How big is the aircraft generators market today, and what are its future growth expectations?
The aircraft generators market size has grown strongly in recent years. It will grow from $5.9 billion in 2024 to $6.38 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to early aircraft electrification, military aviation requirements, commercial aviation expansion, standardization and regulatory compliance.
The aircraft generators market size is expected to see strong growth in the next few years. It will grow to $8.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rapid growth in aviation sector, electrification of aircraft systems, focus on fuel efficiency and sustainability, increasing demand for lightweight components, integration of hybrid propulsion systems. Major trends in the forecast period include market shifts due to new aircraft models, integration of sustainable power solution, advancements in power generation technologies, demand for lightweight and compact systems, rise of electric propulsion systems.
Get Your Free Sample of The Global Aircraft Generators Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13258&type=smp
What have been the primary factors driving the aircraft generators market’s growth?
The increasing demand for air travel is expected to propel the growth of the aircraft generators market going forward. Air travel involves the transportation of passengers or cargo by aircraft through the atmosphere from one location to another location. Aircraft generators play a crucial role in air travel by providing electrical power for various functions such as navigation, intercoms, communication radios, and in-flight entertainment systems. For instance, in January 2024, according to the International Air Transport Association (IATA), a US-based trade association of the global airline industry, in 2023, the total traffic in air travel rose 36.9% compared to 2022. Also, in December 2023, international traffic saw a 24.2% increase compared to December 2022, while domestic traffic grew by 27.0% over the previous year. Therefore, the increasing demand for air travel is driving the growth of the aircraft generators market.
What are the key segments within the aircraft generators market?
The aircraft generators market covered in this report is segmented –
1) By Type: Variable Speed, Constant Frequency, Auxiliary Power Unit, Starter Generator, Integrated Drive Generator, Alternator
2) By Aircraft Technology: Conventional Aircraft, Hybrid Electric Aircraft
3) By Current Type: Alternating Current (AC), Direct Current (DC)
4) By Platform: Fixed-Wing, Rotary-Wing
5) By End Use: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Variable Speed: Permanent Magnet Generator (PMG), Induction Generator
2) By Constant Frequency: Brushless Generators, Synchronous Generators
3) By Auxiliary Power Unit (APU): Turbojet APUs, Turbofan APUs
4) By Starter Generator: Electric Starter Generators, Pneumatic Starter Generators
5) By Integrated Drive Generator (IDG): Constant Speed Drive (CSD), Variable Speed Drive (VSD)
6) By Alternator: Single-Phase Alternators, Three-Phase Alternators
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/aircraft-generators-global-market-report
Which key players are shaping the aircraft generators market?
Major companies operating in the aircraft generators market report are General Electric Company, RTX Corporation, Boeing Co., Honeywell International Inc., Safran S.A., Thales Group, Ametek Inc., TransDigm Group Inc., Regal Beloit Corporation, Diehl Stiftung & Co. KG, Smiths Group PLC, Woodward Inc., HEICO Corporation, Sinfonia Technology Co. Ltd., Crane Aerospace & Electronics LLC, Astronics Corporation, PBS Aerospace Inc., Dayton-Granger Inc., Calnetix Technologies LLC, Chelton Limited, Aerolec Technology Corporation, Arc Systems Inc., Duryea Technologies Inc., Epropelled Systems Private Limited, Motor Magnetics Inc., Technodinamika Corporation, Plane Power Alternators LLC
How will emerging trends drive the aircraft generators market throughout the forecast period?
Major companies operating in the aircraft generators market are focusing on technological advancements, such as hybrid electric demonstrator engines, to enhance aircraft performance and reduce emissions. A hybrid electric demonstrator engine is an aircraft engine that combines traditional jet fuel technology with electric motors/generators to improve power efficiency and reduce emissions. For instance, in June 2024, General Electric Company, a US-based Aerospace company, in collaboration with the National Aeronautics and Space Administration, a US-based Government agency, launched a hybrid electric demonstrator engine. Thisincorporates an electric motor/generator into a commercial turbofan engine to enhance power during various operational phases. The development of this hybrid electric engine represents a pivotal step toward sustainable aviation practices. It aligns with broader industry goals to electrify aircraft fleets and significantly reduce carbon emissions by 2050.
How do regional factors impact the aircraft generators market, and which region is the largest contributor?
North America was the largest region in the aircraft generators market in 2024. The regions covered in the aircraft generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Aircraft Generators Market Report 2025 Offer?
The aircraft generators market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aircraft generators are onboard devices that convert mechanical energy from the engine into electrical power, providing electricity to essential systems and equipment during flight. They are crucial in maintaining avionics, lighting, and other critical functions. These generators make sure that the system is not stopped, as the other generators continue to power the components attached to it.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13258
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
