Stratview Research has published a new report titled “Aircraft Circuit Breakers Market” which 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).
As per the study, Presently, the aerospace industry has been battling with several unforeseen challenges. The grounding of the B737 max first paused the industry growth trajectory, affected the entire value chain for a short period of time. The industry stakeholders were hammering hard to realign the industry wheels on the track but the onset of the pandemic derailed the industry to almost a decade back. Other noticeable setbacks are the temporary halt in the production of B787 and delays in the market entries of B777x, C919, and MC21 that subdued the recovery trajectory. The impact of these challenges has been recorded in an entire aerospace ecosystem including the circuit breaker, a small but extremely useful electrical device. The market for circuit breakers in the aerospace industry recorded a massive decline of over 20% in the year 2020.
However, 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.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the 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 dominant as well as the fastest-growing segment of the market during the forecast period. An expected increase in production rates of key aircraft programs, such as A320 family and A220; re-entry of B737Max; and introduction of variants of existing and upcoming aircraft programs, such as A321XLR, Irkut MC-21, and COMAC C919, are likely to create a strong demand for circuit breakers in the commercial aircraft segment over the next five years. Furthermore, both, Boeing and Airbus, are optimistic about the market recovery and have been projecting over 40,000 commercial and regional aircraft deliveries over the next twenty years, assuring a healthy demand for circuit breakers in the long run.
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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Aircraft Circuit Breakers Market:
· Safran Group
· Collins Aerospace (Raytheon Technologies Corporation)
· Eaton Aerospace
· Sensata Technologies, Inc.
· Astronics Corporation
Key questions answered by the report
- What is the projected CAGR for revenue from the Aircraft Circuit Breakers Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Aircraft Circuit Breakers Market?
- Which are the major market players?
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Jul 1, 2022
Aircraft Circuit Breakers Market: Revenue and growth prediction till 2026 with covid-19 impact analysis
Stratview Research has published a new report titled “Aircraft Circuit Breakers Market” which is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by System Type (AC and DC),...
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