The global cables and wires for aerospace and defense market was valued at $27.8 billion in 2022, and is projected to reach $47 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.
Cables and wires for aerospace and defense are specialized electrical conductors designed to transmit power, data, and signals within military and aviation systems. They are engineered to withstand harsh environmental conditions, resist interference, and maintain reliability, playing a vital role in the functionality and safety of mission-critical equipment in these sectors. The growth of the global cables and wires for aerospace and defense market is majorly driven by digitalization and electrification of aerospace & defense systems paired with development of innovative aircraft solutions.
Further, a rise in military expenditure is anticipated to drive the growth of the global cables and wires for aerospace and defense market. However, complex government frameworks and stringent policies related to cable and wire harnesses safety paired with high development and maintenance costs of infrastructure to support satellite wiring and assemblies act as some of the prime restraints of the global market. On the contrary, a rise in government investment in defense and space agencies is anticipated to provide lucrative opportunities for the market during the forecast period.
The cables and wires for the aerospace & defense market is segmented on the basis of type, voltage, application, and region. Based on type, the market is bifurcated into cable and wire. By voltage, the market is segmented into low voltage, medium voltage, high voltage, and extra high voltage. Based on application, the market is segregated into communication systems, navigation systems, military ground equipment, power distribution, and others.
The key players that operate in the market include A.E. Petsche, Amphenol Corporation Apar Industries Ltd., Carlisle Interconnect Technologies, Collins Aerospace, Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & cable, Gem Cable, Jiuzhou Wire & Cable Co., Ltd., Miracle Electronics Devices Pvt Ltd., Nexans SA, PIC Wire & Cable, Radiant Cables Pvt. Ltd., Sumitomo Electric Industries, TE Connectivity Ltd., Thermo Cables Limited. and Tyler Madison, Inc.
Cables and wires for aerospace and defense are specialized electrical conductors designed to transmit power, data, and signals within military and aviation systems. They are engineered to withstand harsh environmental conditions, resist interference, and maintain reliability, playing a vital role in the functionality and safety of mission-critical equipment in these sectors. The growth of the global cables and wires for aerospace and defense market is majorly driven by digitalization and electrification of aerospace & defense systems paired with development of innovative aircraft solutions.
Further, a rise in military expenditure is anticipated to drive the growth of the global cables and wires for aerospace and defense market. However, complex government frameworks and stringent policies related to cable and wire harnesses safety paired with high development and maintenance costs of infrastructure to support satellite wiring and assemblies act as some of the prime restraints of the global market. On the contrary, a rise in government investment in defense and space agencies is anticipated to provide lucrative opportunities for the market during the forecast period.
The cables and wires for the aerospace & defense market is segmented on the basis of type, voltage, application, and region. Based on type, the market is bifurcated into cable and wire. By voltage, the market is segmented into low voltage, medium voltage, high voltage, and extra high voltage. Based on application, the market is segregated into communication systems, navigation systems, military ground equipment, power distribution, and others.
The key players that operate in the market include A.E. Petsche, Amphenol Corporation Apar Industries Ltd., Carlisle Interconnect Technologies, Collins Aerospace, Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & cable, Gem Cable, Jiuzhou Wire & Cable Co., Ltd., Miracle Electronics Devices Pvt Ltd., Nexans SA, PIC Wire & Cable, Radiant Cables Pvt. Ltd., Sumitomo Electric Industries, TE Connectivity Ltd., Thermo Cables Limited. and Tyler Madison, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cables and wires for aerospace and defense market analysis from 2022 to 2032 to identify the prevailing cables and wires for aerospace and defense market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cables and wires for aerospace and defense market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cables and wires for aerospace and defense market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Cable
- Cable Type
- Coaxail Cable
- Power Cable
- Shipboard Cable
- Others
- Wire
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
By Application
- Communication Systems
- Navigation Systems
- Military Ground Equipment
- Power Distribution
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Radiant Cable
- Sumitomo Electric Industries
- Nexans SA
- Apar Industries Ltd
- Miracle Electronics Devices Pvt Ltd
- Collins Aerospace
- Thermo Cables Limited
- Amphenol Corporation
- TE Connectivity Ltd
- Carlisle Interconnect Technologies
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CABLES AND WIRES FOR AEROSPACE AND DEFENSE MARKET, BY TYPE
CHAPTER 5: CABLES AND WIRES FOR AEROSPACE AND DEFENSE MARKET, BY VOLTAGE
CHAPTER 6: CABLES AND WIRES FOR AEROSPACE AND DEFENSE MARKET, BY APPLICATION
CHAPTER 7: CABLES AND WIRES FOR AEROSPACE AND DEFENSE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the cables and wires for aerospace and defense market was valued at $27.8 billion in 2022, and is estimated to reach $47 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.The Cables and wires for aerospace and defense market is likely to experience a significant growth rate of 5.47% from 2023-2032 owing to rising military expenditure globally
Cables and wires for aerospace and defense are essential components of electrical systems in military and aviation applications. Cables typically consist of multiple insulated conductors bundled together, while wires are single conductors. They are designed to transmit power, data, and signals while withstanding extreme environmental conditions and electromagnetic interference, ensuring the reliable and secure operation of critical equipment in these sectors.Cables and wires for aerospace and defense can be found in a variety of applications. They are commonly found in applications such as communication systems, navigation systems, military ground equipment, and power distribution. In military and defense, cables and wires for aerospace and defense are used to facilitate the transmission of power, data, and signals within complex systems and equipment. These specialized components enable communication, control, and the operation of various electronic and electrical devices, such as radar systems, avionics, navigation equipment, and weaponry. They are designed to ensure the reliability, durability, and security of these critical systems, even in harsh and challenging environments, ultimately contributing to the effectiveness and safety of military operations and defense applications.
