Aircraft Electrical System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Aircraft Electrical System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of aircraft electrical system market
The aircraft electrical system market size was valued at USD 19.95 billion in 2019, and the market is now projected to grow to USD 45.24 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period of 2020-2027.
The outbreak of the COVID-19 disease in China in December of 2019 is a factor hampering the growth of aircraft electrical system. Aviation is at some of its most paramount junctures: new forms of travel; travel bans in the context of the coronavirus; and commercialaircraft supply chains. According to the IATA global passenger traffic report, there was a reduction of 14.2% in passenger revenue in 2020 from air travel. This hindered the aircraft electrical system market growth.
The greatest driver to this market is substituting More Electric Systems in aircraft rather than having a standard electrical system. In conventional electric systems, hydraulics are used in many operations including the extension/retraction of the landing gear, flight control operations and management of power generation for the aircraft. But conventional systems are cumbersome and contribute to direct augmentation of the aircraft’s weight. These factors boost the aircraft system market share.
In the earlier days of aviation technology, conventional batteries where deployed on airplanes such as the Lead Acid (Pb-acid), Nickel Cadmium (NiCd) and Nickel Metal Hydride (NiMH). Present day batteries that incorporate technological support are Lithium-ion (Li-ion), Lithium-Sulfur (Li-S), Lithium Air (Li-air) and Zinc Air (Zn-air). These batteries are enhancing flight operational capabilities of airplanes. Specifically, Li-S batteries are quickly gaining popularity since the materials used are relatively lighter and possess the capability for reverse charging and discharge and generate higher energy density than earlier lithium-ion batteries.
Comprehensive aircraft electrical system market
The industrial sensors market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided into 5 Segments, By Platform Analysis, By Component Analysis, By Application Analysis, By Technology Analysis and By End-User Analysis. According to the platform, the market is divided into fixed-wing and rotary-wing. The fixed wing market is classified into commercial aviation, military aviation, business & general aviation and fixed-wing UAVs. In terms of components, the market is divided between generators, conversion devices, distribution devices, battery control systems, and other. According to the application insight the market is categorized into power generation management, flight control & operation, cabin system, configuration management and air presser & conditioning. From a technology prospective, the market is divided into conventional, electric, and other categories. In regards to end-users, OEM and aftermarket divide this market. For the course of the forecast period, it was expected that the OEM segment would account for the highest market share. This growth can be blamed to the number of delivery of military jets all over the world.
The market size in North America stood at USD 8.41 billion in 2019. The region can be expected to be prominent in the aircraft electrical system market share over the forecast period. This will mainly be attributed to the number of industry players mainly in the United States such as Ametek, Amphenol Corporation, Astronics Corporation, GE Aviation, Honeywell International Inc., among others. This region has also grown due to the expansion of domestic airline networks, an increase in military spending and a rapidly rising airline passenger traffic especially in the United States and Canada.
Ametek (U.S.), Amphenol Corporation (U.S.), Astronics Corporation (U.S.), Avionic Instruments, LLC (U.S.), Bae Systems (U.K.), Carlisle Interconnect Technologies (U.S.), Crane Aerospace & Electronics (U.S.), Eaglepicher Technologies, LLC (U.S.), Esterline Technologies (TRANSDIGM GROUP) (U.S.), GE Aviation (U.S.), Hartzell Engine Technologies (U.S.), Honeywell International Inc. (U.S.), Meggitt (U.K.), Nabtesco Corporation (Japan), PBS Aerospace The U.S.), Pioneer Magnetics (U.S.), Radiant Power Corporation (U.S.), Safran (France), Thales Group (France), United Technologies Corporation (U.S.) are significant players in the Semiconductor & Electronics market. They are the key player that ensures the industry's success while still having to keep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.
In May 2021, Emergency pyrotechnic electrical shutdown solutions between Safran Electrical & Power and Pyroalliance were reached through a partnership agreement. This development is focusing on high power electric networks of the next generation aircraft.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
Segmentation By Platform
Fixed-Wing
Commercial Aviation
Military Aviation
Business & General Aviation
Fixed Wing UAVs
Rotary Wing
Civil Aviation
Military Aviation
General Aviation
Rotary Wing UAVs
By Component
Generators
Starter generator
Auxiliary Power Unit (APU)
Integrated Drive Generator (IDG)
Variable speed constant frequency (VSCF) generator
Generator Control Unit (GCU)
Conversion Devices
Inverter
Converter
Transformer Rectifier Unit (TRU)
Distribution Devices
Wires & cables
Connectors & connector accessories
Bus bars
Battery Management Systems
Others
By Application
Power Generation Management
Flight Control & Operation
Cabin System
Configuration Management
Air Pressurization & Conditioning
By Technology
Conventional
Electric
Hybrid electric
Fully electric
Others
By End-User
OEM
Aftermarket
By Geography
North America (By Platform, By Component, By Application, By Technology, By End User, and By Country)
The U.S.
