Aircraft Electrical Systems Market by Technology, Component, Application, Platform, & Region - Global Forecast to 2022

  • ID: 4071492
  • Report
  • Region: Global
  • 188 Pages
  • Markets and Markets
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Aircraft Electrical Systems Market worth 24.79 Billion USD by 2022

FEATURED COMPANIES

  • Astronics Corporation
  • Elbit Systems Ltd.
  • Financial Highlights
  • Ge Aviation
  • Safran S.A.
  • Thales Group
  • MORE

“The aircraft electrical systems market is projected to grow at a CAGR of 6.45% during the forecast period”

The growth of the aircraft electrical systems market is dependent upon the increasing demand for low-cost electrical systems such as fibre cables, electric invertors and convertors, fuel-efficient aircraft, unmanned aerial vehicles, and more electric architecture in various countries across the world. The aircraft electrical systems market is projected to grow from USD 17.04 billion in 2016 to USD 24.79 billion by 2022, at a CAGR of 6.45% from 2016 to 2022. On board aircraft electrical systems failures and aircraft order backlogs are expected to hinder market growth during the forecast period.

“The variable frequency generator component segment is projected to grow at the highest CAGR from 2016 to 2022”

Based on component, the aircraft electrical systems market has been segmented into, integrated drive generator, variable frequency generator, auxiliary power unit, transformer rectifier unit, generator control unit, power electronics, power distribution systems, and others.

The Variable Frequency Generator (VFG) segment is projected to grow at the highest CAGR of 8.00% during the forecast period. The increasing demand for wide body and very large aircraft is expected to lead to the growth of the VFG segment, as these generators are expected to replace Integrated Drive Generators (IDG) in the coming years. With a VFG on board, aircraft AC electrical systems no longer have to rely on pneumatic starting equipment.

“The Asia-Pacific aircraft electrical systems market is projected to grow at the highest CAGR from 2016 to 2022”

The aircraft electrical systems market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This expected high growth is attributed to the increasing passenger traffic which is expected to lead to a rise in the demand for fuel-efficient aircraft. Apart from this, new aviation rules by the Government of India in areas related to the developments on open-skies, code-sharing, and Foreign Direct Investment (FDI) are expected to benefit aircraft manufacturers in terms of generating demand from the Indian aviation market. These rules are expected to enable key players such as Airbus Group (Netherlands) and Boeing Company (U.S.), to set up manufacturing units in India. These, as well as the increasing investments in the defense sector by countries in this region are expected to drive the aircraft electrical systems market.

Break-up of profiles of primary participants for this report:

  • By Company Type - Tier 1 - 35%, Tier 2 - 45% , and Tier 3 - 20%
  • By Designation - C level - 35%, Director level - 25%, and Others - 40%
  • By Region - North America - 45%, Europe - 20%, Asia-Pacific - 30%, and RoW - 5%

Thales Group (France), United Technologies Corporation (U.S.), Zodiac Aerospace (France), Safran S.A.(Sweden), Honeywell International, Inc. (U.S.), Astronics Corporation (U.S.), among others, are the key players operating in the aircraft electrical systems market.

Study Coverage:

This report segments the aircraft electrical systems market on the basis of technology, application, platform, component, and region. Based on technology, the aircraft electrical systems market has been segmented into power generation, power conversion, power distribution, and energy storage device. Based on application, the market has been segmented into aircraft utility management, configuration management, flight control & operations, power generation management, and others. The component segment includes integrated drive generator, variable frequency generator, auxiliary power unit, transformer rectifier unit, generator control unit, power electronics, power distribution systems, and others. On the basis of platform, the market has been segmented into fixed wing (narrow body aircraft, wide body aircraft, very large aircraft, regional transportation, business jets, UAVs, and military aircraft), and rotary wing.
 
Reasons to Buy the Report:

From an insight perspective, the aircraft electrical systems market report focuses on various levels of analyses - industry analysis, market rank analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, high-growth regions, and countries as well as their respective regulatory policies, drivers, restraints, and opportunities in the aircraft electrical systems market.

