• Cat-intel
  • MedIntelliX
  • Consulting
  • Resources
  • About Us
  • News
  • Careers
  • Contact Us
  • Login
    • English
    Chinese
    French
    Japanese
    Korean
    German
    Spanish

    Aircraft Electrical Systems Market Size

    ID: MRFR/A&D/9083-HCR
    174 Pages
    Swapnil Palwe
    September 2025

    Aircraft Electrical Systems Market Research Report Information by System (Power Generation, Power Distribution, Power Conversion, and Energy Storage), Component (Generators, Distribution Devices, Conversion Devices, and Battery Management Systems), Application (Power Generation Management, Cabin System, Flight Control & Operation, Configuration Management, and Air Pressurization & Condi...

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Aircraft Electrical Systems Market Research Report—Global Forecast till 2030 Infographic

    Purchase Options

    $ 4,950.0
    $ 5,950.0
    $ 7,250.0
    Compare License

    Aircraft Electrical Systems Size

    Aircraft Electrical Systems Market Growth Projections and Opportunities

    Battery management systems are important electronic devices used to control and monitor the charging and discharging of rechargeable batteries. They are widely used in various applications such as grid energy storage, specialty vehicles (like marine and robots), and telecom/datacom systems. These systems can be customized to meet the specific requirements of different applications. The global power battery management system market is experiencing significant growth due to changes in government regulations and an increasing focus on reducing global dependence on coal and other fossil fuels. Environmental sustainability is a major driver for this growth, as well as the growing adoption of electric and hybrid vehicles. Various incentives and tax benefits are provided to encourage the local manufacturing of hybrid and electric vehicles, further boosting the market. Additionally, there is a growing demand for off-grid renewable energy generation, driven by government support and efforts to improve living conditions in rural areas. However, there are some challenges that may hinder the growth of the global power battery management systems market. These include the high maintenance costs associated with these systems and a lack of technical knowledge regarding their installation. Despite the challenges, the global power battery management system market is expected to grow rapidly in the coming years. Analysts predict that the market will reach a value of over USD 6,944.2 million by 2023, with an estimated compound annual growth rate (CAGR) of 11.86% during the forecast period. The growth of the power battery management system market is driven by several factors. One of the key factors is the increasing awareness and concern for the environment. Governments around the world are implementing regulations and policies to reduce the dependence on coal and other fossil fuels, which contributes to global warming and climate change. As a result, there is a growing demand for alternative energy sources and energy storage solutions, such as battery systems.

    Market Size Graph

    Market Summary

    As per Market Research Future Analysis, the global Aircraft Electrical Systems Market is projected to reach USD 19,344 million by 2030, growing at a CAGR of 6.7% from 2023 to 2030. The market is driven by the increasing demand for new aircraft and electric aircraft in commercial aviation. However, the lack of aviation infrastructure in key Asian economies may hinder growth. The COVID-19 pandemic has temporarily impacted the market, but recovery is expected as air passenger traffic rebounds. Technological advancements in aircraft electrical systems, particularly for hybrid and fully electric aircraft, present significant growth opportunities. The market is characterized by intense competition among global and regional players, with a focus on operational efficiency and innovative solutions.

    Key Market Trends & Highlights

    Key trends influencing the Aircraft Electrical Systems Market include technological advancements and regional growth dynamics.

    • Market Size: USD 19,344 million by 2030; CAGR: 6.7% (2023-2030)
    • Asia-Pacific expected to account for 41% of global aircraft deliveries by 2039; annual growth rate of air passenger traffic: 8.3%
    • North America forecasted to require 9,000 new passenger aircraft over the next two decades; air passenger traffic growth: 2.7%
    • Demand for battery management systems projected to grow due to ruggedized uninterruptible power systems

    Market Size & Forecast

    Market Size USD 19,344 million by 2030
    CAGR 6.7% (2023-2030)

    Major Players

    Safran (France), AMETEK, Inc. (US), Esterline Technologies (US), GE Aviation (US), Astronics Corporation (US), Honeywell International Inc. (US), Thales Group (France), Raytheon Technologies Corporation (US), Meggitt (UK), Amphenol Corporation (US)

    Market Trends

    The ongoing advancements in aircraft electrical systems are poised to enhance operational efficiency and safety, reflecting a broader trend towards modernization in the aerospace sector.

