As there is advancement in technologies, aviation companies aim to incorporate cutting-edge systems to elevate safety, efficiency, and overall operational capabilities. Advancements in avionics, propulsion systems, and communication technologies drive the imperative for continual upgrades. Evolving aviation regulations and safety benchmarks frequently mandate revisions to existing aircraft systems, compelling operators to align their fleets with the latest standards. Moreover, pursuing modernization ensures regulatory compliance and enhances operational efficiency, resulting in cost-effectiveness and minimized downtime.
In addition, aviation companies focus on the integration of upgraded aircraft electrical system components for improved performance, increased power output, and enhanced durability. For instance, in August 2023, European Union Aviation Safety Agency (EASA) announced the Hartzell Engine Tech supplemental type certificate (STC) approval of Plane-Power ALT-FLX alternator upgrades in a wide variety of piston-powered airplanes and helicopters. The STC approval signifies that aviation authorities, both in the U.S. (FAA) and the European Union (EASA), have recognized and authorized the use of advanced alternator upgrades in a variety of piston-powered airplanes and helicopters. Such upgrades reflect the broader trend of aircraft modernization and upgrades, contributing to the growth and evolution of the aircraft electrical system market.
The main function of a battery within an aircraft's electrical system is to store electrical energy for vital operations, particularly during crucial flight phases and emergency situations. In traditional aircraft, the battery is employed to energize the starter motor during the engine initiation process, supplying the initial electrical energy needed to rotate the engine's crankshaft until it achieves operational status. The demand for advanced battery technologies is on the rise due to the development and acceptance of electric and hybrid-electric aircraft. These batteries play a pivotal role as the primary energy source for electric propulsion systems, fostering the expansion of the battery market. Aircraft manufacturers are actively pursuing battery solutions that are both lightweight and possess high-energy density to improve overall efficiency and performance. The integration of advanced batteries, featuring enhanced energy density, becomes instrumental in extending flight ranges and reducing overall aircraft weight-critical considerations in the aviation sector. Continuous progress in battery technologies, such as lithium-ion and solid-state batteries, contributes to heightened energy density, faster charging capabilities, and improved safety features. These technological advancements play a key role in the widespread adoption of batteries across various aircraft applications.
In the aircraft electrical system, a generator plays a crucial role as a central component responsible for generating electrical power. The generator produces electrical energy by transforming mechanical energy, usually derived from the aircraft's engines. The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices.
The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices. This surge in electrical demand necessitates more robust and capable generators to ensure a stable and sufficient power supply. For instance, in June 2023, Safran Helicopter Engines entered a partnership with Electra.aero, Inc. (Electra) to collaborate on the development of a 600-kW electric turbogenerator propulsion system designed for Electra's innovative nine-passenger hybrid-electric short takeoff and landing (eSTOL) aircraft prototype. Such developments are expected to drive the growth of the market.
Electric bus commonly denotes a distribution system responsible for conveying electrical power to diverse components and systems within the aircraft. Functioning as a network or pathway, the electric bus facilitates the seamless flow of electrical energy, guaranteeing the provision of power to critical functions, equipment, and devices. The electric bus is a fundamental part of the aircraft's electrical architecture, facilitating the organized distribution of power to different subsystems. It helps manage and control the flow of electricity, ensuring that each component receives the appropriate voltage and current for its operation. The increasing focus on electric and hybrid-electric aircraft contributes to the demand for advanced electrical systems, including electric buses, to support these innovative propulsion technologies.
The development of high-performance, customized, and lightweight batteries enhances the efficiency of electric buses in aircraft electrical systems. For instance, Electropak Limited, a busbars manufacturer, offers custom busbars to various industries, including aerospace. These busbars are crucial components in the electrical power distribution system of an aircraft. The aircraft electrical system market is segmented on the basis of component, system, end use and region. Based on component, it is segmented into battery, generator, electric bus, and others. On the basis of system, it is classified into power generation, power distribution, power conversion, and energy storage. By end use, it is categorized into commercial, and defense. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the aircraft electrical system market include Safran Group, Amphenol Corporation, General Electric, Collins Aersopace, Astronics Corporation, Crane Aerospace & Electronics, AMETEK.Inc, PARKER HANNIFIN CORP, Thales Group, and Honeywell International Inc.
In addition, aviation companies focus on the integration of upgraded aircraft electrical system components for improved performance, increased power output, and enhanced durability. For instance, in August 2023, European Union Aviation Safety Agency (EASA) announced the Hartzell Engine Tech supplemental type certificate (STC) approval of Plane-Power ALT-FLX alternator upgrades in a wide variety of piston-powered airplanes and helicopters. The STC approval signifies that aviation authorities, both in the U.S. (FAA) and the European Union (EASA), have recognized and authorized the use of advanced alternator upgrades in a variety of piston-powered airplanes and helicopters. Such upgrades reflect the broader trend of aircraft modernization and upgrades, contributing to the growth and evolution of the aircraft electrical system market.