The aircraft electrical systems market report provides insights on the following pointers:

  • Market Penetration: Comprehensive mapping of the competitive landscape and behavior of participants in the aircraft electrical systems market
  • Market Size: Market sizes for the financial year, 2014-2015 and for the forecast period, 2016 to 2022
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the aircraft electrical systems market
  • Market Overview: Market dynamics and subsequent analysis of associated trends, drivers, restraints, and opportunities prevailing in the aircraft electrical systems market
  • Market Development: Comprehensive information about lucrative markets with an analysis of markets for aircraft electrical systems across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft electrical systems market
  • Regional Analysis: Factors influencing market shares in North America, Europe, the Middle East, Asia-Pacific, and the rest of the world
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players
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FEATURED COMPANIES

  • Astronics Corporation
  • Elbit Systems Ltd.
  • Financial Highlights
  • Ge Aviation
  • Safran S.A.
  • Thales Group
  • MORE

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Key Data From Secondary Sources
2.1.2 Key Data From Primary Sources
2.1.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Increasing Carbon Emissions
2.2.1.1 High Growth in Aviation Sector
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Aircraft Electrical Systems Market
4.2 Aircraft Utility Management Market, By Region
4.3 Energy Storage Devices Market, By Region
4.4 Market, By Fixed Wing Platform
4.5 Market, By Component
4.6 Asia-Pacific vs Middle East: Market
4.7 Market Share vs Growth Rate, By Region
4.8 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 By Technology
5.4 By Application
5.5 By Component
5.6 By Platform
5.7 Market Dynamics
5.7.1 Drivers
5.7.1.1 Growth in Aircraft Deliveries
5.7.1.2 Shift Toward More Electric Architecture and Technology
5.7.1.3 Increasing Demand for UAVs
5.7.2 Restraints
5.7.2.1 Existing Backlogs in Aircraft Deliveries
5.7.3 Opportunities
5.7.3.1 Development of Fuel Cell Systems to Reduce Carbon Emissions
5.7.3.2 Technological Advancements in Power Electronics Systems
5.7.4 Challenges
5.7.4.1 Aircraft Electrical System Failure
5.7.4.2 Rise in Thermal Management Costs of Electrical Systems

6 Industry Trends
6.1 Introduction
6.2 Technology Evolution
6.3 Key Sub-Component Manufacturers
6.4 Emerging Trends
6.4.1 Lithium-Ion Batteries Systems
6.4.2 Fuel Cells
6.4.3 Piezoelectric Materials
6.4.4 Electric Actuation System
6.5 Ram Air Turbine (RAT)
6.6 Innovation & Patent Registrations

7 Aircraft Electrical Systems Market, By Technology
7.1 Introduction
7.1.1 Power Generation
7.1.2 Power Distribution
7.1.3 Power Conversion
7.1.4 Energy Storage Device

8 Aircraft Electrical Systems Market, By Application
8.1 Introduction
8.2 Aircraft Utility Management
8.2.1 Passenger Comfort
8.2.2 Air Pressurization & Conditioning
8.3 Configuration Management
8.4 Flight Controls & Operations
8.5 Power Generation Management
8.5.1 Centralized Electric Power Distribution System (CEPDS)
8.5.2 Semi Distributed Electric Power Distribution System (SDEPDS)
8.5.3 Advanced Electric Power Distribution System (AEPDS)
8.5.4 Fault Tolerant Electric Power Distribution System (FTEPDS)

9 Aircraft Electrical Systems Market, By Component
9.1 Introduction
9.2 Integrated Drive Generator
9.3 Variable Frequency Generator
9.4 Auxiliary Power Unit
9.5 Generator Control Unit
9.6 Transformer Rectifier Unit
9.7 Power Electronics
9.8 Power Distribution Systems
9.8.1 Centralized Electric Power Distribution System
9.8.2 Advanced Electric Power Distribution System
9.8.3 Fault Tolerant Electric Power Distribution System

10 Aircraft Electrical Systems Market, By Platform
10.1 Introduction
10.2 Fixed Wing
10.2.1 Commercial
10.2.1.1 Narrow Body Aircraft
10.2.1.2 Wide Body Aircraft
10.2.1.3 Business Jets
10.2.1.4 Regional Transportation
10.2.1.5 Very Large Body Aircraft
10.2.2 Defense
10.2.2.1 Unmanned Aerial Vehicles (UAV)
10.2.2.2 Military Aircraft
10.3 Rotary Wing

