Aerospace Wires & Cables Market Trend Evaluation with covid-19 impact
October 09, 2020
This new report from Stratview Research analyses the Aerospace Wires & Cables Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aerospace Wires & Cables Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aerospace Wires & Cables Market is no different. Derived from the previous market scenario, the Aerospace Wires & Cables Market will reach US$ 0.8 Billion in 2026, but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Market Share Analysis
Based on the platform type, Stratview Research has segmented the market as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and others. As commercial aircraft faces a short descent in the wake of the pandemic, the military aircraft segment likely to remain relatively stable. Nevertheless, the commercial aircraft segment to remain the long-term thrust-bearer of the market, logging the fastest recuperation, owing to strong order backlogs of 12,661 (Airbus: 7,501 and Boeing: 5,160) aircraft as of August 2020. Furthermore, upcoming aircraft programs, such as C919 and MC21, are expected to uplift the segment’s healing course.
Based on the resin type, we have segmented the market as fluoropolymers, polyimide, and others. Fluoropolymers are expected to remain the most widely used resin type in the market, owing to their extraordinary performance. PTFE captures an elephantine chunk among all fluoropolymers, offering favorable properties such as extreme temperature resistance (-200°C to 300°C), chemically inert, low dielectric constant, low coefficient of friction, and excellent FST property.
Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/628/aircraft-wire-and-cable-market.html
Based on the application type, the market is segmented as power transfer, data transfer, flight control system, avionics, and others. Power transfer is expected to maintain its vanguard in the market with the least decline and the fastest recovery during the forecast period, whereas the avionics segment is projected to suffer a prolonged impact of the pandemic with the slowest long-term recovery. In recent years, the market is witnessing a gradual shift towards wireless avionics and flight control systems.
All the regional markets are anticipated to mark gargantuan declines in 2020. With the strong presence of leading players, North America and Europe are expected to grab the largest share of the market during the forecast period. The USA to act as the helm of the regional as well as global market. Asia-Pacific is likely to emerge out of despair earliest, with the highest long-term CAGR, offering a plethora of opportunities in the long-term. Other key factors likely to cause a stir in the region’s market are the opening of assembly plants of Boeing and Airbus in China and upcoming indigenous commercial and military aircraft. India to be the new growth engine, actively developing policies to welcome companies willing to move away from China.
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
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