Dublin, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Electrical Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Aircraft Electrical Systems estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$27.4 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030.
Power Generation, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$11.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Distribution segment is readjusted to a revised 4.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 7.2% CAGR
The Aircraft Electrical Systems market in the U.S. is estimated at US$5.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2030.
Select Competitors (Total 44 Featured) -
- Astronics Corporation
- Crane Aerospace & Electronics
- Elbit Systems Ltd.
- GE Aviation
- Hartzell Engine Technologies LLC
- Honeywell International, Inc.
- Safran
- Thales Group
- United Technologies Corporation (UTC)
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $19.7 Billion |
| Forecasted Market Value (USD) by 2030 | $27.4 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aircraft Electrical Systems: An Introduction
- Basic Electrical System
- Power and Ground
- Normal Operation
- Electrical Failures
- Voltage
- Power Generation
- Power Conversion
- Power Distribution
- Energy Storage Device
- Aircraft Electrical Systems: Market Overview
- Need for New Generation Aircraft Driving Growth in Aircraft Electrical Systems Market
- US: A Key Market
- Aircraft Electrical Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- High Reliability and Lightweight: Key Essential Requisites of Aircraft Electrical Equipment Design
- Technological Advancements Leading to Growth in the Aircraft Electrical Systems Market
- Electronic Code of Federal Regulations for Electrical Systems and Equipment in USA
- Australian Civil Aviation Regulation Mandates Periodic Inspection of the Electrical System
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/xp8hfh
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