South America Aircraft Wire & Cable Market
SAM economy is facing a lot of instability in the current times and poses a challenge to the developing economies. Yet the growing share of middle class in the region is expected to positively impact the growth of aviation industry in the region. Also, a developing aviation market in the region bodes well for the rapid growth in the coming years and as a result various country in SAM are investing for additional fleet of aircrafts for commercial as well as military purposes. Another factor impacting this industry is the rapid growth in urbanization due to which there has been a marked increase in the air traffic. The presence of several small airlines with low profitability generates a requirement for the further development of the industry and airlines in this region. Substantial growth of economic activity of the middle class in this region is contributing to the increase in mobility of the population and protecting the stable development of air transportation, specifically on domestic and regional routes. The total demand for aircraft in this region is expected to increase in near future, owing to the development of the airport infrastructure, improvement in air transportation network, and high share of low-cost transportation in domestic routes along with active operation of large aviation holding companies & national airlines are expected to propel the demand for new aircraft in this region. The aforementioned factors are expected to deliver ample opportunities for aircraft wire & cable market in this region.
The ongoing COVID-19 is having a devastating impact on the SAM region. In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. Brazil is the largest spender in the aerospace sector and is the only modern aircraft manufacturing country in the region. Due to this, the demand for components and aircraft-related systems and technologies is at an all-time high in the country. In addition, most of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft wire & cable. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM aircraft wire & cable market, especially Brazil.
Strategic insights for the South America 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$ 73.15 Million |
| Market Size by 2028 | US$ 104.37 Million |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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 SAM is expected to grow from US$ 73.15 million in 2020 to US$ 104.37 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The total demand for aircraft in this region is expected to increase in near future, owing to the development of the airport infrastructure, improvement in air transportation network, and high share of low-cost transportation in domestic routes along with active operation of large aviation holding companies & national airlines are expected to propel the demand for new aircraft in this region. The aforementioned factors are expected to deliver ample opportunities for aircraft wire & cable market in this region.
The SAM aircraft wire & cable market is segmented into type, fit type, aircraft type, and application. Based on type, the SAM 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. Line fit 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 SAM 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 South America Aircraft Wire & Cable Market is valued at US$ 73.15 Million in 2020, it is projected to reach US$ 104.37 Million by 2028.
As per our report South America Aircraft Wire & Cable Market, the market size is valued at US$ 73.15 Million in 2020, projecting it to reach US$ 104.37 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The South America 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 South America Aircraft Wire & Cable Market report:
The South America Aircraft Wire & Cable Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Aircraft Wire & Cable Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Aircraft Wire & Cable Market value chain can benefit from the information contained in a comprehensive market report.
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