MarkNtel Advisors – Leading Market Research Company found Global Aircraft Electrical Systems Market is expected to reach 7.9% CAGR Growth By 2030.

This report provides a comprehensive analysis of the Global Aircraft Electrical Systems Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the Aircraft Electrical Systems Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

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Scope of the Aircraft Electrical Systems Market Report:

The Global Aircraft Electrical Systems Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30. The focus on reliability and security, rising spending by many nations to bolster their aerial defense, a shift toward More Electric Aircraft (MEA), rising air travel demand, growing use of unmanned aerial vehicles (UAVs), strict environmental regulations, etc. are some of the major factors driving the growth of the Aircraft Electrical Systems Market. Additionally, ongoing developments in power electronics, battery technology, and wiring materials are making it possible to create electrical components for airplanes that are lighter, more dependable, and more efficient. This makes it possible to install an aircraft electrical system that is more robust and adaptable.

Which prominent factor is expected to drive the Aircraft Electrical Systems Market during 2024-30?

Inclination Toward More Electric Technology to Optimize Overall Aircraft Performance – The shift toward more electric technology is, in fact, one of the main forces behind the aircraft electrical systems market. In many aircraft tasks, this trend is typified by a move away from conventional pneumatic and hydraulic systems and toward electrical alternatives. The rising use of electric technology in aircraft is a result of several variables, all of which have a major impact on the growth and development of aircraft electrical systems.

Aircraft weight can be reduced by switching out hydraulic and pneumatic systems with aircraft electrical power systems. This translates into a greater range, more fuel economy, and possibly cheaper production costs. Furthermore, compared to conventional systems, aircraft electrical systems have a better efficiency in turning fuel energy into propulsion. As a result, less fuel is used and fewer pollutants are produced. Improved aircraft handling and maneuverability result from the quicker and more accurate control of systems like landing gear and flaps offered by electrical systems. Therefore, several factors, such as the desire for increased fuel efficiency, weight reduction, easier maintenance, increased reliability, environmental concerns, technological advancements, and the electrification of various aircraft systems, are driving the aviation industry's trend toward more electric technology. Throughout the projection years, the aircraft electrical power systems industry is anticipated to be driven by a persistent focus on these factors.

What are the different Segment Available in the Aircraft Electrical Systems Market?

By Components

• Generators- Market Size Forecast 2019-2030F, USD Million
  • Starter Generators- Market Size Forecast 2019-2030F, USD Million
  • Auxiliary Power Unit (APU)- Market Size Forecast 2019-2030F, USD Million
  • Integrated Device Generators (IDG)- Market Size Forecast 2019-2030F, USD Million
  • Variable Speed Constant Frequency (VSCF) Generator- Market Size Forecast 2019-2030F, USD Million
  • Generator Control Unit (GCU)- Market Size Forecast 2019-2030F, USD Million
• Conversion Devices- Market Size Forecast 2019-2030F, USD Million
  • Inverter- Market Size Forecast 2019-2030F, USD Million
  • Converter- Market Size Forecast 2019-2030F, USD Million
  • Transformer Rectifier Unit (TRU) - Market Size Forecast 2019-2030F, USD Million
• Distribution Devices- Market Size Forecast 2019-2030F, USD Million
  • Wires and Cables- Market Size Forecast 2019-2030F, USD Million
  • Connectors and Connector Accessories- Market Size Forecast 2019-2030F, USD Million
  • Busbars- Market Size Forecast 2019-2030F, USD Million
• Battery Management Systems- Market Size Forecast 2019-2030F, USD Million

By Systems- Market Size Forecast 2019-2030F, USD Million

• Power Generation- Market Size Forecast 2019-2030F, USD Million
• Power Distribution- Market Size Forecast 2019-2030F, USD Million
• Power Conversion- Market Size Forecast 2019-2030F, USD Million
• Energy Storage- Market Size Forecast 2019-2030F, USD Million

By Platform- Market Size Forecast 2019-2030F, USD Million

• Commercial Aviation- Market Size Forecast 2019-2030F, USD Million
• Military Aviation- Market Size Forecast 2019-2030F, USD Million
• Business General Aviation- Market Size Forecast 2019-2030F, USD Million

By End User- Market Size Forecast 2019-2030F, USD Million

• OEM- Market Size Forecast 2019-2030F, USD Million
• Aftermarket- Market Size Forecast 2019-2030F, USD Million

By Application- Market Size Forecast 2019-2030F, USD Million

• Power Generation Management- Market Size Forecast 2019-2030F, USD Million
• Flight Control Operation- Market Size Forecast 2019-2030F, USD Million
• Cabin Systems- Market Size Forecast 2019-2030F, USD Million
• Configuration Management- Market Size Forecast 2019-2030F, USD Million
• Air Pressurization Conditioning- Market Size Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Middle East Africa
• Europe
• Asia-Pacific.

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Leading Aircraft Electrical Systems companies operating in the Market

• Ametek, Inc.
• Safran
• Astronics Corporation
• Amphenol Corporation
• PBS Aerospace
• Honeywell International Inc.
• Meggitt Plc
• Thales Group
• United Technologies Corporation
• General Electric
• RTX Corporation
• Acme Aerospace Inc. Avionic Instruments LLC
• Crane Aerospace Electronics
• Hartzell Engine Technologies LLC
• Nabtesco Corporation
• Others.

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