More Electric Aircraft Market by Application (Power Generation, Power Distribution, Power Conversion, Energy Storage), Aircraft Type (Fixed Wing, Rotary Wing), Aircraft System, Component, End User and Region - Global Forecast to 2027
Aircraft Electrical Systems Market by System (Power Generation, Conversion, Distribution, Energy Storage), Component, Technology, Platform (Commercial Aviation, Military Aviation, Business & General Aviation), End-User, Application & Region - Global Forec
Aircraft Electrical Systems Market by System (Power Generation, Conversion, Distribution, Energy Storage), Component, Technology, Platform (Commercial Aviation, Military Aviation, Business & General Aviation), End-User, Application & Region - Global Forec
The aircraft electrical systems market is projected to grow from USD 29.9 billion in 2019 to USD 41.7 billion by 2025, at a CAGR of 5.67% during the forecast period.
The aircraft electrical systems market is projected to reach USD 24.79 Billion by 2022, at a CAGR of 6.45% during the forecast period.
Increasing demand for more electric aircraft, fuel-efficient aircraft, and unmanned aerial vehicles are the key factors driving the market. The markets in India, China, and Japan are expected to witness significant growth during the forecast period.
The aircraft electrical systems market is projected to grow from USD 17.04 Billion in 2016 to USD 24.79 Billion by 2022, at a CAGR of 6.45% from 2016 to 2022 during the forecast period.
Increasing demand for more electric aircraft, fuel-efficient aircraft, and unmanned aerial vehicles are the key factors driving the market. The markets in India, China, and Japan are expected to witness significant growth during the forecast period.
Increasing demand for more electric aircraft, fuel-efficient aircraft, and unmanned aerial vehicles are the key factors driving the market. The markets in India, China, and Japan are expected to witness significant growth during the forecast period.
Increasing demand for more electric aircraft, fuel-efficient aircraft, and unmanned aerial vehicles are the key factors driving the market.
Major factors expected to drive the growth of the North American aircraft electrical systems market include increasing passenger traffic, demand for new aircraft, and retrofit of traditional electrical systems, among others.