NEW YORK, Dec. 12, 2018 /PRNewswire/ -- Increasing aircraft
orders across the globe is one of the most significant factors
driving the growth of the Electrical Wiring Interconnection System
(EWIS) market.
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The Electrical Wiring Interconnection System market is projected to
grow from USD 5.4 billion in 2018 to
USD 6.8 billion by 2023, at a CAGR of
4.66% from 2018 to 2023. The increasing number of aircraft orders
across the globe, especially from emerging economies, such as
India and China, due to rising air passenger traffic is
the major factor driving the EWIS market. However, existing
aircraft backlogs and stakeholders opting for wireless technologies
are some of the factors expected to restrain the growth of the EWIS
market.
Based on application, the interiors segment of the EWIS market
is projected to grow at the highest CAGR during the forecast
period.
Based on application, the EWIS market has been segmented into
propulsion, airframe, interiors, avionics, and others.The interiors
segment of the EWIS market is projected to grow at the highest CAGR
during the forecast period.
The growth of this segment can be attributed to the need to enhance
passenger travel experience and the upgradation of existing
aircraft with new IFE systems.
The EWIS market in North
America is projected to grow at the highest CAGR from 2018
to 2023.
The EWIS market in North America
is projected to grow at the highest CAGR from 2018 to 2023.The
growth of the North America EWIS market can be attributed to the
increased aircraft deliveries in both, commercial as well as
military applications.
The growing demand for passenger aircraft from emerging countries,
such as China and India, is one of the major factors
contributing to the growth of the EWIS market. The rise in the
procurement of new military aircraft and helicopters across the
globe is also fueling the growth of the EWIS market.
The break-up of the profiles of primary participants for the
report has been given below:
• By Company - Tier 1—33%, Tier 2—28%, and Tier 3—39%
• By Designation – C Level—50%, Director Level—30%, and
Others—20%
• By Region – North America—30%, Europe—24%, Asia Pacific—35%, and
RoW—11%
Major companies profiled in the report include Safran (France), GKN Aerospace (UK), Latecoere
(France), TE Connectivity (Switzerland), Ducommun (US), and Amphenol
Corporation (US), among others.
Research Coverage
This research report categorizes the EWIS market based on component
(wire and cables, connectors and connector accessories, electrical
grounding and bonding devices, electrical splices, protection
materials, clamps, pressure seals, others), application (avionics,
interiors, propulsion, airframe, others), aviation type (commercial
aviation, military aviation, business and general aviation), and
end user (OEM and Aftermarket). The EWIS market has been studied
for North America, Europe, Asia
Pacific, and the Rest of the World (RoW).
Reasons to Buy this Report
From an insight perspective, this research report focuses on
various levels of analyses, which include industry analysis
(industry trends), market share analysis of top players, supply
chain analysis, and company profiles. These insights together
comprise and discuss basic views on the competitive landscape;
emerging and high-growth segments of the EWIS market; high-growth
regions; and drivers, restraints, challenges, and opportunities
influencing the growth of the EWIS market.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on different
electrical wiring interconnection systems offered by top players in
the market
• Product Development/Innovation: Detailed insights on upcoming
technologies, R&D activities, and new products launched in the
EWIS market
• Market Development: Comprehensive information about lucrative
markets—the report analyzes the EWIS market across various
regions
• Market Diversification: Exhaustive information about new products
launched, untapped regions, recent developments, and investments in
the EWIS market
• Competitive Assessment: In-depth assessment of the market share,
growth strategies, products, and manufacturing capabilities of
leading players operating in the EWIS market
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