Market Overview:
The global aircraft electrical system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for civil and military aircraft across the globe. In addition, the increasing adoption of solid state power controllers (SSPCs) in aircraft electrical systems is also contributing to the growth of this market. However, factors such as high installation and maintenance costs are restraining the growth of this market. The global aircraft electrical system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into starter generator, transformer rectifier, contactors, SSPCs, batteries, and others.
Product Definition:
An aircraft electrical system is a system on an aircraft that provides power to the various electrical systems of the aircraft. The importance of an aircraft electrical system is that it provides power to the various systems on the aircraft so that they can function.
Starter Generator:
Starter generator is a power supply device used in aircraft electrical systems. It is an essential component of the electrical system since it provides initial DC voltage to start up all the other components in the aircraft. The starter generator output is connected to various devices such as battery monitoring equipment, fuel pumps, hydraulic systems and air conditioning compressors among others.
Transformer Rectifier:
The Transformer Rectifier is a power supply device that converts low voltage AC to high voltage DC and vice versa. It's main function is to step up or step down the voltages generated by the electrical systems in an aircraft. The TRC consists of two outputs, an input and output, with three wires namely yellow, black & white connected to it. The yellow & black wires are connected to the input terminals while the white wire connects with output terminal.
Application Insights:
The military aircraft segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing need for energy security, coupled with rising concerns regarding environmental pollution, has led to an increased focus on using alternative fuels and hybrid aircraft technologies in military planes. This trend is likely to drive demand for electrical systems from 2018 through 2030.
Civil Aircraft application segment accounted for a share of 55% of the total revenue in 2017 owing to increasing use of commercial aircraft across various regions including North America, Europe, Asia Pacific and Middle East & Africa. In addition, growing air passenger traffic has resulted in increased utilization of commercial airplanes across major airports globally which further drives demand for electrical systems over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for commercial aircraft as well as military aircraft in this region. China, India, Japan, South Korea and Taiwan are some of the major manufacturers operating in this region. Increasing number of manufacturing facilities along with rising investments by governments is also driving growth in this region.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the demand for aircraft electrical systems.
- Technological advancements: Aircraft electrical systems are becoming more advanced with each new generation of aircraft. This will lead to an increase in their demand over the forecast period.
- Replacement and retrofit opportunities: Airlines are increasingly replacing or retrofitting their older aircraft with newer, more fuel-efficient models that require more advanced electrical systems. This will provide growth opportunities for the market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Electrical System Market Research Report
By Type
Starter Generator, Transformer Rectifier, Contactors, Solid State Power Controllers, Batteries, Others
By Application
Civil Aircraft, Military Aircraft
By Companies
Hartzell Engine Technologies, Thales Group, Zodiac Aerospace, United Technologies Corporation, Crane Aerospace and Electronics, Astronics Corporation, Safran, GE Aviation, Honeywell International, Elbit Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Electrical System Market Report Segments:
The global Aircraft Electrical System market is segmented on the basis of:
Types
Starter Generator, Transformer Rectifier, Contactors, Solid State Power Controllers, Batteries, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hartzell Engine Technologies
- Thales Group
- Zodiac Aerospace
- United Technologies Corporation
- Crane Aerospace and Electronics
- Astronics Corporation
- Safran
- GE Aviation
- Honeywell International
- Elbit Systems
Highlights of The Aircraft Electrical System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Starter Generator
- Transformer Rectifier
- Contactors
- Solid State Power Controllers
- Batteries
- Others
- By Application:
- Civil Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Electrical System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The aircraft electrical system is the electrical system that powers and controls the aircraft. It includes everything from the batteries to the avionics.
Some of the key players operating in the aircraft electrical system market are Hartzell Engine Technologies, Thales Group, Zodiac Aerospace, United Technologies Corporation, Crane Aerospace and Electronics, Astronics Corporation, Safran, GE Aviation, Honeywell International, Elbit Systems.
The aircraft electrical system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aircraft Electrical System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aircraft Electrical System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aircraft Electrical System Market - Supply Chain
4.5. Global Aircraft Electrical System Market Forecast
4.5.1. Aircraft Electrical System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aircraft Electrical System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aircraft Electrical System Market Absolute $ Opportunity
5. Global Aircraft Electrical System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aircraft Electrical System Market Size and Volume Forecast by Type
5.3.1. Starter Generator
5.3.2. Transformer Rectifier
5.3.3. Contactors
5.3.4. Solid State Power Controllers
5.3.5. Batteries
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aircraft Electrical System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aircraft Electrical System Market Size and Volume Forecast by Application
6.3.1. Civil Aircraft
6.3.2. Military Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aircraft Electrical System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aircraft Electrical System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aircraft Electrical System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aircraft Electrical System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aircraft Electrical System Demand Share Forecast, 2019-2029
9. North America Aircraft Electrical System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aircraft Electrical System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aircraft Electrical System Market Size and Volume Forecast by Application
9.4.1. Civil Aircraft
9.4.2. Military Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aircraft Electrical System Market Size and Volume Forecast by Type
9.7.1. Starter Generator
9.7.2. Transformer Rectifier
9.7.3. Contactors
9.7.4. Solid State Power Controllers
9.7.5. Batteries
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aircraft Electrical System Demand Share Forecast, 2019-2029
10. Latin America Aircraft Electrical System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aircraft Electrical System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aircraft Electrical System Market Size and Volume Forecast by Application
10.4.1. Civil Aircraft
10.4.2. Military Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aircraft Electrical System Market Size and Volume Forecast by Type
10.7.1. Starter Generator
10.7.2. Transformer Rectifier
10.7.3. Contactors
10.7.4. Solid State Power Controllers
10.7.5. Batteries
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aircraft Electrical System Demand Share Forecast, 2019-2029
11. Europe Aircraft Electrical System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aircraft Electrical System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aircraft Electrical System Market Size and Volume Forecast by Application
11.4.1. Civil Aircraft
11.4.2. Military Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aircraft Electrical System Market Size and Volume Forecast by Type
11.7.1. Starter Generator
11.7.2. Transformer Rectifier
11.7.3. Contactors
11.7.4. Solid State Power Controllers
11.7.5. Batteries
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aircraft Electrical System Demand Share, 2019-2029
12. Asia Pacific Aircraft Electrical System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aircraft Electrical System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aircraft Electrical System Market Size and Volume Forecast by Application
12.4.1. Civil Aircraft
12.4.2. Military Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aircraft Electrical System Market Size and Volume Forecast by Type
12.7.1. Starter Generator
12.7.2. Transformer Rectifier
12.7.3. Contactors
12.7.4. Solid State Power Controllers
12.7.5. Batteries
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aircraft Electrical System Demand Share, 2019-2029
13. Middle East & Africa Aircraft Electrical System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aircraft Electrical System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aircraft Electrical System Market Size and Volume Forecast by Application
13.4.1. Civil Aircraft
13.4.2. Military Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aircraft Electrical System Market Size and Volume Forecast by Type
13.7.1. Starter Generator
13.7.2. Transformer Rectifier
13.7.3. Contactors
13.7.4. Solid State Power Controllers
13.7.5. Batteries
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aircraft Electrical System Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Aircraft Electrical System Market: Market Share Analysis
14.2. Aircraft Electrical System Distributors and Customers
14.3. Aircraft Electrical System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hartzell Engine Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thales Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zodiac Aerospace
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. United Technologies Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Crane Aerospace and Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Astronics Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Safran
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE Aviation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Elbit Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
