South America Aircraft Wire & Cable Market is expected to reach US$ 104.37 million by 2027

Line Fit Segment to Dominate SAM Aircraft Wire & Cable Market during 2020–2028

According to The Insight Partners market research study on “SAM 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$ 104.37 million by 2028 from US$ 73.15 million in 2020. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the SAM aircraft wire & cable market along with the drivers and restraints pertaining to the market growth. New innovations being done for aircraft related solutions is the major factor driving the growth of the SAM aircraft wire & cable market. However, issues associated with termination of aircrafts hinders the growth of SAM aircraft wire & cable market.  

The SAM aircraft wire & cable market is segmented into type, fit type, aircraft type, and application. Based on type, the SAM 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. Line fit 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 is having a devastating impact on the SAM region. In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. Brazil is the largest spender in the aerospace sector and is the only modern aircraft manufacturing country in the region. Due to this, the demand for components and aircraft-related systems and technologies is at an all-time high in the country. In addition, most of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft wire & cable. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM aircraft wire & cable market, especially Brazil.  

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 SAM 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, W. L. Gore & Associates, Inc. announced the new GORE Fiber Optic Cables, 1.8 mm Simplex with high impact-resistance for extreme defense aircraft environments. This version is proven to exceed new stringent JN1177 and EN4641-301 industry standards for more durability while maintaining high-bandwidth data and video transmission on 10-Gb avionics networks.          

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

SAM Aircraft Wire & Cable Market – By Type

• Cable
• Wire
• Harness

SAM Aircraft Wire & Cable Market – By Aircraft Type

• Commercial
• Military

SAM Aircraft Wire & Cable Market – By Fit Type

• Line Fit
• Retrofit

SAM Aircraft Wire & Cable Market – By Application

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

SAM Aircraft Wire & Cable Market – By Country

• Brazil
• Argentina
• Rest of SAM