The aircraft electrical system is a self-contained network of components that generate, transmit, distribute, utilize, and store electrical energy. In recent years, the aviation industry has undergone tremendous changes such as no-bleed systems aircraft architecture and development of hybrid and electric propulsion systems. Moreover, the growing trend towards developing electrical components for optimum performance is expected to boost the aircraft electrical system market. Key industry players are coming up with advanced solutions and offering innovative electrical systems to the aircraft manufacturers.
MARKET DYNAMICS
The aircraft electrical system market is anticipated to grow rapidly in the forecast period owing to growth of the commercial aviation sector and advancements in the electrical systems. Besides, optimized performance resulting from using more electric technology is further propelling the growth of the aircraft electrical system market. However, power efficiency is a significant challenge faced by the aircraft electrical system market during the forecast period. Meanwhile, lightweight wiring systems and other technological advancements are expected to create symbolic opportunities for market players in the coming years.
MARKET SCOPE
The "Global Aircraft Electrical System 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 aircraft electrical system market with detailed market segmentation by system, components, application, fit-type, platform, and geography. The global aircraft electrical system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft electrical system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aircraft electrical system market is segmented on the basis of system, components, application, fit-type, and platform. By system, the market is segmented as power generation, power distribution, power conversion, and energy storage. Based on components, the market is segmented as generators, conversion devices, distribution devices, battery management systems, and others. On the basis of the application, the market is segmented as power generation management, flight control & operation, cabin system, configuration management, and air pressurization & conditioning. By fit-type, the market is segmented into line fit and retro-fit. The market on the basis of the platform is classified as commercial aviation and military aviation.
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 aircraft electrical system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aircraft electrical system 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 aircraft electrical system 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 trend. The report also provides Porter's five force Analysis.
MARKET PLAYERS
The reports cover key developments in the aircraft electrical system 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 the way for the expansion of business and customer base of market players. The market players from aircraft electrical system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft electrical system in the global market. Below mentioned is the list of few companies engaged in the aircraft electrical system market.
The report also includes the profiles of key aircraft electrical system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Astronics Corporation
- Avionic Instruments, LLC
- Collins Aerospace
- Crane Aerospace & Electronics
- GE Aviation
- Hartzell Engine Technologies LLC
- Honeywell International Inc.
- Meggitt PLC
- Safran S.A.
- Thales SA