Market Size of Aviation Connectors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aviation Connectors Market Analysis
The Aviation Connectors Market is expected to witness a CAGR of over 5% during the forecast period (2021 - 2026). Military and commercial aircraft requires a massive amount of electrical and electronic systems for monitoring and flying the plane, managing the engines, providing communications, etc. Less critical applications like in-flight entertainment also need a lot of electrical and electronic systems. Thus, these system installations imply connector devices are required within every airframe.
- The market is driven by increasing demand for the aircraft along with a shift towards electric architecture and technology, which was primarily conceived by Airbus SE while the production of Airbus A-380, and has been gaining traction since then. This has also attracted the attention of aircraft manufacturing companies, like Rolls Royce, who are partnering to develop technologies that align with electric architecture.
- According to Boeing forecasts in 2018, the demand for commercial airplanes is expected to increase due to rising passenger traffic and upcoming airplane retirements. The company forecasted the need for 42,730 new jets valued at USD 6.3 trillion over the next 20 years. Growing demand for aircraft is expected to drive the demand for connectors as they are widely used in avionics bays, cockpit displays, and engine management.
- Most of the aerospace projects emphasize the need for high-speed, lightweight, and resilient connectors and cables. Fiber optic connector is making significant advances for use in the harsh environment in aviation applications. Fiber-optic interconnects are one of the prime choice for military applications as it features enhanced ruggedness suitable for military-grade systems. Companies such as Amphenol offers fiber optic connectors for use in the harsh environments found in military and aerospace applications.
