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.
Electricity can be supplied to an aeroplane using aviation generators. Aircraft generators provide a variety of benefits over aircraft alternators. Due to their decreased sensitivity to errant electrical spikes or reversed polarity, aviation generators are becoming more and more popular. These generators may keep generating electricity even after the battery is dead.
An important development element is the expanding demand for electric aircraft in the commercial aviation industry. Electrical appliance and aeroplane manufacturers are working together increasingly to finance electric power systems. Such cooperative projects are expected to boost the growth of the aircraft producing sector and have a considerable market potential.
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A number of factors, such as passenger-related applications that facilitate travel to remote areas and passenger accessibility in rural areas, are driving the market. Additional factors encouraging market expansion throughout the projection period include the availability of a wide commercial air service and accessibility for business travel.
The aviation industry is now going through considerable changes in regard to technology advancements in various aircraft types. Aircraft power generation systems have therefore improved. Future aviation is more likely to use electric or hybrid-electric aircraft, and acceptance of these aircraft is anticipated to soar.
Passenger-related applications that facilitate travel to remote areas and passenger accessibility in rural areas are among the drivers driving the market. Additional factors encouraging market expansion during the projection period include accessibility for business travel and broad commercial air service.
The aviation industry is currently going through major changes as a result of technology advancements in various aircraft types. As a result, power generation systems for aircraft have improved. Future aviation uses of electric or hybrid-electric aircraft are more likely, and acceptance of such aircraft is anticipated to increase significantly.
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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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