Visiongain Publishes Aircraft Electrical Systems Market Report 2020-2030
08 February 2020
Visiongain has launched a new report Aircraft Electrical Systems Market Report 2020-2030: Forecasts by System (Power Generation, Power Distribution, Power Conversion, Energy Storage), by Component (Generators, Conversion Devices, Distribution Devices, Others), by Application (Power Generation Management, Flight Control & Operation, Cabin Systems, Configuration Management, Air Pressurising & Conditioning) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
Aircraft performance is primarily dependent on the reliability of electrical systems. Improper and careless wiring of electrical systems may lead to the cause of potential danger in the aircraft. Companies operating in electrical systems includes several functions namely generation distribution, conversion, wiring, load management, systems integration and ventilation. Apart from consumption in current aircraft, development in all-electric is expected to drive significant revenue growth over the forecast period.
Leading players are slowly developing their capabilities to cater to the demand of advanced electrical systems. For instance, Safran being a primary supplier and producers of power supplies and converters for electrical actuators to Airbus and Boeing is also identified as the global leader in the development of electrical systems for all-electric aircrafts in which the traditional hydraulic and pneumatic systems are replaced by electrically-driven systems that offer higher performance and reliability, combined with lower operating costs.
Some of the players operating in the market include Ametek, Safran, Astronics Corporation, Amphenol Corporation, Esterline Technologies (Transdigm), Honeywell, Meggitt, Thales Group, United Technologies Corporation, GE Aviation, Crane Aerospace & Electronics, Hartzell Engine Technologies , PBS Aerospace, Nabtesco Corporation, and Avionic Instruments, LLC. These players are also taking several strategic initiatives such as mergers, acquisitions, and partnerships to increase their presence in the global market. These major companies are increasingly focusing on various research and development activities to gain competitive advantage.
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