Robust Growth Ahead: Aircraft Electrical Systems Market Expected to Reach 7.9% CAGR by 2030

A Quick Overview of Aircraft Electrical Systems Market

The key object of this report on the Aircraft Electrical Systems Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Aircraft Electrical Systems Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Aircraft Electrical Systems Market Scenario:

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. The focus on reliability and security, rising spending by many nations to bolster their aerial defense, a shift toward More Electric Aircraft (MEA), rising air travel demand, growing use of unmanned aerial vehicles (UAVs), strict environmental regulations, etc. are some of the major factors driving the growth of the Aircraft Electrical Systems Market. Additionally, ongoing developments in power electronics, battery technology, and wiring materials are making it possible to create electrical components for airplanes that are lighter, more dependable, and more efficient. This makes it possible to install an aircraft electrical system that is more robust and adaptable.

Aircraft Electrical Systems Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

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.

Aircraft Electrical Systems Market Segmentation Analysis:

Aircraft Electrical Systems Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

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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Who are the Key Market Players in the Aircraft Electrical Systems Market?

In the fast-changing Aircraft Electrical Systems Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Aircraft Electrical Systems market ruling the industry are:

List of Key Companies Profiled:

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.

Global Aircraft Electrical Systems Recent Development:

July 2023: Crane Aerospace and Electronics has announced a partnership with Swedish electric aircraft manufacturer Heart Aerospace to define the power distribution system for Heart's ES-30 regional electric aircraft.

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