Aviation Connector Market Forecasts to 2030 – Global Analysis By Type (PCB (Printed Circuit Board), High Power and Other Types), Aircraft Type (General Aviation, Very Large Aircraft and Other Aircraft Types), Shape, Platform, Application, End User and By

Aviation Connector Market Forecasts to 2030 – Global Analysis By Type (PCB (Printed Circuit Board), High Power and Other Types), Aircraft Type (General Aviation, Very Large Aircraft and Other Aircraft Types), Shape, Platform, Application, End User and By Geography

According to Stratistics MRC, the Global Aviation Connectors Market is accounted for $5.90 billion in 2023 and is expected to reach $9.46 billion by 2030 growing at a CAGR of 6.97% during the forecast period. Aviation connectors are specialized electrical connectors made for use in aircraft and aerospace application. Aviation connectors are essential to maintaining safe and dependable electrical connections. They are renowned for their high performance, resilience to severe temperatures and vibrations, and durability. These parts, which come in a variety of forms, including fiber optic, rectangular, and circular connectors, make it easier for electronic systems to integrate seamlessly into modern aircraft, improving both the overall effectiveness and safety of air travel.

According to Boeing, an American aircraft manufacturing company, the number of aircraft ordered has increased by 61.28% from 2010 to 2018. In 2018, Boeing received a USD 9.2 billion contract to produce the United States air force’s next-generation training jet.

Market Dynamics:

Driver:

Upgrading and replacing the fleet of aging aircraft

Airlines purchase new aircraft or renovate their current fleet in an effort to improve operational effectiveness, safety, and compliance with contemporary technological standards. In order to support the newest avionics and communication systems, this calls for the adoption of advanced aviation connectors. A growing number of modern aircraft are in need of high-performance connectors because they require dependable electrical connectivity and data transmission. As a result, the market for aviation connectors grows, driven by the aviation industry's continuous fleet modernization initiatives.

Restraint:

Cyclical nature of the aviation industry

Because of the inherent cyclical nature, the aviation connectors industry is impacted by geopolitical events and technological advancements. These variations have an immediate effect on the market for aviation connectors as well as the demand for aircraft. The demand for aviation connectors is impacted by decreased investments in new aircraft due to lower air travel and airline profitability during economic downturns. The industry's reliance on protracted aircraft development cycles as well as the linked supply chain further amplify the cyclicality.
Opportunity:

Space exploration

In order to ensure smooth power distribution and communication in spacecraft and satellite systems, there is an increasing need for technologically sophisticated and dependable connectors as space missions become more frequent and ambitious. Aviation connectors provide improved durability and performance in the harsh space environments that support the complex network of electronic components in space vehicles. Aviation connector manufacturers are well-positioned to benefit from this trend by offering cutting-edge solutions that satisfy the exact specifications of space exploration projects.

Threat:

Emerging technologies

Emerging technologies are making conventional connectors outdated due to improvements in materials, miniaturization, and connectivity. More dependable and faster connectors are needed for the integration of smart technologies, like Internet of Things (IoT) devices and sophisticated sensors. Furthermore, the popularity of hybrid and electric aircraft creates new power distribution challenges that call for creative connector solutions. The performance and longevity of connectors could be improved by using cutting-edge materials and manufacturing processes, providing alternatives to the current materials.
Covid-19 Impact:

The demand for aviation connectors decreased as a result of a decline in the number of new aircraft orders and postponed maintenance plans. Financial difficulties for airlines and aircraft manufacturers resulted in budget cuts and postponed capital expenditures, which had an additional negative impact on the market. Production and distribution of aviation connectors temporarily slowed down as a result of supply chain disruptions caused by the aviation industry downturn. The market for aviation connectors is anticipated to grow as the industry gradually recovers, but there are still unknowns related to how quickly the aviation sector will recover and how the global economy will perform.

