At 5.8% CAGR, Middle East & Africa Aircraft Wiring Harness Market is projected to be worth US$ 227.76 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa aircraft wiring harness market was valued at US$ 145.13 million in 2022 and is expected to reach US$ 227.76 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Rise in demand for commercial aircraft and surge in demand for MRO services are among the critical factors attributed to the Middle East & Africa aircraft wiring harness market expansion.

The number of commercial aircraft is increasing significantly worldwide. Commercial airline operators are maximizing the utilization of their aircraft to meet growing passenger demand for air travel. As more people choose air travel, airlines operate more flights with shorter turnaround times between departures. This increased flight frequency demands aircraft maintenance to ensure safe and reliable operations. Further, according to the World Bank, the number of air passengers reached ~2.07 billion in 2021, including ~21.8 million departures recorded by registered air carriers. Moreover, according to the report World Bank, ~205,267 million ton-km freight was moved by air transport in 2022. In comparison to 2021, ~1.6 billion passengers were carried through air transport, and ~17.9 million departures were recorded by registered air carriers in 2020. Furthermore, ~171,582 million ton-km freight was moved by air transport, according to the same report. To carry current and electronic signals from the nose to the tail of an aircraft, the aircraft wire harness assembly plays a crucial role in maintaining smooth operations. From the fuselage harness to the power distribution assembly, wire harness makers create intricate electrical harnesses and harness assemblies, enabling the operating and controlling of almost every aircraft component. Therefore, with the growing demand for commercial aircraft, the demand for Aircraft Wiring Harnesses is also increasing, which boosts market growth.

On the contrary, cost constraints in low profit margin hamper the growth of Middle East & Africa aircraft wiring harness market.

Based on type, the Middle East & Africa aircraft wiring harness market is categorized into wire harness terminal, wire harness connector, and others. The wire harness terminal segment held 44.4% share of Middle East & Africa aircraft wiring harness market in 2022, amassing US$ 64.51 million. It is projected to garner US$ 98.39 million by 2030 to expand at 5.4% CAGR during 2022-2030.

In terms of material, the Middle East & Africa aircraft wiring harness market is segmented into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held 39.5% share of Middle East & Africa aircraft wiring harness market in 2022, amassing US$ 57.31 million. It is projected to garner US$ 85.19 million by 2030 to expand at 5.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa aircraft wiring harness market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 43.8% share of Middle East & Africa aircraft wiring harness market in 2022. It was assessed at US$ 63.50 million in 2022 and is likely to hit US$ 105.05 million by 2030, exhibiting a CAGR of 6.5% during 2022-2030.

Key players operating in the Middle East & Africa aircraft wiring harness market are Collins Aerospace, GKN Aerospace Services Ltd, Safran SA, and Samvardhana Motherson International Ltd, among others.

• In 2023, In the United Arab Emirates (UAE), Samvardhana Motherson International Ltd (SAMIL) launched a new wiring harness manufacturing facility to sell to European markets. According to the corporation, the 11,000 square meter greenfield plant in Ras Al Khaimah Economic Zone (RAKEZ) was constructed. Five hundred individuals will be working there.
  
  
• In 2022, Collins Aerospace agreed to collaborate with Morocco's Ministry of Industry to create an ecosystem based on an existing platform. It will create a network of vendors in the country to produce wire harnesses, fuselage, wing, and engine parts.
  
  

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