US More Electric Aircraft Market Research Report: By Application (Commercial, Military) and By Platform (Fixed Wing Aircraft, Rotary Wing Aircraft, UAV) - Forecast to 2035

US More Electric Aircraft Market Overview

US More Electric Aircraft Market Size was estimated at 1.26 (USD Billion) in 2023. The US More Electric Aircraft Market Industry is expected to grow from 1.5(USD Billion) in 2024 to 4.5 (USD Billion) by 2035. The US More Electric Aircraft Market CAGR (growth rate) is expected to be around 10.503% during the forecast period (2025 - 2035).

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Key US More Electric Aircraft Market Trends Highlighted

The US More Electric Aircraft Market is witnessing significant trends driven by advancements in technology and environmental regulations. The push for sustainable aviation has become a key market driver in the US, with both the federal government and leading aerospace companies focusing on reducing carbon emissions. Initiatives such as the Sustainable Aviation Fuel (SAF) initiative and support for electric propulsion systems from agencies like NASA and the FAA underscore the commitment to greener flight options. The advancement of battery technology and electric propulsion systems is opening new avenues for aircraft manufacturers to innovate. Opportunities to be explored include the development of hybrid-electric systems which can decrease fuel consumption while maintaining performance.Moreover, the potential for regional and smaller aircraft to utilize electric technology presents new market segments for exploration. In recent times, the US has observed an increase in collaborations between major aerospace companies and technology startups, aimed at accelerating the adoption of electric and hybrid-electric aircraft. This collaboration is essential in pushing the envelope on developing more efficient systems. The US government's focus on infrastructure developments, including charging stations for electric aircraft, also sets a foundation for growth in this market. Furthermore, there is a noticeable trend towards training programs aimed at equipping pilots and engineers with the necessary skills required for operating more electric aircraft, ensuring a workforce prepared for the future of aviation.The increasing interest from investors in eco-friendly aviation solutions is further solidifying the momentum of this market in the US, signaling a strong shift towards electrification in the aviation industry.

US More Electric Aircraft Market Drivers

Growing Demand for Sustainable Aviation Solutions

The need for sustainable aviation solutions is a significant driver in the US More Electric Aircraft Market Industry, as aircraft emissions are a major contributor to global warming. The US government's commitment to reduce greenhouse gas emissions by 50-52% by 2030, as outlined in various federal policies, emphasizes the urgency of transitioning to greener technologies. Aviation accounts for around 11% of US transportation greenhouse gas emissions, according to the Environmental Protection Agency (EPA).This growing regulatory pressure and consumer demand for cleaner alternatives are prompting aerospace companies, including Boeing and Airbus, to invest heavily in more electric aircraft technologies. Established manufacturers are focusing on Research and Development (R&D) to innovate electric propulsion systems that reduce overall emissions and align with federal targets. With aircraft being a significant polluter, this transition is crucial, making the drive towards electrification in aviation both a market imperative and a regulatory requirement for sustainability.

Technological Advancements in Electric Propulsion

Technological advancements in electric propulsion systems are catalyzing growth in the US More Electric Aircraft Market Industry. Recent developments in battery technology, such as higher energy density and reduced weight, have enabled electric aircraft to operate with greater efficiency and range. Major players like General Electric and NASA are at the forefront, investing in innovative electric propulsion solutions, which could potentially lead to battery improvements of up to 30% in energy capacity in the next few years.The improvement in technology has resulted in increased flight durations and operational capabilities, thereby expanding the market prospects. The US Department of Transportation has acknowledged these advancements and is promoting initiatives to enhance electric aviation, indicating a strong alignment between technological progress and regulatory support.

Increasing Fuel Prices and Operational Costs

Rising fuel prices are a notable driver for the US More Electric Aircraft Market Industry, as airlines and operators seek alternatives to mitigate soaring operational costs. Over the past decade, fuel costs have seen significant fluctuations, with a notable increase in volatility that has affected the profitability margins of airlines. According to the US Energy Information Administration, jet fuel prices have experienced increases of over 50% in certain periods, driving the industry to consider more cost-effective solutions like electric aviation.The switch to electric aircraft can drastically reduce reliance on costly fossil fuels, which not only helps in reducing expenses but also stabilizes operational budgets. As airlines like Southwest Airlines and Delta Air Lines explore electric aircraft options, the urgency to adopt more efficient, sustainable technologies grows, making this driver pivotal for market expansion.

