航空機用電気系統市場 - 成長、傾向、予測
Aircraft Electrical Systems Market - Growth, Trends, and Forecast (2020 - 2025)
|発行||Mordor Intelligence LLP||商品コード||922650|
|出版日||ページ情報||英文 105 Pages
|航空機用電気系統市場 - 成長、傾向、予測 Aircraft Electrical Systems Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日: 2020年01月01日||ページ情報: 英文 105 Pages||
The aircraft electrical systems market is anticipated to grow at a CAGR of more than 3% during the forecast period. An aircraft is a sophisticated assembly of electrical subsystems and components working in tandem to achieve desired flight parameters. An aircraft electrical system constitutes four essential sub-systems, namely power generation, distribution, conversion, and storage. These subsystems are comprised of several electrical components that help generate and conduct electrical power to all systems across the length of the aircraft.
To provide a comprehensive qualitative outlook, the aircraft electrical systems market considers the different players that offer either or all of the following components: primary generators, auxiliary power units (APUs) and starter generators, distribution buses, remote power distribution assembly, power conversion units, and aircraft batteries.
The scope of the study includes commercial, military, and general aviation aircraft. Market estimates are inclusive of only the line-fit aspect of the aircraft electrical systems market. Dominant market players have been selected based on their association with prominent aircraft programs for different aviation platforms.
Commercial Segment to Account for the Highest Market Share due to High Number of Aircraft Deliveries
The 38.88% increase in global passenger traffic between 2013 and 2018 has driven airline operators to initiate procurement drives and place firm orders for newer generation aircraft. In 2018, around 1,830 commercial aircraft were delivered to several airline operators across the globe. Aircraft OEMs are continuously ramping their production capabilities to ensure on-time delivery to the airlines. Several new orders have been placed during 2019 which has encouraged associated electrical system manufacturers and integrators to enhance their production capabilities. Some of the notable aircraft orders are:
Several commercial operators are also considering fleet expansion as part of their operational scaling strategies. For instance, Kuwait's Jazeera Airways plans to order around 22-25 narrowbody aircraft in early 2020. Such procurement orders would drive the business prospects of the market players during the forecast period.
Favorable Market Outlook in Asia-Pacific
The robust economic growth, coupled with favorable population and demographic profiles of the populace in developing countries, especially in the Asia-Pacific region is driving the air passenger traffic in the region. By 2025, China is expected to become the world's largest aviation market in terms of air traffic, while India is expected to develop into the world's third-largest aviation market, by 2030. Other countries such as Indonesia and Thailand are anticipated to enter the top 10 global markets over the next decade.
In 2018, the Asia-Pacific region accounted for around 24% of the global military expenditure. The defense spending was directly influenced by the ongoing geopolitical rift in the region and was majorly driven by the race for achieving technological superiority over other countries. Military aviation in the region is also evolving due to the increase in defense spendings from emerging economies, such as China and India. In 2018, China recorded a straight 11-year increase in annual military expenditure. During 2018, the country's annual military expenditure accounted for 49% of the total defense expenditure in the Asia-Pacific region. China has indigenously developed the J-20, while India has made tremendous progress with the Tejas LCA. Such developments have driven the business prospects of the electric systems manufacturers and integrators in the region.
The aircraft electrical systems market is fragmented and has been witnessing the emergence of several regional Tier 1 & 2 market players that provide full lifecycle support, ranging from conceptual design, testing, and regulatory compliance certification. Hence, leading market players such as Safran SA, Honeywell International Inc., United Technologies Corporation, GE, Meggitt PLC, and Thales Group combine value engineering techniques, and design automation expertise to design cost-effective next-generation aircraft electrical systems. Since the design of each commercial aircraft family is moderately different from the other, an integrated electric system should be modular to allow for provisions for altering the connection layout for ensuring compatibility. In military aviation, the electrical architecture of an aircraft may be totally different from another and is highly dependent on the mission profile. For instance, an ISR aircraft would have provisions for integrating additional equipment, while a fighter aircraft would focus on integrating more weapon systems. This presents a design challenge for electrical system manufacturers and may expose the market players to financial risks owing to the high R&D expenditure divested towards designing advanced electrical systems.