Europe Aerospace & Defense Power Connector Market to Reach US$ 435.76Mn at a CAGR of 5.1% in 2027

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Market Size (2019): US$ 298.20 Mn

Forecast Market Size (2027): US$ 435.76 Mn

CAGR (2020–2027): 5.1%

Primary Growth Drivers: Increasing defense spending globally, Rising demand for military aircraft and unmanned aerial vehicles (UAVs), Technological advancements in connector designs

Key Trends: Miniaturization of power connectors for compact aerospace systems, Increasing adoption of lightweight and durable materials

Growth Opportunities: Development of next-gen connectors for electric aircraft, Opportunities in the satellite and space exploration sector, Advancements in 5G and IoT technologies for aerospace applications

Base Value (2019)

US$ 298.20 Mn

Projected (2027)

US$ 435.76 Mn

CAGR (2020-2027)

5.1%

5 Amp to 40 Amps in Current RatingSegment to Dominate Europe Aerospace & Defense Power Connector Market during 2019–2027

According to our new market research study on “EuropeAerospace & Defense Power Connector Market to 2027 – Regional Analysis and Forecast – by Current Rating, Connector Shape, and Application,”the market is expected to reach US$ 435.76Mn by 2027 from US$ 298.20Mn in 2019; it is estimated to grow at a CAGR of 5.1% from 2020 to 2027.The report provides trends prevailing in the Europeaerospace & defense power connector market along with the drivers and restraints pertaining to the market growth. The growth of the Europeaerospace & defense power connectormarket is mainly attributed tocontinuous developments in of commercial aircraft.However, thelimited production of wide-body aircraftis the factor hampering the growth of the market in this region.

The aerospace & defense power connector market, by current rating, is segmented into 5Amp to 40Amp, >40Amp to 80Amp, >80Amp to 150Amp, >150Amp to 300Amp, >300Amp to 600Amps >600Amp to 900Amp. The 5Amp to 40Ampsegment held the largest share of the Europemarket in 2019. The power connectors with current ratings ranging from 5Amps to 40Amps are the most prominently used connectors in the aerospace & defense industry. A few of the application areas of power connectors in this amperage range include commercial aircraft cabin systems and unmanned airborne systems. These connectors are capable of mating quickly as well as providing superior durability and ensuring proper connection via connector position assurance (CPA).

Amphenol Corporation, Eaton Corporation plc, TE Connectivity, MOLEX, LLC, ITT Inc, Fischer Connectors SA, AMETEK Inc., Collins Aerospace, Radiall, and Arrow Electronics, Inc are among the leading companies in the Europe aerospace & defense power connectormarket. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in February 2020, AMETEK announced the completion of a significant hermetic connector production expansion.