The Electrical Wiring Interconnection System (EWIS) Market Size was valued at USD 6.60 billion in 2022 and is expected to reach USD 9.53 billion by 2030 with a growing CAGR of 4.69% over the forecast period 2023-2030.
Aviation EWIS System (Aviation Electrical wiring interconnection system) is a type of aircraft wiring system that consists of wiring devices, wires, or their combinations, as well as termination devices, which are installed in various areas of the aircraft for the transfer of electrical energy, including data and signals, between two or more intended termination points. The aviation EWIS system essentially gives numerous aircraft components operational capabilities.
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The expansion in aircraft fleet and new orders is driving the growth in demand for Aviation EWIS System market. This is due to increased air routes and rising passenger travel demand. According to the International Air Transport Association, worldwide passenger traffic is increasing by more than 8% per year.
The global increase in passenger travel, with the creation of more than 701 routes for better connectivity. This increase in worldwide passenger traffic will also contribute to the expansion of the airline and aircraft industries, resulting in the expansion of the Aviation EWIS System market over the forecast period.
MARKET DYNAMICS
KEY DRIVERS
Globally, new aircraft orders are increasing.
Increased Demand for Electric Aircraft
RESTRAINTS
The goal of aircraft manufacturers is to reduce overall aircraft wiring.
Existing aircraft backlogs, tight regulatory standards, and the high cost of manufacturing setup serve as impediments.
OPPORTUNITIES
Technological developments in the overall weight reduction of EWIS will further contribute to the growth of the worldwide electrical wire interconnection system market.
New Aircraft Manufacturers Emerge in Asia Pacific
CHALLENGES
Strict Regulatory Standards
IMPACT OF COVID-19
The COVID-19 scenario has delayed research and development in electrical wiring connections systems due to announced lockdowns and government prohibitions on public gatherings.
The COVID-19 impact has caused a slowing in the economies of various countries, which may constrain government investments in state-owned defence firms. Such a reduction in investment will have a direct impact on the growth of the electrical wiring interconnection system (EWIS) industry.
Travel limitations caused by COVID-19 have also had a significant influence on the production of electrical wire connections systems, disrupting the supply chain of components such as clamps and cables.
As travel restrictions lessen around the world, there will be a major increase in demand for electrical wiring interconnection systems (EWIS).
The EWIS market has been divided into OEM and aftermarket segments based on end use. The OEM industry is likely to dominate the EWIS market. The expansion of the OEM segment of the EWIS market is likely to be driven by an increase in aircraft deliveries in emerging nations such as China and India. The usage of electrically-driven components in new aircraft is also fueling growth in this category, as modern aircraft technologies necessitate numerous electrical connections.
During the forecast period, the interior sector of the EWIS market is expected to grow at the fastest CAGR. The EWIS market has been classified into propulsion, air frame, interiors, avionics, and others. During the forecast period, the interiors segment is expected to increase at the fastest CAGR. This segment's expansion can be linked to the desire to improve passenger travel experiences and upgrade existing aircraft with new IFE systems.
Commercial Aviation This sector dominated the market and is predicted to grow at a higher CAGR from 2022 to 2028, owing to factors such as increased aircraft deliveries globally. Furthermore, increased domestic air passenger traffic in emerging economies is likely to support commercial aviation growth during the projection period. Military aviation is predicted to increase at a considerable CAGR from 2022 to 2028, mainly to rising military expenditures in developing countries like as China and India.
By Application
Avionics
Interiors
Propulsion
Air-frame
Others
By Component
Wires and Cables
Connectors & Connector Accessories
Electrical Grounding & Bonding Devices
Electrical Splices
Protection Materials
Clamps
Pressure Seals
Others
By End User
OEM
Aftermarket
By Aviation Type
Commercial Aviation
Business and General Aviation
Military Aviation
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REGIONAL ANALYSIS
Because of the presence of important businesses such as Ducommun Incorporated and Esterline Technologies, North America dominated the electrical wire interconnection system (EWIS) market.
