Aircraft Generators Market Size, Share, Growth Analysis, By Current type(AC Generators and DC Generators), By Aircraft type(Fixed wing and Rotary wing), By Region - Industry Forecast 2024-2031

Aircraft Generators Market size was valued at USD 5.20 billion in 2022 and is poised to grow from USD 5.58 billion in 2023 to USD 9.80 billion by 2031, growing at a CAGR of 7.30% in the forecast period (2024-2031).

The global aircraft generators market features a competitive landscape with several key players vying for market share. Prominent companies in the sector offer a diverse range of aircraft generator solutions, catering to various aircraft types and sizes. These market players continuously focus on research and development to introduce technologically advanced and fuel-efficient generator systems. Additionally, they engage in strategic partnerships, acquisitions, and collaborations to expand their product portfolios and global presence. The competitive nature of the market drives innovation and customer-centric approaches, as companies strive to meet the evolving demands of the aviation industry and maintain a strong foothold in the global market. 'Honeywell International Inc. (US)', 'Dayton-Granger, Inc. (US)', 'Chelton Limited (UK)', 'Lockheed Martin Corporation (US)', 'The Boeing Company (US)', 'Haigh-Farr, Inc. (US)', 'L3 Harris Technologies, Inc. (US)', 'HEICO Corporation (US)', 'Cobham Aerospace Communications (UK)', 'R.A. Miller Industries (US)', 'Sensor Systems, Inc. (US)', 'HR Smith Group of Companies (UK)', 'Collins Aerospace Systems (US)', 'Astronics Corporation (US)', 'Diehl Stiftung & Co. KG (Germany)'

The growing demand for air travel and the expansion of commercial and regional airline fleets drive the need for more aircraft, subsequently increasing the demand for aircraft generators.

The aviation industry has been witnessing a trend towards More Electric Aircraft (MEA) technology, which aims to replace traditional pneumatic and hydraulic systems with electric systems. As part of this trend, aircraft manufacturers are increasingly using electrical power to drive various systems, including aircraft generators. MEA technology offers advantages like improved fuel efficiency, reduced maintenance costs, and enhanced reliability. As a result, there is a growing demand for advanced and more powerful aircraft generators capable of meeting the electrical power requirements of modern aircraft.

The global aircraft generators market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” emerged as the leader, holding the largest market share. The region has a strong presence of major aircraft manufacturers, airlines, and defense contractors, driving the demand for aircraft generators. Additionally, North America has a robust aviation sector, with a large fleet of commercial and military aircraft, leading to continuous demand for generator systems to power various onboard systems.