Global Aircraft Electrical System Market Research Report: Forecast (2021-2026)
Market Definition
An Aircraft Electrical System comprises various components that produce, distribute, and store electric energy. Generators & alternators are the key components in aircraft to generate electricity.
The Global Aircraft Electrical System Market is projected to grow at a CAGR of around 7.90% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market is driven primarily by the rapidly increasing number of commercial aircraft, coupled with the growing demand for fighter jets, UAVs, and drones in the military of different countries to strengthen their national security, thereby soaring the need for aircraft with modern technology.
In addition, the constant technological advancements in aircraft electrical systems and the deployment of lightweight engines are also driving the market growth. Moreover, in 2018, the Government of India signed a deal with Russia to acquire S-400 surface-to-air defense system to strengthen its defense capabilities, thereby driving the market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR(2021-26) | 7.90% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Italy, France | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, Israel | |
| Key Companies Profiled | Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies, Honeywell, Meggitt, Thales Group, United Technologies Corporation, GE Aviation |
| Unit Denominations | USD Million/Billion |
Covid-19 Severely Impacted the Global Aircraft Electrical System Market
Market Segmentation
Based on the End User, the Global Aircraft Electrical System Market bifurcates into:
Of both, OEMs are anticipated to dominate the market with the largest share during the forecast period. It owes to massive investments by various countries in strengthening their aerial force leading to the increasing number of military jet deliveries. In addition, several initiatives to conduct research & development programs toward developing technologically advanced electrical systems & enhancing the power efficiency of the military aircraft shall further induce the demand for OEM-based aircraft electrical systems in the years to come.
On the other front, the demand for Aftermarket aircraft electrical systems is projected to witness significant growth during 2021-26 owing to commercial airlines & defense forces implementing numerous up- programs for upgrading old aircraft. Furthermore, the renewal contracts of fighter & business jets and UAVs & Drones shall also boost the market across the Aftermarket segment during the forecast period.
Generators to Lead the Global Aircraft Electrical System Market Through 2026
The high demand for Generators is primarily due to their mounting demand for different aircraft since they are the primary power source. Generators are powered by the aircraft engine and convert mechanical energy into electrical energy.
On the other front, the demand for Conversion Devices is anticipated to witness the highest growth rate in the coming years owing to their burgeoning use in aircraft to provide top-quality DC & AC power sources, states MarkNtel Advisors in their research report, “Global Aircraft Electrical System Market Analysis, 2021.”
Market Dynamics:
Key Drivers:
Possible Growth Restraints:
Regional Landscape
On the geographical front, the Global Aircraft Electrical System Market expands across:
Of them all, North America is projected to lead the market with the largest share in the forecast period. The regional market is driven principally by the growing number of air passengers, especially across the US & Canada, leading to increased air traffic and, in turn, boosting the market.
Additionally, the superior financial support by the governments of North American countries for the defense sector, coupled with the presence of leading market players & their substantial investments, shall also boost the regional market in the coming years. Besides, the rapidly growing demand for fuel-efficient & low-maintenance aircraft across the region and various improvements in the domestic airline networks are other critical aspects likely to drive the market in North America during 2021-26.
On the other hand, Europe is anticipated to witness significant market growth in the forecast period, owing to the increasing demand for lightweight aircraft, particularly across countries like the UK, Germany, and France. Furthermore, strategic investments by several private firms to advance the product developments in the aircraft electrical system shall also boost the European market.
Nonetheless, Asia-Pacific is expected to demonstrate the highest market growth rate in the coming years owing to the rapidly expanding aviation industries, especially in China, India, and Japan. In addition, the rising demand for commercial aircraft across China & India is also projected to fuel the market growth in Asia-Pacific over the forecast years.
Competitive Landscape
According to MarkNtel Advisors, the leading players in the Global Aircraft Electrical System Market are Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies, Honeywell, Meggitt, Thales Group, United Technologies Corporation, GE Aviation.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Aircraft Electrical System Market is projected to grow at a CAGR of around 7.90% during 2021-26.
A. OEMs are expected to hold the largest share of the Global Aircraft Electrical System Market during the forecast period.
A. North America shall continue dominating the Global Aircraft Electrical System Market with the largest share and present immense opportunities to the leading market players during 2021-26.
A. Massive expenditure by numerous countries on their defense sector to boost their aerial defense capabilities & strengthen overall national security are the prime aspects likely to drive the Global Aircraft Electrical System Market in the coming years.
A. After the upliftment of restrictions, the Global Aircraft Electrical System Market is gradually recovering from the losses. The leading market players are substantially investing in the digital transformation of aircraft electrical systems. Moreover, the up-gradation of the existing fleet with integrated systems shall also give the market a considerable boost in the years to come.
