Global Aircraft Electrical Solid-State Power Controller (SSPC) Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2032

The global aircraft electrical solid-state power controller or SSPC market was valued at US$ 263 million in 2023 and registered a healthy growth of 5% during 2024-2032.

Recent tribulations in the industry caused a stroke of bad luck not just for the aircraft SSPCs market stakeholders, but for the entire aerospace realm. During the past few years, the industry struggled to stay afloat amid the COVID-19 thunderstorm. The existing dark clouds of the B737 MAX grounding acted as hay to the fire. The grave impact of this struggle was evident in the aircraft SSPCs market during 2020-2021. However, the last few years have been a journey toward a slow and steady recovery. This has posed 2024 as a year full of ample opportunities and growth.

Recent Product Developments

Key focus areas for leading players include lightweight and compact designs and the ability to function efficiently at high power.

Recent Market JVs and Acquisitions

• 2019: TransDigm acquired Leach International Corporation
• 2023: Safran acquired Thales' aeronautical electrical systems business

Aircraft Insights: Commercial aircraft accounted for the largest market share

Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft are expected to remain at the forefront and grow at a healthy pace during the forecast period. Both Airbus and Boeing finished 2023 with a bang, with Airbus breaking three industry records. For the year 2023, Airbus received 2,319 gross orders and delivered 735 aircraft. Boeing on the other hand received 1,456 gross orders and delivered 528 aircraft.

Phase Insights: Three-phase SSPC accounted for the largest market share

Based on the phase type, the market is segmented into single-phase SSPCs and three-phase SSPCs. Between these phase types, three-phase SSPC is expected to remain the dominant phase-type in the market during the forecast period. Single-phase SSPCs are suitable for smaller aircraft or sub-systems of large aircraft. Three-phase SSPCs are designed to handle higher electrical power as compared to single-phase SSPCs; hence, they are suitable for large aircraft and crucial applications where high-power management is required.

Regional Trends: North America accounted for the largest market share

In terms of regions, North America is expected to remain the largest market for aircraft SSPCs during the forecast period. North America and Europe steered the market with a collective share of >75% in 2023. The favored place for aircraft manufacturing, North America grabbed the biggest chunk of the market and is likely to maintain its undeniable dominance till 2032. Airbus surpassed Boeing in terms of deliveries, winning the deliveries crown for the fifth consecutive year. This ultimately fuels the European market. Key thrust-bearer for North America: the USA, for Europe: France and Germany, and for Asia-Pacific: China and India. Emerging players in Asia-Pacific, such as Shanghai HYJAS Electronics Co. Ltd., Infineon Technologies, and YoungPoong Electronics Co., Ltd., are fueling the long-term region’s growth.

Key Players

The following are the key players in the aircraft SSPCs market:

• Safran Group
• Collins Aerospace (Raytheon Technologies Corporation)
• TransDigm Group (Leach International Corporation)
• GE Aviation

Report Features

This report provides market intelligence in the most comprehensive way. 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.

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert:

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

The Aircraft SSPCs Market is segmented into the following categories:

By Aircraft Type

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft
• UAV

By Phase Type

• Single-Phase SSPCs
• Three-Phase SSPCs

By Fit Type

• Original Equipment
• Aftermarket

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 provides a comprehensive analysis that reflects today’s aircraft electrical solid-state power controller (SSPC) market 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 the 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 the analyst'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. The analyst conducted more than 10 detailed primary interviews with the market players across the value chain in Europe and industry experts to obtain both qualitative and quantitative insights.