Aircraft Electrical Distribution Systems Market Growth & Forecast

Market Highlights

The Aircraft Electrical Distribution Systems Market was valued at US$ 1.0 Billion in 2020 and is projected to reach US$ 1.7 Billion by 2026, registering a CAGR of 8.3% during the forecast period.

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What are Aircraft Electrical Distribution Systems?

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.

COVID-19 Impact

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.

Segment Analysis

By 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 and it held a revenue share of more than 40% in 2020.

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.

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, and it held a revenue share of more than 55% in 2020. 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.

By System Type

The market is segmented as primary power distribution system and secondary power distribution system. Among these system types, the primary power distribution system is expected to remain the most dominant system type in the market and it held a revenue share of more than 70% in 2020.

By Fit Type

The market is segmented as original equipment and aftermarket. Among these fit types, the original equipment is expected to remain the most dominant fit type in the market and it held a revenue share of more than 70% in 2020.

Regional Analysis

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.

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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.
• Astronics Corporation
• AMETEK.Inc.
• Crane Aerospace & Electronics
• AVIC SAE (Aviation Industry Corporation of China, Ltd.)
• Leach International Corporation

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 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.

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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com