Global Aerospace Direct Current (DC-DC) Converter Market – Industry Trends and Forecast to 2029

Global Aerospace Direct Current (DC-DC) Converter Market, By Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Air Taxis), Form Factor (Chassis Mount, Encapsulated, Brick, Others), Input Voltage (800V), Output Voltage (48V), Output Power (1,000W), Output Number (Single Output, Dual Output, Multiple Output), Type (Isolated, Non-Isolated), Application (Avionics, Flight Control System, Surveillance System, Environmental Control System, Energy Storage System, Others) - Industry Trends and Forecast to 2029

Market Analysis and Size

Aerospace direct current (DC-DC) converters are widely being utilized to offer power to both aircraft and spacecraft systems. These are being highly deployed in commercial airlines in passenger traffic.

Global Aerospace Direct Current (DC-DC) Converter Market was valued at USD 0.70 billion in 2021 and is expected to reach USD 1.57 billion by 2029, registering a CAGR of 10.60% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Aerospace direct current (DC-DC) converters refer to the essential part of aircraft and spacecraft. These are known to offer necessary current, frequency or voltage depending on the requirements for technologically advanced aerospace vehicles.

Report Scope and Market Segmentation

Aerospace Direct Current (DC-DC) Converter Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Adoption of DC-DC Converters

The increase in the adoption of DC-DC converters in the past years along with the adoption of Internet of Things (IoT) acts as one of the major factors driving the growth of the aerospace direct current (DC-DC) converter market. The rise in demand for enhanced power density also has a positive impact on the market.

• Surge in Air Travel

The surge in air travel across the globe due to rise in tourism and high standard of living acts as one of the major factor driving the growth of aerospace fasteners market. Also, relief in the import duties in some countries for the manufacturers has a positive impact on the market.

• Aviation Industry

The high investment by aviation industry owing to the requirement for aircraft and high rate of air traffic further influence the market. Air travel is considered comfortable, cost-effective and fastest travel option for many individuals.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the aerospace direct current (DC-DC) converter market.

Opportunities

Furthermore, increase in environmental concerns extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in demand for business jets from developing regions will further escalate the growth of aerospace direct current (DC-DC) converter market.

Restraints/Challenges faced by the Aerospace Direct Current (DC-DC) Converter Market

On the other hand, limited adoption of drones due to economic, social, political, technological, and legal factors, and lengthy period of product certification are expected to obstruct market growth. Also, restrictions in the commercial use of drones are projected to challenge the aerospace direct current (DC-DC) converter market in the forecast period of 2022-2029.

This aerospace direct current (DC-DC) converter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aerospace direct current (DC-DC) converter market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Aerospace Direct Current (DC-DC) Converter Market

The COVID-19 had a negative impact on the aerospace direct current (DC-DC) converter market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for aerospace direct current (DC-DC) converters. The supply chain got hampered during the pandemic along with delay logistics activities. However, the aerospace direct current (DC-DC) converter market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Aerospace Direct Current (DC-DC) Converter Market Scope

The aerospace direct current (DC-DC) converter market is segmented on the basis of aircraft type, form factor, input voltage, output voltage, output number, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Aircraft Type

• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicles
• Air Taxis

Form Factor

• Chassis Mount
• Encapsulated
• Brick
• Others

Input Voltage

• <28V
• 28-75V
• 75-270V
• 270-800V
• >800V

Output Voltage

• <5V
• 12V
• 15V
• 24V
• 48V
• >48V

Output Power

• <10W
• 10-29W
• 30-99W
• 100-250W
• 250-500W
• 500-1,000W
• >1,000W

Output Number

• Single Output
• Dual Output
• Multiple Output

Type

• Isolated
• Non-Isolated

Application

• Avionics
• Flight Control System
• Surveillance System
• Environmental Control System
• Energy Storage System
• Others

Aerospace Direct Current (DC-DC) Converter Market Regional Analysis/Insights

The aerospace direct current (DC-DC) converter market is analyzed and market size insights and trends are provided by country, aircraft type, form factor, input voltage, output voltage, output number, type and application.

The countries covered in the aerospace direct current (DC-DC) converter market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the aerospace direct current (DC-DC) converter market because of the rise in research and development activities and strong presence of various aircraft manufacturers within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in development along with rising number of OEMs in aviation industry in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Aerospace Direct Current (DC-DC) Converter Market Share Analysis

The aerospace direct current (DC-DC) converter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aerospace direct current (DC-DC) converter market.

Some of the major players operating in the aerospace direct current (DC-DC) converter market are

• TDK-Lambda Corporation. (Japan)
• Murata Manufacturing Co., Ltd. (Japan)
• Infineon Technologies AG (Germany)
• Advanced Energy (US)
• Vicor Corporation (US)
• PICO Electronics, Inc. (US)
• Abbott Technologies (US)
• Texas Instruments Incorporated. (US)
• FDK CORPORATION (Japan)
• RECOM Power GmbH. (Gmunden)
• Crane Holdings, Co. (US)
• BrightLoop Converters (France)
• Cincon Electronics Co., Ltd. (US)
• Martek Power (US)
• XP Power (Singapore)
• Viable Power (Canada)
• Bel Fuse Inc. (US)
• Thales (France)
• KGS Electronics (US)