As per Future Market Insights, the aviation connector market is anticipated to attain a value pool of US$ 6 billion by 2023-end. Global demand for aviation connectors is expected to rise at a CAGR of 5.2% to US$ 10 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 6 billion |
| Projected Market Value in 2033 | USD 10 billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
The expansion of low-cost air travel in emerging countries necessitates the purchase of additional aircraft and airbuses is set to uplift the market in forecast period.
The Aviation Connector are critical for proper functioning of aircrafts and jets. This are used in, seat actuator, user power systems, intelligent peripheral devices of power ranging and others. As commercial aircraft introduce premium features such as smart seats, video streaming, and personal suites, the demand for aviation connectors to ensure smooth operation will rise.
Furthermore, the growing requirement to differentiate organizational positioning based on improved flight controls and safety features will fuel the demand for aviation connectors throughout the forecast period. Over the last few years, there has been a growth in the procurement of military and defense aircraft, which has increased the demand for this connectors.
High performance, vibration resistant connectors are critical in establishing an electrical connection for the aircraft engine and avionics system to function. Furthermore, the avionics systems in military aircraft must face new data processing challenges.
Advances in technology-driven air traffic control and high-altitude communications are boosting the energy and cost efficiency of air transport.
The growth is due to increased procurement of fiber optics connectors to meet the growing demand for high-speed data transmission and the increased use of new telecommunication technologies in the aviation industry, for example the use of fiber to the (FTT) loops to build quicker data transfer routes that support cutting-edge technologies will increase.
This growing demand for fiber optic connectors is in turn boosting the growth of the market.
The North America market was critically impacted by Covid-19 pandemic, all kind of airbases were closed due to lockdown. However as the vaccination pace is increasing in the country, market is anticipated to return on pre pandemic levels in next few quarters.
Developed countries in North America such as the US and Canada are pushing the boundaries of air travel. Aircraft manufacturers and airlines are constantly improving their products, from better communication systems to increased fuel efficiency.
This can be understood as an increase in demand for aircraft connector in these regions due to the need for energy-efficient and high-speed transmission directly increases the need for aviation connectors.
With countries such as France, Germany and United Kingdom being the epicenter of aerospace manufacturing and MRO activities in the region, the aviation connector market growth is expected to be benefited to a healthy extent in new installments as well retrofit connection jobs. The demand potential in the region is considered to be lucrative in the upcoming years.
Some of the leading manufacturers of the product include
Many leading manufacturers and suppliers have longstanding contracts with end-users to supply connectors. Market Participants are also focusing of providing energy efficient and high performance products in the aviation connector market to gain competitive advantage.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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