Backshell Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2028

 

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

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