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Aircraft Electrical Systems Market Share

Report ID: GMI12239
Published Date: Nov 2024
Report Format: PDF

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Aircraft Electrical Systems Market Share

Aircraft Electrical System Market Share Analysis, 2024

The aircraft electrical systems industry is fiercely competitive, driven by innovation, regulations, and demand for sustainable aviation. Key players like Safran, BAE Systems, GE Aviation, and RTX compete by advancing power generation, distribution, and storage technologies for both commercial and military aircraft. These companies leverage their R&D strengths, industry experience, and partnerships to gain market share, focusing on hybrid-electric and all-electric systems. The market is shaped by collaborations, acquisitions, and investments to enhance product lines and global reach. This competition pushes companies to develop eco-friendly, efficient, and cost-effective electrical systems for aircraft.

Aircraft Electrical Systems Market Companies

Major players operating in the aircraft electrical systems industry are:

Ametek
Amphenol
Astronics
Avionic Instruments
BAE Systems
Crane Aerospace & Electronics
GE Aviation
Honeywell
Meggitt
Nabtesco
PBS Aerospace
Radiant Power
RTX
Safran

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aircraft electrical systems was valued at USD 26.6 billion in 2024 and is expected to reach USD 53 billion by 2034, driven by a CAGR of 7.4% from 2025 to 2034.

North America dominated the market with a 39.7% share in 2024, driven by the U.S. market's shift towards More Electric Aircraft (MEA) to reduce emissions and boost fuel efficiency.

The commercial aviation segment is expected to register a CAGR of over 7.5% during the forecast period, driven by the transition to More Electric Aircraft (MEA) for greener operations.

Major players in the industry include Ametek, Amphenol, Astronics, Avionic Instruments, BAE Systems, Crane Aerospace & Electronics, GE Aviation, Honeywell, and Meggitt.