The market research report, entitled Aircraft Circuit Breakers Market shows good possibilities in the Aircraft Circuit Breakers Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global Aircraft Circuit Breakers Market Forecast:
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.
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.
- Astronics Corporation
Aircraft Circuit Breakers Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Aircraft Circuit Breakers Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
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.
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