Europe Aircraft Wiring Harness Market Forecast to 2030
Europe Aircraft Wiring Harness Market Forecast to 2030 – Regional Analysis – by Type (Wire Harness Terminal, Wire Harness Connector, and Others) and Material (PVC, Polyethylene, Polyurethane, Thermoplastic Elastomers, and Vinyl)
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Description
Surge in Demand for MRO Services Fuels Europe Aircraft Wiring Harness Market
The demand for airline maintenance, repair, and operations (MRO) services has been increasing with the rapidly growing aviation industry over the past few years. Emerging economies are highly focused on extending MRO services to military as well as commercial aircraft companies. Major aircraft MRO companies include GE Aviation; AAR Corp.; Safran SA.; and MTU Maintenance. Heavy spending on aviation infrastructure, economic growth, and increase in passenger count are a few factors propelling the adoption of aircraft maintenance services. Moreover, the growing number of middle-class travelers in Europe is majorly contributing to air travel growth, consequently increasing the need for aircraft maintenance services across these regions. Due to well-established MRO hubs, most European countries produce a large amount of revenue from the markets for aviation MRO. Many aircraft in service are aging, and as they accumulate flight hours; therefore, the need for maintenance and upgrades, including replacing outdated wire harnesses, becomes more critical. Wire harnesses have a finite operational life, and they often need to be replaced during MRO activities. MRO services are often necessary to ensure that aircraft remain compliant with the latest regulations. This can involve the inspection and replacement of wire harnesses to meet updated standards. Therefore, with the growing demand for MRO services, the need for Aircraft Wiring Harnesses is increasing globally, which drives the market.
Europe Aircraft Wiring Harness Market Overview
The European airline industry remains the second largest worldwide as the region has a few of the largest and busiest airports, including Heathrow Airport, Charles de Gaulle Airport, Frankfurt Airport, and Royal Amsterdam Airport Schiphol. Also, Lufthansa, Ryanair, IAG, easyJet, and Air France-KLM are the prominent airline companies and leading contributors to the aircraft wiring harness market in Europe.
According to the British aviation group, as of February 2023, new construction has increased at airports throughout the UK in recent months due to the initiation of expansion and restoration projects. Proposals to reopen Manston Airport in Kent are about to get underway, and proposals for major extensions at London City and Southampton airports are moving forward. Bristol Airport’s significant expansion received the all-clear signal. Thus, the expansion of airports in Europe will propel the growth of the aircraft wiring harness market in the region. Germany is a prominent commercial aviation center. The country is home to several major aircraft manufacturers, including Airbus, Nexan, and Lufthansa. The expansion of the commercial aviation industry is boosting demand for aircraft wire harnesses, as each aircraft requires hundreds of harnesses to link its electrical systems. Several regional players collaborated to design and build an integrated and certifiable electrical wiring interconnection system (EWIS) solution. For instance, in January 2023, Lilium N.V. (the developer of the all-electric vertical take-off and landing plane) and GKN Aerospace (the world’s leading developer of sustainable aerospace technology) agreed to collaborate on the design and development of an integrated and certifiable EWIS solution. GKN Aerospace will construct the EWIS hardware sets in the Netherlands and help Lilium with on-site installation into the Lilium Jet at Lilium’s final assembly line in Oberpfaffenhofen, Germany. Such collaborations in Germany will propel the growth of the Aircraft Wiring Harness market.
Europe Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
Europe Aircraft Wiring Harness Market Segmentation
The Europe aircraft wiring harness market is segmented into type, material, and country.
Based on type, the Europe aircraft wiring harness market is segmented into wire harness terminal, wire harness connector, and others. The wire harness terminal segment held the largest share of the Europe aircraft wiring harness market in 2022.
In terms of material, the Europe aircraft wiring harness market is categorized into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held the largest share of the Europe aircraft wiring harness market in 2022.
Based on country, the Europe aircraft wiring harness market is segmented into the UK, Germany, France, Russia, Italy, and the Rest of Europe. The UK dominated the Europe aircraft wiring harness market in 2022.
Collins Aerospace, Elimco Aerospace SLU, GKN Aerospace Services Ltd, Latecoere SA, Safran SA, and Samvardhana Motherson International Ltd are some of the leading companies operating in the Europe aircraft wiring harness market.
