July 18, 2022 05:53 ET | Source: Research and Markets Research and Markets
Dublin, July 18, 2022 (GLOBE NEWSWIRE) -- The "Aircraft Generators Market by Current Type (AC, DC), Type (VSCF, IDG, APU, Starter Generator), Power Rating, Aircraft Technology, Platform (Fixed-wing, Rotary-wing), End Use (OEM, Aftermarket) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. 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 the highest growth in the forecast period
By Platform, the fixed-wing segment is expected to grow the highest in the forecast period. The increasing air traffic is contributing to the increasing requirements for commercial aircraft across regions. Increasing border tensions across regions are also a major factor for countries investing in tactical aircraft. These factors contribute to the growth of the fixed-wing segment in the aircraft generator market. VSCF generator to witness the 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. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Growth Opportunities in Aircraft Generators Market 4.2 Aircraft Generators Market, by End Use 4.3 Aircraft Generators Market, by Platform 4.4 Aircraft Generators Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Trend of More Electric Technology 5.2.1.2 Advancement in Power Generation Technology of Hybrid Electric Platforms and Light Aircraft 5.2.1.3 Increasing Demand for New Commercial Aircraft 5.2.2 Restraints 5.2.2.1 High Voltage and Thermal Issues 5.2.2.2 Existing Backlog of Aircraft Deliveries 5.2.3 Opportunities 5.2.3.1 Development of Advanced Power Electronics 5.2.4 Challenges 5.2.4.1 Stringent Regulatory Framework 5.2.4.2 Reduced Global Demand for Maintenance, Repair, and Overhaul (Mro) Services due to COVID-19 5.3 Pricing Analysis 5.4 Value Chain Analysis 5.5 Aircraft Generators Market Ecosystem 5.5.1 Prominent Companies 5.5.2 Private and Small Enterprises 5.5.3 End-Users 5.6 Trade Data Statistics 5.7 Technology Trends in Aircraft Generators Market 5.7.1 Turbogenerators for Electric Motors and Batteries 5.7.2 Variable Speed Constant Frequency Generators 5.8 Case Study Analysis 5.8.1 Honeywell Apu Introduces Two-Stage Axial Turbine System 5.9 Trends/Disruptions Impacting Customer Business 5.9.1 Revenue Shift and New Revenue Pockets for Aircraft Generator Manufacturers 5.10 Porter's Five Forces Analysis 5.11 Key Stakeholders & Buying Criteria 5.11.1 Key Stakeholders in Buying Process 5.11.2 Buying Criteria 5.12 Key Conferences & Events in 2022-2023 5.13 Tariff and Regulatory Landscape
6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Hydrogen-Based Electricity Generator 6.2.2 Hybrid Electric Propulsion System 6.3 Impact of Megatrends 6.3.1 3D Printing 6.3.2 Sustainable Aviation Fuel 6.4 Supply Chain Analysis 6.5 Innovation & Patent Registrations
7 Aircraft Generators Market, by Current Type 7.1 Introduction 7.2 Ac 7.2.1 Can Efficiently Transmit Electricity Over a Long Range 7.3 Dc 7.3.1 Increasing Usage in Light Aircraft
8 Aircraft Generators Market, by Aircraft Technology 8.1 Introduction 8.2 Conventional Aircraft 8.2.1 Need to Replace Conventional Power Systems with Electrical Systems Boosts Segment 8.3 Hybrid Electric Aircraft 8.3.1 Need for Environmentally Friendly Aircraft Drives Growth
