Aircraft Electrical Distribution System Market Growth, Size, Trends, Share and Future Outlook
Aircraft Electrical Distribution System Market Size- By Component, By System, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: AERO2418 | Pages: 1 - 212 | Formats*: |
| Category : Aerospace and Defence | |||
Aircraft Electrical Distribution System Market Introduction and Overview
According to SPER Market Research, the Global Aircraft Electrical Distribution System Market is estimated to reach USD 3.28 billion by 2033 with a CAGR of 8.89%.
The report includes an in-depth analysis of the Global Aircraft Electrical Distribution System Market, including market size and trends, product mix, applications, and supplier analysis. All airplane designs must have an electrical power distribution system as a fundamental and important part. Electrical energy is produced, distributed, used, and stored by an autonomous network of components that makes up an aircraft electrical power distribution system. Modern multi-engine aircraft differ greatly in terms of electrical system capacity and complexity from single-engine aircraft. Nonetheless, the fundamental parts of the electrical systems of both kinds of engines are same. There are devices in every airplane electrical power distribution system that are capable of producing energy. Depending on the kind of aircraft, power is produced using parts like alternators and generators.
- Sept 2023: Safran and Cuberg, a California-based division of Swedish battery producer Northvolt, collaborated in September 2023. The alliance intends to create energy storage solutions for electric and hybrid aircraft by utilizing the combined knowledge of the two firms.
- July 2023: Crane Aerospace and Electronics and Heart Aerospace, a Swedish manufacturer of electric airplanes, announced in July 2023 that they would be working together to develop the Electrical Power Distribution System on Heart's ES-30 regional electric aircraft.
Market Opportunities and Challenges
Opportunities: The most recent developments in electronic and electric aircraft technology present component producers with enormous prospects. At several stages of the value chain, aircraft manufacturers are investigating innovative approaches to power production and delivery. Some of the technologies competing for place aboard future airplanes include distributed architectures, power electronics (in the starter/generation system of the main engines), and complex embedded digital systems. Aerial vehicles are anticipated to gain from the growing adoption of programmable solid-state devices and switching power devices over conventional electromechanical circuit breaker technology in the areas of load management, fault isolation, diagnostic health monitoring, and enhanced adaptability to system upgrades and modifications.
Challenges: Manufacturers currently have difficulties with power density and efficiency as a result of the downsizing of power conversion equipment. Size reduction is accomplished by the use of pricy heat removal methods. The entire cost of the aircraft electrical system rises as a result. The replacement and introduction of high-frequency switch-mode power supply for airplanes, which will reduce the devices' weight and size while increasing their efficiency and cutting prices, will present a significant threat to market competitors.
Market Competitive Landscape
Many national and international vendors are present in the worldwide market for aircraft electrical distribution systems. Every competitor in the market is vying for the largest possible market share, creating intense competition. Government restrictions, fierce rivalry, and frequent policy changes are the main elements influencing the expansion of the worldwide market. The suppliers compete on the basis of price, dependability, and product quality. Key players are Amphenol Corporation, AMETEK.Inc., Astronics Corporation, Crane Aerospace & Electronics, Collins Aerspace, General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., Safran Group, Thales.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By System, By End Use. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Amphenol Corporation, AMETEK.Inc., Astronics Corporation, Crane Aerospace & Electronics, Collins Aerspace, General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., Safran Group, Thales. |
COVID-19 Impact on Global Aircraft Electrical Distribution System Market
The COVID-19 affected every region on the planet. The total demand for aviation electrical systems from all around the world is mostly reliant on the delivery of new aircraft. The demand for passenger travel has decreased due to the COVID-19 pandemic, which has had a detrimental effect on the aviation business worldwide. The market expansion for airplane electrical systems is being negatively impacted by the COVID-19 epidemic. The aviation sector is dealing with a number of serious issues, including managing the supply chains for commercial aircraft, emerging travel habits, and travel restrictions imposed by the coronavirus impact internationally.
