According to Markntel Advisors Report, Aircraft Electrical Systems Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
The intricate network of parts that makes up an aircraft electrical system is responsible for producing, distributing, using, and storing electrical energy. It is necessary to power critical systems including flight controls, communication, navigation, and illumination. Depending on the size and kind of aircraft, the electrical system's exact configuration changes. The fundamentals of generation, distribution, and consumption haven't changed, though.
Global Aircraft Electrical Systems Market Research Report Summary:
The Global Aircraft Electrical Systems Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Aircraft Electrical Systems Market?
The top companies of the Aircraft Electrical Systems Market ruling the industry are:
Ametek, Inc., Safran, Astronics Corporation, Amphenol Corporation, PBS Aerospace, Honeywell International Inc., Meggitt Plc, Thales Group, United Technologies Corporation, General Electric, RTX Corporation, Acme Aerospace Inc. Avionic Instruments LLC, Crane Aerospace Electronics, Hartzell Engine Technologies LLC, Nabtesco Corporation, Others.
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What is Included in Aircraft Electrical Systems Market Segmentation?
The Aircraft Electrical Systems Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Components
-Generators- Market Size Forecast 2019-2030F, USD Million
-Starter Generators- Market Size Forecast 2019-2030F, USD Million
-Auxiliary Power Unit (APU)- Market Size Forecast 2019-2030F, USD Million
-Integrated Device Generators (IDG)- Market Size Forecast 2019-2030F, USD Million
-Variable Speed Constant Frequency (VSCF) Generator- Market Size Forecast 2019-2030F, USD Million
-Generator Control Unit (GCU)- Market Size Forecast 2019-2030F, USD Million
-Conversion Devices- Market Size Forecast 2019-2030F, USD Million
-Inverter- Market Size Forecast 2019-2030F, USD Million
-Converter- Market Size Forecast 2019-2030F, USD Million
-Transformer Rectifier Unit (TRU) - Market Size Forecast 2019-2030F, USD Million
-Distribution Devices- Market Size Forecast 2019-2030F, USD Million
-Wires and Cables- Market Size Forecast 2019-2030F, USD Million
-Connectors and Connector Accessories- Market Size Forecast 2019-2030F, USD Million
-Busbars- Market Size Forecast 2019-2030F, USD Million
-Battery Management Systems- Market Size Forecast 2019-2030F, USD Million
-By Systems- Market Size Forecast 2019-2030F, USD Million
-Power Generation- Market Size Forecast 2019-2030F, USD Million
-Power Distribution- Market Size Forecast 2019-2030F, USD Million
-Power Conversion- Market Size Forecast 2019-2030F, USD Million
-Energy Storage- Market Size Forecast 2019-2030F, USD Million
-By Platform- Market Size Forecast 2019-2030F, USD Million
-Commercial Aviation- Market Size Forecast 2019-2030F, USD Million
-Military Aviation- Market Size Forecast 2019-2030F, USD Million
-Business General Aviation- Market Size Forecast 2019-2030F, USD Million
-By End User- Market Size Forecast 2019-2030F, USD Million
-OEM- Market Size Forecast 2019-2030F, USD Million
-Aftermarket- Market Size Forecast 2019-2030F, USD Million
-By Application- Market Size Forecast 2019-2030F, USD Million
-Power Generation Management- Market Size Forecast 2019-2030F, USD Million
-Flight Control Operation- Market Size Forecast 2019-2030F, USD Million
-Cabin Systems- Market Size Forecast 2019-2030F, USD Million
-Configuration Management- Market Size Forecast 2019-2030F, USD Million
-Air Pressurization Conditioning- Market Size Forecast 2019-2030F, USD Million
-By Region
-North America
-South America
-Middle East Africa
-Europe
-Asia-Pacific
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Global Aircraft Electrical Systems Market Driver:
Inclination Toward More Electric Technology to Optimize Overall Aircraft Performance – The shift toward more electric technology is, in fact, one of the main forces behind the aircraft electrical systems market. In many aircraft tasks, this trend is typified by a move away from conventional pneumatic and hydraulic systems and toward electrical alternatives. The rising use of electric technology in aircraft is a result of several variables, all of which have a major impact on the growth and development of aircraft electrical systems.
Aircraft weight can be reduced by switching out hydraulic and pneumatic systems with aircraft electrical power systems. This translates into a greater range, more fuel economy, and possibly cheaper production costs. Furthermore, compared to conventional systems, aircraft electrical systems have a better efficiency in turning fuel energy into propulsion. As a result, less fuel is used and fewer pollutants are produced. Improved aircraft handling and maneuverability result from the quicker and more accurate control of systems like landing gear and flaps offered by electrical systems. Therefore, several factors, such as the desire for increased fuel efficiency, weight reduction, easier maintenance, increased reliability, environmental concerns, technological advancements, and the electrification of various aircraft systems, are driving the aviation industry's trend toward more electric technology. Throughout the projection years, the aircraft electrical power systems industry is anticipated to be driven by a persistent focus on these factors.
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