Press Releases

Future of Aircraft Electrical Systems Market

The Global Aircraft Electrical Systems Market was valued at approximately USD 17.5 billion in 2023 and is projected to reach USD 28.5 billion by 2030, registering a CAGR of 7.9% during 2024–2030. Growth in this market is driven by the shift toward More Electric Aircraft (MEA), rising demand for commercial air travel, modernization of defense fleets, expanding use of unmanned aerial vehicles (UAVs), and the increasing stringency of environmental regulations worldwide.

Technological advancements in power electronics, battery systems, and lightweight wiring materials are further enabling the adoption of reliable, energy-efficient, and environmentally sustainable aircraft electrical systems. As aviation evolves, the need for robust and adaptable power distribution and management systems is becoming indispensable across both commercial and military applications.

Full Market Study Report Link - https://www.marknteladvisors.com/research-library/global-aircraft-electrical-system-market.html

Market Drivers

• Inclination Toward More Electric Technology (MEA): The replacement of conventional hydraulic and pneumatic systems with electrical alternatives improves overall aircraft performance, reduces weight, enhances fuel efficiency, and lowers emissions.
• Defense & Security Spending: Many nations are bolstering their aerial defense capabilities, creating demand for advanced power systems in military aircraft.
• Air Travel Recovery & Growth: Post-pandemic recovery in passenger traffic has triggered new aircraft orders, especially in commercial aviation, fueling demand for integrated electrical systems.
• Technological Innovations: Ongoing developments in generators, battery management systems (BMS), and smart distribution devices are making aircraft more reliable, safe, and adaptable.
• Environmental Regulations: Growing pressure to cut emissions and noise pollution is accelerating the adoption of sustainable electrical power systems.

Market Challenges

Despite the growth outlook, the industry faces structural challenges that may restrain adoption:

• High Initial Investment & R&D Costs: Developing, testing, and certifying new aircraft electrical systems is capital-intensive.
• Certification Complexity: Strict aviation regulations lengthen approval cycles for new technologies.
• Maintenance Burden: Compared to hydraulic or pneumatic systems, electrical components may require frequent replacements and skilled technicians.
• Cybersecurity Risks: Increasing digitalization makes aircraft more vulnerable to cyber threats.
• Infrastructure Gaps: Supporting infrastructure for hybrid-electric and fully electric systems remains underdeveloped.

Market Opportunities

• Sustainability & Green Aviation: Tighter emission regulations are pushing airlines to adopt electrical solutions that minimize environmental impact.
• Integration of Advanced Energy Storage: Innovations in lithium-sulfur and solid-state batteries are creating opportunities for more efficient power management.
• Urban Air Mobility (UAM) & eVTOL: The rise of electric vertical takeoff and landing aircraft will open new demand segments for lightweight, high-output electrical systems.
• Increased Focus on Passenger Experience: The surge in In-flight Entertainment & Connectivity (IFEC) is pushing airlines to enhance onboard electrical infrastructure.

Market Trends

• More Electric Aircraft (MEA): Transition from hydraulics to electrical power across key systems such as landing gear, flight control, and environmental management.
• Smart Power Distribution: Adoption of digitalized and predictive maintenance solutions to ensure safety and efficiency.
• In-flight Connectivity: Growing demand for high-speed internet and streaming services is reshaping cabin electrical power requirements.
• Lightweight Materials: Aircraft manufacturers are incorporating advanced wiring materials and compact devices to balance performance with weight efficiency.

Segmentation Analysis

By Platform

• Commercial Aviation (Largest Share): Passenger traffic recovery and rising aircraft orders drive demand for advanced electrical systems.
• Military Aviation: Modernization of fleets and UAV integration fuel steady growth.
• Business & General Aviation: Rising adoption of lightweight, fuel-efficient systems among private operators.

By Component

• Generators (Dominant Segment): Continue to hold the largest share due to their critical role in converting mechanical to electrical power.
• Conversion Devices & Distribution Devices: Increasingly integrated into power management networks to optimize efficiency.
• Battery Management Systems (BMS): Fastest-growing segment as airlines push for sustainable operations and hybrid-electric propulsion.

Regional Insights

• North America (Largest Market): Driven by high passenger traffic, strong defense spending, and the presence of leading OEMs such as Honeywell, GE Aviation, and Collins Aerospace.
• Europe: Significant growth expected, supported by demand for lightweight aircraft and investments in sustainable aviation technology across Germany, the UK, and France.
• Asia-Pacific (Fastest Growth): China, India, and Japan are witnessing rapid expansion in aviation infrastructure and commercial aircraft demand.
• Middle East & Africa: Investments in fleet expansion and regional airline growth will contribute moderately.
• South America: Emerging demand, with Brazil as the leading market in the region.

Competitive Landscape

The market is moderately consolidated, with global aerospace leaders and specialized suppliers driving innovation. Key players include:

• Ametek, Inc.
• Safran
• Astronics Corporation
• Amphenol Corporation
• PBS Aerospace
• Honeywell International Inc.
• Meggitt Plc
• Thales Group
• RTX Corporation (Collins Aerospace)
• General Electric
• Crane Aerospace & Electronics
• Avionic Instruments LLC
• Nabtesco Corporation
• Hartzell Engine Technologies LLC and more...

Recent development: In July 2023, Crane Aerospace and Electronics partnered with Heart Aerospace to define the power distribution system for the ES-30 regional electric aircraft.

Conclusion & Outlook

The Global Aircraft Electrical Systems Market is entering a phase of strong, innovation-driven growth. While high costs, certification barriers, and cybersecurity risks pose significant challenges, the broader outlook remains positive. Electrification, digitalization, and sustainability will define the next decade of aviation, with MEA technologies, IFEC integration, and UAM/eVTOL platforms shaping demand.

North America will continue to lead in terms of market value, while Asia-Pacific is expected to be the fastest-growing region. With the aviation sector under mounting pressure to reduce emissions and enhance efficiency, aircraft electrical systems will remain a central pillar of aerospace transformation through 2030.