Middle East & Africa Aircraft Wire & Cable Market Key Companies and SWOT Analysis by 2028
Historic Data: 2018-2019 | Base Year: 2020 | Forecast Period: 2021-2028Middle East & Africa 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 Date : May 2021
- Report Code : TIPRE00022108
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 136
The aircraft wire & cable market in MEA is expected to grow from US$ 37.98 million in 2020 to US$ 50.40 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Growing market for lightweight and durable aircraft wires and cables is the major factor driving the MEA aircraft wire & cable market. At present, the aircraft wires and cables manufacturers can explore potential business opportunities through conducting extensive research & development (R&D) for developing lightweight cables and wires. The availability of lightweight efficient, mechanically durable wires could provide scope for creating sustainable market offerings and subsequently provide attractive market growth opportunities for the market players operating in the market. The wires and cables encompass most of the weight portion of aircraft power systems and a huge fraction of the entire aircraft weight. By opting for substantially lightweight wires would enhance the fuel economy of an aircraft while also surging the amount of load it could carry. The Battlefield Air Operations Kit (BAO) program, which offers equipment for Battlefield Airmen to perform a wide range of missions, has documented requirements to mitigate the volume and weight of cables to reduce personnel fatigue and any hazards during special operations missions. Thus, governments across the regions are swiftly moving from traditional wires and cables to fiber optics. Due to the rising demand for lightweight and strong wires and cables, vendors are highly engaged in designing aircraft wires and cables that can perform even in a rugged environment. Thus, in aircraft wires and cables, a good mixture of strength and flexibility, and lightweight will offer numerous growth opportunities to the vendors operating in the market during the forecast period.
The ongoing COVID-19 has impacted the MEA region very badly. Among the MEA countries, Turkey, Iran, and South Africa have faced the highest COVID-19 cases. Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and UAE. The MEA aircraft wire & cable market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several component has been disturbed. The demand for wires & cables for fast data transfer within a communication system in the aircraft has declined during the lockdown period. This has resulted in a loss of business among the aircraft wire & cable market players offering their products to respective customers in the MEA. Several aircraft manufacturers in South Africa produce general aviation piston aircraft, which demands wires & cables. The widespread COVID–19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for wires & cables, thereby hindering the aircraft wire & cable market in the country. Additionally, the disruption in the supply chain business due to the trade ban has also reflected adverse effects on the aircraft wire & cable market in the country.
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 MEA aircraft wire & cable market. The MEA aircraft wire & cable 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.
MEA Aircraft Wire & Cable Market Segmentation
MEA Aircraft Wire & Cable Market – By Type
- Cable
- Wire
- Harness
MEA Aircraft Wire & Cable Market – By Aircraft Type
- Commercial
- Military
MEA Aircraft Wire & Cable Market – By Fit Type
- Line Fit
- Retrofit
MEA Aircraft Wire & Cable Market – By Application
- Power Transfer
- Data Transfer
- Flight Control System
- Avionics
- Lighting
MEA Aircraft Wire & Cable Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Aircraft Wire & Cable Market - Companies Mentioned
- AMETEK Inc.
- Amphenol Corporation
- Collins Aerospace, a Raytheon Technologies Corporation Company
- Draka
- HUBER+SUHNER
- Nexans
- TE Connectivity Ltd.
- W. L. Gore and Associates, Inc.
Middle East & Africa Aircraft Wire & Cable Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 37.98 Million |
| Market Size by 2028 | US$ 50.40 Million |
| Global CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- AMETEK Inc.
- Amphenol Corporation
- Collins Aerospace, a Raytheon Technologies Corporation Company
- Draka
- HUBER+SUHNER
- Nexans
- TE Connectivity Ltd.
- W. L. Gore and Associates, Inc.
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