India Cable and Wire For Aerospace and Defense Market

India Cable and Wire For Aerospace and Defense Market Outlook – 2031

The India cable and wire for aerospace and defense market was valued at $1.87 billion in 2021, and is projected to reach $2.87 billion by 2031, registering a CAGR of 4.62% from 2022 to 2031.

The outbreak of COVID-19 has significantly impacted the growth of the India cable and wire for aerospace and defense solution in 2021, owing to significant impact on prime players operating in the supply chain. However, rise in investment in military and aerospace expenditure in India is acting as one of the major factors that propels the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as lack of skilled workforce availability and delay or cancellation of projects due to partial or complete lock down, globally. Furthermore, surge in demand for smart infrastructure solution in aerospace and defense sector in India is strengthen the cable and wire for aerospace and defense market in Indian post COVID-19.

Wire and cable in aerospace and defense sector in designed to transmit signals and electricity. Further, Cable and wire in aerospace and defense sector are made of cutting-edge technology to ensure the products production function at the highest level. Military & defense wire and cables are segmented into coaxial cable, fiber optic cable, power cable, shipboard cable, multi-conductor cable, shielded cable, and others. Moreover, the demand for marine cables in shipbuilding is increasing as the demand for low weight and high efficiency grows. Ship cables must be installed in tight spaces, requiring maximum cable flexibility.

The India cable and wire for aerospace and defense market share is expected to witness notable growth during the forecast period, owing to digitalization and electrification of aerospace and defense systems. Furthermore, rising military expenditure has driven the India cable and wire for Aerospace and Defense market growth. Moreover, development of innovative aircraft solutions is expected to propel the India cable and wire for aerospace and defense market growth during the forecast period.

However, high development and maintenance costs of infrastructure to support satellite wiring and assemblies is one of the prime factors that restrain the India cable and wire for aerospace and defense market outlook. On the contrary, rise in government investment in defense and space agencies is expected to provide lucrative opportunities for the growth of India cable and wire for aerospace and defense market during the forecast period.

The outbreak of COVID-19 has significantly impacted the growth of the India cable and wire for aerospace and defense solution in 2021, owing to significant impact on prime players operating in the supply chain. However, rise in investment in military and aerospace expenditure in India is acting as one of the major factors that propels the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown. Furthermore, surge in demand for smart infrastructure solution in aerospace and defense sector in India is strengthen the cable and wire for aerospace and defense market in Indian post COVID-19.

Segment Overview

The India cable and wire for aerospace and defense market is segmented into type, voltage, and application. On the basis of type, the market is divided into cable and wire. The cable segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. The cable segment is further divided into coaxial cable, power cable, shipboard cable, and others.

By voltage, the market is segmented into low voltage, medium voltage, high voltage, and extra high voltage. The high voltage segment dominated the market in 2020, and the medium voltage segment is expected to dominate the market during the forecast period. Based on application, the market is bifurcated into communication systems, navigation systems, military ground equipment, power distribution, and others. The power distribution segment acquired the largest share in 2021, and is expected to grow at a high CAGR from 2022 to 2031.

Top Impacting Factors

Significant factors that impact the growth of the India cable and wire for aerospace and defense industry include rising in military expenditure coupled with digitalization and electrification of aerospace and defence systems. Moreover, development of innovative aircraft solutions is expected to drive the market opportunity. However, high development and maintenance costs of infrastructure to support satellite wiring and assemblies is acting as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, rise in government investment in defense and space agencies is expected to offer potential growth opportunity for the India cable and wire for aerospace and defense market during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major India cable and wire for aerospace and defense market players that have been provided in the report include, such as Amphenol Corporation, Apar Industries Ltd., Carlisle Interconnect Technologies, Collins Aerospace, Miracle Electronics Devices Pvt Ltd., Nexans SA. Radiant Cables, Sumitomo Electric Industries, Thermo Cables Limited, TE Connectivity Ltd. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Key Benefits For Stakeholders

• This study comprises analytical depiction of the India cable and wire for aerospace and defense market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall India cable and wire for aerospace and defense market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current India cable and wire for aerospace and defense market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
• The report includes the market share of key vendors and India cable and wire for aerospace and defense market trends.

 India Cable and Wire For Aerospace and Defense Market Report Highlights