Global Aircraft Electrical System Market Size, Demand, Trends, Share, Growth and Revenue Estimation by 2026

According to MarkNtel Advisors, the Global Aircraft Electrical System Market is anticipated to grow at a CAGR of 7.90% during the forecast period, i.e., 2021-26. It owes to the introduction of low-cost electrical systems like electric converters, inventors, and fiber cables in aircraft electrical systems.

Moreover, the governments of different countries are massively investing in their defense sectors to boost their defense capabilities, which, in turn, shall also drive the market. The key leaders in the Global Aircraft Electrical System Market include Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies, Honeywell, Meggitt, Thales Group, United Technologies Corporation, and GE Aviation.

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Key Questions Answered in the Study
1. What are the current & future trends in the Global Aircraft Electrical System Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Aircraft Electrical System Market?
5. What are the customer orientation, purchase behavior, and expectations from the aircraft electrical system manufacturers across various regions?

Covid-19 Severely Impacted the Global Aircraft Electrical System Market

• The year 2020 dreadfully impacted the Global Aircraft Electrical System Market.
• In the view of Covid-19, governments of most countries imposed strict movement restrictions to combat the virus spread.
• Consequently, both domestic & international travel bans came as a new challenge to the aviation industry.
• The supply chain disruptions for commercial aircraft further reduced demand and directly affected the market.
• However, the market started recovering slowly with the gradual ease of norms.
• Moreover, with substantial investments by leading market players toward upgrading fleet with integrated electrical systems, the market is likely to witness considerable growth during the forecast years.

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According to the research report, the Global Aircraft Electrical System Market, based on the Application, segments into:

• Power Generation Management
• Flight Control & Operation
• Cabin System
• Configuration Management
• Air Pressurization & Conditioning.

Of them all, the Flight Control & Operation application dominated the market with the largest share in recent years, mainly due to the emergence of innovative power system solutions that enhance the electrical efficiency & performance of business jets during flight operations. Moreover, the surging use of generators & power converters for configuration management, cabin services, and air pressurization & conditioning also contributed to the demand for aircraft electrical systems for flight control & operation application, further states MarkNtel Advisors in their research report, "Global Aircraft Electrical System Market Analysis, 2021."

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Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Aircraft Electrical System Market are Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies, Honeywell, Meggitt, Thales Group, United Technologies Corporation, GE Aviation.

Market Segmentation:
1. By Component (Generators (Starter Generators, Auxiliary Power Unit (APU), Integrated Device Generators (IDG), Variable Speed Constant Frequency (VSCF) Generator, Generator Control Unit (GCU)), Conversion Devices (Inverter, Converter, Transformer Rectifier Unit (TRU)), Distribution Devices (Wires & Cables, Connectors & Connector Accessories, Busbars), and Battery Management System (others))
2. By System (Power Generation, Power Distribution, Power Conversion, Energy Storage)
3. By Platform (Commercial Aviation, Military Aviation, Business & General Aviation)
4. By End User (OEM, Aftermarket)
5. By Application (Power Generation Management, Flight Control & Operation, Cabin System, Configuration Management, Air Pressurization & Conditioning)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
7. By Countries (US, Canada, Mexico, Brazil, Germany, France, UK, Russia, Italy, UAE, Saudi Arabia, Israel, China, India, Japan, Others)
8. By Competitors (Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies, Honeywell, Meggitt, Thales Group, United Technologies Corporation, GE Aviation)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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