glass cockpit systems. Furthermore, increasing up-gradation of existing aircraft and rising demand for new aircraft are propelling the growth of the market.
Factors such as increasing air passenger traffic and stringent government regulations regarding aircraft wires and cables are driving the market growth. However, current backlogs in aircraft deliveries are expected to hinder the growth of the market.
The global aircraft wires and cables market has been segmented on the basis of type, fit, aircraft, application, and region.
In terms of region, the global aircraft wires and cables market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America accounted for a dominant share of the global market in 2018. However, the market in Asia-Pacific is projected to expand at the highest CAGR during the forecast period. Growing air passenger traffic in countries such as China and India is driving the market growth in the region.
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Key Players
Key players operating in the global aircraft wires and cables market are Amphenol Corporation (US), AMETEK, Inc. (US), Arrow Electronics, Inc. (US), Carlisle Companies Inc. (US), Leviton Manufacturing Co., Inc. (US), The Angelus Corporation (US), Radiall (France), Collins Aerospace (US), TE Connectivity (Switzerland), W.L.Gore & Associates, Inc. (US), NEXANS (France).