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Base Year: 2024
Companies covered: 18
Tables & Figures: 274
Countries covered: 19
Pages: 185
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Aircraft DC-DC Converter Market
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Aircraft DC-DC Converter Market Size
The global aircraft DC-DC converter market size was valued at USD 966.2 million in 2024, with a volume of 1,608 thousand units and is estimated to grow at 10.4% CAGR from 2025 to 2034. The rising production of aircraft reflects the growth in demand for the aircraft DC-DC converter.
The tariff imposed by the Trump’s administration particularly which are imposed on China has impacted the aircraft DC-DC converter which led to increase in cost of raw materials semiconductors and other passive components. The reciprocal tariff created procurement uncertainties for the regions reliant on global suppliers. The supply chain disruption led to the increase in lead times due to the increase in production time for manufacturing. The aircraft power system which requires integration of critical components witnesses issues owing to the changes in trade tariffs across the region.
The growing aircraft manufacturing is a major factor for the increase in development and deployment of the aircraft DC-DC converters on different aircraft types. According to the global fleet and MRO forecast the number of fleets in 2025 is around 29,079 and is predicted to grow and reach 38,309 by the year 2035. Such rise in aircraft types such as narrow body, wide body, regional jets and turboprop highlights the growing importance of DC-DC converters on planes for the purpose of ensuring compatibility between aircraft power system and onboard electronic components which is critical factor to upgrade of the modern aircraft electrical architecture.
The modernization attempts to enhance the operational efficiency of the aircraft marks the growth of the aircraft DC-DC converter. The growing demand for next-generation avionics system integration in aircraft increases the requirement of specific voltage levels for the stable power delivery in the aircrafts. DC-DC converters in the aircraft bridges the gap between the old and new modern aircraft electrical architecture.
Aircraft DC-DC Converter Market Trends
Aircraft DC-DC Converter Market Analysis
Based on aircraft type, the market is divided into fixed wing and rotary wing.
Based on output power, the aircraft DC-DC converter is divided into 100W, 100W–500W, and >500W.
Based on category, the market is divided into isolated, and non-isolated.
Based on application, the market is divided into avionics, power distribution, lighting systems, radar & electronic warfare systems, In-Flight Entertainment (IFE), and others.
North America held a market share of 39.2% in 2024. North America is experiencing growth in the aircraft DC-DC converter market due to the expansion of commercial aircraft. With the growth in North America aviation sector, the airlines are modernizing their fleets to integrate advanced avionics systems and fulfilling the need of stabilizing the electronic flight instruments systems. This reflects the growing demand of efficient DC-DC converters in flights to cater the increasing demand from commercial aviation as well as growing focus of more electric aircraft (MEA) systems in the region.
Europe held a significant market share of 30.3% in 2024. Due to the rise in next generation aircraft development, the region witnesses growth in the aircraft DC-DC converter market. The region’s leading aircraft manufacturers are involved in integration of advanced electrical architecture into both fixed-wing and rotary wing platforms. The advancement in the aircraft systems in Europe rely on DC-DC converter to ensure stable, isolated, and regulated voltage supply to the avionics and cain systems.
Asia Pacific is projected to grow at a strong pace at a CAGR of 12.5% by 2034. The aircraft DC-DC converter market in the Asia Pacific region is witnessing significant expansion, owing to the robust growth in both commercial aviation and defense sectors across countries in the Asia Pacific region. With the increase in air traffic, establishment of new regional airlines, and the growing aircraft procurement of the electronics systems are increasing the demand for advanced onboard electronics system management, which rely heavily on efficient and compact DC-DC converters.
Latin America is predicted to grow in the market with a CAGR of 8.6% by 2034. The increasing airline fleet and the trend of retrofitting the older fleets with modern avionics and power management systems marks the rising growth of the aircraft DC-DC converter. With the inclination towards the adoption of the more electric aircraft (MEA), Latin America is advancing with the growing implementation of the DC-DC converters which meets the stringent aviation standards.
Middle East & Africa is projected to grow with a CAGR of 5.3% by 2034. The rapid growth of the air travel in the MEA region increases the demand for the DC-DC converters in the aircrafts which meets the requirement of next-generation avionics, in-flight entertainment systems. The requirement of voltage regulation for the systems seamless functioning is met through the converter and thus the greater number of flights flying in the MEA region and more demand of advanced avionics systems propel the growth of the market within the region.
Aircraft DC-DC Converter Market Share
The aircraft DC-DC converter industry is highly competitive. The top 5 players in the market are Honeywell International Inc., TDK-Lambda Corporation, Murata Manufacturing Co., Ltd., Advanced Energy, and Vicor Corporation, accounting for a significant share of over 30% in the market. The key players in the market are focus on the development of compact, efficient, and thermally robust converters for the purpose of meeting aviation-grade certifications such as DO-160, MIL-STD-704, and RTCA standards, catering to both commercial and military aviation sectors.
The players in the market are strategically investing and developing the DC-DC converter product reliability which follows aerospace standards, modular design, and the ability to offer both isolated and non-isolated category solutions with a wide range of output power required for various avionics systems installed in the aircraft. Players are increasingly investing in the modern converter systems such as resonant converters, GaN-based power designs, and fault-tolerant architectures to support the growing applications of the more electric aircraft (MEA), and avionics modernization programs.
Aircraft DC-DC Converter Market Companies
Some of the prominent market participants operating in the industry include:
Honeywell’s large expertise in aerospace and its vertically integrated capabilities to deliver mission-critical, flight certified DC-DC power solutions make it as one of the key players in the market. The company long term avionics program enables it to offer the growing requirement of customized and scalable power modules. The next-generation flights which are now equipped with advanced electronics system raises the demand for the efficient and high-performance DC-DC converter. The company focuses on the growth of the electric power conversion technologies and form solution for the purpose of converting input voltage to one or more output voltages for efficient and cost-effective aircraft electrical power usage and control.
TDK-Lambda corporation focuses more on technological innovation in high-density, energy-efficient DC-DC converters for the system’s superior functioning in harsh aerospace environments. The company offers a broad portfolio of compact, board-mount, and chassis-mount converters with wide voltage ranges suitable for avionics, communications, and flight instrumentation.
Aircraft DC-DC Converter Industry News
The aircraft DC-DC converter market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Aircraft Type
Market, By Output Power
Market, By Category
Market, By Application
The above information is provided for the following regions and countries: