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The Global Aircraft Electrical Generation Systems Market Outlook (2021–2026)

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The global aircraft electrical generation systems market has been experiencing significant growth, driven by the aviation industry's shift towards more electric aircraft (MEA) and the increasing demand for efficient, reliable, and environmentally friendly power solutions. These systems are essential for generating electrical power to operate various onboard equipment and systems, ensuring safe and efficient aircraft operations.​

Market Size and Growth

The global aircraft electrical generation systems market size was valued at US$ 0.5 billion in 2020 and is projected to reach US$ 0.9 billion by 2026, registering a CAGR of 8.0% during the forecast period. This growth is attributed to the increasing adoption of electric systems in aircraft, advancements in power generation technologies, and the rising demand for new aircraft to accommodate growing air travel.

Market Segmentation

Aircraft Electrical Generation Systems Marketby System Type (Main Generators, Auxiliary Power Generators, and Emergency Power Unit Generators), Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), Fit Type (Original Equipment and Aftermarket), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).

Regional Analysis: Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to remain the largest market for aircraft electrical generation systems, owing to the presence of major aircraft manufacturers and a robust aviation industry.

Market Drivers

Several factors are propelling the growth of the aircraft electrical generation systems market:

  1. Transition to More Electric Aircraft (MEA): The aviation industry is increasingly adopting MEA concepts, replacing traditional pneumatic and hydraulic systems with electrical systems to enhance efficiency, reduce weight, and lower maintenance costs.
  2. Technological Advancements: Developments in high-thrust aircraft engines, advanced battery systems, and integrated power generation technologies are driving the demand for sophisticated electrical generation systems.
  3. Environmental Concerns: The need to reduce carbon emissions and improve fuel economy has led to the adoption of electrical systems in aircraft, contributing to environmental sustainability.
  4. Growth in Air Travel: The escalating demand for air travel necessitates the production of new aircraft equipped with advanced electrical systems, thereby boosting market growth.

Competitive Landscape

The aircraft electrical generation systems market is characterized by the presence of several key players focusing on innovation and strategic collaborations to maintain their market positions. Notable companies include:​

  • Collins Aerospace (Raytheon Technologies Corporation)
  • Safran Group
  • Honeywell International Inc.
  • GE Aviation
  • Thales Group
  • Skurka Aerospace, Inc
  • AMETEK.Inc.
  • Meggitt PLC
  • Astronics Corporation.

Future Outlook

The aircraft electrical generation systems market is poised for substantial growth, driven by the industry's focus on electrification, technological advancements, and environmental sustainability. The transition towards more electric aircraft is expected to continue, with electrical systems playing a pivotal role in enhancing aircraft efficiency and reducing environmental impact. Manufacturers are likely to invest in research and development to innovate and meet the evolving demands of the aviation sector.​

In conclusion, the period from 2021 to 2026 presents significant growth opportunities for the aircraft electrical generation systems market. Stakeholders, including manufacturers, suppliers, and airlines, are anticipated to benefit from the advancements and increased adoption of electrical systems in aircraft, aligning with the broader industry trends towards efficiency and sustainability.

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