The main source of electrical power on an aircraft is a generator that converts mechanical energy to electrical energy via applications of electromagnetics. The mechanical energy input for a generator comes from the engine in the form of a rotating shaft attached to the generator. The evolution of the aviation industry has also led to technological advancements in various components, such as generators, rectifiers, and actuators. The market for aircraft generators is growing as more aircraft subsystems are being technologically advanced and electrically powered to enhance the overall efficiency and reduce emissions.
The Aircraft Generator Market is projected to grow from USD 5.2 billion in 2022 to USD 7.3 billion by 2027, at a CAGR of 7.1% during the forecast period. The increase in load for electrical power has come about as electrical power sources for various aircraft subsystems, such as pumps, compressors, and flight controls replace mechanical power sources. The main source of electrical power for an aircraft is a generator. Due to the need for high amounts of reliable electrical power among current and future aircraft, there has been an increasing trend of aircraft generators to be designed for reliability, stability, power density, and long-term durability.
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Contracts, agreements, investments, new product launches and acquisitions are among some of the key strategies adopted by the leading market players and various stakeholders to strengthen and sustain their position in the Aircraft Generator Market. For instance, In November 2021, FLYING WHALES, which is developing an ambitious program for an airship with a large cargo capacity, and Safran Electrical & Power, a world leader in aeronautical electrical systems, announced the signature of an agreement to fit the LCA60T airships with electrical generation, distribution and conversion systems.
These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East.
Major players operating in the vessel traffic management market include Honeywell (US), General Electric (US), Collins Aerospace (US), Safran (France), Thales Group (France) among others. These key players offer aircraft generator and services to different key stakeholders. These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East
Honeywell International Inc. (Honeywell) is a technology and manufacturing company that operates through four segments: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Honeywell designs and manufactures its aircraft generators through its Aerospace segment. It is one of the leaders in power generation and conversion technologies in the aerospace industry. Honeywell is the largest producer of gas turbine auxiliary power units and generators.
Safran is a French multinational aircraft engine, rocket engine, aerospace component, defense, and security company, formed by the merger between aircraft & rocket engine and aerospace component manufacturer group SNECMA (Safran Aircraft Engines) and security company SAGEM (Company of General Applications of Electricity and Mechanics). Safran operates through three business segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. Safran Electrical & Power is a subsidiary of Safran that designs and manufactures aircraft generators. It is also key in providing equipment electrification in the electric and hybrid propulsion sector.
Thales Group is a technology company based in France that develops and manufactures electrical equipment for the aerospace, defense, transportation, and security industries, as well as provides services. Thales has four operating segments which are Aerospace, Transport, Defense & Security, and Digital Identity & Security. Thales Group designs and manufactures its Electric Power Generation Systems (EPGS), which include aircraft generators, through its Aerospace segment. These generators are highly suitable for both, line-fit and retrofit of civil and military applications with customization according to specific requirements.
Collins Aerospace, a Raytheon Technologies subsidiary, is a leading global provider of technologically advanced aerospace and defense products & aftermarket services. The company was created in 2018 by the merger of UTC Aerospace Systems and Rockwell Collins. It has a comprehensive portfolio and the expertise to solve customers’ toughest challenges and meet the demands of a rapidly evolving global market.
General Electric Co.(GE) is an industrial company that operates through its industrial and financial service segments. GE provides power generation and aircraft generators through its GE Aviation business. Its power generation systems have proven performance and reliability in the harshest of environments, with more than 10,000 units delivered around the world.
Aircraft Generators Market by Current Type (AC, DC), Type (VSCF, IDG, APU, Starter Generator), Power Rating, Aircraft Technology, Platform (Fixed-wing, Rotary-wing), End Use (OEM, Aftermarket) and Region - Global Forecast to 2027
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