Cable Show 2024 Insights: Aircraft Engine Wiring Harness and Cable Assembly Market to Increase by $233.38 Million
From 2023 to 2028, the aircraft engine wiring harness and cable assembly market is expected to grow by $233.38 million. Cable Show 2024 has noted that the market's growth momentum will develop at a compound annual growth rate (CAGR) of 5.07%, primarily driven by the increased demand for commercial aircraft.
With the rise of new-generation aircraft, the demand for engine electrical harnesses and cable assemblies is also increasing. Commercial aircraft original equipment manufacturers (OEMs) are engaged in developing new-generation aircraft that are more fuel-efficient, quieter, and environmentally friendly, all of which contribute to increased demand.
Cable Show 2024 learned that the growth in the turbofan engine segment is significant.
The turbofan section represents the modern version of the aircraft turbine engine used in high-speed airliners. Additionally, turbofan engines have incorporated lightweight components, which exhibit superior performance in terms of fuel consumption and CO2 emissions. Moreover, some engine OEMs are proactively adopting composite materials for electrical harnesses and related components in their engine models.
Operators are increasingly demanding aircraft procurement. Manufacturers and component suppliers are also seeking innovative methods to enhance efficiency, with companies like Boeing using smart glasses to boost work efficiency.
Currently, the main market development trend is the use of smart glasses to assist in the engine harness and cable assembly process, with multiple factors jointly driving market growth.
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