Aircraft Electrical Systems Market Research Reportβ€”Global Forecast till 2027

Global Aircraft Electrical Systems Market Research Report: Information by System (Power Generation, Power Distribution, Power Conversion, and Energy Storage), Component (Generators, Distribution Devices, Conversion Devices, and Battery Management Systems), Application (Power Generation Management, Cabin System, Flight Control & Operation, Configuration Management, and Air Pressurization & Conditioning), Platform (Commercial Aviation and Military Aviation), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin...

ID: MRFR/A&D/9083-HCR | July 2021 | Region: Global | 174 Pages         

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Aircraft Electrical SystemsMarket, bySystem

1.1.2. Global Aircraft Electrical Systems Market, byComponent

1.1.3. Global Aircraft Electrical Systems Market, byApplication

1.1.4. Global Aircraft Electrical Systems Market, byPlatform

1.1.5. Global Aircraft Electrical Systems Market, byRegion

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increase in Demand for New Aircrafts Worldwide

5.2.2. Rise in Demand for Electric Aircrafts for Commercial Aviation

5.2.3. Drivers Impact Analysis

5.3. Restraints

5.3.1. Lack of Aviation Infrastructure in the Asian economies

5.3.2. Restraints Impact Analysis

5.4. Opportunities

5.4.1. Technological Advancements in Aircraft ElectricalSystems

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Intensity of Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Aircraft Electrical Systems Market, by System

7.1. Introduction

7.2. Power Generation

7.3. Power Distribution

7.4. Power Conversion

7.5. Energy Storage

8. Global Aircraft Electrical Systems Market, by Component

8.1. Introduction

8.2. Generators

8.3. Distribution Devices

8.4. Conversion Devices

8.5. Battery Management Systems

9. Global Aircraft Electrical Systems Market, by Application

9.1. Introduction

9.2. Power Generation Management

9.3. Cabin System

9.4. Flight Control & Operation

9.5. Configuration Management

9.6. Air Pressurization & Conditioning

10. Global Aircraft Electrical Systems Market, by Platform

10.1. Introduction

10.2. Commercial Aviation

10.3. Military Aviation

11. Global Aircraft Electrical Systems Market, by Region

11.1. Introduction

11.2. North America

11.2.1. US

11.2.2. Canada

11.3. Europe

11.3.1. UK

11.3.2. Germany

11.3.3. France

11.3.4. Italy

11.3.5. Rest of Europe

11.4. Asia-Pacific

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. Australia

11.4.5. Rest of Asia-Pacific

11.5. Middle East & Africa

11.5.1. Saudi Arabia

11.5.2. UAE

11.5.3. Rest of Middle East & Africa

11.6. Latin America

11.6.1. Brazil

11.6.2. Rest of Latin America

12. Competitive Landscape

12.1. Competitive Overview

12.2. Competitor Dashboard

12.3. Major Growth Key Strategies in the Global Aircraft Electrical Systems Market

12.4. Competitive Benchmarking

12.5. Market Share Analysis

12.6. Leading Player in Terms of the Number of Developments in the Global Aircraft Electrical Systems Market

12.7. Key Developments & Growth Strategies

12.7.1. New ProductDevelopment/Service/Component Launches

12.7.2. Mergers& Acquisitions

12.7.3. Joint Ventures

13. Company Profiles

13.1. Key Market Players

(Company overview, financial updates, products & service offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)

13.1.1. Safran

13.1.2. AMETEK, Inc.

13.1.3. Esterline Technologies

13.1.4. GE Aviation

13.1.5. Astronics Corporation

13.1.6. Honeywell International Inc.

13.1.7. Thales Group

13.1.8. Raytheon Technologies Corporation

13.1.9. Meggitt

13.1.10. Amphenol Corporation

13.2. Other Key Market Players

13.2.1. PBS Aerospace

13.2.2. Nabtesco Corporation

13.2.3. Crane Aerospace & Electronics

13.2.4. Hartzell Engine Technologies

13.2.5. Avionic Instruments, LLC

13.2.6. Pioneer Magnetics

13.2.7. Carlisle Interconnect Technologies

13.2.8. Radiant Power Corporation

13.2.9. BAE Systems

13.2.10. Eaglepicher Technologies, LLC

14. Appendix

14.1. References

14.2. Related Reports

14.3. List of Abbreviations 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR AIRCRAFT ELECTRICAL SYSTEMS (2016–2021)

TABLE 3 SYSTEM: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, 2020–2027 (USD MILLION)

TABLE 4 COMPONENT: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, 2020–2027 (USD MILLION)

TABLE 5 APPLICATION: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, 2020–2027(USD MILLION)

TABLE 6 PLATFORM: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, 2020–2027 (USD MILLION)

TABLE 7 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 11 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 12 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 13 US: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 14 US: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 15 US: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 16 US: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 17 CANADA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 18 CANADA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 19 CANADA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 20 CANADA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 21 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 22 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 23 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 24 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 25 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 26 UK: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 27 UK: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 28 UK: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 29 UK: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 30 GERMANY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 31 GERMANY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 32 GERMANY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 33 GERMANY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 34 FRANCE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 35 FRANCE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 36 FRANCE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 37 FRANCE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 38 ITALY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 39 ITALY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 40 ITALY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 41 ITALY: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 42 REST OF EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 43 REST OF EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 44 REST OF EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 45 REST OF EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 46 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 47 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 48 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 49 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 50 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 51 CHINA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 52 CHINA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 53 CHINA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 54 CHINA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 55 INDIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 56 INDIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 57 INDIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 58 INDIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 59 JAPAN: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027(USD MILLION)

TABLE 60 JAPAN: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 61 JAPAN: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 62 JAPAN: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 63 AUSTRALIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 64 AUSTRALIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 65 AUSTRALIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 66 AUSTRALIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 67 REST OF ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 68 REST OF ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 69 REST OF ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 70 REST OF ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 71 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 72 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 73 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 74 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 75 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 76 SAUDI ARABIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 77 SAUDI ARABIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 78 SAUDI ARABIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 79 SAUDI ARABIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 80 UAE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 81 UAE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 82 UAE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 83 UAE: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 84 REST OF THE MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 85 REST OF THE MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 86 REST OF THE MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 87 REST OF THE MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 88 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 89 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 90 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 91 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 92 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 93 BRAZIL: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 94 BRAZIL: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 95 BRAZIL: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 96 BRAZIL: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 97 REST OF LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2027 (USD MILLION)

TABLE 98 REST OF LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT,2020–2027 (USD MILLION)

TABLE 99 REST OF LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 100 REST OF LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2027 (USD MILLION)

TABLE 101 THE MOST ACTIVE PLAYERS IN THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

TABLE 102 CONTRACTS & AGREEMENTS

TABLE 103 MERGERS & ACQUISITIONS

TABLE 104 PRODUCT DEVELOPMENTS

TABLE 105 EXPANSIONS & INVESTMENTS

TABLE 106 JOINT VENTURES & PARTNERSHIPS

 

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY SYSTEM

FIGURE 4 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY PLATFORM

FIGURE 5 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY APPLICATION

FIGURE 5 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY PLATFORM

FIGURE 6 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR AIRCRAFT ELECTRICAL SYSTEMSSYSTEMS

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 20 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY SYSTEM, 2020 (% SHARE)

FIGURE 21 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY PLATFORM, 2020 (% SHARE)

FIGURE 22 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY APPLICATION, 2020 (% SHARE)

FIGURE 23 GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 LATIN AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 33 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

Aircraft Electrical Systems Market

Aircraft Electrical Systems Market In On A Valuation Of 19,344 Million By 2030, Global Market Is Likely To Grow at a Global CAGR Of 6.8% by 2020-2030

Segmentation

By System Power Generation Power Distribution Power Conversion And Energy Storage
By Component Generators Distribution Devices Conversion Devices And Battery Management Systems
By Application Power Generation Management Cabin System Flight Control & Operation Configuration Management And Air Pressurization & Conditioning
By Platform Commercial Aviation And Military Aviation

Key Players

  • Safran (France)
  • AMETEK Inc. (US)
  • Esterline Technologies (US)
  • GE Aviation (US)
  • Astronics Corporation (US)
  • Honeywell International Inc. (US)
  • Thales Group (France)
  • Raytheon Technologies Corporation (US)
  • Meggitt (UK)
  • Amphenol Corporation (US)

Drivers

  • Increase in Demand for New Aircraft Worldwide Rise in Demand forElectric Aircraftfor Commercial Aviation
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Market Overview


The global aircraft electrical systems market is projected to register a CAGR of 6.40% during the forecast period. An aircraft electrical system includes generators, distribution devices, conversion devices, and battery management systems. These systems together are used to generate, transmit, distribute, use, and store electrical energy.


The global aircraft electrical systems market has witnessed high growth in recent years due to theincrease in demand for new aircraft worldwide and the rise in demand for electric aircraft for commercial aviation.However, the lack of aviation infrastructure in the Asian economiesis expected to restrain the market growth to some extent.


COVID-19 Analysis


The adverse impact of COVID-19 on the aerospace & defense sector is likely to halt the growth of the globalaircraft electrical systems market over the next few years. The aviation industry has witnessed an unprecedented decline since the beginning of the pandemic. The outbreak of the virus has significantly impacted airline companies. The number of scheduled flights worldwide for the week starting 4th January 2021 was 43.5% lower than that of the week starting 6th January 2020. Due to this drastic decrease in air passenger traffic globally, the revenues of airline companies declined in 2020. The aviation industry has witnessed little to no growth as compared to the previous year. The decline in air passenger revenues is also expected to decrease the demand for new aircraft by the airline companies during this year. Moreover, there will be delays in aircraft deliveries by aircraft manufacturers such as Airbus SAS and Boeing. Thus, delays in aircraft delivery and a decrease in aircraft operations are reducing the demand for aircraft electrical systems.


Despite the COVID-19 crisis, the outlook remains positive and constrained by several factors, such as the COVID-19 curve, vaccination rate, and economic recovery. Governments across the world are working in close collaboration with the vaccine manufacturers for rapid vaccine rollout. With these constraints being short-term in nature and the long-term growth drivers still being relevant, the aviation industry is expected to bounce back to pre-pandemic growth levels in a couple of years. Therefore, the COVID-19 impact on the global aircraft electrical systems market is expected to be short-term and recover in the next couple of years.


Market Dynamics


Drivers


  • Increase in Demand for New Aircraft Worldwide


Over the past decade, the demand for new aircraft has significantly risen across the world, primarily due to the increasing air passenger traffic. Globally, air passenger traffic has increased significantly in recent years. Before the pandemic hit, air passenger traffic was witnessing significant growth.As per International Civil Aviation Organization (ICAO), the air passenger traffic across scheduled flights rose to 4.5 billion in 2019, witnessing a 3.6% growth compared to 2018.


In April 2021, Boeing Company, one of the world’s largest aerospace and defense companies, in its annual commercial market outlook (CMO) forecasted the demand for over 2,200 new jet planes over the next two decades in India alone. The company ascribed this demand to strong aviation growth and the expanding middle-income class in the country. The company added that despite the near-term challenges posed by the pandemic, the passenger traffic growth is expected to be higher than the global average and get almost double as compared to pre-pandemic levels by 2030. With a rise in per capita disposable incomes, passenger traffic related to leisure and business activities is expected to grow in the future. By 2039, the company anticipates a four-fold growth in India’s commercial fleet, owing to increasing demand for domestic, regional, and long-haul travel. Therefore, an increase in air passenger traffic is the key factor responsible for the growth of the demand for aircraft electrical systems.


Opportunities


  • Technological Advancements in Aircraft Electrical Systems


Over the past decade, the more electric aircraft (MEA) concept has propelled the need for advanced aircraft electrical systems in terms of efficiency, safety, and low overall system weight. Additionally, there has been a rise in the demand for hybrid electric and fully electric aircraft to deal with the growing environmental concerns posed by the rising number of aircraft.


Aircraft manufacturers have been working closely with leading aircraft electric systems manufacturers on several innovative projects to design and develop such systems. Thus, the demand for technologically advanced aircraft electrical systems for hybrid electric and fully electric aircraft presents lucrative growth opportunities for the players operating in the global aircraft electrical systems market.


Restraints


  • Lack of Aviation Infrastructure in Leading Asian Economies


The major economies in Asia-Pacific, such as China and India, have witnessed a considerable rise in the disposable incomes of their emerging middle-class population over the last decade. As a result, the standard of living in these countries has significantly improved, and the travel industry was booming until the emergence of the COVID-19 pandemic.With growth factors still relevant and the aviation sector expected to recover and reach pre-pandemic levels in a couple of years, the air travel industry is expected to grow considerably during the forecast period.


Additionally, the investments made by the governments in such countries towards aviation infrastructural growth have not been enough to keep up with the rapidly increasing air passenger traffic in the aviation sector. Aviation infrastructure primarily comprises airports, aircraft, and air traffic control systems. The potential growth of the aviation industry in these economies is constrained by the lack of aviation infrastructure, there by restricting the growth in the demand for new aircraft and associated electrical systems as well. Thus, the lack of aviation infrastructure is expected to restrict the growth of the aircraft electrical systems market during the forecast period.


Cumulative Growth Analysis


  • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate


The global aircraft electrical systems market is forecasted to register a growth rate of 6.4% over the analysis period (between 2021 and 2027) on account of thehigh demand for new aircraft deliveries.


Segment Overview


Increasing Focus on Operational Efficiency of Energy Storage Systems to Drive their Market Growth


The aircraft electrical systems market, by system, has been segmented into power generation, power distribution, power conversion, and energy storage. The major players in the aircraft electrical systems market have been working on designing and developinglightweight and high-quality energy storage systems. Aircraft manufacturers are working in close collaboration with the aircraft electrical systems providers on the operational efficiency of energy storage systemsto optimize the operational performance of hybrid electric and fully electricaircraft. As a result, the demand for the aircraft electrical systems market in the energy storage segment is projected to grow at a notable rate during the studyperiod.


Growing Demand for Ruggedized Uninterruptible Power Systems to Generate Strong Demand for Battery Management Systems


Bycomponent, the global aircraft electrical systems market is segmented into generators, distribution devices, conversion devices, and battery management systems.The battery management systems segment is expected to have considerable growth during the forecast period, owing to the growing demand forruggedized uninterruptible power systems.


Regional Analysis


North America Expected to Focus on Fleet Simplification Leading to More Aircraft Deliveries


The aviation industry in the region is characterized by stake acquisition in other airlines (partly or wholly) and rising alliance partnerships & joint ventures, thereby enabling the carriers in the region to increase their global footprint. Over the next two decades, the air passenger traffic growth is expected to grow at 2.7%, while the fleets of the carriers are likely to register a growth rate of 1.7%. Due to the growing air passenger traffic and airline fleets, the demand for almost 9,000 new passenger aircraft is forecasted over the next two decades. Moreover, an increasing number of collaborations between aircraft electrical systems manufacturers and aircraft manufacturers to optimize the operational efficiency of aircraft electrical systems is expected to significantly contribute to the market growth.Thus, the North Americanaircraft electrical systems market is estimated to register strong growth during the forecast period.


APAC Races Ahead at the Fastest Rate as China and India Take the Lead


Asia-Pacific aircraft electrical systems market is forecasted to grow at the fastest rate, owing to the rising demand for new aircraft in the region. Asia-Pacific is the most diverse and the largest region in the world, comprising of key established and emerging economies. The region consists of five sub-regions, namely China, Oceania, Northeast Asia, Southeast Asia, and South Asia; the aviation sectors of all these sub-regions have their ownunique market dynamics. The aviation industries in China, South Asia, and Southeast Asia have a strong growth rate, while those of Oceania and Northeast Asia have a relatively slower growth rate.