    Federal Aviation Administration (FAA)

    Aircraft Electrical Systems Market Market Drivers

    Increasing Demand for Fuel Efficiency

    The Global Aircraft Electrical Systems Market Industry experiences a notable surge in demand for fuel-efficient aircraft. Airlines and manufacturers are increasingly focusing on reducing operational costs and emissions, which drives the adoption of advanced electrical systems. These systems enhance overall aircraft performance by optimizing power distribution and reducing weight. As a result, the market is projected to reach 15.5 USD Billion in 2024, reflecting the industry's commitment to sustainability and efficiency. The integration of innovative technologies, such as fly-by-wire systems, further supports this trend, indicating a shift towards more electric aircraft designs.

    Market Segment Insights

    Regional Insights

    Key Companies in the Aircraft Electrical Systems Market market include

    Industry Developments

    April 2021 - AMETEK, Inc. procured Abaco Systems, Inc., one of the main providers of strategic mission-critical embedded computing systems, in a money exchange esteemed at USD 1.35 billion.

    July 2020 - Astronics Corporation was granted agreements from Bell Textron Inc., an auxiliary of Textron Inc., for the headway of its CorePower airframe electrical age and power circulation frameworks to help their drawn-out programs — Future Long-Range Assault Aircraft (FLRAA) and Future Attack Reconnaissance Aircraft (FARA).

    February 2020 - AMETEK, Inc. obtained IntelliPower, one of the main providers of ruggedised uninterruptible power frameworks that serve a wide assortment of safeguard and modern applications.

    Future Outlook

    Aircraft Electrical Systems Market Future Outlook

    The Global Aircraft Electrical Systems Market is projected to grow at a 5.06% CAGR from 2024 to 2035, driven by advancements in technology, increasing demand for fuel efficiency, and regulatory compliance.

    New opportunities lie in:

    • Invest in smart electrical systems to enhance aircraft efficiency and reduce operational costs.
    • Develop lightweight materials for electrical components to improve overall aircraft performance.
    • Explore partnerships with aerospace manufacturers to integrate next-gen electrical systems into new aircraft designs.

    By 2035, the market is expected to exhibit robust growth, reflecting advancements and increased adoption of innovative electrical systems.

    Market Segmentation

    Drivers

    • Increase in Demand for New Aircraft Worldwide
    • Technological Advancements in Aircraft Electrical Systems
    • Lack of Aviation Infrastructure in Leading Asian Economies
    • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate

    Restraints

    • Lack of Aviation Infrastructure in Leading Asian Economies
    • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate

    Opportunities

    • Technological Advancements in Aircraft Electrical Systems
    • Lack of Aviation Infrastructure in Leading Asian Economies
    • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate

    Market Dynamics

    • Increase in Demand for New Aircraft Worldwide
    • Technological Advancements in Aircraft Electrical Systems
    • Lack of Aviation Infrastructure in Leading Asian Economies
    • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate

    Segmentation Table

    • Platform
    • Commercial Aviation
    • Military Aviation
    • Application
    • Power Generation Management
    • Cabin System
    • Flight Control & Operation
    • Configuration Management
    • Air Pressurization & Conditioning
    • Component
    • Generators
    • Distribution Devices
    • Conversion Devices
    • Battery Management Systems
    • System
    • Power Generation
    • Power Distribution
    • Power Conversion
    • Energy Storage

    Competitive Landscape

    • Amphenol Corporation (US)
    • Meggitt (UK)
    • Raytheon Technologies Corporation (US)
    • Thales Group (France)
    • Honeywell International Inc. (US)
    • Astronics Corporation (US)
    • GE Aviation (US)
    • Esterline Technologies (US)
    • AMETEK, Inc. (US)
    • Safran (France)

    Cumulative Growth Analysis

    • High Demand for New Aircraft Deliveries to Bolster Market’s Growth Rate

    List of Key Companies Covered in this Report

    • Amphenol Corporation (US)
    • Meggitt (UK)
    • Raytheon Technologies Corporation (US)
    • Thales Group (France)
    • Honeywell International Inc. (US)
    • Astronics Corporation (US)
    • GE Aviation (US)
    • Esterline Technologies (US)
    • AMETEK, Inc. (US)
    • Safran (France)

    Significant Investments by Players to Intensify Competition

    • Amphenol Corporation (US)
    • Meggitt (UK)
    • Raytheon Technologies Corporation (US)
    • Thales Group (France)
    • Honeywell International Inc. (US)
    • Astronics Corporation (US)
    • GE Aviation (US)
    • Esterline Technologies (US)
    • AMETEK, Inc. (US)
    • Safran (France)

