Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.06 Billion | USD 29.31 Billion | 4.3% | 2023 |
The global Commercial Aircraft Electrical & Environmental Systems market size was worth around USD 20.06 billion in 2023 and is predicted to grow to around USD 29.31 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.3% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the Commercial Aircraft Electrical & Environmental Systems market on a global and regional level.
Aircraft electrical systems are useful for generation, distribution, and regulation of the power supply throughout the aircraft. The system includes power sources such as generators and batteries, various components such as conversion devices, protection devices, and control devices and power distribution systems that comprise wires, cables, and busbar systems. The primary electrical loads in an aircraft include motors, avionics, heating systems, and lighting systems. Environmental control system (ECS) is used in aircraft to maintain the comfortable environment in the cabin of an aircraft. It maintains the optimal level of oxygen, cabin pressure, humidity, and temperature. ECS also circulates air in the cabins by replacing it every two or three minutes.
One of the key drivers of the global commercial aircraft electrical & environmental systems market is the increase in a number of electric aircraft. Some of the new trends utilized in the aviation industries are the utilization of new materials, which in turn fosters the global market growth. Aviation industries are looking for efficient aircraft, which will increase their net profit owing to increasing economic status; this is expected to boost the global commercial aircraft electrical & environmental systems market growth. Exponential growth in fuel prices is forcing aircraft manufacturers to adopt enhanced fuel-efficient and electric aircraft. The primary function of the aircraft is to power electrical systems and it is able to achieve higher reliability, reduce fuel burn, dispatch availability, and reduction in maintenance cost; owing to all these advantages, the global market projected to boost in future. Conversely, failures in electrical systems and occurrence of the thermal challenges in the commercial aircraft may hinder the global commercial aircraft electrical & environmental systems market growth to some extent.
Based on product type, the global commercial aircraft electrical & environmental systems market is fragmented as power distribution, generators, environmental control systems, auxiliary power unit, motors, power conversion, and other supplementary ancillary systems.
Based on aircraft types, the global market is classified as narrowbody aircraft market, very large aircraft market, and wide-body aircraft market.
Report Attributes | Report Details |
---|---|
Report Name | Commercial Aircraft Electrical & Environmental Systems Market |
Market Size in 2023 | USD 20.06 Billion |
Market Forecast in 2032 | USD 29.31 Billion |
Growth Rate | CAGR of 4.3% |
Number of Pages | 209 |
Key Companies Covered | Aero Space Controls, Honeywell International, Hartzell Aerospace, Liebherr Group, and Fairchild Controls. Other major players in the market are Nord Micro, Kapco Global, Hutchinson, Thales, Senior Aerospace, and United Technologies |
Segments Covered | By product type, By aircraft types and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The geographical segmentation of the global commercial aircraft electrical & environmental systems market is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is the dominating region in the global market due to rise in the number of aircraft. In addition, North America is emerging as the major market for the commercial aircraft electrical & environmental systems where aviation industries are giving more preference to the electrical & environmental systems in the aircraft. Asia Pacific is also following the same trend due to growth in the aviation sector and pressure from the government to reduce consumption of the fuel owing to depletion of the sources.
The key players that dominate the global commercial aircraft electrical & environmental systems market include:
By Product Type
By Aircraft Types
Global Commercial Aircraft Electrical & Environmental Systems Market: Regional Segment Analysis
What Report Provides
FrequentlyAsked Questions
Aircraft electrical systems are useful for generation, distribution, and regulation of the power supply throughout the aircraft.
According to study, the Commercial Aircraft Electrical & Environmental Systems Market size was worth around USD 20.06 billion in 2023 and is predicted to grow to around USD 29.31 billion by 2032.
The CAGR value of Commercial Aircraft Electrical & Environmental Systems Market is expected to be around 4.3% during 2024-2032.
Europe has been leading the Commercial Aircraft Electrical & Environmental Systems Market and is anticipated to continue on the dominant position in the years to come.
The Commercial Aircraft Electrical & Environmental Systems Market is led by players like Aero Space Controls, Honeywell International, Hartzell Aerospace, Liebherr Group, and Fairchild Controls, Nord Micro, Kapco Global, Hutchinson, Thales, Senior Aerospace, and United Technologies
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