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According to a research report released by Markets and Markets, the global electrical interconnection system (EWIS) market is expected to grow from $5.
4 billion in 2018 to $6.
8 billion by 2023, with a CAGR of 4.
66%
during the period.
Increasing demand for more electric aircraft and aircraft deliveries are the major factors driving the steady growth of
the market.
At the same time, the growth in passenger traffic and the upgrading of the technology of the existing aircraft fleet are expected to drive the growth of
the global market.
Based on end-user, the EWIS market is segmented into OEM and aftermarket
.
The OEM segment is expected to lead the global market
in 2018.
Among them, the growth of aircraft deliveries in emerging economies such as China and India will drive the growth
of this segment of OEMs.
In addition, since modern technology used in aircraft requires a lot of electrical connections, the use of electric drive components in new aircraft will also stimulate the growth
of this segment.
Based on application, the EWIS market is segmented into thrusters, airframes, interiors, avionics, and others
.
Among them, the interior segment is expected to grow
at the highest CAGR during the forecast period.
The growth of this segment can be attributed to the enhancement of the passenger travel experience and the upgrading of existing aircraft
through the new IFE system.
From the perspective of the regional market, the North American EWIS market is expected to grow
at the highest CAGR from 2018 to 2023.
The growth of the EWIS market in North America can be attributed to the increase
in aircraft deliveries in commercial and military applications.
The growing demand for airliners from emerging countries such as China and India is one of the factors driving the growth of
the EWIS market.
In addition, increasing global procurement of new military aircraft and helicopters is also driving the growth of the market
.
During the forecast period, the major vendors in the global EWIS market include Safran (France), GKN Aerospace (UK), Latecoere (France), TE Con?? nectivity (Switzerland), Ducommun (USA) and Amphenol Corporation (USA).
According to a research report released by Markets and Markets, the global electrical interconnection system (EWIS) market is expected to grow from $5.
4 billion in 2018 to $6.
8 billion by 2023, with a CAGR of 4.
66%
during the period.
Increasing demand for more electric aircraft and aircraft deliveries are the major factors driving the steady growth of
the market.
At the same time, the growth in passenger traffic and the upgrading of the technology of the existing aircraft fleet are expected to drive the growth of
the global market.
Based on end-user, the EWIS market is segmented into OEM and aftermarket
.
The OEM segment is expected to lead the global market
in 2018.
Among them, the growth of aircraft deliveries in emerging economies such as China and India will drive the growth
of this segment of OEMs.
In addition, since modern technology used in aircraft requires a lot of electrical connections, the use of electric drive components in new aircraft will also stimulate the growth
of this segment.
Based on application, the EWIS market is segmented into thrusters, airframes, interiors, avionics, and others
.
Among them, the interior segment is expected to grow
at the highest CAGR during the forecast period.
The growth of this segment can be attributed to the enhancement of the passenger travel experience and the upgrading of existing aircraft
through the new IFE system.
From the perspective of the regional market, the North American EWIS market is expected to grow
at the highest CAGR from 2018 to 2023.
The growth of the EWIS market in North America can be attributed to the increase
in aircraft deliveries in commercial and military applications.
The growing demand for airliners from emerging countries such as China and India is one of the factors driving the growth of
the EWIS market.
In addition, increasing global procurement of new military aircraft and helicopters is also driving the growth of the market
.
During the forecast period, the major vendors in the global EWIS market include Safran (France), GKN Aerospace (UK), Latecoere (France), TE Con?? nectivity (Switzerland), Ducommun (USA) and Amphenol Corporation (USA).