    Report Scope

    {"0"=>{"market_size"=>"USD 19,344 Million"}, "1"=>{"cagr"=>"6.7% (2020–2030)"}, "2"=>{"base_year"=>"2020"}, "3"=>{"forecast_period"=>"2020-2030"}, "4"=>{"historical_data"=>"2019"}, "5"=>{"forecast_units"=>"Value (USD Million)"}, "6"=>{"report_coverage"=>"Revenue Forecast, Competitive Landscape, Growth Factors, and Trends"}, "7"=>{"segments_covered"=>" System, Component, Application, and Platform"}, "8"=>{"geographies_covered"=>" North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America"}, "9"=>{"key_vendors"=>"Safran, AMETEK, Inc., Esterline Technologies, GE Aviation, Astronics Corporation, Honeywell International Inc., Thales Group, Raytheon Technologies Corporation, Meggitt, and Amphenol Corporation"}, "10"=>{"key_market_opportunities"=>"Technological advancements in aircraft electrical systems"}, "11"=>{"key_market_drivers"=>"Increase in Demand for New Aircraft Worldwide\r\nRise in Demand forElectric Aircraftfor Commercial Aviation"}}

    Market Highlights

    Author

    Swapnil Palwe
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe
    [email protected]

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith
    [email protected]

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
    View All

    FAQs

    How Aircraft Electrical Systems Market Growing Globally ?

    Aircraft Electrical Systems Market Grow at a CAGR Of 6.7% by 2020-2030

    Who Are The Top Key Drivers in Aircraft Electrical Systems Market ?

    Safran (France),AMETEK, Inc. (US),Esterline Technologies (US),GE Aviation (US),Astronics Corporation (US),Honeywell International Inc. (US),Thales Group (France),Raytheon Technologies Corporation (US),Meggitt (UK),Amphenol Corporation (US) top Drivers of Aircraft Electrical Systems Market

    Scope of Aircraft Electrical Systems Market ?

    The scope of the report highlights drivers, opportunities, restraints, and challenges surrounding the global market

    In Which Region Aircraft Electrical Systems Market Is Growing ?

    North America Expected to Focus on Fleet Simplification Leading to More Aircraft Deliveries

