Solid-state power controllers (SSPCs) are semiconductor devices that are used to manage the amount of power (voltage and current) delivered to a load. They're a key part of the aircraft's electrical power distribution systems, which are in charge of managing, switching, protecting, and isolating the aircraft's electrical circuits. In order to recognise overload conditions and prevent short circuits, they conduct supervisory and diagnostic activities. Because of their speedier operation and long service life, SSPCs have been replacing contactors and circuit breakers for circuit protection in recent years.
MARKET SCOPE
The "Global Aircraft Electrical Solid-State Power Controller (SSPC) Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Aircraft Electrical Solid-State Power Controller (SSPC) market with detailed market segmentation by phase type, aircraft type, fit type, and geography. The report provides key statistics on the market status of the leading Aircraft Electrical Solid-State Power Controller (SSPC) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Phase Type, the market is segmented into single phase and three phase.
- Based on Aircraft Type, the market is segmented as commercial aircraft, general aviation, helicopter, military aircraft, and UAV
- Based on fit type, the market is segmented as line fit and retrofit.
MARKET DYNAMICS
Drivers
o Growing production of aircrafts
o Presence of large market players offering advanced command and control solutions
Restraints:
o Complexities in system due to unskilled workforce
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Electrical Solid-State Power Controller (SSPC) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Electrical Solid-State Power Controller (SSPC) market in these regions
IMPACT OF COVID-19 ON AIRCRAFT ELECTRICAL SOLID-STATE POWER CONTROLLER (SSPC) MARKET
The aviation sector has suffered enormous losses since the outbreak of the COVID-19 pandemic. Lockdown measures adopted by various countries throughout the world resulted in a considerable drop in the overall number of passengers opting for air travel, as well as a major drop in aircraft manufacturing. It had an influence on the aircraft industry's supply chain, including electrical components like SSPCs and circuit breakers. Furthermore, it is expected that air passenger volume would not match that of the pre-COVID period until 2024, resulting in a reciprocal impact across the supply chain. However, Following a paradigm change from contractors to SSPCs, the market for aircraft electrical SSPCs is expected to rebound quicker than the market for whole electrical systems as the future of air transport is moving away from fossil fuels, with hybrid and all-electric aircraft leading the way. Hence, the demand for solid-state power controller (SSPC) will boost over the forecast period.
MARKET PLAYERS
The report covers key developments in the Aircraft Electrical Solid-State Power Controller (SSPC) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Electrical Solid-State Power Controller (SSPC) market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Electrical Solid-State Power Controller (SSPC) in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Electrical Solid-State Power Controller (SSPC) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GE Aviation
- Safran Group
- Raytheon Technologies Corporation
- TransDigm Group, Inc.
- Schneider Electric
- Sensitron Semiconductor
- Leach International Corporation
- Sensor Control Nordic AB
- Polarity Inc.
- Data Device Corporation