Pulished Date February, 2020
ID: 9194
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Aircraft Electrical Systems Market by Technology (Power Generation, Conversion, Distribution, and Energy Storage), Component (Starter Generator, Transformer Rectifier, Contactors, Solid State Power Controllers, Batteries and Others), Application (Aircraft Utility Management, Configuration Management, Flight Controls and Operations, Power Generation Management) & Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Size, Growth, Trends, Demand and Competitive Analysis Forecast Report 2020-2025

Pulished: February, 2020
ID: 9194
Pages: 140

Aircraft Electrical Systems Market Size, Share and Growth Analysis:

Aircraft Electrical Systems market was worth USD xx million in 2019 and is estimated to reach US$ xx million by the end of 2025, growing at an annual compound rate round 6% between 2020 and 2025. An airplane is a set of sophisticated electrical components and subsystems that work together to achieve the desired flight parameters. Aircraft electrical systems comprise four essential subsystems: generation, distribution, conversion and storage of energy.

This subsystem consists of several electrical components that help generate and transport electricity to all systems throughout the aircraft. In the aircraft electrical systems market, we consider primary generators, auxiliary power units (APUs) and starter generators, distribution buses, remote power distribution assemblies, energy converters, and aircraft batteries.

Regional classification and Growth Insights:

By region, the global aircraft electrical systems market can be divided into North America, Europe, Asia Pacific, the Middle East, and Africa and South America. 

North America aircraft electrical systems market is an essential leader in the global business due to the presence of manufacturers of aircraft electrical systems. Also, major aircraft manufacturers are moving from airplanes to more electric aircraft systems without using hydraulic systems. The North American market has been studied in the United States and Canada. The massive investment in the research and development of more electric airplanes and the growing demand for planes with greater fuel efficiency and lower maintenance are the driving forces of this regional market.

Recent Developments and Trends:

  1. In June 2019, Virgin Atlantic became the first British airline to order an Airbus A330-900neo plane, which is newer and cleaner than ever.
  2. June 2019: Qantas Airways Ltd. Qantas has converted 26 orders for A321neo aircraft to the XLR A321. Qantas has also expanded to order an additional 10 XLR A321 for USD 1.4 billion.
  3. In September 2019, KLM Royal Dutch Airlines spent US$ 751 million for two B777-300ER aircraft. Collins Aerospace (UTC) offers integrated drive generators and generator controls for the B777 family, while ontic offers integrated AC and DC motors.
  4. In October 2019, Spirit Airlines and Airbus signed a Memorandum of Understanding (MoU) to buy 100 A320. The airline received an excellent order of 55 A320neos, whose delivery is scheduled for 2021. The A320 family is equipped with Collins Aerospace (UTC) power distribution equipment, Meggitt PLC supplies AC power converters, and Safran SA is the only supplier of integrated APU generators.
  5. In February 2019, Safran Electrical & Power, a subsidiary of Safran S.A, signed a contract with AVIC XAC Commercial Aircraft Co Ltd (XCAC).

Market Growth Trends:

Advances in high-density battery solutions for electric aircraft and the optimization of aircraft performance through the use of more electrical technologies are key factors that will lead the market for the aircraft electrical system in the coming years.

Drivers:

With the rise in passengers traveling around the world, the increase in the manufacture or production of civil aircraft is a factor that supports growth in the target market. In addition, development for the exquisite customer experience commercial aircraft is improving their services, including products such as on-board entertainment, power supplies for seats and more. This is expected to accelerate the growth of the global aircraft electrical systems market in the near future. The growth of the target market is likely to accelerate over the next decade as the technological developments of several battery manufacturers increase to provide high-density battery solutions for electric batteries. 

Electric airplanes have gained considerable traction in recent years as they become more profitable due to natural fuel consumption, pollution and fuel-efficient alternatives. This is expected to support the growth of the aircraft electrical systems industry. Besides, the assembly of aircraft electrical systems and technological advances in battery storage scenarios, the R&D activity to provide light wiring is increasing, and the creation of electrical systems is an excellent opportunity for players in the market. The increase in strategic contracts and partnerships between various players in the global market is foreseen to boost revenue opportunities in the target market.

