Aviation Connector Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Demand for High-performance Aircrafts Incites Product Advancements in Aviation Connector Market

The aviation connector market is primarily driven by commercial end-use. Proliferation of budget air travelling in developing countries such as India, and Indonesia creates a need for additional aircrafts, and airbuses. As aviation connectors play an important role in the functioning of aircrafts, airbuses, and advanced air-force jets, manufacturers will witness continued growth during the forecast period (2020 - 2030). The global aviation connector market will grow 1.6X through 2030. Increasing government investments in upgrading end-of-life air force fleets present high-growth opportunities.

Major players leverage advancements in material conductivity, and durability to differentiate product offerings and capture market share. Premiumization of air tickets based on inflight entertainment (IFE) services also contributes to growth. As commercial airlines are introducing premium features such as electronic seats, video-streaming, personal cabins, the demand for aviation connectors to ensure seamless functioning will increase. Further, surging need to differentiate organizational positioning based on enhanced flight controls, and safety features will continue to drive the need for aviation connectors during the projection period.

Fiber Optic Connectors Garner Maximum Revenue

Tech-driven advancements in air traffic control, and high-altitude communications are increasing energy and cost efficiency of air travelling. To support the transmission from conventional technologies, it is imperative to use fiber optic connectors in parts and components. Prevalence of fiber-to-the-x (FTTx) loops to establish faster data transfer channels that support the latest technology will continue to drive the demand for fiber optic aviation connector products.

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The world in general is witnessing an exponential increase in air travelling. Hence, to match the demand, aircraft manufacturers are increasing production capacities. The focus is on high speed communication, enhanced safety, and increasing passenger capacity. This generates an emerging demand for high speed aviation connectors. On the other hand, air traffic control is facing an urgent need for high-speed communication between pilots and area control centers. On this favorable backdrop, high-speed connectors is the highest growth product type with an impressive 6.5% CAGR through 2030. Superior data transmission speed offered by this product type is central to the segment’s growth during the forecast period.

Commercial Applications Present Remunerative Opportunities

Commercial applications of aviation connectors is a leading end-use segment with more than 55% share of the total market value. Proliferation of air transport amid increasing globalization supported by emerging digital economies drive the demand from the end-use segment. The increase in consumer adoption raises the quality standards of air travel and furthers the demand for aviation connectors for renovation of existing aircrafts and addition of new passenger carriers.

Today’s disruptive business environment has caused a significant shift in wealth distribution across countries. Successful entrepreneurs are purchasing business jets at a rapid rate for various reasons such as employee travelling, personal travelling, and client servicing. This makes the business jets end-use segment the highest growth application of aviation connectors. The segment exhibits a strong growth trajectory with 6.3% CAGR between 2030 and 2030.

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North America & Europe Collectively Capture 39% Market Share

Developed countries in North America & Europe such as the US, the UK, Germany, France, and Canada are pushing the boundaries of air travel. From advanced communication systems to increasing fuel efficiency, aircraft manufacturers and airline authorities are introducing enhancements frequently. This can be understood as an increase in demand for aviation connector products in these regions as the need for energy efficient and high-speed transmission directly increases the need for aviation connectors.

Collectively, North America and Europe account for more than 39% share of total market revenues. Both of these regions will grow in a steady fashion with over 4% CAGR each, through 2030. Financially rewarding opportunities are also offered by Asia Pacific regions such as East Asia and South Asia & Oceania. Uptake of air travelling supported by an increase in disposable income of the average Asian consumer bolsters growth in these regions.

COVID-19 Impact on Aviation Connector Market

Unforeseen effects of coronavirus on the global economy present a tough challenge for all markets. Particularly for aviation connector manufacturers, the abrupt halt in international and domestic air travelling has significantly decreased growth prospects. Orders of new aircrafts, and appointments of connector upgrades have been postponed indefinitely. Major players in the market are facing difficult decisions in the first financial quarter of 2020. Budget cuts, loss of production capacity, and a disrupted supply chain are few of the tough situations that they must deal with.

As manufacturing and logistics operations are not permissible, companies are witnessing record low cash flows. Consumer adoption of preventive measures such as social distancing will continue to indirectly impact the demand for aviation connectors during normalization post pandemic. As the sales of air tickets will fall, so will the demand for aviation connectors to support addition and up-gradation of aviation fleets. Market players are planning ahead for financial recovery. Low COVID-19 impact regions are a popular target for aviation connector manufacturers.

Analyst’s Comment

Growing consumer demand for in-flight entertainment increases the demand for high bandwidth copper and fiber optic connectors. Vendors in the aviation connector market are launching advanced products such as ultra-thin, ultra-narrow connectors to cater to the high demand for lightweight connectors to support features such as in-flight entertainment and enhanced safety measures.

Global Aviation Connector Market - Scope of the report

This global aviation connector market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global aviation connector market. A detailed segmental analysis, based on product type, shape, and end-user, has been elaborated in the report.

Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global aviation connector market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the blood aviation connector market.