Global Aircraft Electrical System

Global Aircraft Electrical System Market Research Report: Forecast (2021-2026)

By Component (Generators (Starter Generators, Auxiliary Power Unit (APU), Integrated Device Generators (IDG), Variable Speed Constant Frequency (VSCF) Generator, Generator Control Unit (GCU)), Convers Read more

  • Aerospace & Defense
  • Aug 2022
  • 241
  • AD10201

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

  • Last year, the Covid-19 pandemic catastrophically impacted most industries worldwide, and the Global Aircraft Electrical System Market was no exception.
  • To combat the virus spread, governments of different countries imposed stringent movement regulations, which introduced severe challenges like travel bans & disruptions in the commercial aircraft supply chain.
  • Further, travel restrictions resulted in a massive fall in revenue generation from air traffic and directly impacted the market.
  • However, the gradual upliftment of restrictions enabled the market to recover from the losses.
  • The leading players have started investing substantially in the digital transformation of aircraft electrical systems.
  • Moreover, the up-gradation of the fleet with integrated systems is expected to fuel the market growth in the coming years.

Market Segmentation

Based on the End User, the Global Aircraft Electrical System Market bifurcates into:

  • OEMs
  • Aftermarket

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:

  • Increasing inclination toward electric technology to optimize overall aircraft performance
  • Massive expenditure by numerous countries to strengthen their aerial defense & improve national security
  • Adoption of the 'More Electric System' in aircraft reducing the overall maintenance cost & weight of the aircraft
  • Rising demand for fighter jets from emerging economies owing to increasing territorial conflicts

Possible Growth Restraints:

  • The high cost of replacing conventional aircraft with electric technology
  • Soaring thermal management costs due to radiations arising from electrical systems
  • Existing backlogs of aircraft deliveries & electric failures that doubt the reliability of new electric systems

Regional Landscape

On the geographical front, the Global Aircraft Electrical System Market expands across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Aircraft Electrical System Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Aircraft Electrical System Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Aircraft Electrical System Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the surveys conducted during the Global Aircraft Electrical System Market study?

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

Global Aircraft Electrical System Market Segmentation