Global Aircraft Electrical Systems Market Forecast to 2025 Featuring Leading Players - AMETEK, Safran, Astronics, Amphenol, Esterline Technologies , Honeywell, Meggitt, and Thales Group
DUBLIN, April 15, 2019 /PRNewswire/ -- The "Aircraft Electrical Systems Market by System, Component, Platform, End-User, Application & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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The aircraft electrical systems market size is projected to grow from USD 29.9 billion in 2019 to USD 41.7 billion by 2025, at a CAGR of 5.67% during the forecast period.
The latest advances in electric and electronics aircraft technologies offer significant opportunities to component manufacturers. Aircraft manufacturers are examining novel ways of power generation and distribution at various levels of the value chain. Complex embedded digital systems, distributed architectures, and increasing use of power electronics in the starter/generation system of the main engines are some of the technologies vying for space on forthcoming aircraft.
"Power generation management segment is projected to grow at the highest CAGR during the forecast period"
The power generation management segment is expected to be the fastest-growing application segment during the forecast period. The aircraft electrical system is one of the major driving forces in electric generation in aircraft. With the growing aircraft electrical system power levels, the diversity of the power generation types is increasing as well. Aircraft electrical systems set some challenges on the aircraft electrical system, both in terms of the amount of power required and the processing and management of this power.
"Commercial aviation segment is expected to account for the largest market share in 2019"
By platform, the commercial aviation segment is estimated to account for the largest market share in 2019. Strong growth in this sector has resulted in an increased number of aircraft orders to address the increasing air passenger traffic. An increase in the application scope of electric due to the aforementioned factors is expected to propel the aircraft electrical systems market growth during the forecast period.
"The Asia Pacific aircraft electrical systems market is projected to grow at the highest rate during the forecast period"
By region, the aircraft electrical systems market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, due to an increase in the number of military aircraft deliveries in the region. The rise in demand for low-cost carriers (LCCs) is one of the factors driving the growth of the aircraft electrical systems market in the Asia Pacific region.
With increasing affordability of air travel and relaxation in some government regulations, this region is procuring more LCCs. In addition, an increase in the expenditure of the aerospace & defense sector and expansion in airline networks in emerging nations like India and China have accelerated the demand for aircraft electrical systems.
AMETEK (US), Safran (France), Astronics Corporation (US), Amphenol Corporation (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), and Thales Group (France) are some of the leading players covered in the aircraft electrical systems market report.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advancements in High-Density Battery Solutions for Electric Aircraft
5.2.1.2 Optimized Aircraft Performance Through the Use of More Electric Technology
5.2.2 Opportunities
5.2.2.1 Lightweight Wiring in Aircraft Electrical Systems
5.2.2.2 Technological Advancements in Aircraft Electrical Systems
5.2.3 Challenges
5.2.3.1 Stringent Regulatory Norms
5.2.3.2 Power Density and Efficiency
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 No-Bleed Systems Aircraft Architecture
6.2.2 Hybrid Or Electric Propulsion System Design
6.2.3 Fuel Cell Technology
6.2.4 Electric Actuation System
6.3 Adoption of Electrical System By Various Aircraft Type
6.4 Innovation & Patent Registrations
7 Aircraft Electrical Systems Market, By End User
7.1 Introduction
7.2 Original Equipment Manufacturer (OEM)
7.2.1 Increasing Aircraft Deliveries are Expected to Drive the Demand for Aircraft OEM Services
7.3 Aftermarket
7.3.1 Increasing Aircraft Fleet Size is One of the Most Significant Fueling the Growth of Aftermarket
8 Aircraft Electrical Systems Market, By System
8.1 Introduction
8.2 Power Generation
8.2.1 Increasing Demand for More Electric Architecture Aircraft Fueling the Growth of the Power Generation Segment
8.3 Power Distribution
