The Future of Aircraft Relays & Contactors Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Aircraft Relays & Contactors to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft relays & contactors market realities and future possibilities for the forecast period of 2020 to 2025. The report segments and analyses the market in the most detailed and comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.

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Aircraft Type Segment

The market is segmented based on the aircraft type as commercial aircraft, military aircraft, general aviation, helicopter, and regional aircraft. Commercial aircraft are expected to remain the largest segment of the market during the forecast period. Increasing deliveries of commercial owing to rising air passenger traffic, growing demand for more electric aircraft, and increasing aircraft fleet size are the key growth drivers of the segment’s market.

Product Type Segment

Based on the product type, the market is segmented into relays and contactors. Contactors are likely to remain the larger segment of the aircraft relays & contactors market during the forecast period. They are generally of high power and are very high-value products as compared to relays. Dramatic design changes, especially in developing high-performance contactors with lower dissipation, are leading to the development of smart contactors, addressing additional market requirements of weight and size.

Region Wise Segment

In terms of region, North America is projected to remain the largest market for aircraft relays & contactors during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleets of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, relays & contactors suppliers, and component manufacturers are primarily driving the aircraft relays & contactors market in the country.

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Highlights of the Report:

Aircraft relays & contactors market is extrapolated to grow at an impressive rate over the next five years to reach an estimated value of US$ 625.7 million in 2025. Increasing aircraft deliveries fuelled by rising passenger traffic, increasing aircraft fleet size, and the growing trend towards more electric aircraft driven by a shift from hydraulic and pneumatic systems to electrical systems in modern aircraft programs are the major factors escalating the growth of aircraft relays & contactors market.

The supply chain of this market comprises of raw material suppliers, relays & contactors manufacturers, distributors/part brokers, tier players, aircraft OEMs, MRO companies, and aircraft leasing companies. The key players in the aircraft relays & contactors market are Esterline Technologies Corporation, Safran S.A., Collins Aerospace, Amtek Inc., FIRST SwitchTech, Teledyne Technologies, and TE Connectivity. The formation of long-term contracts, the development of highly efficient and lightweight components, and strategic alliances are the key strategies adopted by major players to gain a competitive edge in the market.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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