At 7.0% CAGR, North America Aircraft Wiring Harness Market is Projected to be Worth US$ 1,237.04 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America aircraft wiring harness market was valued at US$ 721.64 million in 2022 and is expected to reach US$ 1,237.04 million by 2030, registering a CAGR of 7.0% from 2022 to 2030. Rise in demand for commercial aircraft and miniaturization of wire harness are among the critical factors attributed to the North America aircraft wiring harness market expansion.

The wire harness industry is poised to undergo significant changes as it adapts to evolving technologies, along with rising demand for customized solutions. Miniaturization is one of the most significant trends that will likely shape the aviation industry. As technology becomes more compact, wire harnesses must be designed with smaller components and thinner wires that can accommodate higher data rates while taking up less space. The integration of automation in wire harness manufacturing will increase efficiency and reduce errors. Customized wire harness solutions will also become more critical for specific aerospace applications with the rising adoption of IoT and smart devices. Modern aviation systems require high-speed data transmission capabilities. The industry must focus on using environmentally friendly materials and production processes while creating wire harnesses capable of handling multiple connections and communication protocols. Further, miniaturized wire harnesses are designed to handle various requirements of aviation systems, supporting the growing demand for in-flight connectivity and data-intensive applications. As modern aircraft are equipped with a multitude of advanced systems and components, miniaturized wire harnesses help ensure efficient routing and installation within the limited space constraints of an aircraft. Thus, the trend of miniaturization of wire harnesses is likely to fuel the market growth in the coming years.

On the contrary, cost constraints in low profit margin hamper the growth of North America aircraft wiring harness market.

Based on type, the North America aircraft wiring harness market is categorized into wire harness terminal, wire harness connector, and others. The wire harness terminal segment held 43.0% share of North America aircraft wiring harness market in 2022, amassing US$ 310.17 million. It is projected to garner US$ 520.21 million by 2030 to expand at 6.7% CAGR during 2022-2030.

In terms of material, the North America aircraft wiring harness market is segmented into PVC, polyethylene, polyurethane, thermoplastic elastomers, and vinyl. The PVC segment held 39.1% share of North America aircraft wiring harness market in 2022, amassing US$ 282.45 million. It is projected to garner US$ 458.16 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on country, the North America aircraft wiring harness market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.7% share of North America aircraft wiring harness market in 2022. It was assessed at US$ 539.14 million in 2022 and is likely to hit US$ 942.82 million by 2030, exhibiting a CAGR of 7.2% during 2022-2030.

Key players operating in the North America aircraft wiring harness market are Collins Aerospace, GKN Aerospace Services Ltd, Heritage Aviation Pvt Ltd, Interconnect Solutions Company LLC, Latecoere SA, Safran SA, Samvardhana Motherson International Ltd, and Steinair Inc, among others.

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