The electrical system is one of the most important and integral components of all aircraft designs. It is an independent network of the component that generates, utilize, distribute and store electrical energy. The capacity & complexity of the electrical system differs from single-engine aircraft to multi-engine aircraft. However, both the engine shares the same components of the electrical system. Usually, multiple engines have more complicated electrical systems with multiple voltage systems and a combination of DC and AC buses to power different aircraft units. Moreover, increasing adoption of electrical aircraft system instead of using hydraulics in aircraft, advancements in high-density electric aircraft battery solutions are some of the major factors which are driving the aircraft electrical system market growth. Honeywell International, Inc., Safran, Thales Group, UTC Aerospace System, Astronics Corp. and Crane Aerospace and electronics are the major player in the aircraft electrical system market. These players are continuously investing in R&D to develop aircraft electrical system with improving reliability and efficiency.
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The global aircraft electrical system market is segmented on the basis of technology and end-user. On the basis of technology, the market is further divided into power distribution, power generation, energy storage device and power conversion. Moreover, on the basis of end-user, the market is sub-segmented into commercial aviation, military aviation and business & general aviation. Based on region includes North America, Europe, Asia-Pacific and Rest of the world (RoW), the market is segmented. North American has significant growth in aircraft electrical system market due to the presence of aircraft electrical system manufacturers. Also, companies are moving towards more electric aircraft systems rather than using hydraulics is also one of the major factors driving the growth of the market in North America.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Aircraft Electrical System Market Segmentation
By Technology Type
- Power Distribution
- Power generation
- Energy Storage Device
- Power conversion
By End-User Type
- Commercial Aviation
- Military aviation
- Business & General Aviation
Aircraft Electrical System Market –Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East and Africa
- Latin America
The Report Covers
- Comprehensive research methodology of the global aircraft electrical system market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global aircraft electrical system market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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