DUBLIN--(BUSINESS WIRE)--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.
Market Dynamics
Drivers
- Growing Trend of More Electric Technology
- Advancement in Power Generation Technology of Hybrid Electric Platforms and Light Aircraft
- Increasing Demand for New Commercial Aircraft
Restraints
- High Voltage and Thermal Issues
- Existing Backlog of Aircraft Deliveries
Opportunities
- Development of Advanced Power Electronics
Challenges
- Stringent Regulatory Framework
- Reduced Global Demand for Maintenance, Repair, and Overhaul (Mro) Services due to COVID-19
Companies Mentioned
- Aerospace Electrical Systems
- Aerotech of Louisville, Inc.
- Ametek, Inc.
- Arc Systems, Inc.
- Astronics Corporation
- Calnetix Technologies
- Collins Aerospace
- Denis Ferranti
- Duryea Technologies
- Epropelled
- General Electric
- Heico Corporation
- Honeywell International Inc.
- Meggitt plc
- Naasco
- Pbs Aerospace
- Plane-Power
- Precision Aviation Group
- Rolls-Royce Holdings plc
- Safran
- Sinfonia Technology Co. Ltd.
- Skurka Aerospace, Inc.
- Tae Aerospace
- Thales Group
- Unison Industries
For more information about this report visit https://www.researchandmarkets.com/r/tutp1s