Canada
Europe (By Platform, By Component, By Application, By Technology, By End User, and By Country)
The U.K.
Germany
France
Russia
Italy
Rest of Europe
Asia Pacific (By Platform, By Component, By Application, By Technology, By End User, and By Country)
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
The Middle East (By Platform, By Component, By Application, By Technology, By End User, and By Country)
Saudi Arabia
Israel
Turkey
Rest of the Middle East
Rest of the World (By Platform, By Component, By Application, By Technology, By End User, and By Country)
Africa
Latin America
Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights-Impact of COVID-19 Pandemic on Global Aircraft Electrical System Market
- 5.1. Impact of COVID-19 Pandemic on Global Aircraft Electrical System Market
- 5.2. Steps Taken by Industry/Companies/Government to Overcome the Impact
- 5.3. Key Development in the industry in Response to COVID-19 Pandemic
- 5.4. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Platform
- 6.2.1. Fixed-Wing
- 6.2.2. Rotary Wing
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Generators
- 6.3.2. Conversion Devices
- 6.3.3. Distribution Devices
- 6.3.4. Battery Management Systems
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Power Generation Management
- 6.4.2. Flight Control & Operation
- 6.4.3. Cabin System
- 6.4.4. Configuration Management
- 6.4.5. Air Pressurization & Conditioning
- 6.5. Market Analysis, Insights and Forecast – By Technology
- 6.5.1. Conventional
- 6.5.2. Electric
- 6.5.3. Others
- 6.6. Market Analysis, Insights and Forecast – By End-User
- 6.6.1. OEM
- 6.6.2. Aftermarket
- 6.7. Market Analysis, Insights and Forecast – By Region
- 6.7.1. North America
- 6.7.2. Europe
- 6.7.3. Asia-Pacific
- 6.7.4. The Middle East
- 6.7.5. Rest of the world
- 7. North America Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Platform
- 7.2.1. Fixed-Wing
- 7.2.2. Rotary Wing
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Generators
- 7.3.2. Conversion Devices
- 7.3.3. Distribution Devices
- 7.3.4. Battery Management Systems
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Power Generation Management
- 7.4.2. Flight Control & Operation
- 7.4.3. Cabin System
- 7.4.4. Configuration Management
- 7.4.5. Air Pressurization & Conditioning
- 7.5. Market Analysis, Insights and Forecast – By Technology
- 7.5.1. Conventional
- 7.5.2. Electric
- 7.5.3. Others
- 7.6. Market Analysis, Insights and Forecast – By End-User
- 7.6.1. OEM
- 7.6.2. Aftermarket
- 7.7. Market Analysis – By Country
- 7.7.1. The U.S.
- 7.7.2. Canada
- 8. Europe Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Platform
- 8.2.1. Fixed-Wing
- 8.2.2. Rotary Wing
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Generators
- 8.3.2. Conversion Devices
- 8.3.3. Distribution Devices
- 8.3.4. Battery Management Systems
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Power Generation Management
- 8.4.2. Flight Control & Operation
- 8.4.3. Cabin System
- 8.4.4. Configuration Management
- 8.4.5. Air Pressurization & Conditioning
- 8.5. Market Analysis, Insights and Forecast – By Technology
- 8.5.1. Conventional
- 8.5.2. Electric
- 8.5.3. Others
- 8.6. Market Analysis, Insights and Forecast – By End-User
- 8.6.1. OEM
- 8.6.2. Aftermarket
- 8.7. Market Analysis – By Country
- 8.7.1. The U.K.
