The aircraft generators market was valued at USD 5.83 billion in 2022. The market is projected to grow from USD 6.30 billion in 2023 to USD 12.98 billion by 2033. Over this forecast period, the market for aircraft generators is estimated to register a CAGR of 7.5%.
| Attributes | Details |
|---|---|
| Aircraft Generators Market Value (2023) | USD 6.30 billion |
| Aircraft Generators Market Expected Value (2033) | USD 12.98 billion |
| Aircraft Generators Market Projected CAGR (2023 to 2033) | 7.5% |
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Cost-effective integrated circuitry is currently entering the aviation industry. Modern light-aircraft avionics can provide pilots with a real-time weather forecast and alert them to turbulent activity. They also help to navigate them in three dimensions through satellite signals and to save a database of engine operating information.
This is terrific, but without a dependable electrical supply, such as a generator, the miracles of the technological revolution are actually counterproductive. Hence, the aircraft generators market is expected to thrive at a remarkable rate, owing to varieties of dynamics at play which are:
Although the aircraft generators market is expanding swiftly, certain variables are expected to slow down this expansion. In general, an engine rpm above 1,400 rpm is needed for generators to operate at their rated power. In the pilot's seat, this liability could be a genuine problem.
Generators also have additional drawbacks. They weigh more and have lower amperage ratings than alternators. The complete electrical output of a generator is passed through a carbon brush commutator, a copper segment junction. This causes electrical noise and static that frequently radiates to adjacent avionics. Alternators need less maintenance than generators do. Hence, alternators are occasionally selected as worthy generator alternatives.
On the other hand, high voltages are preferred for conveying huge volumes of energy throughout an aircraft. Additionally, the operating voltage is significantly higher during the flight due to the usage of high-power density batteries and motors in aircraft systems. This might result in the intemperance of hundreds of kilowatts of heat from several sources.
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Manufacturers are refining high-density battery technologies and developing alternative power sources for the production of electricity. In the upcoming years, the aircraft generator market is likely to encounter more development potential because of the rise of polished power electronic components.
There has been significant beneficial advancement in the field of hybrid-based technology for turbo generators to be installed on electric aircraft. Manufacturers are designing these generators particularly for supplying high-powered electric motors and recharging the batteries of urban mobility aircraft.
Market players are utilizing the opportunity of crafting new turbo generators that can run on any fossil fuel substitutes, like biofuel. The most recent innovation is likely to run on aviation biofuel, such as Honeywell Green Jet Fuel. This fuel is chemically comparable to fossil fuel but is manufactured from more environmentally friendly substitutes.
The aircraft generators market is estimated to grow at 7.5% CAGR between 2023 and 2033. Historically, the market value of aircraft generators showed slow development from 2018 to 2022, with a CAGR of 5.1%.
Air travel is more popular now than ever before because it provides the quick movement that perishable commodities require.
The defense industries of numerous nations have adopted sustainable approaches to the aviation sector. This phenomenon has raised the demand for aircraft with minimum negative effects on the environment. Demand is expected to rise further as a result of improvements in generator design. It is anticipated to lower greenhouse gas emissions and has little negative environmental effects.
The International Civil Aviation Organization (ICAO) and other government organizations have established pollution standards for aircraft. These rules are expected to lower the amount of fuel that aircraft use and improve their performance. The demand for electric aircraft that necessitate generators is likely to surge as a result of stricter pollution rules.
| Historical CAGR (2018 to 2022) | 5.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.5% |
On the back of these factors, the aircraft generators market is likely to grow 2X between 2023 and 2033. As per the analysts, a valuation of USD 12.98 billion by 2033 end is estimated for the market.
| Year | Market Valuation |
|---|---|
| 2018 | USD 4.78 billion |
| 2022 | USD 5.83 billion |
| 2023 | USD 6.30 billion |
| 2033 | USD 12.98 billion |
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The aircraft generators market is segmented on the basis of aircraft type, current type, end-use, product type, aircraft technology, power rating, and region.
| Segment | Aircraft Type |
|---|---|
| Attributes | Fixed Wing |
| Market Share | 68.6% |
The fixed-wing segment is anticipated to hold the largest share of the market among aircraft types over the forecast period. Every fixed-wing aircraft features wings that provide lift by using forward airspeed to keep the craft aloft. In the world of aviation today, flights are capable of carrying both passengers and freight globally.
The demand for commercial aircraft is expanding across countries as transportation in airways is increasing. The aviation industry is moving toward more electric solutions as a result of this steady increase in air traffic. Besides, there is a need to optimize performance and lower operating and maintenance costs. Due to this tendency, the amount of electricity needed for airplanes has greatly risen over time. This leads to considerable modifications in the architecture of the electric power systems. These elements support the expansion of the aircraft generator market's fixed-wing segment.
