The Aircraft Electrical Systems Market is a rapidly growing sector that is gaining importance as the aviation industry continues to expand. The use of electrical systems in aircraft has increased dramatically over the past few years, with more advanced and sophisticated technologies being developed to improve efficiency, safety, and reliability.

The key driving factors for this growth include the increasing demand for fuel-efficient and lightweight aircraft, advancements in electrical technologies, and the rising trend of aircraft electrification. The use of electrical systems in aircraft not only reduces fuel consumption but also improves performance, reliability, and safety.

COVID-19 Impact

The grounding of the B737Max ended the 16-year growth cycle of the commercial aerospace industry. The industry was on the verge of recovery from the grounding of B737Max, the sudden burst of the pandemic exacerbated the industry challenges and sent to the decade back. As a result of that, the aircraft electrical systems market witnessed a colossal decline of over 20%+ in 2020, quite aligned with the decline in other crucial systems used in an aircraft. The market has already started showing some signs of recovery from 2021 onwards with the recovery, particularly in the narrow-body aircraft segment.

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