Summary Info
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According to the Research Team’ research, the Europe aircraft wiring harness market was valued at US$ 582.66 million in 2022 and is expected to reach US$ 944.33 million by 2030, registering a CAGR of 6.2% from 2022 to 2030. Rise in demand for commercial aircraft and retrofitting of older aircraft fleet are among the critical factors attributed to the Europe aircraft wiring harness market expansion.
The deployment of several retrofitting technologies, which indicate the implementation of newer technologies on older airplane fleets, help strengthen passenger safety and comfort and facilitate the airlines in maintaining their older fleet. Retrofitting is done to improve the performance and capabilities of older aircraft. Upgraded wire harnesses can contribute to better reliability, reduced downtime, and improved functionality, making the most out of retrofit investment by various companies. Retrofitting can extend the operational lifespan of older aircraft, enabling them to remain in service for a long duration. As these aircraft continue to operate, there is an ongoing need for replacing wire harnesses due to wear and tear. Retrofitting older aircraft can be a cost-effective alternative to purchasing new ones. As airlines and operators seek to maximize the value of their existing fleets, they will require reliable and updated wire harnesses to support the retrofit projects. For example, the trend for cabin retrofits became more prominent after the post-peak-pandemic phase. Through the pandemic a lot of airlines ground its fleet and this grounding time, offered them an opportunity to upgrade their cabin. Retrofitting can include updates to improve the environmental performance of aircraft, such as reducing fuel consumption and emissions. Wire harnesses that contribute to these goals, including those designed for more efficient electrical systems, continue to record significant demand. Hence, integrating advanced and modern technologies into older aircraft fleets is expected to change the aircraft wiring harness market landscape and the face of the aviation industry. Thus, the retrofitting of older aircraft fleets is expected to provide lucrative opportunities for the market players in the coming years.
On the contrary, cost constraints in low profit margin hamper the growth of Europe aircraft wiring harness market.
Based on type, the Europe aircraft wiring harness market is segmented into wire harness terminal, wire harness connector, and others. The wire harness terminal segment held 46.3% share of Europe aircraft wiring harness market in 2022, amassing US$ 270.01 million. It is projected to garner US$ 427.79 million by 2030 to expand at 5.9% CAGR during 2022-2030.
In terms of material, the Europe aircraft wiring harness market is categorized into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held 44.2% share of Europe aircraft wiring harness market in 2022, amassing US$ 257.70 million. It is projected to garner US$ 396.17 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on country, the Europe aircraft wiring harness market has been segmented into the UK, Germany, France, Russia, Italy, and the Rest of Europe. Our regional analysis states that the UK captured 24.1% share of Europe aircraft wiring harness market in 2022. It was assessed at US$ 140.13 million in 2022 and is likely to hit US$ 248.08 million by 2030, exhibiting a CAGR of 7.4% during 2022-2030.
Key players operating in the Europe aircraft wiring harness market are Collins Aerospace, Elimco Aerospace SLU, GKN Aerospace Services Ltd, Latecoere SA, Safran SA, and Samvardhana Motherson International Ltd, among others.
In June 2023, Latecoere received contracts from Boeing to supply wire systems for the 737 and 767 programs, including military and commercial variants. The contact addresses both commercial and military variants of the Boeing 737 (737 MAX and P-8 Multi-Mission Maritime Patrol Aircraft) and the Boeing 767 (767-300 Freighter). The wiring systems of the 737 MAX are variable in order to accommodate the individual needs of operators.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe Aircraft Wiring Harness Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aircraft Wiring Harness Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Europe Aircraft Wiring Harness Market – Key Industry Dynamics
5.1 Europe Aircraft Wiring Harness Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand for Commercial Aircraft
5.2.2 Surge in Demand for MRO Services
5.2.3 Expansion of Aviation Industry
5.3 Market Restraints
5.3.1 Cost Constraints in Low Profit Margin
5.3.2 Preference for Repairing Damaged Wire Harness
5.4 Market Opportunities
5.4.1 Retrofitting of Older Aircraft Fleet
5.4.2 Rising Demand for Customised Solutions
5.5 Future Trends
5.5.1 Miniaturization of Wire Harness
5.5.2 Increasing Role of Digital Twin in Manufacturing of Wire Harness
5.6 Impact of Drivers and Restraints:
6. Aircraft Wiring Harness Market – Europe Market Analysis
6.1 Europe Aircraft Wiring Harness Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Aircraft Wiring Harness Market Forecast and Analysis
7. Europe Aircraft Wiring Harness Market Analysis – Type
7.1 Wire Harness Terminal
7.1.1 Overview
7.1.2 Wire Harness Terminal: Europe Aircraft Wiring Harness Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Wire Harness Connector
7.2.1 Overview
