Aerospace & Defense Power Connector Market Size, Trends and Growth Analysis by 2027

The global aerospace and defense power connector market was valued at approximately US$ 1172.9 million in 2019 and is anticipated to reach around US$ 1737.8 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027.

The increasing production rates of commercial aircraft are significantly driving the demand for aerospace and defense power connectors worldwide. Additionally, the rising need for soldier modernization is a key factor contributing to the growth of this market. The expanding adoption of advanced avionics systems also presents opportunities for future growth among players in the aerospace and defense power connector sector. However, the challenges related to the manufacturing of wide-body aircraft may hinder market expansion.

As the demand for commercial aircraft rises, there is a corresponding need for various onboard equipment, including avionics systems and engine control and monitoring systems, which must operate at optimal efficiency. Power connectors are essential components in this equipment, facilitating the connection between engine control units and the aircraft's electrical system cables, ensuring reliable transmission of electrical signals and power. Major aircraft manufacturers like Airbus and Boeing are driving a robust demand for power connectors due to their high production capabilities. Consequently, the increasing production rates of commercial aircraft and the introduction of new variants of existing models are expected to further enhance the demand for power connectors throughout the forecast period.

The aerospace and defense power connector market is categorized based on several criteria, including current rating, connector shape, application, and geographical region. In terms of current rating, the market is divided into segments: 5-40 Amp, >40-80 Amp, >80-150 Amp, >150-300 Amp, >300-600 Amp, and >600-900 Amp. The 5-40 Amp segment is projected to capture a significant share of the market during the forecast period.

When considering connector shape, the market is segmented into rectangular and circular connectors. The circular connector segment led the market in 2019 and is expected to maintain its leading position throughout the forecast period. Furthermore, the market is segmented by application into aerospace, military ground vehicles, body-worn equipment, and naval ships. Geographically, the market is divided into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America (SAM). North America held the largest market share in 2019 and is projected to sustain its dominance until 2027.

The overall size of the aerospace and defense power connector market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide an overview and forecast for the aerospace and defense power connector market across all segments. Additionally, it offered insights into the global market based on the various segments across five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

To validate the data and gain deeper analytical insights, primary interviews were conducted with industry participants and commentators. These participants typically include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the aerospace and defense power connector market.

Some of the prominent players in the global aerospace and defense power connector market include Ametek, Inc., Amphenol Corporation, Arrow Electronics, Inc., Collins Aerospace (Raytheon Technologies Corporation), Eaton Corporation plc, Fischer Connectors SA, ITT Corporation, Molex, LLC, Radiall, and TE Connectivity.