Aircraft electrical system market share is growing at a CAGR of 6.5%,

Global Aircraft Electrical Systems Market was valued at USD 19.37 Billion in 2020 and is projected to reach USD 28.32 Billion by 2028, growing at a CAGR of 6.5% during the forecast period.

The aviation industry is increasingly adopting integrated power electronic products in its key application areas, which is one of the major driving factors for electrical products in the global market. The trend of shifting from conventional pneumatic and hydraulic systems to electric systems is further driving the growth of the market.

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Modern aircraft programs have high power engines with enhanced thrust and electronic integration for smooth control and operations of different aircraft. Additionally, increasing penetration of IFE (In-Flight Entertainment) and IoT (Internet of Things) in modern aircraft programs is also fueling the growth of the market.

Among the system types, power generation holds huge dominance and offers significant growth opportunities in the global market. Modern aircraft platforms demand higher frequency and high voltage switching with increasing power requirements, thus fueling the power generation segment market. The increasing demand for energy facilitates efficient electrical products with improved arc fault detection and highly reliable generator systems.

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Market players such as Acme Aerospace Inc. & Avionic Instruments, LLC, AMETEK Inc., Amphenol Corporation, Astronics Corporation, BAE Systems, Carlisle Interconnect Technologies, Collins Aerospace, Crane Aerospace & Electronics, Delorean Aerospace LLC, EaglePicher Technologies, Esterline Technologies , GE Aviation, Hartzell Engine Technologies LLC, Honeywell International, Meggitt plc, PBS AEROSPACE, Pioneer Magnetics, Radiant Power Corp, Safran SA, Thales Group are some of the major players competing in the global market.

Major players in the market are working towards improving more efficient designs of electrical products with increased efficiency. In August 2021, Microchip Technology Inc. announced the development of the family of power modules (BL1, BL2 and BL3), offering greater efficiency in the conversion and generation of energy, supporting the trend of electrification in the aviation industry.

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Polaris Market Research has segmented the Aircraft Electrical Systems market report on the basis of Aircraft, System, Component, Application, and Region:

Aircraft Electrical System, Aircraft Outlook (Revenue USD Billion, 2016 – 2028)

Narrow body
wide body
Regional
general aviation
Helicopter
Military

Aircraft Electrical System, System Outlook (Revenue – USD Billion, 2016 – 2028)

energy production
Energy distribution
Power conversion
Storage

Aircraft Electrical System, Components Outlook (Revenue – USD Billion, 2016 – 2028)

Generators
Relays and contactors
Conversion components
circuit breakers
Battery
Others

Aircraft Electrical System, Application Outlook (Revenue – USD Billion, 2016 – 2028)

energy production
Cabin operations
Configuration Management
Utility Management
Others

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