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Aircraft Electrical System Market Size and Key Trends in Terms Of Volume and Value - Forecast to 2025

Aircraft Electrical System Market Size and Key Trends in Terms

"The Latest Research Report Aircraft Electrical System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.

An electrical system is the most essential and integral component of all aircraft designs. An aircraft electrical system is an independent network of components that generate, distribute, utilize, and store electrical energy. The complexity and capacity of the electrical system varies tremendously from single engine aircrafts to modern multi-engine aircrafts. However, the electrical system for both types of engines share the same basic components. Every aircraft electrical system has units that has the capability of generating electricity. Depending upon the type of aircraft, components such as generators or alternators are used to produce electricity. These are usually engine driven but can also be powered by an auxiliary power unit or by a Ram Air Turbine (RAT). Most aircraft are equipped with either a 28-volt- or a 14-volt direct current electrical system. Output power from the generators may be modified through rectifiers, transformers, or invertors to change the type of current and voltage levels; it can also be used without modification. The generator output can be used to charge the aircraft battery. Commonly used batteries in aircraft systems are usually lead-acid, nickel cadmium, or lithium-ion batteries. Lithium ion batteries are becoming popular because of their light weight. Multiple engines usually have more sophisticated electrical systems that have multiple voltage systems and has a combination of DC and AC buses to power various aircraft units. Primary power generation is normally AC with one, or more than one providing conversion to DC voltage to power the DC buses.

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The major driver for the aircraft electrical system market include the adoption of more electric aircraft systems in aircrafts instead of using hydraulics. Earlier hydraulics used to perform many functions such as to actuate and move landing gear, brakes, and flaps. In larger systems, hydraulics were also used for flight control, thrust reversers, spoilers and many other functions. However, hydraulics are bulky, increasing the overall weight of the aircraft. Thus, due to the adoption of more electric aircraft systems, many functions can be performed through the distributed electrical system of an aircraft, thereby reducing the weight of the aircrafts For instance Boeing 787 and Airbus A380 have implemented electric aircraft systems in their aircrafts. There are however some restraints such as fault in load or source switches that can interrupt entire systems and less reliability due to distribution and wiring which are some of the factors that could adversely affect the aircraft electrical systems market.

The global aircraft electrical system market can be segmented on the basis of component, aircraft type, and region. On the basis of aircraft type, the aircraft electrical system market can be segmented into civil aircraft and military aircraft. Civil aircraft is further segmented into cargo and military aircraft. On the basis of component, the market is segmented into starter generator, transformer rectifier, contactors, solid state power controllers, batteries and others. Contactors can be further bifurcated as single phase and 3-phase.

By geography, the global aircraft electrical systems market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the major leader in the aircraft electrical system market due to presence of aircraft electrical system manufacturers. Also, major aircraft manufacturing companies are moving toward more electric aircraft systems in their aircrafts rather than using hydraulics.

Prominent players in the aircraft electrical systems market includes UTC Aerospace System, Thales Group, Safran Electrical and Power, T.E Connectivity, Zodiac Aerospace, Boeing, Esterline Control Systems, Eaton, Aircraft Spruce, Zenith Aircraft, Astronics Corporation, Flame Enterprises Incorporated and many others. These major players are continuously investing in research and development to develop aircraft electrical systems with improved efficiency and reliability. These companies are also trying to focus on developing more electric aircraft systems rather than using hydraulics in the aircrafts.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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