MIL-DTL-81714 Series II Connectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Aircraft Lighting, Unmanned Aerial Vehicle, Unmanned Ground Vehicle, and Combat Systems & Weaponry) and End Users (Aircraft Manufacturers, UAV Manufacturers, UGV Manufacturers, Aircraft MRO Service Providers, Weaponry Manufacturers, and Combat System Integrators)
Publication Month: May 2021 | Report Code: TIPRE00021780 | No. of Pages: 124 | Category: Aerospace and Defense | Status: Published
The MIL-DTL-81714 Series II connectors market was valued at US$ 38,991.02 thousand in 2021 and is anticipated to reach US$ 73,295.13 thousand by 2028. The market is expected to grow at a CAGR of 9.4% from 2021 to 2028.
The upgrading of existing fighter jets is among the major factors fueling the adoption of the MIL-DTL-81714 Series II connectors. In 2018, Royal Thai Air Force announced its plans of upgrading of the Saab Early Warning System; replacement of F-16 fighter jets and L-39s trainers; and procurement of various transport aircraft, helicopters, and unmanned aircraft. Similarly, the Defense Acquisition Council (DAC) approved defense deals worth INR 389 billion in July 2020, including the purchase of 21 MiG-29 Indian Air Force (IAF) fighter jets, upgrading of 59 existing MiG-29 jets from the IAF inventory, and purchase of 12 Su-30MKI aircraft from Russia. Further, the increasing procurement of advanced fighter and transport aircraft is also propelling the MIL-DTL-81714 Series II connectors market growth. For example, the Government of India is finalizing the 83 Light Combat Aircraft (LCA) Mark 1 A contract and is also in the process of acquiring 200 aircraft fleet to cope with depleting aerial inventories of the Indian Air Force (IAF). In addition, Boeing, the US defense major, is considering offering its F-15EX Eagle fighter jets to the IAF and has also applied for a license from the US authorities to export them to India. The move is seen as Boeing's attempt to seize an IAF contract worth US$ 18 billion to procure 114 fighter jets. Similarly, Argentine Air Force has announced the procurement plan including aircraft such as IA 63, Mi-171, KC-390, and T-6C+. Thus, owing to growing adoption of military aircraft the MIL-DTL-81714 Series II connectors market is projected to witness significant growth.
Impact of COVID-19 Pandemic on MIL-DTL-81714 Series II Connectors Market
The COVID–19 outbreak has significantly impacted the global economy. Governments are imposing several limitations on industrial, commercial, and public activities to control the spread of infection. Therefore, the production volume of aircraft is decreasing drastically amid pandemic, which is declining the adoption rate of MIL-DTL-81714 Series II connectors. Thus, the aircraft manufacturers and aircraft MRO service providers are witnessing significant loss during the pandemic.
Lucrative Regions for MIL-DTL-81714 Series II Connectors Providers
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MIL-DTL-81714 Series II Connectors Market Insights
Emergence of Unmanned Aerial Vehicles
Rapid changes in modern warfare have been urging governments to allocate higher funds toward respective armed forces. The higher military budget allocation enables the military forces to engage themselves in the development and procurement of advanced warfare fleet, including unmanned aerial vehicles (UAVs). UAVs are widely used for intelligence gathering, surveillance, reconnaissance, target acquisition, battle damage management, delivery, transportation, combat operations, etc. At present, fleet modernization has become one of the common practices for the aerospace & defense industries in different countries. Thus, owing to growing adoption of unmanned aerial vehicles, the MIL-DTL-81714 Series II connectors market is projected to witness significant growth.
Application-Based Market Insights
Based on the application, the MIL-DTL-81714 Series II Connectors market is segmented into aircraft lighting, unmanned aerial vehicle, unmanned ground vehicle, and combat systems & weaponry. The aircraft lighting segment held the largest market share in 2020. The MIL-DTL-81714 Series II Connectors are used in powering up aircraft lamps, cabin lights, high-intensity lights, and beacons. Lighting has a significant impact on the interior and exterior of the aircraft. There is a continuous development in improving overall form and functional factor of interior and exterior lighting system for military aircraft by utilizing advanced lighting solution.
MIL-DTL-81714 Series II Connectors Market, by Application – 2020 and 2028
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Note: The outside circle represents market size for 2028, and inner circle represents market size for 2020.
Strategic Insights
The players operating in the MIL-DTL-81714 Series II connectors market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- Eaton completed the acquisition of the Souriau-Sunbank Connection Technologies business of TransDigm Group Incorporated for US $920 million.
The global MIL-DTL-81714 Series II connectors market has been segmented as follows:
MIL-DTL-81714 Series II Connectors Market – by Application
- Aircraft Lighting
- Unmanned Aerial Vehicle
- Unmanned Ground Vehicle
- Combat Systems & Weaponry
MIL-DTL-81714 Series II Connectors Market – by End User
- Aircraft Manufacturers
- UAV Manufacturers
- UGV Manufacturers
- Aircraft MRO Service Providers
- Weaponry Manufacturers
- Combat System Integrators
MIL-DTL-81714 Series II Connectors Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Company Profiles
- Amphenol Pcd
- DME INTERCONNECT
- Daniels Manufacturing Corporation
- TE Connectivity Ltd.
- SOURIAU SAS
Frequently Asked Questions
The List of Companies - MIL-DTL-81714 Series II Connectors Market
- Amphenol Corporation
- TE Connectivity
- DME Interconnect
- Souriau
- Daniels Manufacturing Corporation
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- Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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