Aircraft Generators Market worth $7.3 billion by 2027 - Exclusive Report by MarketsandMarkets™

·4 min read

CHICAGO, June 30, 2022 /PRNewswire/ -- According to the report "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", published by MarketsandMarkets™, the global 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 constant growth of air traffic, the demand for performance optimization, and the need to decrease both, operating and maintenance costs have encouraged the aircraft industry to move toward more electric solutions. As a result of this trend, electric power required onboard aircraft has significantly increased through the years, causing major changes in electric power system architectures.

MarketsandMarkets Logo
MarketsandMarkets Logo

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43675848

The Fixed-wing Segment is estimated to lead the aircraft generator market in 2022

Based on Platform, the Fixed-wing segment of the aircraft generator market is accounted for the largest share during the forecast period. The increasing air traffic is contributing to the need for commercial fixed-wing aircraft across regions. This is one of the factors contributing to the growth in fixed-wing segment.

The VSCF segment is expected to grow at the highest CAGR during the forecast period

Based on type, the variable speed constant frequency segment accounted for the largest growth of the aircraft generator market in 2022. The VSCF system is a more flexible system compared to CSD/IDG systems since its components can be distributed across the aircraft. This is one of the main factor driving the demand for such generator type.

Browse in-depth TOC on "Aircraft Generators Market"
239 – Tables
48 – Figures
240 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=43675848

Asia Pacific Region is expected to witness largest growth in the forecast period

Asia Pacific Region is witnessing highest growth among all the regions. Asia Pacifc countries like China, India, Japan among other countries are scaling up the in house production of aircraft. These countries are also witnessing growing air traffic, which is contributing to increasing fleet sizes in this region. The increasing fleet size will also contribute to aftermarket services in these region. These factors are expected to drive market growth in these regions.

Key players operating in the aircraft generator market include Honeywell (US), General Electric (US),  Collins Aerospace (US), Safran (France), Thales Group (France) among other solution, service and equipment providers. These players offer comprehensive solution to key stakeholders in the market.

Related Reports:

Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region (2021-2030)

Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region (2021-2030)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aircraft-generator-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/aircraft-generator.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/aircraft-generators-market-worth-7-3-billion-by-2027--exclusive-report-by-marketsandmarkets-301578632.html

SOURCE MarketsandMarkets