11 Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 By Technology
11.2.2 By Application
11.2.3 By Component
11.2.4 By Platform
11.2.4.1 Commercial Fixed Platform
11.2.4.2 Defense Fixed Platform
11.2.5 By Country
11.2.5.1 U.S.
11.2.5.1.1 By Technology
11.2.5.1.2 By Application
11.2.5.1.3 By Platform
11.2.5.2 Canada
11.2.5.2.1 By Technology
11.2.5.2.2 By Application
11.2.5.2.3 By Platform
11.3 Europe
11.3.1 By Technology
11.3.2 By Application
11.3.3 By Component
11.3.4 By Platform
11.3.4.1 Commercial Fixed Platform
11.3.4.2 Defense Fixed Platform
11.3.5 By Country
11.3.5.1 Ireland
11.3.5.1.1 By Technology
11.3.5.1.2 By Application
11.3.5.1.3 By Platform
11.3.5.2 U.K.
11.3.5.2.1 By Technology
11.3.5.2.2 By Application
11.3.5.2.3 By Platform
11.3.5.3 Germany
11.3.5.3.1 By Technology
11.3.5.3.2 By Application
11.3.5.3.3 By Platform
11.3.5.4 Spain
11.3.5.4.1 By Technology
11.3.5.4.2 By Application
11.3.5.4.3 By Platform
11.3.5.5 Rest of Europe
11.3.5.5.1 By Technology
11.3.5.5.2 By Application
11.3.5.5.3 By Platform
11.4 Asia-Pacific
11.4.1 By Technology
11.4.2 By Application
11.4.3 By Component
11.4.4 By Platform
11.4.4.1 Commercial Fixed Platform
11.4.4.2 Defense Fixed Platform
11.4.5 By Country
11.4.5.1 China
11.4.5.1.1 By Technology
11.4.5.1.2 By Application
11.4.5.1.3 By Platform
11.4.5.2 India
11.4.5.2.1 By Technology
11.4.5.2.2 By Application
11.4.5.2.3 By Platform
11.4.5.3 Japan
11.4.5.3.1 By Technology
11.4.5.3.2 By Application
11.4.5.3.3 By Platform
11.5 Middle East
11.5.1 By Technology
11.5.2 By Application
11.5.3 By Component
11.5.4 By Platform
11.5.4.1 Commercial Fixed Platform
11.5.4.2 Defense Fixed Platform
11.5.5 By Country
11.5.5.1 U.A.E
11.5.5.1.1 By Technology
11.5.5.1.2 By Application
11.5.5.1.3 By Platform
11.5.5.2 Saudi Arabia
11.5.5.2.1 By Technology
11.5.5.2.2 By Application
11.5.5.2.3 By Platform
11.5.5.3 Qatar
11.5.5.3.1 By Technology
11.5.5.3.2 By Application
11.5.5.3.3 By Platform
11.5.5.4 Rest of Middle East
11.5.5.4.1 By Technology
11.5.5.4.2 By Application
11.5.5.4.3 By Platform
11.6 Rest of the World
11.6.1 By Application
11.6.2 By Component
11.6.3 By Platform
11.6.3.1 Commercial Fixed Platform
11.6.3.2 Defense Fixed Platform
11.6.4 By Country
11.6.4.1 Brazil
11.6.4.2 By Application
11.6.4.3 By Platform
11.6.4.4 Mexico
11.6.4.5 By Application
11.6.4.6 By Platform

12 Competitive Landscape
12.1 Overview
12.2 Rank Analysis, By Key Player
12.3 Competitive Benchmarking
12.4 Competitive Situation & Trends
12.4.1 Contracts
12.4.2 New Product Launches & Expansions
12.4.3 Agreements & Partnerships
12.4.4 Acquisitions

13 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 Introduction
13.2 Financial Highlights
13.3 Thales Group
13.4 United Technologies Corporation
13.5 Zodiac Aerospace
13.6 Safran S.A.
13.7 Honeywell International, Inc.
13.8 Astronics Corporation
13.9 Ge Aviation
13.10 Elbit Systems Ltd.
13.11 Crane Aerospace and Electronics
13.12 Hartzell Engine Technologies, LLC

