ID: MRFR/A&D/8673-HCR | 168 Pages | Author: Swapnil Palwe | December 2023
Electrical Wiring Interconnection System (EWIS) Market Size was valued at USD 5.9 billion in 2022. The Electrical Wiring Interconnection System (EWIS) market industry is projected to grow from USD 6.1 billion in 2023 to USD 8.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.61% during the forecast period (2023 - 2032). Increased use of electronics in aircraft is the key market driver for electrical wiring interconnection system (EWIS) Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
aircraft orders have increased due to an increase in air passenger traffic. Rising tourism and falling aviation fuel prices have also impacted the demand for new airplanes. The aircraft manufacturers were compelled to put up a new manufacturing line to fulfill the increased demand for aircraft due to the spike in new aircraft orders. Therefore, more equipment, such as EWIS, will be needed when aircraft orders rise. The rapid modernization of numerous industries worldwide, including aviation, defense, power generation, and petrochemicals, has resulted in an increased need for modifications and upgrades toward new technologies that are more efficient and cost-effective than conventional practices. As a result, the worldwide electrical wiring interconnection system (EWIS) market CAGR is expanding due to soaring demand for aircraft.
Additionally, lightweight aircraft are now being developed to increase market growth. Giving up cabin space, useful cargo, and several knots of cruising speed may be necessary to make light aircraft more fuel efficient. Large increases in miles per gallon can more readily be made by cars while comfortably transporting the entire family to distant locations. They never have to leave the ground, which is a contributing factor. However, some aircraft fly in a sweet spot where speed and fuel consumption work together to produce far longer range (nautical miles per gallon) than other models of the same size and capability. We compared the performance data of dozens of aircraft, ranging from midsize jets to light sport aircraft (LSAs), and we were shocked by some of the discrepancies we discovered. Thus, driving the Electrical Wiring Interconnection System (EWIS) market revenue.
The Electrical Wiring Interconnection System (EWIS) market segmentation, based on end-user, includes OEM and aftermarket. The OEM category held the largest share in the market. It's vital to remember that many aerospace OEMs provide aircraft not only to the military but also to commercial airlines like American, Delta, Southwest, United, and others.. In the wake of a plane catastrophe, it can be challenging for hurt passengers or grieving family members to know what to do. Piloting, weather, air traffic control, maintenance practices, avionics, airframe or engine design, or metal fatigue are just a few examples of the many variables that can come into play.
The electrical wiring interconnection system (EWIS) market segmentation, based on application, includes avionics, interiors, propulsion, airframe, and others. The avionics segment will dominate the EWIS market. The rising demand for new aeroplanes is blamed for the segment's expansion. Electronic systems of various types are used by every contemporary aircraft, spacecraft, and man-made satellite to carry out various tasks necessary for their intended usage and mission. In general, the complexity of the electronic systems that a craft or mission uses increases with its complexity.
Figure1: Electrical Wiring Interconnection System (EWIS) Market, by Application, 2022 & 2032 (USD million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Electrical Wiring Interconnection System (EWIS) market segmentation, based on aviation type, includes commercial aviation, military aviation. The commercial aviation segment will dominate the EWIS market. Electrical Wiring Interconnection System, or EWIS, is used in commercial aviation aircraft to transmit electrical power, signals, and data between various systems. It facilitates navigation, communication, and cabin power. EWIS is utilized in passenger address systems, emergency lighting systems, and power distribution panels (PDP) in civil aviation. In fighter jets and bombers, EWIS monitors crucial flight data like fuel levels, engine performance, etc., assisting pilots in making essential decisions in emergencies.
Figure1: Electrical Wiring Interconnection System (EWIS) Market, by End-user, 2022 & 2032 (USD million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Electrical Wiring Interconnection System (EWIS) market area will dominate this market. The United States, the largest region in North America, also contributes to developing a strong defense system to protect its borders from outside threats, opening new potential for EWIS vendors in this area.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: ELECTRICAL WIRING INTERCONNECTION SYSTEM (EWIS) MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Asia Pacific Electrical Wiring Interconnection System (EWIS) Market is expected to grow at the fastest CAGR from 2023 to 2032. With the region's nations' modernization initiatives come rising defense spending in the Asia Pacific. Moreover, China Electrical Wiring Interconnection System (EWIS) market held the largest market share, and the India Electrical Wiring Interconnection System (EWIS) market was the fastest growing market in the Asia-Pacific region.
