Electrical Wiring Interconnection System (EWIS) Market worth $6.8 billion by 2023

This report provides an analysis of the EWIS market from 2018 to 2023. It discusses industry and technological trends prevailing in this market and analyzes factors that drive or restrain the growth of the market during the forecast period. This 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% during the forecast period. The need to upgrade existing aircraft fleet technology and an increase in aircraft deliveries are factors expected to drive the market.

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Based on end user, the EWIS market is segmented into OEM and Aftermarket. The OEM segment is expected 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 of the EWIS market. 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.

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.

Based on aviation type, the EWIS market is segmented into commercial aviation, military aviation, and business and general aviation. The commercial aviation segment is expected to lead the EWIS market from 2018 to 2023. The increasing demand for new aircraft in the Asia Pacific and the Middle East region will lead to the installation of EWIS in aircraft; this will eventually drive the growth of key players in commercial segment of the EWIS market across the globe.

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The major players in the EWIS market include Safran (France), GKN Aerospace (UK), Latécoère (France), TE Connectivity (Switzerland), Ducommun (US), and Amphenol Corporation (US), among others. The recent developments section of the report includes information on new products launched by various leading players of the market and contracts received by them between March 2014 and October 2018.

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