Aircraft Electrical Systems Market 2024-2028: Size and Impact of COVID-19 on the aviation industry; growth driven by the Platform, Some of key Companies Positioned Strategically

The aircraft electrical systems market size by Platform (Commercial aviation, Military aviation, and Business and general aviation) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 4550 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• The global aviation industry has been significantly impacted by the COVID-19 pandemic, leading to historically low levels of air travel. Consequently, airlines are facing a massive financial setback and are reassessing their fleet strategies and capital expenditures. Many carriers are canceling, deferring, or renegotiating open orders for new aircraft. The Brazilian Airline Association (Abear) reports that the Brazilian domestic air network recovered by nearly 85% in 2021 compared to operations in March 2020. However, given the current circumstances, it is unlikely that the aerospace industry will see new aircraft orders approach pre-pandemic levels in the near future.
• The Aircraft Electrical Systems Market encompasses the design, manufacturing, installation, and maintenance of electrical systems for aviation applications. These systems power various aircraft components, including lighting, communication, navigation, and engine controls. Market growth is driven by increasing demand for fuel efficiency, safety, and advanced technology in aircraft. Key players include Honeywell International, United Technologies, and Safran Electrical & Power.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• AMETEK Inc.
• Amphenol Corp.
• Astronics Corp.
• B and C Specialty Products Inc.
• BAE Systems Plc
• Carlisle Companies Inc.
• Collins Aerospace
• Crane Aerospace and Electronics
• EaglePicher Technologies LLC
• Electric Power Systems
• General Electric Co.
• HEICO Corp.
• Honeywell International Inc.
• Meggitt Plc
• Nabtesco Corp.
• PBS Aerospace Inc.
• Safran SA
• Thales Group
• TransDigm Group Inc.

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