9 Aircraft Generators Market, by Type 9.1 Introduction 9.2 Variable Speed Constant Frequency Generator 9.2.1 Provides More Flexible Electrical System Architecture 9.3 Integrated Drive Generator 9.3.1 Increasing Usage in Commercial and Military Aircraft for Electrical Systems 9.4 Auxiliary Power Unit 9.4.1 Essential as Back-Up Electrical Supply for Aircraft 9.5 Starter Generator 9.5.1 Acts as Parallel Electrical Power Supply Unit 9.6 Alternator 9.6.1 Provides Smoother Output and Can Reach High Speed Faster Than Generators
10 Aircraft Generators Market, by Power Rating 10.1 Introduction 10.2 Less Than 100 Kw 10.2.1 Increasing Usage in Light Aircraft 10.3 100-500 Kw 10.3.1 Wide-Scale Usage in Commercial and Military Aircraft for Electrical Systems 10.4 More Than 500 Kw 10.4.1 Application in Hybrid Electric Aircraft on the Rise
11 Aircraft Generators Market, by Platform 11.1 Introduction 11.2 Fixed-Wing Aircraft 11.2.1 Commercial Aviation 11.2.1.1 Narrow-Body Aircraft 11.2.1.1.1 Growth in Air Passenger Traffic to Drive Demand 11.2.1.2 Wide-Body Aircraft 11.2.1.2.1 Demand Booster-Increase in Long-Haul Travel 11.2.1.3 Regional Transport Aircraft 11.2.1.3.1 Increasing Use in Us and Japan-Key Growth Contributor 11.2.2 Business & General Aviation 11.2.2.1 Business Jets 11.2.2.1.1 Increase in Private Aviation Companies Globally Drives Demand 11.2.2.2 Light Aircraft 11.2.2.2.1 Segment Driven by Technology Advancements and Modernization of General Aviation 11.2.3 Military Aviation 11.2.3.1 Fighter Aircraft 11.2.3.1.1 Growing Concerns Over Border Tensions Fuel Segment 11.2.3.2 Transport Aircraft 11.2.3.2.1 Increasing Demand for Transport Aircraft in Military Operations 11.2.3.3 Special Mission Aircraft 11.2.3.3.1 Growing Defense Spending and Territorial Disputes Drive Demand 11.3 Rotary-Wing Aircraft 11.3.1 Commercial Helicopters 11.3.1.1 Increasing Usage for Passenger Transport and Medical Services 11.3.2 Military Helicopters 11.3.2.1 Technologically Advanced Military Helicopters with Next-Generation Electro-Optic Systems Drive Demand
12 Aircraft Generators Market, by End Use 12.1 Introduction 12.2 Original Equipment Manufacturers (Oem) 12.2.1 Increasing Need for New Aircraft Drives Segment Growth 12.3 Aftermarket 12.3.1 Focus on Reduced Repair Time and Improved Readiness Increases Need for Aftermarket Refurbishment
14 Competitive Landscape 14.1 Introduction 14.2 Market Share Analysis, 2021 14.3 Revenue Analysis of Top Five Market Players, 2017-2021 14.4 Company Evaluation Quadrant 14.4.1 Stars 14.4.2 Emerging Leaders 14.4.3 Pervasive Players 14.4.4 Participants 14.5 Start-Up/SME Evaluation Quadrant 14.5.1 Progressive Companies 14.5.2 Responsive Companies 14.5.3 Dynamic Companies 14.5.4 Starting Blocks 14.5.5 Competitive Benchmarking 14.6 Competitive Scenario 14.6.1 Deals 14.6.2 Product Launches
15 Company Profiles 15.1 Key Players 15.1.1 Honeywell International Inc. 15.1.2 Safran 15.1.3 Thales Group 15.1.4 Collins Aerospace 15.1.5 General Electric 15.1.6 Ametek, Inc. 15.1.7 Meggitt plc 15.1.8 Rolls-Royce Holdings plc 15.1.9 Astronics Corporation 15.1.10 Calnetix Technologies 15.1.11 Unison Industries 15.1.12 Pbs Aerospace 15.1.13 Aerospace Electrical Systems 15.1.14 Arc Systems, Inc. 15.1.15 Skurka Aerospace, Inc. 15.1.16 Sinfonia Technology Co. Ltd. 15.1.17 Epropelled 15.1.18 Duryea Technologies 15.1.19 Denis Ferranti 15.1.20 Plane-Power 15.2 Other Players (Aftermarket) 15.2.1 Naasco 15.2.2 Precision Aviation Group 15.2.3 Tae Aerospace 15.2.4 Heico Corporation 15.2.5 Aerotech of Louisville, Inc.
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