Global Aircraft Electrical Systems Market Size & Insights

The Global Aircraft Electrical Systems Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30. The Global Global Aircraft Electrical Systems Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Global Aircraft Electrical Systems. 

What are the Key DROs in the Global Aircraft Electrical Systems Market??

Inclination Toward More Electric Technology to Optimize Overall Aircraft Performance – The shift toward more electric technology is, in fact, one of the main forces behind the aircraft electrical systems market. In many aircraft tasks, this trend is typified by a move away from conventional pneumatic and hydraulic systems and toward electrical alternatives. The rising use of electric technology in aircraft is a result of several variables, all of which have a major impact on the growth and development of aircraft electrical systems.

Aircraft weight can be reduced by switching out hydraulic and pneumatic systems with aircraft electrical power systems. This translates into a greater range, more fuel economy, and possibly cheaper production costs. Furthermore, compared to conventional systems, aircraft electrical systems have a better efficiency in turning fuel energy into propulsion. As a result, less fuel is used and fewer pollutants are produced. Improved aircraft handling and maneuverability result from the quicker and more accurate control of systems like landing gear and flaps offered by electrical systems. Therefore, several factors, such as the desire for increased fuel efficiency, weight reduction, easier maintenance, increased reliability, environmental concerns, technological advancements, and the electrification of various aircraft systems, are driving the aviation industry's trend toward more electric technology. Throughout the projection years, the aircraft electrical power systems industry is anticipated to be driven by a persistent focus on these factors.

What are the Key Segments in the Global Aircraft Electrical Systems Market?

The Global Aircraft Electrical Systems is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Components

-Generators- Market Size & Forecast 2019-2030F, USD Million

-Starter Generators- Market Size & Forecast 2019-2030F, USD Million

-Auxiliary Power Unit (APU)- Market Size & Forecast 2019-2030F, USD Million

-Integrated Device Generators (IDG)- Market Size & Forecast 2019-2030F, USD Million

-Variable Speed Constant Frequency (VSCF) Generator- Market Size & Forecast 2019-2030F, USD Million

-Generator Control Unit (GCU)- Market Size & Forecast 2019-2030F, USD Million

-Conversion Devices- Market Size & Forecast 2019-2030F, USD Million

-Inverter- Market Size & Forecast 2019-2030F, USD Million

-Converter- Market Size & Forecast 2019-2030F, USD Million

-Transformer Rectifier Unit (TRU) - Market Size & Forecast 2019-2030F, USD Million

-Distribution Devices- Market Size & Forecast 2019-2030F, USD Million

-Wires and Cables- Market Size & Forecast 2019-2030F, USD Million

-Connectors and Connector Accessories- Market Size & Forecast 2019-2030F, USD Million

-Busbars- Market Size & Forecast 2019-2030F, USD Million

-Battery Management Systems- Market Size & Forecast 2019-2030F, USD Million

By Systems- Market Size & Forecast 2019-2030F, USD Million

-Power Generation- Market Size & Forecast 2019-2030F, USD Million

-Power Distribution- Market Size & Forecast 2019-2030F, USD Million

-Power Conversion- Market Size & Forecast 2019-2030F, USD Million

-Energy Storage- Market Size & Forecast 2019-2030F, USD Million

By Platform- Market Size & Forecast 2019-2030F, USD Million

-Commercial Aviation- Market Size & Forecast 2019-2030F, USD Million

-Military Aviation- Market Size & Forecast 2019-2030F, USD Million

-Business & General Aviation- Market Size & Forecast 2019-2030F, USD Million

By End User- Market Size & Forecast 2019-2030F, USD Million

-OEM- Market Size & Forecast 2019-2030F, USD Million

-Aftermarket- Market Size & Forecast 2019-2030F, USD Million

By Application- Market Size & Forecast 2019-2030F, USD Million

-Power Generation Management- Market Size & Forecast 2019-2030F, USD Million

-Flight Control & Operation- Market Size & Forecast 2019-2030F, USD Million

-Cabin Systems- Market Size & Forecast 2019-2030F, USD Million

-Configuration Management- Market Size & Forecast 2019-2030F, USD Million

-Air Pressurization & Conditioning- Market Size & Forecast 2019-2030F, USD Million

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By Region

-North America

-South America

-Middle East & Africa

-Europe

-Asia-Pacific.

Who are the Key Players in Global Aircraft Electrical Systems Market?

Ametek, Inc., Safran, Astronics Corporation, Amphenol Corporation, PBS Aerospace, Honeywell International Inc., Meggitt Plc, Thales Group, United Technologies Corporation, General Electric, RTX Corporation, Acme Aerospace Inc. & Avionic Instruments LLC, Crane Aerospace & Electronics, Hartzell Engine Technologies LLC, Nabtesco Corporation, Others..

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Global Aircraft Electrical Systems Market News

• 2024: BOE Technology Group showcased curved and foldable automotive displays up to 17 inches, featuring a unique “breathing display” design. The company also planned curved Mini LED monitors, including a 34″ (1500R, 165Hz) and a 39.7″ (1400R, 144Hz) model with high resolutions and over 1,000 dimming zones. These products began launching in late 2023 and continued into 2024.

• 2025: LG Display launched the LG UltraFine 40U990A-W is a 40-inch curved business monitor. It features a sharp 5K2K resolution (5120×2160), Thunderbolt 5 connectivity, and a smooth 120Hz refresh rate. With a 1000R curve, it offers an immersive viewing experience.

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