Aircraft Electrical System Market Share, Trends, Revenue, Demand, Key Players, Growth Drivers, Challenges and Future Investment Opportunities Till 2033


Aircraft Electrical System Market Share, Trends, Revenue, Demand, Key Players, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Published: May-2024
 Author: SPER Analyst

Aircraft Electrical Distribution System Market is projected to be worth USD 3.28 billion by 2033 and is anticipated to surge at a CAGR of 8.89%.

An aircraft's electrical distribution system links its generators to the many electrically-powered equipment and systems used for both in-flight and on-ground operations. Primary and secondary power distribution systems make up the two segments of the electrical distribution system market. Each of them performs several tasks for the electrical system. Protecting aircraft wiring against electrical overloads and keeping an eye out for any power surge incidents in the distribution circuit are two other crucial roles played by the electrical distribution system. Through the use of circuit protection devices, this is accomplished.

Global Aircraft Electrical Distribution System Market Driving Factors and Challenges
The majority of non-propulsive systems in a typical aircraft are powered by a mix of mechanical, electric, hydraulic, and pneumatic sources. These systems do, however, have several drawbacks, including a high danger of fire, low fuel-to-energy conversion efficiency, and possible fluid leaks that are corrosive. Conversely, greater electric technology describes how the majority of an aircraft's non-propulsive systems are powered by electricity. In order to attain performance efficiency with lower power consumption, the more electric architecture is power-optimized. Because there are no longer any hydraulic reservoirs required, the aircraft is lighter thanks to the switch from hydraulic to electric power. Fuel economy rises as the total weight of the aircraft is reduced. 

Research and development efforts must be made in great detail in order to create and test aircraft electrical systems. The costs associated with developing, testing, and refining new technologies drive up the total investment. Aircraft electrical systems sometimes require customized, specialist parts that meet aviation regulations. The cost of manufacture and procurement of these components increases much more. The pursuit of developing state-of-the-art aircraft electrical systems involves significant expenses for research and development as well as the acquisition of specific parts that must meet aviation regulations. Consequently, it is anticipated that the high initial investment and development costs linked to the aircraft electrical system would impede market expansion throughout the projected timeframe.

Impact of COVID-19 on Global Aircraft Electrical Distribution System Market
Over the next years, the negative effects of COVID-19 on the aerospace and military industry are probably going to put a stop to the worldwide market for aircraft electrical systems expansion. Since the start of the epidemic, the aviation sector has seen an unparalleled downturn. The viral outbreak has had a major effect on airline firms. In comparison to 2020, fewer scheduled flights were operated globally in 2021. 2020 saw a sharp loss in airline businesses' revenues as a result of the global drop in air travel. In comparison to last year, the aviation sector has experienced little to no growth. 

Global Aircraft Electrical Distribution System Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Amphenol Corporation, AMETEK.Inc., Astronics Corporation, Crane Aerospace & Electronics, Collins Aerspace, General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., Safran Group, Thales.

Global Aircraft Electrical Distribution System Market Segmentation:

By Component: Based on the Component, Global Aircraft Electrical Distribution System Market is segmented as; Electric Bus, Battery, Generator, Others

By System: Based on the System, Global Aircraft Electrical Distribution System Market is segmented as; Power Generation, Power Generation, Power Conversion, Energy Storage

By End Use: Based on the End Use, Global Aircraft Electrical Distribution System  Market is segmented as; Commercial, Defense.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]