Aircraft Generators Market
The market for Aircraft Generators was estimated at $6.2 billion in 2024; it is anticipated to increase to $8.9 billion by 2030, with projections indicating growth to around $12.0 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Aircraft Generators Market Outlook
Revenue, 2024
$6.2B
Forecast, 2034
$11.3B
CAGR, 2025 - 2034
6.2%
The Aircraft Generators industry revenue is expected to be around $6.6 billion in 2025 and expected to showcase growth with 6.2% CAGR between 2025 and 2034. Influencing the landscape of contemporary transportation methods significantly.
Aircraft generators play a role in supporting the electrical systems on board aircraft and ensuring the smooth operation of aviation activities. They are known for their durability and dependability, with maintenance requirements to meet the high standards of the aviation industry.
Market Key Insights
- The Aircraft Generators market is projected to grow from $6.2 billion in 2024 to $11.3 billion in 2034. This represents a CAGR of 6.2%, reflecting rising demand across Main Power Source, Ground Power Units (GPU) and Auxilliary Power Units (APU).
- Honeywell International Inc, Safran SA, MarathonNorco Aerospace Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Aircraft Generators market and are expected to observe the growth CAGR of 4.0% to 6.0% between 2024 and 2030.
- Emerging markets including India, Brazil and Indonesia are expected to observe highest growth with CAGR ranging between 7.1% to 8.6%.
- Transition like Shift Towards More Electric Aircraft has greater influence in United States and Germany market's value chain; and is expected to add $232 million of additional value to Aircraft Generators industry revenue by 2030.
- The Aircraft Generators market is set to add $5.1 billion between 2024 and 2034, with manufacturer targeting Military Aircraft & Cargo Aircrafts Aircraft Type projected to gain a larger market share.
- With Rising aircraft fleet expansion, and Technological advancements in electric systems, Aircraft Generators market to expand 82% between 2024 and 2034.
Opportunities in the Aircraft Generators
The aviation industry can also experience expansion opportunities in developing regions like Southeast Asia and Latin America due to their impressive economic progress and the resulting surge, in commercial air travel demands and need for additional aircrafts and their parts .
Growth Opportunities in North America and Europe
North America plays a role in the Aircraft Generators Market as it is home to major aviation leaders like Boeing and Lockheed Martin. With investments in defense and commercial airlines driving growth. The market dynamics are influenced by progress in aircraft generators and ongoing changes in the aviation sector. Yet it faces competition from developing countries, with lower manufacturing expenses.
In Europe's aerospace and defense sector that closely mirrors North America's focus on the industry giants like Airbus and Rolls Royce lay a strong foundation for the regions market growth and innovation drive supported by favorable regulations and substantial investments in green technology initiatives while also creating opportunities for smaller players, with unique and budget friendly solutions to thrive in the expanding market landscape.
Market Dynamics and Supply Chain
01
Driver: Rising Aircraft Fleet Expansion, and Increase in Demand for More Fuel-Efficient Aircraft
The aviation sector is also rapidly expanding as airlines continue to grow their fleets which boosts the need, for aircraft generators to power onboard systems and also drives the market for aircraft generators up. There is also an increasing focus on improving fuel efficiency and decreasing carbon emissions in the aviation industry as of late. Given the role that aircraft generators play in energy conservation their popularity is also, on the rise resulting in significant market expansion.
The demand for efficient and dependable generators in aircraft has also grown alongside the increasing use of sophisticated electronic systems for navigation and control purposes, in the aviation industry.
02
Restraint: High Manufacturing and Maintenance Costs
One significant challenge that could slow down the expansion of the Aircraft Generators industry is the manufacturing and upkeep costs linked to these devices. To ensure durability during flight conditions harshness high quality materials are essential for constructing these generators. Its important to mention that keeping these generators operating effectively requires detailed maintenance checks. Meeting all these criteria involves financial investments that may not be feasible for every airline or aircraft operator. This situation could restrict the adoption of generators, in the market and ultimately impede market growth.
