Press release
Commercial Aircraft Emergency Generators Market Size Projected To Reach $29.11 Billion By 2034 With A Cagr Of 26.1%
Commercial Aircraft Emergency Generators
What Is the Projected Growth of the Commercial Aircraft Emergency Generators Market?
The market size of commercial aircraft emergency generators has seen immense growth recently. The market is expected to expand from a value of $1.53 billion in 2024 to $1.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. The significant growth during the historical period can be tied to the escalating need for regulatory compliance, increased investments in cutting-edge aerospace technologies, the surging adoption of emergency oxygen systems, growing passenger demand for improved on-board safety, and increased demand for retrofit solutions.
Anticipated robust growth is projected for the commercial aircraft emergency generators market in the upcoming years, with its size expected to climb to $2.07 billion by 2029, with a CAGR of 6.2%. This growth during the forecast period is credited to various factors such as an escalation in passenger air traffic and air travel, a growing demand for dependable backup power systems, an intensified focus on enhancing aircraft operational efficiency, frequent aircraft fleet upgrades, and a surging demand for sustainable and environmentally-friendly aviation technologies. The forecast period is also expected to witness significant trends like technological advancements, hybrid-electric propulsion, cutting-edge energy storage, AI-driven maintenance, and digital twin technology.
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What Are the Different Commercial Aircraft Emergency Generators Market Segments?
The commercial aircraft emergency generators market covered in this report is segmented -
1) By Type Of Generator: Alternating Current Generators, Direct Current Generators, Hybrid Generators
2) By Power Output Capacity: Below 50 Kilowatt (KW), 50 Kilowatt (KW) To 100 Kilowatt (KW), 100 Kilowatt (KW) To 200 Kilowatt (KW), Above 200 Kilowatt (KW)
3) By Application: Narrow Body Aircraft, Wide-Body Aircraft, Regional Aircraft
4) By End-User: Commercial Airlines, Cargo Airlines, Charter Airlines, Government And Defense
Subsegments:
1) By Alternating Current (AC) Generators: Permanent Magnet AC Generators (PMAC), Brushless AC Generators, Synchronous AC Generators
2) By Direct Current (DC) Generators: Brushed DC Generators, Brushless DC Generators, Series Wound DC Generators
3) By Hybrid Generators: AC-DC Hybrid Generators, Integrated Starter-Generator (ISG) Systems, Variable Frequency Hybrid Generators
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What Are the Primary Drivers Shaping the Commercial Aircraft Emergency Generators Market?
The commercial aircraft emergency generators market is poised to grow due to the surge in air travel demand. Air travel, which typically involves the transportation of passengers or goods using aircraft between airports either for domestic or international journeys, has seen a boom due to factors like enhanced global income levels, better regional connectivity and expansion in global tourism and business industries. These emergency generators for commercial aircraft are key in accommodating the spiked demand for air travel, as they improve aircraft operation safety and dependability. This increased reliability not only bolsters passenger faith but also allows airlines to adhere to stringent operational standards amidst escalating air traffic. For example, in May 2024, the Welsh Government, an agency based in the UK, reported that UK airports experienced a substantial hike in passenger traffic. They recorded 272.8 million journeys in 2023, a noticeable increase from the previous year's 221.8 million. Consequently, the booming demand for air travel is fuelling the growth of the commercial aircraft emergency generators market.
Which Companies Are Leading in the Commercial Aircraft Emergency Generators Market?
Major companies operating in the commercial aircraft emergency generators market are RTX Corporation, The Boeing Company, Honeywell International Inc., GE Aerospace, Safran S.A., Eaton Corporation PLC, AMETEK Inc., Elbit Systems Ltd., KongsBerg, Curtiss-Wright Corporation, Meggitt PLC, Astronics Corporation, PowerVamp, MTU Aero Engines AG, Aeolus Aero Tech Pvt. Ltd., TLD Group, Hamilton Sundstrand Corporation, Moog Inc., Lear Siegler, Jack & Heintz
What Are the Major Trends Shaping the Commercial Aircraft Emergency Generators Market?
Leading businesses in the commercial aircraft emergency generators marketplace are prioritizing the creation of superior gas turbine generator products to enhance efficiency and decrease weight, which in turn leads to extended flight ranges and more dependable emergency power mechanisms. Gas turbine generator products, which convert fuel into mechanical energy using a gas turbine engine to generate electricity, are highly valued for their exceptional efficiency, quick start-up times, and dependability in emergency backup and industrial scenarios. For instance, in April 2024, NSK Ltd., a Japanese firm specializing in industrial equipment, unveiled a novel gas turbine generator bearing specifically tailored for eVTOLs and large drones. This bearing features a revolutionary lubrication system that reduces the necessary lubricating oil by almost 80%, resulting in lighter components and increased efficiency, ultimately leading to longer flight times and more dependable emergency power systems.
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What Are the Top Revenue-Generating Geographies in the Commercial Aircraft Emergency Generators Market?
North America was the largest region in the commercial aircraft emergency generators market in 2024. Asia-Pacific region is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft emergency generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Commercial Aircraft Emergency Generators Market?
2. What is the CAGR expected in the Commercial Aircraft Emergency Generators Market?
3. What Are the Key Innovations Transforming the Commercial Aircraft Emergency Generators Industry?
4. Which Region Is Leading the Commercial Aircraft Emergency Generators Market?
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