Aircraft DC-DC Converter Market to Witness the Highest Growth in North America Region


Posted August 18, 2021 by SandeepRoy

The global aircraft DC-DC converter market size is projected to grow from USD 0.7 billion in 2021 to USD 1.7 billion by 2030, at a CAGR of 10.3% from 2021 to 2030.
 
The report on the aircraft DC-DC converter system market provides a detailed trend analysis from 2017 to 2030. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The Global Aircraft DC-DC Converter Market size is projected to grow from 0.7 billion in 2021 to USD 1.7 billion by 2030, at a CAGR of 10.3% from 2021 to 2030. The market is driven by various factors, such introduction to new programs in business jets, rise in aircraft renewals and deliveries, growing demand for unmanned aerial vehicles and increasing demand for military helicopters.

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Based on aircraft type, The aircraft DC-DC converter market will majorly be driven by the growing demand for unmanned aerial vehicles in the forecasted year. Unmanned Aerial Vehicles (UAVs) get power from batteries. Batteries supply power to the DC line, which provides the required power to all the sub-systems of UAVs. DC-DC converters are used in-between batteries and DC-line for providing regulation or boost or isolation based on the requirements of the components and sub-systems connected to the DC-line. With the increased usage of drones by several industries, the drones market is experiencing rapid growth. The global market of drones, which was USD 15 billion in 2019, increased to USD 22 billion in 2020, and it is expected to reach USD 43 billion by 2025. This will increase the demand for DC-DC converters in the aircraft market.

Based on form factor, the brick DC-DC converter is projected to grow at the highest CAGR for the aircraft DC-DC converter market during the forecast period. Brick type DC-DC converters are known for their high-power density with lower operational noise. These converters also provide advanced power processing and a very compact package. They provide a wide range of input and output voltage and have higher operational efficiency. Brick DC-DC converters offer products in different sizes, fulfilling the need for a compact DC-DC converter. These can be further categorized into full brick, half brick, quarter brick, eighth brick, and sixteenth brick.

Based on the input voltage, the
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Issued By marketsandmarkets
Country Japan
Categories Aerospace , Business , Technology
Tags aircraft dcdc converter market
Last Updated August 18, 2021