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Aircraft Electrical System Market Outlook, 2016-2026F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.2. Market Share and Analysis
4.2.1. By Components
4.2.1.1. Generators
4.2.1.1.1. Starter Generators
4.2.1.1.2. Auxiliary Power Unit (APU)
4.2.1.1.3. Integrated Device Generators (IDG)
4.2.1.1.4. Variable Speed Constant Frequency (VSCF) Generator
4.2.1.1.5. Generator Control Unit (GCU)
4.2.1.2. Conversion Devices
4.2.1.2.1. Inverter
4.2.1.2.2. Converter
4.2.1.2.3. Transformer Rectifier Unit (TRU)
4.2.1.3. Distribution Devices
4.2.1.3.1. Wires and Cables
4.2.1.3.2. Connectors and Connector Accessories
4.2.1.3.3. Busbars
4.2.1.4. Battery Management System
4.2.1.5. Others
4.2.2. By System
4.2.2.1. Power Generation
4.2.2.2. Power Distribution
4.2.2.3. Power Conversion
4.2.2.4. Energy Storage
4.2.3. By Platform
4.2.3.1. Commercial Aviation
4.2.3.2. Military Aviation
4.2.3.3. Business & General Aviation
4.2.4. By End User
4.2.4.1. OEM
4.2.4.2. Aftermarket
4.2.5. By Application
4.2.5.1. Power Generation Management
4.2.5.2. Flight Control & Operation
4.2.5.3. Cabin System
4.2.5.4. Configuration Management
4.2.5.5. Air Pressurization & Conditioning
4.2.6. By Region
4.2.6.1. North America
4.2.6.2. South America
4.2.6.3. Europe
4.2.6.4. Middle East & Africa
4.2.6.5. Asia-Pacific
4.2.7. By Company
4.2.7.1. Revenue Shares
4.2.7.2. Strategic Factorial Indexing
4.2.7.3. Competitor Placement in Markntel Quadrant
5. North America Aircraft Electrical System Market Outlook, 2016- 2026F
5.1. Market Size and Analysis
5.1.1. By Revenues
5.2. Market Share and Analysis
5.2.1. By Components
5.2.2. By System
5.2.3. By Platform
5.2.4. By End User
5.2.5. By Application
5.2.6. By Country
5.2.6.1. US
5.2.6.2. Canada
5.2.6.3. Mexico
5.3. The US Aircraft Electrical System Market Outlook, 2016-2026F
5.3.1. Market Size and Analysis
5.3.1.1. By Revenues
5.3.2. Market Share and Analysis
5.3.2.1. By Components
5.3.2.2. By System
5.3.2.3. By Platform
5.3.2.4. By End User
5.3.2.5. By Application
5.4. Canada Aircraft Electrical System Market Outlook, 2016-2026F
5.4.1. Market Size and Analysis
5.4.1.1. By Revenues
5.4.2. Market Share and Analysis
5.4.2.1. By Components
5.4.2.2. By System
5.4.2.3. By Platform
5.4.2.4. By End User
5.4.2.5. By Application
5.5. Mexico Aircraft Electrical System Market Outlook, 2016-2026F
5.5.1. Market Size and Analysis
5.5.1.1. By Revenues
5.5.2. Market Share and Analysis
5.5.2.1. By Components
5.5.2.2. By System
5.5.2.3. By Platform
5.5.2.4. By End User
5.5.2.5. By Application
6. South America Aircraft Electrical System Market Outlook, 2016- 2026F
6.1. Market Size and Analysis
6.1.1. By Revenues
6.2. Market Share and Analysis
6.2.1. By Components
6.2.2. By System
6.2.3. By Platform
6.2.4. By End User
6.2.5. By Application
6.2.6. By Country
6.2.6.1. Brazil
6.3. Brazil Aircraft Electrical System Market Outlook, 2016-2026F
6.3.1. Market Size and Analysis
6.3.1.1. By Revenues
6.3.2. Market Share and Analysis
6.3.2.1. By Components
6.3.2.2. By System
6.3.2.3. By Platform
6.3.2.4. By End User
6.3.2.5. By Application
7. Europe Aircraft Electrical System Market Outlook, 2016- 2026F
7.1. Market Size and Analysis
7.2. Market Size and Analysis
7.2.1. By Revenues
7.3. Market Share and Analysis
7.3.1. By Components
7.3.2. By System
7.3.3. By Platform
7.3.4. By End User
7.3.5. By Application
7.3.6. By Country
7.3.6.1. Germany
7.3.6.2. Italy
7.3.6.3. France
7.3.6.4. UK
7.3.6.5. Russia
7.4. Germany Aircraft Electrical System Market Outlook, 2016-2026F
7.4.1. Market Size and Analysis
7.4.1.1. By Revenues
7.4.2. Market Share and Analysis
7.4.2.1. By Components
7.4.2.2. By System
7.4.2.3. By Platform
7.4.2.4. By End User
7.4.2.5. By Application
7.5. Italy Aircraft Electrical System Market Outlook, 2016-2026F
7.5.1. Market Size and Analysis
7.5.1.1. By Revenues
7.5.2. Market Share and Analysis
7.5.2.1. By Components
7.5.2.2. By System
7.5.2.3. By Platform
7.5.2.4. By End User
