The strategy of contracts was adopted by the market players to achieve growth in the Electrical Wiring and Interconnection Systems (EWIS) Market
The EWIS market is projected to grow from USD 5.4 billion in 2018 to USD 6.8 billion by 2023, at a CAGR of 4.66% from 2018 to 2023. Increasing aircraft deliveries and passenger traffic are driving the growth of the EWIS market.
Key players operating in the EWIS market are Safran (France), GKN Aerospace (UK), and Latecoere (France). These companies have their manufacturing facilities in North America, Europe, and Asia Pacific regions. These key companies have adopted the strategies of contracts, new product launches, agreements, acquisitions, and partnerships, to increase their shares in the EWIS market.
Safran focuses on securing contracts to improve its leading position in the EWIS market. The company is focused on undergoing research & development activities to strengthen its position in this EWIS market. It has adopted strategies of investments and expansions to widen its customer base and enhance its market presence. In July 2018, Safran renewed its contract with Spirit AeroSystems (US) to provide electrical harness manufacturing and installation services. The contract extensions include more than 50 assemblies for the Boeing Next-Generation 737 and 737 MAX pylon wire harnesses, Boeing 787 guard wire assemblies, and wire harnesses for the 767 Tanker.
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GKN has a diverse product portfolio with a balanced revenue stream, which enables the company to enhance growth prospects in this market. The company offers EWIS for aerostructures and engines. The company has 51 manufacturing facilities located in 14 countries across Europe, North and South America, and Asia Pacific. A major portion of the company’s revenue is generated from the GKN Aerospace segment. In July 2018, GKN Fokker Elmo and Boeing (US) signed an agreement to extend the contract for the supply of electrical wiring and interconnection systems (EWIS) to 737, 777, and P8A aircraft.
Groupe Latécoère has a strong foothold in the aviation industry. Latecoere is one of the key manufacturers of fuselage frames and interconnection systems. The company has a broad product portfolio and has its sales offices in Canada, Mexico, France, Germany, Tunisia, Morocco, and the Czech Republic. As part of its key growth strategy, the company is focused on collaborating with international customers and gaining worthy contracts. The company’s key customers are Airbus (France), Air France Industries (France), Lufthansa Technik (Germany), Sabena Technic (France), and Mitsubishi Aircraft Corporation (Japan). In June 2018, Latecoere launched its new production plant in Belagavi, India. The new plant will initially harness assemblies for Dassault Aviation and Thales.
Related Reports:
EWIS Market by End User (OEM, Aftermarket), Aviation Type (Commercial Aviation, Military Aviation, Business and General Aviation), Application (Avionics, Interiors, Propulsion, Airframe), Component, Region - Global Forecast to 2023
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