The VSCF generators are likely to experience the fastest growth over the forecast period in terms of product type. To save production costs and enhance product and service quality, VSCF electrical systems are constructed utilizing standard modules. It is a rule-based synthesis system with an all-encompassing domain that includes the matrix of common modules. Flexible electrical designs are compatible with VSCF generators.
With VSCF, electrical energy is produced at a set frequency and voltage using a variable-speed prime mover connected to the generator shaft. One such illustration is a wind generator.
In contrast to IDG generators, whose machineries must be positioned adjacent to the engine, VSCF generators' machineries can be dispersed throughout the aircraft. This aspect is encouraging a larger number of aircraft designers to incorporate VSCF generators into their aircraft.
Among the regions, North America dominates the market holding the largest share of the global market. Over the forecast period, the Asia Pacific region is projected to grow at the fastest rate.
| Country | The United States |
|---|---|
| Market Share | 18.3% |
A significant portion of aircraft integrating more electric architecture is delivered to the United States. This makes the country a significant market for more electric aircraft. The USA aircraft generators are anticipated to increase as a result of the requisite infrastructure. Furthermore, the country gives a significant focus on research and development in the electrification of aircraft components.
The electric aircraft market is also expanding in the USA as a result of rising government initiatives and growing environmental concerns. Additionally, many USA citizens and company owners use business aircraft for long-distance travel. As a result, the demand for aircraft generators is increasing.
The USA has the greatest UAV fleet in terms of both military and civilian applications. Activities like rising investments in the aviation, aerospace, and defense industries are anticipated to affect the United States aircraft generator market positively. Besides, all of the major aircraft generator producers and service companies are based in the USA.
| Countries | Growth Measures |
|---|---|
| United Kingdom | 3.1% CAGR |
| Germany | 5.1% Market Share |
Over the forecast period, the United Kingdom's tourism industry is likely to grow and become more appealing. The country's expanding tourism industry is fueling investments in the aviation industry. As a result, there is an increase in demand for electric airplanes and therefore for generators. The United Kingdom dominates the market for electric aircraft in Europe owing to the presence of aircraft manufacturing giant Airbus.
Furthermore, the availability of business jet travel for locals is causing a boom in demand for electric aircraft in Europe. Additionally, favorable regulatory guidelines for electric aircraft and strict regulations for carbon emission are encouraging the United Kingdom aircraft generators market. The existence of significant industry players is another factor driving the aircraft generators market in Europe.
The aviation sector is currently one of the most developed in the world, particularly in Europe. Advanced power-efficient and low-emission aircraft types are being developed by certain suppliers and aviation research institutes in Germany. The use of electric aircraft for short-distance flying by many people who are concerned about the environment is increasing demand for the product.
German aircraft generators market is likely to encounter opportunities to expand due to rising local and international air traffic. A growing aviation sector across Europe and growing research activities through specialized aviation institutions in Germany are creating exciting potential for aircraft generators.
Out of all the regions, the Asia Pacific region is experiencing the fastest growth. China, India, and Japan are expanding their domestic aircraft production. Additionally, these nations are experiencing an increase in air traffic. This results in the region's expanding fleet sizes. The aftermarket services in these areas are projected to benefit from the expanding fleet size. These elements are anticipated to fuel the expansion of aircraft generators market in these countries.
| Countries | Growth Measures |
|---|---|
| China | 4.4% CAGR |
| Japan | 5.8% Market Share |
| India | 4.9% CAGR |
While the rest of the world considers electric vehicles to be the future of transportation, China has gone one step further. Electric planes are replacing electric vehicles in the nation. The country is focusing on creating battery-powered aircraft for short-haul travel. Furthermore, owing to the country's developing domestic and civil aviation sectors, China's sales and manufacture of aircraft generators are expected to rise dramatically.
Compared to other nations in the Asia Pacific area, the economic situation of the people in China is better. They can thus afford electric planes for short-distance travel. Domestic aviation now carries more people each year because of rapid urbanization and government efforts to develop its network of airports. These factors help the Chinese aircraft generators market to grow at a fast pace.
The demand for aircraft generators is expected to increase as investments in Japan's expanding aircraft fleet increase. A further factor driving the growth of the Japanese aircraft generators market is the surge in demand for greater air connectivity between cities, which is boosting the sales of commercial electric aircraft.
By releasing electric aircraft, several businesses, notably Rolls Royce, want to capitalize on Japan's strong demand for urban mobility. Aircraft manufacturers and Rolls Royce are collaborating to develop vehicles and aircraft with electric propulsion systems for vertical takeoff and landing (eVTOL). Manufacturers are expected to start deploying the technology in 2025.
India is making significant efforts to lower carbon emissions from all transport-related sources. The nation is making every effort to minimize emissions, from the adoption of electric automobiles and buses to more recently adopting electric flights.
