PUBLISHER: Market Research Future | PRODUCT CODE: 1572702
PUBLISHER: Market Research Future | PRODUCT CODE: 1572702
Global Electrical Wiring Interconnection System (EWIS) Market Research Report Information By Type (Commercial Aviation and Military Aviation), By Application (Avionics, Interiors, Propulsion, Airframe and Others) By End User, (OEM and Aftermarket), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Market Forecast Till 2032
The Electrical Wiring Interconnection System (EWIS) market industry is projected to grow from USD 7,868.7 Million in 2024 to USD 11,829.1 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period (2024- 2032).
Electrical Wiring Interconnection System (EWIS) refers to the wiring system and components of a complex system, such as an aircraft. EWIS includes wires, cables, harnesses, connectors, terminals, attachments, and other electrical devices that are part of a system, rather than a collection of individual components. In a physically active manner, EWIS controls the brain of the aircraft through relaying necessary data about altitude, attitude, flight speed and other data from the sensor equipment to the pilots.
This growing growth in the aerospace and defense sectors drives the Electrical Wiring Interconnection System market. Rising demand for commercial and military aircraft, coupled with increasing investments made toward the development and strengthening of defense capabilities, has primarily been fueling an ever-increasing need for advanced EWIS solutions. EWIS is at the core of connecting, integrating, and managing complex electrical and electronic systems in aircraft and defense platforms. With the progress of the aerospace and defense industries, there is an emerging need for more efficient, reliable, and lightweight EWIS components and technologies.
Market segment insights
Based on the Type, the Electrical Wiring Interconnection System (EWIS) market is bifurcated into Commercial Aviation and Military Aviation.
Based on Application, the Electrical Wiring Interconnection System (EWIS) Market has been segmented into Avionics, Interiors, Propulsion, Airframe, and Others.
Based on End User, the Electrical Wiring Interconnection System (EWIS) Market has been market based on end-user is segmented into OEM and Aftermarket.
Regional Perspectives
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is anticipated to dominate the Electrical Wiring Interconnection System (EWIS) market in 2023 and exhibit the highest CAGR during the forecast period.
Among Region, Asia-Pacific holds the highest market share of 40.5% in 2023 in Electrical Wiring Interconnection System (EWIS) market, the market for North America was valued at USD 3,026.9 Million in 2023 and is anticipated to reach USD 4,686.7 Million in 2032 growing at a CAGR of 5.0 %.
The North American region has strong regulations for the aviation industry and EWIS. United States contributes to developing a strong defense system to protect its borders from outside threats.
The constant development of new technology and regulation is what brings the constant upgrading of EWIS design, installation, and maintenance throughout Europe in the aviation industry. The European Aviation Safety Agency (EASA) sets regulations and guidelines for EWIS through the European Union Aviation Safety Regulations.
Key market vendors are Safran, GKN Aerospace Services Limited, Latecoere, Ducommun Incorporated, TE Connectivity, Amphenol Corporation, Elektro-Metall Export, Raytheon Technologies Corporation, Eaton Corporation, InterConnect Wiring, Radiall, and PIC Wire & Cable.