Asia Pacific Backshell Market Growth Drivers and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia Pacific Backshell Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Circular Backshell and Rectangular Backshell), Material (Aluminum, Nickel, Stainless Steel, and Others), Military Standards (AS85049, MIL-DTL-38999, MIL-DTL-83723, MIL-DTL-5015, MIL-DTL-26482, and Others), and Application (Ground, Naval, and Air)
- Report Date : Oct 2021
- Report Code : TIPRE00025320
- Category : Aerospace and Defense
- Status : Published
- Available Report Formats :
- No. of Pages : 147
The backshell market in Asia Pacific is expected to grow from US$ 105.70 million in 2021 to US$ 174.64 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028.
With the growing concern over carbon emissions, various industries are getting inclined toward the adoption of clean technology to reduce their respective carbon footprints. In terms of transportation, the automotive industry is currently experiencing a significant shift toward electrification. However, the aerospace industry is investing notably in developing electric aircraft. The rising price of fuels is one of the major factors that are driving the aerospace industry to develop electric solutions. Moreover, half of all global flights are shorter than 500 miles. The military-grade connectors along with respective backshells have their applications in commercial electric aircraft. A few companies such as Eviation, magniX, Heart Aerospace, Pipistrel, Ampaire, Bye Aerospace, and Zunum Aero are front runners in the electric aircraft arena. Also, less maintenance, fewer moving components, and lower electricity cost substantially reduce the overall operational cost of an electric aircraft. Thus, the emergence of electric aircraft is expected to create lucrative growth opportunities for the backshell market in the coming years, as the electric aircraft models would require significantly higher volumes of connectors. The volume of backshells is directly proportional to the volume of connectors, which is the catalyst for the backshell market growth.
The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated countries in the world, which leads to the greater risk infection spread. Many global brands and technological companies are headquartered in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. The rapid outbreak of the COVID-19 pandemic has led to strict lockdowns across the region since the starting of 2020. Some part of the region like India are still facing lockdowns owing to the rising cases across the country. The lockdown of various factories in China affects the global supply chains and negatively impacts development, delivery schedules of various products and services. Even as the factories in China are beginning to reopen, several businesses have reduced or hit pause on their operations. The region comprises of several developing countries, which consist of large number of manufacturing facilities. The temporary closure of all economic activities and travel restrictions have drastically reduced the airline passengers leading to low demand for aircrafts among them. Moreover, the travel restriction imposed across the nations have also led to the disruption of supply chain of both manufacturing components and final products from major economies like India and China. These factors have negatively impacted the market due to the outbreak of COVID-19.
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 Asia Pacific backshell market. The Asia Pacific backshell market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Asia Pacific Backshell Market Segmentation
Asia Pacific Backshell Market – By Type
- Circular
- Rectangular
Asia Pacific Backshell Market – By Material
- Aluminum
- Nickel
- Stainless Steel
- Others
Asia Pacific Backshell Market – By Military Standard
- AS85049 Series
- MIL-DTL-38999
- MIL-DTL-83723
- MIL-DTL-5015
- MIL-DTL-26482
- Others
Asia Pacific Backshell Market – By Application
- Ground
- Naval
- Air
- Commercial Aircraft
- Military Aircraft
Asia Pacific Backshell Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Backshell Market – Companies Mentioned
- Amphenol Corporation
- Collins Aerospace
- TE Connectivity
- Souriau Sunbank (EATON)
- Arrow Electronics, Inc.
- Glenair, Inc.
- Curtiss-Wright Corporation
- PEI-Genesis.com
Asia Pacific Backshell Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 105.70 Million |
| Market Size by 2028 | US$ 174.64 Million |
| Global CAGR (2021 - 2028) | 7.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
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- Amphenol Corporation
- Collins Aerospace
- TE Connectivity
- Souriau Sunbank (EATON)
- Arrow Electronics, Inc.
- Glenair, Inc.
- Curtiss-Wright Corporation
- PEI-Genesis.com
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