7.5.2.5. By Application
7.6. France Aircraft Electrical System Market Outlook, 2016-2026F
7.6.1. Market Size and Analysis
7.6.1.1. By Revenues
7.6.2. Market Share and Analysis
7.6.2.1. By Components
7.6.2.2. By System
7.6.2.3. By Platform
7.6.2.4. By End User
7.6.2.5. By Application
7.7. UK Aircraft Electrical System Market Outlook, 2016-2026F
7.7.1. Market Size and Analysis
7.7.1.1. By Revenues
7.7.2. Market Share and Analysis
7.7.2.1. By Components
7.7.2.2. By System
7.7.2.3. By Platform
7.7.2.4. By End User
7.7.2.5. By Application
7.8. Russia Aircraft Electrical System Market Outlook, 2016-2026F
7.8.1. Market Size and Analysis
7.8.1.1. By Revenues
7.8.2. Market Share and Analysis
7.8.2.1. By Components
7.8.2.2. By System
7.8.2.3. By Platform
7.8.2.4. By End User
7.8.2.5. By Application
8. Middle East & Africa Aircraft Electrical System Market Outlook, 2016- 2026F
8.1. Market Size and Analysis
8.1.1. By Revenues
8.2. Market Share and Analysis
8.2.1. By Components
8.2.2. By System
8.2.3. By Platform
8.2.4. By End User
8.2.5. By Application
8.2.6. By Country
8.2.6.1. Saudi Arabia
8.2.6.2. UAE
8.2.6.3. Israel
8.3. Saudi Arabia Aircraft Electrical System Market Outlook, 2016-2026F
8.3.1. Market Size and Analysis
8.3.1.1. By Revenues
8.3.2. Market Share and Analysis
8.3.2.1. By Components
8.3.2.2. By System
8.3.2.3. By Platform
8.3.2.4. By End User
8.3.2.5. By Application
8.4. UAE Aircraft Electrical System Market Outlook, 2016-2026F
8.4.1. Market Size and Analysis
8.4.1.1. By Revenues
8.4.2. Market Share and Analysis
8.4.2.1. By Components
8.4.2.2. By System
8.4.2.3. By Platform
8.4.2.4. By End User
8.4.2.5. By Application
8.5. Israel Aircraft Electrical System Market Outlook, 2016-2026F
8.5.1. Market Size and Analysis
8.5.1.1. By Revenues
8.5.2. Market Share and Analysis
8.5.2.1. By Components
8.5.2.2. By System
8.5.2.3. By Platform
8.5.2.4. By End User
8.5.2.5. By Application
9. Asia-Pacific Aircraft Electrical System Market Outlook, 2016- 2026F
9.1. Market Size and Analysis
9.1.1. By Revenues
9.2. Market Share and Analysis
9.2.1. By Components
9.2.2. By System
9.2.3. By Platform
9.2.4. By End User
9.2.5. By Application
9.2.6. By Country
9.2.6.1. China
9.2.6.2. India
9.2.6.3. Japan
9.3. China Aircraft Electrical System Market Outlook, 2016-2026F
9.3.1. Market Size and Analysis
9.3.1.1. By Revenues
9.3.2. Market Share and Analysis
9.3.2.1. By Components
9.3.2.2. By System
9.3.2.3. By Platform
9.3.2.4. By End User
9.3.2.5. By Application
9.4. India Aircraft Electrical System Market Outlook, 2016-2026F
9.4.1. Market Size and Analysis
9.4.1.1. By Revenues
9.4.2. Market Share and Analysis
9.4.2.1. By Components
9.4.2.2. By System
9.4.2.3. By Platform
9.4.2.4. By End User
9.4.2.5. By Application
9.5. Japan Aircraft Electrical System Market Outlook, 2016-2026F
9.5.1. Market Size and Analysis
9.5.1.1. By Revenues
9.5.2. Market Share and Analysis
9.5.2.1. By Components
9.5.2.2. By System
9.5.2.3. By Platform
9.5.2.4. By End User
9.5.2.5. By Application
10. Global Aircraft Electrical System Market Policies, Regulations, Components Standards
11. Global Aircraft Electrical System Market Trends & Insights
12. Global Aircraft Electrical System Market Dynamics
12.1.Growth Drivers
12.2.Challenges
12.3.Impact Analysis
13. Global Aircraft Electrical System Market Hotspot and Opportunities
14. Global Aircraft Electrical System Market Key Strategic Imperatives for Success and Growth
15. Competitive Outlook
15.1.Competition Matrix
15.1.1. Components Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target Components
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2.Company Profiles (Business Description, Components Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Ametek
15.2.2. Safran
15.2.3. Astronics Corporation
15.2.4. Amphenol Corporation
15.2.5. Esterline Technologies
15.2.6. Honeywell
15.2.7. Meggitt
15.2.8. Thales Group
15.2.9. United Technologies Corporation
15.2.10. GE Aviation
16. Disclaimer
