Cables and Wire For Aerospace and Defense Market Expected to Reach $43.8 Billion By 2031 Allied Market Research

Cables and Wire For Aerospace and Defense Market Expected to Reach $43.8 Billion By 2031 Allied Market Research

According to the report published by Allied Market Research, the global cable and wire for aerospace and defense market generated $27.1 billion in 2021, and is projected to reach $43.8 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

COVID-19 Scenario:

  • The outbreak of COVID-19 has had a negative impact on the growth of the global cable and wire for aerospace and defense market, owing to the occurrence of lockdowns in various countries across the globe.
  • Lockdowns resulted in the closure of various manufacturing facilities, including those of cable and wire, which adversely impacted its demand during the pandemic.
  • Besides, lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown further aggravated the impact on the market.
  • This was mainly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.
  • In addition, the decline of the aerospace industry due to the cancellation of flight operations, and decreased military spending from the government due to the economic crisis in the pandemic further impacted market growth.

The report offers detailed segmentation of the global cable and wire for the aerospace and defense market based on type, application, voltage, and region. Based on type, the cable segment held the dominating market share in 2021, holding more than two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.6% during the forecast period.

Based on application, the power distribution segment held the dominating market share in 2021, garnering nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. The military ground equipment segment, on the other hand, is expected to cite the fastest CAGR of 6.68% during the forecast period.

Based on voltage, the high voltage segment held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The extra high voltage segment, on the other hand, is expected to cite the fastest CAGR of 6.3% during the forecast period.

Based on region, the market across the Asia-Pacific region held the largest market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 6.28% during the forecast period.

The key players analyzed in the global cable and wire for aerospace and defense market report include A.E. PETSCHE, Amphenol Corporation Apar Industries Ltd., Carlisle Interconnect Technologies, Collins Aerospace, Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & Cable, Gem Cable, Jiuzhou Wire & Cable Co., Ltd., Miracle Electronics Devices Pvt Ltd., Nexans SA, PIC Wire & Cable, Radiant Cables Pvt. Ltd., Sumitomo Electric Industries, TE Connectivity Ltd., Thermo Cables Limited, and Tyler Madison, Inc.

The report analyzes these key players in the global cable and wire for aerospace and defense market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.

Key Benefits For Stakeholders:

 

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cables and wires for aerospace and defense market analysis from 2021 to 2031 to identify the prevailing Cables and Wires For Aerospace and Defense Market Opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cables and wires for aerospace and defense market segmentation assists to determine the prevailing cables and wires for aerospace and defense market overview.
  • Major countries in each region are mapped according to their revenue contribution to the cables and wires for aerospace and defense market size.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the cables and wires for aerospace and defense market share of market players.
  • The report includes the analysis of the regional as well as global cables and wires for aerospace and defense market trends, key players, market segments, application areas, and market growth strategies.

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