Market Research Future (MRFR) has published on the “Global Military Electrical Wiring Interconnection System (EWIS) market”.
The Military Electrical Wiring Interconnection System (EWIS) market is estimated to register a CAGR of 5.4 % during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Global Military Electrical Wiring Interconnection System (EWIS) market— GKN Aerospace Services Limited, TE Connectivity, Amphenol Corporation, Radiall, Safran, Sasmos, Latecoere, W. L. Gore & Associates, Inc, Co-Operative Industries Aerospace & Defense among others.
Market Highlights
The global Military Electrical Wiring Interconnection System (EWIS) market is accounted for to register a CAGR of 5.4 % during the forecast period and is estimated to reach USD 4,259.98 million by 2032.
The modernization of military fleets is a key driver of the Military Electrical Wiring Interconnection System (EWIS) market. As defence forces worldwide work to improve their military capabilities, there is a growing demand for innovative and dependable EWIS technologies. Modern military operations necessitate sophisticated equipment that can run flawlessly in harsh environments, making the role of reliable and efficient electrical connectivity systems critical. This trend can be observed in aviation business where first, second and third generations of aircraft and UAVs require highly reliable wiring systems to guarantee highest performance and safety. A major part of this upgrading is the use of modern technology such as the use of fly-by-wire systems as well as enhanced power and control among other things such as avionics, communication and navigation systems. These technologies are mainly dependent on quite complex circuits of electricity which are able to accommodate increasing demands in data transferring and electricity supply. Therefore, the need for more durable, dependable, and efficient EWIS solutions has continued to rise. The demand for these weapons is driven by increased spending of several countries on their defence capabilities.
Military EWIS market is driven by the ever-increasing demand for sophisticated military aircraft. Contemporary military missions require versatile and multi-functional aircraft for surveillance, combat, reconnaissance, and transport functions. Thus, in support of these numerous activities, the military aircraft carries modern avionics, communications, and electronic warfare. Such an aircraft level of technical integration requires highly reliable and effective EWIS technologies that can provide consistent electrical power and data communication throughout the airplane.
Segment Analysis
The global Military Electrical Wiring Interconnection System (EWIS) market has been segmented based on Component, Application, End User and Region.
Based on the Component, the global Military Electrical Wiring Interconnection System (EWIS) market has been bifurcated into Wires and Cables, Connectors, Grounding and Bonding Devices, Splices, Clamps, and Others. The Wires and Cables segment accounted for the largest market share of 37.3% in 2023. The expansion of the wires and cables segment in the military EWIS market is primarily driven by modernization and upgrading activities in worldwide defense forces. As military platforms evolve, there is a growing demand for sophisticated wiring systems capable of supporting high-speed data transfer, increased communication, and the integration of new technologies.
Based on the Application, the global Military Electrical Wiring Interconnection System (EWIS) market has been bifurcated into air, land, naval, and satellite. The Air segment accounted for the largest market share of 64.1% in 2023. Further the Air segment is sub-segmented into Aircraft, Missiles and Weapon, UAVs. The Military Electrical Wiring Interconnection System (EWIS) Air application segment is essential to maintaining the operational integrity and security of military aircraft.
Based on the End User, the global Military Electrical Wiring Interconnection System (EWIS) market has been bifurcated into Retrofit and Line fit. The Line fit segment accounted for the largest market share in 2023. The Line Fit end-use section of the Military Electrical Wiring Interconnection System (EWIS) describes the installation of electrical wiring and interconnection systems during the initial production phase of military platforms
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Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South & Central America. North America accounted for the largest market share in Military Electrical Wiring Interconnection System (EWIS) Market in 2023. In North America, the emphasis on improving military readiness and operational efficiency fuels market growth. The United States Department of Defense (DoD) emphasizes investments in upgrading and maintaining current EWIS infrastructure to assure peak performance and safety throughout all military operations.
In Europe, the EWIS market is significantly influenced by the rigorous regulatory standards and certifications that regulate the military and aerospace industries in Europe. These standards ensure that EWIS components meet safety, performance and reliability requirements.
The Military Electrical Wiring Interconnection System (EWIS) market in Asia Pacific region is currently evolving significantly and it is influenced by the series of factors that are deeply linked to the transformed geopolitical situation and technological progress in the Asia Pacific region. For this market segment, the support of the electrical bearing of military aircraft, naval ship and ground vehicles is critical to ensure communications, navigation and operation in various demanding conditions.
Key Findings of the Study
- The global Military Electrical Wiring Interconnection System (EWIS) market is expected to reach USD 4,259.98 million by 2032, at a CAGR of 5.4 % during the forecast period.
- Asia-Pacific region accounted for the fastest-growing global market.
- Based on Component, the Wires and Cables segment was attributed to holding the largest market in 2023, with an approximate market share of 37.3%.
- GKN Aerospace Services Limited, TE Connectivity, Amphenol Corporation, Radiall, Safran, Sasmos, Latecoere, W. L. Gore & Associates, Inc, Co-Operative Industries Aerospace & Defense among others are some of the players in the market.
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Companies Covered | 15 |
Pages | 294 |
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