Market Insights
“The aircraft generators market was valued at US$5.85 billion in 2024 and is expected to grow at a CAGR of 7.43% in the long run to reach US$10.50 billion by 2032.”
Market Dynamics
Introduction
Aircraft generators play a decisive role in supplying stable electrical energy to aircraft systems. They transform mechanical energy into electricity to operate avionics, lighting, climate control, and other systems that are critical to safely and efficiently perform operations. They play a direct role in maintaining airworthiness and operational reliability of an aircraft as manufacturers and maintenance facilities strive to maximize the efficiency of aircraft designs, advance their designs and systems, and maintain compliance with the high standards imposed on the aviation industry, the inspection focus will continue to evolve in response to changes in the operation of aircraft designs and the implementation of the more electric and hybrid aircraft concept design.
Market Drivers
The aircraft generators industry is being influenced by a global push towards More Electric Aircraft (MEA) architecture, growing defense and tightening emission regulations, as well as fuel efficiency standards. Airlines and original equipment manufacturers (OEMs) are seeking lightweight, power-dense, and reliable generator systems to meet the demands of the new era of avionics, electronics, and electrical and hybrid propulsion architectures. Technological advancements, especially, development of brushless generators, integrated starter-generators, and smart power management systems, are also contributing to market growth as operators upgrade and retrofit older fleets to support operational and sustainability requirements. Other factors boosting the demand for next-generation aircraft generators worldwide include environmental programs, modernisation of regional fleets, and growing investments in electrification efforts in aerospace.
Market Challenges
Despite increasingly robust growth opportunities, the aircraft generators market faces considerable headwinds. Next-generation generators that satisfy strict aviation regulatory requirements related to safety and reliability, along with efficiency and environmental considerations, require costly and complex development. Aircraft today increasingly require greater power density and efficiency, which creates a respective engineering challenge of managing heat and integrating systems. Additionally, retrofitting older aircraft with new generator systems is often costly and technically demanding, which slows down the pace of upgrades. Volatile raw material prices, particularly rare earth elements, add supply chain risk and margin pressure as well. An extended review of regulations and certification timelines slows down new technology and prevents all manufacturers from becoming competitive.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In September 2025, GE Aerospace and BETA Technologies formed a partnership to create hybrid-electric turbogenerators for next-generation aircraft and eVTOL fleets, with GE investing $300 million and obtaining board representation at BETA, thereby positioning itself in advanced electric aircraft generator solutions.
- In mid-2024, Rolls-Royce partnered with Luxaviation to co-develop electric and hybrid aircraft generator technologies for private jet and commuter aircraft segments, looking to fast-track the commercial rollout of next-gen generator systems.
In June 2025, PBS Group expanded its strategic partnership with HES Aero to better explore joint R&D and deployment of advanced aircraft starter generators and hybrid-electric generation systems. PBS approached the partnership intending to create a seamless integration of the next generation of generator technologies.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Current-Type Analysis
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AC (Alternating Current), DC (Direct Current)
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AC generators continue to be the largest and fastest growing, with their efficiency, ability to produce high voltage, and compatibility with the More Electric Aircraft systems of modern aircraft. DC generators grow at a slower pace in certain niche applications within the UAV and hybrid applications segment.
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Power Rating-Type Analysis
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Less than 100 kW, 100-500 kW, and More than 500 kW
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100 - 500 kW has the dominant share along with the most significant growth potential in military and commercial aviation, while the >500 kW range is increasing through hybrid-electric propulsion, particularly with widebody programs. The <100 kW is experiencing gradual development in UAV and light aircraft applications.
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Generator -Type Analysis
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VSCF, IGD, APU Generator, Starter Generator, Alternator
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The VSCF segment is expected to have the highest growth due to its feature of constant frequency output during engine speed changes, and the ability to develop an efficient and flexible electrical system. IDG and APUs are anticipated for slower growth due to their design limitations; however, starter generators and alternators are estimated for moderate use and demand.
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Platform-Type Analysis
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Fixed-wing, Rotary wing
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Fixed-wing segment is expected to grow steadily, driven by factors like electrification, longer flight, and increasing power demands., The rotary-wing has modest growth due to specialised applications and a smaller fleet.
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Aircraft Technology-Type Analysis
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Conventional Aircraft, Hybrid Aircraft
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The hybrid aircraft is expected to grow rapidly, due to factors like rising demand for fuel-efficient, eco-friendly aviation and advances in hybrid propulsion technologies. Conventional aircraft will continue to grow steadily at a slower pace.
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End-Use -Type Analysis
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OEM, Aftermarket
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The OEM segment will continue its lead in growth, as demand for new aircraft, driven by increases in air traffic and the development of fleets around the world, will continue to drive orders for new aircraft for OEM generators and, accordingly, generators for OEMs.
