Aviation Connectors Market Hurt by Closure of Aircraft Manufacturing Activities During Covid19
Aviation connectors market leaders are anticipated to seek strategic long-term contracts with military end users to sustain production and sales through the pandemic.
"Aerospace projects are creating demand for lightweight, high-speed, and durable connectors. Fiber optic connectors are rapidly gaining ground for applications in the harsh environments. These products are gaining popularity in military applications, driven by ruggedness characteristics. These factors will help market developments during the pandemic," says the FACT.MR study.
Aviation Connectors Market- Key Takeaways
• Fiber optic aviation connectors remain highly popular, driven by faster data transmission requirements and compatibility with new communication tech.
• RF connectors are gaining demand owing to communication requirements between pilots and air traffic control.
• Circular aviation connectors are highly popular owing to use in electronics, computers, and aircraft communication systems.
• Commercial aircraft applications contribute significantly to revenue, driven by upgradation of fleets.
• North America is a dominant market for aviation connectors owing to the presence of major aerospace manufacturers.
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Aviation Connectors Market- Driving Factors
• Growing demand for aircraft and innovations in advanced avionics systems will drive market growth.
• Demand for durable, vibration-free connectors will support market developments.
• Rising interest in safety in aviation and developments in infotainment systems bolster the demand for aviation connectors.
• Rising investments in defense aircraft technologies will support market developments.
Aviation Connectors Market- Key Restraints
• Security challenges in terms of architectural design hampers the global aviation connectors market.
• Limitations in data processing capabilities remain a challenge for aviation connectors in military applications.
The covid-19 pandemic has had a severe impact on the global aviation industry, owing to international travel bans and slump in passenger pax. The pandemic has also forced a temporary suspension of aerospace manufacturing activities. These factors will have an adverse impact on market growth in the near future. However, the economic and military importance of aviation will enable a steady recovery of the aviation connectors market post pandemic.
Aviation connectors market participants are investing in product innovation and launches to keep ahead of the competition, in addition to contracts with aerospace OEMs. For example, INGENIO Aerospace has won a contract from Dassault falcon jet components and services.