AircraftElectrical System Market Size And Forecast
AircraftElectrical System Market size was valued at USD 18.7 Billion in 2020 and isprojected to reach USD 29.8 Billion by 2028, growing at a CAGR of 5.9% from 2021 to2028.

Optimizingaircraft performance through the use of more electrical technology is animportant factor that drives the growth of the Aircraft Electrical SystemMarket. The Global Aircraft Electrical System Market report provides a holisticevaluation of the market. The report offers a comprehensive analysis of keysegments, trends, drivers, restraints, competitive landscape, and factors thatare playing a substantial role in the market.

GlobalAircraft Electrical System Market Definition
Theelectrical system of an aircraft is an autonomous network of components thatgenerate, transmit, distribute, use and store electrical energy. An electricalsystem is an integral and essential part of all aircraft designs. The capacityand complexity of the electrical system vary between light, single-enginegeneral aviation aircraft, and a modern, multi-engine, piston-powered airliner.However, aircraft electrical systems share many of the same basic components atboth ends of the complexity spectrum. Electrical systems have components withthe ability to generate electricity. Depending on the aircraft, generators oralternators are used to produce electricity.

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GlobalAircraft Electrical System Market Overview
Ina conventional aircraft, most non-propulsion systems are powered by acombination of pneumatic, hydraulic, mechanical, and electrical power sources;However, these systems have certain disadvantages such as poor fuel-to-energyconversion rate efficiency and potential leaks of corrosive liquids, togetherwith the high risk of fire. On the other hand, more electrical engineeringrefers to the use of electricity to power most of the non-fuel systems in anairplane. Most electrical architectures are power-optimized to achieve theefficiency of the power with lower power consumption.

Switchingfrom hydraulic to electric power makes the aircraft lighter because nohydraulic tanks are required. Reducing the overall weight of the aircraft leadsto greater fuel efficiency, therefore, optimizing aircraft performance is a bigdriver of the Aircraft Electrical System Market. However, Due to the sizereduction of energy conversion systems, manufacturers face challenges in termsof energy density and efficiency. The size reduction is achieved usingexpensive methods of heat dissipation techniques. This increases the overallcost of the aircraft electrical system which might restrict the market growth.

GlobalAircraft Electrical System Market: Segmentation Analysis
TheGlobal Aircraft Electrical System Market is Segmented on the basis ofComponent, Platform, and Geography.

AircraftElectrical System Market, By Component
•Generators
• Conversion devices
• Distribution devices
• Battery Management Systems

Basedon Component, the market is segmented into Generators, Conversion devices,Distribution devices and Battery Management Systems. The generator segment isexpected to lead the Aircraft Electrical System Market during the forecastperiod. Generators are an important component used in aircraft electricalsystems. They are the main source of electrical energy. Generators convertmechanical energy into electrical energy and are found in light aircraft. Theyare also driven by the engine via a belt arrangement. Aircraft with generatorsuse battery power at low engine speed. Nowadays, alternators are used toreplace generators in most aircraft.

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AircraftElectrical System Market, By Platform
•Commercial Aviation
• Military Aviation
• Business & General Aviation

Basedon Platform, the market is segmented into Commercial Aviation, MilitaryAviation and Business & General Aviation. Commercial aviation has seenstrong growth in recent years, driven by factors such as increased air traffic,higher middle class disposable income, and increased international trade andtourism. High growth In this area, has led to an increased number of aircraftorders to meet the growing number of passengers.

AircraftElectrical System Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Aircraft Electrical System Market isclassified into North America, Europe, Asia Pacific, and the Rest of the world.North America is expected to be the largest market for aircraft electricalsystem during the forecast period. The increasing demand for commercialaircraft and their increasing use in the defence sector for transportation andsurveillance activities are other factors influencing the growth of theAircraft Electrical System Market in the North American region. Largeinvestments in research and development of more electric aircraft and thegrowing demand for energy-efficient, low maintenance aircraft are also fewfactors driving the growth of the Aircraft Electrical System Market in thisregion.

KeyPlayers
The“Global Aircraft Electrical System Market” study report will provide valuableinsight with an emphasis on the global market. The major players in the marketare Safran,Collins Aerospace, Thales, Crane Aerospace & Electronics, Amphenol, AMETEK,Astronics, Honeywell, GE Aviation, and Zodiac Aerospace.

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