US More Electric Aircraft Market Segment Insights:

More Electric Aircraft Market Application Insights

The US More Electric Aircraft Market is witnessing a transformative evolution in its Application segment, which encompasses both Commercial and Military aircraft. The market is characterized by a strong shift towards more electric systems, aiming to enhance fuel efficiency and reduce emissions, which is in line with the United States' strategic initiatives to promote sustainable aviation. As the need for environmentally friendly options grows, the Commercial segment benefits significantly from advancements in technology and increasing consumer demand for reduced carbon footprints from airlines. Meanwhile, the Military segment plays a crucial role in national defense, focusing on innovative technologies that enhance mission capabilities, reduce maintenance costs, and increase operational efficiency. With the projected growth of the US More Electric Aircraft Market revenue, the Application segment underlines a strategic opportunity for manufacturers to leverage new technologies and address government requirements for performance, safety, and sustainability. The Commercial sector is largely driven by the emergence of more electric regional jets and larger aircraft that integrate lighter materials and electric components while maintaining safety and operational reliability. In terms of trends, advancements in battery technology and electric propulsion systems are paving the way for new aircraft designs that promise lower operating costs over time.On the Military side, the push for advanced capabilities translates into a focus on electric systems that not only enhance aircraft performance but also support tactical advantages in various scenarios. The Department of Defense is actively exploring electric and hybrid-electric propulsion systems to improve stealth capabilities and overall effectiveness in missions. As a result, investments in Research and Development (R&D) within this segment are significant, aligning with broader defense spending initiatives to modernize fleets and achieve greater operational readiness.With ongoing developments in regulatory frameworks and technological partnerships, the Application segment of the US More Electric Aircraft Market indicates a robust landscape for innovation and investment. Overall, both Commercial and Military sectors are poised to contribute substantially to the growth and evolution of the broader market, acting as catalysts for further advancements in more electric aircraft technologies. The interplay of cost, efficiency, and environmental impact will continue to shape this landscape, offering numerous opportunities for stakeholders involved in this emerging industry.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

More Electric Aircraft Market Platform Insights

The US More Electric Aircraft Market, particularly within the Platform segment, showcases a robust landscape driven by the growing demand for advanced aviation technologies and environmental sustainability. This segment is composed of various types of aircraft, with Fixed Wing Aircraft, Rotary Wing Aircraft, and Unmanned Aerial Vehicles (UAV) each playing significant roles. Fixed Wing Aircraft are crucial due to their efficiency in long-range travel and cargo transport, appealing to both commercial and military operations. Rotary Wing Aircraft provide enhanced versatility and maneuverability, making them essential for search and rescue operations and urban air mobility solutions.Meanwhile, UAVs are gaining traction for their applications in surveillance, agriculture, and logistics, significantly contributing to operational efficiency and cost reduction. The increasing focus on reducing aviation emissions and enhancing fuel efficiency drives innovation and market growth within this segment. Moreover, advances in battery technology and electrical systems pave the way for more sustainable and economically viable aircraft solutions. As the US government emphasizes electrification in aviation, these platforms are expected to lead the transformation towards a greener aerospace industry, reflecting robust trends and fostering opportunities across various applications in the aviation sector.

US More Electric Aircraft Market Key Players and Competitive Insights:

