The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the aircraft generators market further?
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.
Aircraft Generators Market Driver: The Growing Demand For Commercial Aircraft Growth In Aircraft Generators Market
The growing demand for commercial aircraft is expected to propel the growth of the aircraft generator market going forward. A commercial aircraft is a type of aircraft designed and used for transporting passengers or cargo for profit or business purposes. As airlines and cargo carriers seek to expand their fleets to meet the rising demand for air travel and cargo transportation, aircraft manufacturers need to increase their production rates. This leads to a higher demand for aircraft components, including generators, to equip these new planes. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, the company delivered 661 commercial aircraft to 84 customers in 2022, representing an increase of 8% from the 611 units sold in 2021. Therefore, the growing demand for commercial aircraft is driving the growth of the aircraft generator market.
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What are the key factors influencing the forecasted market size of the aircraft generators industry?
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.
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Who are the leading competitors in 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
Which emerging trends are set to transform the aircraft generators market landscape?
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 different geographies compare in terms of market share and growth potential in the aircraft generators market?
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
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Which major segments of the aircraft generators market are experiencing the fastest growth?
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
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How is the aircraft generators market defined?
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.
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