Market Highlights
"The global aircraft electrical distribution systems market was valued at US$ 1.4 billion in 2023 and registered a healthy growth of 3.5% during 2024-2032."
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 by utilizing circuit protection devices.
Post a series of setbacks over the past few years (a combined effect of Boeing’s downfall with the B737MAX grounding and the COVID-19 catastrophe), the market’s road to growth commenced from 2022 onwards. 2023 was a year of recovery, the industry resumed pre-pandemic indicators. Ultimately positioning 2024 as a year of ample growth opportunities and expansions.
Recent Product Developments: Key focus areas for leading players include reduced SWaP size, high voltage compatibility, and adaptation to electrifying aircraft. GE’s next-gen power distribution systems for the Falcon 10X will leverage highly flexible modular power tiles à small, lightweight power distribution components based on solid-state power control that eliminate hundreds of mechanical circuit breakers.
Recent Market JVs and Acquisitions:
- 2019: TransDigm acquired Leach International Corporation
- 2023: Safran acquired Thales' aeronautical electrical systems business
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft-Type Analysis
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Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, and UAV.
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Commercial aircraft is likely to remain the dominant segment during 2024-2032. Despite grabbing a minimal share, UAV is likely to log the highest CAGR during 2024-2032.
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System-Type Analysis
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Primary Distribution System and Secondary Distribution System
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Primary distribution system to generate higher demand during the next eight years.
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Product-Type Analysis
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Solid-State Power Controllers or SSPCs, Relays, Contactors, Circuit Breakers, and Others
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SSPCs and contactors are anticipated to remain the most rewarding segments over the next few years.
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Fit-Type Analysis
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OE and Aftermarket
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OE is likely to maintain its lead in years to come.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America is expected to remain the largest market over the next eight years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Aircraft Trends
"Commercial aircraft accounted for the largest market share."
Based on the 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 biggest demand generator for distribution systems during the forecast period. The aircraft type is also likely to grow at a healthy rate in the years to come. Recovering aircraft deliveries are discernible. Under its current year guidance report, Airbus is targeting to deliver 800 aircraft in 2024, as compared to 735 delivered in 2023. A sharp increase in the production rate of the A350 XWB and B787 is expected in the coming years, reaching back to 2018 levels.
Product Trends
"SSPC accounted for the largest market share."
Based on the product type, the 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.
Regional Insights
"North America accounted for the largest market share."
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 on China, Japan, and India for the indigenous manufacturing of aircraft.
Key Players
The following are the key players in the aircraft electrical distribution systems market:
- Safran Group
- Collins Aerospace (Raytheon Technologies Corporation)
- GE Aviation
- Honeywell International Inc.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Aircraft Electrical Distribution Systems Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional and country level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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The aircraft electrical distribution systems market is segmented into the following categories:
By Aircraft Type
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Helicopter
- Military Aircraft
- UAV
By System Type
- Primary Power Distribution System
- Secondary Power Distribution System
By Product Type
- Solid-State Power Controllers
- Relays
- Contactors
- Circuit Breakers
- Others
By Fit Type
- Original Equipment
- Aftermarket
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
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. 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 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 market players across the value chain in Europe and industry experts to obtain both qualitative and quantitative insights.
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Company Profiling
- Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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