The Asia-Pacific region has been primarily responsible for sturdy air passenger traffic growth worldwide over the past decade. The air passenger traffic in the region had an annual growth rate of 8.3%, which is way above the 6.5% global growth rate. In 2019, the global share of intra-Asia air travel was 25%, which is expected to reach 32% by 2039. Over the next two decades, the region is expected to account for over 17,000 new passenger airplane deliveries, which is calculated to be about 41% of the global deliveries. This forecasted demand will drive the mean annual air traffic growth of 5.1% and 4.3% fleet growth for airlines in the region during the next two decades. Thus, the Asia-Pacific aircraft electrical systems market is expected to grow at a rate significantly faster than other regions during the forecast timeline.


Competitive Landscape


Significant Investments by Players to Intensify Competition


The aircraft electrical systems market is expected to grow significantly in the coming years due to the increase in demand for new aircraft worldwide and the rise in demand for electric aircraft for commercial aviation. The global aircraft electrical systems market is characterized by the presence of several global and regional vendors. The market is highly competitive, with all the players trying to gain maximum market share. Frequent changes in government policies, intense competition, and government regulations are the key factors that impact global market growth. The vendors compete based on cost, product quality, and reliability.


List of Key Companies Covered in this Report



  • Safran (France)

  • AMETEK, Inc. (US)

  • Esterline Technologies (US)

  • GE Aviation (US)

  • Astronics Corporation (US)

  • Honeywell International Inc. (US)

  • Thales Group (France)

  • Raytheon Technologies Corporation (US)

  • Meggitt (UK)

  • Amphenol Corporation (US)


Recent Developments



  • April 2021 –AMETEK, Inc. acquired Abaco Systems, Inc., one of the leading suppliers of mission-critical embedded computing systems, in a cash transaction valued at USD 1.35 billion.

  • July 2020 –Astronics Corporation was awarded contracts from Bell Textron Inc., a subsidiary of Textron Inc., for the advancement of its CorePower airframe electrical generation & power distribution systems to support their long-term programs — Future Long-Range Assault Aircraft (FLRAA) and Future Attack Reconnaissance Aircraft (FARA).

  • February 2020 –AMETEK, Inc. acquired IntelliPower, one of the leading suppliers of ruggedized uninterruptible power systems that serve a wide variety of defense and industrial applications.

  • September 2019– Safran and the Boeing Company announced a joint investment in Electric Power Systems (EPS), a company that primarily deals with lightweight energy storage products providing high-quality power for aircraft. The joint investment was to help the company develop a highlyautomated manufacturing base capable of creating aviation-grade energy storage products. The investment was also meant to support the technological advancements towards the cost reduction of battery systems for electric aircraft.

  • June 2019 – Safran launched its complete range of electrical systems designed for hybrid electric and fully-electric aircraft. The range includes — the smart generators GENeUS, the smart batteries GENeUSPACK,a power management system GENeUSGRID, and the smart motors ENGINeUS – thereby covering the entire electric chain


Report Overview


Scope of the Report


The scope of the report highlights drivers, opportunities, restraints, and challenges surrounding the global market. With easy-to-comprehend segmentation that includes system, component, application, platform, and region, MRFR projections are based on historical and expected trends. Major firms active in the global market have been profiled and paired with the top strategies employed by them to remain competitive in the industry.


Segmentation Table



  • System

    • Power Generation

    • Power Distribution

    • Power Conversion

    • Energy Storage



  • Component

    • Generators

    • Distribution Devices

    • Conversion Devices

    • Battery Management Systems



  • Application

    • Power Generation Management

    • Cabin System

    • Flight Control & Operation

    • Configuration Management

    • Air Pressurization & Conditioning



  • Platform

    • Commercial Aviation

    • Military Aviation





Report Scope:
Report Attribute/Metric Details
  Market Size   
  CAGR   6.40% (2021–2027)
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    System, Component, Application, and Platform
  Geographies Covered    North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
  Key Vendors   Safran, AMETEK, Inc., Esterline Technologies, GE Aviation, Astronics Corporation, Honeywell International Inc., Thales Group, Raytheon Technologies Corporation, Meggitt, and Amphenol Corporation
  Key Market Opportunities   Technological advancements in aircraft electrical systems
  Key Market Drivers   Increase in Demand for New Aircraft Worldwide Rise in Demand forElectric Aircraftfor Commercial Aviation


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