Middle East & Africa Aircraft Wire & Cable Market
Over the recent years, the countries in the MEA region including Saudi Arabia, Qatar, United Arab Emirates, and Kuwait have rapidly developed their civil aviation sectors. The International routes in this region have become global and the state support also providing additional incentives for air transportation development in this region. Along with this, steady growth in passenger traffic and strong fluctuations in traffic volumes throughout individual airports are expected to generate a need for transformation of the route network and increase the demand of airlines for passenger aircraft.
The aircraft industry plays a significant role not only for passengers and business travelers. The growth in demand for new aircrafts are expected to foster the demand for aircraft wire & cable in the near future. The aircraft industry is growing in a sustainable manner and government initiatives in terms of trade, tourism, and other transport sectors in different regions are also boosting the productive development and employment in this industry. Further, development in new technologies and procedures is also needed to improve connectivity and modernize infrastructure. In Africa, stagnant economic development, political instability, and limited financial resources will have a significant impact on the development of air transport system and intensity of commercial air transportation in the region. In the long run, the demand for African airlines is expected to increase portraying growth for the aircraft wire & cable market demand. Also, growing market for lightweight and durable aircraft wires and cables is the major factor driving the MEA aircraft wire & cable market.
The ongoing COVID-19 has impacted the MEA region very badly. Among the MEA countries, Turkey, Iran, and South Africa have faced the highest COVID-19 cases. Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and UAE. The MEA aircraft wire & cable market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several component has been disturbed. The demand for wires & cables for fast data transfer within a communication system in the aircraft has declined during the lockdown period. This has resulted in a loss of business among the aircraft wire & cable market players offering their products to respective customers in the MEA. Several aircraft manufacturers in South Africa produce general aviation piston aircraft, which demands wires & cables. The widespread COVID–19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for wires & cables, thereby hindering the aircraft wire & cable market in the country. Additionally, the disruption in the supply chain business due to the trade ban has also reflected adverse effects on the aircraft wire & cable market in the country.
Strategic insights for the Middle East & Africa Aircraft Wire & Cable provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 37.98 Million |
| Market Size by 2028 | US$ 50.40 Million |
| Global CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Aircraft Wire & Cable refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The aircraft wire & cable market in MEA is expected to grow from US$ 37.98 million in 2020 to US$ 50.40 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. For the region to realize its true potentials of rapid aviation industry development over the next two decades, there is a need to overcome various challenges. The challenges in African aviation industry pertain to stricter regulations being implemented, better infrastructure and flight connectivity in place, and an emphasis to be laid upon delivering safety to the air passengers. Smarter regulatory frameworks would enable establishment of good aircraft connectivity and bring in more opportunities in the region. Despite of its economic conditions the airline companies in MEA provinces are intensively investing into advanced airline technologies for fuel efficiencies and operational efficiencies in the aircraft. With their commitment to investing in the passenger experience, and with a high number of business travelers travelling to and from the region, the market for aircraft retrofitting is expected to boom in the coming years.
The MEA aircraft wire & cable market is segmented into type, fit type, aircraft type, and application. Based on type, the MEA aircraft wire & cable market is further segmented into harness, wire, and cable. Wire segment held a substantial market share in 2020. Based on fit type, the market is further categorized into line fit and retrofit. Retrofit segment held a substantial market share in 2020. Further, the market is segmented based on aircraft type into commercial and military. Commercial segment held a substantial market share in 2020. Based on application, the market is classified into power transfer, data transfer, flight control system, avionics, and lighting. Power transfer segment held a substantial market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the aircraft wire & cable market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AMETEK Inc.; Amphenol Corporation; Collins Aerospace, a Raytheon Technologies Corporation Company; Draka; HUBER+SUHNER; Nexans; TE Connectivity Ltd.; W. L. Gore and Associates, Inc.
The Middle East & Africa Aircraft Wire & Cable Market is valued at US$ 37.98 Million in 2020, it is projected to reach US$ 50.40 Million by 2028.
As per our report Middle East & Africa Aircraft Wire & Cable Market, the market size is valued at US$ 37.98 Million in 2020, projecting it to reach US$ 50.40 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Middle East & Africa Aircraft Wire & Cable Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Aircraft Wire & Cable Market report:
The Middle East & Africa Aircraft Wire & Cable Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Aircraft Wire & Cable Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Aircraft Wire & Cable Market value chain can benefit from the information contained in a comprehensive market report.
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