The global aircraft electrical systems market is expected to grow at a significant CAGR during the forecast period. The rising need for electrical systems in aircraft, combined with the expansion of the aviation sector, has fueled the market growth. Electrical systems are being widely used for military and commercial aircraft, and research and investment in electrical aviation systems are increasing, driving the market ahead. Electrical aircraft systems provide energy-efficient aircraft technologies that decrease the environmental pollution.
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Most non-propulsive systems in a typical aircraft are powered by a combination of pneumatic, hydraulic, mechanical, and electric power sources. However, these systems have several drawbacks, including low fuel conversion efficiency and the possibility for corrosive fluid leaks, as well as a significant fire danger. More electric technology, on the other hand, refers to the use of electricity to power the majority of an aircraft’s non-propulsive systems. The more electric architecture is power-optimized to maximise performance while consuming less energy. By eliminating the requirement for hydraulic reservoirs, the switch from hydraulic to electric power makes the aircraft lighter. The fuel economy improves as the total weight of the aircraft is reduced. As a result, aircraft performance improvement is a key growth driver for the global aircraft electrical systems market.
The introduction of the more-electric aircraft idea changed traditional aircraft electrical power design. Due to the use of sophisticated power electronics and fewer hydraulic and pneumatic components in the engine installation, the more-electric architecture improves fuel economy, lowers maintenance costs, and improves dependability. As part of their operational scaling strategy, some commercial operators are exploring fleet growth. During the forecast period, such procurement orders will drive market players’ commercial opportunities.
For instance, Virgin Atlantic ordered 14 A330-900neos in June 2019. Qantas Airways Ltd (Qantas) changed their order for 26 A321neo aircraft into A321 XLRs in the same month. In addition, Qantas has extended its order for a further ten A321 XLRs for USD 1.4 billion. Furthermore, KLM Royal Dutch Airlines signed a USD 751 million order for two B777-300ER aircraft in September 2019. The integrated drive generators and generator control units for the B777 series are provided by Collins Aerospace (UTC), while the integrated AC and DC motors are provided by Ontic.
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Market Coverage
- Segment Covered-
o By Component Type
o By Platform
- Competitive Landscape: Honeywell International Inc., General Electric Co., Safran S.A., Thales Group, Raytheon Technologies Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aircraft Electrical Systems Market by Segment
By Component Type
- Generators
- Distribution Devices
- Conversion Devices
- Battery Management Systems
By Platform
- General Aviation
- Commercial Aviation
- Military Aviation
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