The Aircraft Electrical Systems market was worth USD xx million in 2021 and is estimated to reach US$ xx million by the end of 2026, growing at an annual compound rate of 6% between 2021 and 2026. 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.
Recent Developments and Trends:
Market Growth:
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.
Market 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.
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.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
6% |
Segments Covered |
Based on Technology, By Application |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Boeing, Thales Group, GE Aviation, T.E Connectivity, Safran SA, Zodiac Aerospace, Eaton, Honeywell International, Inc. Esterline Control Systems, Aircraft Spruce, Astronics Corporation. |
Market Segmentation:
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.
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 generator sector is expected to lead the market during the forecast period.
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.
Regional classification and Growth Insights:
By region, the global aircraft electrical systems market can be divided into
North American 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.
Key Players:
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