Electric Wiring Interconnection Systems Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.77 Billion |
| Market Size (2029) | USD 12.75 Billion |
| CAGR (2024 - 2029) | 5.46 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Electric Wiring Interconnection Systems Market Analysis
The Electric Wiring Interconnection Systems Market size is estimated at USD 9.77 billion in 2024, and is expected to reach USD 12.75 billion by 2029, growing at a CAGR of 5.46% during the forecast period (2024-2029).
The electric wiring interconnection systems (EWIS) market is pivotal for electrical systems in aerospace, defense, marine, and other key sectors. It encompasses wires, cables, connectors, terminals, and ancillary components such as pressure seals and clamps. In today's electronic landscape, EWIS plays a central role. Adopting lightweight composites and high-performance alloys has significantly boosted the efficiency and reliability of wire systems. With surging demand for new aircraft and defense systems, advanced EWIS solutions are becoming indispensable across aerospace and defense platforms. OEMs have responded by developing top-tier wiring systems that meet and exceed international standards to comply with stringent regulations.
However, the EWIS market faces significant growth challenges. These challenges range from high R&D and manufacturing costs to increasingly stringent regulatory demands and complex certification processes. Additionally, the market is susceptible to supply chain disruptions and economic uncertainties. Competition in the EWIS sector is intense, with established players and newcomers aggressively competing for market share. Consequently, strategic partnerships are on the rise as companies seek to expand their market foothold. Given the increasing demand for dependable electrical systems, the EWIS market is poised for sustained growth.
Electric Wiring Interconnection Systems Market Trends
The Defense Segment is Expected to Showcase Remarkable Growth During the Forecast Period
Electrical wiring interconnection systems (EWIS) are pivotal in prioritizing reliability, safety, and performance in defense applications. These advanced systems are crucial for integrating and managing control and monitoring systems on naval vessels, offering real-time data and diagnostics to bolster operational efficiency and safety. EWIS integrates power, communication, and advanced targeting systems in land-based applications like tanks and armored vehicles, ensuring operational readiness even in combat scenarios. The increasing use of EWIS in defense underlines the necessity for robust, adaptable wiring systems to meet the intricate demands of modern military operations.
Recent contracts underscore the expanding role of EWIS in bolstering defense capabilities, especially in areas like missile defense, aircraft production, and advanced missile technology. For instance, in November 2023, Boeing Defense, Space & Security secured a USD 2.33 billion contract modification to produce fifteen KC-46A Air Force Production Lot 10 aircraft featuring advanced EWIS components for enhanced communication and navigation. These developments signal a promising trajectory for EWIS applications in defense, hinting at continued segment growth.
Asia-Pacific is Expected to Witness the Fastest Growth During the Forecast Period
In recent years, air travel in Asia-Pacific has increased. With China, India, and South Korea poised for a rebound in international traffic, aircraft companies are ramping up, acquiring more planes to meet the growing demand. The region's aviation sector is rapidly expanding, driven by a surge in airport construction and increased defense spending by various Asian nations.
As passenger numbers climb, Indian airlines are keeping pace. They are expanding their fleets, opening new routes, and embracing advanced technologies to enhance efficiency, reduce maintenance costs, and elevate the passenger experience. A key focus of this modernization drive is the upgrade of EWIS systems. Illustrating this shift, in 2023, Air India, now under the Tata Group, ordered 470 aircraft, while IndiGo secured an additional 500 narrow-body planes. Domestic airlines are poised to welcome over 1,600 planes during the forecast period, with Indian carriers aiming for a fleet size of 1,500 to 2,000 by 2030. These advancements and substantial investments in defense modernization are driving the growth in the region's aviation and EWIS systems market.
Electric Wiring Interconnection Systems Industry Overview
The electric wiring interconnection systems market is consolidated, with a few players holding significant shares. Some of the key players in the market are LATECOERE, GKN Aerospace Services Limited, RTX Corporation, TE Connectivity Ltd, and Smiths Group PLC.
Major OEMs are significantly ramping up their R&D efforts, unveiling cutting-edge wiring harnesses tailored for the aerospace and defense sectors. In December 2023, Radiall SA rolled out a suite of new offerings. Among these, its Quick Slim connector was the standout, engineered explicitly for aerospace applications. This connector, designed to house numerous cables in a compact space, has an efficient size profile. Its unique blend of high-density wiring and EMI protection is noteworthy, all within a shell-to-shell grounded configuration. This ensures top-tier performance and caters to the sector's ever-evolving technology and design demands.
