RAIPUR, India, February 16, 2022 /PRNewswire/ — Stratview Research, a Leader market research cabinet launched a report on Aircraft Electrical Solid State Power Controller Market which provides in-depth analysis of market dynamics, current and emerging trends, industry forecasts and competitive landscape.
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How is the report useful?
The report has great utility for key decision makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyzes the possible impact of COVID-19 on the market dynamics, which provides cushion against the uncertain business environment and helps streamline resources and investment decisions fruitfully.
What are the main market drivers?
According to the report, the Aircraft Electrical Solid State Power Controller market is driven by multitude of factors, some of which are given below:
- Faster operation and high life expectancy compared to contactors and circuit breakers.
- Long-term stable demand for commercial aircraft.
The report also includes growth rate estimates based on the intensity of drivers and restraints and provides users with several graphical illustrations of key information.
Aircraft Electrical Solid State Power Controller Market Segmentation:
Stratview Research has segmented the market in the following 4 ways that meet the market data needs of multiple stakeholders across the industry value chain.
- Phase type (Single-phase and Three-phase)
- Aircraft type (Commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft and UAV)
- Type of adjustment (Original Equipment and Aftermarket)
- Region (North America, Europe, Asia Pacificand Rest of the world).
Aircraft Electrical Solid State Power Controller Market Overview
Market trends by Phase type:
On the basis of phase type, the aircraft electrical SSPC market is categorized into single-phase and three-phase systems.
Between the types of system, the three-phase system should remain the dominant segment market during the forecast period as these systems require less assembly time and can transmit more power at lower cost.
Market Trends by AAircraft type:
Likewise, based on aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs.
Of these aircraft types, commercial aircraft is expected to remain the dominant segment as well as the fastest growing market during the forecast period.
Commercial aircraft have come under immense pressure due to several setbacks including the grounding of the B737Max in 2019 followed by the onset of the pandemic
Despite short-term market difficulties, long-term demand is believed to remain sustainable. Boeing, in its 2021-2040 outlook, estimates that 43,610 commercial and regional aircraft should be delivered in the next 20 years, ensuring good demand in the years to come.
General aviation and military aircraft are other market segments likely to generate significant demand for SSPC in the coming years.
Which region offers the best opportunity and growth?
At the regional level, North America should remain the largest market for aircraft electrical SSPCs over the forecast period. This is mainly due to the massive use of aircraft for regional, commercial and military applications in the region. In addition, regional investments in military aircraft (fighter jets and helicopters) are the largest in the world.
In parallel, Asia Pacific is also likely to create significant market opportunities in the coming years, driven by the expected rebound in air passenger traffic coupled with the opening of assembly plants in the region, mainly in China, Japanand India.
Impact of COVID-19 on Aircraft Electrical Solid State Power Controller Market
COVID-19 has brought an instant halt to many industries around the world. Lockdown norms in several countries quickly affected the global economy by affecting supply chain, production and market demand. The direct and indirect impacts of the pandemic have been integrated into this report.
To learn more about the impact of covid-19, get a free sample report here:
Who are the best market players?
After in-depth analysis of the market, the experts have listed down few key players and discussed the company profiles of the players below –
- GE Aviation
- Safran Group
- Collins Aerospace (Raytheon Technologies Corporation)
- TransDigm Group, Inc.
What deliverables will you get in this report?
– In-depth analysis of the Aircraft Electrical Solid State Power Controller market.
– Detailed market segmentation.
– Analysis of the competitive landscape.
– Historical, current and future market size analysis.
– Industry trends, technologies and advancements.
– Growth and operating strategies adopted by key players.
– Potential segments/regions offering promising growth.
– Geographical presence of key players.
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About Us –
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SOURCE Stratview Research