- 8.7.2. Germany
- 8.7.3. France
- 8.7.4. Italy
- 8.7.5. Russia
- 8.7.6. Rest of Europe
- 9. Asia pacific Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Platform
- 9.2.1. Fixed-Wing
- 9.2.2. Rotary Wing
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Generators
- 9.3.2. Conversion Devices
- 9.3.3. Distribution Devices
- 9.3.4. Battery Management Systems
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Power Generation Management
- 9.4.2. Flight Control & Operation
- 9.4.3. Cabin System
- 9.4.4. Configuration Management
- 9.4.5. Air Pressurization & Conditioning
- 9.5. Market Analysis, Insights and Forecast – By Technology
- 9.5.1. Conventional
- 9.5.2. Electric
- 9.5.3. Others
- 9.6. Market Analysis, Insights and Forecast – By End-User
- 9.6.1. OEM
- 9.6.2. Aftermarket
- 9.7. Market Analysis – By Country
- 9.7.1. China
- 9.7.2. India
- 9.7.3. Japan
- 9.7.4. Australia
- 9.7.5. South Korea
- 9.7.6. Rest of Asia Pacific
- 10. The Middle East Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Platform
- 10.2.1. Fixed-Wing
- 10.2.2. Rotary Wing
- 10.3. Market Analysis, Insights and Forecast – By Component
- 10.3.1. Generators
- 10.3.2. Conversion Devices
- 10.3.3. Distribution Devices
- 10.3.4. Battery Management Systems
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Power Generation Management
- 10.4.2. Flight Control & Operation
- 10.4.3. Cabin System
- 10.4.4. Configuration Management
- 10.4.5. Air Pressurization & Conditioning
- 10.5. Market Analysis, Insights and Forecast – By Technology
- 10.5.1. Conventional
- 10.5.2. Electric
- 10.5.3. Others
- 10.6. Market Analysis, Insights and Forecast – By End-User
- 10.6.1. OEM
- 10.6.2. Aftermarket
- 10.7. Market Analysis – By Country
- 10.7.1. Saudi Arabia
- 10.7.2. Israel
- 10.7.3. Turkey
- 10.7.4. Rest of The Middle East
- 11. Rest of the world Aircraft Electrical System Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Platform
- 11.2.1. Fixed-Wing
- 11.2.2. Rotary Wing
- 11.3. Market Analysis, Insights and Forecast – By Component
- 11.3.1. Generators
- 11.3.2. Conversion Devices
- 11.3.3. Distribution Devices
- 11.3.4. Battery Management Systems
- 11.3.5. Others
- 11.4. Market Analysis, Insights and Forecast – By Application
- 11.4.1. Power Generation Management
- 11.4.2. Flight Control & Operation
- 11.4.3. Cabin System
- 11.4.4. Configuration Management
- 11.4.5. Air Pressurization & Conditioning
- 11.5. Market Analysis, Insights and Forecast – By Technology
- 11.5.1. Conventional
- 11.5.2. Electric
- 11.5.3. Others
- 11.6. Market Analysis, Insights and Forecast – By End-User
- 11.6.1. OEM
- 11.6.2. Aftermarket
- 11.7. Market Analysis – By Region
- 11.7.1. Africa
- 11.7.2. Latin America
- 12. Competitive Analysis
- 12.1. Key Industry Developments
- 12.2. Global Market Share Analysis (2019)
- 12.3. Competition Dashboard
- 12.4. Comparative Analysis – Major Players
- 12.5. Company Profiles (Overview, Products & Components, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 12.5.1. Ametek (The U.S.)
- 12.5.1.1. Overview,
- 12.5.1.2. Products & Components,
- 12.5.1.3. SWOT analysis,
- 12.5.1.4. Recent developments,
- 12.5.1.5. strategies,
- 12.5.1.6. financials (based on availability)
- 12.5.2. Amphenol Corporation (The U.S.)
- 12.5.2.1. Overview,
- 12.5.2.2. Products & Components,
- 12.5.2.3. SWOT analysis,
- 12.5.2.4. Recent developments,
- 12.5.2.5. strategies,
- 12.5.2.6. financials (based on availability)
- 12.5.3. Astronics Corporation (The U.S.)
- 12.5.3.1. Overview,
- 12.5.3.2. Products & Components,
- 12.5.3.3. SWOT analysis,
- 12.5.3.4. Recent developments,
- 12.5.3.5. strategies,
- 12.5.3.6. financials (based on availability)
- 12.5.4. Avionic Instruments, LLC (The U.S.)
- 12.5.4.1. Overview,
- 12.5.4.2. Products & Components,
- 12.5.4.3. SWOT analysis,
- 12.5.4.4. Recent developments,
- 12.5.4.5. strategies,
- 12.5.4.6. financials (based on availability)
- 12.5.5. Bae Systems (The U.K.)
- 12.5.5.1. Overview,
- 12.5.5.2. Products & Components,
- 12.5.5.3. SWOT analysis,
- 12.5.5.4. Recent developments,
- 12.5.5.5. strategies,
- 12.5.5.6. financials (based on availability)
- 12.5.6. Carlisle Interconnect Technologies (The U.S.)