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Region Analysis
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The USA, Canada, and Mexico, or North America, Europe, Asia-Pacific, and The Rest of the World
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The American region is expected to dominate the market throughout the forecast period. The region is home to prominent aircraft generator manufacturers, namely Honeywell, GE, and Collins Aerospace, all located in the US. Being capable of designing and manufacturing various aircraft platforms, North America will continue to be the main growth driver for the market.
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By Current Type
“AC generators are expected to remain dominant and fastest growing, while DC generators will see slower growth in niche applications during the forecast period.”
The aircraft generators market is divided into two segments: AC and DC. AC generators are expected to dominate and fastest growing, driven by their higher efficiency, ability to produce high voltage, and compatibility with more electric aircraft systems used in modern fleets. DC generators, on the other hand, will grow at a steadier pace, limited to specialised uses in UAVs and hybrid applications where lower power requirements and specific design needs persist.
By Power Rating Type
“100-500 kW generators are expected to remain the dominant and fastest growing, while >500 kW units will experience an increase in demand and <100 kW systems will grow gradually during the forecast period.”
The aircraft generators market is segmented into less than 100 kW, 100-500 kW, and more than 500 kW. The 100-500 kW range is expected to be dominant and show the highest growth, supported by heavy use in military and commercial aviation programs. Generators above 500 kW will expand steadily with the adoption of hybrid-electric propulsion, particularly in widebody aircraft.
By Generator Type
“VSCF generators are expected to grow the fastest, while IDGs and APUs face modest growth, and starter generators and alternators see moderate demand during the forecast period.”
The market is segmented into VSCF, IDG, APU generator, starter generator, and alternator. VSCF generators will post the highest growth, benefiting from constant frequency output, desired engine speed changes, and their ability to support efficient, flexible electrical systems. IDGs and APUs will grow at a modest pace due to design constraints, while starter generators and alternators will maintain a moderate pace in supporting roles.
By Platform Type
“Fixed-wing aircraft are expected to remain dominant, while rotary-wing aircraft will expand at a more modest pace during the forecast period.”
The market is segmented into fixed-wing and rotary-wing platforms. Fixed-wing aircraft will grow steadily, supported by longer flight durations, rising electrification, and increasing power requirements from advanced onboard systems. Rotary-wing aircraft will post modest growth due to their specialised applications and smaller global fleet size.
By Aircraft Technology Type
“Hybrid aircraft are expected to grow rapidly, while conventional aircraft will continue to expand at a slower, steady pace during the forecast period.”
The market is segmented into conventional and hybrid aircraft. Hybrid aircraft will witness rapid growth due to factors like rising demand for fuel-efficient, eco-friendly aviation and advancements in hybrid propulsion technologies. Conventional aircraft will maintain steady but slower growth, supported by their established global fleet.
By End Use Type
“OEM is expected to remain the leading and fastest-growing segment, while aftermarket will grow steadily during the forecast period.”
The market is segmented into OEM and aftermarket. OEM demand will stay ahead, driven by the increasing air traffic, fleet expansions, and strong order backlog for new aircraft requiring factory-installed generators. The aftermarket will grow steadily as the global aircraft fleet ages and requires maintenance and replacement parts.
By Region Type
“North America is expected to remain dominant, while other regions expand steadily during the forecast period.”
The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America will continue to dominate, supported by major generator manufacturers such a Honeywell, General Electric, and Collins Aerospace, all headquartered in the United States. The region’s ability to design and produce a wide range of aircraft platforms reinforces its leadership in generator demand.
Key players
The market is moderately fragmented, with over 50+ players. Most of the major players compete in some of the governing factors, including price, service offerings, and regional presence etc. The following are the key players in the aircraft generators market:
Here is the list of the Top Players (Based on Dominance)
- Safran
- Honeywell International Inc.
- The Boeing Company
- Collins Aerospace
- General Electric Company (GE)
- Thales Group
- AMETEK Aerospace & Defense
- Rolls-Royce Holdings Plc
- Meggitt Plc
- Denis Ferranti
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]
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 generators market is segmented into the following categories.
Aircraft Generators Market, by Current Type
- Alternating Current (AC) (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Direct Current (DC) (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Generators Market, by Power Rating Type
- Less than 100 kW (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- 100-500 kW (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- More than 500 kW (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Generators Market, by Generator Type
- VSCF (Variable Speed Constant Frequency) (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- IGD (Integrated Drive Generator) (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- APU Generator (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Starter Generator (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Alternator (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Generators Market, by Platform Type: Fixed-wing
- Fixed-wing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Rotary-wing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Generators Market, by Technology Type
- Hybrid Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Conventional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Generators Market, by End Use Type
- OEMs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aerospace MRO 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 the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft generators market realities and future market possibilities for the forecast period
- The report segments and analyzes the market in themost detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
