Aircraft Cable Market Forecasts to 2030 - Global Analysis By Product Type, Platform Type, Material Type, Aircraft Type, Sales Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Aircraft Cable Market is accounted for $5439.14 million in 2024 and is expected to reach $9324.69 million by 2030 growing at a CAGR of 9.4% during the forecast period. Wire rope, another name for aircraft cable, is a strong, adaptable kind of cable that is widely used in aviation and other industries. Aircraft cable has a remarkable strength-to-weight ratio and is made of several steel wire strands that are twisted together to create a sturdy and flexible structure. Moreover, this makes it perfect for a variety of applications where dependability and durability are crucial. Because of the way it is made, it can function safely and effectively in harsh conditions by withstanding high tensions, fatigue, corrosion, and abrasion.

According to the American Psychological Association,Psychologists study phenomena such as perception, cognition, emotion, personality, behavior, and interpersonal relationships. Psychologists employ empirical methods to infer causal and correlational relationships between psychosocial variables.

Market Dynamics:

Driver:

Increase in air traveler volume

Global air passenger traffic has significantly increased as a result of growing disposable incomes, expanding tourism industries in many locations, and the growing affordability of air travel. In order to keep up with the increasing demand for travel, airlines are being forced to expand their fleets and buy new aircraft. Additionally, the need for aircraft cables to support various aircraft functions, including landing gear operations, control systems, and cabin amenities, rises in tandem with aircraft manufacturers' ramping up of production to meet orders.

Restraint:

Elevated production expenses

In order to meet the aerospace industry's strict quality and performance requirements, the production of aircraft cables requires specialized tools, materials, and procedures. Higher production costs than standard industrial cables are also a result of the use of premium materials and precise manufacturing processes. Furthermore, strict tolerances and quality control procedures are frequently needed in the aircraft cable manufacturing process to guarantee consistency and dependability in the finished product.

Opportunity:

Rapid development of hybrid and electric aircraft

In an effort to cut fuel costs and carbon emissions, the aviation sector is undergoing a dramatic transition toward electric and hybrid-electric propulsion systems. Lightweight and high-performance cables are needed for data transmission and power transmission in electric and hybrid aircraft, which use sophisticated electrical systems for auxiliary, control, and propulsion. Moreover, the shift to electrification offers a significant chance for producers of aircraft cables to create customized cables that meet the particular needs of electric propulsion systems.

Threat:

Risks to cyber security

The growing dependence of aircraft on digital technologies and connectivity has raised serious concerns about aircraft cable systems regarding cybersecurity threats. Cyberattacks that target these systems put data security, operational integrity, and safety at serious risk. System malfunctions, data breaches, or unauthorized access could result from breaches or compromises in cable systems, which could have disastrous effects. Additionally, manufacturers must prioritize cybersecurity measures to protect aircraft cable systems from cyber threats. These measures include encryption, intrusion detection systems, and secure communication protocols.

Covid-19 Impact:

The market for aircraft cables has been greatly impacted by the COVID-19 pandemic, which has caused disruptions in demand dynamics, supply chain logistics, and manufacturing operations. The demand for aircraft cables has been tempered by widespread travel restrictions, grounded fleets, and decreased air traffic, which have led to a sharp decline in new aircraft orders, retrofit projects, and maintenance activities. Furthermore, choices about investments and infrastructure projects have been delayed due to the uncertainty surrounding the length and severity of the pandemic, which has limited the market's potential for growth in the short to medium term.

The Power Cables segment is expected to be the largest during the forecast period

Due to their vital role in providing electrical power to various systems and components within an aircraft, power cables hold the largest share in the aircraft cable market. To power avionics, lights, communication systems, and other critical equipment onboard, power cables are necessary. Moreover, power cables are designed to endure harsh environments, such as high temperatures, vibrations, and electromagnetic interference, due to the aviation industry's strict safety and dependability standards. They greatly enhance the general safety and effectiveness of aircraft operations by being built with cutting-edge materials and insulation to guarantee longevity and peak performance.

