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What key factors are powering the surge in the aircraft generators market right now?

In recent years, there has been a significant increase in the size of the aircraft generators market. The market, which is expected to expand from $5.9 billion in 2024 to $6.38 billion in 2025, has a predicted compound annual growth rate (CAGR) of 8.1%. The historical growth of this sector can be linked to factors such as early electrification of aircraft, the needs of military aviation, commercial aviation expansion, as well as standardization and regulatory compliance.

How fast Is the aircraft generators market expected to grow, and what’s its future value?

The market size for aircraft generators is predicted to experience robust expansion in the coming years, escalating to $8.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. This growth during the projected period can be linked to the swift expansion of the aviation industry, the conversion to electric aircraft systems, an emphasis on fuel preservation and eco-friendly practices, a rising need for light-weight components, and inclusion of hybrid propulsion mechanisms. Upcoming market trends during the projection period will likely involve market adjustments due to the introduction of new aircraft models, incorporation of green power solutions, advancements in power generation methodologies, demand for compact and lightweight systems, and the emergence of electric propulsion systems.

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What are the leading drivers of growth in the aircraft generators market?

The anticipated surge in air travel is projected to boost the development of the aircraft generators market. The transportation of passengers or cargo through the atmosphere from one place to another constitutes air travel. Aircraft generators, which supply electrical power for various functions such as navigation, intercoms, communication radios and in-flight entertainment systems, are vitally important in air travel. For example, the International Air Transport Association (IATA), a US-based trade association for the global airline industry, noted in January 2024 that total air travel traffic in 2023 increased by 36.9% compared to 2022. In December 2023, international traffic increased by 24.2% compared to December 2022, while domestic traffic increased by 27.0% over the previous year. Hence, the escalating demand for air travel is pushing the growth of the aircraft generators market.

Aircraft Generators Market Driver: The Escalating Demand for Commercial Aircraft is Boosting The Aircraft Generators Market Growth

What are the key segments defining 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

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Who are the key players steering the development of 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

What emerging trends are influencing the growth of the aircraft generators market?

Leading enterprises in the aircraft generators industry are emphasizing technological innovations such as hybrid electric demonstrator engines to boost aircraft capabilities and lower emissions. This type of engine merges conventional jet fuel techniques with electric generators/motors to heighten power efficiency and cut down emissions. Take for example, General Electric Company, an American Aerospace company, collaborated with the National Aeronautics and Space Administration, a government agency in the US, in June 2024 to introduce such an engine. It uniquely integrates an electric generator/motor into a commercial turbofan engine to amplify power during different operational stages. The creation of this hybrid electric engine signals a crucial advancement towards eco-friendly aviation practices. It resonates with the wider industry aims of electrifying airplane fleets and drastically decreasing carbon emissions by 2050.

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Which regions are most influential in expanding 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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