Market Overview:
The Global Onboard Power System Market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for on-board power systems in aircraft and ships applications. Additionally, the increase in demand for electric vehicles is also contributing to the growth of the global onboard power system market. On-Board AC Power Systems are expected to dominate the global onboard power system market during the forecast period owing to their high efficiency and low weight.
Product Definition:
An onboard power system (OPS) is a system that provides electrical power to a spacecraft or vehicle. The purpose of an OPS is to provide power for the systems on the spacecraft or vehicle, as well as to charge the batteries.
On-Board AC Power System:
On-board AC power system is used to provide electrical energy for the essential systems and equipment in a ship. It has been in use since ancient times, when ships were made of wood and sail powered them across the oceans. The on-board power system is an important part of any modern day cruise ship as it ensures that all critical systems are operational at all times, even if the main electricity supply gets disrupted.
On-Board DC Power System:
On-board DC Power System (DPS) is a self-contained power system used in marine applications. It provides an alternative source of electrical power for critical ship operations when main or back up batteries fail. On-board systems are installed on vessels that have no onshore electricity supply and can be operated without the vessel being connected to a shorepower system.
Application Insights:
Aircraft application segment accounted for the largest share of more than 50% in 2017. Aircraft require a reliable power source to operate the critical systems, such as flight control computers, lighting, and heating/ventilation system. Onboard AC Power System is used for powering up to 8 major electrical systems on an aircraft while DC Power System is preferred for powering up to 5 major electrical systems on an aircraft. Increasing demand from business aviation and air taxi services is expected to drive the market over the forecast period.
The ships application segment was valued at USD 1,227.1 million in 2017 owing to growing maritime trade across various regions coupled with increasing shipbuilding activities globally Onboard AC Power System is used for providing power supply required by several essential navigation and communication equipment while DC Power Systems are primarily employed offshore where there are no or limited land-based electricity supplies available Offshore applications include oil & gas production platforms, drilling rigs etc.
Regional Analysis:
The North American region dominated the global on-board power system market in terms of revenue share in 2016. The growth can be attributed to the presence of prominent players such as Honeywell International Inc.; General Electric; and Safran Group. These companies are engaged in extensive R&D activities for developing advanced on-board power systems for commercial aircraft, marine vessels, and space applications.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from emerging economies such as China and India. Increasing adoption of renewable energy sources along with rising awareness regarding OBS is further anticipated to drive regional market growth over the forecast period. Additionally, favorable government regulations aimed at promoting investments through FDI are projected to contribute toward industry expansion over the next eight years (from 2017 To 2030).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for onboard power systems.
- Growing popularity of solar energy: Solar energy is becoming increasingly popular due to its environmental benefits and cost-effectiveness. This is likely to drive the growth of the onboard power system market in the coming years.
- Proliferation of advanced technologies: Advancements in technology are leading to the development of new and innovative products, which are likely to fuel the growth of the onboard power system market in future years.
- Rising disposable income levels: Rising disposable income levels among consumers across regions are resulting in an increase in spending on luxury items such as cars with advanced features, including onboard power systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Onboard Power System Market Research Report
By Type
On-Board AC Power System, On-Board DC Power System
By Application
Aircraft, Ships, Others
By Companies
Siemens, Emerson, Delta (Eltek), GE, ABB, Jenoptik, Atlas Marine Systems, Thales Group, Lite-On Technology, Acbel Polytech, Salcomp, Fischer Panda
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Onboard Power System Market Report Segments:
The global Onboard Power System market is segmented on the basis of:
Types
On-Board AC Power System, On-Board DC Power System
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
Aircraft, Ships, Others
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:
- Siemens
- Emerson
- Delta (Eltek)
- GE
- ABB
- Jenoptik
- Atlas Marine Systems
- Thales Group
- Lite-On Technology
- Acbel Polytech
- Salcomp
- Fischer Panda
Highlights of The Onboard Power 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:
- On-Board AC Power System
- On-Board DC Power System
- By Application:
- Aircraft
- Ships
- Others
- 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 Onboard Power 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
An onboard power system is a self-contained electrical system that provides power to critical systems on a ship or aircraft.
Some of the key players operating in the onboard power system market are Siemens, Emerson, Delta (Eltek), GE, ABB, Jenoptik, Atlas Marine Systems, Thales Group, Lite-On Technology, Acbel Polytech, Salcomp, Fischer Panda.
The onboard power system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Onboard Power System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Onboard Power System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Onboard Power System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Onboard Power System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Onboard Power System Market Size & Forecast, 2018-2028
4.5.1 Onboard Power System Market Size and Y-o-Y Growth
4.5.2 Onboard Power System Market Absolute $ Opportunity
Chapter 5 Global Onboard Power System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Onboard Power System Market Size Forecast by Type
5.2.1 On-Board AC Power System
5.2.2 On-Board DC Power System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Onboard Power System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Onboard Power System Market Size Forecast by Applications
6.2.1 Aircraft
6.2.2 Ships
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Onboard Power System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Onboard Power System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Onboard Power System Analysis and Forecast
9.1 Introduction
9.2 North America Onboard Power System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Onboard Power System Market Size Forecast by Type
9.6.1 On-Board AC Power System
9.6.2 On-Board DC Power System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Onboard Power System Market Size Forecast by Applications
9.10.1 Aircraft
9.10.2 Ships
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Onboard Power System Analysis and Forecast
10.1 Introduction
10.2 Europe Onboard Power System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Onboard Power System Market Size Forecast by Type
10.6.1 On-Board AC Power System
10.6.2 On-Board DC Power System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Onboard Power System Market Size Forecast by Applications
10.10.1 Aircraft
10.10.2 Ships
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Onboard Power System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Onboard Power System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Onboard Power System Market Size Forecast by Type
11.6.1 On-Board AC Power System
11.6.2 On-Board DC Power System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Onboard Power System Market Size Forecast by Applications
11.10.1 Aircraft
11.10.2 Ships
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Onboard Power System Analysis and Forecast
12.1 Introduction
12.2 Latin America Onboard Power System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Onboard Power System Market Size Forecast by Type
12.6.1 On-Board AC Power System
12.6.2 On-Board DC Power System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Onboard Power System Market Size Forecast by Applications
12.10.1 Aircraft
12.10.2 Ships
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Onboard Power System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Onboard Power System Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Onboard Power System Market Size Forecast by Type
13.6.1 On-Board AC Power System
13.6.2 On-Board DC Power System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Onboard Power System Market Size Forecast by Applications
13.10.1 Aircraft
13.10.2 Ships
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Onboard Power System Market: Competitive Dashboard
14.2 Global Onboard Power System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Emerson
14.3.3 Delta (Eltek)
14.3.4 GE
14.3.5 ABB
14.3.6 Jenoptik
14.3.7 Atlas Marine Systems
14.3.8 Thales Group
14.3.9 Lite-On Technology
14.3.10 Acbel Polytech
14.3.11 Salcomp
14.3.12 Fischer Panda
