Global Aerospace Wire Harnesses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerospace Wire Harnesses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A wire harness is an assembly of electrical cables or wires which transmit signals or electrical power. Known for straightforwardness, effectiveness, and low cost, wire harness is designed to streamline and organize multi-wire systems while protecting the wires from the elements, resulting in a cleaner, safer working environment. Every component that goes into aerospace equipment must meet extremely strict standards for quality and precision. Aerospace Wire Harnesses need to withstand the extreme conditions that aerospace devices often encounter.

Market Overview:

The latest research study on the global Aerospace Wire Harnesses market finds that the global Aerospace Wire Harnesses market reached a value of USD 785.4 million in 2022. It’s expected that the market will achieve USD 1232.27 million by 2028, exhibiting a CAGR of 7.8% during the forecast period.

Strict production standards and specifications

The IPC publication IPC/WHMA-A-620 standardizes the Aerospace Wire Harnesses to meet the minimum requirements for Aerospace Wire Harnesses. In view of the potential changes that may occur in the industry or technology, the publication will be reviewed frequently to ensure that the published standards remain at acceptable standards. IPC/WHMA-A-620 publication sets standards for various components in Aerospace Wire Harnesses, including but not limited to electrostatic discharge protection, conduit, installation and maintenance, crimping, tensile test requirements and other operations which are essential to the production and function of Aerospace Wire Harnesses. The standards set by IPCS vary according to the classification of products in the three defined product categories. Categories include Category 3: High-performance electronic products, which are suitable for products that require continuous and consistent performance, and cannot tolerate non-working periods. The environment in which these cable harnesses are used may be extremely harsh. This category includes equipment involved in life support systems or equipment used for military purposes. The production of Aerospace Wire Harnesses industry needs to comply with relevant specifications and standards, which poses certain challenges to the industry.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Aerospace Wire Harnesses industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (53.36% in 2022).

Company Overview:

Safran is one of the major players operating in the Aerospace Wire Harnesses market, holding a share of 20.36% in 2023.

Safran

Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace-component and defense corporation. It was formed by a merger between the aircraft and rocket engine manufacturer and aerospace component manufacturer group SNECMA and the security company SAGEM in 2005. Safran operates in the aircraft propulsion and equipment, space and defense markets.

Latécoère

As an international leader in the aviation industry, Latécoère carries out development, manufacturing and product support activities (repair, replacement, etc.) in the field of both Aerostructures and Interconnection Systems. It is also closely involved in engineering services, tooling and metrology.

Segmentation Overview:

As for product types, the Open Bundle Harnesses segment held the largest market share in 2022.

Open Bundle Harnesses

Open bundle harnesses are open and accessible. This style of electrical wiring harness does not have an overall protective covering as closed bundle harnesses do. Because there is no external braiding, sheathing, or covers over the wire jacket bundles, backshells, or connectors they can be repaired and or replaced if needed.

Closed Bundle Harnesses

Closed bundle harness designs are ideal for hostile environments where ultimate protection is required. The harness branches are enclosed with materials that protect the inner wire jackets and conductors from mechanical damage and electrical (EMI) compromises.

Overmolded Harnesses

The overmolded electrical wiring harness design offers molded exterior protection for electrical cable and harness backshells. The difference between overmolded harnesses and closed Bundle harnesses is that the backshell is encapsulated in protective material.

Application Overview:

The market's largest segment by application is the segment Civil & Cargo Aircraft, with a market share of 62.51% in 2022.

Key Companies in the global Aerospace Wire Harnesses market covered in Chapter 3:

Raytheon Technologies
IMP Group
HarcoSemco
AMETEK
Latécoère
Carlisle Companies
Shenyang Aircraft Corporation (SAC)
GKN Fokker
Amphenol
Miracle Aerospace
Safran
Unison Industries
TOYO KOKU DENSHI
Interconnect Wiring
Co-Operative Industries

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerospace Wire Harnesses market from 2018 to 2029 is primarily split into:

Open Bundle Harnesses
Closed Bundle Harnesses
Overmolded Harnesses

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerospace Wire Harnesses market from 2018 to 2029 covers:

Civil & Cargo Aircraft
Civil Helicopter
Military Aircraft
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)