According to the new research report
published by The Insight Partners, titled “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.
The
automotive industry is undergoing a shift from internal combustion engines to
electrification owing to the increasing concerns regarding carbon emission. The
vehicles used armed forces are major diesel-powered and it lacks the quick manoeuvrability
capabilities of an electric-powered vehicle, such as increased torque, towing
capability, and climbing ability. Moreover, the thermal signature of an
Electric Vehicle (EV) cannot be detected from a long distance that of an
internal combustion engine, which acts as a major benefit on the battlefield.
Currently, the US Army is actively evaluating various options with automotive
manufacturers to develop electric vehicles for military applications. For
instance, in 2020, the Maneuver Capabilities Development and Integration
Directorate (MCDID) approved the study of tactical and combat vehicles with
electric engines.
The aluminum
backshells are gaining importance in the commercial aviation business, as the
commercial (civil and general aviation) aircraft manufacturers are consistently
striving hard to reduce fuel consumption and CO2 emission and increase
endurance. The usage of heavier metallic components restricts the aircraft OEMs
to attain the above-mentioned parameters. Owing to this, the usage of
lightweight components or parts is surging among these manufacturers. As the
commercial aircraft OEMs are emphasizing aluminum backshells for varied
connectors, the demand for aluminum backshells is growing among the MRO service
providers.
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The COVID–19
outbreak has decimated the demand for aircraft across the world. Owing to the
crisis, aircraft manufacturers witnessed the reduction in the volumes of
orders, which resulted in a lower number of productions. The decline in
production volumes adversely affected the businesses of various component
manufacturers and associated technologies. Thus, the backshell market players'
businesses have been severely affected by the destabilization in aircraft
production. Amid COVID-19 outbreak, the aerospace & defense industry
witnessed tremor with minimal resources to foresee the future. Several
production units in the US, France, Russia, and China were temporarily closed
in order to adhere to the government rules regarding lockdown and physical
distancing. The aircraft manufacturers witnessed 30–50% reduction in demand for
most of the aircraft models, especially, commercial aircraft models. The
restrictions on the production and assembly of aircraft and military ground
vehicles have hindered the demand for backshell, resulting in lower revenue
generation. This factor negatively impacted the backshell market.
Based on
type, the backshell market is bifurcated into circular and rectangular. Based
on material, the backshell market is segmented into aluminum, nickel, stainless
steel, and others. In 2020, the stainless steel segment led the market and
accounted for the largest market share. Based on military standards, the
backshell market is segmented into AS85049 Series, MIL-DTL-38999,
MIL-DTL-83723, MIL-DTL-5015, MIL-DTL-26482, and Others. In 2020, the AS85049
Series segment led the market and accounted for the largest market share. Based
on application, the backshell market is segmented into ground, naval, and air.
Companies Profiled in this
report includes
Amphenol
Corporation
Arrow
Electronics, Inc.
Collins
Aerospace.
Curtiss
Wright Corporation
Glenair,
Inc.
Isodyne Inc.
Pei-Genesis
Souriau
Sunbank (Eaton)
TE
Connectivity
Techniran
Ltd
Speak to Analyst
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About Us:
The Insight Partners is a one stop
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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,
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Contact Us:
If you have any queries about this report or
if you would like further information, please
Contact
Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone:
+1-646-491-9876
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