Key Target Audience:
- Aircraft Manufacturers
- Aerospace Engineers and Designers
- Airlines and Fleet Operators
- Aviation Regulatory Bodies
- Defense Departments and Military Organizations
- Aerospace Component Suppliers
- Aircraft Maintenance, Repair, and Overhaul (MRO) Providers
- Investors and Financial Analysts
- Aviation Consultants and Market Analysts
- Academia and Research Institutions
Our in-depth analysis of the Aircraft Electrical Distribution System Market includes the following segments:
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| By System: |
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| By End Use: |
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Key Topics Covered in the Report:
- Global Aircraft Electrical Distribution System Market Size (FY’2024-FY’2033)
- Overview of Global Aircraft Electrical Distribution System Market
- Segmentation of Global Aircraft Electrical Distribution System Market By Component (Electric Bus, Battery, Generator, Others)
- Segmentation of Global Aircraft Electrical Distribution System Market By System (Power Generation, Power Generation, Power Conversion, Energy Storage)
- Segmentation of Global Aircraft Electrical Distribution System Market By End Use (Commercial, Defense)
- Statistical Snap of Global Aircraft Electrical Distribution System Market
- Expansion Analysis of Global Aircraft Electrical Distribution System Market
- Problems and Obstacles in Global Aircraft Electrical Distribution System Market
- Competitive Landscape in the Global Aircraft Electrical Distribution System Market
- Impact of COVID-19 and Demonetization on Global Aircraft Electrical Distribution System Market
- Details on Current Investment in Global Aircraft Electrical Distribution System Market
- Competitive Analysis of Global Aircraft Electrical Distribution System Market
- Prominent Players in the Global Aircraft Electrical Distribution System Market
- SWOT Analysis of Global Aircraft Electrical Distribution System Market
- Global Aircraft Electrical Distribution System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Aircraft Electrical Distribution System Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Aircraft Electrical Distribution System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aircraft Electrical Distribution System Market
7. Global Aircraft Electrical Distribution System Market, By Component (USD Million) 2020-2033
7.1. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By Component, 2020-20267.2. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By Component, 2027-20337.3. Electric Bus7.4. Battery7.5. Generator7.6. Others
8. Global Aircraft Electrical Distribution System Market, By System (USD Million)2020-2033
8.1. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By System, 2020-20268.2. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By System, 2027-20338.3. Power Generation8.4. Power Distribution8.5. Power Conversion8.6. Energy Storage
9. Global Aircraft Electrical Distribution System Market, By End Use (USD Million)2020-2033
9.1. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By End Use, 2020-20269.2. Global Aircraft Electrical Distribution System Market Size, Share and Forecast, By End Use, 2027-20339.3. Commercial9.4. Defense
10. Global Aircraft Electrical Distribution System Market Forecast, 2020-2033 (USD Million)
10.1. Global Aircraft Electrical Distribution System Market Size and Market Share
11. Global Aircraft Electrical Distribution System Market, By Region, 2020-2033 (USD Million)
11.1. Global Aircraft Electrical Distribution System Market Size and Market Share By Region (2020-2026)11.2. Global Aircraft Electrical Distribution System Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle East & Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Amphenol Corporation12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. AMETEK.Inc.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Astronics Corporation12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Crane Aerospace & Electronics12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Collins Aerospace12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. General Electric12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Honeywell International Inc.12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. PARKER HANNIFIN CORP.12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Safran Group12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Thales12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Aircraft Electrical Distribution System Market is projected to reach USD 3.28 billion by 2033, growing at a CAGR of8.89% during the forecast period.
Aircraft Electrical Distribution System Market size from 2022. The Market is expected to reach USD 3.28 billion by 2033, at a CAGR of 8.89% during the forecast period.
Aircraft Electrical Distribution System Market CAGR of 8.89% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Aircraft Electrical Distribution System Market size is 3.28 billion from 2024 to 2033.
Aircraft Electrical Distribution System Market Segment is covered By Component, By System, By End Use..
The North America anticipated to have the highest market share in the Aircraft Electrical Distribution System Market.
"The key players in the market include Companies Covered Amphenol Corporation, AMETEK.Inc., Astronics Corporation, Crane Aerospace & Electronics, Collins Aerspace, General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., Safran Group, Thales.
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The replacement and introduction of high-frequency switch-mode power supply for airplanes, which will reduce the devices
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