For the selling of aircraft generators, the Indian aviation sector is providing significant potential. By 2024, the nation is probably going to overtake China as the third-largest aviation market in terms of passengers. In the Union Budget 2021 to 22, the government reduced the customs duty on components or parts, including engines and generators, used in the production of aircraft by public sector entities of the Ministry of Defense from 2.5% to 0%.
Companies that have recently entered the aviation generator industry feel that maintaining technological leadership implies enhancing their competitive edge. They not only focus on launching products but also make a huge investment in research and development to make a footprint in the global aircraft generators market.
Leading Startups to Keep an Eye on
| Start-up Company | LaunchPoint |
|---|---|
| Country | United States |
| Description | Technologies from LaunchPoint are appropriate for mission-critical Aerospace and Defense systems. Its uses are for both aerial and ground vehicles' engine/starter/generator, auxiliary power, and thermal management systems. GenSets from LaunchPoint are ideal flying solutions. They combine engines with lightweight electric machines and controls to create extremely effective and complex electric power generators. |
| Recent Developments | In January 2021, a brand-new hybrid generator system was designed by LaunchPoint. It creates new opportunities in the quickly expanding field of hybrid electric flying. |
| Start-up Company | Turbotech |
|---|---|
| Country | France |
| Description | Turbotech is an innovator with a focus on finding new uses for high-speed, high-efficiency turbo-machinery technology in the domains of co-generation and unconventional energy. |
| Recent Developments | In June 2017, Turbotech developed a turbogenerator. Each type of aircraft can be powered by this turbogenerator when included in a hybrid propulsion system. |
In addition to developing new technologies for aircraft generators, businesses in the aircraft generator industry are also working to improve their current products. Some are forming strategic alliances with other market competitors to expand their reach and keep supremacy. To further their penetration into profitable industries, they are also maintaining beneficial relationships with aircraft manufacturers, particularly with those that produce electric aircraft.
| Company | Honeywell Aerospace |
|---|---|
| Details | Almost all commercial, military, and space aircraft in the globe are equipped with services and products from Honeywell Aerospace. Its mission is to address the biggest problems faced by airline manufacturers and travelers to revolutionize aviation. |
| Recent Developments | In May 2022, Honeywell's 1-megawatt generating system successfully passed the first stage of testing. It is a brand-new kind of energy created for use in hybrid electric aircraft. This technology is the only electric device of its kind in the industry that can operate as a 1-megawatt motor without any changes and is aerospace-grade. |
| Company | Diehl Aviation |
|---|---|
| Details | Diehl Aviation is one of the leading businesses in the world for aircraft. It is a recognized business associate for the aviation sector. The business provides avionics on a global scale as a first-tier supplier. |
| Recent Developments | In June 2022, for the provision of oxygen in case of emergency on board passenger aircraft, Diehl Aviation created its own generator. At the Aviation Interiors Expo (AIX) in Hamburg, the top provider of aircraft systems and cabin interiors officially unveiled its Universal Oxygen Generator. |
| Company | Astronics Corporation |
|---|---|
| Details | Astronics Corporation provides dependable and cutting-edge technological solutions to the aerospace, defense, and other mission-critical sectors globally. |
| Recent Developments | In May 2022, Astronics Corporation announced that it has increased the capabilities and product selection for its CorePower® brand. It aims to meet the demands of the developing electric aircraft sector, |
The aircraft generators market accounted for a market value of USD 6.30 billion in 2023.
The aircraft generators market is estimated to record a CAGR of 7.5% during the forecast period.
The aircraft generators market size is predicted to be valued at USD 12.98 billion by 2033.
North America dominates the global aircraft generators market.
1. Executive Summary | Aircraft Generators Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Current Type 5.1. AC 5.2. DC 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform 6.1. Fixed-wing 6.2. Rotary-wing 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 7.1. Variable Speed Constant Frequency 7.2. Auxiliary Power Unit 7.3. Starter Generator 7.4. Integrated Drive Generator 7.5. Alternator 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Aircraft Technology 8.1. Conventional Aircraft 8.2. Hybrid Electric Aircraft 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rating 9.1. Less than 100 kW 9.2. 100-500 kW 9.3. More than 500 kW 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. OEM 10.2. Aftermarket 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Asia Pacific 11.5. Middle East and Africa (MEA) 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Honeywell 19.2. General Electric 19.3. Collins Aerospace 19.4. Safran 19.5. Thales Group 19.6. Ametek Inc. 19.7. Meggitt Plc 19.8. Rolls-Royce Holdings Plc 19.9. Astronics Corporation 19.10. Calnetix Technologies 20. Assumptions & Acronyms Used 21. Research Methodology
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Aircraft Generators Market
