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Aircraft Electrical Systems Market Trends

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

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Aircraft Electrical Systems Market Trends

The aircraft electric system market is shifting towards More Electric Aircraft (MEA) and hybrid-electric propulsion systems. This change stems from the aviation industry's focus on sustainability, efficiency, and cost savings. MEA replaces traditional hydraulic, pneumatic, and mechanical systems with electric ones, creating lighter and more efficient aircraft. This trend supports reduced carbon emissions, enhances operational efficiency, and lowers maintenance costs, appealing to both commercial and military aviation sectors.

For instance, in January 2023, ZeroAvia made a breakthrough in zero-emission aviation. The company successfully flew the world's largest hydrogen-electric powered aircraft, a 19-seat Dornier 228. This test flight featured a full-size prototype hydrogen-electric engine installed on the aircraft's left wing, marking a significant step forward in sustainable air travel.

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.