Comprehensive 2025 Aircraft Generators Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Aircraft Generators Market Through 2025?
In recent times, the market size for aircraft generators has seen substantial growth. The progression is projected to continue, rising from $5.9 billion in 2024 to $6.38 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. Factors that contributed to growth in the past include the advent of aircraft electrification, needs within the military aviation sector, expansion in commercial aviation, alongside standardization and compliance with regulations.

What's the Projected Size of the Global Aircraft Generators Market by 2029?
The size of the aircraft generators market is slated for considerable growth in the coming years, expected to reach a value of $8.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. This expansion throughout the forecast period can be traced back to the swift development in the aviation industry, a move towards electrifying aircraft systems, an emphasis on fuel efficiency and sustainability, an escalated demand for lightweight components, and the incorporation of hybrid propulsion systems. The upcoming period is likely to witness trends like market transition brought on by newly launched aircraft models, the implementation of eco-friendly power solutions, advancements made in power generation technologies, an increased demand for lightweight, compact systems and the emergence of electric propulsion systems.

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Top Growth Drivers in the Aircraft Generators Industry: What's Accelerating the Market?
The escalating need for air travel is set to spur the development of the aircraft generators market in the coming time. The transport of people or goods through the air from one site to another, necessitates air travel. Air travel's critical elements include aircraft generators that supply electrical energy for multiple operations such as direction-finding, communication radios, intercom, and in-flight amusement systems. For example, the International Air Transport Association (IATA), a US trade organization for the worldwide airline industry, reported in January 2024 that total air traffic grew by 36.9% in 2023 compared to 2022. In addition, international traffic experienced a 24.2% increase in December 2023 compared to December 2022, while domestic traffic saw a 27.0% rise over the preceding year. Hence, the escalating need for air travel is fueling the expansion of the aircraft generators market. The mounting demand for commercial aircraft is anticipated to stimulate the progression of the aircraft generator market in the future. Commercial aircraft, which are designed and utilized for carrying passengers or freight for money-making or commercial purposes, are increasingly in demand. As air transportation companies and cargo carriers strive to enlarge their fleet to accommodate the burgeoning demand for air travel and cargo transportation, aircraft manufacturers are compelled to ramp up their production capacity. This results in an increased demand for aircraft components, including generators, to outfit these newly manufactured aircraft. For instance, Airbus SE, a Netherlands-based aero-space corporation, announced in January 2023 that the corporate entity delivered 661 commercial aircraft to 84 clients in 2022, a rise of 8% from the 611 units sold the previous year in 2021. Therefore, the mounting demand for commercial aircraft is stimulating the progression of the aircraft generator market.

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What Trends Will Shape the Aircraft Generators Market Through 2029 and Beyond?
The primary players in the aircraft generators market, such as General Electric Company, are prioritizing technological innovation like hybrid electric demonstrator engines to boost aircraft efficiency and cut down on emissions. The hybrid electric demonstrator engine, a blend of conventional jet fuel technology and electric motors/generators, aims to amplify power efficiency and curtail emissions. For instance, in June 2024, a revolutionary hybrid electric demonstrator engine was unveiled in cooperation between General Electric Company, an American Aerospace firm, and the National Aeronautics and Space Administration, a US government agency. This engine integrates an electric motor/generator into a commercial turbofan engine, thereby enhancing power across various operational stages. This innovative engine marks a significant move towards environment-friendly aviation practices, aligning with the wider industry's ambition to electrify aircraft fleets and drastically cut carbon emissions by the year 2050.

What Are the Main 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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Which Top Companies are Driving Growth in the Aircraft Generators Market?
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

Which Regions Will Dominate the Aircraft Generators Market Through 2029?
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

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