Aircraft Electrical Distribution Systems Market Report
Aircraft Electrical Distribution Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Aircraft Electrical Distribution Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Aircraft Electrical Distribution Systems Market is Segmented by Product Type (Solid State Power Controllers, Relays, Contactors, Circuit Breakers, and Others), by System Type (Primary Power Distribution System and Secondary Power Distribution System), by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Fit Type (Original Equipment and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Electrical Distribution Systems Market is Segmented by Product Type (Solid State Power Controllers, Relays, Contactors, Circuit Breakers, and Others), by System Type (Primary Power Distribution System and Secondary Power Distribution System), by Aircraft Type...
The electrical distribution system of an aircraft connects the aircraft generators to the individual devices and systems powered by electrical energy during both flight and aircraft-on-ground operations. The electrical distribution system market is divided into primary and secondary power distribution systems. Each of these fulfills different functions within the electrical system. Another important function of the electrical distribution system is the protection of the aircraft wiring from electrical overloads and the monitoring of any power surge incident in the distribution circuit. This is achieved utilizing circuit protection devices.
The aviation industry proved to be one of the biggest victims of the pandemic. However, the impact of the pandemic varied from aircraft to aircraft. For instance; commercial aircraft recorded an irreparable loss in the year 2020, whereas, military aircraft registered a relatively less decline. The tremor of this had been felt across the industry verticals including electrical distribution systems, declined over 20% in the year 2020. Overall, in the long run, the aircraft electrical distribution systems market is likely to rebound at a significant CAGR of 8.3% to reach a value of US$ 1.7 Billion by 2026.
Based on the product type, the aircraft electrical distribution systems market is segmented as solid-state power controllers (SSPC), relays, contactors, circuit breakers, and others. Among these product types, SSPC is expected to remain the most dominant product type in the market during the forecast period. SSPCs are the major components used for circuit protection. SSPC generally includes the combination of a circuit breaker and a relay and is very crucial in electrically controlling and isolating a circuit in case of flow of excessive electric current or power-surge incidents.
Based on the by aircraft type, the market is segmented as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Among these aircraft types, commercial aircraft is expected to remain the dominant as well as the fastest-growing aircraft type in the market during the forecast period. Commercial aircraft alone generates more than half of the electrical distribution systems used in the aircraft industry. The aircraft type is currently going through one of its hardest times with multiple setbacks. However, the industry stakeholders are accustomed to such breath-taking market conditions and have learned the art to sail through from the crisis.
In terms of regions, North America is expected to remain the largest market for aircraft electrical distribution systems during the forecast period. The USA remains the growth propellor of the region’s market in the years to come. The country is the preferred destination for aircraft assembly with the presence of almost all the leading OEMs and tier players. Asia-Pacific, the largest procurer of commercial aircraft, is also likely to create sizeable market opportunities in the coming years, driven by an expected rise in air passenger traffic coupled with a high focus of China, Japan, and India for the manufacturing of aircraft programs indigenously.
The following are the key players in the aircraft electrical distribution systems market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft electrical distribution systems market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The aircraft electrical distribution systems market is segmented into the following categories:
Aircraft Electrical Distribution Systems Market, by Product Type
Aircraft Electrical Distribution Systems Market, by System Type
Aircraft Electrical Distribution Systems Market, by Aircraft Type
Aircraft Electrical Distribution Systems Market, by Fit Type
Aircraft Electrical Distribution Systems Market, by Region
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The aircraft electrical distribution systems market is estimated to grow at a healthy CAGR of 8.3%, in the coming five years.
Safran Group, Collins Aerospace (Raytheon Technologies Corporation), GE Aviation, Honeywell International Inc., Astronics Corporation, AMETEK.Inc., Crane Aerospace & Electronics, AVIC SAE (Aviation Industry Corporation of China, Ltd.), and Leach International Corporation are of the key players in the market.
North America is estimated to remain dominant in the aircraft electrical distribution systems market in the coming years.
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