Aircraft Electrical Circuit Breakers Market Report

Market Highlights

"The global aircraft circuit breakers market is likely to grow at a significant CAGR of 7% duirng 2021-2026 to reach USD 135.1 million by 2026."

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Circuit breakers are electrical devices that mechanically interrupt and isolate a circuit during the flow of excessive current. It is a switching device that can be operated manually or automatically to control and protect an electrical power system. The modern aircraft electrical power system largely deals with a huge power network and a large number of associated electrical equipment. In the absence of a circuit breaker, an abnormal or excessively high current may flow through the aircraft electrical equipment and power network during an electrical fault or short circuit fault, which may damage the aircraft electrical equipment permanently.

Market Dynamics

Market Drivers

Narrow-body aircraft may record the prompt recovery supported by the increase in the production rate of A320 and A220 paired with the resumption in B737Max deliveries. Furthermore, entries of C919 and MC-21 assist the market to log the faster recovery. On the other hand, wide-body aircraft, the fatty aircraft category, may undergo a couple of more challenging years in the wake of B787 challenges paired with delays in B777x entry. 

COVID-19 Impact

Presently, the aerospace industry has been battling with several unforeseen challenges. The grounding of the B737 max first paused the industry growth trajectory, affected the entire value chain for a short period of time. The industry stakeholders were hammering hard to realign the industry wheels on the track but the onset of the pandemic derailed the industry to almost a decade back. Other noticeable setbacks are the temporary halt in the production of B787 and delays in the market entries of B777x, C919, and MC21 that subdued the recovery trajectory. The impact of these challenges has been recorded in an entire aerospace ecosystem including the circuit breaker, a small but extremely useful electrical device. The market for circuit breakers in the aerospace industry recorded a massive decline of over 20% in the year 2020. However, the industry stakeholders are still optimistic about the quick recovery, close to the year 2024 or 2025.

Segment Analysis

Aircraft Trends

"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 UAV. Among these aircraft types, commercial aircraft is expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period. An expected increase in production rates of key aircraft programs, such as A320 family and A220; re-entry of B737Max; and introduction of variants of existing and upcoming aircraft programs, such as A321XLR, Irkut MC-21, and COMAC C919, are likely to create a strong demand for circuit breakers in the commercial aircraft segment over the next five years. Furthermore, both, Boeing and Airbus, are optimistic about the market recovery and have been projecting over 40,000 commercial and regional aircraft deliveries over the next twenty years, assuring a healthy demand for circuit breakers in the long run.

System Trends

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

The aircraft circuit breakers market is classified as AC and DC circuit breakers. The AC circuit breakers segment is expected to remain the larger and the faster growing segment in the market during the forecast period, owing to the reason that they are the primary source of electrical power in an aircraft.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the largest market for aircraft circuit breakers during the forecast period. The region is home to a large number of aircraft manufacturers, driven by a strong supply chain network and extraordinary technological capabilities. The USA is the growth engine of the North America's market. Canada, a relatively small market, is also likely to contribute to the region’s market growth, mainly propelled by the A220 assembly base in the country.

Asia-Pacific is an emerging market with immense growth potential in China, Japan, and India. China has been an apple of the eye of the entire industry stakeholders, mainly because of growing air passenger traffic paired with flourishing indigenous aircraft infrastructure. All the major companies are establishing assembly plants in the country to tap the growth potential. India, a minuscule market, is likely to exhibit huge growth potential in the coming years, particularly in the commercial aerospace and military aircraft categories. Furthermore, the governments are taking several initiatives to build a strong industry infrastructure within India to grow the Indian aerospace industry.

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Key Players

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft circuit breakers 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?

The aircraft circuit breakers market is segmented into the following categories:

By Aircraft Type

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft
• UAV

By System Type

• AC
• DC

By Voltage Type

• High-Voltage Circuit Breakers
• Medium-Voltage Circuit Breakers
• Low-Voltage Circuit Breakers

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)

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