The Aircraft Wiring Harness Market is projected to grow significantly, reaching a value of US$ 3.99 billion by 2030, up from US$ 2.36 billion in 2022, reflecting a compound annual growth rate (CAGR) of 6.8% during the period from 2022 to 2030.
The market for Aircraft Wiring Harnesses in the Asia Pacific region is divided into several key countries, including China, Japan, South Korea, India, Australia, and other areas within the region. China is anticipated to dominate the market share throughout the forecast period. Numerous companies in the Asia Pacific are actively seeking partnerships with various aircraft manufacturers. For example, SASMOS Interconnection Systems Limited (FE-SIL), a collaboration between SASMOS and Fokker Elmo, specializes in producing Electrical Wiring Interconnection Systems, which include wire harnesses for the P-8A and P-8I aircraft. Notably, in November 2022, Boeing awarded a contract to the SASMOS joint venture for the supply of over 6,600 wiring harnesses for the upcoming 16 P-8A Poseidon aircraft. Additionally, several Japanese companies are innovating in the aircraft wiring harness sector. In July 2022, Kawasaki Heavy Industries, Ltd. launched the E3 series electrical control and wire harness design system, along with the DS-E3 product data management system (PDM) from Zuken Inc., aimed at enhancing electrical design for aircraft for the Japanese Ministry of Defense.
In North America, air traffic saw a remarkable increase of 51.6% in March 2023 compared to the previous year. The capacity for passenger transport rose by 34.0% during this timeframe, largely due to a heightened focus on acquiring more aircraft in the region. Furthermore, the expansion of the terminal at Kelowna International Airport (YLW) in Canada is set to commence in the summer of 2023, with the Kelowna City Council approving a budget of US$ 90 million for this project.
Moreover, as of February 2023, airport development initiatives across the United States have been significantly expanding, thanks to recent modifications in federal funding programs. Chicago O'Hare International Airport, one of the busiest airports globally, has announced a US$ 7.1 billion expansion plan, which includes the demolition of its oldest passenger facility and the construction of a new terminal. Another substantial project has been unveiled for Sacramento International Airport, with various phases of development expected to cost around US$ 1.3 billion. This initiative aims to consolidate a wider range of passenger services and enhance airport facilities through six development projects, scheduled to unfold from 2024 to 2027. Consequently, the growth of airport infrastructure is likely to drive the demand for aircraft wiring harnesses in the region.
The Aircraft Wiring Harness market is categorized based on materials, including PVC, Polyethylene, Polyurethane, Thermoplastic Elastomers, and Vinyl. Polyvinyl chloride (PVC) is a widely utilized thermoplastic material recognized for its adaptability, making it the most prevalent choice for wire and cable applications. PVC is favored for cable insulation and sheathing due to its durability, resistance to UV light, and ability to withstand water and chemicals. While alternative materials are gradually emerging, PVC remains the dominant polymeric material in the global cable industry. Numerous companies in the Aircraft Wiring Harness market provide wire harnesses composed of PVC for various applications.
In terms of product types, the Aircraft Wiring Harness market is divided into Wire Harness Terminals, Wire Harness Connectors, and other categories. Wire harness terminals serve as connection points where wires terminate or link to other components. The choice of terminal type is influenced by the specific application and insulation needs. Non-insulated terminals are generally more economical than insulated ones when environmental protection from temperature, humidity, or other conditions is not a concern, while insulated terminals are better suited for harsher environments. Additionally, quick disconnect and spade terminals are commonly used in aerospace applications that require rapid disconnection. Wire harness terminals are utilized in the cockpit for controls, instrumentation, and communication systems, as well as in cabin systems for passenger amenities and safety features. Therefore, the expanding aviation sector worldwide, along with the increasing integration of electronic devices in the airline industry, is expected to drive growth in this segment over the forecast period.
Key players in the Aircraft Wiring Harness Market include Safran SA, Latecoere SA, GKN Aerospace Services Ltd, Collins Aerospace, Samvardhana Motherson International Ltd, Aerospace Harness Manufacturing, Steinair Inc, Elimco Aerospace SLU, Heritage Aviation Pvt Ltd, and Interconnect Solutions Company LLC, all of which are highlighted in this market analysis.
The overall size of the Aircraft Wiring Harness Market has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data regarding the Aircraft Wiring Harness Market size. This approach also aids in providing an overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the information and gain analytical insights. This process includes discussions with industry experts such as VPs, 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 Aircraft Wiring Harness Market.