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Aircraft Electrical Systems - Global Market Trajectory & Analytics

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  • 287 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805166
Global Aircraft Electrical Systems Market to Reach $25.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Electrical Systems estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$25.4 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Power Generation, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$9.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Power Conversion segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 8.1% CAGR

The Aircraft Electrical Systems market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2027 trailing a CAGR of 8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Power Distribution Segment to Record 5.4% CAGR

In the global Power Distribution segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.8 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 44 Featured):
  • Astronics Corporation
  • Crane Aerospace & Electronics
  • Elbit Systems Ltd.
  • GE Aviation
  • Hartzell Engine Technologies LLC
  • Honeywell International, Inc.
  • Safran
  • Thales Group
  • United Technologies Corporation (UTC)
Frequently Asked Questions about the Global Market for Aircraft Electrical Systems

What is the estimated value of the Global Market for Aircraft Electrical Systems?

The Global Market for Aircraft Electrical Systems was estimated to be valued at $17.8 Billion in 2020.

What is the growth rate of the Global Market for Aircraft Electrical Systems?

The growth rate of the Global Market for Aircraft Electrical Systems is 5.2%, with an estimated value of $25.4 Billion by 2027.

What is the forecasted size of the Global Market for Aircraft Electrical Systems?

The Global Market for Aircraft Electrical Systems is estimated to be worth $25.4 Billion by 2027.

  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Electrical Systems: An Introduction
  • Basic Electrical System
  • Power and Ground
  • Normal Operation
  • Electrical Failures
  • Voltage
  • Power Generation
  • Power Conversion
  • Power Distribution
  • Energy Storage Device
  • Aircraft Electrical Systems: Market Overview
  • Need for New Generation Aircraft Driving Growth in Aircraft Electrical Systems Market
  • US: A Key Market
  • Impact of Covid-19 and a Looming Global Recession
  • High Reliability and Lightweight: Key Essential Requisites of Aircraft Electrical Equipment Design
  • Technological Advancements Leading to Growth in the Aircraft Electrical Systems Market
  • Electronic Code of Federal Regulations for Electrical Systems and Equipment in USA
  • Australian Civil Aviation Regulation Mandates Periodic Inspection of the Electrical System


  • Total Companies Profiled: 44