The aircraft harsh harness market is quite aligned with the organic growth of the aircraft industry. The past three years (2019-2021) proved to be extremely challenging for the market stakeholders, leaving no space for the market stakeholders to recover. Firstly, the grounding of the B737Max, followed by the outbreak of the pandemic kicked off the industry to almost the decade-ago figure. The pandemic completely overturned the market (-39.7% decline in the aircraft harsh harness market in 2020), sending the market to below its 2016-market levels. In 2021, the market further declined in the wake of slow air travel recovery paired with the halt in deliveries of B787 aircraft.
The rapid recovery in air passenger travel coupled with huge order backlogs of aircraft is driving the demand for aircraft harsh harnesses from 2022 onwards. Overall, the aircraft harsh harness market is likely to rebound at a promising CAGR of 10%, in the long run, to reach US$ 293 Million in 2028.
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