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Aircraft Relays & Contactors Market Size to reach an estimated value of US$ 625.7 million in 2025

Author: Khemant Kolpe
by Khemant Kolpe
Posted: May 17, 2020

Aircraft Relays & Contactors Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more.

Aircraft relays & contactors market is extrapolated to grow at an impressive rate over the next five years to reach an estimated value of US$ 625.7 million in 2025. Increasing aircraft deliveries fuelled by rising passenger traffic, increasing aircraft fleet size, and the growing trend towards more electric aircraft driven by a shift from hydraulic and pneumatic systems to electrical systems in modern aircraft programs are the major factors escalating the growth of aircraft relays & contactors market.

In recent years, the market has witnessed gradual consolidation as major players are acquiring other players to strengthen their product portfolio and expand their geographical reach. Some of the foremost mergers & acquisitions that took place in the market include the acquisition of Zodiac Aerospace by Safran S.A in 2018 and the acquisition of aerospace power distribution system and cockpit division of Eaton Corporation by Safran S.A. in 2014. More recently in 2019, TE Connectivity, leading connectivity and sensor solution provider, acquired Kissling Group, which is a German high-power and high-voltage relays supplier for various industries including aerospace.

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https://www.stratviewresearch.com/Request-Sample/625/aircraft-relays-and-contactors-market.html

Aircraft Relays & Contactors Market Segment Insights:

By Aircraft Type:

Commercial aircraft are expected to remain the largest segment of the market during the forecast period. Increasing deliveries of commercial owing to rising air passenger traffic, growing demand for more electric aircraft, and increasing aircraft fleet size are the key growth drivers of the segment’s market.

By Product Type:

Contactors are likely to remain the larger segment of the aircraft relays & contactors market during the forecast period. They are generally of high power and are very high-value products as compared to relays. Dramatic design changes, especially in developing high-performance contactors with lower dissipation, are leading to the development of smart contactors, addressing additional market requirements of weight and size.

By Delivery Type:

Relays and contactors used in the aircraft industry come in a wide range of ampere ratings, ranging from small ampere ratings to hundreds of amperes. The market is segmented based on ampere type as 0-5 Amp, 5-25 Amp, and more than 25 Amp. Contactors are generally rated to switch higher loads and come in high-ampere rating range, whereas relays are generally having low-ampere rating range. The rating has been designed to meet the application requirements. More than 25 Amp is likely to remain the largest segment in the foreseen future.

By Region:

North America is projected to remain the largest market for aircraft relays & contactors during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleets of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, relays & contactors suppliers, and component manufacturers are primarily driving the aircraft relays & contactors market in the country.

Click below to run through the detailed ToC of the report:

https://www.stratviewresearch.com/toc/625/aircraft-relays-and-contactors-market.html

Features of the Report

This report offers high-quality insights and is the outcome of 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.

Based on the research, a proper report is crafted with the following key features:

  • 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, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

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About the Author

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. Website: https://www.stratviewresearch.com/

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Author: Khemant Kolpe

Khemant Kolpe

Member since: Jan 10, 2020
Published articles: 45

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