The US More Electric Aircraft Market is rapidly evolving, driven by innovations in technology, environmental concerns, and regulatory policies aimed at reducing emissions. A significant focus is placed on developing aircraft powered by electric systems that enhance efficiency and operational performance. Electric systems are becoming integral to the aerospace sector, allowing for reduced weight, improved reliability, and greater energy management. This market is characterized by an increasing number of players, both established aerospace giants and emerging startups, each bringing distinct technologies and approaches to the advancement of more electric aircraft. Competitive dynamics are influenced by intense research and development efforts, partnerships among key stakeholders, and a heightened emphasis on sustainability within the aviation sector. The continuous push towards electrification further intensifies competition, particularly as companies strive to offer innovative solutions and navigational systems that comply with stringent regulations and customer demands.Northrop Grumman positions itself as a formidable player in the US More Electric Aircraft Market, leveraging its extensive experience in defense and aerospace. The company capitalizes on its strong technical capabilities, especially in developing advanced avionics and electric propulsion systems, allowing it to create more efficient and versatile aircraft. With a well-established presence in the defense sector, Northrop Grumman has a solid foundation that provides them with a strategic advantage in the development of more electric systems. Its commitment to innovation and quality engineering has resulted in successful projects and technologies that align with the growing trend towards electrification in aviation. The synergies from its established defense contracts and the innovative research efforts in electric and hybrid designs add to its strengths, distinguishing Northrop Grumman in a competitive landscape focused on more electric aircraft.Raytheon Technologies plays a significant role in the US More Electric Aircraft Market by offering cutting-edge solutions and technologies that enhance aircraft performance and operational efficiency. The company is engaged in developing advanced systems including electrical power generation and distribution systems which are vital for electrifying modern aircraft. Raytheon Technologies' strong market presence is reinforced by its commitment to innovation, notable investments in R&D, and strategic partnerships aimed at creating integrated solutions for the aerospace industry. The company has also capitalized on mergers and acquisitions, combining its expertise with that of other industry leaders to bolster its capabilities in more electric aircraft technologies. Its robust portfolio of services includes flight controls, avionics, and propulsion systems that are essential for the advancement of electric aircraft, positioning Raytheon Technologies as a leader in transforming the aviation landscape in the US. These strengths, coupled with a proactive approach in addressing market demands, solidify its competitive edge in the growing market for more electric aircraft.

Key Companies in the US More Electric Aircraft Market Include:

• Northrop Grumman


• Raytheon Technologies


• Spirit AeroSystems


• Boeing


• Lockheed Martin


• RollsRoyce


• Honeywell


• General Electric


• Textron


• United Technologies


• Safran


• Moog


• Ball Aerospace


• Airbus

US More Electric Aircraft Market Industry Developments

The US More Electric Aircraft Market is witnessing significant developments, particularly in relation to advancements in electric propulsion technologies. Companies like General Electric and Honeywell are leading innovations aimed at improving aircraft fuel efficiency and reducing emissions. In September 2023, Lockheed Martin announced a partnership with Boeing to co-develop next-generation electric propulsion systems, enhancing operational capabilities in the defense sector. Meanwhile, Raytheon Technologies has been investing in Research and Development to enhance their avionics systems, making them increasingly compatible with electric aircraft technologies.Recent updates on mergers and acquisitions include Spirit AeroSystems’ acquisition of certain assets from a smaller tech company in August 2023, enhancing their capabilities in electric aircraft components. Concurrently, the market has also seen fluctuating valuations as the demand for sustainable aviation solutions grows, leading to a surge in investment from companies like Textron and Rolls Royce. Over the past two to three years, the market has rapidly evolved, shifting focus due to increasing regulatory pressures for lower emissions, with the Biden administration promoting electric aircraft initiatives with supportive policies since early 2021.

US More Electric Aircraft Market Segmentation Insights

More Electric Aircraft Market Application Outlook

• Commercial


• Military

More Electric Aircraft Market Platform Outlook

• Fixed Wing Aircraft


• Rotary Wing Aircraft


• UAV

 

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	1.26(USD Billion)
MARKET SIZE 2024	1.5(USD Billion)
MARKET SIZE 2035	4.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	10.503% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Northrop Grumman, Raytheon Technologies, Spirit AeroSystems, Boeing, Lockheed Martin, RollsRoyce, Honeywell, General Electric, Textron, United Technologies, Safran, Moog, Ball Aerospace, Airbus
SEGMENTS COVERED	Application, Platform
KEY MARKET OPPORTUNITIES	Advanced battery technology integration, Sustainable aviation power systems, Electric propulsion system development, Retrofitting legacy aircraft, Regulatory support for electric aviation
KEY MARKET DYNAMICS	shift towards sustainability, advancements in battery technology, regulatory support for electrification, rising fuel costs, increasing demand for eco-friendly transportation
COUNTRIES COVERED	US