Market Share of Aircraft Electrical Systems Industry
The aircraft electrical systems market is fragmented, and it is witnessing the emergence of several regional Tier 1 and Tier 2 market players that provide full lifecycle support, ranging from conceptual design and testing to regulatory compliance certification. Hence, leading market players, such as General Electric Company, THALES, Honeywell International Inc., RTX Corporation, and Amphenol Corporation, combine value engineering techniques and design automation expertise to design cost-effective next-generation aircraft electrical systems.
Since the design of each commercial aircraft family is moderately different from the other, an integrated electric system should be modular to allow for provisions for altering the connection layout to ensure compatibility. For instance, in June 2021, Rolls-Royce plc initiated ground testing of a hybrid-electric power and propulsion system designed for use in regional aircraft. The company initiated testing of the AE2100 engine element, specialist controls, and thermal management system, supported by a system integration generator at Testbed 108 in Bristol, UK, as part of its 2.5 MW Power Generation System 1 (PGS1) demonstrator program.
Also, in military aviation, the electrical architecture of an aircraft may be totally different from another, and it is highly dependent on the mission profile. For instance, an ISR aircraft would include provisions for integrating additional equipment, while a fighter aircraft would focus on integrating more weapon systems. It presents a design challenge for electrical system manufacturers and may expose the market players to financial risks owing to the high R&D expenditure divested toward designing advanced electrical systems.
For instance, in August 2023, Bell awarded a contract to Astronics Corporation for the system integration services, power system design and development, and preliminary flight hardware deliveries for Bell's V-280 Valor aircraft for the US Future Long Range Assault Aircraft (FLRAA) program. Astronics Corporation's Astronics CorePower® solution supports the US Army Modular Open Systems Architecture (MOSA) initiatives. It delivers clean, intelligent, and efficient power that improves aircraft performance and reduces overall system weight.
Aircraft Electrical Systems Market Leaders
General Electric Company
Honeywell International Inc.
RTX Corporation
Amphenol Corporation
THALES
*Disclaimer: Major Players sorted in no particular order
