The Aircraft Generators Market is projected to grow from USD 5.2 billion in 2022 to USD 7.3 billion by 2027, at a CAGR of 7.1% during the forecast period. The aviation industry is witnessing major transformations in terms of technological advancements in aircraft models.This has given rise to improvements in the power generation systems used in aircraft.
More electric and hybrid electric aircraft are part of the future of the aviation industry, with their adoption rate expected to significantly increase in the future.
Problems associated with conventional aircraft systems, such as cost, heating, fluid, and contamination, are eliminated in electrical solutions.Electrical systems are up to 80% more efficient than hydraulic actuators, as they come with a more efficient motor (without the issue of heating) and a lower risk of component damage.
Electrical systems are also environment-friendly and safer to use than conventional systems, which consist of hydraulic fluids that can damage the skin and cause poisoning or infection due to the high temperature. Therefore, the demand for electrical solutions has been continuously increasing, which, in turn, drives the aircraft generators market.
Fixed Wing segment to witness highest growth in the forecast period By Platform, the fixed wing segment is expected to growth the highest in the forecast period.The increasing air traffic is contributing to increasing requirement for commercial aircraft across regions.
Increasing border tensions across regions are also a major factor for countries investing in tactical aircraft. These factors to contribute to growth of the fixed wing segment in the aircraft generator market.
VSCF generator to witness highest growth in the forecast period. Based on type, the VSCF generators are witnessing highest growth in the forecast period.VSCF generators can accommodate flexible electrical architectures.
That is the components of the VSCF generators can be spread out across the aircraft in contrast with IDG generators where it needs to be mounted closer to the engine. This factor is driving aircraft designers to increasingly adopt the VSCF generators into their systems.
Break-up of profile of primary participants in the aircraft generatormarket: • By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25% • By Designation: C Level – 50%, Director Level – 25%, and Others – 25% • By Region: North America –60%, Europe – 20%, AsiaPacific – 10%,South America– 5%, and RoW – 5%
Major players operating in the aircraft generator market include Honeywell (US), General Electric (US), Collins Aerospace (US), Safran (France), Thales Group (France) among others. These key players offer aircraft generators and services to different key stakeholders.
Research Coverage: This research report categorizes the aircraft generator market on the basis of Current Type (AC, DC), By Type (VSCF, IDG, APU, Starter Generator), By Power Rating, By Aircraft Technology, By Platform (Fixed-wing, Rotary-wing), By End Use (OEM, Aftermarket).These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the aircraft generator market.A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the sustainable aviation fuel market.
In addition, the startups in aircraft generators market ecosystem are covered in this report to provide usable insights and developments happening in the emerging market of aircraft generator.
Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aircraft generator market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers: • Market Penetration: Comprehensive information on aircraft generator market offered by the top players in the market • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, contracts, agreements, and expansion plans in the aircraft generator market. • Market Development: Comprehensive information about lucrative markets – the report analyzes the aircraft generator market across varied regions. • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft generator market. • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the aircraft generator market.
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