In 2022, the aircraft generators market was worth US$ 5.83 billion. The market is estimated to propel from US$ 6.30 billion in 2023 to US$ 12.98 billion by 2033. The market for aircraft generators is anticipated to develop at a CAGR of 7.5% over this projection timeframe.
Aircraft generators aid in providing an aircraft with electrical power. Compared to aircraft alternators, aircraft generators offer a number of advantages. A rising number of people prefer aviation generators because they are less vulnerable to errant electrical spikes or reversed polarity. Even when the battery is dead, these generators can continue to provide electricity.
The growing demand for electric aircraft in commercial aviation is a key factor in the market’s rise. In order to invest in electric power systems, there is also increasing collaboration between manufacturers of electrical equipment and aircraft. The significant market potential of such cooperation initiatives is projected to help the growth of the aircraft generators market.
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The market is being driven by elements such as passenger-related applications, which include rural passenger accessibility and urban air mobility, enabling travel to remote areas. Accessibility for business travel and broad commercial air service are further factors driving market growth during the projection period.
The aviation industry is currently witnessing considerable changes with regard to technology advancements in aircraft models. As a result, the power generation systems used in aeroplanes have improved. Future aircraft in the aviation sector are increasingly likely to be electric or hybrid-electric, and their adoption is also projected to increase significantly.
Electrical alternatives lessen the costs, temperature, fluid, and contamination problems associated with traditional aircraft systems. Electrical systems are up to 80% more efficient than hydraulic actuators because they feature more effective motors and a decreased likelihood of component failure.
North America is most likely to rule the aviation generator industry. The existence of numerous companies promoting the electrification of the aviation industry is assisting the market’s growth. Asia Pacific is seeing the fastest increase as nations enhance their domestic manufacture of aircraft.
KEY TAKEAWAYS
- The US aircraft generators market is estimated to possess a market share of 3%.
- The Japanese aircraft generators market is expected to secure a market share of 8%
- Over the forecast period, the German aircraft generators market is expected to have a market share of 1%.
- The UK market for aircraft generators is likely to expand at a CAGR of 1%.
- The Chinese aircraft generators market is likely to rise at a CAGR of 4%over the forecast period.
- Over the forecast period, the fixed wing segment is projected to dominate the market holding a market share of 6%.
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COMPETITIVE LANDSCAPE
Major companies in the aircraft generators market include Honeywell Aerospace Safran, Thales Group, Collins Aerospace, General Electric, Ametek, Inc., Diehl Aviation, Meggitt plc, Rolls-Royce Holdings plc, Calnetix Technologies, Unison Industries, Pbs Aerospace, Astronics Corporation, Aerospace Electrical Systems, Arc Systems, Inc., Skurka Aerospace, Inc., Sinfonia Technology Co. Ltd., Epropelled, Duryea Technologies, Plane-Power and others.
Businesses in the aviation generator sector are aiming to enhance their present products in addition to creating new technologies for aircraft generators. To increase their influence and maintain their dominance, some market competitors are creating strategic partnerships with one another. They are also keeping positive ties with aircraft manufacturers, particularly with those that make electric aircraft, to increase their entry into lucrative sectors.
RECENT DEVELOPMENTS
- In June 2022, Diehl Aviation created its own generator for emergency oxygen delivery on board passenger aircraft. The top manufacturer of cabin interiors and aircraft systems made its official debut with the Universal Oxygen Generator at the Aircraft Interiors Expo (AIX) in Hamburg.
- In May 2022, Using its 1-megawatt generating system, Honeywell successfully finished the first phase of testing. It’s a brand-new kind of energy made specifically for use by hybrid-electric aircraft. The first electric machine of its kind in the industry that can operate as a 1-megawatt motor without changes in this system, which is also aerospace-grade.
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Aircraft Generators Market Segmentation
By Aircraft Type:
- Fixed Wing
- Rotary Wing
By Current Type:
- AC
- DC
By End-use:
- OEM
- Aftermarket
By Product Type:
- Variable Speed Constant Frequency
- Auxiliary Power Unit
- Integrated Drive Generator
- Starter Generator
- By Aircraft Technology
- Conventional Aircraft
- Hybrid Electric Aircraft
By Power Rating:
- Less Than 100 KW
- 100-500 KW
- More Than 500 KW
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
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