Global Aircraft Electrical Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Aircraft Electrical Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aircraft electrical systems market report has been segmented on the basis of component, system, platform, application, and region.
Global Aircraft Electrical Systems Market: Overview
An aircraft electrical system is primarily composed of power sources such as batteries and generators; components such as control devices, conversion devices, and protection devices; power distribution systems such as busbar systems, and wire and cable; and electric loads such as motors, lighting services, heating services, and avionics. These systems are used to transmit, generate, distribute, store, and utilize electrical energy in an aircraft.
Global Aircraft Electrical Systems Market: Dynamics
Increasing manufacturing or production of civil aircrafts owing to rising number of air travelling passengers globally is a factor to support growth of the target market. Increasing development for exquisite customer experiences commercial aircrafts are enhancing their services by including offerings such as in-flight entertainment, seat power supply and many more. This in turn is a factor expected to fuel global market growth in the near years.
Increasing technological advancements by various battery manufacturers to provide high-density battery solutions in electric aircraft is among major factor expected to boost target market growth in the coming 10 years.
Electrical aircrafts have gained high traction over recent years owing to rising natural fuel consumption, pollution, and efficient alternative to fuel making it cost effective. This is a factor that is also expected to support growth of the target market.
Moreover, increasing R&D activities to offer lightweight wiring while assembling aircraft electrical systems and technological advancements in battery storage scenarios, and electric systems generation are major opportunities for players in the market.
Increasing strategic agreements and partnership between various players that are operating in the global market is a factor that is expected to drive revenue growth opportunities in the target market.
For instance; in February 2019, Safran Electrical & Power which is a subsidiary of Safran S.A, signed a contract with AVIC XAC Commercial Aircraft Co., Ltd (XCAC).
Global Aircraft Electrical Systems Market: Segment Analysis
Electrical systems rely heavily on generators. Thus making generators a key element in providing electricity to various components in aircrafts. Moreover, generators are primary source of electrical power, which converts mechanical energy into electrical energy. Therefore, among the component segments, the generator segment is expected to register highest revenue share among all other segments in the global market.
Among the platform segments, the commercial aviation segment is expected to register highest CAGR in the global market. This growth is attributed to increasing air travel passengers, disposable income of the middle-class individuals, and international tourism and trade activities across the globe.
Global Aircraft Electrical Systems Market: Region Analysis
Increasing utilities activities such as transportation and surveillance, and growing demand of aircraft for commercial purposes such as cargo, passengers, and others are factors supporting growth of the aircraft electrical systems in the Asia Pacific countries.
Market in North America is expected to dominate in terms of CAGR owing to availability of well-developed infrastructure of airports, high adoption of electric systems for various application, and favorable government initiatives.
Global Aircraft Electrical Systems Market Segmentation:
Segmentation by Component:
- Conversion Devices
- Distribution Devices
- Battery Management Systems
- Others (Alternators, etc.)
Segmentation by System:
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
Segmentation by Platform:
- Military Aviation
- Commercial Aviation
- Business & General Aviation
Segmentation by Application:
- Cabin System
- Flight Control & Operation
- Configuration Management
- Power Generation Management
- Air Pressurization & Conditioning
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Meggitt Plc
- Safran SA
- Thales Group
- Ametek, Inc.
- Pbs Aerospace, Inc.
- Nabtesco Corporation
- Astronics Corporation
- Amphenol Corporation
- Avionic Instruments, LLC
- Honeywell International, Inc.
- General Electric (GE Aviation)
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