Aircraft Generators Market Size, Share, Growth Analysis, By Current type(AC Generators and DC Generators), By Aircraft type(Fixed wing and Rotary wing), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2205 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 59 |Figures: 70

Aircraft Generators Market Insights

Aircraft Generators Market size was valued at USD 4.85 billion in 2021 and is poised to grow from USD 5.2 billion in 2022 to USD 9.14 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

The global aircraft generators market is a critical sector in the aviation industry responsible for providing electrical power to various aircraft systems. Aircraft generators are vital components that convert mechanical energy from the engine into electrical power, ensuring the smooth operation of avionics, lighting, communication systems, and other onboard equipment. The market's growth is influenced by several factors. The increasing demand for new commercial and military aircraft, driven by rising air passenger traffic and defense modernization initiatives, is a significant driver. Additionally, advancements in generator technologies, such as brushless generators and integrated starter-generators, offer higher efficiency and reliability, further bolstering market growth. Furthermore, the aviation industry's growing focus on reducing fuel consumption and carbon emissions has led to the adoption of more fuel-efficient generators, contributing to market expansion. Moreover, the rising trend of electric and hybrid-electric aircraft is expected to create new opportunities for aircraft generator manufacturers.

US Aircraft Generators Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 4.85 billion

Largest Segment

AC

Fastest Growth

AC

Growth Rate

7.3% CAGR

Global Aircraft Generators Market($ Bn)
Country Share for North America Region (%)

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Aircraft Generators Market Segmental Analysis

The global aircraft generators market is segmented on the basis of current type, aircraft type, end user, and region. By current type, the market is segmented into AC and DC. By aircraft type, the market is segmented into fixed wing and rotary wing. By end user, the market is segmented into OEM, and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Aircraft Generators Market Analysis By Current Type

“AC Generators” have been the most dominant segment in the Global Aircraft Generators Market. AC generators are widely used in various aircraft types, including commercial airliners, business jets, and military aircraft. They offer several advantages, such as high power output, efficiency, and compatibility with standard electrical systems in aircraft. AC generators provide the electrical power needed for various onboard systems, including avionics, lighting, communication, and other electrical components.

On the other hand, The “DC Generators” segment is the fastest-growing in the Global Aircraft Generators Market. DC generators are gaining traction due to their suitability for specific aircraft systems, particularly in newer, more technologically advanced aircraft. These generators provide direct current for specialized components and systems, such as fly-by-wire flight control systems and other electronic equipment. As aircraft technology evolves and demands for sophisticated electrical systems increase, the demand for DC generators is expected to grow rapidly.

Aircraft Generators Market Analysis By Aircraft type

The “Fixed-wing aircraft” is the dominant segment in the Aircraft Generators Market. This category includes various commercial aircraft, business jets, regional planes, and military aircraft that primarily operate with fixed wings. Fixed-wing aircraft typically require larger and more powerful generators to meet their electrical power needs, making them a significant market for aircraft generator manufacturers.

On the other hand, “Rotary-wing aircraft” segment, which includes helicopters, is one of the fastest-growing segments in the Aircraft Generators Market. Helicopters play a vital role in various industries, such as military, emergency services, offshore operations, and VIP transport. As helicopter operations continue to expand across different sectors, the demand for reliable and efficient aircraft generators has been on the rise. Moreover, advancements in helicopter technology and the increasing use of electrical systems in modern helicopters have further boosted the demand for generators tailored to rotary-wing aircraft.

Global Aircraft Generators Market By Current Type

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Aircraft Generators Market Regional Insights

The global aircraft generators market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” emerged as the leader, holding the largest market share. The region has a strong presence of major aircraft manufacturers, airlines, and defense contractors, driving the demand for aircraft generators. Additionally, North America has a robust aviation sector, with a large fleet of commercial and military aircraft, leading to continuous demand for generator systems to power various onboard systems.

