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Conventional architectures with limited electrification in future upgrades of commercial aircraft platforms
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The Commercial Aircraft Electric Power Systems (EPS) market will witness growth due to increasing adoption of electrical systems over pneumatic and hydraulic systems. Electrification is a major trend and the number of companies investing is growing. The competitive landscape is expected to change significantly in the next few years and market consolidation is expected to intensify. Worth $2.47 billion market in 2018, revenues are expected to reach $2.93 billion by 2023, at a compound annual growth rate (CAGR) of 3.5%, although the revenue trajectory varies by every product segment. Research scope The research focuses on the Commercial Aircraft Electrical Power Systems (EPS) market for Power Generation, Conversion, Distribution, Motorisation and Electric Storage systems. The research covers the global market and provides a 5 year forecast on where the industry is headed between the timeline 2018–2023. The EPS forecast is based on the aircraft production forecast for narrow-body, wide-body, regional jet, regional turbo prop, and business jet platforms. The research service covers the following: • Detailed global market trend analysis—including market drivers, market restraints, technology trends, and competitive analysis • Detailed revenue forecasts for the total EPS market including the Power Generation, Conversion, Distribution, Motorization and Electric Storage segments • A competitive landscape, in terms of major participants and market share analysis • Company profiles of major participants and market share analysis for Collins Aerospace, Safran, Thales, Honeywell, Transdigm, Astronics, Amtek, GE Aviation, Meggitt and Crane Aerospace. The base year of the study is 2018, with forecasts running up to 2023. The research highlights key trends impacting the global EPS market and outlines future implications. Strategies of incumbents, industry challenges, analysis on adjacent segments such as eVTOL, growth opportunities, and supply chain trends is included. And the mar
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