Electrical Wiring Interconnection System Market Worth $6.8 Billion by 2023 - Exclusive Report by MarketsandMarkets™

CHICAGO, December 6, 2018 /PRNewswire/ --

According to the new research report "EWIS Market by End User (OEM, Aftermarket), Aviation Type (Commercial Aviation, Military Aviation, Business and General Aviation), Application (Avionics, Interiors, Propulsion, Airframe), Component, Region - Global Forecast to 2023", published by MarketsandMarkets™, the Electrical Wiring Interconnection System (EWIS) market is projected to grow from USD 5.4 billion in 2018 to USD 6.8 billion by 2023, at a CAGR of 4.66% from 2018 to 2023. Factors such as increasing demand for more electric aircraft and aircraft deliveries are factors expected to drive the market. Growth in passenger traffic and upgradation of existing aircraft fleet technology are expected to drive the growth of the market across the globe.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Electrical Wiring Interconnection System Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=231769036

Based on end user, the OEM segment is estimated to lead the EWIS market in 2018. 

Based on end user, the EWIS market is segmented into OEM and Aftermarket. The OEM segment is estimated to lead the market in 2018. The increase in aircraft deliveries in emerging economies such as China and India are expected to drive the growth of the OEM segment. Moreover, the use of electrically-driven components in new aircraft is also leading to the growth of this segment as modern technologies used in aircraft require a lot of electrical connections.

The interiors segment of the EWIS market is projected to grow at the highest CAGR from 2018 to 2023. 

Based on application, the EWIS market is segmented into propulsion, airframe, interiors, avionics, and others. The interiors segment of the EWIS market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to enhancing passenger travel experience and upgradation of the existing aircraft with new IFE systems.

Browse in-depth TOC on "Electrical Wiring Interconnection System Market"

173 - Tables  

38 - Figures  

189 - Pages  

The North America EWIS market is projected to grow at the highest CAGR during the forecast period. 

Increasing SLAM adoption for automation, coupled with expanding applications of UAVs, has led the path for the market's growth in the region. The reason for the dominance of the US in North America is its well-established economy, which allows for investments in new technologies.

Ask for PDF @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231769036

The North America EWIS market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the North America EWIS market can be attributed to the increased aircraft deliveries in both commercial as well as military applications. The growing demand for passenger aircraft from emerging countries such as China and India is one of the factors contributing to the growth of the EWIS market. The rise in the procurement of new military aircraft and helicopters across the globe is also fueling the growth of the market.

Key players in the EWIS market include Safran (France), GKN Aerospace (UK), and Latecoere (France), TE Connectivity (Switzerland), Ducommun (US), and Amphenol Corporation (US).

Please Explore Relevant Reports: 

Aircraft Wire and Cable Market by Type (Harness, Wire, Cable), Application (Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting), Fit (Linefit, Retrofit), Aircraft Type (Civil, Military), and Region - Global Forecast to 2022
Aviation Connectors Market by Application (Landing Gear, Engine Control System, Avionics, Cabin Equipment, Others), Type (PCB, High Power, High Speed, RF Connectors, Fiber Optics), Shape (Circular, Rectangular), & Region - Global Forecast to 2022

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electrical-wiring-interconnection-system-market.asp

Visit Our Web Site: https://www.marketsandmarkets.com