Electric Wiring Interconnection Systems Market Leaders
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GKN Aerospace Services Limited
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RTX Corporation
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TE Connectivity Ltd.
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Smiths Group plc
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LATECOERE
*Disclaimer: Major Players sorted in no particular order
Electric Wiring Interconnection Systems Market News
May 2024: GKN Aerospace reached an important milestone in its collaboration with Eviation (United States) by delivering the first fully integrated wings, empennage, and EWIS for the Alice all-electric aircraft. The wings and empennage featured advanced composite technology and were the first fully integrated structures offered by GKN Aerospace.
September 2023: Rosenberger received a contract to provide the high-voltage electrical harness systems for the first all-electric vertical take-off and landing jet developed by Lilium NV.
Electric Wiring Interconnection Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 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 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Component
- 5.1.1 Wires and Cables
- 5.1.2 Connectors and Connector Accessories
- 5.1.3 Terminals and Splices
- 5.1.4 Other Components
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5.2 Platform
- 5.2.1 Aviation
- 5.2.1.1 Military Aviation
- 5.2.1.2 Civil and Commercial Aviation
- 5.2.2 Defense
- 5.2.3 Marine
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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 Russia
- 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 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 Egypt
- 5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 TE Connectivity Ltd
- 6.1.2 GKN Aerospace Services Limited
- 6.1.3 Sika Interplant Systems Limited
- 6.1.4 RTX Corporation
- 6.1.5 Safran SA
- 6.1.6 E.I.S. Electronics GmbH
- 6.1.7 Amphenol Corporation
- 6.1.8 AMETEK Inc.
- 6.1.9 LATECOERE
- 6.1.10 Radiall SA
- 6.1.11 L3Harris Technologies Inc.
- 6.1.12 Smiths Group PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityElectric Wiring Interconnection Systems Industry Segmentation
Electric wiring interconnect systems (EWIS) represent a unified approach to aircraft wiring design and layout and encompass all wires and wired devices installed in aircraft to transmit electrical energy.
The electric wiring interconnect systems market is segmented by component, platform, and geography. By component, the market is segmented into wires and cables, connectors and connector accessories, terminals and splices, and other components (pressure seals, clamps, electrical bonding devices, etc.). By platform, the market is segmented into aviation, defense, and marine. The aviation segment is divided into military, civil, and commercial aviation. The report also covers the market sizes and forecasts for the electric wiring interconnect systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Component | Wires and Cables | |
| Connectors and Connector Accessories | ||
| Terminals and Splices | ||
| Other Components | ||
| Platform | Aviation | Military Aviation |
| Civil and Commercial Aviation | ||
| Platform | Defense | |
| Marine | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Egypt | ||
| Rest of Middle East and Africa |
Electric Wiring Interconnection Systems Market Research FAQs
How big is the Electric Wiring Interconnection Systems Market?
The Electric Wiring Interconnection Systems Market size is expected to reach USD 9.77 billion in 2024 and grow at a CAGR of 5.46% to reach USD 12.75 billion by 2029.
What is the current Electric Wiring Interconnection Systems Market size?
In 2024, the Electric Wiring Interconnection Systems Market size is expected to reach USD 9.77 billion.
Who are the key players in Electric Wiring Interconnection Systems Market?
GKN Aerospace Services Limited, RTX Corporation, TE Connectivity Ltd., Smiths Group plc and LATECOERE are the major companies operating in the Electric Wiring Interconnection Systems Market.
Which is the fastest growing region in Electric Wiring Interconnection Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Electric Wiring Interconnection Systems Market?
In 2024, the Asia Pacific accounts for the largest market share in Electric Wiring Interconnection Systems Market.
What years does this Electric Wiring Interconnection Systems Market cover, and what was the market size in 2023?
In 2023, the Electric Wiring Interconnection Systems Market size was estimated at USD 9.24 billion. The report covers the Electric Wiring Interconnection Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Wiring Interconnection Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electric Wiring Interconnection Systems Industry Report
Statistics for the 2024 Electric Wiring Interconnection Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Wiring Interconnection Systems analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