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables:
Table 1 Various Kinds of Generators Used in Different Aircraft
Table 2 Comparison Between Lead Acid Versus Lithium-Ion
Table 3 Innovation & Patent Registrations, 2010-2015
Table 4 Aircraft Electrical Systems Market, By Technology, 2014-2022 (USD Billion)
Table 5 Power Generation Market, By Region, 2014-2022 (USD Billion)
Table 6 Power Distribution Market, By Region, 2014-2022 (USD Billion)
Table 7 Power Conversion Market, By Region, 2014-2022 (USD Billion)
Table 8 Energy Storage Device Market, By Region, 2014-2022 (USD Billion)
Table 9 Characteristics of Energy Storage Systems
Table 10 Market Size, By Application, 2014-2022 (USD Billion)
Table 11 Market Size, By Component, 2014-2022 (USD Billion)
Table 12 Market Size, By Platform, 2014-2022 (USD Billion)
Table 13 Commercial Aircraft Electrical Systems Market Size, By Fixed Wing, 2014-2022 (USD Billion)
Table 14 Defense Aircarft Electrical Systems Market Size, By Fixed Wing, 2014-2022 (USD Billion)
Table 15 Market Size, By Region, 2014-2022 (USD Billion)
Table 16 North America: Aircraft Electrical System Market Size, By Technology, 2014-2022 (USD Billion)
Table 17 North America: Market Size, By Application, 2014-2022 (USD Billion)
Table 18 North America: Market Size, By Component, 2014 - 2022 (USD Billion)
Table 19 North America: Market Size, By Platform, 2014-2022 (USD Billion)
Table 20 North America: Fixed Wing Aircraft Electrical Systems Market Size, By Commercial Platform, 2014-2022 (USD Billion)
Table 21 North America: Fixed Wing Aircraft Electrical Systems Market Size, By Defense Platform, 2014-2022 (USD Billion)
Table 22 North America: Market Size, By Country, 2014-2022 (USD Billion)
Table 23 U.S.: Market Size, By Technology, 2014-2022 (USD Billion)
Table 24 U.S.: Market Size, By Application, 2014-2022 (USD Billion)
Table 25 U.S.: Market Size, By Platform, 2014-2022 (USD Billion)
Table 26 Canada: Market Size, By Technology, 2014-2022 (USD Billion)
Table 27 Anada: Market Size, By Application, 2014-2022 (USD Million)
Table 28 Canada: Aircraft Electric Systems Market Size, By Platform, 2014-2022 (USD Billion)
Table 29 Europe: Market, By Technology, 2014-2022 (USD Billion)
Table 30 Europe: Market Size, By Application, 2014-2022 (USD Billion)
Table 31 Europe: Market, By Component, 2014-2022 (USD Billion)
Table 32 Europe: Market Size, By Platform, 2014-2022 (USD Billion)
Table 33 Europe: Fixed Wing Aircraft Electrical Systems Market Size, By Commercial Platform, 2014-2022 (USD Billion)
Table 34 Europe: Fixed Wing Aircraft Electrical Systems Market Size, By Defense Platform, 2014-2022 (USD Billion)
Table 35 Europe: Market Size, By Country, 2014-2022 (USD Billion)
Table 36 Ireland: Market Size, By Technology, 2014-2022 (USD Billion)
Table 37 Ireland: Market Size, By Application, 2014-2022 (USD Billion)
Table 38 Ireland: Air Traffic Management Market Size, By Platform, 2014-2022 (USD Million)
Table 39 U.K.: Market Size, By Technology, 2014-2022 (USD Million)
Table 40 U.K.: Market Size, By Application, 2014-2022 (USD Billion)
Table 41 U.K. : Market Size, By Platform, 2014-2022 (USD Million)
Table 42 Germany: Market Size, By Technology, 2014-2022 (USD Million)
Table 43 Germany: Market Size, By Application, 2014-2022 (USD Billion)
Table 44 Germany : Market Size, By Platform, 2014-2022 (USD Million)
Table 45 Spain: Market Size, By Technology, 2014-2022 (USD Million)
Table 46 Spain: Market Size, By Application, 2014-2022 (USD Billion)
Table 47 Spain : Market Size, By Platform, 2014-2022 (USD Million)
Table 48 Rest of Europe: Market Size, By Technology, 2014-2022 (USD Billion)
Table 49 Rest of Europe: Market Size, By Application, 2014-2022 (USD Billion)
Table 50 Rest of Europe: Market Size, By Platform, 2014-2022 (USD Billion)
Table 51 Asia-Pacific: Market Size, By Technology, 2014-2022 (USD Billion)
