Asia-Pacific Aircraft Wire & Cable Market to Grow at a CAGR of 9.1% to reach US$ 265.44 Mn Million from 2020 to 2028

Asia Pacific Aircraft Wire & Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cable, Wire, and Harness), Aircraft Type (Commercial and Military), Fit Type (Line Fit and Retrofit), and Application (Power Transfer, Data Transfer, Flight Control System, Avionics, and Lighting)

  • Report Code : TIPRE00022088
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 167
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The aircraft wire & cable market in APAC is expected to grow from US$ 141.82 million in 2020 to US$ 265.44 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028.



Australia, China, India, Japan, and South Korea are major economies in APAC. Developing economies witnessing rise in MRO activities is the major factor driving the APAC aircraft wire & cable market. MRO activities for upgrading the aircraft fleet. Rising middle-class travelers, especially in APAC: countries, such as India, China, and Singapore, is the main factor contributing to air travel growth, subsequently increasing the need for aircraft MRO services in APAC. The governments in the countries mentioned above and other emerging economies support the growth of aviation MRO services, as it is a crucial strategy to support the economic goals by focusing on enhancing the aircraft MRO activities. The constantly evolving MRO activities pose a potential opportunity for the aircraft wires and cables manufacturers and distributors to market their products to various MRO service providers in the emerging economies. Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China: MTU Maintenance; and ExecuJet Haite Aviation Services China: Co., Ltd. Are among the aircraft MRO businesses in APAC. The rest of APAC: countries, such as Malaysia, Singapore, and Thailand, produce large revenues from aircraft MRO business. For instance, Singapore dominates the MRO market in APAC: due to its established MRO hubs and substantial footprints of major industry players such as GE Aviation, Airbus, and Rolls-Royce. According to Wisconsin Economic Development Corporation (WEDC), Singapore includes 120 aerospace companies, which account for ~25% of the APAC’s MRO business. Additionally, Singapore-based airlines observe a significant growth in passenger counts, propelling the airlines to operate their aircraft fleet for a longer period; the increase in flying hours is directly proportional to MRO activity demand. Thus, it creates various business opportunities for vendors in the region to supply their efficient and dependable aircraft wires and cables to growing MRO facilities in emerging economies.

The ongoing COVID-19 has caused havoc in the APAC region. APAC is characterized by many developing countries, a positive economic outlook, high industrial presence, huge population, and rising disposable income. These factors make APAC a major growth driving region for various markets, including aircraft wire & cable. The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries are taking possible steps to reduce its effects by announcing lockdown, negatively affecting the manufacturing sector. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries. Due to this, the manufacturing facilities have been witnessing severe aircraft and aircraft-associated components manufacturing facilities. India and Indonesia are still combating the spread of the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs and aftermarket players regionally and internationally. This has been negatively affecting the aircraft wire & cable market.  Several airlines in APAC have retired their wide-body jets and narrow-body jets. This factor is anticipated to inhibit the aircraft wire & cable market for the next few months. For instance, Australia-based Qantas retired its Boeing B747 in mid-2020 to cope with the COVID-19 pandemic's financial pressure. Thus, the retirement of wide-body jets is foreseen to be creating tremors on aviation aftermarket and eventually on the aircraft wire & cable market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC aircraft wire & cable market. The Asia Pacific aircraft wire & cable market is expected to grow at a good CAGR during the forecast period.
Asia Pacific aircraft wire & cable market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

APAC Aircraft Wire & Cable Market Segmentation

APAC Aircraft Wire & Cable Market – By Type

  • Cable
  • Wire
  • Harness

APAC Aircraft Wire & Cable Market – By Aircraft Type

  • Commercial
  • Military

APAC Aircraft Wire & Cable Market – By Fit Type

  • Line Fit
  • Retrofit

APAC Aircraft Wire & Cable Market – By Application

  • Power Transfer
  • Data Transfer
  • Flight Control System
  • Avionics
  • Lighting

APAC Aircraft Wire & Cable Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC  

APAC Aircraft Wire & Cable Market - Companies Mentioned

  • A.E. Petsche Company
  • AMETEK Inc.
  • Amphenol Corporation
  • Axon Enterprise, Inc.
  • Collins Aerospace, a Raytheon Technologies Corporation Company
  • Draka
  • Glenair, Inc.
  • Harbour Industries, LLC
  • HUBER+SUHNER 
  • Nexans
  • Radiall
  • TE Connectivity Ltd.
  • W. L. Gore and Associates, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Aircraft Type, Fit Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia Pacific Aircraft Wire & Cable Market

  1. A.E. Petsche Company
  2. AMETEK Inc.
  3. Amphenol Corporation
  4. Axon Enterprise, Inc.
  5. Collins Aerospace, a Raytheon Technologies Corporation Company
  6. Draka
  7. Glenair, Inc.
  8. Harbour Industries, LLC
  9. HUBER+SUHNER 
  10. Nexans
  11. Radiall
  12. TE Connectivity Ltd.
  13. W. L. Gore and Associates, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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