The ethernet segment is expected to be the largest during the forecast period

The growing need for dependable and fast data transfer in aircraft systems has led to a notable expansion of the Ethernet segment over the forecast period. The use of Ethernet-based solutions has been fueled by the aviation industry's emphasis on connectivity and data exchange for improved navigation, communication, and surveillance. The increasing intricacy of avionics systems and the demand for safe and effective data transfer are two more factors driving this expansion.
The military segment is expected to have the highest CAGR during the forecast period

The aviation connector market's military segment has grown extensively over the forecast period as a result of rising defense spending and national modernization initiatives. The need for strong and high-performance connectors in military aircraft is a result of the need for sophisticated avionic systems, communication technology, and electronic warfare technologies. In order to ensure smooth power distribution, data transfer, and communication within intricate defense systems, these connectors are essential. Furthermore, the development of advanced fighter jets and unmanned aerial vehicles (UAVs) has increased demand for modern connectors and stimulated market expansion for military aviation connectors.
Region with largest share:

The market for aviation connectors has grown immensely in the North American region as a result of the growth of the aerospace and defense industries and a spike in demand for sophisticated avionics systems. The requirement for dependable and high-performing connectors has increased due to the growing use of electronic and networked components in contemporary aircraft. Furthermore, the continuous modernization of current fleets and the development of next-generation aircraft are also responsible for this growth, which has resulted in a thriving market for aviation connectors in North America.

Region with highest CAGR:

The market for aviation connectors has grown substantially in the Europe due to the region's thriving aerospace and defense sector, technological developments and high-performance connectors. The development and uptake of cutting-edge aviation connector technologies are largely attributed to European nations, which place a strong emphasis on innovation and strict safety regulations. Furthermore, the aviation connector market in Europe is expected to continue growing due to the ongoing modernization of aircraft and the expansion of the aviation industry in the region.

Key players in the market

Some of the key players in Aviation Connectors market include Amphenol Corporation, Aviation Ground Equipment Corp, AVIC, Bel Fuse Inc., Carlisle Interconnect Technologies, Conesys Inc., Connectronics Corp, Eaton Corporation, Esterline Technologies Corporation, Fischer Connectors SA, Glenair, Inc , ITT Corporation, Radiall Inc., Rosenberger Hochfrequenztechnik , Smiths Group PLC and TE Connectivity.

Key Developments:

In November 2023, Intelligent power management company Eaton announced the opening of its newest global Innovation Center near Montreal in Brossard, Quebec, Canada. At the 35,000-square-foot space, Eaton will aim to accelerate the research and development of distributed energy resource (DER) technologies enabling sustainable electricity for buildings, homes, industry, and the electric grid. Eaton is bringing approximately 150 specialized jobs to Brossard for the center.

In November 2023, US-based diversified industrial manufacturer, ITT Industries Inc and Tecnik Fluid Controls, a leading manufacturer of custom-designed industrial fluid control valves, has signed a joint venture agreement with to manufacture industrial valves for the pharmaceutical industry in India with undisclosed fresh investment. ITT will transfer the required technology to enable the manufacture of the valves in India and over a period of time, will purchase valves from the joint venture for distribution in the US.

Types Covered:
• PCB (Printed Circuit Board) • High Power • Fiber Optic • RF Connectors • High Speed • Ethernet
• Other Types
Aircraft Types Covered:
• General Aviation• Very Large Aircraft• Regional Aircraft• Wide-Body Aircraft• Helicopter • Narrow-Body Aircraft• Other Aircraft Types
Shapes Covered:
• Rectangular• Circular• Other Shapes
Platforms Covered:
• Rotary Wing• Fixed Wing• Other Platforms
Applications Covered:
• Landing Gear • Engine Control System • Avionics • Cabin Equipment • Airframe • Interiors and In Flight Entertainment • Other Applications
End Users Covered:
• Military• Business Jets• Commercial• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
JapanChinaIndiaAustralia
New Zealand
South Korea
Rest of Asia Pacific• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances