Product Code: A06200
The Aircraft Electrical System Market is likely to experience a significant growth rate of 6.2% from 2023-2032 owing to increase in demand for air travel, rise in development of electric and hybrid aircraft, and increase in integration of advanced avionics systems- Allied Market Research
In addition, aviation companies focus on the integration of upgraded aircraft electrical system components for improved performance, increased power output, and enhanced durability. For instance, in August 2023, European Union Aviation Safety Agency (EASA) announced the Hartzell Engine Tech supplemental type certificate (STC) approval of Plane-Power ALT-FLX alternator upgrades in a wide variety of piston-powered airplanes and helicopters. The STC approval signifies that aviation authorities, both in the U.S. (FAA) and the European Union (EASA), have recognized and authorized the use of advanced alternator upgrades in a variety of piston-powered airplanes and helicopters. Such upgrades reflect the broader trend of aircraft modernization and upgrades, contributing to the growth and evolution of the aircraft electrical system market.
The main function of a battery within an aircraft's electrical system is to store electrical energy for vital operations, particularly during crucial flight phases and emergency situations. In traditional aircraft, the battery is employed to energize the starter motor during the engine initiation process, supplying the initial electrical energy needed to rotate the engine's crankshaft until it achieves operational status. The demand for advanced battery technologies is on the rise due to the development and acceptance of electric and hybrid-electric aircraft. These batteries play a pivotal role as the primary energy source for electric propulsion systems, fostering the expansion of the battery market. Aircraft manufacturers are actively pursuing battery solutions that are both lightweight and possess high-energy density to improve overall efficiency and performance. The integration of advanced batteries, featuring enhanced energy density, becomes instrumental in extending flight ranges and reducing overall aircraft weight-critical considerations in the aviation sector. Continuous progress in battery technologies, such as lithium-ion and solid-state batteries, contributes to heightened energy density, faster charging capabilities, and improved safety features. These technological advancements play a key role in the widespread adoption of batteries across various aircraft applications.
In the aircraft electrical system, a generator plays a crucial role as a central component responsible for generating electrical power. The generator produces electrical energy by transforming mechanical energy, usually derived from the aircraft's engines. The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices.
The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices. This surge in electrical demand necessitates more robust and capable generators to ensure a stable and sufficient power supply. For instance, in June 2023, Safran Helicopter Engines entered a partnership with Electra.aero, Inc. (Electra) to collaborate on the development of a 600-kW electric turbogenerator propulsion system designed for Electra's innovative nine-passenger hybrid-electric short takeoff and landing (eSTOL) aircraft prototype. Such developments are expected to drive the growth of the market.
Electric bus commonly denotes a distribution system responsible for conveying electrical power to diverse components and systems within the aircraft. Functioning as a network or pathway, the electric bus facilitates the seamless flow of electrical energy, guaranteeing the provision of power to critical functions, equipment, and devices. The electric bus is a fundamental part of the aircraft's electrical architecture, facilitating the organized distribution of power to different subsystems. It helps manage and control the flow of electricity, ensuring that each component receives the appropriate voltage and current for its operation. The increasing focus on electric and hybrid-electric aircraft contributes to the demand for advanced electrical systems, including electric buses, to support these innovative propulsion technologies.
The development of high-performance, customized, and lightweight batteries enhances the efficiency of electric buses in aircraft electrical systems. For instance, Electropak Limited, a busbars manufacturer, offers custom busbars to various industries, including aerospace. These busbars are crucial components in the electrical power distribution system of an aircraft. The aircraft electrical system market is segmented on the basis of component, system, end use and region. Based on component, it is segmented into battery, generator, electric bus, and others. On the basis of system, it is classified into power generation, power distribution, power conversion, and energy storage. By end use, it is categorized into commercial, and defense. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the aircraft electrical system market include Safran Group, Amphenol Corporation, General Electric, Collins Aersopace, Astronics Corporation, Crane Aerospace & Electronics, AMETEK.Inc, PARKER HANNIFIN CORP, Thales Group, and Honeywell International Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft electrical system market analysis from 2022 to 2032 to identify the prevailing aircraft electrical system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aircraft electrical system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aircraft electrical system market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- SWOT Analysis
Key Market Segments
By Component
- Electric Bus
- Others
- Battery
- Generator
By System
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
By End Use
By Region
- North America
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Safran Group
- Astronics Corporation
- General Electric
- Amphenol Corporation
- Thales
- Honeywell International Inc.
