Press release
Aircraft Generators Market Set to Reach $8.6 Billion by 2029 with 7.8% Yearly Growth
Aircraft Generators Market Size
The aircraft generators market is expected to undergo rapid growth due to the rise in demand for air transportation. Air travel, which involves moving passengers or cargo from one place to another using aircraft, heavily depends on aircraft generators. These generators supply the electrical power necessary for various functions like intercoms, communication radios, navigation, and inflight entertainment systems. As per the International Air Transport Association (IATA), a trade organization for global airlines based in the US, the overall air travel traffic in 2023 went up by 36.9% compared to 2022. International traffic recorded a 24.2% hike in December 2023 compared to the same period in 2022, with domestic traffic seeing a 27.0% increase year-on-year. This surge in air travel demand underlines the concurrent growth in the aircraft generators market. Vigor in the Commercial Aircraft Sector Spurs Aircraft Generators Market Growth
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How will the growth rate of the aircraft generators market shape industry trends by 2034?
There has been a robust growth in the market size of aircraft generators in the last few years. This market is expected to rise from $5.9 billion in 2024 to $6.38 billion in 2025, showing a compound annual growth rate (CAGR) of 8.1%. Factors leading to growth during the historical period include early electrification of aircraft, criteria set by military aviation, expansion in commercial aviation, and adherence to standards and regulations.
The market size of aircraft generators is poised for robust growth in the upcoming years and is projected to reach $8.6 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%. This predicted growth during the forecast period can be ascribed to the fast-paced expansion of the aviation sector, the electrification of aircraft systems, a spotlight on fuel efficiency and sustainability, the escalating demand for lightweight components, and the incorporation of hybrid propulsion systems. Key trends for this period consist of market fluctuations due to the introduction of new aircraft models, the inclusion of eco-friendly power solutions, power generation technology advancements, requirements for lightweight and compact systems, and the emergence of electric propulsion systems.
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What trends are poised to drive the future success of the aircraft generators market?
Key players in the aircraft generators market are prioritizing technological innovations like hybrid electric demonstrator engines to boost aircraft performance and lower emissions. A hybrid electric demonstrator engine merges traditional jet fuel technology with electric powered motors/generators to increase power efficiency and cut down emissions. For example, in June 2024, U.S.-based Aerospace company, General Electric Company, partnered with National Aeronautics and Space Administration, a U.S. Government agency, to release a hybrid electric demonstrator engine. This engine seamlessly integrates an electric motor/generator into a commercial turbofan engine to increase power during different operational stages. The creation of this hybrid electric engine signifies a key advancement towards sustainable aviation norms. It supports the wider industry objectives to electrify aircraft fleets and dramatically decrease carbon emissions by 2050.
Which primary segments of the aircraft generators market are driving growth and industry transformations?
The aircraft generators market covered in this report is segmented -
1) By Type: Variable Speed, Constant Frequency, Auxiliary Power Unit, Starter Generator, Integrated Drive Generator, Alternator
2) By Aircraft Technology: Conventional Aircraft, Hybrid Electric Aircraft
3) By Current Type: Alternating Current (AC), Direct Current (DC)
4) By Platform: Fixed-Wing, Rotary-Wing
5) By End Use: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Variable Speed: Permanent Magnet Generator (PMG), Induction Generator
2) By Constant Frequency: Brushless Generators, Synchronous Generators
3) By Auxiliary Power Unit (APU): Turbojet APUs, Turbofan APUs
4) By Starter Generator: Electric Starter Generators, Pneumatic Starter Generators
5) By Integrated Drive Generator (IDG): Constant Speed Drive (CSD), Variable Speed Drive (VSD)
6) By Alternator: Single-Phase Alternators, Three-Phase Alternators
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Which geographical regions are pioneering growth in the aircraft generators market?
North America was the largest region in the aircraft generators market in 2024. The regions covered in the aircraft generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the aircraft generators market landscape?
Major companies operating in the aircraft generators market report are 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., HEICO Corporation, Sinfonia Technology Co. Ltd., Crane Aerospace & Electronics LLC, Astronics Corporation, PBS Aerospace Inc., Dayton-Granger Inc., Calnetix Technologies LLC, Chelton Limited, Aerolec Technology Corporation, Arc Systems Inc., Duryea Technologies Inc., Epropelled Systems Private Limited, Motor Magnetics Inc., Technodinamika Corporation, Plane Power Alternators LLC
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What Is Covered In The Aircraft Generators Global Market Report?
• Market Size Forecast: Examine the aircraft generators market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft generators market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft generators market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft generators market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft generators market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft generators market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft generators market.
• Competitive Landscape: Review strategic developments in the aircraft generators market, including expansions, agreements, and new product launches.
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