The Europe Electrical Wiring Interconnection System (EWIS) market has the second-largest market share. Further, the German Electrical Wiring Interconnection System (EWIS) market held the largest market share, and the UK Electrical Wiring Interconnection System (EWIS) market was the fastest-growing market in the European region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Electrical Wiring Interconnection System (EWIS) market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Electrical Wiring Interconnection System (EWIS) industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Electrical Wiring Interconnection System (EWIS) industry to benefit clients and increase the market sector. In recent years, the Electrical Wiring Interconnection System (EWIS) industry has offered some of the most significant advantages to medicine. Major players in the Electrical Wiring Interconnection System (EWIS) market attempting to increase market demand by investing in research and development operations are Safran (France), GKN Aerospace Services Limited (UK), Latécoère (France), Esterline Technologies (US), Ducommun Incorporated (US), TE Connectivity (Switzerland), Amphenol Corporation (US), Co-Operative Industries Aerospace & Defense (Cia&D) (US), Elektro-Metall Export GmbH (Germany), InterConnect Wiring (US).
Safran S.A. is a French multinational corporation that creates, develops, and produces rocket and aircraft engines and other aerospace and defense-related machinery or its parts. In 2005, it was created by the union of SNECMA and the defense electronics expert SAGEM. Zodiac Aerospace's acquisition by Safran in 2018 greatly increased the company's aeronautical interests. The company, which has around 95,000 employees and had sales of 24.64 billion euros in 2019, is traded on the Euronext stock exchange and is a constituent of the CAC 40 and Euro Stoxx 50. Its corporate headquarters are in Paris.
GKN Aerospace is The pioneer in the aerospace industry. GKN Aerospace innovations combine technical excellence and technological leadership and have inspired and industrialized the aerospace industry for decades. The operational expertise of GKN Aerospace and its high-volume production capacity are propelling the movement towards increased automation, improved performance, and intelligent industry solutions. As a result, our clients worldwide benefit from shorter production lead times and greater affordability.
Key Companies in the Electrical Wiring Interconnection System (EWIS) market include
Electrical Wiring Interconnection System (EWIS) Industry Developments
June 2020: Through their joint development of Orthogonal Multi-tone Time Domain Reflectometry (OMTDR) technology, Nicomatic and the CEA LIST Institute have made it possible to distribute network analysis and sensor intelligence in aircraft EWIS without affecting network traffic.
May 2020: Eviation chooses GKN Aerospace to provide key components for the developing Alice aircraft.
Report Attribute/Metric | Details |
Market Size2022 | USD 5.9 billion |
Market Size 2023 | USD 6.1 billion |
Market Size2032 | USD 8.8 billion |
Compound Annual Growth Rate (CAGR) | 4.61% (2023-2032) |
Base Year | 2022 |
Market Forecast Period | 2023-2032 |
Historical Data | 2019- 2021 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | End-user, Application, Aviation Type and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Safran (France), GKN Aerospace Services Limited (UK), Latécoère (France), Esterline Technologies (US), Ducommun Incorporated (US), TE Connectivity (Switzerland), Amphenol Corporation (US), Co-Operative Industries Aerospace & Defense (Cia&D) (US), Elektro-Metall Export GmbH (Germany), InterConnect Wiring (US). |
Key Market Opportunities | · Growth of electronics in aircraft. |
Key Market Dynamics | · Increase the use of lightweight wiring |
The Electrical Wiring Interconnection System (EWIS) market size was valued at USD 5.9 billion in 2022.
The market is projected to grow at a CAGR of 4.61% during the forecast period, 2023-2032.
North America had the largest share of the global market.
The key players in the market are Safran (France), GKN Aerospace Services Limited (UK), Latécoère (France), Esterline Technologies (US), Ducommun Incorporated (US), TE Connectivity (Switzerland), Amphenol Corporation (US), Co-Operative Industries Aerospace & Defense (Cia&D) (US), Elektro-Metall Export GmbH (Germany), InterConnect Wiring (US).
The Avionics category dominated the market in 2022.
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