Feb 7, 2022   SOURCE: BusinessWire

Global Backshell (Circular & Rectangle) Markets, 2021-2028 - Development of Commercial Electric Aircraft & Electrification of Military Ground Vehicles - ResearchAndMarkets.com

The "Global Backshell Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Circular Backshell and Rectangular Backshell), Material (Aluminum, Nickel, Stainless Steel, and Others), Military Standards, and Application" report has been added to ResearchAndMarkets.com's offering.

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.

Market Dynamics

Market Drivers

  • Growing Use of Aluminum Backshell
  • Increasing Military Expenditures

Market Restraints

  • Regulations around MIL Spec Backshells

Market Opportunities

  • Development of Commercial Electric Aircraft

Future Trends

  • Electrification of Military Ground Vehicles

Companies Mentioned

  • Amphenol Corporation
  • Arrow Electronics, Inc.
  • Collins Aerospace.
  • Curtiss Wright Corporation
  • Glenair, Inc.
  • Isodyne Inc.
  • Pei-Genesis
  • Souriau Sunbank (Eaton)
  • TE Connectivity
  • Techniran Ltd

For more information about this report visit https://www.researchandmarkets.com/r/c7wnkj