• Blog
  • Aircraft Electrical Conversion Systems Market Analysis | 2021-2026

    Aircraft Electrical Conversion Systems Market Analysis | 2021-2026

    Aircraft Electrical Conversion Systems Market Analysis | 2021-2026
    Report code - SR1490 Published On : Dec,2021 No. of Pages: 150
    Aircraft Electrical Conversion Systems Market Size, Share, Growth, Trends, Forecast, Compe See more...

    Market Insights

    "The aircraft electrical conversion systems market is projected to grow from USD 0.7 billion in 2020 to USD 1.1 billion by 2026 at a CAGR of 7.7% during the forecast period."

    Would you like to get a free sample? Register Here

    What is a conversion system?

    Conversion systems form an important element in an aircraft's overall electrical systems. They are responsible for the conversion of the electrical power produced by generators from one voltage to another and from AC to DC (and vice-versa). Conversion systems are comprised of transformers, AC-DC converters (including transformer rectifier units and autotransformer rectifier units), and DC-to-AC converters (or inverters).

    Over the years, there has been a greater reliance on electrical conversion systems in aircraft, as they not only control the voltage but they also keep a check on the flow/direction of the current. While the rectifiers enable the converted DC to flow in only one direction, the inverters enable the converted AC to change its direction periodically. Power converters convert electrical energy into suitable forms as needed by the aircraft loads and their demand is expected to grow at a healthy pace in the foreseen future.

    Aircraft Electrical Conversion Systems Market Report: Overview

    Market Size in 2026

    USD 1.1 Billion

    Market Size in 2020

    USD 0.7 Billion

    CAGR (2021-2026)

    7.7%

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Market Dynamics

    The aircraft electrical conversion systems market is a dynamic and growing sector within the aviation industry. The market is primarily driven by:

    • The increasing demand for more efficient and reliable electrical systems in aircraft.
    • The increasing need for more fuel-efficient and eco-friendly aircraft, and electric aircraft thus.
    • Advancements in high-density battery solutions for electric aircraft.
    • Optimized aircraft performance through increased use of electric technology.

    One of the key drivers of the market is the increasing demand for electric aircraft. As the aviation industry seeks to reduce its carbon footprint, electric aircraft have emerged as a viable alternative to traditional fossil fuel-powered aircraft. This has led to an increase in demand for electrical systems that can handle the high voltage and power requirements of electric aircraft.

    Another driver of the market is the need for more efficient and reliable electrical systems in traditional aircraft. With the increasing use of advanced electronics in aircraft, the demand for more sophisticated electrical systems has grown significantly. This has led to a need for aircraft electrical conversion systems that can convert power from various sources and distribute it efficiently throughout the aircraft.

    The market is also influenced by various government regulations and policies. Governments around the world are implementing stricter emission regulations, which are driving the demand for more fuel-efficient and eco-friendly aircraft. This has created opportunities for companies that specialize in developing advanced electrical systems for aircraft.

    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 conversion systems, declined over 20% in the year 2020.?

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Component-Type

    Transformers, AC-DC Converters, and DC-AC Converters

    Transformer is expected to remain the largest segment of the market during the forecast period.

    Aircraft-Type

    Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV

    Commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World)

    North America is likely to remain the largest market during the forecast period.

     

    Component Insights

    "The transformer segment accounted for the largest market share."

    The market is classified as transformers, AC-DC converters (TRU & ATRU), and DC-AC Converters (inverters). Among these components, the transformer is expected to remain the largest segment of the market and it will hold a revenue share of more than 50% during the forecast period.

    AC to DC converters is commonly used in aircraft systems to convert the alternating current (AC) power generated by the aircraft's engines or auxiliary power unit (APU) into direct current (DC) power, which is used to power the various electronic and electrical systems on board.

    Some examples of aircraft systems that rely on DC power include:

    Avionics: The avionics suite on modern aircraft includes a wide range of electronic systems such as flight management systems, navigation systems, communication systems, and entertainment systems. These systems require a stable source of DC power to function properly.

    Lighting: The lighting systems on an aircraft, including the cockpit lighting, cabin lighting, and exterior lighting, also require DC power to function.

    Control systems: The aircraft's control systems, including the flight control system, require DC power to operate.

    Aircraft Insights

    "The commercial aircraft segment accounted for the largest market share."

    The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAVs. Among these aircraft types, commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market and it will hold a revenue share of more than 50% during the forecast period.

    Commercial aircraft alone generate the demand for more than half of the electrical conversion 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 breathtaking market conditions and have learned the art to sail through the crisis.

    Regional Trends

    "North America accounted for the largest market share."

    North America is likely to remain the largest market and it will hold a revenue share of more than 45% during the forecast period, due to the increasing demand for commercial as well as military aircraft in the region.

    The region is the biggest demand generator for general aviation, UAVs, military aircraft, and helicopters and one of the largest generators for commercial aircraft. This makes the region the most preferred manufacturing/assembly destination for aircraft. Asia-Pacific is currently a small market but is likely to exhibit the highest growth in the coming years, driven by China, Japan, and India. 

    Would you like to get a free sample? Register Here

    Key Players

    The following are the key players in the aircraft electrical conversion systems market:

    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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Aircraft Electrical Conversion Systems Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft electrical conversion 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.

    Customization Options

    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 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.

    Frequently Asked Questions (FAQs)

    Conversion systems form an important element in an aircraft overall electrical systems. They are responsible for the conversion of the electrical power produced by generators from one voltage to another and from AC to DC (and vice-versa). Conversion systems are comprised of transformers, AC-DC converters (including transformer rectifier units and autotransformer rectifier units), and DC-to-AC converters (or inverters).

    The aircraft electrical conversion systems market is likely to rebound at a significant CAGR of 7.7%.

    The aircraft electrical conversion systems market was estimated to grow from USD 0.7 billion in 2020 to USD 1.1 billion by 2026.

    Collins Aerospace (Raytheon Technologies Corporation), Crane Aerospace & Electronics, Honeywell International Inc., GE Aviation, Safran Group, AMETEK.Inc., Astronics Corporation, Thales Group.

    North America accounted for the largest market share, and it holds a revenue share of more than 45% in 2021.

    Commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market and it holds a revenue share of more than 52% during the forecast period.

    The increasing demand for more efficient and reliable electrical systems in aircraft, The market is expected to experience significant growth in the coming years due to the increasing need for more fuel-efficient and eco-friendly aircraft, Advancements in high-density battery solutions for electric aircraft, Optimized aircraft performance through the use of more electric technology.

    Distributors, suppliers, manufacturers, logistics organizations, and government bodies.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities