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South & Central America Aircraft Wiring Harness Market Forecast to 2030
South & Central America 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
Retrofitting of Older Aircraft Fleet Fuels South & Central America Aircraft Wiring Harness Market
The deployment of several retrofitting technologies, which indicate the implementation of newer technologies on older airplane fleet, 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.
South & Central America Aircraft Wiring Harness Market Overview
As per data from the International Air Transport Association (IATA), SAM recorded a 9.0% increase in air freight volumes in August 2022 compared to August 2021. According to data from the World Bank, the number of air passengers in SAM jumped from ~81 million in 2020 to ~127 million in 2021. The growth is mainly attributed to the new routes, expanded capacities such as airports and infrastructures, and the relaxation of COVID-related restrictions. Moreover, according to Agência Nacional de Aviaço Civil (ANAC), Brazil’s commercial aviation industry is significant. Brazil recorded ~546,000 domestic flights and 53,000 international flights in 2021. A large number of flights will increase the maintenance of the flights, which will propel the growth of the aircraft wire harness market. In August 2020, the Argentinean government announced an investment of US$ 1.4 billion to improve airports. Further, governments of various countries in the South & Central America took several steps to manufacture sustainable electric aircraft. Moreover, the President of Brazil announced the plan to attract at least five international low-cost carriers to the country to boost the competitiveness among the active existing operators as well as lower airfares. With the increasing demand for low-cost carriers in Brazil, the repair and maintenance of the wiring system and other parts is considered essential for smooth operations. Thus, introducing low-cost carriers in Brazil propels the growth of the aircraft wiring harness market in the country.
South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Aircraft Wiring Harness Market Segmentation
The South & Central America aircraft wiring harness market is segmented into type, material, and country.
Based on type, the South & Central America 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 South & Central America aircraft wiring harness market in 2022.
In terms of material, the South & Central America aircraft wiring harness market is categorized into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held the largest share of the South & Central America aircraft wiring harness market in 2022.
Based on country, the South & Central America aircraft wiring harness market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America aircraft wiring harness market in 2022.
Collins Aerospace, GKN Aerospace Services Ltd, Latecoere SA, Safran SA, and Samvardhana Motherson International Ltd are some of the leading companies operating in the South & Central America aircraft wiring harness market.
Summary Info
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According to the Research Team’ research, the South & Central America aircraft wiring harness market was valued at US$ 102.04 million in 2022 and is expected to reach US$ 152.54 million by 2030, registering a CAGR of 5.2% from 2022 to 2030. Rise in demand for commercial aircraft and miniaturization of wire harness are among the critical factors attributed to the South & Central America aircraft wiring harness market expansion.
The wire harness industry is poised to undergo significant changes as it adapts to evolving technologies, along with rising demand for customized solutions. Miniaturization is one of the most significant trends that will likely shape the aviation industry. As technology becomes more compact, wire harnesses must be designed with smaller components and thinner wires that can accommodate higher data rates while taking up less space. The integration of automation in wire harness manufacturing will increase efficiency and reduce errors. Customized wire harness solutions will also become more critical for specific aerospace applications with the rising adoption of IoT and smart devices. Modern aviation systems require high-speed data transmission capabilities. The industry must focus on using environmentally friendly materials and production processes while creating wire harnesses capable of handling multiple connections and communication protocols. Further, miniaturized wire harnesses are designed to handle various requirements of aviation systems, supporting the growing demand for in-flight connectivity and data-intensive applications. As modern aircraft are equipped with a multitude of advanced systems and components, miniaturized wire harnesses help ensure efficient routing and installation within the limited space constraints of an aircraft. Thus, the trend of miniaturization of wire harnesses is likely to fuel the market growth in the coming years.
On the contrary, cost constraints in low profit margin hamper the growth of South & Central America aircraft wiring harness market.
Based on type, the South & Central America aircraft wiring harness market is categorized into wire harness terminal, wire harness connector, and others. The wire harness terminal segment held 42.9% share of South & Central America aircraft wiring harness market in 2022, amassing US$ 43.74 million. It is projected to garner US$ 64.37 million by 2030 to expand at 4.9% CAGR during 2022-2030.
