Stratview Research delivers key insights on the global Aircraft Circuit Breakers Market. According to Stratview Research, the market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by System Type (AC and DC), by Voltage Type (High Voltage, Medium Voltage, and Low Voltage), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
The industry stakeholders are still optimistic about the quick recovery, close to the year 2024 or 2025. Narrow-body aircraft may record the prompt recovery supported by the increase in the production rate of A320 and A220 paired with the resumption in B737Max deliveries. Furthermore, entries of C919 and MC-21 assist the market to log the faster recovery. On the other hand, wide-body aircraft, the fatty aircraft category, may undergo a couple of more challenging years in the wake of B787 challenges paired with delays in B777x entry. Overall, the aircraft circuit breakers market is likely to grow at a significant CAGR of 7% in the long run to reach a value of US$ 135.1 million in 2026.
Market Segments' Analysis
Based on the system type, the aircraft circuit breakers market is classified as AC and DC circuit breakers. The AC circuit breakers segment is expected to remain the larger and the faster growth in the market during the forecast period, owing to the reason that they are the primary source of electrical power in an aircraft.
In terms of regions, North America is expected to remain the largest market for aircraft circuit breakers during the forecast period. The region is home to a large number of aircraft manufacturers, driven by a strong supply chain network and extraordinary technological capabilities. The USA is the growth engine of the region's market. Canada, a relatively small market, is also likely to contribute to the region’s market growth, mainly propelled by the A220 assembly base in the country.
Asia-Pacific is an emerging market with immense growth potential in China, Japan, and India. China has been an apple of the eye of the entire industry stakeholders, mainly because of growing air passenger traffic paired with flourishing indigenous aircraft infrastructure. All the major companies are establishing assembly plants in the country to tap the growth potential. India, a minuscule market, is likely to exhibit huge growth potential in the coming years, particularly in the commercial aerospace and military aircraft categories. Furthermore, the governments are taking several initiatives to build a strong industry infrastructure within India to grow the Indian aerospace industry.
Key Players
The following are some of the key players in the Aircraft Circuit Breakers Market:
· Safran Group
· Collins Aerospace (Raytheon Technologies Corporation)
· Eaton Aerospace
· Sensata Technologies, Inc.
· AMETEK.Inc.
· Crouzet
· Astronics Corporation
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Aircraft Circuit Breakers Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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