Aircraft Electrical Systems
Aircraft Electrical Systems Market Forecasts to 2030 - Global Analysis By Component (Battery Management Systems, Conversion Devices, Distribution Devices, Power Generators and Other Components), System, Aircraft Type, Technology, Application, End User and by Geography
According to Stratistics MRC, the Global Aircraft Electrical Systems Market is accounted for $19.79 billion in 2024 and is expected to reach $31.75 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Due to their ability to guarantee the correct operation of numerous crucial components, aircraft electrical systems are necessary for the safe and effective operation of contemporary aircraft. These systems produce, disperse, and control the electricity required to run avionics, lighting, communication, and navigational devices. Batteries, alternators or generators, and control panels that manage voltage and current are the usual components of aircraft electrical systems.
According to the Federal Aviation Administration (FAA), maintaining the integrity of aircraft electrical systems is crucial for ensuring flight safety and operational efficiency.
Market Dynamics:
Driver:
Emphasis on sustainability and fuel economy
Increased fuel efficiency and decreased environmental impact are demands placed on the aviation sector. In order to develop new propulsion technologies that promise lower fuel consumption and emissions like electric and hybrid-electric engines electric systems are essential. Moreover, there is an increasing need for sophisticated electrical systems to support these innovations as manufacturers and airlines make investments in environmentally friendly technologies and work to comply with global environmental regulations.
Restraint:
Exorbitant development and upkeep expenses
Large sums of money must be invested in the development, design, and maintenance of aviation electrical systems. These systems can be expensive due to the sophisticated materials and technology needed. The requirement for specialized personnel and continuous maintenance are other factors that raise operating costs. Additionally, smaller producers or operators may find it difficult to invest in cutting-edge electrical systems as a result of these difficulties.
Opportunity:
Developments in hybrid and electric aircraft
The market for aircraft electrical systems is expected to grow significantly with the development of electric and hybrid-electric aircraft. These cutting-edge aircraft greatly rely on sophisticated electrical systems for energy management, propulsion, and the incorporation of new technologies. Furthermore, there is an increasing opportunity for businesses to supply and develop electrical systems suited to these cutting-edge technologies as the aviation industry shifts towards more environmentally friendly and energy-efficient solutions.
Threat:
Cybersecurity and technological risks
Aircraft electrical systems are more susceptible to cybersecurity attacks and technological hazards as they become more sophisticated and networked. Aircraft systems are vulnerable to cyber attacks that compromise operational integrity and safety. Moreover, systems can easily become outdated due to the speed at which technology is developing, necessitating continuous investment in R&D to stay ahead of possible threats.
Covid-19 Impact:
Due to the sharp drop in air travel worldwide and the grounding of numerous aircraft, the COVID-19 pandemic had a significant effect on the aircraft electrical systems market. This resulted in a decrease in demand for new aircraft as well as a delay in maintenance and upgrades. The financial strain on the aviation sector led to a reduction in investments in new technologies and retrofitting projects. Furthermore, compounding the difficulties facing the market was manufacturing delays and supply chain disruptions that impacted the availability of essential components.
The Power Generators segment is expected to be the largest during the forecast period
The power generator segment holds the largest share in the aircraft electrical systems market. Power generators are essential because they supply the main electrical power required to run an aircraft's various systems. These generators provide the necessary power for avionics, lighting, and other vital components, guaranteeing the dependability and effectiveness of the aircraft's electrical system. Moreover, their commanding market position is a reflection of their essential function in aviation operations, where reliable and steady power generation is essential to both performance and safety.
The Cabin System segment is expected to have the highest CAGR during the forecast period
The cabin system segment holds the highest CAGR in the aircraft electrical systems market. Due to rising passenger expectations for improved comfort and cutting-edge amenities, this market is expanding quickly. Sophisticated lighting, climate control, and in-flight entertainment technologies are all included in modern cabin systems, which greatly enhance the traveller experience. The high growth rate is being driven by the significant investments made by airlines in these systems to set themselves apart from competitors and increase customer happiness.
Region with largest share:
North America has the largest market share in the aircraft electrical systems industry. The region's robust aerospace industry, which is marked by a high concentration of significant aircraft manufacturers, defense contractors, and a strong network of suppliers, is largely responsible for its dominance. North America's notable presence in the market is further reinforced by its leadership in technological innovation and large investments in the commercial and military aviation sectors. Furthermore, the area's leading position is further supported by its sophisticated infrastructure and dedication to maintaining and modernizing aircraft fleets.