On the other hand, “Asia Pacific” is considered to be the fastest growing region. The region has witnessed significant growth in air travel, driven by increasing passenger numbers, expanding middle-class population, and economic growth. As airlines in the region upgrade their fleets and expand their operations, there is a growing need for aircraft generators to meet the rising power requirements of modern aircraft.

Global Aircraft Generators Market By Geography
  • Largest
  • Fastest

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Aircraft Generators Market Dynamics

Aircraft Generators Market Drivers

Increasing Air Travel:

  • The growing demand for air travel and the expansion of commercial and regional airline fleets drive the need for more aircraft, subsequently increasing the demand for aircraft generators.

Fleet Modernization:

  • Airlines and defense forces are investing in fleet modernization, which includes upgrading their aircraft with more advanced and efficient power generation systems, leading to a higher demand for aircraft generators.

Aircraft Generators Market Restraints

Stringent Regulations:

  • The aviation industry is subject to strict safety and quality standards, and aircraft generator manufacturers must meet rigorous regulatory requirements, adding complexity and compliance costs to their operations.

Environmental High Development Costs:

  • The research, development, and certification of new aircraft generator technologies can be expensive, leading to higher product costs, which may deter some buyers.

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Aircraft Generators Market Competitive Landscape

The global aircraft generators market features a competitive landscape with several key players vying for market share. Prominent companies in the sector offer a diverse range of aircraft generator solutions, catering to various aircraft types and sizes. These market players continuously focus on research and development to introduce technologically advanced and fuel-efficient generator systems. Additionally, they engage in strategic partnerships, acquisitions, and collaborations to expand their product portfolios and global presence. The competitive nature of the market drives innovation and customer-centric approaches, as companies strive to meet the evolving demands of the aviation industry and maintain a strong foothold in the global market.

Aircraft Generators Market Top Player’s Company Profile

  • Honeywell International Inc. (US)
  • The Boeing Company (US)
  • Haigh-Farr, Inc. (US)
  • L3 Harris Technologies, Inc. (US)
  • HEICO Corporation (US)
  • Cobham Aerospace Communications (UK)
  • R.A. Miller Industries (US)
  • Sensor Systems, Inc. (US)
  • HR Smith Group of Companies (UK)
  • Collins Aerospace Systems (US)
  • Astronics Corporation (US)
  • Diehl Stiftung & Co. KG (Germany)

Aircraft Generators Market Recent Developments

  • In July 2022, Safran S.A. inaugurated three new manufacturing facilities in India and has plans to construct a large new plant by 2025, strengthening its strategic cooperation with the country. The company's investment of over USD 200 million by 2025 demonstrates its commitment to India's long-term growth. The new MRO 4.0 center in Hyderabad will bolster the global network and enable Safran to meet the increasing demand from CFM clients amidst the rising air traffic in India and the surrounding region.
  • In March 2023, GE Aerospace made a significant investment of USD 450 million in its existing U.S. manufacturing facility. This investment aims to enhance the efficiency and quality of their solutions, implementing assembly improvements, expanding capacity, and upgrading maintenance and safety infrastructure. By expanding its manufacturing output, GE Aerospace aims to increase its market share in North America.

Aircraft Generators Key Market Trends

Adoption of More Electric Aircraft (MEA) Technology:

  • The aviation industry has been witnessing a trend towards More Electric Aircraft (MEA) technology, which aims to replace traditional pneumatic and hydraulic systems with electric systems. As part of this trend, aircraft manufacturers are increasingly using electrical power to drive various systems, including aircraft generators. MEA technology offers advantages like improved fuel efficiency, reduced maintenance costs, and enhanced reliability. As a result, there is a growing demand for advanced and more powerful aircraft generators capable of meeting the electrical power requirements of modern aircraft.

Integration of Power Electronics and Smart Control Systems:

  • Aircraft generator manufacturers are focusing on integrating power electronics and smart control systems into their products. This integration allows for better management of electrical power distribution, load prioritization, and more efficient power generation. Smart control systems help optimize power usage, reduce energy wastage, and enhance overall system performance. With the increasing complexity of electrical systems in aircraft, the integration of power electronics and smart control becomes crucial to ensure the seamless operation of various onboard systems while maintaining optimal power generation.

