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 is a critical sector in the aviation industry responsible for providing electrical power to various aircraft systems. Aircraft generators are vital components that convert mechanical energy from the engine into electrical power, ensuring the smooth operation of avionics, lighting, communication systems, and other onboard equipment. The market's growth is influenced by several factors. The increasing demand for new commercial and military aircraft, driven by rising air passenger traffic and defense modernization initiatives, is a significant driver. Additionally, advancements in generator technologies, such as brushless generators and integrated starter-generators, offer higher efficiency and reliability, further bolstering market growth. Furthermore, the aviation industry's growing focus on reducing fuel consumption and carbon emissions has led to the adoption of more fuel-efficient generators, contributing to market expansion. Moreover, the rising trend of electric and hybrid-electric aircraft is expected to create new opportunities for aircraft generator manufacturers.

US Aircraft Generators Market is poised to grow at a sustainable CAGR for the next forecast year.