In terms of material, the South & Central America aircraft wiring harness market is segmented into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held 38.6% share of South & Central America aircraft wiring harness market in 2022, amassing US$ 39.37 million. It is projected to garner US$ 55.95 million by 2030 to expand at 4.5% CAGR during 2022-2030.
Based on country, the South & Central America aircraft wiring harness market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.1% share of South & Central America aircraft wiring harness market in 2022. It was assessed at US$ 59.28 million in 2022 and is likely to hit US$ 92.36 million by 2030, exhibiting a CAGR of 5.7% during 2022-2030.
Key players operating in the South & Central America aircraft wiring harness market are Collins Aerospace, GKN Aerospace Services Ltd, Latecoere SA, Safran SA, and Samvardhana Motherson International Ltd, among others.
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 South & Central America 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 South & Central America 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. South & Central America Aircraft Wiring Harness Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central America Aircraft Wiring Harness Market – Key Industry Dynamics
5.1 South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Aircraft Wiring Harness Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Aircraft Wiring Harness Market Forecast and Analysis
7. South & Central America Aircraft Wiring Harness Market Analysis – Type
7.1 Wire Harness Terminal
7.1.1 Overview
7.1.2 Wire Harness Terminal: South & Central America 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: South & Central America Aircraft Wiring Harness Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: South & Central America Aircraft Wiring Harness Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Aircraft Wiring Harness Market Analysis – Material
8.1 PVC
8.1.1 Overview
8.1.2 PVC: South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
8.2 Polyethylene
8.2.1 Overview
8.2.2 Polyethylene: South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
8.3 Polyurethane
8.3.1 Overview
8.3.2 Polyurethane: South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
8.4 Thermoplastic Elastomers
8.4.1 Overview
8.4.2 Thermoplastic Elastomers: South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
8.5 Vinyl
8.5.1 Overview
8.5.2 Vinyl: South & Central America Aircraft Wiring Harness Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Aircraft Wiring Harness Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America Aircraft Wiring Harness Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 South & Central America Aircraft Wiring Harness Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 Brazil: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Brazil: South & Central America Aircraft Wiring Harness Market Breakdown by Type
9.1.1.2.2 Brazil: South & Central America Aircraft Wiring Harness Market Breakdown by Material
9.1.1.3 Argentina: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Argentina: South & Central America Aircraft Wiring Harness Market Breakdown by Type
9.1.1.3.2 Argentina: South & Central America Aircraft Wiring Harness Market Breakdown by Material
9.1.1.4 Rest of South & Central America: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Rest of South & Central America: South & Central America Aircraft Wiring Harness Market Breakdown by Type
9.1.1.4.2 Rest of South & Central America: South & Central America 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 Collins Aerospace
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
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 2. South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Brazil: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 7. Brazil: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 8. Argentina: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. Argentina: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 10. Rest of South & Central America: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Rest of South & Central America: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 12. List of Abbreviation
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LIST OF FIGURES
Figure 2. Ecosystem: South & Central America Aircraft Wiring Harness Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Aircraft Wiring Harness Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America Aircraft Wiring Harness Market Share (%) – Type, 2022 and 2030
Figure 6. Wire Harness Terminal: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Wire Harness Connector: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Others: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. South & Central America Aircraft Wiring Harness Market Share (%) Material, 2022 and 2030
Figure 10. PVC: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Polyethylene: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Polyurethane: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Thermoplastic Elastomers: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Vinyl: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. South & Central America Aircraft Wiring Harness Market, By Country, 2022 ($Mn)
Figure 16. South & Central America Aircraft Wiring Harness Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Brazil: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Argentina: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Rest of South & Central America: South & Central America Aircraft Wiring Harness Market Revenue and Forecasts to 2030 (US$ Mn)
1. Collins Aerospace
2. GKN Aerospace Services Ltd
3. Latecoere SA
4. Safran SA
5. Samvardhana Motherson International Ltd
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