Market Share of Aircraft Switches Industry
The aircraft switches market is fragmented in nature due to the presence of a large number of local and global players. Some of the key players in the market are Safran SA, Honeywell International Inc., RTX Corporation, Eaton Corporation PLC, and Electro-Mech Components Inc.
Aircraft are equipped with various switches, varying in type and size, sourced from multiple suppliers. This results in a fragmented market, with each aircraft sourcing switches from several suppliers. Market players are customizing their offerings to align with aircraft manufacturers' needs to secure new contracts. In October 2023, RTX Corporation showcased a groundbreaking solid-state circuit breaker. This breaker, a pivotal component for future aircraft's hybrid-electric propulsion systems, aligns with the aviation industry's ambitious goal of achieving net-zero carbon emissions by 2050. Developed in collaboration with Collins Aerospace and Pratt & Whitney as part of NASA's Advanced Air Vehicles Program, this breakthrough breaker can interrupt thousands of amps in under 100 microseconds, a fivefold increase in power handling compared to current models.
Aircraft Switches Market Leaders
-
Honeywell International Inc.
-
Eaton Corporation plc
-
Electro-Mech Components, Inc.
-
Safran SA
-
RTX Corporation
*Disclaimer: Major Players sorted in no particular order
