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Electric power systems providers are part of a broader ecosystem within the aerospace industry supply chain, where hundreds of companies co-exist with varying levels of complementarity and dependency.
Commercial aviation has been seeing the highest levels of growth in recent years. Orders for new aircraft peaked in 2018, pushing the supply chain to capacity limits, which resulted in significant delays in deliveries and economic losses for OEMs and system integrators.
A series of transformations in the supply chain included several deals that led to a strong market concentration in the hands of large participants - now vertically integrated to improve efficiency, increase productivity, and remain competitive.
Newswire & Press Release / Electrification to Spark Growth of Global Aircraft Electric Power Systems Market Finds Frost & Sullivan - Aviation / Aerospace - Frost & Sullivan newswiretoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswiretoday.com Daily Mail and Mail on Sunday newspapers.
Electrification to Spark Growth of Global Aircraft Electric Power Systems Market
SANTA CLARA, Calif., Dec. 17, 2020 /PRNewswire/ Frost & Sullivan s recent analysis,
Industry Convergence Boosting the Global Aircraft Electric Power Systems Market, finds that increasing demand for electric aircraft, changes in global fleet composition, and surging demand for new aircraft from emerging economies are prominent factors driving the global aircraft electric power systems (EPS) market. EPS ensure power generation, conversion, and distribution of electricity throughout the aircraft, as well as energy storage and motorization. The market is estimated to return to its pre-pandemic size and stability after 2024 when it is expected to reach