Table 52 Asia-Pacific: Market Size, By Application, 2014-2022 (USD Billion)
Table 53 Asia-Pacific: Market Size, By Component, 2014-2022 (USD Billion)
Table 54 Asia-Pacific: Market Size, By Platform, 2014-2022 (USD Million)
Table 55 Asia-Pacific: Fixed Wing Aircraft Electrical Systems Market Size, By Commercial Platform, 2014-2022 (USD Million)
Table 56 Asia-Pacific: Fixed Wing Aircraft Electrical Systems Market Size, By Defense Platform, 2014-2022 (USD Million)
Table 57 Asia-Pacific: Market Size, By Country, 2014-2022 (USD Billion)
Table 58 China: Market Size, By Technology, 2014-2022 (USD Billion)
Table 59 China: Market Size, By Application, 2014-2022 (USD Billion)
Table 60 China: Market Size, By Platform, 2014-2022 (USD Million)
Table 61 India: Market Size, By Technology, 2014-2022 (USD Billion)
Table 62 India: Market Size, By Application, 2014-2022 (USD Billion)
Table 63 India: Market Size, By Platform, 2014-2022 (USD Million)
Table 64 Japan: Aircraft Electrical Systems Market Size, By Technology, 2014-2022 (USD Billion)
Table 65 Japan: Market Size, By Application, 2014-2022 (USD Billion)
Table 66 Japan: Market Size, By Platform, 2014-2022 (USD Million)
Table 67 Middle East: Market Size, By Technology, 2014-2022 (USD Billion)
Table 68 Middle East: Market Size, By Application, 2014-2022 (USD Billion)
Table 69 Middle East: Market Size, By Component, 2014-2022 (USD Billion)
Table 70 Middle East: Market Size, By Platform, 2014-2022 (USD Billion)
Table 71 Middle East: Fixed Wing Aircraft Electrical Systems Market Size, By Commercial Platform, 2014-2022 (USD Billion)
Table 72 Middle East: Fixed Wing Aircraft Electrical Systems Market Size, By Defense Platform, 2014-2021 (USD Billion)
Table 73 Middle East: Market Size, By Country, 2014-2022 (USD Billion)
Table 74 U.A.E.: Market, By Technology, 2014-2022 (USD Billion)
Table 75 U.A.E.: Market Size, By Application, 2014-2022 (USD Billion)
Table 76 U.A.E.: Market Size, By Platform, 2014-2022 (USD Million)
Table 77 Saudi Arabia: Market, By Technology, 2014-2022 (USD Million)
Table 78 Saudi Arabia: Market Size, By Application, 2014-2022 (USD Million)
Table 79 Saudi Arabia: Market Size, By Platform, 2014-2022 (USD Million)
Table 80 Qatar: Market, By Technology, 2014-2022 (USD Million)
Table 81 Qatar: Market Size, By Application, 2014-2022 (USD Million)
Table 82 Qatar: Market Size, By Platform, 2014-2022 (USD Million)
Table 83 Rest of Middle East : Market, By Technology, 2014-2022 (USD Million)
Table 84 Rest of Middle East: Aircraft Electrical Systems Market Size, By Application, 2014-2022 (USD Million)
Table 85 Rest of Middle East: Market Size, By Platform, 2014-2022 (USD Mllion)
Table 86 Rest of the World: Market Size, By Technology, 2014-2022 (USD Million)
Table 87 Rest of the World: Market Size, By Application, 2014-2022 (USD Million)
Table 88 Rest of the World: Market Size, By Component, 2014-2022 (USD Million)
Table 89 Rest of the World: Market Size, By Platform, 2014-2022 (USD Million)
Table 90 Rest of the World: Fixed Wing Aircraft Electrical Systems Market Size, By Commercial Platform, 2014-2022 (USD Million)
Table 91 Rest of the World: Fixed Wing Aircraft Electrical Systems Market Size, By Defense Platform, 2014-2022 (USD Million)
Table 92 Rest of the World: Market Size, By Country, 2014-2022 (USD Million)
Table 93 Brazil: Market Size, By Technology, 2014-2022 (USD Million)
Table 94 Brazil: Market Size, By Application, 2014-2022 (USD Million)
Table 95 Brazil: Market Size, By Platform, 2014-2022 (USD Million)
Table 96 Mexico: Aircraft Electrical Systems Market Size, By Technology, 2014-2022 (USD Million)
Table 97 Mexico: Market Size, By Application, 2014-2022 (USD Million)
Table 98 Mexico: Market Size, By Platform, 2014-2022 (USD Million)
Table 99 Rank Analysis of Key Players in the Market

