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Backshell Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Material, Military Standards, and Application

Backshell Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Material, Military Standards, and Application

  • August 2021
  • 189 pages
  • ID: 6154027
  • Format: PDF
  • The Insight Partners

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The global backshell market was valued at US$ 536.84 million in 2021 and is projected to reach US$ 752.59 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.

With the growing concern over carbon emissions, various industries are getting inclined toward the adoption of clean technology to reduce their respective carbon footprints.In terms of transportation, the automotive industry is currently experiencing a significant shift toward electrification.

However, the aerospace industry is investing notably in developing electric aircraft.The rising price of fuels is one of the major factors that are driving the aerospace industry to develop electric solutions.

Moreover, half of all global flights are shorter than 500 miles.The military-grade connectors along with respective backshells have their applications in commercial electric aircraft.

A few companies such as Eviation, magniX, Heart Aerospace, Pipistrel, Ampaire, Bye Aerospace, and Zunum Aero are front runners in the electric aircraft arena. Meanwhile, in August 2020, DHL Express, a German postal services giant, ordered 12 electric aircraft from Eviation, and in July 2021, United Airlines announced the purchase of 100 19-seat ES-19 electric planes from Heart Aerospace. Also, less maintenance, fewer moving components, and lower electricity cost substantially reduce the overall operational cost of an electric aircraft. Thus, the emergence of electric aircraft is expected to create lucrative growth opportunities for the backshell market in the coming years, as the electric aircraft models would require significantly higher volumes of connectors. The volume of backshells is directly proportional to the volume of connectors, which is the catalyst for the backshell market growth.

The global backshell market is segmented on the basis of type, material, military standards, application, and geography.Based on type, the market is bifurcated into circular and rectangular.

Based on material, the backshell market is segmented into aluminum, nickel, stainless steel, and others.Based on military standards, the market is segmented into AS85049 Series, MIL-DTL-38999, MIL-DTL-83723, MIL-DTL-5015, MIL-DTL-26482, and Others.

Based on application, the backshell market is segmented into ground, naval, and air. Geographically, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of MEA), and South America (Brazil, and the Rest of SAM).

The outbreak of the COVID-19 has significantly affected the world and is continuing to shatter several countries.Until the outbreak, the aerospace & defense industry was experiencing substantial growth in terms of production, despite huge backlogs from the aircraft manufacturers.

The global aviation industry witnessed a significant rise in the number of passengers count and increase in aircraft procurement.The civil aviation industry across the region experienced dramatic changes in the first half of 2020.

Domestic air travel across the US experienced a 97% decrease in passenger revenue between Februarys and April 2020.This scenario negatively impacted the civil aviation manufacturers, leading to a decline in demand for commercial aircrafts from the region.

The supply chain in the market was also equally restricted. In addition to a reduction in aircraft production and its associated supply-chain components, the significant reduction in passenger mileage may result in an excess of aftermarket parts. For instance, with the temporary closure of economic activities, the US-based company, Amphenol Corporation faced decline in demand for its commercial aerospace and automotive markets products in the first quarter of 2020. Thus, the COVID-19 outbreak pandemic is expected to negatively impact the growth of the backshell market in the coming years.

The overall backshell market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the backshell market with respect to all the segments.It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions-North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the backshell market.

A few key players operating in the backshell market are Amphenol Corporation; Arrow Electronics, Inc.; Collins Aerospace.; Curtiss Wright Corporation; Glenair, Inc.; Isodyne Inc.; Pei-Genesis; Souriau Sunbank (Eaton); TE Connectivity; and Techniran Ltd. Several other players are also functioning in the market across the world, contributing significant revenue shares year on year.

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