Press release
Aircraft Generators Global Market Report 2025: A Strong Hike into a $6.38 Billion Market by 2025
Aircraft Generators Market
What Is The Projected Market Size Of The Global Aircraft Generators Market And Its Growth Rate?
The term "propelled" has been meticulously appropriate in context of the aircraft generators market growth. The market size figures as follows:
• 2024 Market Size: $5.9 billion
• 2025 Market Size: $6.38 billion (8.1% CAGR)
• 2029 Market Size: $8.6 billion (7.8% CAGR)
The significant strides in the market are credited to the prevailing electrification of aircraft, the expansion of commercial aviation, and military requirements.
What Is Driving The Growth In The Aircraft Generators Global Market Report 2025?
The rise in air travel is a significant factor spurring the growth of the aircraft generators market. The demands for air travel escalate the necessity for aircraft generators which ensure smooth functioning of various machinery in-flight. According to the International Air Transport Association (IATA), air traffic in 2023, ascended by 36.9% against that in 2022. This surge pinned the year 2023 as an exponential year for the aircraft generators market.
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Who Are the Key Players Driving Aircraft Generators Market Growth?
The following major companies exhibit a firm grip over the global aircraft generator market:
• General Electric Company
• RTX Corporation
• Boeing Co.
• Honeywell International Inc.
• Safran S.A.
• Thales Group
• Ametek Inc.
• TransDigm Group Inc.
• Regal Beloit Corporation
• Diehl Stiftung & Co. KG
• Smiths Group PLC
• Woodward Inc.
What Are The Key Trends In The Aircraft Generators Market?
The ongoing trends in the aircraft generators market draw ample traction to:
• Market shifts with the emergence of new aircraft models
• Integration of sustainable power solution
• Advancements in power generation technologies
• Increased demand for lightweight and compact systems
• Ascendency of electric propulsion systems
What Are The Segments Of The Global Aircraft Generators Market?
The report identifies the following segments in the aircraft generators global market:
1) Type: Variable Speed, Constant Frequency, Auxiliary Power Unit, Starter Generator, Integrated Drive Generator, Alternator
2) Aircraft Technology: Conventional Aircraft, Hybrid Electric Aircraft
3) Current Type: Alternating Current (AC), Direct Current (DC)
4) Platform: Fixed-Wing, Rotary-Wing
5) End Use: Original Equipment Manufacturer (OEM), Aftermarket
Which Region Leads The Aircraft Generators Global Market Report 2025?
North America leads the global aircraft generators market in 2024. The market extends its reach toward regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Generators Global Market Report?
- Market Size Analysis: Analyses the Aircraft Generators Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identifies various sub-segments within the Aircraft Generators Market for effective categorisation.
- Key Player Focus: Focuses on key players defining their market value, share, and competitive landscape.
- Growth Trends Analysis: Examines individual growth trends and prospects in the Market.
- Market Contribution: Evaluates contributions of different segments to the overall Aircraft Generators Market growth.
- Growth Drivers: Details key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyses challenges and risks affecting the Aircraft Generators Market.
- Competitive Developments: Analyses competitive developments, such as expansions, agreements, and new product launches in the market.
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