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Research And Markets, an international market research institution, recently released a report that by 2026, the global electrical line interconnection system market will reach 9.
72 billion US dollars, with a compound annual growth rate of 6.
9%.
The emergence of new aircraft manufacturers in developing economies, upgrading of existing aircraft, and growing demand for more electric aircraft are some of the factors driving the growth of the
market.
However, factors such as stringent regulatory norms, lack of proper aviation infrastructure, and backlog of existing aircraft are hampering the market growth
.
An electrical line interconnection system (EWIS) is a wiring device, wire, or a combination of these devices installed in an aircraft, and a terminal device used to transmit electrical energy, including data and signals
between two or more intended end points.
On an end-user basis, the original equipment manufacturer (OEM) segment is likely to grow
steadily during the expected period due to increased aircraft deliveries in emerging economies such as China and India.
Based on geography, the North American electrical wiring interconnection market is likely to witness considerable growth
during the forecast period.
The growth in the region is due to the increased
supply of aircraft for military and commercial applications.
Research And Markets, an international market research institution, recently released a report that by 2026, the global electrical line interconnection system market will reach 9.
72 billion US dollars, with a compound annual growth rate of 6.
9%.
The emergence of new aircraft manufacturers in developing economies, upgrading of existing aircraft, and growing demand for more electric aircraft are some of the factors driving the growth of the
market.
However, factors such as stringent regulatory norms, lack of proper aviation infrastructure, and backlog of existing aircraft are hampering the market growth
.
An electrical line interconnection system (EWIS) is a wiring device, wire, or a combination of these devices installed in an aircraft, and a terminal device used to transmit electrical energy, including data and signals
between two or more intended end points.
On an end-user basis, the original equipment manufacturer (OEM) segment is likely to grow
steadily during the expected period due to increased aircraft deliveries in emerging economies such as China and India.
Based on geography, the North American electrical wiring interconnection market is likely to witness considerable growth
during the forecast period.
The growth in the region is due to the increased
supply of aircraft for military and commercial applications.
