Aircraft Electrical Distribution Systems Market Growth Rate And Industry Analysis 2021-2026

by Matt Easterlin on Nov 22, 2022 Finance 97 Views

The report entitled; “Aircraft Electrical Distribution Systems Market Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report by Systems Market is Segmented by Product Type (Solid State Power Controllers, Relays, Contactors, Circuit Breakers, and Others), by System Type (Primary Power Distribution System and Secondary Power Distribution System), by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Fit Type (Original Equipment and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Highlights

The electrical distribution system of an aircraft connects the aircraft generators to the individual devices and systems powered by electrical energy during both flight and aircraft-on-ground operations. The electrical distribution system market is divided into primary and secondary power distribution systems. Each of these fulfills different functions within the electrical system. Another important function of the electrical distribution system is the protection of the aircraft wiring from electrical overloads and the monitoring of any power surge incident in the distribution circuit. This is achieved utilizing circuit protection devices.

The aviation industry proved to be one of the biggest victims of the pandemic. However, the impact of the pandemic varied from aircraft to aircraft. For instance; commercial aircraft recorded an irreparable loss in the year 2020, whereas, military aircraft registered a relatively less decline. The tremor of this had been felt across the industry verticals including electrical distribution systems, declined over 20% in the year 2020. Overall, in the long run, the aircraft electrical distribution systems market is likely to rebound at a significant CAGR of 8.3% to reach a value of US$ 1.7 Billion by 2026.

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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