Europe The presence of major aircraft manufacturers, such as Airbus S.A.S, is projected to drive market expansion in the region.
Asia-Pacific is expected to see the highest CAGR during the projection period. The increasing aviation industries in China, Japan, and India are likely to drive up demand for EWIS throughout Asia-Pacific.
Increasing international tourism and passenger traffic in nations such as the Gulf Cooperation Council, Brazil, and South Africa are expected to drive up demand for EWIS in the region. Furthermore, increased investment in EWIS by important airlines such as Qatar Airlines and Emirates Group is likely to fuel regional market expansion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Transdigm Group Inc., Amphenol Corporation., Co-Operative Industries Aerospace & Defense - A Division of kSARIA, InterConnect Wiring, Collins Aerospace, Safran, GKN Aerospace Services Limited, Latécoère, Ducommun Incorporated, TE Connectivity, and other players
Transdigm Group Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 6.60 Billion |
| Market Size by 2030 | US$ 9.53 Billion |
| CAGR | CAGR of 4.69% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Avionics, Interiors, Propulsion, Airframe, and Others) • By Component (Wires and Cables, Connectors & Connector Accessories, Electrical Grounding & Bonding Devices, Electrical Splices, Protection Materials, Clamps, Pressure Seals, and Others) • By End User (OEM, and Aftermarket) • By Aviation Type (Commercial Aviation, Business and General Aviation, and Military Aviation) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Transdigm Group Inc., Amphenol Corporation., Co-Operative Industries Aerospace & Defense - A Division of kSARIA, InterConnect Wiring, Collins Aerospace, Safran, GKN Aerospace Services Limited, Latécoère, Ducommun Incorporated, TE Connectivity, and other players. |
| Key Drivers | • Globally, new aircraft orders are increasing. • Increased Demand for Electric Aircraft |
| Restraints | • The goal of aircraft manufacturers is to reduce overall aircraft wiring. • Existing aircraft backlogs, tight regulatory standards, and the high cost of manufacturing setup serve as impediments. |
The market size for the Electrical Wiring Interconnection System Market was valued at USD 6.60 billion in 2022.
The expected CAGR of the Electrical Wiring Interconnection System Market is 4.69% during the forecast period 2023-2030.
The leading players in the Electrical Wiring Interconnection System Market include Transdigm Group Inc., Amphenol Corporation., Co-Operative Industries Aerospace & Defense - A Division of kSARIA, InterConnect Wiring, Collins Aerospace, Safran, GKN Aerospace Services Limited, Latécoère, Ducommun Incorporated, and TE Connectivity.
North America region dominated the Electrical Wiring Interconnection System Market.
Technological developments in the overall weight reduction of EWIS and emergence of new aircraft manufacturers in Asia Pacific region are creating lucrative opportunities for the Electrical Wiring Interconnection System Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electrical Wiring Interconnection System Market Segmentation, by Application
8.1 Avionics
8.2 Interiors
8.3 Propulsion
8.4 Air-frame
8.5 Others
9. Electrical Wiring Interconnection System Market Segmentation, by Component
9.1 Wires and Cables
9.2 Connectors & Connector Accessories
9.3 Electrical Grounding & Bonding Devices
9.4 Electrical Splices
9.5 Protection Materials
9.6 Clamps
9.7 Pressure Seals
9.8 Others
10. Electrical Wiring Interconnection System Market Segmentation, by End User
10.1 OEM
10.2 Aftermarket
11. Electrical Wiring Interconnection System Market Segmentation, by Aviation Type
11.1 Commercial Aviation
11.2 Business and General Aviation
11.3 Military Aviation
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Transdigm Group Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Amphenol Corporation.
13.3 Co-Operative Industries Aerospace & Defense - A Division of kSARIA
13.4 InterConnect Wiring
13.5 Collins Aerospace
13.6 Safran
13.7 GKN Aerospace Services Limited
13.8 Latécoère
13.9 Ducommun Incorporated
13.10 TE Connectivity.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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