This new report from Stratview Research analyses the Aviation Connectors 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.
Aviation Connectors Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aviation Connectors Market is no different. Derived from the previous market scenario, the Aviation Connectors Market is likely to witness an impressive CAGR of 6.2% during 2020-25 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:
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Market Share Analysis
Aviation Connectors Market Share: By Type
Based on the type, the market is segmented as printed circuit board, high power, high speed, RF connectors, and fiber optic. The fiber optic segment dominated the market in 2018, and is estimated to continue its dominance during the forecast period. The growth is owing to the growing procurement of fiber optics to cater to the increasing demand for high-speed data transmission and growing use of new telecommunication technologies, such as FTTx applications.
Aviation Connectors Market Share: By Shape Type
Based on the shape type, the market is segmented as circular and rectangular. The circular connectors segment is expected to depict a higher growth supported by the increasing demand for connectors from 3C application (computers, communications, and consumer electronics) in the aviation sector and escalating demand for advanced features, convenience, and connectivity products.
Aviation Connectors Market Share: By Application Type
Based on the application type, the market is segmented as landing gear, engine control system, avionics, cabin equipment, and others. The avionics segment is likely to portray the highest growth during the forecast period. Factors such as rise in aircraft orders and deliveries across the globe have immensely contributed towards the growth of the aviation connectors market. The market is also sustained by the need for modern avionic systems. Growing concerns over flight safety and decreasing operational & maintenance cost have led to the rise in demand for modern aviation connectors.
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Aviation Connectors Market Share: By Platform Type
Based on the platform type, the market is segmented as fixed wing and rotary wing. The fixed wing segment is estimated to register a higher growth supported by the rising air passenger traffic across the globe and upgradation of aircraft, which is contributing to the increase in demand for fixed-wing commercial aircraft. Thus, this will result in the unprecedented growth of the global aviation connectors market for the fixed wing segment.
Aviation Connectors Market Share: By Region
In terms of regions, the Asia-Pacific’s aviation connectors market is estimated to grow at a substantial CAGR during the forecast period, driven by factors such as rising air passenger traffic and companies entering into aircraft manufacturing business in this region. Growing alarm over flight safety and decreasing operational & maintenance costs have led to the surge in demand for modern avionic systems. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Aviation Connectors Market: Key Players
Some of the major players in the aviation connectors market are-
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