Stratview Research has recently added a new report titled ‘Aircraft Electrical Distribution Systems Market’ to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Aircraft Electrical Distribution Systems Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2017-2021
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Safran Group
- Collins Aerospace (Raytheon Technologies Corporation)
- GE Aviation
- Honeywell International Inc.
- Astronics Corporation
- AMETEK.Inc.
- Crane Aerospace & Electronics
- AVIC SAE (Aviation Industry Corporation of China, Ltd.)
- Leach International Corporation
Market Highlights
The aviation industry proved to be one of the biggest victims of the pandemic. However, the impact of the pandemic varied from aircraft to aircraft. For instance; commercial aircraft recorded an irreparable loss in the year 2020, whereas, military aircraft registered a relatively less decline. The tremor of this had been felt across the industry verticals including electrical distribution systems, declined over 20% in the year 2020. Overall, in the long run, the aircraft electrical distribution systems market is likely to rebound at a significant CAGR of 8.3% to reach a value of US$ 1.7 Billion by 2026.
Segment-wise analysis
Based on the product type, the aircraft electrical distribution systems market is segmented as solid-state power controllers (SSPC), relays, contactors, circuit breakers, and others. Among these product types, SSPC is expected to remain the most dominant product type in the market during the forecast period. SSPCs are the major components used for circuit protection. SSPC generally includes the combination of a circuit breaker and a relay and is very crucial in electrically controlling and isolating a circuit in case of flow of excessive electric current or power-surge incidents.
Based on the by aircraft type, the market is segmented as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Among these aircraft types, commercial aircraft is expected to remain the dominant as well as the fastest-growing aircraft type in the market during the forecast period. Commercial aircraft alone generates more than half of the electrical distribution systems used in the aircraft industry. The aircraft type is currently going through one of its hardest times with multiple setbacks. However, the industry stakeholders are accustomed to such breath-taking market conditions and have learned the art to sail through from the crisis.
In terms of regions, North America is expected to remain the largest market for aircraft electrical distribution systems during the forecast period. The USA remains the growth propellor of the region’s market in the years to come. The country is the preferred destination for aircraft assembly with the presence of almost all the leading OEMs and tier players. Asia-Pacific, the largest procurer of commercial aircraft, is also likely to create sizeable market opportunities in the coming years, driven by an expected rise in air passenger traffic coupled with a high focus of China, Japan, and India for the manufacturing of aircraft programs indigenously.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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