7.2.2 Wire Harness Connector: Europe Aircraft Wiring Harness Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Europe Aircraft Wiring Harness Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Aircraft Wiring Harness Market Analysis – Material
8.1 PVC
8.1.1 Overview
8.1.2 PVC: Europe Aircraft Wiring Harness Market, and Forecast to 2030 (US$ Million)
8.2 Polyethylene
8.2.1 Overview
8.2.2 Polyethylene: Europe Aircraft Wiring Harness Market, and Forecast to 2030 (US$ Million)
8.3 Polyurethane
8.3.1 Overview
8.3.2 Polyurethane: Europe Aircraft Wiring Harness Market, and Forecast to 2030 (US$ Million)
8.4 Thermoplastic Elastomers
8.4.1 Overview
8.4.2 Thermoplastic Elastomers: Europe Aircraft Wiring Harness Market, and Forecast to 2030 (US$ Million)
8.5 Vinyl
8.5.1 Overview
8.5.2 Vinyl: Europe Aircraft Wiring Harness Market, and Forecast to 2030 (US$ Million)
9. Europe Aircraft Wiring Harness Market – Country Analysis
9.1 Europe
9.1.1 Europe Aircraft Wiring Harness Market Overview
9.1.2 Europe Aircraft Wiring Harness Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Europe Aircraft Wiring Harness Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 United Kingdom: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 United Kingdom: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.2.2 United Kingdom: Europe Aircraft Wiring Harness Market Breakdown by Material
9.1.2.3 Germany: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Germany: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.3.2 Germany: Europe Aircraft Wiring Harness Market Breakdown by Material
9.1.2.4 France: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 France: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.4.2 France: Europe Aircraft Wiring Harness Market Breakdown by Material
9.1.2.5 Russia: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Russia: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.5.2 Russia: Europe Aircraft Wiring Harness Market Breakdown by Material
9.1.2.6 Italy: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Italy: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.6.2 Italy: Europe Aircraft Wiring Harness Market Breakdown by Material
9.1.2.7 Rest of Europe: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Rest of Europe: Europe Aircraft Wiring Harness Market Breakdown by Type
9.1.2.7.2 Rest of Europe: Europe Aircraft Wiring Harness Market Breakdown by Material
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 Safran SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Latecoere SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 GKN Aerospace Services Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Samvardhana Motherson International Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Elimco Aerospace SLU
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Collins Aerospace
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 2. Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. United Kingdom: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 7. United Kingdom: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 8. Germany: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. Germany: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 10. France: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. France: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 12. Russia: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Russia: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 14. Italy: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 15. Italy: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 16. Rest of Europe: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Rest of Europe: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 2. Ecosystem: Europe Aircraft Wiring Harness Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Aircraft Wiring Harness Market Revenue (US$ Million), 2022 – 2030
Figure 5. Europe Aircraft Wiring Harness Market Share (%) – Type, 2022 and 2030
Figure 6. Wire Harness Terminal: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Wire Harness Connector: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Others: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Europe Aircraft Wiring Harness Market Share (%) Material, 2022 and 2030
Figure 10. PVC: Europe Aircraft Wiring Harness Market and Forecasts to 2030 (US$ Million)
Figure 11. Polyethylene: Europe Aircraft Wiring Harness Market and Forecasts to 2030 (US$ Million)
Figure 12. Polyurethane: Europe Aircraft Wiring Harness Market and Forecasts to 2030 (US$ Million)
Figure 13. Thermoplastic Elastomers: Europe Aircraft Wiring Harness Market and Forecasts to 2030 (US$ Million)
Figure 14. Vinyl: Europe Aircraft Wiring Harness Market and Forecasts to 2030 (US$ Million)
Figure 15. Europe Aircraft Wiring Harness Market, By Country, 2022 ($Mn)
Figure 16. Europe Aircraft Wiring Harness Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. United Kingdom: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Germany: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. France: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Russia: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Italy: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Rest of Europe: Europe Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
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1. Collins Aerospace
2. Elimco Aerospace SLU
3. GKN Aerospace Services Ltd
4. Latecoere SA
5. Safran SA
6. Samvardhana Motherson International Ltd
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