Thursday, November 12th, 2020 - The Insight Partners

According to the new research report titled “Aerospace & Defense Power Connector Market Forecast to 2027 – COVID-19 Impact and Analysis,” published by The Insight Partners, the global Aerospace & Defense Power Connector market is expected to reach US $ 1737.8 million by 2027, registering a CAGR of 5.3% during 2020–2027, the forecast period considered in the report. The scope of study involves understanding the factors contributing to the growth of the Aerospace & Defense Power Connector market; it also includes estimation and forecast of the revenues as well as market size analysis, along with spotting significant market players and their key developments.

Key Players mentioned in this Study are - AMETEK. Inc., Amphenol Corporation, Arrow Electronics, Inc., Collins Aerospace (Raytheon Technologies Corporation), Eaton Corporation plc, Fischer Connectors SA, ITT Corporation, Molex, LLC, Radiall, TE Connectivity

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Strategic Insights

The players in the aerospace & defense power connector market focus on strategies such as mergers, acquisitions, and new product launches to maintain their positions in the market. A few developments by key players are listed below:

In 2020, AMETEK announced the significant expansion of its significant hermetic connector production capability, thereby reducing the lead time by around 35% for products that have been in short supply for over a year. The company has also increased equipment, Facilities, and personnel at their Ohio and California sites. 

In 2019, Amphenol Aerospace partnered with Samtec to design and develop the new Centaur High-Speed Cable Assembly, which makes use of both the advantages of the broad portfolio of mil-spec connectors as well as the latest in high-speed contact and connector technology of Amphenol, and the ExaMAX high-speed backplane system of Samtec for offering durable, fully tested high-bandwidth connections that are ideal for use in aerospace, military, and other ruggedized applications.

Impact of COVID-19 Pandemic on Aerospace & Defense Power Connector Market

The recent COVID-19 outbreak has significantly affected the world, and it has continued to shatter several countries. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft manufacturers. Moreover, the global aviation industry witnessed a significant rise in the number of passenger counts, an increase in aircraft procurement, as well as rise in MRO activities. Further, the aircraft production industry is heavily dependent on manual workforce despite robotic technology. In the wake of strong lockdown regulations imposed by several countries, the aircraft manufacturing industries in different countries are compelled to allow a significantly low number of labors in respective aircraft and component manufacturing facilities, which has hampered the production volumes.

Growing Production Rate of Commercial Aircraft Fuels Growth of Aerospace & Defense Power Connector Market

The commercial aircraft industry has risen modestly in the past few years with various operators in it developing, manufacturing, overhauling, and rebuilding helicopters, airplanes, and aircraft engines, along with several other components and subsystems for the commercial sector. The rising air travel in developing markets and infrastructure developments, and increasing production of commercial aircraft are the factors that are likely to continue to raise the Demand for commercial aircraft components in the coming years. The biggest giants in the aerospace industry, such as Boeing and Airbus, are highly indulged in producing commercial aircraft. The growing commercial aircraft production adds to the demand for equipment such as avionics systems as well as engine control and monitoring systems that operate at peak efficiency. In these equipment, power connectors play a crucial role as they are used to connect engine control units with the cables of the commercial aircraft electrical system, where they ensure the consistent transmission of electric signals and power. Thus, the growing production rate of commercial aircraft and upcoming variants of existing aircraft is escalating the demand for power connectors.

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The Insight Partners

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Sameer Joshi
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Aerospace & Defense Power Connector Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Current Rating (5–40 Amp, >40–80 Amp, >80–150 Amp, >150–300 Amp, >300–600 Amp, >600–900 Amp); Connector Shape (Rectangular and Circular); Application (Aer




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