The electrical wiring interconnection system (EWIS) market is projected to grow from USD 5.9 billion in 2020 to USD 7.92 billion by 2027, at a CAGR 4.1 % from 2020 to 2027. Aircraft electrical wiring interconnection system (EWIS) means combination of wiring device and wire which are fixed in any area of the aircraft for the purpose of conveying electrical energy, which includes different components of signals and data between one or more intended termination points. The electrical wiring interconnection system (EWIS) is mandated by the different aviation regulation authority such as Federal Aviation Regulations (FAR), Joint Aviation Authorities (JAA), others for the all-transport category aircraft. This in turn is also expected to increase the demand for the electrical wiring interconnection system (EWIS) market during the forecast period. Furthermore, this innovation has slowly made its way into the aviation industry and is presently being reflected among the different interconnection systems. Increasing new aircraft operation and orders across the globe, is anticipated to pull the demand for the electrical wiring interconnection system (EWIS) market in coming years. The global electrical wiring interconnection system (EWIS) market is estimated to witness a stable growth during the projection period from 2020-2027.
The growth in demand for Aviation EWIS System market is mainly due to the increase in aircraft fleet and new orders. This is owing to increasing air routes coupled with rising passenger travel demand. According to the IATA (International Air Transport Association), the global passenger traffic rising by more than 6% every year. The day by day increase in passenger traffic across the globe, with an establishment of more than 700 routes for better connectivity. This growth in global passenger traffic will also contribute to the growth of the airlines and aircraft industry which will lead to the growth of Aviation EWIS System market over the forecast period. Additionally, migration of people from rural to urban areas and abroad in search of employment, changing the preference of the general population towards air travel and it will continue over the forecast period.
However, the factors such as the high cost of manufacturing setup, strict standards and guidelines from regulating authority’s restraint the growth of the Aviation EWIS System market over the forecast period. However, the ongoing trend to use updated and enhanced technology equipment for better results will contribute towards the growth of the demand for Aviation EWIS System during the forecast period.
The key players operational in the global aircraft electrical wiring interconnect system (EWIS) market includes Safran (France), GKN Aerospace (Sweden), Esterline Corporation (The U.S.), Latécoère (France), TE Connectivity Ltd. (switzwerland), Amphenol Corporation (The U.S.), Elektro Metall Export (Germany), Radiall (France), W.L. Gore & Associates (The U.S.), Co-Operative Industries Aerospace & Defense (Cia&D) (The U.S.), Interconnect Wiring (The U.S.), Rockwell Collins (The U.S.), Akka Technologies (France), Ametek Inc. (The U.S.), Carlisle Companies Incorporated (The U.S.), Leviton Manufacturing Company, Inc. (The U.S.) and Pic Wire & Cable (The U.S.) among others.
Geographically, electrical wiring interconnection system (EWIS) market is classified into North America, Europe, Asia Pacific, Middle- East and Africa and South America. In 2017, North America and Europe hold the major aircraft electrical wiring interconnect system (EWIS) market share in the aircraft electrical wiring interconnect system (EWIS) market. On the other hand, Asia Pacific market is expected to grow at highest CAGR rate during the forecast period and China, India and Japan are some of the major contributors towards the growth of the aircraft electrical wiring interconnect system (EWIS) market. Owing to increasing number of aircraft avionics equipment manufacturers are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific and Europe. Cumulative emphasis on research and development activities by avionics product manufacturers is also acting as a key factor in the growth for aircraft electrical wiring interconnect system (EWIS) market.
The growth in demand for Aviation EWIS System market is mainly due to the increase in aircraft fleet and new orders. This is owing to increasing air routes coupled with rising passenger travel demand. According to the IATA (International Air Transport Association), the global passenger traffic rising by more than 6% every year. The day by day increase in passenger traffic across the globe, with an establishment of more than 700 routes for better connectivity. This growth in global passenger traffic will also contribute to the growth of the airlines and aircraft industry which will lead to the growth of Aviation EWIS System market over the forecast period. Additionally, migration of people from rural to urban areas and abroad in search of employment, changing the preference of the general population towards air travel and it will continue over the forecast period.
However, the factors such as the high cost of manufacturing setup, strict standards and guidelines from regulating authority’s restraint the growth of the Aviation EWIS System market over the forecast period. However, the ongoing trend to use updated and enhanced technology equipment for better results will contribute towards the growth of the demand for Aviation EWIS System during the forecast period.
The key players operational in the global aircraft electrical wiring interconnect system (EWIS) market includes Safran (France), GKN Aerospace (Sweden), Esterline Corporation (The U.S.), Latécoère (France), TE Connectivity Ltd. (switzwerland), Amphenol Corporation (The U.S.), Elektro Metall Export (Germany), Radiall (France), W.L. Gore & Associates (The U.S.), Co-Operative Industries Aerospace & Defense (Cia&D) (The U.S.), Interconnect Wiring (The U.S.), Rockwell Collins (The U.S.), Akka Technologies (France), Ametek Inc. (The U.S.), Carlisle Companies Incorporated (The U.S.), Leviton Manufacturing Company, Inc. (The U.S.) and Pic Wire & Cable (The U.S.) among others.
Geographically, electrical wiring interconnection system (EWIS) market is classified into North America, Europe, Asia Pacific, Middle- East and Africa and South America. In 2017, North America and Europe hold the major aircraft electrical wiring interconnect system (EWIS) market share in the aircraft electrical wiring interconnect system (EWIS) market. On the other hand, Asia Pacific market is expected to grow at highest CAGR rate during the forecast period and China, India and Japan are some of the major contributors towards the growth of the aircraft electrical wiring interconnect system (EWIS) market. Owing to increasing number of aircraft avionics equipment manufacturers are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific and Europe. Cumulative emphasis on research and development activities by avionics product manufacturers is also acting as a key factor in the growth for aircraft electrical wiring interconnect system (EWIS) market.
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