Aircraft manufactures are continuously focusing on manufacturing light weight aircrafts to improve operational efficiency along with complying to the stringent regulatory norms. Moreover, the proliferation of lower weight wiring along with rising preference for high density batteries are positively influencing the aircraft electrical systems market share. Additionally, increasing electrical components in aircrafts along with increasing adoption of more electric aircrafts are felicitating the requirement for suitable power management systems, thereby expanding the industry size.

Aircraft electrical systems market players are continuously investing in R&D for developing advanced aircraft electrical systems for improving efficiency and reduce loads in the batteries. Manufacturers are continuously developing the Transformer Rectifier Unit (TRU) technology, that enables for multiple voltage systems using a combination of DC & AC buses, thereby supporting in overall electrical systems efficiency.

Based on components, the aircraft electrical systems market is classified into generators and auxiliary power unit. Advanced turbo generators combine simple-cycle magnetic bearing cooling turbine technology and electrical power generation. The system can provide liquid cooling and electrical power to implement advanced radar systems in military aircrafts, thereby positively influencing the industry.

The aircraft electrical systems market based on aircraft can be classified into commercial aircraft, military, regional jets, and helicopters. The growth in the helicopters can be credited to the capability of performing diversified range of operations including vertical take-off & landing, along with the ability to hover over smaller areas. Moreover, the increasing usage of these aircrafts for tourism, emergency and rescue missions further accelerates the segment share over the study timeframe.

The aircraft electrical systems market based on distribution channel can be classified as line fit and retrofit. The growth in the retrofit segment can be credited to the stringent regulations and policies mandating the replacement and maintenance of aircraft components after a certain flight cycle to maintain airworthiness. Moreover, the replacements required in cases on wear and tear owing to continuous operations further expands the segment size.