Market Dynamics
Introduction
Circuit breakers are electrical devices that mechanically interrupt and isolate a circuit during the flow of excessive current. It is a switching device that can be operated manually or automatically to control and protect an electrical power system. The modern aircraft electrical power system largely deals with a huge power network and a large number of associated electrical equipment. In the absence of a circuit breaker, an abnormal or excessively high current may flow through the aircraft's electrical equipment and power network during an electrical fault or short circuit, which may damage the aircraft's electrical equipment permanently.
Recent Market JVs and Acquisitions:
An ordinary number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In 2023, Safran Electrical & Power acquired Thales' aeronautical electrical systems business, enhancing its power generation, electric motors, and power conversion capabilities.
- In 2023, Eaton acquired a 50% stake in HuanYu High Tech, a subsidiary of HuanYu Group specializing in low-voltage circuit breakers and contactors across China and the Asia-Pacific region.
- In 2019, TransDigm acquired LEACH Corporation. The latter now operates as the former’s wholly owned subsidiary.
Recent Product Development:
Companies in the market are developing new products with a primary focus on smarter, more efficient solutions like solid-state technology, remote control features, IoT integration, and improved performance for hybrid-electric and all-electric aircraft systems. Some of the notable product innovations in the market include:
- In October 2023, Collins Aerospace, in collaboration with Pratt & Whitney and the RTX Technology Research Center, developed a solid-state circuit breaker for hybrid-electric propulsion systems.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft-Type Analysis
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Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV
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Commercial aircraft is anticipated to remain the biggest demand generator for circuit breakers in the future.
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System-Type Analysis
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AC and DC
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The AC circuit breaker system is expected to remain the largest and fastest-growing category of the market.
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Voltage-Type Analysis
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High Voltage, Medium Voltage, and Low Voltage
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The low-voltage segment is likely to dominate the market and witness the fastest growth during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to lead the market, whereas Asia-Pacific is likely to grow at the fastest pace.
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By Aircraft Type
“Commercial aircraft are expected to maintain dominance and an undeniable lead during the forecast period.”
Based on aircraft type, the aircraft circuit breakers market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. The rapid growth and modernization of global commercial fleets drives the dominance of commercial aircraft. Increasing electrification in advanced aircraft programs like the Airbus A350XWB and Boeing 787 has significantly increased demand for reliable, high-performance circuit breakers. The expected increase in deliveries and production of key models such as the B737 MAX, A320neo, A350, and A220, as well as the launch of new variants like the A321XLR and COMAC C919, are also leading to a rise in demand. As airlines continue to expand and upgrade their fleets, the need for advanced circuit protection systems in commercial aircraft will remain a key market driver over the coming years.
By System Type
“AC circuit breakers are anticipated to continue leading the market and are projected to witness the fastest growth in the coming years.”
The aircraft circuit breakers market is divided into two main types based on system type: AC and DC circuit breakers. The AC breaker system is expected to remain both the largest and the fastest growing, largely because AC is the main source of electrical power in most aircraft. This is essential for high-power applications like environmental control systems, hydraulic pumps, electric motors, and integrated modular avionics (IMA).
As aircraft become more electrically advanced, the demand for robust AC circuit protection continues to rise. The increasing adoption of more electric aircraft (MEA) and the need for efficient power distribution further enhance the growth prospects of the AC circuit breakers segment.
By Voltage Type
“The low-voltage category is expected to maintain its lead in the market and experience the highest growth during the forecast period.”
Based on voltage type, the market is segmented into high voltage, medium voltage, and low voltage. Low-voltage is likely to dominate the market and witness the fastest growth, driven by its widespread use across a variety of aircraft systems. These breakers play a crucial role in essential applications such as cabin systems, navigation, and flight control systems. They're also becoming increasingly important in More Electric Aircraft (MEA), where electrical systems are replacing traditional hydraulic and pneumatic ones.
A variety of low-voltage circuit breakers, from thermal and magnetic to hydraulic and solid-state types, are employed to safeguard these vital systems against overloads and short circuits. Their compact design, reliability, and compatibility with lightweight aircraft make them a top choice, especially as aircraft technology moves towards greater efficiency and electrification.
Regional Analysis
“North America is expected to remain the largest market for aircraft circuit breakers during the forecast period.”
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.
Asia-Pacific is an emerging market with immense growth potential in China, Japan, and India. China has been the 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 tremendous growth potential in the coming years, particularly in the commercial aerospace and military aircraft categories.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The aircraft circuit breakers market is segmented into the following categories.
Aircraft Circuit Breakers Market, by Aircraft Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- UAV (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Circuit Breakers Market by System Type
- AC Circuit Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- DC Circuit Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Circuit Breakers Market, by Voltage Type
- High-Voltage Circuit Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Medium-Voltage Circuit Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Low-Voltage Circuit Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Circuit Breakers Market by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Customization Options
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Company Profiling
- Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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