Press release
Aircraft Electrical System Market Segmentation, Forecast, Market Analysis, Global Industry Size and Share to 2025
Browse the full report description of “Aircraft Electrical System Market by Technology (Power Distribution, Power Generation, Energy Storage Device, Power Conversion), by End-User (Commercial Aviation, Military Aviation, Business & General Aviation) – Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025” at https://www.omrglobal.com/industry-reports/aircraft-electrical-system-market
The high-power consumption and high heat generation are the major restraints of the aircraft electrical system market. Therefore, to address these problems key market players are continuously making significant investments in the R&D to develop more improved, efficient, and reliable aircraft electrical systems. New product developments and launches are the major strength of market players. For instance, in 2019, Safran has introduced new power electronics for aircraft, such as an electrical thrust reverser actuation system and an electrical braking actuation controller. Additionally, potential growth in this segment has resulted in an increased number of orders for aircraft to address the rising air passenger traffic. This provides aircraft electrical suppliers ample growth opportunities.
Moreover, the key companies of the market are adopting growth strategies such as mergers & acquisitions, strategic expansions, and agreements to increase their revenue in the aircraft electrical system market as the installation of this system involves huge capital expenditure. For instance, in February 2019 Safran signed a contract with AVIC to offer the primary and auxiliary electrical generation system for MA700, which is a regional turboprop aircraft. In April 2018 AMETEK entered in an agreement with AAR to provide generator control units, primary and secondary power distribution, power distribution units, and starter generators for commercial aircraft & helicopter market.
In November 2018, Honeywell received a contract from the US air force having a value of $1.03 billion for providing logistics support for secondary power systems and ground-based auxiliary power systems for multiple aircraft types.
Current Market Trends Covered in the market report:
• Advancement in technology of power electronics system and the rising need to develop fuel cells to reduce the emission of heat- an opportunity for aircraft electrical system manufacturers.
• High investment is done for creating new manufacturing space and discovering new technologies to upgrade more and more aircraft electrical systems.
• To speed up the development process virtual aircraft are being created virtually.
• Partnerships & collaborations – key drivers of competition in this market.
• North America to show a significant contribution to the global aircraft electrical system market.
To know more information, please request a free report sample https://www.omrglobal.com/request-sample/aircraft-electrical-system-market
Aircraft Electrical System Market Segmentation
By Technology Type
• Power Distribution
• Power generation
• Energy Storage Device
• Power conversion
By End-User Type
• Commercial Aviation
• Military aviation
• Business & General Aviation
Visit here to know more about Aircraft Electrical System Market study https://www.omrglobal.com/industry-reports/aircraft-electrical-system-market
Aircraft Electrical System Market –Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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