Middle East & Africa Aircraft Wire & Cable Market is expected to reach US$ 50.40 million by 2028

Retrofit Segment to Dominate MEA Aircraft Wire & Cable Market during 2020–2028

According to The Insight Partners market research study on “MEA Aircraft Wire & Cable Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Aircraft Type, Fit Type, and Application” is expected to reach US$ 50.40 million by 2028 from US$ 37.98 million in 2020. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the MEA aircraft wire & cable market along with the drivers and restraints pertaining to the market growth. Growing market for lightweight and durable aircraft wires and cables is the major factor driving the growth of the MEA aircraft wire & cable market. However, issues associated with suspension of aircraft hinders the growth of MEA aircraft wire & cable market.  

The MEA aircraft wire & cable market is segmented into type, fit type, aircraft type, and application. Based on type, the MEA aircraft wire & cable market is further segmented into harness, wire, and cable. Wire segment held a substantial market share in 2020. Based on fit type, the market is further categorized into line fit and retrofit. Retrofit segment held a substantial market share in 2020. Further, the market is segmented based on aircraft type into commercial and military. Commercial segment held a substantial market share in 2020. Based on application, the market is classified into power transfer, data transfer, flight control system, avionics, and lighting. Power transfer segment held a substantial market share in 2020.

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.

AMETEK Inc.; Amphenol Corporation; Collins Aerospace, a Raytheon Technologies Corporation Company; Draka; HUBER+SUHNER; Nexans; TE Connectivity Ltd.; W. L. Gore and Associates, Inc. are among the leading companies in the MEA aircraft wire & cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, HUBER+SUHNER, introduced RADOX® OFL (Oil & Gas Flexible Lightweight) cable solution – offering the industry with a safe way to reduce platform weight.         

The report segments the MEA Aircraft Wire & Cable Market follows:

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