The Aircraft Electrical System Market is expected to be around US$ 27.29 Billion by 2027 at a CAGR of 6% in the given forecast period.
The global Aircraft Electrical System market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Aircraft Electri
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Rising manufacturing or production of civil aircrafts due to the surging number of air travelling passengers worldwide is a factor to fuel the growth of the target market. Growing development for exquisite customer experiences commercial aircrafts are improving their services by including providing such as in-flight entertainment, seat power supply and various others. This in turn is a factor projected to compel global market growth in the near years. Rising technological advancements by several battery manufacturers to offer high-density battery solutions in electric aircraft is among key factor projected to stimulate the market growth. Electrical aircrafts have obtained high traction due to increasing natural fuel consumption, pollution and efficient substitute to fuel making it cost beneficial. This is a factor which is also likely to favor the target market.
The global Aircraft Electrical System market is segregated on the basis of Product as Generation, Conversion, Storage, Distribution and Others. Based on Distribution Type the global Aircraft Electrical System market is segmented in Line-fit and Retrofit. Based on Application the global Aircraft Electrical System market is segmented in Power Generation, Utility Management, Configuration Management, Flight Controlling and Others. Based on End Use the global Aircraft Electrical System market is segmented in Commercial and Defense.
The global Aircraft Electrical System market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Aircraft Electrical System market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Astronics Corp., mphenol Corp., AMETEK.Inc., Avionic Instruments, LLC, BAE Systems plc, Crane Aerospace & Electronics, Carlisle Companies Inc., EaglePicher Technologies, LLC, General Electric Co., Honeywell International Inc., and others are among the major players in the global Aircraft Electrical System market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
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The Aircraft Electrical System Market has been segmented as below:
Aircraft Electrical System Market, By Product
- Generation
- Conversion
- Storage
- Distribution
- Others
Aircraft Electrical System Market, By Distribution Type
- Line-fit
- Retrofit
Aircraft Electrical System Market, By Application
- Power Generation
- Utility Management
- Configuration Management
- Flight Controlling
- Others
Aircraft Electrical System Market, By End Use
- Commercial
- Defense
Aircraft Electrical System Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Aircraft Electrical System Market, By Company
- Astronics Corp.
- mphenol Corp.
- AMETEK.Inc.
- Avionic Instruments, LLC
- BAE Systems plc
- Crane Aerospace & Electronics
- Carlisle Companies Inc.
- EaglePicher Technologies, LLC
- General Electric Co.
- Honeywell International Inc.
- Hartzell Engine Technologies LLC
- Meggitt PLC
- Nabtesco Corp.
- PBS AEROSPACE Inc.
- Raytheon Technologies Corp.
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The report covers:
- Global Aircraft Electrical System market sizes from 2021 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Aircraft Electrical System market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Aircraft Electrical System market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Aircraft Electrical System market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Aircraft Electrical System market share. Major industry players with significant revenue share include Astronics Corp., mphenol Corp., AMETEK.Inc., Avionic Instruments, LLC, BAE Systems plc, Crane Aerospace & Electronics, Carlisle Companies Inc., EaglePicher Technologies, LLC, General Electric Co., Honeywell International Inc., and others.
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