Electrical Wiring Interconnection System (EWIS) Market Research Report Information By Type (Commercial Aviation and Military Aviation), By Application (Avionics, Interiors, Propulsion, Airframe and Others) By End User, (OEM and Aftermarket), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) –Market Forecast Till 2032
Market Overview
The Electrical Wiring Interconnection System (EWIS) market is expected to increase from USD 7,868.7 million in 2024 to USD 11,829.1 million by 2032, with a compound yearly growth rate (CAGR) of 5.2% over the forecast period (2024-2032).
The Electrical Wiring Interconnection System (EWIS) refers to the wiring and components of a complicated system, such as an aircraft. EWIS refers to wires, cables, harnesses, connections, terminals, attachments, and other electrical devices that are part of a system, rather than a collection of individual components. EWIS physically controls the aircraft’s brain by relaying data on altitude, attitude, flying speed, and other sensor information to the pilots.
The Electrical Wiring Interconnection System market is driven by the rising aerospace and defense sectors. Rising demand for commercial and military aircraft, combined with increased investments in the development and enhancement of defensive capabilities, has driven an ever-increasing demand for modern EWIS solutions. EWIS is the foundation for linking, integrating, and managing complex electrical and electronic systems in aircraft and defense platforms. With the advancement of the aerospace and defense industries, there is an increasing demand for more efficient, dependable, and lightweight EWIS components and technology.
Market Segment insights
The Electrical Wiring Interconnection System (EWIS) market is divided into two segments based on type: commercial aviation and military aviation.
The Electrical Wiring Interconnection System (EWIS) Market is divided into five applications: avionics, interiors, propulsion, airframe, and others.
The Electrical Wiring Interconnection System (EWIS) Market is divided into two segments based on end user: OEM and Aftermarket.
Regional insights
The study covers North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Asia-Pacific is expected to dominate the Electrical Wiring Interconnection System (EWIS) market in 2023, with the greatest CAGR throughout the forecast period.
Asia-Pacific had the largest market share of 40.5% in the Electrical Wiring Interconnection System (EWIS) market in 2023, while North America’s market was valued at USD 3,026.9 million in 2023 and is expected to rise at a CAGR of 5.0% to USD 4,686.7 million in 2032.
The North American area has strict restrictions for the aviation industry and EWIS. The United States helps to establish a strong defense system to secure its borders from external threats.
The ongoing development of new technology and regulations is what drives the continuous upgrading of EWIS design, installation, and maintenance in Europe’s aviation industry. The European Aviation Safety Agency (EASA) establishes laws and guidance for EWIS under the European Union Aviation Safety laws.
Major Players
Key market suppliers include Safran, GKN Aerospace Services Limited, Latecoere, Ducommun Incorporated, TE Connectivity, Amphenol Corporation, Elektro-Metall Export, Raytheon Technologies Corporation, Eaton Corporation, InterConnect Wiring, Radiall, and PIC Wire & Cable.