“The aircraft DC-DC converter market was US$ 0.8 billion in 2023 and is likely to grow at a decent CAGR of 10.5% in the long run to reach US$ 1.7 billion in 2030.”
Market Dynamics
Introduction
The Aircraft DC-DC Converter Market covers the global market spread across the aerospace and aviation segments, with a focus on devices and systems that incorporate aircraft DC-DC converters. These converters are of paramount importance in controlling electrical power since they convert direct current from one voltage system to another to meet the demands of various power requirements of the vessel systems. These products are keenly employed to facilitate avionics, navigation, communication, entertainment, lighting, and various safety and control aspects of an aircraft. Given the fact that current aircraft systems are trending toward electrification and more electrical aircraft (MEA) combined with the actual electrification of electrical aircraft and hybrid electrical propulsion systems, demand for composite microlaminated DC-DC converters is rapidly rising. This market is fostered by such factors as the increasing demand for catalytic, fuel-efficient engines together with enhanced power management systems in contemporary airplanes as a result of technology.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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By Aircraft Type
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Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, and Air Taxis
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Fixed Wing Aircraft is expected to dominate.
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By Form Factor
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Chassis Mount, Encapsulated, Brick, and Others
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Chassis Mount is expected to dominate among the various forms.
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By Type
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Isolated and Non-Isolated
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Isolated is expected to dominate among the key segments
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By Application Type
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Avionics, Flight Control Systems, Surveillance Systems, Environmental Control Systems, Energy Storage Systems, and Others
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Avionics will dominate the frequency type in the forecast period.
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By Region
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North America, Europe, Asia Pacific, and Rest of the World
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The North American region is expected to dominate the market in the forecasted period.
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By Aircraft Type
“Fixed Wing Aircraft is expected to dominate”.
- High Volume of Operations: Fixed wings account for the largest market size globally, with constant demand for passengers and cargo haulage. The great number of airplane fleets managed by airlines increases the need for employing DC-DC converters for systems ranging from avionics and communications to lighting and safety features inclusive of in-flight entertainment.
- Fleet Modernization: Aviation requires that aircraft modernization persists among air carriers and in military usage to enhance productivity, diminish environmental impacts, and adopt new system enhancements. This creates a need for lightweight and space-optimized power management systems which propels the use of DC-DC converters.
- Market Scale and Longevity: Conventional airplanes have been the backbone of the global aviation industry without which there cannot be a mature and steady market for power management solutions. Another major factor is the highly developed supply systems and relatively large investment in this field, This is the reason why this sector occupies the dominant position.
By Form Factor
“Chassis Mount is expected to dominate among the various forms”.
- Robustness and Reliability: Being versatile to work at higher power demanding loads and proven to operate in tough conditions, the chassis mount converters are perfectly suitable for operation in aircraft.
- Thermal Management: The above-mentioned converters can be directly bonded onto the aircraft chassis thereby using its framework for the dissipation of heat.
- Broad Application: for instance in avionic systems, navigation systems, communication systems, and safety equipment systems. They are also strong and thus used in fixed-wing and rotary-wing aircraft.
By Type
“Isolated is expected to dominate among the key segments”.
- Electrical Isolation: These converters also physically isolate, or ‘float’ inputs relative to outputs, which is significant in aircraft to avoid the formation of ground loops, electrical disturbances, or destruction due to short circuits.
- Safety Compliance: Within avionics where reliability and safety are a primary consideration, the use of individual converter stages provides the desired isolation to shield critical subsystems from voltage transients or ‘noise’.
- Wide Application: Appl Sage In avionics, communication systems, flight control, and lighting where isolation frequently is imperative to maintain system soundness. High Voltage Handling: They are better suited for use in systems where voltage levels are fluctuating or in systems that possess multiple sub-systems that should have distinct power supplies.
By Application Type
“Avionics is expected to dominate among the key segments”.
- Criticality: Avionic systems are critical in all types of aircraft for navigation, communication, monitoring, and control and therefore, avionic systems require reliable power solutions.
- High Demand for Power Conversion: Used in avionic systems, multiple voltage levels are used and continuous operation of the avionic systems implies that the DC-DC converter used has to be efficient.
- Complexity: The incorporation of GPS, radar, and differentiated automated procedures in today’s avionic systems also contributes to different power management requirements.
Regional Analysis
“The North American region is expected to dominate the market in the forecasted period”.
- Presence of Key Players: North America is substantially powered by general aircraft manufacturers and system integrators which include Boeing, Lockheed Martin, and Raytheon offering market demand for DC-DC converters.
- Defense Spending: The United States has the highest defense budget in the world due to which large capital is spent on the newest military airplanes and unmanned aerial vehicles which themselves are based on the DC-DC converters.
- Strong Commercial Aviation Market: There is also a highly developed commercial aviation industry in the region with steady updates of fleets and a high level of traffic that will help increase the demand for power management.
Key Players
The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the aircraft DC-DC converter market.
Here is the list of the Top Players (Based on Dominance)
- TDK Lambda Corporation
- Advanced Energy Industries Inc.
- Murata Manufacturing Co. Ltd.
- Infineon Technologies AG
- Vicor Corporation
Note: The above list does not necessarily include all the top players of the market.
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Report Features
This report provides market intelligence most comprehensively. 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. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The aircraft DC-DC converter market is segmented into the following categories.
Aircraft DC-DC converter, by Aircraft Type
- Fixed Wing: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Rotary Wing
- Unmanned Aerial Vehicles
- Air Taxis
Aircraft DC-DC converter, by Form Factor
- Chassis Mount: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Encapsulated: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Brick: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft DC-DC converter, by Type
- Isolated: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Non-Isolated: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft DC-DC converter, by Application Type
- Avionics: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Flight Control System: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Surveillance System: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Environmental Control System: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Energy Storage System: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others: (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft DC-DC converter, 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 DC-DC converter 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 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 all four regions 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)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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