Region with highest CAGR:
In the aircraft electrical systems market, the Middle East and Africa region is growing at the highest CAGR. The region's growing aviation industry is the main driver of this growth, with large investments being made in modernizing the fleet and building cutting-edge airport infrastructure. Advanced aircraft electrical systems are becoming more and more in demand due to the Middle East and Africa's strategic significance as a global transit hub as well as the growing focus on improving passenger comfort and operational efficiency.
Key players in the market
Some of the key players in Aircraft Electrical Systems market include Safran SA, Honeywell International Inc., GE Aviation, Astronics Corporation, Collins Aersopace, Esterline Technologies, Ametek, Inc., Thales Group, Crane Aerospace & Electronics, United Technologies Corporation (Collins Aerospace), Hartzell Engine Technologies LLC, PBS Aerospace Inc, Amphenol Corporation, Raytheon Technologies Corporation, Nabtesco Corporation, Meggitt PLC and Parker Hannifin Corp.
Key Developments:
In March 2024, GE Aerospace announced it has reached agreement with Ethiopian Airlines for 16 GE9X engines to power the airline’s new fleet of Boeing 777X aircraft, becoming the first GE9X customer in Africa. GE Aerospace is honored to power Ethiopian Airlines’ new Boeing 777X fleet with our latest generation technology GE9X engine, said Russell Stokes, President and CEO, Commercial Engines and Service, GE Aerospace.
In March 2024, Safran Aircraft Engines and the Qatar Armed Forces signed a Services Agreement to support M88 engines powering Qatar’s current fleet of 36 Rafale fighter aircraft. This Services Agreement provides the Qatar Armed Forces with a wide range of services, from spares, repairs and overhauls to detailed technical on-site support, optimizing maintenance operations with the customer.
In November 2023, Honeywell announced two agreements during the Dubai Airshow that will expand the company’s support network in the Middle East and North Africa. The 10-year deal with Saudia Technic covers a global license to service the 331-500 auxiliary power unit installed in the Boeing 777. The full-service MRO organization will become Honeywell’s first authorized service center in the Middle East for the 777's APU.
Components Covered:
• Battery Management Systems
• Conversion Devices
• Distribution Devices
• Power Generators
• Other Components
Systems Covered:
• Power Generation
• Power Distribution
• Power Conversion
• Energy Storage
Aircraft Types Covered:
• Fixed-Wing
• Rotary Wing
• Other Aircraft Types
Technologies Covered:
• Conventional
• Electric
• Other Technologies
Applications Covered:
• Power Generation Management
• Flight Control & Operation
• Cabin System
• Configuration Management
• Air Pressurization & Conditioning
• Other Applications
End Users Covered:
• Original Equipment Manufacturer (OEM)
• Maintenance, Repair and Overhaul (MRO)
• Aftermarket
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aircraft Electrical Systems Market, By Component
5.1 Introduction
5.2 Battery Management Systems
5.3 Conversion Devices
5.4 Distribution Devices
5.5 Power Generators
5.6 Other Components
6 Global Aircraft Electrical Systems Market, By System
6.1 Introduction
6.2 Power Generation
6.3 Power Distribution
6.4 Power Conversion
6.5 Energy Storage
7 Global Aircraft Electrical Systems Market, By Aircraft Type
7.1 Introduction
7.2 Fixed-Wing
7.2.1 Commercial Aviation
7.2.2 Military Aviation
7.2.3 Business & General Aviation
7.2.4 Fixed Wing UAVs
7.3 Rotary Wing
7.3.1 Civil Aviation
7.3.2 Military Aviation
7.3.3 General Aviation
7.3.4 Rotary Wing UAVs
7.4 Other Aircraft Types
8 Global Aircraft Electrical Systems Market, By Technology
8.1 Introduction
8.2 Conventional
8.3 Electric
8.3.1 Hybrid Electric
8.3.2 Fully Electric
8.4 Other Technologies
9 Global Aircraft Electrical Systems Market, By Application
9.1 Introduction
9.2 Power Generation Management
9.3 Flight Control & Operation
9.4 Cabin System
9.5 Configuration Management
9.6 Air Pressurization & Conditioning
9.7 Other Applications
10 Global Aircraft Electrical Systems Market, By End User
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Maintenance, Repair and Overhaul (MRO)
10.4 Aftermarket
10.5 Other End Users
11 Global Aircraft Electrical Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Safran SA
13.2 Honeywell International Inc.
13.3 GE Aviation
13.4 Astronics Corporation
13.5 Collins Aersopace
13.6 Esterline Technologies
13.7 Ametek, Inc.
13.8 Thales Group
13.9 Crane Aerospace & Electronics
13.10 United Technologies Corporation (Collins Aerospace)
13.11 Hartzell Engine Technologies LLC
13.12 PBS Aerospace Inc
13.13 Amphenol Corporation
13.14 Raytheon Technologies Corporation
13.15 Nabtesco Corporation
13.16 Meggitt PLC
13.17 Parker Hannifin Corp
List of Tables
1 Global Aircraft Electrical Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Aircraft Electrical Systems Market Outlook, By Component (2022-2030) ($MN)
3 Global Aircraft Electrical Systems Market Outlook, By Battery Management Systems (2022-2030) ($MN)
4 Global Aircraft Electrical Systems Market Outlook, By Conversion Devices (2022-2030) ($MN)
5 Global Aircraft Electrical Systems Market Outlook, By Distribution Devices (2022-2030) ($MN)
6 Global Aircraft Electrical Systems Market Outlook, By Power Generators (2022-2030) ($MN)
7 Global Aircraft Electrical Systems Market Outlook, By Other Components (2022-2030) ($MN)
8 Global Aircraft Electrical Systems Market Outlook, By System (2022-2030) ($MN)
9 Global Aircraft Electrical Systems Market Outlook, By Power Generation (2022-2030) ($MN)
10 Global Aircraft Electrical Systems Market Outlook, By Power Distribution (2022-2030) ($MN)
11 Global Aircraft Electrical Systems Market Outlook, By Power Conversion (2022-2030) ($MN)
12 Global Aircraft Electrical Systems Market Outlook, By Energy Storage (2022-2030) ($MN)
13 Global Aircraft Electrical Systems Market Outlook, By Aircraft Type (2022-2030) ($MN)
14 Global Aircraft Electrical Systems Market Outlook, By Fixed-Wing (2022-2030) ($MN)
15 Global Aircraft Electrical Systems Market Outlook, By Commercial Aviation (2022-2030) ($MN)
16 Global Aircraft Electrical Systems Market Outlook, By Military Aviation (2022-2030) ($MN)
17 Global Aircraft Electrical Systems Market Outlook, By Business & General Aviation (2022-2030) ($MN)
18 Global Aircraft Electrical Systems Market Outlook, By Fixed Wing UAVs (2022-2030) ($MN)
19 Global Aircraft Electrical Systems Market Outlook, By Rotary Wing (2022-2030) ($MN)
20 Global Aircraft Electrical Systems Market Outlook, By Civil Aviation (2022-2030) ($MN)
21 Global Aircraft Electrical Systems Market Outlook, By Military Aviation (2022-2030) ($MN)
22 Global Aircraft Electrical Systems Market Outlook, By General Aviation (2022-2030) ($MN)
23 Global Aircraft Electrical Systems Market Outlook, By Rotary Wing UAVs (2022-2030) ($MN)
24 Global Aircraft Electrical Systems Market Outlook, By Other Aircraft Types (2022-2030) ($MN)
25 Global Aircraft Electrical Systems Market Outlook, By Technology (2022-2030) ($MN)
26 Global Aircraft Electrical Systems Market Outlook, By Conventional (2022-2030) ($MN)
27 Global Aircraft Electrical Systems Market Outlook, By Electric (2022-2030) ($MN)
28 Global Aircraft Electrical Systems Market Outlook, By Hybrid Electric (2022-2030) ($MN)
29 Global Aircraft Electrical Systems Market Outlook, By Fully Electric (2022-2030) ($MN)
30 Global Aircraft Electrical Systems Market Outlook, By Other Technologies (2022-2030) ($MN)
31 Global Aircraft Electrical Systems Market Outlook, By Application (2022-2030) ($MN)
32 Global Aircraft Electrical Systems Market Outlook, By Power Generation Management (2022-2030) ($MN)
33 Global Aircraft Electrical Systems Market Outlook, By Flight Control & Operation (2022-2030) ($MN)
34 Global Aircraft Electrical Systems Market Outlook, By Cabin System (2022-2030) ($MN)
35 Global Aircraft Electrical Systems Market Outlook, By Configuration Management (2022-2030) ($MN)
36 Global Aircraft Electrical Systems Market Outlook, By Air Pressurization & Conditioning (2022-2030) ($MN)
37 Global Aircraft Electrical Systems Market Outlook, By Other Applications (2022-2030) ($MN)
38 Global Aircraft Electrical Systems Market Outlook, By End User (2022-2030) ($MN)
39 Global Aircraft Electrical Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2022-2030) ($MN)
40 Global Aircraft Electrical Systems Market Outlook, By Maintenance, Repair and Overhaul (MRO) (2022-2030) ($MN)
41 Global Aircraft Electrical Systems Market Outlook, By Aftermarket (2022-2030) ($MN)
42 Global Aircraft Electrical Systems Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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