Aerospace Wiring Harness Market Size
| Study Period | 2023-2028 |
| Market Size (2024) | USD 2.16 Billion |
| Market Size (2028) | USD 2.85 Billion |
| CAGR (2024 - 2028) | 5.76 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aerospace Wiring Harness Market Analysis
The Aerospace Wiring Harness Market size is estimated at USD 2.16 billion in 2023, and is expected to reach USD 2.85 billion by 2028, growing at a CAGR of 5.76% during the forecast period (2023-2028).
The enhancement of the aircraft electrical system environment has attracted various interest from major aviation stakeholders and this will lead to a significant increase in the demand for the aerospace wiring harness market in the coming years. The growing number of orders for new aircraft, and an expansion in the air traffic volume coupled with expanding aircraft fleet sizes will ultimately lead to an increase in the demand for new aircraft thereby leading to the growth of the aerospace wiring harness market during the forecast period. On the other hand, several factors such as the growing demand for wireless technology and backlogs in the deliveries of the aircraft are restricting market growth.
Furthermore, emerging trends, which have a direct impact on the dynamics of the market, include developing technology to reduce production costs and increasing applications in aircraft. In addition, various aircraft OEMs are now focusing on the reduction of excessive electrical wiring inside the aircraft by making use of decentralized distribution technology to ensure aircraft weight savings. This approach enables the designers of aircraft wiring harness to design the wiring harness with flexibility in order to adapt to additional changes which also assist in the customization of the aircraft without the requirement of extensive rewiring.
Aerospace Wiring Harness Market Trends
The Commercial Aircraft Market Segment Is Anticipated To Witness Highest Growth During The Forecast Period
Throughout 2022, global air passenger traffic gained momentum and recovered substantially as travel restrictions were taken down and passengers expressed a very strong willingness to travel. According to the data presented by the International Air Transport Association (IATA), in 2022, air passenger traffic gained momentum globally and recovered substantially from 41.7% of 2019 revenue passenger kilometers (RPKs) in 2021 to 68.5% in 2022. Moreover, domestic RPKs recovered to 79.6% of pre-pandemic passenger traffic in 2022 and grew 10.9% year-on-year from 2021 levels. International RPKs recovered to 62.2% of 2019 traffic and grew 152.7% YoY from 2021 levels. Furthermore, an increase in the number of aircraft deliveries worldwide in recent years has given a major boost to the development of advanced wiring harness systems for commercial aviation.
According to data from SourceOne spares, Boeing almost doubled Airbus in terms of aircraft deliveries, In 2023 Boeing delivered 38 aircraft in January compared to Airbus delivering 20. In addition, of the 38 aircraft delivered by Boeing, 35 were B737s (all MAX) and three were B787s. On the other hand, in January 2023, Airbus delivered 20 jets including 16 A320s, two A220s, and one each of the A330 and A350 models. In addition, the official A320 production rate is 45 aircraft per month and has remained at this level since the end of 2021. On average, the company delivered 43 A320s per month in 2022.
Electrical wiring harnesses have practically different configurations for each aircraft due to the different certification requirements according to the country where the aircraft will operate couppled with innovations and improvements in the aircraft systems along the life cycle of the aircraft. Moreover, the two most generally used conductors in designing aircraft wiring harness for commercial aircraft are aluminium and copper and each has its own characteristics. In addition, aluminum is used extensively owing to its lightness and its relatively large diameter which reduces the discharge of electricity from the wire. On the other hand, copper has a higher conductivity, relatively high tensile strength and can be easily soldered. In the current scenario, commercial aircraft make use of wire that is manufactured under MIL-W-22759 specifications and complies with current FAA requirement.
Thus, the increasing number of aircraft deliveries coupled with the increase in the air passenger traffic will lead to the growing demand of additional commercial aircraft by various countries and wiring manufacturers will have the opportunity to design advanced wiring harness in order to meet future requirements thereby leading to the market witnessing significant growth during the forecast period.
North America Will Showcase Remarkable Growth During the Forecast Period
According to reports from Airport Council International, in 2022, North American airports experienced a robust recovery in international passenger traffic with an increase of 117.2 percent from 2021. Similarly, domestic passenger traffic grew by 25.8 percent from 2021. Moreover, Hartsfield-Jackson Atlanta International Airport (ATL) remained the busiest airport in North America and the world in 2022 with 93.6 million passengers, an increase of 23.8 percent from 2021. In addition, aircraft movements in North America continued to increase in 2022 after the sharp decline experienced during the pandemic. Total aircraft movements increased by 9.2 percent in 2022 compared to 2021. This increase was driven by a robust recovery of 14.8 percent in passenger and combination aircraft movements.
North America has a well-developed and technologically advanced aerospace industry. It is home to major aircraft manufacturers, such as Boeing and Lockheed Martin, as well as numerous suppliers and service providers. The region's strong presence in commercial and military aviation drives the demand for aerospace wiring harnesses. In addition, North America is also a major hub for aircraft production, with a significant number of commercial and military aircraft being manufactured in the region. Also, the region is known for its focus on technological advancements and innovation in the aerospace industry. Thus, the increasing number of aircraft orders in the region will also create parallel demand for aerospace harnesses, thereby driving the market in focus in the region during the forecast period.
