July 2022, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Electrical Wiring Interconnection System (EWIS) Market.
Market Forecast
Global Electrical Wiring Inteconnection System (EWIS) Market is projected to be valued at USD 8.8 Billion by 2032, registering a 4.61% CAGR from 2023 to 2032. The rapidly growing demand for electronics in aircraft systems and the increased demand for upgrading existing aircraft has significantly contributed to the growth of the global market. Furthermore, the stringent aviation regulations regarding aircraft and passenger safety are also encouraging aircraft OEMs and airlines to invest in EWIS. Additionally, the growing adoption of EWIS in military rotorcrafts is also expected to drive the growth of the global market. For example, in June 2019, Safran signed a contract with Airbus S.A.S to provide electrical wiring for Airbus’s H160 military helicopters.
However, issues related to existing aircraft backlogs and stringent regulatory norms are expected to hamper the growth of the market.
Market USP
Technology advancements such as automatic 3D routing and the growing demand for fly-by-optics are expected to drive the growth of the market.
Growth Opportunities in the Market
The OEM segment is likely to register the higher growth rate: The OEM segment is expected to register the higher CAGR during the study period, 2023 to 2032, owing to the rising demand for new aircraft across the globe to cater to the growing air passenger traffic.
Interiors segment is expected to be the fastest-growing: The interiors segment is expected to register the highest CAGR during the study period, 2023 to 2032. The growth of the interiors segment can be attributed to the increasing up-gradation of the existing aircraft with new IFE systems to offer enhanced traveling experience to passengers.
Connectors and Connector Accessories segment is expected to register the highest CAGR: The connectors and connector accessories to register the highest CAGR during the study period. Manufacturers are currently focusing on developing EWIS components that offer enhanced reliability, accuracy, and efficiency. Continuous improvements in systems have modified the human-machine interface of EWIS.
Commercial Aviation segment is expected to register the higher CAGR: The commercial aviation segment is projected to grow at the higher CAGR due to the use of electrically-driven components in new aircraft is also leading to the growth of this segment as modern technologies used in aircraft require a lot of electrical connections.
Key Players
Other Prominent Players