Aircraft Electrical Conversion Systems Market is Forecasted to Reach US$1,443.0 Million in 2032, Says Stratview Research

The global Aircraft Electrical Conversion Systems market size was valued at US$1,107.8 million in 2024 and is projected to reach US$1,443.0 million by 2032, witnessing a market growth CAGR of 2.3% from 2025 to 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global Aircraft Electrical Conversion Systems market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics:

Market Size in 2024: US$1,107.8 million
Market Size in 2032: US$1,443.0 million
Growth (CAGR): 2.3% during 2025-2032
Leading Component Type: Transformer
Leading Aircraft Type: Commercial Aircraft
Leading Region: North America
Forecast Period: 2025-2032
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Electrical Conversion Systems Market:

The global Aircraft Electrical Conversion Systems market is segmented based on Component type, Aircraft type, and Region.

Based on component type -

- The market is classified as transformers, AC-DC converters (TRU & ATRU), and DC-AC converters (inverters). Among these components, the transformer is expected to remain the largest segment of the market, and it will hold a revenue share of more than 50% during the forecast period.
- AC/DC power converters are a type of electrical conversion device that converts AC to DC. On the other hand, as a result of their usage, AC-DC converters are likely to witness the highest growth in the market during the forecast period.

Based on the aircraft type -

- The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. Among these aircraft types, commercial aircraft is expected to remain the most dominant and fastest-growing aircraft type in the market, and it will hold a revenue share of more than 50% during the forecast period.
- Commercial aircraft alone generate the demand for more than half of the electrical conversion systems used in the aircraft industry. The aircraft type is currently going through one of its hardest times with multiple setbacks. However, the industry stakeholders are accustomed to such breathtaking market conditions and have learned the art of sailing through the crisis.

Which region shows the most promising growth forecast and opportunity?

- North America is likely to remain the largest market, and it will hold a revenue share of more than 45% during the forecast period, due to the increasing demand for commercial as well as military aircraft in the region.
- The region is the biggest demand generator for general aviation, UAVs, military aircraft, and helicopters, and one of the largest generators for commercial aircraft. This makes the region the most preferred manufacturing/assembly destination for aircraft. Asia-Pacific is currently a small market but is likely to exhibit the highest growth in the coming years, driven by China, Japan, and India.

Aircraft Electrical Conversion Systems Market Drivers:

Some of the key drivers listed in the report are given below.
- The increasing demand for more efficient and reliable electrical systems in aircraft.
- The increasing need for more fuel-efficient and eco-friendly aircraft, and electric aircraft.
- Advancements in high-density battery solutions for electric aircraft.
- Optimized aircraft performance through increased use of electric technology.

Competitive Landscape: Top Companies in the Aircraft Electrical Conversion Systems Market:
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Aircraft Electrical Conversion Systems Market:
• Astronics Corporation
• Collins Aerospace (Raytheon Technologies Corporation)
• Crane Aerospace & Electronics
• Honeywell International Inc.
• GE Aviation
• Safran Group
• AMETEK.Inc.
• Thales Group

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aircraft Electrical Conversion Systems market, answering critical questions like

- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.