The Aircraft Electrical Conversion Systems Market is segmented by Component Type (Transformers, AC-DC Converters, and DC-AC Converters), Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Segment Analysis

Component Type

The market is classified as transformers, AC-DC converters (TRU & ATRU), and DC-AC Converters (inverters). Among these components, the transformer is expected to remain the largest segment of the market and it holds a revenue share of more than 53% during the forecast period.

AC/DC power converters are a type of electrical conversion device that converts the AC to DC. On the other hand, as a result of their usage, AC-DC converters are likely to witness the highest growth in the market during the forecast period.

Aircraft Type

The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Among these aircraft types, commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market and it holds a revenue share of more than 52% during the forecast period.

Commercial aircraft alone generates more than half of the electrical conversion systems used in the aircraft industry. The aircraft type is currently going through one of its hardest times with multiple setbacks. However, the industry stakeholders are accustomed to such breath-taking market conditions and have learned the art to sail through from the crisis.

Regional Analysis

North America is likely to remain the largest market and it holds a revenue share of more than 45% during the forecast period, due to the increasing demand for commercial as well as military aircraft in the region.

The region is the biggest demand generator for general aviation, UAVs, military aircraft, and helicopters and one of the largest generators for commercial aircraft. This makes the region the most preferred manufacturing/assembly destination for aircraft. Asia-Pacific is currently a small market but is likely to exhibit the highest growth in the coming years, driven by China, Japan, and India. 

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