The Rotary Wing Platform segment is expected to have the highest CAGR during the forecast period

Due to the rising demand for helicopters and other rotary-wing aircraft across a range of applications, including the commercial, military, and private sectors, the Rotary Wing Platform segment in the Aircraft Cable Market is showing the highest CAGR. Specialized cables for rotary-wing platforms must be able to handle particular difficulties like abrupt acceleration, vibration, and intricate internal routing routes. Additionally, these cables are essential for power, data, and signal transmission between various systems and parts on helicopters and other rotary-wing aircraft.

Region with largest share:

Due in large part to the prominence of its aerospace industry and the presence of significant aircraft manufacturers such as Boeing and Lockheed Martin, North America currently holds the largest share in the global aircraft cable market. The high demand for aircraft cables can be attributed to the region's well-established aviation infrastructure, significant defense spending, and ongoing advancements in aircraft technology. Furthermore, high-quality cables are also required due to North America's strict regulatory requirements and emphasis on dependability and safety, which is driving up demand for them.

Region with highest CAGR:

Due to the aviation industry's explosive growth, rising air travel, and large investments in aircraft manufacturing and infrastructure, the Asia-Pacific area is anticipated to have the highest CAGR in the aviation cable market. With significant plans to improve their aerospace capabilities and sizable orders for new aircraft from both domestic and foreign airlines, nations like China and India are leading the way in this expansion. Furthermore, driving the market for aircraft cables are growing defense budgets and modernization initiatives throughout the region, which are increasing the need for cutting-edge military aircraft.

Key players in the market

Some of the key players in Aircraft Cable market include L3Harris Technologies Inc, Aerospace Wire and Cable Inc, Harbour Industries LLC, Arrow Electronics Inc, Honeywell International Inc, Dassault Aviation SA, AMETEK, Inc, GKN Aerospace, Ducommun Incorporated, Radiall SA, B/E Aerospace Inc, Interconnect Cable Technologies Corp, Amphenol Corporation, Leviton Manufacturing Co., Inc, Safran SA, TE Connectivity, Parker Hannifin Corporation, Collins Aerospace, Triumph Group Inc. and RTX Corporation.

Key Developments:

In May 2024, Global technology provider Arrow Electronics and SiMa.ai, the software centric, embedded edge machine learning system-on-chip company, have entered into a strategic collaboration, enabling Arrow to distribute SiMa.ai products in the EMEA region. SiMa.ai delivers one platform for all edge AI that scales with customers as their AI/ML projects evolve, from computer vision, to transformers to multimodal generative AI.

In April 2024, L3Harris Technologies has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.

In June 2023, Honeywell International Inc. HON has entered into a definitive agreement to acquire heads-up-display (HUD) assets of Swedish aerospace and defense company Saab Technology. The financial terms of the transaction are kept under wraps. The HUD system reduces the workload for pilots, helps them with increased situational awareness and increases flight safety. Per the deal, the companies will collaborate to advance and strengthen HON's HUD product portfolio.

Product Types Covered:

• Data Bus Cables
• Fire Resistant Cables/Engine Cables
• Hybrid Cable
• Power Cables
• Radio Frequency (RF) Cable
• Special Cables
• Other Product Types

Platform Types Covered:

• Fixed Wing Platform
• Rotary Wing Platform
• Other Platform Types

Material Types Covered:

• Ethernet Cables
• Ethylene Tetrafluoroethylene (ETFE)
• Galvanized Steel
• Polyimide
• Polytetrafluoroethylene (PTFE) Composites
• Stainless Steel
• Other Material Types

Aircraft Types Covered:

• Turboprop
• Regional Jet
• Wide Body
• Narrow Body
• Other Aircraft Types

Sales Channels Covered:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Applications Covered:

• Avionics
• Boats & Maritime
• Data Transfer
• Exercise Equipment
• Flight Control System
• Garage Doors
• Lifting & Rigging
• Lighting
• Power Supply
• Zip Lines
• Other Applications

End Users Covered:

• Business/Commercial Aircrafts
• Military/Defense Aircrafts
• Private Aircrafts
• General Aviation
• Airliner
• Civil Aircraft
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances