Global Aircraft Electrical Systems Market to Reach $24.5 Billion by 2026

SAN FRANCISCO, Aug. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aircraft Electrical Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 3196
Companies: 44 - Players covered include Astronics Corporation; Crane Aerospace & Electronics; Elbit Systems Ltd.; GE Aviation; Hartzell Engine Technologies LLC; Honeywell International, Inc.; Safran; Thales Group; United Technologies Corporation (UTC) and Others.
Coverage: All major geographies and key segments
Segments: Application (Aircraft Utility Management, Configuration Management, Flight Control & Operations, Power Generation Management); Technology (Power Generation, Power Conversion, Power Distribution, Energy Storage Device)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Aircraft Electrical Systems Market to Reach $24.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Aircraft Electrical Systems estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$24.5 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Power Generation, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$9.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Power Conversion segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.1 Billion in 2021, While China is Forecast to Reach $4.9 Billion by 2026
The Aircraft Electrical Systems market in the U.S. is estimated at US$5.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Power Distribution Segment to Reach $5.2 Billion by 2026
In the global Power Distribution segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.8 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$692.7 Million by the year 2026, while Latin America will expand at a 6.6% CAGR through the analysis period. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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