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.
An aeroplane can be powered by electricity with the use of aircraft generators. Aircraft generators provide a variety of benefits over aircraft alternators. As a result of their decreased susceptibility to stray electrical spikes or reversed polarity, aviation generators are becoming more and more popular. These generators can keep generating electricity even after the battery is dead.
A significant driver of the market’s growth is the commercial aviation sector’s increased desire for electric aircraft. Manufacturers of electrical equipment and aeroplanes are increasingly working together to invest in electric power systems. Such cooperative projects are expected to have a substantial market potential and aid in the expansion of the aviation generators industry.
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The market is being driven by factors including passenger-related applications, which enable transit to remote locations and rural passenger accessibility. Broad commercial air service and accessibility for business travel are additional elements promoting market expansion during the forecast period.
With relation to technological improvements in aircraft types, the aviation sector is currently experiencing significant changes. 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 their acceptance is also expected to rise dramatically.
The market is being driven by factors including passenger-related applications, which enable transit to remote locations and rural passenger accessibility. Broad commercial air service and accessibility for business travel are additional elements promoting market expansion during the forecast period.
With relation to technological improvements in aircraft types, the aviation sector is currently experiencing significant changes. 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 their acceptance is also expected to rise dramatically.
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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