List of Figures:
Figure 1 Aircraft Electrical Systems Market: Market Segmentation
Figure 2 Study Years
Figure 3 Research Process Flow
Figure 4 Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Benefits of Advanced Electrical Systems in Aircraft
Figure 7 Global Air Passenger Growth (%), 2005-2015
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation
Figure 11 Assumptions of the Research Study
Figure 12 Market, By Technology, 2016 & 2022 (USD Billion)
Figure 13 Aircraft Utility Management Segment to Lead the Aircraft Electrical Systems Market Between 2016 and 2022 (USD Billion)
Figure 14 Asia-Pacific Aircraft Electrical Systems Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Contract Was the Key Strategy Adopted in the Market Between 2011 and 2016
Figure 16 Increasing Demand for Fuel Efficient Aircraft Drives the Aircraft Electrical Systems Market During the Forecast Period
Figure 17 Asia-Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America Estimated to Hold the Largest Market Size Between 2016 and 2022
Figure 19 Narrow Body Aircraft Segment Expected to Hold the Largest Market Share During the Forecast Period
Figure 20 Variable Frequency Generator Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 21 China and UAE Estimated to Hold the Largest Market Shares in APAC and Middle East Respectively, 2016
Figure 22 North America Estimated to Hold the Largest Market Share in 2016
Figure 23 Rising Demand for Fuel Efficient Aircrafts is Driving the APAC Market With the Highest CAGR
Figure 24 Market Segmentation
Figure 25 Market, By Technology
Figure 26 Market, By Application
Figure 27 Aircraft Electrical System Market, By Component
Figure 28 Market, By Platform
Figure 29 Aircraft Electrical Systems: Market Dynamics
Figure 30 Increase in Aircraft Deliveries By Manufacturers Between 2005 & 2015
Figure 31 New Aircraft Deliveries Worldwide, By Region
Figure 32 Demand for More Electric Aircraft Projected to Grow Till 2021
Figure 33 UAV Market for Military Application
Figure 34 Order Backlogs of Aircraft Manufacturers (Airbus vs Boeing)
Figure 35 Electrical Power Generation By Autonomic Electrical Systems
Figure 36 Sub-Component Manufacturers of Aircraft Electrical Systems
Figure 37 Aircraft Power Subsystem Architecture With Fuel Cell Replacing Standard Auxiliary Power Unit
Figure 38 Global Fuel Cell Market, 2015-2021
Figure 39 Energy Storage Device Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 40 Aircraft Electrical Systems Market, By Application, 2016 & 2022 (USD Billion)
Figure 41 Market, By Component, 2016 & 2022 (USD Billion)
Figure 42 Rotary Wing Segment Projected Grow at the Highest CAGR During the Forecast Period
Figure 43 Narrow Body Aircraft Segment to Hold the Largest Market Share During the Forecast Period
Figure 44 Aircraft Electrical Systems Market: Regional Snapshot (2016)
Figure 45 North America Aircraft Electrical Systems Market Snapshot, 2016
Figure 46 Europe: Air Traffic Management Market Snapshot, 2016
Figure 47 Asia-Pacific: Market Snapshot, 2016
Figure 48 Middle East Aircraft Electrical Systems Market Snapshot, 2016
Figure 49 Rest of the World Aircraft Electrical Systems Market Snapshot, 2016
Figure 50 Companies Adopted Contract as the Key Growth Strategy From May 2011 to January 2017
Figure 51 Competitive Benchmarking: Aircraft Electrical System Market
Figure 52 Major Companies Aggressively Adopt Contract as A Strategy in the Market
Figure 53 Leading Companies in the Market, By Region
Figure 54 Contracts Emerging as A Significant Strategy Adopted By Key Players in the Market
Figure 55 Geographic Revenue Mix of Top Market Players (2015)
Figure 56 Financial Highlights of Top Market Players
Figure 57 Thales Group: Company Snapshot
Figure 58 Thales Group: SWOT Analysis
Figure 59 United Technologies Corporation: Company Snapshot
Figure 60 United Technologies Corporation: SWOT Analysis
Figure 61 Zodiac Aerospace: Company Snapshot
Figure 62 Zodiac Aerospace: SWOT Analysis
Figure 63 Safran S.A.: Company Snapshot
Figure 64 Safran S.A.: SWOT Analysis
Figure 65 Honeywell International, Inc.: Company Snapshot
Figure 66 Honeywell International, Inc.: SWOT Analysis
Figure 67 Astronics Corporation: Company Snapshot
Figure 68 Elbit Systems Ltd.: Company Snapshot