The main function of a battery within an aircraft's electrical system is to store electrical energy for vital operations, particularly during crucial flight phases and emergency situations. In traditional aircraft, the battery is employed to energize the starter motor during the engine initiation process, supplying the initial electrical energy needed to rotate the engine's crankshaft until it achieves operational status. The demand for advanced battery technologies is on the rise due to the development and acceptance of electric and hybrid-electric aircraft. These batteries play a pivotal role as the primary energy source for electric propulsion systems, fostering the expansion of the battery market. Aircraft manufacturers are actively pursuing battery solutions that are both lightweight and possess high-energy density to improve overall efficiency and performance. The integration of advanced batteries, featuring enhanced energy density, becomes instrumental in extending flight ranges and reducing overall aircraft weight-critical considerations in the aviation sector. Continuous progress in battery technologies, such as lithium-ion and solid-state batteries, contributes to heightened energy density, faster charging capabilities, and improved safety features. These technological advancements play a key role in the widespread adoption of batteries across various aircraft applications.
In the aircraft electrical system, a generator plays a crucial role as a central component responsible for generating electrical power. The generator produces electrical energy by transforming mechanical energy, usually derived from the aircraft's engines. The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices.
The primary role of a generator is to produce electrical power to meet the demands of the aircraft's electrical system. It serves as a source of electricity for avionics, lighting, navigation equipment, communication systems, and other electrical devices on board. Modern aircraft are equipped with a rise in the number of electrical systems, including avionics, lighting, entertainment, and communication devices. This surge in electrical demand necessitates more robust and capable generators to ensure a stable and sufficient power supply. For instance, in June 2023, Safran Helicopter Engines entered a partnership with Electra.aero, Inc. (Electra) to collaborate on the development of a 600-kW electric turbogenerator propulsion system designed for Electra's innovative nine-passenger hybrid-electric short takeoff and landing (eSTOL) aircraft prototype. Such developments are expected to drive the growth of the market.
Electric bus commonly denotes a distribution system responsible for conveying electrical power to diverse components and systems within the aircraft. Functioning as a network or pathway, the electric bus facilitates the seamless flow of electrical energy, guaranteeing the provision of power to critical functions, equipment, and devices. The electric bus is a fundamental part of the aircraft's electrical architecture, facilitating the organized distribution of power to different subsystems. It helps manage and control the flow of electricity, ensuring that each component receives the appropriate voltage and current for its operation. The increasing focus on electric and hybrid-electric aircraft contributes to the demand for advanced electrical systems, including electric buses, to support these innovative propulsion technologies.
The development of high-performance, customized, and lightweight batteries enhances the efficiency of electric buses in aircraft electrical systems. For instance, Electropak Limited, a busbars manufacturer, offers custom busbars to various industries, including aerospace. These busbars are crucial components in the electrical power distribution system of an aircraft. The aircraft electrical system market is segmented on the basis of component, system, end use and region. Based on component, it is segmented into battery, generator, electric bus, and others. On the basis of system, it is classified into power generation, power distribution, power conversion, and energy storage. By end use, it is categorized into commercial, and defense. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the aircraft electrical system market include Safran Group, Amphenol Corporation, General Electric, Collins Aersopace, Astronics Corporation, Crane Aerospace & Electronics, AMETEK.Inc, PARKER HANNIFIN CORP, Thales Group, and Honeywell International Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft electrical system market analysis from 2022 to 2032 to identify the prevailing aircraft electrical system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aircraft electrical system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aircraft electrical system market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Electric Bus
- Others
- Battery
- Generator
By System
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
By End Use
- Commercial
- Defense
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Safran Group
- Astronics Corporation
- General Electric
- Amphenol Corporation
- Thales
- Honeywell International Inc.
- Crane Aerospace & Electronics
- PARKER HANNIFIN CORP
- AMETEK.Inc
- Collins Aersopace
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY COMPONENT
CHAPTER 5: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY SYSTEM
CHAPTER 6: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY END USE
CHAPTER 7: AIRCRAFT ELECTRICAL SYSTEM MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Safran Group
- Astronics Corporation
- General Electric
- Amphenol Corporation
- Thales
- Honeywell International Inc.
- Crane Aerospace & Electronics
- PARKER HANNIFIN CORP
- AMETEK.Inc
- Collins Aersopace
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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