Aircraft Electrical Systems Market Forecast 2030: Key Players & Emerging Trends

Future of Global Aircraft Electrical Systems Market: Key Dynamics, Size & Share Analysis

The Aircraft Electrical Systems Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30. The focus on reliability and security, rising spending by many nations to bolster their aerial defense, a shift toward More Electric Aircraft (MEA), rising air travel demand, growing use of unmanned aerial vehicles (UAVs), strict environmental regulations, etc. are some of the major factors driving the growth of the Aircraft Electrical Systems Market.

Top Market Challenges Impacting the Global Aircraft Electrical Systems Market Growth

High Initial Investment & Maintenance Cost to Impede Market Growth – The aircraft electrical systems industry is facing significant growth challenges due to high initial investment and maintenance expenses. Due to the difficulty and expense of developing and testing new aircraft electrical, these obstacles may prevent aviation power systems from being widely used and may even impede the market's overall growth. Advanced technologies like as hybrid propulsion systems and More Electric Aircraft (MEA) might come with hefty research and development expenditures.

Understanding the Core Segments in the Global Aircraft Electrical Systems Market

By Component (Generators (Starter Generators, Auxiliary Power Unit (APU), Integrated Device Generators (IDG), Variable Speed Constant Frequency (VSCF) Generator, Generator Control Unit (GCU)), Conversion Devices (Inverter, Converter, Transformer Rectifier Unit (TRU)), Distribution Devices (Wires & Cables, Connectors & Connector Accessories, Busbars), and Battery Management System (others)), By System (Power Generation, Power Distribution, Power Conversion, Energy Storage), By Platform (Commercial Aviation, Military Aviation, Business & General Aviation), By End User (OEM, Aftermarket), By Application (Power Generation Management, Flight Control & Operation, Cabin System, Configuration Management, Air Pressurization & Conditioning), and Other

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Geographical Analysis of the Global Aircraft Electrical Systems Market

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Who Dominates the Global Aircraft Electrical Systems Market Insights on Key Industry Players?

Companies are strengthening their presence in the Aircraft Electrical Systems market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

Ametek, Inc.
Safran
Astronics Corporation
Amphenol Corporation
PBS Aerospace
Honeywell International Inc.
Meggitt Plc
Thales Group
United Technologies Corporation
General Electric
RTX Corporation
Acme Aerospace Inc. & Avionic Instruments LLC
Crane Aerospace & Electronics
Hartzell Engine Technologies LLC
Nabtesco Corporation

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