HOME Research Insight United Technologies Corporation is one of the Leading Business Conglomerates Operating in the global Aircraft Electrical Systems Market

United Technologies Corporation is one of the Leading Business Conglomerates Operating in the global Aircraft Electrical Systems Market

An aircraft electrical system is a network of components that enables the generation, transmission, distribution, utilization, and storage of electrical energy. The capacity and complexity of an aircraft electrical system varies significantly between a light, piston powered aircraft and a multi-engine commercial jet aircraft. However, the basic principles and components of an electrical system are same for all aircraft at both ends of the complexity spectrum. An aircraft electrical system consists of two or more engine-driven generators or alternators to supply AC loads throughout the aircraft. The output from the generators may be used without modification or routed through the power conversion systems (transformers, rectifiers, or inverters) to change the type of current or voltage. The system provides energy to the main electric loads, which include motors and actuators, subsystem controllers, lighting, avionics systems, and heating devices. Aircraft equipment that commonly use the electrical system for their source of energy include fuel gauges, air conditioning, ice protection, flight control and systems, utilities, and landing gears, among others.

Growth of the aircraft electrical systems market is dependent on the number of aircraft deliveries and growth in the aviation market. The aircraft electrical systems market is projected to grow from USD 17.04 Billion in 2016 to USD 24.79 Billion by 2022, at a CAGR of 6.45% from 2016 to 2022. Rise in aircraft deliveries owing to the increasing air passenger traffic across the globe and shift towards more electrical architecture and technology are the key factors driving the growth of the aircraft electrical systems market. United Technologies Corporation (U.S.), Thales Group (France), Zodiac Aerospace (France), Safran S.A. (France), and Honeywell International, Inc. (U.S.) are the key players in the aircraft electrical systems market. Contracts and acquisitions are the key growth strategies adopted by these leading players to strengthen their positions in the market. Core competencies of these market players include expansions through increased investments in R&D and the development strong relations with government agencies and civil clients.

United Technologies Corporation is one of the leading business conglomerates operating in the global aircraft electrical systems market. Technologies and electrical products from UTC Aerospace Systems, which is a subsidiary of United Technologies Corporation, can be found on most aircraft, such as Airbus’ A350-1000 and A330neo, Boeing’s 737 Max, 777X, and 787-10, to name a few. The company completed certain strategic business acquisitions in recent years to diversify its business operations. New product launches along with mergers & acquisitions are a key part of the company’s strategy.  For instance, in July 2016, UTC Aerospace Systems developed a lighter and compact integrated drive generator (IDG) for power jets, such as Embraer’s new E190-E2.

The Thales Group (France) has a strong product portfolio, and focuses on expansions and contracts to increase its product offerings and market shares. The company has enhanced its revenue through 24 contracts worth USD 123 Million that it received in 2015. These include a contract received from Airbus in April 2015, to supply the entire electrical power conversion system for its A350 XWB aircraft. The system will deliver different voltages adapted to the standards of the energy-consuming equipment on the aircraft. The company also has a portfolio of 15,000 patents, of which 400 new applications were filed in 2013. Its strong R&D capabilities have helped the company enhance its market position and expand its portfolio of innovative products and services. All the aforementioned factors are expected to provide the company a competitive edge over other key players in the market.

Related Reports:

Aircraft Electrical Systems Market by Technology (Power Generation, Conversion, Distribution, Energy Storage), Component (IDG, VFG, APU, TRU, GCU, Power Electronics, Power Distribution Systems), Application, Platform, & Region - Global Forecast to 2022

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