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Global Industry Analysts, an international industry analyst, recently released that the compound annual growth rate of the global aviation cable market will reach 4.
8%
from 2021 to 2026.
From the perspective of major countries and regions, China, the world's second largest economy, is expected to achieve a compound annual growth rate of 7.
3% during the forecast period, leading the global market
with the highest compound annual growth rate.
Fast-growing Latin America will grow
at a CAGR of 5.
5% throughout the forecast period.
Canada will grow at a CAGR of 4.
3%, followed by 2.
6% in Japan and 2.
9%
in Europe.
Other regions, such as Asia Pacific (excluding China), led by countries such as Australia, India and South Korea, also showed steady growth in demand growth
.
In terms of driving forces, the report believes that the growing global demand for new aircraft production has contributed to the growth of
the aviation cable market.
On the other hand, the COVID-19 pandemic impact on mobility will continue to have a significant negative impact
on the market in the short term.
Global Industry Analysts, an international industry analyst, recently released that the compound annual growth rate of the global aviation cable market will reach 4.
8%
from 2021 to 2026.
From the perspective of major countries and regions, China, the world's second largest economy, is expected to achieve a compound annual growth rate of 7.
3% during the forecast period, leading the global market
with the highest compound annual growth rate.
Fast-growing Latin America will grow
at a CAGR of 5.
5% throughout the forecast period.
Canada will grow at a CAGR of 4.
3%, followed by 2.
6% in Japan and 2.
9%
in Europe.
Other regions, such as Asia Pacific (excluding China), led by countries such as Australia, India and South Korea, also showed steady growth in demand growth
.
In terms of driving forces, the report believes that the growing global demand for new aircraft production has contributed to the growth of
the aviation cable market.
On the other hand, the COVID-19 pandemic impact on mobility will continue to have a significant negative impact
on the market in the short term.
