In the aviation sector, the rising demand for advanced wiring systems for improving aircraft wiring and electrical device performance is accelerating the demand for electrical wiring interconnection system (EWIS). EWIS market is experiencing notable growth with an increasing number of aircraft production. EWIS (Electrical Wiring Interconnection System) provides numerous benefits for aircraft manufacturers such as space and weight-saving, simplicity in design, and easy maintenance. EWIS market is predicted to grow promisingly all over the world.
MARKET SCOPE
The "Global Electrical Wiring Interconnection System (EWIS) Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electrical wiring interconnection system (EWIS) market with detailed market segmentation by component, application, aircraft type and geography. The report provides key statistics on the market status of the leading electrical wiring interconnection system (EWIS) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global electrical wiring interconnection system (EWIS) market is segmented into wire and cables, connectors and accessories, electrical splices, protection materials, and others.
- On the basis of application, the market is segmented into avionics, interiors, interiors, propulsion systems, airframe, and others.
- Based on aircraft type, the global electrical wiring interconnection system (EWIS) market is segmented into commercial aircraft, military aircraft, and business and general aircraft.
MARKET DYNAMICS
Drivers:
- Increasing per capita disposable income in many developing countries.
- Growing aviation sector all over the world.
Restraints:
- Lack of skilled technicians in few African countries may restrain the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The electrical wiring interconnection system (EWIS) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the electrical wiring interconnection system (EWIS) market worldwide.
IMPACT OF COVID-19 ON ELECTRICAL WIRING INTERCONNECTION SYSTEM (EWIS) MARKET
The pandemic of COVID-19 has impacted the aviation industry to a significant extent. Before the pandemic began, the demand for electrical wiring interconnection system was growing remarkably owing to increasing disposable income and higher investment. Due to various travel restrictions, domestic and international flying was reduced drastically during the first 2 quarters of 2020. Owing to a decline in flying operations, demand for wires, cables, connectors, accessories, electrical splices, clamps, and pressure seals was impacted negatively. Restriction of the limited workforce, temporary manufacturing shutdown, limited availability of raw material, and delay in scheduled deliveries has affected the production process adversely. Work at new production centers of Airbus in Spain and France was halted due to surge in the cases of COVID-19. However, with improving conditions, the work resumed partially with limited workforce. With growing vaccination drives and ease in stringent restrictions, the aviation sector has started returning to its earlier state.
MARKET PLAYERS
The report covers key developments in the electrical wiring interconnection system (EWIS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electrical wiring interconnection system (EWIS) market are anticipated to lucrative growth opportunities in the future with the rising demand for electrical wiring interconnection system (EWIS) in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electrical wiring interconnection system (EWIS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AKKA
- Amphenol Corporation
- Raytheon Technologies Corporation
- Ducommun Incorporated
- GKN Aerospace Services Limited
- Lat?co?re
- Radiall
- Safran
- TE Connectivity
- W. L. Gore and Associates, Inc.