Key factors driving the growth of the cables and wires for aerospace and defense market include technological advancements, growing demand for communication systems, and others. The Ongoing technological advancements in aerospace and defense equipment requires specialized cables and wires to match the rising complexity and sophistication of these systems. For example, the evolution of next-gen fighter jets, drones, and advanced missile systems necessitates cables and wires that can manage increased data speeds, reduce signal interference, and function in harsh conditions like extreme temperatures and electromagnetic disturbances. Moreover, as defense systems become more interconnected and dependent on real-time data sharing, these cables and wires play a crucial role in ensuring smooth information flow, ultimately enhancing situational awareness and operational efficiency. Furthermore, the increasing demand within the defense industry for secure and dependable communication systems is a significant factor propelling the cables and wires market. In contemporary military activities, effective communication plays a pivotal role in tasks such as command and control, intelligence acquisition, and the synchronization of military units. This rising need has spurred the advancement of cutting-edge communication networks and technologies, including secure data connections, satellite communication, and encrypted messaging systems. To facilitate these capabilities, specialized cables and wires are essential, ensuring rapid and error-free data transfer, preserving the integrity of signals, and safeguarding against cyber threats. Consequently, they constitute a vital element of modern defense infrastructure.
The market also offers growth opportunities to the key players in the market. High Data Rate Communication and others. With the increasing reliance on data-intensive applications and communication systems in aerospace and defense, there is a growing demand for cables and wires that can support high data transfer rates, ensuring rapid and reliable data transmission. This trend will likely expand into more industries and applications, thereby providing growth opportunities for the stakeholders in the coming years.
The cables and wires for the aerospace & defense market are segmented on the basis of type, voltage, application, and region. On the basis of type, the market is divided into cable and wire. In 2022, the cable segment dominated the market, in terms of revenue, and is expected to follow the same trend during the forecast period. By voltage, the market is segmented into low voltage, medium voltage, high voltage, and extra high voltage. The high voltage segment dominated the market in 2022, and the medium voltage segment is expected to dominate the market during the forecast period. Based on application, the market is segregated into communication systems, navigation systems, military ground equipment, power distribution, and others. The power distribution segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032.
By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific), and LAMEA (UAE, Argentina, rest of Middle East, rest of Latin America, and rest of Africa). Asia-Pacific region, especially China remains a significant participant in the cables and wires for aerospace and defense market.
The key players profiled in the study include A.E. Petsche, Amphenol Corporation Apar Industries Ltd., Carlisle Interconnect Technologies, Collins Aerospace, Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & Cable, Gem Cable, Jiuzhou Wire & Cable Co., Ltd., Miracle Electronics Devices Pvt. Ltd., Nexans SA, PIC Wire & Cable, Radiant Cables Pvt. Ltd., Sumitomo Electric Industries, TE Connectivity Ltd., thermo Cables Limited, and Tyler Madison, Inc. The players in the market have been actively engaged in the adoption various strategies such as product launch, partnership, collaboration, acquisition, product upgrade, and product development to remain competitive and gain advantage over the competitors in the market. For instance, in July 2022, Boom Supersonic signed an expanded agreement with Collins Aerospace, a subsidiary of Raytheon Technologies. This partnership is expected to see Collins Aerospace providing major aircraft systems for Boom's Overture, a supersonic commercial airliner. Collins Aerospace's expertise in avionics, power, and control systems is anticipated to play a crucial role in advancing the development of Overture, which aims to revolutionize the future of air travel by enabling faster and more efficient supersonic flights.
Key Market Insights
By type, the Cable segment was the highest revenue contributor to the market, and is estimated to reach $33.83 billion by 2032, and is estimated to be the fastest growing segment with a CAGR of 5.86% during the forecast period.By application, the Power Distribution segment dominated the global market, and is estimated to reach $13.63 billion by 2032, with a CAGR of 5.06%. However, the Military Ground Equipment segment is estimated to be the fastest growing segment with a CAGR of 6.94% during the forecast period.
By Region, Asia-Pacific was the highest revenue contributor, accounting for $11.14 billion in 2022, and is estimated to reach $21.00 billion by 2032, with a CAGR of 6.61% during the forecast period.
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Companies Mentioned
- Radiant Cable
- Sumitomo Electric Industries
- Nexans SA
- Apar Industries Ltd
- Miracle Electronics Devices Pvt Ltd
- Collins Aerospace
- Thermo Cables Limited
- Amphenol Corporation
- TE Connectivity Ltd
- Carlisle Interconnect Technologies
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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