Global Aircraft Electric Power Systems Market, Forecast to 2023

Global Aircraft Electric Power Systems Market, Forecast to 2023

Conventional Architectures with Limited Electrification to be Part of Future Upgrades for Commercial Aircraft Platforms

RELEASE DATE
21-Jun-2019
REGION
Global
Research Code: ME03-01-00-00-00
SKU: AE01346-EU-MR_23180

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Description

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. The market was worth $2.47 billion in 2018, and revenue is 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, power conversion, power 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.


Research Highlights

  • 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, power conversion, power distribution, motorisation, 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 Safran, Thales, Honeywell, TransDigm, Astronics, Amtek, GE Aviation, Meggitt, Crane Aerospace, and UTC Aerospace Systems

The base year of the study is 2018, with forecasts running up to 2023. The research service 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 have also been included. The market is analysed from various perspectives by segments, by customer, by aircraft platforms, and by revenue streams.

Key Issues Addressed

  • How will modern EPS systems/innovations shape future aircraft?
  • Which trends are important to track in the EPS space?
  • What are the strategies of incumbents and aircraft integrators in the market?
  • How will the structure of the EPS market change over the next 5 years?
  • How will the structure of the EPS market change over the next 5 years?

Key Conclusion

Readers who will benefit from the content found in this research include electric power system suppliers; component suppliers; systems integrators; aircraft OEMs; airline companies; researchers; educational institutions; government agencies; and anyone looking to venture into the aircraft electric power system market.

Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Definition

Electrical Power Systems—Scope and Segmentation

Electrical Power Systems—Market Segmentation

Aircraft Platforms Considered for the Study

Key Questions this Study will Answer

Market Overview

Electrification Road Map

Current State of Electrification

Production Forecast 2018–2023

New Aircraft Platforms, 2018–2023

In Service Aircraft and On Order

New Aircraft Platforms—Discussion

Market Drivers

Drivers Explained

Market Restraints

Restraints Explained

EPS Market Trends

Market Challenges

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Stream

Revenue Forecast by Segment

Revenue Forecast by Customer (for Line-fit Only)

Competitive Analysis

Market Share Analysis

Competitive Environment

Safran Electrical & Power

Thales Avionics Electrical Systems

UTC Aerospace Systems

Honeywell Aerospace

GE Aviation

Meggitt S.A.

Crane Aerospace

Ametek PDS

Astronics Advanced Electronic Systems (AES)

TransDigm Group

Urban Air Mobility Disruption

Urban Air Mobility Competitors

Urban Air Mobility Market Opportunity

Urban Air Mobility Market Challenges

Growth Opportunity—Electric Storage

Strategic Imperatives for Success and Growth

Power Generation Segment—Key Findings

Power Generation Segment—Market Engineering Measurements

Power Generation Segment—Revenue Forecast

Power Generation Segment—Revenue Forecast by Aircraft Platform Type (Line-fit Only)

Power Generation Segment—Revenue Forecast by Stream

Power Conversion Segment—Key Findings

Power Conversion Segment—Market Engineering Measurements

Power Conversion Segment—Revenue Forecast

Power Conversion Segment—Revenue Forecast by Aircraft Platform Type (Line-fit Only)

Power Conversion Segment—Revenue Forecast by Stream

Power Distribution Segment—Key Findings

Power Distribution Segment—Market Engineering Measurements

Power Distribution Segment—Revenue Forecast

Power Distribution Segment—Revenue Forecast by Aircraft Platform Type (Line-fit Only)

Power Distribution Segment—Revenue Forecast by Stream

Electric Storage Segment—Key Findings

Electric Storage Segment—Market Engineering Measurements

Electric Storage Segment—Revenue Forecast

Electric Storage Segment—Revenue Forecast by Aircraft Platform Type (Line-fit Only)

Electric Storage Segment—Revenue Forecast by Stream

Motorisation Segment—Key Findings

Motorisation Segment—Market Engineering Measurements

Motorisation Segment—Revenue Forecast

Motorisation Segment—Revenue Forecast by Aircraft Platform Type (Line-fit Only)

Motorisation Segment—Revenue Forecast by Stream

The Last Word—The 3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on the Global EPS Market

Global EPS Contracts 2015–2019

Global EPS Contracts 2015–2018

Global EPS Contracts 2015–2018 (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
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. The market was worth $2.47 billion in 2018, and revenue is 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.--BEGIN PROMO--

Research Scope

The research focuses on the commercial aircraft electrical power systems (EPS) market for power generation, power conversion, power 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.

Research Highlights

  • 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, power conversion, power distribution, motorisation, 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 Safran, Thales, Honeywell, TransDigm, Astronics, Amtek, GE Aviation, Meggitt, Crane Aerospace, and UTC Aerospace Systems

The base year of the study is 2018, with forecasts running up to 2023. The research service 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 have also been included. The market is analysed from various perspectives by segments, by customer, by aircraft platforms, and by revenue streams.

Key Issues Addressed

  • How will modern EPS systems/innovations shape future aircraft?
  • Which trends are important to track in the EPS space?
  • What are the strategies of incumbents and aircraft integrators in the market?
  • How will the structure of the EPS market change over the next 5 years?
  • How will the structure of the EPS market change over the next 5 years?

Key Conclusion

Readers who will benefit from the content found in this research include electric power system suppliers; component suppliers; systems integrators; aircraft OEMs; airline companies; researchers; educational institutions; government agencies; and anyone looking to venture into the aircraft electric power system market.

More Information
No Index No
Podcast No
Author Priyanka Chimakurthi
Industries Aerospace, Defence and Security
WIP Number ME03-01-00-00-00
Is Prebook No
GPS Codes 9000-A1