Aircraft Electrical Systems Forecast: USD 28.5 Billion Valuation by 2030

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.

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Aircraft Electrical Systems Overview:

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. Additionally, ongoing developments in power electronics, battery technology, and wiring materials are making it possible to create electrical components for airplanes that are lighter, more dependable, and more efficient. This makes it possible to install an aircraft electrical system that is more robust and adaptable.

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Aircraft Electrical Systems Outlook and Future Trends :

In-flight Entertainment Connectivity (IFEC) is Gaining Traction – On flights, passengers are expecting more and more interactive entertainment options and seamless internet access. Due to the need for increasingly robust onboard Wi-Fi networks, a variety of streaming video servers, and interactive apps, airlines are compelled to invest in sophisticated IFEC systems.

The aircraft's electrical power production and distribution capabilities must be enhanced to accommodate these sophisticated IFEC systems. Improved wiring infrastructure is therefore required to effectively distribute power throughout the cabin for screens, Wi-Fi access points, and other IFEC components. Lightweight and efficient electrical components are also needed to minimize weight penalties and maintain fuel efficiency. Finally, upgraded onboard generators and power management systems are required to handle the additional load. Therefore, growing popularity of in-flight entertainment and connectivity (IFEC) is influencing the current and future state of the Aircraft Electrical Systems Market.

Global Aircraft Electrical Systems Segmentation Analysis:

By Components

Generators- Market Size Forecast 2019-2030F, USD Million
- Starter Generators- Market Size Forecast 2019-2030F, USD Million
- Auxiliary Power Unit (APU)- Market Size Forecast 2019-2030F, USD Million
- Integrated Device Generators (IDG)- Market Size Forecast 2019-2030F, USD Million
- Variable Speed Constant Frequency (VSCF) Generator- Market Size Forecast 2019-2030F, USD Million
- Generator Control Unit (GCU)- Market Size Forecast 2019-2030F, USD Million
Conversion Devices- Market Size Forecast 2019-2030F, USD Million
- Inverter- Market Size Forecast 2019-2030F, USD Million
- Converter- Market Size Forecast 2019-2030F, USD Million
- Transformer Rectifier Unit (TRU) - Market Size Forecast 2019-2030F, USD Million
Distribution Devices- Market Size Forecast 2019-2030F, USD Million
- Wires and Cables- Market Size Forecast 2019-2030F, USD Million
- Connectors and Connector Accessories- Market Size Forecast 2019-2030F, USD Million
- Busbars- Market Size Forecast 2019-2030F, USD Million
Battery Management Systems- Market Size Forecast 2019-2030F, USD Million

According to reports In the Global Aircraft Electrical Systems Market, the generators segment is a market leader.

By Systems- Market Size Forecast 2019-2030F, USD Million

Power Generation- Market Size Forecast 2019-2030F, USD Million
Power Distribution- Market Size Forecast 2019-2030F, USD Million
Power Conversion- Market Size Forecast 2019-2030F, USD Million
Energy Storage- Market Size Forecast 2019-2030F, USD Million

By Platform- Market Size Forecast 2019-2030F, USD Million

Commercial Aviation- Market Size Forecast 2019-2030F, USD Million
Military Aviation- Market Size Forecast 2019-2030F, USD Million
Business General Aviation- Market Size Forecast 2019-2030F, USD Million

According to reports After a prolonged pandemic, the commercial aviation sector is steadily recovering, and by 2024

By End User- Market Size Forecast 2019-2030F, USD Million

OEM- Market Size Forecast 2019-2030F, USD Million
Aftermarket- Market Size Forecast 2019-2030F, USD Million

By Application- Market Size Forecast 2019-2030F, USD Million

Power Generation Management- Market Size Forecast 2019-2030F, USD Million
Flight Control Operation- Market Size Forecast 2019-2030F, USD Million
Cabin Systems- Market Size Forecast 2019-2030F, USD Million
Configuration Management- Market Size Forecast 2019-2030F, USD Million
Air Pressurization Conditioning- Market Size Forecast 2019-2030F, USD Million

By Region

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

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Some of the Market players in the Global Aircraft Electrical Systems are:

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

Aircraft Electrical Systems Recent Development:

July 2023: Crane Aerospace and Electronics has announced a partnership with Swedish electric aircraft manufacturer Heart Aerospace to define the power distribution system for Heart's ES-30 regional electric aircraft.

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