Aircraft Electrical Systems Market Trends
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...

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

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