Aerospace Wiring Harness Industry Overview
The aerospace wiring harness market is fragmented due to the presence of a considerable number of market players. Some of the major market players in the aerospace wiring harness market include Yazaki Corporation, GKN Aerospace Services Limited, Glenair, TE Connectivity Ltd., and KSaria Corporation amongst others.
In addition, the aerospace wiring harness market has more intensive competition. The availability of aircraft wiring harness raw material through regional distributors leads to the creation of price variations and quality issues which will lead to the creation of more competition amongst market players. Moreover, various aircraft wiring harness manufacturers are now focused on manufacturing advanced wiring systems that can be changed as per the requirements without the requirement of extensive rewiring in the aircraft and this will lead to creating better opportunities in the future.
Aerospace Wiring Harness Market Leaders
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Yazaki Corporation
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GKN Aerospace Services Limited
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TE Connectivity Ltd.
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Glenair, Inc.
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kSARIA Corporation
*Disclaimer: Major Players sorted in no particular order
Aerospace Wiring Harness Market News
In November 2022, SAMSOS JV announced that they had won a contract from Boeing SASMOS JV Secures Contract for Wiring Harness of Boeing P-8A Poseidon Aircraft. Moreover, Fokker ELMO SAMSOS Interconnection Systems Limited (FESIL) which is a joint venture between Fokker ELMO and SAMSOS announced that they have been manufacturing electrical wiring interconnection systems for the aerospace industry since 2016 which includes wiring harnesses for P-81A and P-8I aircraft.
In February 2021, GKN Aerospace announced that they have delivered its first product from India's electrical wiring facility. Moreover, GKN Aerospace announced that its first product is a wire harness for Collins Aerospace and will be employed in the air management system of the Boeing B787 Dreamliner.
Aerospace Wiring Harness Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Wing
- 5.1.2 Fuselage
- 5.1.3 Interior
- 5.1.4 Engine
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5.2 Application
- 5.2.1 Commercial Aircraft
- 5.2.2 Business Jets
- 5.2.3 Helicopters
- 5.2.4 Military Aircraft
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Qatar
- 5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Yazaki Corporation
- 6.2.2 Amphenol Aerospace
- 6.2.3 Carlisle Interconnect Technologies (Carlisle Companies Incorporated)
- 6.2.4 GKN Aerospace Services Limited
- 6.2.5 Glenair, Inc.
- 6.2.6 HarcoSemco LLC
- 6.2.7 kSARIA Corporation
- 6.2.8 LATECOERE
- 6.2.9 TE Connectivity Ltd.
- 6.2.10 Interconnect Wiring L.L.P.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAerospace Wiring Harness Industry Segmentation
The aerospace wiring harness is an arrangement of interconnecting wires in the aircraft to serve the purpose of transmitting the electrical power signals in the electric chamber of the aircraft. It also provides the service to the switching device, control systems, and trunk lines. The need for compact wiring, ease of operation in handling the different devices, and protection against vibration and abrasion increases the significance of wiring harnesses in the aerospace industry.
The aerospace wiring harness market is segmented based on product type, application, and geography. By product type, the market is segmented into wing, fuselage, interior, and engine. By application, the market is segmented into commercial aircraft, business jets, helicopters, and military aircraft. The report also covers the market sizes and forecasts for the aerospace wiring harness market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Product Type | Wing | |
| Fuselage | ||
| Interior | ||
| Engine | ||
| Application | Commercial Aircraft | |
| Business Jets | ||
| Helicopters | ||
| Military Aircraft | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Qatar | ||
| Rest of Middle East and Africa |
Aerospace Wiring Harness Market Research FAQs
How big is the Aerospace Wiring Harness Market?
The Aerospace Wiring Harness Market size is expected to reach USD 2.16 billion in 2024 and grow at a CAGR of 5.76% to reach USD 2.85 billion by 2028.
What is the current Aerospace Wiring Harness Market size?
In 2024, the Aerospace Wiring Harness Market size is expected to reach USD 2.16 billion.
Who are the key players in Aerospace Wiring Harness Market?
Yazaki Corporation, GKN Aerospace Services Limited, TE Connectivity Ltd., Glenair, Inc. and kSARIA Corporation are the major companies operating in the Aerospace Wiring Harness Market.
Which is the fastest growing region in Aerospace Wiring Harness Market?
North America is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Aerospace Wiring Harness Market?
In 2023, the Asia Pacific accounts for the largest market share in Aerospace Wiring Harness Market.
What years does this Aerospace Wiring Harness Market cover, and what was the market size in 2023?
In 2023, the Aerospace Wiring Harness Market size was estimated at USD 2.04 billion. The report covers the Aerospace Wiring Harness Market historical market size for years: 2023. The report also forecasts the Aerospace Wiring Harness Market size for years: 2024, 2025, 2026, 2027 and 2028.
Aerospace Wiring Harness Industry Report
Statistics for the 2024 Aerospace Wiring Harness market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerospace Wiring Harness analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
