years

  • Estimation of the aircraft engine electrical wiring harnesses and cable assembly market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the aircraft engine electrical wiring harnesses and cable assembly market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of aircraft engine electrical wiring harnesses and cable assembly market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Turbofan engine - Market size and forecast 2019-2024

  • Turboprop engine - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Volume drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • AMETEK Inc.

  • Amphenol Corp.

  • Carlisle Companies Inc.

  • HarcoSemco LLC

  • Melrose Industries Plc

  • Nexans SA

  • Radiall SA

  • Raytheon Technologies Corp.

  • Safran SA

  • TE Connectivity Ltd.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200807005351/en/

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