Aerospace and Defense Cable Market Poised for $47 Billion Surge by 2032
Washington, Tuesday, 8 July 2025.
The aerospace and defense cable market is forecasted to grow from $27.8 billion in 2022 to $47 billion by 2032, driven by technological advancements and increased military investments.
Technological Advancements and Military Spending Fuel Growth
The projected growth of the aerospace and defense cable market to $47 billion by 2032 is largely attributed to rapid technological advancements and increased military spending. Innovations in digitalization and electrification of aerospace and defense systems are among the major drivers[1]. These advancements are complemented by the rising global military expenditure, which necessitates enhanced communication and power transfer capabilities[1].
Market Distribution and Key Applications
Key applications such as power distribution and military ground equipment stand out as the primary contributors to the market’s expansion. In 2022, these segments collectively accounted for approximately 54.1% of the market share, highlighting their significance[1]. The focus on these applications underscores the critical role they play in supporting the structural and operational backbone of military and aerospace technologies.
Asia-Pacific’s Pivotal Role
The Asia-Pacific region is expected to play a pivotal role in the growth of this market, driven by the increasing maintenance, repair, and operations (MRO) activities in developing economies[1]. The region’s significant share in the global market underscores its emerging influence and contribution to advancements in aerospace and defense technology.
CAGR and Market Forecast
The market is anticipated to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2032. This growth trajectory is a strong indicator of the ongoing transformations within the industry and the persistent demand for advanced cable and wire solutions to support modern defense systems[1].