Aviation Connector Market size was valued at USD 4.8 billion in 2020 and is projected to reach USD 8.54 billion by 2030 growing with the CAGR of 6.0% during the forecast period. Electrical connector refers is an electromechanical device used to join electrical conductors and create an electrical circuit. Aviation Connectors are particularly used for connecting different electrical objects and systems in an aircraft. Some of the types of aviation connectors are printed circuit board (PCB), high power, high speed, fiber optic and RF connectors. Depending upon the purpose, aviation connectors come in circular or rectangular shape. These connectors can operate in temperature range of minus 55°c to plus 175°c and provide robust resistance to vibration, ingress, smoke, fire and other hazards. Aviation connector market is driven by increasing flight safety and decreasing operational & maintenance cost.
Market Segmentation:
On the basis of shape, the aviation connector market is bifurcated into circular and rectangular. Based on application, the market is divided into landing gear, engine control system, avionics, cabin equipment and others. According to type, the market is divided into PCB, high power, high speed, RF connectors and fiber optics. By platform, the market is segmented into fixed wing and rotary wing. On the basis of end user, the aviation connector market is classified into commercial, business jets, military and others. Geographic breakdown includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Market Dynamics and Factors:
The global aviation connector market is primarily driven by the increasing demand for the aircraft and improving flight safety. According to research study, global commercial aircraft production rate is expected to increase by 4.67% in 2020. Also, in 2019, global air traffic passenger demand increased by 4.2% resulting to rise the demand for commercial airplanes. However, in 2020, due to the coronavirus outbreak, traffic is projected to decrease with 54.2 percent which could hinder the growth of aviation connector market. In addition, the business class in passenger aircraft provides In-flight entertainment (IFE) for travelers to keep them entertained during long flights which has resulted increase in the need of more connectors apart from connectors used for cockpit controls. Fiber optic connector is making significant advances due to the features like high speed and lightweight. It has become the prime choice for military applications as it provides enhanced ruggedness suitable for harsh environment in aviation applications and military-grade systems.
Geographic Analysis:
North America is expected to dominate the aviation connector market owing to the presence of major aircraft manufacturers such as Boeing, Lockheed Martin, GE Aviation, United Technologies, Gulfstream Aerospace, and Sikorsky Aircraft in U.S. Asia Pacific is expected to witness the highest CAGR during the forecast period. This growth is attributed to the demand for business jets, experimental aircraft, commercial, and military aircraft in China and India. Europe is expected to grow at a significant CAGR owing to the replacement of aging military aircrafts with new combat aircrafts.
Competitive Scenario:
Some of the major players of global aviation connector market are Eaton Corporation, Smiths Group PLC, TE Connectivity, Amphenol Corporation, Carlisle Companies Inc., Bel Fuse Inc.
Aviation Connector Market Report Scope
Report Attribute | Details |
Analysis Period | 2020–2030 |
Base Year | 2021 |
Forecast Period | 2022–2030 |
Market Size Estimation | Billion (USD) |
Growth Rate (CAGR%) | 6 % |
| By Shape (Circular and Rectangular), By Application (Landing Gear, Engine Control System, Avionics, Cabin Equipment, and Others), By Type (Printed Circuit Board (PCB), High Power, High Speed, (Radio Frequency) RF Connectors, and Fiber Optics), By Platform (Fixed Wing and Rotary Wing), By End User (Commercial, Business Jets, Military, and Others) |
Geographical Segmentation | North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa) |
Key Companies Profiled | Eaton Corporation, Smiths Group PLC, TE Connectivity, Amphenol Corporation, Carlisle Companies Inc., Bel Fuse Inc. |
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