Global aircraft electrical systems market share estimated at $28.32 billion by 2028, at a CAGR of 6.5%: Polaris Market Research

According to the research report, the global aircraft electrical systems market share is expected to reach USD 28.32 billion by 2028, growing at a CAGR of 6.5% during the forecast period.

According to the research report, the global aircraft electrical systems market share is expected to reach USD 28.32 billion by 2028, growing at a CAGR of 6.5% during the forecast period.

An aircraft electrical system is a system of independent components that transmits, generates, uses, distributes and stores electrical energy. An electrical system is an essential and integral component of aircraft designs. The complexity and capacity of the electrical system differs dramatically between a piston-powered, light, single-engine general aviation aircraft and a modern commercial multi-engine jet aircraft.

The aircraft electrical systems market has been negatively impacted by the covid-19 pandemic. Due to air travel restrictions and border closures around the world, several companies in the aircraft electrical systems market have been forced to halt manufacturing. This gap in business operations is frontal, impacting market revenue. Although a handful of industries continued operations, the slowdown in the supply of raw materials limiting the supply of produced goods has completed production and reduced capacity utilization rates.

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Important Questions Answered by the Market Report

  • What is the current size of the aircraft electrical supplemental systems market?
  • What is the impact of covid-19?
  • What are some technological advancements in the aircraft electrical systems market?
  • Who are the main players involved in the business?
  • Which regions are expected to hold the highest market share?
  • What market dynamics affect the company the most?
  • What are the elements driving the growth of the market?

The Aircraft Electrical Systems Market: Growth Factors

The key element driving the market is acquiring more electrical systems in the aircraft instead of using a traditional electrical system. In conventional electric systems, hydraulics perform many operations to set in motion the flight control operations, landing gear, and power generation management of the aircraft. But the traditional methods are important and lead to the increase in the mass of the aircraft. Thus the system implements a distributed electrical system to control the flight operations. The design is lightweight and practical, which reduces maintenance and aircraft weight.

The advancement of technology in power electronic systems and the need to advance fuel cells to reduce emissions will create an opportunity for manufacturers of aircraft electrical systems. Manufacturers are investing excessively in opening new factories and determining technologies to improvise additional aircraft electrical systems. During their research, manufacturers generate virtual aircraft, which helps speed up the development of the process and potentially reduce OEM costs by reducing the need for airframe testing and engine power systems. .

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Main market players

  • Acme Aerospace Inc.
  • Avionics Instruments LLC
  • AMETEK Inc.
  • Amphenol Corporation
  • Astronic Society
  • BAE systems
  • Carlisle Interconnect Technologies
  • Collins Aerospace
  • Aerospace & Electronics Crane
  • Delorean Aerospace LLC
  • Eagle Picher Technologies
  • Esterline Technologies
  • GE Aviation
  • Hartzell Engine Technologies LLC
  • Honeywell International
  • Meggitt plc
  • AEROSPACE PBS
  • Pioneer Magnetics
  • Radiant Power Corp.
  • Safran S.A.
  • Thales Group

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Global Aircraft Electrical Systems Market: Scope of the Report

Report attribute

Details

Market Size Value 2020

$19.37 billion

Market Outlook for 2028

$28.32 billion

Expected CAGR Growth

CAGR 6.5% from 2021 to 2028

Year of reference

2020

forecast year

2021 – 2028

Main market players

Acme Aerospace Inc. & Avionic Instruments, LLC, AMETEK Inc., Amphenol Corporation, Astronics Corporation, BAE Systems, Carlisle Interconnect Technologies, Collins Aerospace, Crane Aerospace & Electronics, Delorean Aerospace LLC, EaglePicher Technologies, Esterline Technologies, GE Aviation, Hartzell Engine Technologies LLC, Honeywell International, Meggitt plc, PBS AEROSPACE, Pioneer Magnetics, Radiant Power Corp, Safran SA, Thales Group

Segments Covered

By Airplane, By System, By Component, By Application, By Region

Geographical areas covered

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Personalization options

Custom purchase options are available to meet your research needs.

Global Aircraft Electrical Systems Market: Key Segmentation

According to components, the market is divided into generators, relays, suppliers, conversion components, circuit breakers, batteries and others. The aeronautical electrical systems market is dominated by the generator segment. Generators are an important source of electrical energy. Generators transform mechanical energy into electrical energy and are found in light aircraft. Based on application, the market is divided into flight control, power generation management, cabin system, flight control and operation, air pressurization and conditioning, and configuration management. The power generation management system involves an electrical distribution network that provides precise management and protection of an aircraft against electrical loads and improved flight safety. Based on the airplane, the commercial airplane holds strong dominance. It offers a good growth trajectory and is witnessing a limited shift from conventional pneumatic to hydraulic to electric components, which is supporting the power demand and finally pushing the electric systems market. According to the system, the power generation segment is dominant. The advancement of high-confidence motors and the growing demand for efficiency support the need for power, stability in motor control, and highly integrated electrical power generation systems.

Based on the region, North America is emerging as the nation to lead the aircraft electrical systems market. The supremacy of this region is due to the improvement of the domestic air network, the development of defense expenditure and an increasing number of air passengers. In addition, the market in Europe will experience substantial growth. The result is due to the growing demand for light aircraft from countries such as France, the United Kingdom and Germany. For commercial aircraft, the aviation industry in the UK is acquiring advanced power management solutions.

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The market is primarily split into Aircraft, Systems, Components, Applications and Regions

Aircraft Electrical Systems Market: By Aircraft Outlook

  • Narrow-body aircraft
  • Wide-body aircraft
  • Regional aircraft
  • general aviation
  • Helicopter
  • military aircraft

Aircraft Electrical Systems Market: By System Outlook

  • energy production
  • Energy distribution
  • Power conversion and storage

Aircraft Electrical Systems Market: Outlook by Component

  • Generators
  • Relays and contactors
  • Conversion components
  • circuit breakers
  • Drums
  • Others

Aircraft Electrical Systems Market: Outlook by Application

  • energy production
  • Cabin operations
  • Configuration Management
  • Utility Management
  • Others

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