    1. 'Table of Contents
      1. Market Attractiveness Analysis
        1. Global Aircraft Electrical SystemsMarket, bySystem
        2. Global Aircraft
    2. Electrical Systems Market, byComponent
      1. Global Aircraft Electrical Systems Market, byApplication
        1. Global Aircraft Electrical Systems Market, byPlatform
        2. Global Aircraft Electrical Systems Market, byRegion
      2. Market Definition
      3. Scope of the Study
      4. Market Structure
      5. Key Buying Criteria
      6. Market Factor Indicator Analysis
      7. Research Process
      8. Primary Research
      9. Secondary Research
      10. Market Size Estimation
      11. Forecast Model
      12. List of Assumptions
      13. Introduction
      14. Drivers
        1. Increase in Demand for New Aircrafts Worldwide
    3. Rise in Demand for Electric Aircrafts for Commercial Aviation
      1. Drivers Impact Analysis
      2. Restraints
        1. Lack of Aviation Infrastructure
    4. in the Asian economies
      1. Restraints Impact Analysis
      2. Opportunities
        1. Technological Advancements in Aircraft ElectricalSystems
      3. Market/Technological Trends
      4. Patent Trends
      5. Regulatory Landscape/Standards
      6. Value Chain/Supply Chain Analysis
        1. R&D
        2. Manufacturing
        3. Distribution & Sales
        4. Post-Sales Monitoring
      7. Porter’s Five Forces Analysis
        1. Threat of New Entrants
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Intensity of Rivalry
        5. Bargaining Power of Supplies
    5. Aircraft Electrical Systems Market, by System
      1. Introduction
      2. Power Generation
      3. Power Distribution
      4. Power Conversion
      5. Energy Storage
      6. Introduction
      7. Generators
      8. Distribution Devices
      9. Conversion Devices
      10. Battery Management Systems
    6. Systems Market, by Application
      1. Introduction
      2. Power Generation Management
      3. Cabin System
      4. Flight Control & Operation
      5. Configuration Management
      6. Air Pressurization & Conditioning
    7. Global Aircraft Electrical Systems Market, by Platform
      1. Introduction
      2. Commercial Aviation
      3. Military Aviation
    8. Electrical Systems Market, by Region
      1. Introduction
      2. North America
        1. US
        2. Canada
      3. Europe
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Rest of Europe
      4. Asia-Pacific
        1. China
        2. Japan
        3. India
        4. Australia
        5. Rest of Asia-Pacific
      5. Middle East & Africa
        1. Saudi Arabia
        2. UAE
        3. Rest of Middle East & Africa
      6. Latin America
        1. Brazil
        2. Rest of Latin America
      7. Competitive Overview
      8. Competitor Dashboard
      9. Major Growth Key Strategies in the Global Aircraft Electrical Systems Market
      10. Competitive Benchmarking
      11. Market Share Analysis
      12. Leading Player in Terms of the Number of Developments in the Global Aircraft Electrical Systems Market
      13. Key Developments & Growth Strategies
        1. New ProductDevelopment/Service/Component Launches
        2. Mergers& Acquisitions
        3. Joint Ventures
      14. Key Market Players
    9. (Company overview, financial updates, products & service
    10. offered, key developments, SWOT analysis, and key strategies to be provided for
    11. all the listed companies)
      1. Safran
        1. AMETEK, Inc.
        2. Esterline Technologies
        3. GE Aviation
        4. Astronics Corporation
        5. Honeywell International Inc.
        6. Thales Group
        7. Raytheon Technologies Corporation
        8. Meggitt
        9. Amphenol Corporation
      2. Other Key Market Players
        1. PBS Aerospace
        2. Nabtesco Corporation
        3. Crane Aerospace & Electronics
        4. Hartzell Engine Technologies
        5. Avionic Instruments, LLC
        6. Pioneer Magnetics
        7. Carlisle Interconnect Technologies
        8. Radiant Power Corporation
        9. BAE Systems
        10. Eaglepicher Technologies, LLC
      3. References
      4. Related Reports
      5. List of Abbreviations 
    12. FOR AIRCRAFT ELECTRICAL SYSTEMS (2016–2021) ELECTRICAL SYSTEMS MARKET, 2020–2030 (USD MILLION) GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET, 2020–2030 (USD MILLION)
    13. COUNTRY, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) (USD MILLION) PLATFORM, 2020–2030 (USD MILLION) MARKET, BY SYSTEM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION)
    14. MARKET, BY APPLICATION, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION)
    15. MARKET, BY APPLICATION, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION)
    16. BY PLATFORM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) (USD MILLION) 2020–2030 (USD MILLION) MARKET, BY SYSTEM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION)
    17. BY SYSTEM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION) (USD MILLION) BY SYSTEM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION)
    18. BY PLATFORM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2030 (USD MILLION)
    19. COMPONENT, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION) (USD MILLION) 2020–2030 (USD MILLION) BY APPLICATION, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) (USD MILLION) 2020–2030 (USD MILLION) BY PLATFORM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY SYSTEM, 2020–2030(USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION)
    20. MARKET, BY COMPONENT, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION)
    21. BY SYSTEM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION)
    22. BY PLATFORM, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COUNTRY, 2020–2030 (USD MILLION) 2020–2030 (USD MILLION) SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION) MARKET, BY PLATFORM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) SAUDI ARABIA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) APPLICATION, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION)
    23. BY PLATFORM, 2020–2030 (USD MILLION) & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) THE MIDDLE EAST & AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION) AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION) (USD MILLION) SYSTEM, 2020–2030 (USD MILLION) SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION) AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 2020–2030 (USD MILLION) MARKET, BY SYSTEM, 2020–2030 (USD MILLION) ELECTRICAL SYSTEMS MARKET, BY COMPONENT, 2020–2030 (USD MILLION)
    24. SYSTEMS MARKET, BY SYSTEM, 2020–2030 (USD MILLION) AMERICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET, BY COMPONENT,2020–2030 (USD MILLION) 2020–2030 (USD MILLION) SYSTEMS MARKET, BY PLATFORM, 2020–2030 (USD MILLION) ACTIVE PLAYERS IN THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET & AGREEMENTS DEVELOPMENTS & PARTNERSHIPS  
    25. GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY APPLICATION GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY PLATFORM AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS, BY REGION ELECTRICAL SYSTEMS MARKET: MARKET STRUCTURE AIRCRAFT ELECTRICAL SYSTEMSSYSTEMS
    26. 2030 VS 2030
    27. GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ANALYSIS OF THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET CHAIN: GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET ELECTRICAL SYSTEMS MARKET SHARE, BY SYSTEM, 2020 (% SHARE) AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY PLATFORM, 2020 (% SHARE)
    28. COUNTRY, 2020 (% SHARE) SHARE, BY COUNTRY, 2020 (% SHARE) SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) AFRICA: AIRCRAFT ELECTRICAL SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (% SHARE)
    29. 2020 (% SHARE) MARKET
    30. & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL AIRCRAFT ELECTRICAL SYSTEMS MARKET

    Aircraft Electrical Systems Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Get Free Sample

    Related Reports

    Regional Reports
    Country Reports

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne

    Founder
    Case Study

    Smartphone Motherboard Parts Manufacturing Research

    Smartphone Motherboard Parts Manufacturing Research