Aircraft Generators Market Size Forecasted To Achieve $8.6 Billion By 2029 With Steady Growth

The Aircraft Generators Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Aircraft Generators Market Size and Projected Growth Rate?
The market size for aircraft generators has seen considerable growth in the past few years. The sector's growth is anticipated to increase from $5.9 billion in 2024 to $6.38 billion in 2025, at a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this growth during the historical period include early electrification of aircraft, military aviation needs, the proliferation of commercial aviation, along with the pressure of standardization and regulatory compliance.

Strong expansion is anticipated in the aircraft generators market in the upcoming years, with its size predicted to reach $8.6 billion by 2029, revealing a compound annual growth rate (CAGR) of 7.8%. The growth predicted during this period owes to the swift expansion in the aviation sector, electrifying aircraft systems, emphasis on fuel efficiency and sustainability, rising demand for lightweight components, as well as the amalgamation of hybrid propulsion systems. Major forecast period trends entail market restructuring due to the introduction of new aircraft models, assimilation of sustainable power solutions, progression in power generation technologies, increased demand for compact and lightweight systems, along with the emergence of electric propulsion systems.

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What Are the Major Segments in the Aircraft Generators Market?
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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What Are The Driving Aircraft Generators Market Evolution?
The surge in air travel demand is anticipated to boost the expansion of the aircraft generators market. The process of transporting passengers or cargo from one place to another through the atmosphere in an aircraft defines air travel. The critical role of aircraft generators in air travel is to furnish electrical energy for various functions, such as navigation, intercoms, communication radios, and in-flight entertainment systems. For example, the total traffic in air travel in 2023 escalated by 36.9% when compared to 2022, as per the International Air Transport Association (IATA), a US-based global airline industry trade association in January 2024. Additionally, international traffic experienced a 24.2% rise compared to December 2022, as reported in December 2023, while domestic traffic surged by 27.0% over the previous year. Hence, the growing requirement for air travel is fueling the aircraft generators market's growth. The escalating demand for commercial airplanes is projected to stimulate the growth of the aircraft generator market in the future. Commercial aircraft refer to those planes that are designed and utilized for passenger or cargo transportation for commercial or business ends. As airlines and cargo carriers aim to amplify their fleets to cater to the rising air travel and cargo transportation demand, airplane makers are compelled to augment their production rates. This results in an increased demand for airplane components, including generators, to outfit these new aircraft. For example, Airbus SE, an aerospace corporation based in the Netherlands, delivered 661 commercial airliners to 84 buyers in 2022, marking an 8% augmentation from the 611 units sold in 2021, as stated in January 2023. Consequently, the escalating demand for commercial planes is propelling the growth of the aircraft generator market.

Which Firms Dominate The Aircraft Generators Market Segments?
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

What Trends Are Expected to Dominate the Aircraft Generators Market in the Next 5 Years?
Leading organizations within the aircraft generators market are investing in cutting-edge technology, like hybrid electric demonstrator engines, to improve aircraft efficiency and minimize emissions. A hybrid electric demonstrator engine cleverly marries conventional jet fuel technology with electric motors/generators to optimize power efficiency and cut down on emissions. Take, for example, in June 2024, when American Aerospace company, General Electric Company, in partnership with US Government agency, the National Aeronautics and Space Administration, introduced a hybrid electric demonstrator engine. This engine integrated an electric motor/generator into a commercial turbofan engine, enhancing power across various operational stages. The creation of this futuristic hybrid electric engine marks a crucial move towards environmentally friendly aviation practices, lining up with the wider industry's aim to electrify aircraft fleets and dramatically curtail carbon emission by 2050.

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Which Is The Largest Region 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aircraft Generators Market?
2. What is the CAGR expected in the Aircraft Generators Market?
3. What Are the Key Innovations Transforming the Aircraft Generators Industry?
4. Which Region Is Leading the Aircraft Generators Market?

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