Aerospace & Defense Connectors to See Healthy Growth till 2022, Predicts Stratview Research in Its Topical Report Available at MarketPublishers.com27 Jul 2017 • by Natalie Aster
LONDON – In the upcoming 5 years, the worldwide market for aerospace and defense connectors is poised to gain traction at a healthy CAGR of slightly over 5%. By late 2022, the market value is projected to go beyond USD 1.71 billion.
The major forces driving growth in the aerospace and defense connectors marketplace comprise remarkable advancements in the connectors technologies, strong demand for advanced avionic systems, increasing production of regional and commercial aircraft, expanding world aircraft fleet, existing need for lower MRO cost, and also upcoming launches of new aircraft and introduction of novel variants of the existing aircraft.
Basing on aircraft type, the wide-body and narrow-body aircraft are considered to be the major growth propellers of the world’s market for aerospace and defense connectors. Meantime, the wide-body aircraft sector is anticipated to exhibit he highest CAGR through 2022, propelled primarily by the escalating demand from the APAC and Middle East regions.
North America will likely remain the biggest regional market for aerospace and defense connectors during 2017-2022. This region is recognised as the manufacturing hub of the overall aerospace and defense connectors industry with the presence of a range of small and large OEMs, connector manufacturers and tier players. Meantime, the APAC regional market is projected to enjoy the highest growth rates in the offing.
The topical research report “Global Aerospace & Defense Connectors Market by Aircraft Type, by Application Type, by Product Type, by Shape Type, by Sales Channel Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022” worked out by Stratview Researh offers a close look at the current situation in the world’s market as well as presents insights into its historical development. Besides, this study highlights the market dynamics and major growth influencing forces, discusses the prevailing and emerging trends, investigates the scenario across the main regional markets and also delves into the competitive landscape. In addition, valuable info on the major growth opportunities and threats as well as detailed future forecasts through 2022 are at hand in this publication.
A full collection of the publisher’s research reports is provided in the Stratview Research catalogue at MarketPublishers.com.