- Crane Aerospace & Electronics
- PARKER HANNIFIN CORP
- AMETEK.Inc
- Collins Aersopace
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for air travel
- 3.4.1.2. Rise in development of electric and hybrid aircraft
- 3.4.1.3. Increase in integration of advanced avionics systems
- 3.4.2. Restraints
- 3.4.2.1. High initial investment and development cost
- 3.4.2.2. Constraints in the technologies related to aircraft batteries
- 3.4.3. Opportunities
- 3.4.3.1. Increase in demand for lightweight electrical systems
- 3.4.3.2. Rising demand for aircraft modernization and upgrades
CHAPTER 4: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Battery
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Generator
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Electric Bus
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY SYSTEM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Power Generation
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Power Distribution
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Power Conversion
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Energy Storage
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY END USE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Commercial
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Defense
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.3. Market size and forecast, by System
- 7.2.4. Market size and forecast, by End Use
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Component
- 7.2.5.1.2. Market size and forecast, by System
- 7.2.5.1.3. Market size and forecast, by End Use
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Component
- 7.2.5.2.2. Market size and forecast, by System
- 7.2.5.2.3. Market size and forecast, by End Use
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Component
- 7.2.5.3.2. Market size and forecast, by System
- 7.2.5.3.3. Market size and forecast, by End Use
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.3. Market size and forecast, by System
- 7.3.4. Market size and forecast, by End Use
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Component
- 7.3.5.1.2. Market size and forecast, by System
- 7.3.5.1.3. Market size and forecast, by End Use
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Component
- 7.3.5.2.2. Market size and forecast, by System
- 7.3.5.2.3. Market size and forecast, by End Use
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Component
- 7.3.5.3.2. Market size and forecast, by System
- 7.3.5.3.3. Market size and forecast, by End Use
- 7.3.5.4. Russia
- 7.3.5.4.1. Market size and forecast, by Component
- 7.3.5.4.2. Market size and forecast, by System
- 7.3.5.4.3. Market size and forecast, by End Use
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Component
- 7.3.5.5.2. Market size and forecast, by System
- 7.3.5.5.3. Market size and forecast, by End Use
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.3. Market size and forecast, by System
- 7.4.4. Market size and forecast, by End Use
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Component
- 7.4.5.1.2. Market size and forecast, by System
- 7.4.5.1.3. Market size and forecast, by End Use
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Component
- 7.4.5.2.2. Market size and forecast, by System
- 7.4.5.2.3. Market size and forecast, by End Use
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Component
- 7.4.5.3.2. Market size and forecast, by System
- 7.4.5.3.3. Market size and forecast, by End Use
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Component
- 7.4.5.4.2. Market size and forecast, by System
- 7.4.5.4.3. Market size and forecast, by End Use
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Component
- 7.4.5.5.2. Market size and forecast, by System
- 7.4.5.5.3. Market size and forecast, by End Use
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.3. Market size and forecast, by System
- 7.5.4. Market size and forecast, by End Use
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Component
- 7.5.5.1.2. Market size and forecast, by System
- 7.5.5.1.3. Market size and forecast, by End Use
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Component
- 7.5.5.2.2. Market size and forecast, by System
- 7.5.5.2.3. Market size and forecast, by End Use
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Component
- 7.5.5.3.2. Market size and forecast, by System
- 7.5.5.3.3. Market size and forecast, by End Use
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Honeywell International Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Safran Group
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Amphenol Corporation
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. General Electric
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Collins Aersopace
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Astronics Corporation
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Crane Aerospace & Electronics
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. AMETEK.Inc
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. PARKER HANNIFIN CORP
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Thales
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments