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Aircraft Electrification Market Share
BAE Systems, Meggitt PLC, and Thales Group are significant contributors to the aircraft electrification industry, leveraging their expertise in aerospace components and systems. BAE Systems concentrates on electrification technologies, including electric propulsion and power management systems. Meggitt PLC specializes in advanced materials and components for electric and hybrid-electric aircraft, offering energy storage solutions. Thales Group develops avionics and electrical systems, supporting aircraft electrification through innovations in power distribution, control systems, and data processing to improve electric aircraft efficiency.
Aircraft Electrification Market Companies
Major players operating in the aircraft electrification industry are:
- AMETEK, Inc.
- Astronics Corporation
- BAE Systems
- Crane Aerospace & Electronics
- EaglePicher Technologies LLC
- EnerSys
- General Electric
- Honeywell International Inc.
- Lee Air, Inc.
- magniX
- Meggitt PLC
- PBS Aerospace
- Radiant Power Corporation
- Raytheon Technologies
- Safran
- Thales Group
What is the market share of hybrid electric technology in the aircraft electrification industry?
The hybrid electric segment is the fastest-growing, with a CAGR of 14.5% during the forecast period, driven by its balance between performance and sustainability.
How much is the North America aircraft electrification market worth?
North America market is expected to exceed USD 11.5 billion by 2034, driven by significant advancements in electric aircraft technologies and supportive federal regulations.
How big is the global aircraft electrification market?
The global market size for aircraft electrification was valued at USD 8.3 billion in 2024 and is projected to reach USD 30.7 billion by 2034, driven by a CAGR of 14.2% from 2025 to 2034.
Who are the major players in the aircraft electrification industry?
Major players in the industry include AMETEK, Inc., Astronics Corporation, BAE Systems, Crane Aerospace & Electronics, EaglePicher Technologies LLC, EnerSys, General Electric, Honeywell International Inc., Lee Air, Inc., and magniX.