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FEATURED COMPANIES

  • Astronics Corporation
  • Elbit Systems Ltd.
  • Financial Highlights
  • Ge Aviation
  • Safran S.A.
  • Thales Group
  • MORE

The aircraft electrical systems market is projected to grow from USD 17.04 Billion in 2016 to USD 24.79 Billion by 2022, at a CAGR of 6.45 % during the forecast period. Increasing demand for more electric aircraft, fuel-efficient aircraft, and unmanned aerial vehicles are the key factors driving the market. The markets in India, China, and Japan are expected to witness significant growth during the forecast period.

The aircraft electrical systems market has been segmented on the basis of technology, application, platform, component, and region. Based on technology, the market has been segmented into power generation, power conversion, power distribution, and energy storage device. The energy storage device segment is projected to grow at the highest CAGR from 2016 to 2022. The expected growth in this segment is attributed to the drop in prices of the lithium-ion battery technology and the rise in the development of aircraft with more electrical systems.

Based on application, the aircraft electrical systems market has been classified into aircraft utility management, configuration management, flight control & operations, power generation management, and others. The aircraft utility management segment is expected to account for the largest market share during the forecast period. Aircraft utility management is derived by the demand for today’s comfort standards in aircraft, such as passenger comfort and air pressurization, which require high power to function. Increasing air travel, growing regional economies, and increasing competition between airliners to provide the best possible comfort to customers on board, are some of the factors driving the aircraft utility management segment market.

Based on region, North America is projected to lead the global aircraft electrical systems market from 2016 to 2022, owing to the presence of component integrators, Original Equipment Manufacturers (OEMs), and subcomponent manufacturers in this region. The expanding regional connectivity with wide body aircraft, and the growing investments in Medium-Altitude Long-Endurance (MALE) and High-Altitude Long Endurance (HALE)), Unmanned Aerial Vehicles (UAVs) are driving the North American aircraft electrical systems market.

Existing backlog in delivery of more electric architecture aircraft is expected to restrain the growth of the aircraft electrical systems market. The key players in this market are, UTC Aerospace Systems (U.S.), Thales Group (France), Honeywell International, Inc. (U.S.), Safran Electronics & Defense (France), Astronics Corporation (U.S.), Zodiac Aerospace (France), and GE Aviation (U.S.), among others.

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  • Astronics Corporation
  • Crane Aerospace and Electronics
  • Elbit Systems Ltd.
  • Financial Highlights
  • Ge Aviation
  • Hartzell Engine Technologies, LLC
  • Honeywell International, Inc.
  • Safran S.A.
  • Thales Group
  • United Technologies Corporation
  • Zodiac Aerospace
Note: Product cover images may vary from those shown
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