Market Research Future (MRFR) has published on the “Global Electrical Wiring Interconnection System (EWIS) Market”.
The Electrical Wiring Interconnection System (EWIS) market is estimated to register a CAGR of 5.2% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Electrical Wiring Interconnection System (EWIS) market - Safran, GKN Aerospace Services Limited, Latecoere, Ducommun Incorporated, TE Connectivity, Amphenol Corporation, Elektro-Metall Export, Raytheon Technologies Corporation, Eaton Corporation, InterConnect Wiring, Radiall, and PIC Wire & Cableand others.
Electrical Wiring Interconnection System (EWIS) Market Highlights
The Electrical Wiring Interconnection System (EWIS) market is accounted for to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 11,829.1 million by 2032.
The aircraft business has increased its electronic component count. Airbus and Boeing's drive towards 'more electric' aircraft gradually replaces traditional mechanical or hydraulic systems with electrical power. This attitude is a drive towards improved reliability, efficiency, and availability, reduced weight, and ease in maintenance. The modern power levels of business aircraft are reaching as much as 1,000 kW; electrical systems alone account for some 15% of all equipment. This rise of electrical power on board shall lead to ever-more complex designs of electrical components like magnetic converters, which call for a multi-physical approach nowadays: power electronics, thermal management, and mechanics. Advances in technology with respect to wide-bandgap semiconductors and microelectronics have drastically improved the performance of these converters but made their working principles increasingly more challenging to understand and design. With this, business aircraft demand will keep pushing innovative and efficient electrical systems into the future
The development of electric aircraft has raised interest in the electrical wiring interconnection system market. Evidently, the whole future of the aviation industry, as time changes, will be towards sustainable and cost-efficient modes of transport. Clearly, developments and the implementation of advanced EWIS technologies surge with increasing demand for electric aircraft. EWIS plays an essential role in the functionality of electric aircraft, as this system distributes electrical power, data, and communication signals throughout the aircraft.
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Segment Analysis
Based on the Type, the Electrical Wiring Interconnection System (EWIS) market is bifurcated into Commercial Aviation and Military Aviation. Among the Type Commercial Aviation accounted for the largest market share with a market share of 77.2% in 2023, which is projected to grow at a CAGR of 5.1% during the forecast period. A network of electrical wiring, connectors, and components that transmit electrical power and signals throughout an aircraft is Electrical Wiring Interconnection System.
Based on Application, the global Electrical Wiring Interconnection System (EWIS) market has been segmented into Avionics, Interiors, Propulsion, Airframe, and Others. By Application, Avionics accounted for the largest market share with a market value of USD 2,963.2 million in 2023, which is projected to grow at a CAGR of 5.6% during the forecast period.
Based on End User, the global Electrical Wiring Interconnection System (EWIS) market has been market based on end-user is segmented into OEM and Aftermarket. By End-user, OEM accounted for the largest market share with a market value of USD 5,628.3 million in 2023, which is projected to grow at a CAGR of 5.3% during the forecast period. For the EWIS market, OEMs are Aircraft Manufacturers, Automobile Manufacturers, Industrial Equipment Manufacturers, Consumer Electronics Manufacturers.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is anticipated to dominate the Electrical Wiring Interconnection System (EWIS) market in 2023 and exhibit the highest CAGR during the forecast period.
Among Region, Asia-Pacific holds the highest market share of 40.5% in 2023 in Electrical Wiring Interconnection System (EWIS) market, the market for North America was valued at USD 3,026.9 Million in 2023 and is anticipated to reach USD 4,686.7 Million in 2032 growing at a CAGR of 5.0 %.
The North American region has strong regulations for the aviation industry and EWIS. United States contributes to developing a strong defense system to protect its borders from outside threats. This opens new potential for EWIS vendors in this area. United States has a strong presence in the aviation industry. Several key players contribute significantly to the aviation sector in this region for commercial aircraft manufacturing, defense aviation, general aviation.
Asia pacific region’s overall demand for aviation industry is increasing rapidly. The aerospace industry in the Asia-Pacific region flourishes due to rapid economic growth and expanding middle-class demographics driving air travel demand. Government investments in aerospace infrastructure and technology also contribute due this growth. Increasing demand for commercial and military aircraft in this region drives growth for the EWIS market. China is experiencing high demand for aircraft production and MRO services. As a major state-owned aerospace and defense conglomerate, AVIC plays a pivotal role in EWIS development in China.
The MEA region has well established aerospace industry. Advances in EWIS technology have introduced lighter materials, such as aluminum wiring and composite materials, which reduce the overall weight of the aircraft. Boeing and Airbus have strong presence and dominance. In the UAE, key players in EWIS include Strata Manufacturing, and Etihad Engineering. They have strong expertise for composite structures and components & for comprehensive MRO services including electrical systems maintenance. The strategic location of the Middle East as a center between Asia, Europe, and Africa has contributed to the growth of the aerospace sector. Major airlines based in the region, such as Emirates (Dubai), Qatar Airways (Doha), and Etihad Airways have extensive networks and connect passengers worldwide.
Key Findings of the Study
- Global Electrical Wiring Interconnection System (EWIS) Market expected to reach USD 11,829.1 Million by 2032.
- Market growing at a CAGR of 5.2% during 2024–2032.
- Some of the key players operating in the market are Safran, Latecoere, TE Connectivity, Amphenol Corporation and Other which have substantial presence in the market.
- Based on type the market is segmented into Commercial Aviation and Military Aviation. Among Type Commercial Aviation segment holds the larger market share in 2023 and is expected to register a significant CAGR during the forecast period.
- Based on Application, the market is segmented into Avionics, Interiors, Propulsion, Airframe and Others. Among Application, the Professional Camera segment holds the largest market share and is expected to reach its highest CAGR during the forecast period.
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