03
Opportunity: Expansion in Electric Aircraft Market and Untapped Military Applications
The rising concerns about sustainability are leading to a significant growth, in the electric aircraft industry as it expands rapidly. Generator manufacturers have an opportunity to innovate and cater to the increasing electrical demands of this market segment. By offering dependable and eco friendly generator solutions that are also efficient they could potentially transform the market landscape and drive business growth.
Military planes require performing generator systems that are durable and flexible to function smoothly in tough situations. The integration of cutting edge technologies like intelligence and predictive maintenance into generator development might open up fresh opportunities for military usage. These efforts could potentially enhance the quality of power solutions, in the industry and promote market expansion.
04
Challenge: Strict Regulatory Environment
One major challenge hindering the expansion of the Aircraft Generators industry is the regulations governing aviation equipment.
Supply Chain Landscape
1
Raw Material Providers
Alcoa CorporationCarpenter Technology Corporation
2
Component Manufacturers
SafranHoneywell Aerospace
3
Assembly & Integration
Hamilton SundstrandThales SA
4
End User Industries
Civil AviationMilitary Aviation
1
Raw Material Providers
Alcoa CorporationCarpenter Technology Corporation
2
Component Manufacturers
SafranHoneywell Aerospace
3
Assembly & Integration
Hamilton SundstrandThales SA
4
End User Industries
Civil AviationMilitary Aviation
Use Cases of Aircraft Generators in Main Power Source & Ground Power Units (GPU)
Main Power Source : Airplane generators are commonly used as the power sources aboard planes. They transform energy into electrical power to support various electrical systems necessary for flight activities and onboard services as well as managing avionics systems. One key benefit is their dependability since many aircraft are equipped with generators to guarantee an uninterrupted power supply in case of a malfunction. Safran is a player, in this industry.
Auxilliary Power Units (APU) : An important but lesser known use of aircraft generators is in Auxiliary Power Units . These units are usually situated at the back of an aircraft. Are powered by a generator to supply electricity when the main engines are shut down during key moments, like take off or landing. This helps conserve fuel and lessen noise and emissions which in turn supports effective and environmentally friendly operations. Honeywell International Inc plays a role in this sector.
Ground Power Units (GPU) : Airplane generators are used as Ground Power Units providing power to aircraft while they are parked at the airport for inspections and upkeep tasks instead of using onboard APUs to save fuel costs and lower carbon emissions; Hobart Ground Power stands out as a prominent player, in this sector.
Recent Developments
Advancements in the Aircraft Generators market in years have largely been fueled by the rising need for fuel efficient aircraft and compliance with greenhouse gas emission regulations. A notable trend is the incorporation of an electric architecture, in upcoming generations of aircraft.
December 2024 : Electrical Aerospace Applications introduced its compact and highly efficient aircraft power generators that are changing the landscape of aviation power supply.
October 2024 : GE Aviation Systems secured a contract worth billions to supply advanced electrical generators for commercial airplanes. This achievement further solidifies their standing in the market.
July 2024 : Honeywell Aerospace unveiled their state of the art lightweight aircraft generators with the goal of cutting down on aircraft weight and enhancing fuel efficiency.
Impact of Industry Transitions on the Aircraft Generators Market
As a core segment of the Aviation & Aerospace industry,
the Aircraft Generators market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards More Electric Aircraft and Increase in Demand for Hybrid-Electric Propulsion Systems have redefined priorities
across the Aviation & Aerospace sector,
influencing how the Aircraft Generators market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards More Electric Aircraft
The market for aircraft generators is undergoing a shift towards More Electric Aircraft . MEAs are replacing pneumatics and hydraulics systems with electrically powered parts to meet the growing need, for more efficient aircraft generators. This change is driven by the goal of enhancing fuel efficiency and reducing emissions while also improving the reliability and lifespan of aircraft.
02
Increase in Demand for Hybrid-Electric Propulsion Systems
A significant shift that stands out is the increasing favor towards electric propulsion systems in airplanes driven by the aim for enhanced energy efficiency and quieter operations while focusing on decarbonization goals. These hybrid setups necessitate generators to meet their electrical demands leading to the advancement and broadening of the market, for aircraft generators.