8.3.1 The Trend Towards Developing Electrical Components is Influencing the Growth of Power Distribution Segment
8.4 Power Conversion
8.4.1 Increase in Operational Efficiency & Reduction in Total Aircraft System Weight Drive the Demand for Power Conversion
8.5 Energy Storage
8.5.1 Increasing Use of Advanced Battery & Fuel Cell Systems Boosting the Demand for Energy Storage
9 Aircraft Electrical Systems Market, By Component
9.1 Introduction
9.2 Generators
9.2.1 Starter Generator
9.2.1.1 Key Market Players are Developing Starter Generators That Provide Advanced Performance, Reduced Maintenance, and Lower Costs of Operation
9.2.2 Auxiliary Power Unit (APU)
9.2.2.1 Key Market Players are Entering Into Joint Ventures to Design and Develop APUs
9.2.3 Integrated Drive Generator (IDG)
9.2.3.1 IDGs are Installed in Various Aircraft, Such as B747,B757, A320, and A330
9.2.4 Variable Speed Constant Frequency (VSCF) Generator
9.2.4.1 A380, A350, and B787 are Some of the Aircraft Using Variable Frequency Generators
9.2.5 Generator Control Unit (GCU)
9.2.5.1 GCU is Installed on Each Engine-Driven Generator and on the APU Generator
9.3 Conversion Devices
9.3.1 Inverter
9.3.1.1 Inverter is One of the Conversion Devices That Converts DC Into AC
9.3.2 Converter
9.3.2.1 Power Converters Provide High-Quality DC Electrical Power for Aerospace Networks
9.3.3 Transformer Rectifier Unit (TRU)
9.3.3.1 TRU Converts the 120v AC Power Generated By the Engine Or APU Generators
9.4 Distribution Devices
9.4.1 Wires & Cables
9.4.1.1 Shift Toward More Electric Aircraft has Increased Demand for Wires & Cables
9.4.2 Connectors & Connector Accessories
9.4.2.1 Increased Demand for Well-Connected Wiring Systems
9.4.3 Busbars
9.4.3.1 Increased Demand for Efficient Busbars
9.5 Battery Management Systems
9.5.1 Increasing Need for Technologically Advanced Batteries for More Electric Aircraft
9.6 Others
10 Aircraft Electrical Systems Market, By Application
10.1 Introduction
10.2 Power Generation Management
10.2.1 Increase in Electrical Power Requirements on Aircraft Fueling the Growth of the Power Generation Management Segment
10.3 Flight Control & Operation
10.3.1 Increasing Use of Hydraulic Power in Aircraft Engines Driving the Flight Control & Operations Segment
10.4 Cabin System
10.4.1 High Investments for Passenger Comfort is A Major Factor Driving the Cabin System Segment
10.5 Configuration Management
10.5.1 Increasing Production of Electrically Propelled Aircraft is Driving the Configuration Management Segment
10.6 Air Pressurization & Conditioning
10.6.1 Increasing Fuel Efficiency Drives the Air Pressurization & Conditioning Segment
11 Aircraft Electrical Systems Market, By Platform
11.1 Introduction
11.2 Commercial Aviation
11.2.1 Narrow Body Aircraft (NBA)
11.2.1.1 Advancements in the Hydraulic and Pneumatic Aircraft Systems are Driving the Demand for Narrow Body Aircraft
11.2.2 Wide Body Aircraft (WBA)
11.2.2.1 Increase in Passenger Travel has Raised the Demand for Wide Body Aircraft
11.2.3 Very Large Aircraft (VLA)
11.2.3.1 Increasing Demand for Fuel-Efficient Aircraft Drives the Very Large Aircraft Market
11.2.4 Regional Transport Aircraft (RTA)
11.2.4.1 Increase in the Use of Fly-By-Wire Technology Fueling the Demand for Regional Transport Aircraft, Worldwide
11.3 Military Aviation
11.3.1 Fighter Jets
11.3.1.1 Growing Procurement of Fighter Jets Due to Increasing Military Budgets
11.3.2 Transport Aircraft
11.3.2.1 Increasing Use of Transport Aircraft in Military Operations
11.3.3 Military Helicopters
11.3.3.1 Increasing Use of Helicopters in Combat and Search & Rescue Operations
11.3.4 Unmanned Aerial Vehicles
11.3.4.1 Increased Deployment of Uavs to Carry Out Aerial Remote Sensing
11.4 Business & General Aviation
11.4.1 Business Jets
11.4.1.1 Rising Number of Private Aviation Companies Across the Globe
11.4.2 Helicopters
11.4.2.1 Increasing Demand for Helicopters for Corporate and Civil Applications
12 Aircraft Electrical Systems OEM Market, By Region
13 Aircraft Electrical Systems Aftermarket, By Region
14 Competitive Landscape
14.1 Introduction
14.2 OEM Competitive Leadership Mapping
14.3 Ranking of Key Players, 2018
14.4 Competitive Scenario
15 Company Profiles
15.1 Ametek
15.2 Safran
15.3 Astronics Corporation
15.4 Amphenol Corporation
15.5 Esterline Technologies (Transdigm Group)
15.6 Honeywell
15.7 Meggitt
15.8 Thales Group
15.9 United Technologies Corporation
15.10 GE Aviation
15.11 Crane Aerospace & Electronics
15.12 Hartzell Engine Technologies
15.13 Pbs Aerospace
15.14 Nabtesco Corporation
15.15 Avionic Instruments, LLC
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