Aircraft Generators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global aircraft generators market analyses, the increasing demand for commercial and military aircraft globally is a prime growth driver. Technological advancements, such as the development of lightweight and more efficient generators, contribute to market expansion. Additionally, the rising adoption of electric and hybrid-electric aircraft drives the demand for innovative generator systems. However, challenges include strict safety regulations and certification processes in the aviation industry, which may lead to prolonged product development timelines. Moreover, the high costs associated with research and development efforts, along with intense competition among market players, pose challenges for market players. Despite these hurdles, the market is expected to grow further, supported by the growing aviation sector and the increasing emphasis on fuel-efficient and sustainable aircraft solutions.

Report Metric Details
Market size value in 2023 USD 4.85 billion
Market size value in 2031 USD 9.14 billion
Growth Rate 7.3%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Current type
    • AC Generators and DC Generators
  • Aircraft type
    • Fixed wing and Rotary wing
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Honeywell International Inc. (US)
  • The Boeing Company (US)
  • Haigh-Farr, Inc. (US)
  • L3 Harris Technologies, Inc. (US)
  • HEICO Corporation (US)
  • Cobham Aerospace Communications (UK)
  • R.A. Miller Industries (US)
  • Sensor Systems, Inc. (US)
  • HR Smith Group of Companies (UK)
  • Collins Aerospace Systems (US)
  • Astronics Corporation (US)
  • Diehl Stiftung & Co. KG (Germany)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Aircraft Generators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Aircraft Generators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Aircraft Generators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Generators Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Generators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aircraft Generators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Aircraft Generators Market size was valued at USD 4.85 billion in 2021 and is poised to grow from USD 5.2 billion in 2022 to USD 9.14 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

The aircraft generators market features a competitive landscape with several key players vying for market share. Prominent companies in the sector offer a diverse range of aircraft generator solutions, catering to various aircraft types and sizes. These market players continuously focus on research and development to introduce technologically advanced and fuel-efficient generator systems. Additionally, they engage in strategic partnerships, acquisitions, and collaborations to expand their product portfolios and presence. The competitive nature of the market drives innovation and customer-centric approaches, as companies strive to meet the evolving demands of the aviation industry and maintain a strong foothold in the market. 'Honeywell International Inc. (US)', 'Dayton-Granger, Inc. (US)', 'Chelton Limited (UK)', 'Lockheed Martin Corporation (US)', 'The Boeing Company (US)', 'Haigh-Farr, Inc. (US)', 'L3 Harris Technologies, Inc. (US)', 'HEICO Corporation (US)', 'Cobham Aerospace Communications (UK)', 'R.A. Miller Industries (US)', 'Sensor Systems, Inc. (US)', 'HR Smith Group of Companies (UK)', 'Collins Aerospace Systems (US)', 'Astronics Corporation (US)', 'Diehl Stiftung & Co. KG (Germany)'

The growing demand for air travel and the expansion of commercial and regional airline fleets drive the need for more aircraft, subsequently increasing the demand for aircraft generators.

The aviation industry has been witnessing a trend towards More Electric Aircraft (MEA) technology, which aims to replace traditional pneumatic and hydraulic systems with electric systems. As part of this trend, aircraft manufacturers are increasingly using electrical power to drive various systems, including aircraft generators. MEA technology offers advantages like improved fuel efficiency, reduced maintenance costs, and enhanced reliability. As a result, there is a growing demand for advanced and more powerful aircraft generators capable of meeting the electrical power requirements of modern aircraft.

The aircraft generators market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” emerged as the leader, holding the largest market share. The region has a strong presence of major aircraft manufacturers, airlines, and defense contractors, driving the demand for aircraft generators. Additionally, North America has a robust aviation sector, with a large fleet of commercial and military aircraft, leading to continuous demand for generator systems to power various onboard systems.

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