Restraints:

With the miniaturization of energy conversion equipment, manufacturers face problems of efficiency and energy density. As a result, the cost of the entire electrical system of the aircraft increases. Market participants face significant challenges in replacing and introducing high-frequency switching mode power supplies for aircraft, which increases the efficiency and cost of the device while reducing the size and weight of the device.

Market Segmentation:

Based on Technology, the aircraft electrical system market was classified into power generation, distribution, energy conversion, and energy storage. The power generation sector is expected to lead the market during the forecast period.

Based on Components: The market of the aircraft electrical system is divided into starter generators, transformer rectifiers, contactors, solid-state power controllers, batteries and others. Of these, the generators sector is expected to lead the market during the forecast period.

By Application: The aircraft electrical system market has been divided into Aircraft Utility Management, Configuration Management, Flight Controls and Operations, Power Generation Management. Of these, the aircraft utility management segment is predicted to grow at the highest CAGR during the forecast period.

Top Leading Company:

In 2018, UTC Aerospace announced that it would invest approximately US$ 3 billion to develop more electrical initiatives, replacing the aircraft's hydraulic and pneumatic systems with electrical components, providing a positive outlook for industrial expansion.

Key Players

  1. Boeing
  2. Thales Group
  3. GE Aviation
  4. T.E Connectivity
  5. Safran SA
  6. Zodiac Aerospace
  7. Eaton
  8. Honeywell International, Inc.
  9. Esterline Control Systems
  10. Aircraft Spruce
  11. Astronics Corporation

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aircraft Electrical Systems Market, By Component                    

                                6.1.1 Starter Generators              

                                6.1.2 Transformer Rectifiers       

                                6.1.3 Contactors              

                                6.1.4 Solid-state Power Controller           

                                6.1.5 Batteries  

                                6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Aircraft Electrical Systems Market, By Technology                     

                                6.2.1 Power Generation               

                                6.2.2 Power Distribution              

                                6.2.3 Energy Conversion              

                                6.2.4 Energy Storage      

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Aircraft Electrical Systems Market, By Application                     

                                6.3.1 Aircraft Utility Management            

                                6.3.2 Configuration Management            

                                6.3.3 Flight Controls and Operations       

                                6.3.4 Power Generation Management  

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Technology       

                                7.2.4 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Technology       

                                7.3.4 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Technology       

                                7.4.4 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Technology       

                                7.5.4 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Technology       

                                7.6.4 By Application        

8. Key Player Analysis                                    

                8.1 Boeing                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Thales Group                             

                8.3 GE Aviation                 

                8.4 T.E. Connectivity                      

                8.5 Safran SA                     

                8.6 Zodiac Aerospace                    

                8.7 Astronics Corporation                            

                8.8 Honeywell International Inc.                               

                8.9 Esterline Control Systems                    

                8.10 Aircraft Spruce                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Component, By technology, By Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aircraft Electrical System Market By Region, From 2020-2025 ( USD Billion )
  2. Global Aircraft Electrical System Market By Component, From 2020-2025 ( USD Billion )
  3. Global Starter Generators Market By Region, From 2020-2025 ( USD Billion )
  4. Global Transformer Rectifiers Market By Region, From 2020-2025 ( USD Billion )
  5. Global Contactors Market By Region, From 2020-2025 ( USD Billion )
  6. Global Solid-state Power Controller Market By Region, From 2020-2025 ( USD Billion )
  7. Global Batteries Market By Region, From 2020-2025 ( USD Billion )
  8. Global Aircraft Electrical System Market By Technology, From 2020-2025 ( USD Billion )
  9. Global Power Generation Market By Region, From 2020-2025 ( USD Billion )
  10. Global Power Distribution Market By Region, From 2020-2025 ( USD Billion )
  11. Global Energy Conversion Market By Region, From 2020-2025 ( USD Billion )
  12. Global Energy Storage Market By Region, From 2020-2025 ( USD Billion )
  13. Global Aircraft Electrical System Market By Application, From 2020-2025 ( USD Billion )
  14. Global Aircraft Utility Management Market By Region, From 2020-2025 ( USD Billion )
  15. Global Configuration Management Market By Region, From 2020-2025 ( USD Billion )
  16. Global Flight Controls and Operations Market By Region, From 2020-2025 ( USD Billion )
  17. Global Power Generation Management Market By Region, From 2020-2025 ( USD Billion )

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