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Aircraft Electrical Systems Market Worth 24.79 Billion USD by 2022PUNE, India, February 14, 2017 /PRNewswire/ -- The report "Aircraft Electrical Systems Market by Technology (Power Generation, Conversion, Distribution, Energy Storage), Component (IDG, VFG, APU, TRU, GCU, Power Electronics, Power Distribution Systems), Application, Platform, & Region - Global Forecast to 2022", published by MarketsandMarkets, the market is projected to reach USD 24.79 Billion by 2022, at a CAGR of 6.45% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 99 market data Tables and 68 Figures spread through 186 Pages and in-depth TOC on "Aircraft Electrical Systems Market" Early buyers will receive 10% customization on this report. Rise in aircraft deliveries owing to the increasing air passenger traffic across the globe and the shift towards more electrical architecture and technology are some of the factors driving the aircraft electrical systems market. The power generation segment is projected to lead the aircraft electrical systems market during the forecast period Based on technology, the power generation segment is estimated to account for the largest share of the aircraft electrical systems market in 2016. Power generation has been playing a crucial role in aircraft electrical systems, as it helps generate electric power from the main engine to supply constant frequency AC electrical power to the aircraft during flight. The aircraft utility management segment is projected to grow at the highest CAGR from 2016 to 2022 Based on application, the aircraft utility management segment is projected to grow at the highest CAGR during the forecast period. This segment has been witnessing significant growth over the past few years, supported by the increasing air travel, growth of the regional economies, and increasing competition between airliners to provide the best possible comfort to customers on board. Download PDF Brochure @ http:/www.marketsandmarkets.com/pdfdownload.asp?id=1106 North America is estimated to account for the largest share of the global aircraft electrical systems market during the forecast period Major factors expected to drive the growth of the North American aircraft electrical systems market include increasing passenger traffic, demand for new aircraft, and retrofit of traditional electrical systems, among others. The number of single aisle airplanes has increased in North America due to the replacement of older, less fuel efficient jets with new single aisle aircraft which are based on the More Electric Architecture (MEA) technology. The aircraft electrical systems market in the North American region is estimated to be driven by the increasing demand for medium-sized airplanes during the forecast period. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1106 United Technologies Corporation (U.S.), Thales Group (France), Zodiac Aerospace (France), Safran S.A. (France), and Honeywell International, Inc. (U.S.) are the key players in the aircraft electrical systems market. Browse Related Reports More Electric Aircraft Market by Technology (Power Electronics, Thermal Management, Energy Storage & Others), Application (Power Generation, Passenger Comfort, Air Pressurization & Others) Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2021 Flight Management Systems (FMS) Market by Hardware (Control Display Unit, Visual Display Unit, Flight Management Computer), Aircraft Type (NBA, WBA, VLA, RTA), Fit (Line Fit, Retrofit) and Region - Global Forecast to 2021 Subscribe Reports from Aerospace &Defence Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 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