- 12.5.6.1. Overview,
- 12.5.6.2. Products & Components,
- 12.5.6.3. SWOT analysis,
- 12.5.6.4. Recent developments,
- 12.5.6.5. strategies,
- 12.5.6.6. financials (based on availability)
- 12.5.7. Crane Aerospace & Electronics (The U.S.)
- 12.5.7.1. Overview,
- 12.5.7.2. Products & Components,
- 12.5.7.3. SWOT analysis,
- 12.5.7.4. Recent developments,
- 12.5.7.5. strategies,
- 12.5.7.6. financials (based on availability)
- 12.5.8. Eaglepicher Technologies, LLC (The U.S.)
- 12.5.8.1. Overview,
- 12.5.8.2. Products & Components,
- 12.5.8.3. SWOT analysis,
- 12.5.8.4. Recent developments,
- 12.5.8.5. strategies,
- 12.5.8.6. financials (based on availability)
- 12.5.9. Esterline Technologies (TRANSDIGM GROUP) (The U.S.)
- 12.5.9.1. Overview,
- 12.5.9.2. Products & Components,
- 12.5.9.3. SWOT analysis,
- 12.5.9.4. Recent developments,
- 12.5.9.5. strategies,
- 12.5.9.6. financials (based on availability)
- 12.5.10. GE Aviation (The U.S.)
- 12.5.10.1. Overview,
- 12.5.10.2. Products & Components,
- 12.5.10.3. SWOT analysis,
- 12.5.10.4. Recent developments,
- 12.5.10.5. strategies,
- 12.5.10.6. financials (based on availability)
- 12.5.11. Hartzell Engine Technologies (The U.S.)
- 12.5.11.1. Overview,
- 12.5.11.2. Products & Components,
- 12.5.11.3. SWOT analysis,
- 12.5.11.4. Recent developments,
- 12.5.11.5. strategies,
- 12.5.11.6. financials (based on availability)
- 12.5.12. Honeywell International Inc.(The U.S.)
- 12.5.12.1. Overview,
- 12.5.12.2. Products & Components,
- 12.5.12.3. SWOT analysis,
- 12.5.12.4. Recent developments,
- 12.5.12.5. strategies,
- 12.5.12.6. financials (based on availability)
- 12.5.13. Meggitt (The U.K.)
- 12.5.13.1. Overview,
- 12.5.13.2. Products & Components,
- 12.5.13.3. SWOT analysis,
- 12.5.13.4. Recent developments,
- 12.5.13.5. strategies,
- 12.5.13.6. financials (based on availability)
- 12.5.14. Nabtesco Corporation (Japan)
- 12.5.14.1. Overview,
- 12.5.14.2. Products & Components,
- 12.5.14.3. SWOT analysis,
- 12.5.14.4. Recent developments,
- 12.5.14.5. strategies,
- 12.5.14.6. financials (based on availability)
- 12.5.15. PBS Aerospace (The U.S.)
- 12.5.15.1. Overview,
- 12.5.15.2. Products & Components,
- 12.5.15.3. SWOT analysis,
- 12.5.15.4. Recent developments,
- 12.5.15.5. strategies,
- 12.5.15.6. financials (based on availability)
- 12.5.16. Pioneer Magnetics (The U.S.)
- 12.5.16.1. Overview,
- 12.5.16.2. Products & Components,
- 12.5.16.3. SWOT analysis,
- 12.5.16.4. Recent developments,
- 12.5.16.5. strategies,
- 12.5.16.6. financials (based on availability)
- 12.5.17. Radiant Power Corporation (The U.S.)
- 12.5.17.1. Overview,
- 12.5.17.2. Products & Components,
- 12.5.17.3. SWOT analysis,
- 12.5.17.4. Recent developments,
- 12.5.17.5. strategies,
- 12.5.17.6. financials (based on availability)
- 12.5.18. Safran (France)
- 12.5.18.1. Overview,
- 12.5.18.2. Products & Components,
- 12.5.18.3. SWOT analysis,
- 12.5.18.4. Recent developments,
- 12.5.18.5. strategies,
- 12.5.18.6. financials (based on availability)
- 12.5.19. Thales Group (France)
- 12.5.19.1. Overview,
- 12.5.19.2. Products & Components,
- 12.5.19.3. SWOT analysis,
- 12.5.19.4. Recent developments,
- 12.5.19.5. strategies,
- 12.5.19.6. financials (based on availability)
- 12.5.20. United Technologies Corporation (The U.S.)
- 12.5.20.1. Overview,
- 12.5.20.2. Products & Components,
- 12.5.20.3. SWOT analysis,
- 12.5.20.4. Recent developments,
- 12.5.20.5. strategies,
- 12.5.20.6. financials (based on availability)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
