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Aircraft Electrical Systems Market Size

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

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Aircraft Electrical Systems Market Size

The global aircraft electrical systems market was valued at USD 26.6 billion in 2024 and is estimated to grow at a CAGR of 7.4% from 2025 to 2034.

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The aircraft electric system market is growing due to increased demand for advanced electrical solutions in military aviation. Defense agencies are seeking next-generation aircraft with better range, reliability, and versatility. This has led to a focus on electric systems that offer high power generation, efficient energy management, and enhanced performance. As a result, there's a rising demand for durable starter-generation and power management technologies that meet strict military requirements. This trend is creating significant growth opportunities in the market.

Aircraft Electrical Systems Market Report Attributes
Report Attribute	Details
Base Year:	2024
Aircraft Electrical Systems Market Size in 2024:	USD 26.6 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	7.4%
2034 Value Projection:	USD 53 Billion
Historical Data for:	2021 - 2024
No. of Pages:	210
Tables, Charts & Figures:	280
Segments covered:	System, component, platform, application, & region
Growth Drivers:	Demand for fuel efficiency and reduced operational costs Technological advancements in energy storage and power management Growth of Urban Air Mobility (UAM) and Electric Vertical Take-Off and Landing (eVTOL) aircraft Shift towards next-generation more electric systems Increasing demand for advanced electrical solutions in military aviation programs
Pitfalls & Challenges:	Limitations in current battery technology Thermal management and safety concerns

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For instance, in May 2024, Safran Electrical & Power, an aircraft electrical systems provider, agreed to supply starter-generation systems for the U.S. Army's Future Long Range Assault Aircraft (FLRAA) program. The company signed this deal with Bell Textron Inc. This agreement enhances the provider's position in the Aircraft Electric System market. By expanding its role in advanced military aviation programs, the company is poised to see increased demand for its innovative starter-generation technologies.

The aircraft electric system industry is moving towards electric and hybrid-electric designs to boost fuel efficiency, cut emissions, and reduce costs. This shift is spurring advances in energy storage, power distribution, and electric propulsion for more electric and fully electric aircraft across commercial, military, and urban air mobility sectors. Key developments include better batteries, lightweight materials, and improved power management. The focus on sustainable aviation is fostering industry partnerships, while the rise of urban air mobility (UAM) and electric vertical takeoff and landing (eVTOL) markets is creating demand for compact, reliable electric systems for safe urban transport.

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.