In 2022, the aircraft generators market size 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.
Aviation generators can be used to supply electricity to an aircraft. Compared to aircraft alternators, aircraft generators offer a number of advantages. Aviation generators are gaining popularity due to their lessened sensitivity to stray electrical spikes or reversed polarity. Even when the battery is dead, these generators could continue to provide electricity.
The growing demand for electric aircraft in the commercial aviation sector is a significant development factor. Manufacturers of electrical appliances and aircraft are collaborating more to fund electric power systems. Such collaborative initiatives have a substantial market potential and are anticipated to accelerate the expansion of the aviation manufacturing industry.
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The market is being driven by a variety of factors, including passenger-related applications that make it easier for people to go to remote locations and passenger accessibility in rural areas. The availability of a broad commercial air service and accessibility for business travel are further factors promoting market increase over the course of the projection period.
The aviation sector is currently undergoing significant changes as a result of technological developments in numerous aircraft types. As a result, aircraft power generation systems have improved. Electric or hybrid-electric aircraft are more likely to be used in aviation in the future, and acceptance of these aircraft is expected to skyrocket.
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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