Our report analyses the nearly $4bn aircraft Electrical Power Systems market, a sector which is exhibiting above-trend growth as the market moves towards the more electric aircraft
We have segmented the Electrical Power Systems (EPS) market into three categories, given that airframe OEMs specify and procure largely along these lines;
- Generation
- Conversion
- Distribution
We have created a new integrated market model that assesses 15 Power Systems componentfunctions across the three categories in Aerospace & Defence markets to produce;
- Estimated market size, split by aircraft type, and OE, spares and repairs
- Market growth projections and segmentation over a 10-year period
- Supplier market shares across the whole market and the three main categories
- We include a matrix showing a comprehensive list of power system components and suppliers in the three categories above
- EPS architecture descriptions showing how technology has evolved over time
We describe the Electrical Power Systems market structure and supply chain e.g.
- Some parts of the market are now very concentrated e.g. there are two main sources of electrical main frame power generation for commercial aircraft: Collins Aerospace and Safran.
- In contrast, the market for conversion and distribution products is quite fragmented
We look at key trends in the market including
- Above-trend growth due to the steady migration of older mature technologies such as pneumatic, hydraulic and mechanical powered systems to electrically powered and controlled systems.
- The increasing penetration of Solid-State Power Controls (SSPC), replacing traditional electromechanical devices
- Consolidation in the supply chain, which has been happening for a long time
We include profiles of 25 key suppliers in this report. Our profiles cover;
- Origins and ownership
- Estimate of electrical power systems sales & financials
- Operations and technologies
- Customers and contracts
- Strategy
- Recent developments
- Our comments on its overall market position
In summary, we see the Electrical Power Systems sector as attractive, based upon both above trend growth potential (more electric aircraft) and the potential quality of earnings (engineered products, aftermarket). We see little threat of obsolescence (other than the older designs of electro-mechanical devices) and the barriers to entry for new entrants are very high within EPS.