Global EWIS Market Size, Share, and COVID-19 Impact Analysis, By Type (Commercial Aviation, Military Aviation, Business & General Aviation), By Application (Avionics, Interiors, Propulsion, Airframe), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Aerospace & DefenseGlobal EWIS Market Insights Forecasts to 2033
- The Global EWIS Market Size was Valued at USD 7.34 Billion in 2023
- The Market Size is Growing at a CAGR of 6.54% from 2023 to 2033
- The Worldwide EWIS Market Size is Expected to Reach USD 13.83 Billion by 2033
- Europe is Expected to Grow the fastest during the forecast period.
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The EWIS Market Size is Anticipated to Exceed USD 13.83 Billion by 2033, Growing at a CAGR of 6.54% from 2023 to 2033.
Market Overview
The term "electrical wiring interconnection system" (EWIS) refers to the wiring system of an aircraft, which includes all wiring harnesses, wires, wiring devices, bundle clamps, and splices. EWIS is installed in any area of the aircraft and is used to transmit electrical energy, which also includes various types of signals and data between two or more intended termination points. Currently, the electrical wiring interconnection system (EWIS) is required by a number of aviation regulatory authorities, including the Joint Aviation Authorities (JAA) and FAR. The growing interest in electric aircraft presents a huge opportunity for the electrical wiring interconnection systems (EWIS) sector. The adoption of electric propulsion systems demands the employment of specialized wiring solutions capable of handling high-voltage electrical components. Additionally, manufacturers who provide reliable, innovative, and lightweight EWIS especially made for electric aircraft stand to benefit from this emerging market niche. A growing number of industries globally, such as aviation, defense, power generation, and petrochemicals, are modernizing at a rapid pace, necessitating modifications and upgrades towards new technologies that are more efficient and affordable than traditional methods. Consequently, the global market for electrical wiring interconnection systems (EWIS) is expected to grow at a compound annual growth rate (CAGR) due to the rising demand for aircraft.
Report Coverage
This research report categorizes the market for the EWIS market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the EWIS market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the EWIS market.
Global EWIS Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023 : | USD 7.34 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.54% |
2033 Value Projection: | USD 13.83 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 112 |
Segments covered: | By Type, By Application, By Region |
Companies covered:: | Safran, GKN Aerospace, Latecoere, TE Connectivity, Esterline, Ducommun, Co-Operative Industries Aerospace & Defense, Elektro Metall Export, InterConnect Wiring, Amphenol Corporation, Amphenol, and Others Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact,Challenges, Future, Growth, & Analysis |
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Driving Factors
A major market driver is the requirement for EWIS that guarantees optimal performance while assisting in weight loss. The aviation industry is making a greater effort to create lightweight, fuel-efficient aircraft in order to reduce operating costs and meet environmental sustainability targets. Additionally, wiring systems, as a crucial component, must be in line with the use of lightweight materials and streamlined designs.
Restraining Factors
Manufacturers and operators of aero planes may encounter financial constraints that prevent the broad implementation of sophisticated wiring systems. Even if there may be long-term benefits, the upfront expense might be a significant barrier, especially for smaller enterprises and those with fewer resources.
Market Segmentation
The EWIS market share is classified into type and application.
- The commercial aviation segment is expected to hold the largest share of the EWIS market during the forecast period.
Based on the type, the EWIS market is categorized into commercial aviation, military aviation, and business & general aviation. Among these, the commercial aviation segment is expected to hold the largest share of the EWIS market during the forecast period. To transfer electrical power, signals, and data across different systems in commercial aircraft, an electrical wiring interconnection system, or EWIS, is employed. It makes cabin power, communication, and navigation easier. EWIS is utilized in passenger address systems, emergency lighting systems, and power distribution panels (PDP) in civil aviation. In fighter jets and bombers, EWIS monitors important flight data including fuel levels, engine performance, etc., supporting pilots in making essential decisions in emergencies.
- The propulsion segment is expected to grow at the fastest CAGR during the forecast period.
Based on the application, the EWIS market is categorized into avionics, interiors, propulsion, and airframe. Among these, the propulsion segment is expected to grow at the fastest CAGR during the forecast period. The propulsion application segment's wiring and cabling systems guarantee the delivery of power, data, and control signals to engines, including jet engines in commercial and military aircraft. EWIS components utilized in this segment are essential for the safe and effective operation of an aircraft's engines.
Regional Segment Analysis of the Global EWIS Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is projected to hold the largest share of the EWIS market over the forecast period.
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North America is projected to hold the largest share of the EWIS market over the forecast period. The region's dominance is attributed to a number of factors, including the existence of major aerospace manufacturers, a well-established aviation industry, and a consistent need for cutting-edge aircraft technologies. The United States, which is home to significant aerospace players, is setting the standard for EWIS innovation and technological developments. North America's substantial market position in the EWIS segment is further increased by the region's focus on modernizing and updating its present fleets of aircraft and ongoing improvements in electric and hybrid-electric propulsion systems.
Europe is expected to grow at the fastest CAGR growth of the EWIS market during the forecast period. The European aviation sector's focus on sustainability, together with ongoing projects pertaining to electric aviation and modernization programmers, is responsible for the significant expansion of the EWIS industry in Europe. Furthermore, because of its commitment to environmental and safety laws, research and development, and rigorous adherence to rules, Europe is well-positioned to play a major role in the expanding market for complex electrical wiring systems.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the EWIS market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Safran
- GKN Aerospace
- Latecoere
- TE Connectivity
- Esterline
- Ducommun
- Co-Operative Industries Aerospace & Defense
- Elektro Metall Export
- InterConnect Wiring
- Amphenol Corporation
- Amphenol
- Others
Key Market Developments
- In March 2023, Latécoère and Bombardier signed a formal contract. Latécoère will buy Bombardier's electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico, as per this agreement. The two companies also worked out a long-term supply agreement whereby Latécoère will supply electrical wire connecting solutions to Bombardier.
- In November 2023, the whole electrical wiring interconnection system (EWIS) architecture for Boom Supersonic's Overture supersonic commercial jet and Symphony engine, which will power the plane, was to be designed by a company based in Denver. At Toulouse, France's Latecoere, their solution was found. Boom engineers and Latecomer’s technical team in Toulouse will work together to develop the full electrical wiring interconnection system (EWIS) design as part of the partnership.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global EWIS market based on the below-mentioned segments:
Global EWIS Market, By Type
- Commercial Aviation
- Military Aviation
- Business & General Aviation
Global EWIS Market, By Application
- Avionics
- Interiors
- Propulsion
- Airframe
Global EWIS Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1.What is the CAGR of the global EWIS market over the forecast period?The Global EWIS Market Size is Expected to Grow from USD 7.34 Billion in 2023 to USD 13.83 Billion by 2033, at a CAGR of 6.54% during the forecast period 2023-2033.
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2.Which region is expected to hold the highest share in the global EWIS market?North America is projected to hold the largest share of the EWIS market over the forecast period.
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3.Who are the top key players in the EWIS market?Safran, GKN Aerospace, Latecoere, TE Connectivity, Esterline, Ducommun, Co-Operative Industries Aerospace & Defense, Elektro Metall Export, InterConnect Wiring, Amphenol Corporation, Amphenol, and Others.
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