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Report
Aircraft Electrical Systems Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Report I 2024-11-12 I 210 Pages I Global Market Insights
The Global Aircraft Electrical Systems Market, valued at USD 26.6 billion in 2024, is projected to grow at a 7.4% CAGR from 2025 to 2034. Growth in this market is driven by rising demand for advanced electrical systems in military aviation, as defense agencies seek next-generation aircraft with improved range, reliability, and flexibility. This demand is fueling the need for robust starter generators and power management systems that meet stringent military requirements, opening significant opportunities in the sector.
The industry is moving towards electric and hybrid-electric aircraft designs, focusing on improving fuel efficiency, cutting emissions, and lowering operational costs. This shift accelerates innovations in energy storage, power distribution, and electric propulsion across commercial, military, and urban air mobility sectors. Notable advancements include enhanced battery technologies, lighter materials, and optimized power management systems.
By platform, the market is segmented into commercial aviation, military aviation, and business & general aviation. The commercial aviation segment is expected to grow at a CAGR of 7.5% during the forecast period, driven by the shift toward MEA. Commercial airlines are replacing traditional hydraulic and pneumatic systems with electrical ones to reduce emissions, increase fuel efficiency, and minimize costs. This move towards electric systems spurs the development of hybrid and fully electric aircraft, especially for short-haul routes. Advances in battery technology are a key factor in this transformation, enabling the adoption of electric propulsion for greener commercial aviation.
In terms of system types, the market is divided into power generation, power distribution, power conversion, and energy storage. The power generation segment held the largest share in 2024, with a revenue of USD 10.4 billion. A notable trend in this segment is the shift towards hybrid and fully electric power generation systems, aligning with the MEA approach that prioritizes electric systems over traditional mechanical and hydraulic ones. Aircraft manufacturers are integrating electric generators with turbine engines to reduce fuel consumption and emissions, enhancing the efficiency and environmental sustainability of both commercial and military aircraft. This trend drives improvements in power systems that support greener and more efficient aviation solutions.
Regionally, North America led the aircraft electrical systems market, capturing a 39.7% share in 2023. The U.S. market is focused on advancing MEA to boost fuel efficiency and reduce emissions, increasing the demand for hybrid-electric and all-electric propulsion systems. Manufacturers are concentrating on developing lightweight, high-capacity batteries and energy storage solutions to support these next-generation aircraft, further propelling the market in North America.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Demand for fuel efficiency and reduced operational costs
3.6.1.2 Technological advancements in energy storage and power management
3.6.1.3 Growth of urban air mobility (UAM) and electric vertical take-Off and landing (eVTOL) aircraft
3.6.1.4 Shift towards the next generation more electric systems
3.6.1.5 increasing demand for advanced electrical solutions in military aviation programs
3.6.2 Industry pitfalls & challenges
3.6.2.1 Limitations in current battery technology
3.6.2.2 Thermal management and safety concerns
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By System, 2021-2034 (USD Million)
5.1 Key trends
5.2 Power generation
5.3 Power distribution
5.4 Power conversion
5.5 Energy storage
Chapter 6 Market Estimates & Forecast, By Component, 2021-2034 (USD Million)
6.1 Key trends
6.2 Generators
6.3 Conversion devices
6.4 Distribution devices
6.5 Battery management systems
Chapter 7 Market Estimates & Forecast, By Platform, 2021-2034 (USD Million)
7.1 Key trends
7.2 commercial aviation
7.3 military aviation
7.4 business & general aviation
Chapter 8 Market Estimates & Forecast, By Application, 2021-2034 (USD Million)
8.1 Key trends
8.2 Power generation management
8.3 Flight control & operation
8.4 Cabin system
8.5 Configuration management
8.6 Air pressurization & conditioning
Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD Million)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
Chapter 10 Company Profiles
10.1 Ametek
10.2 Amphenol
10.3 Astronics
10.4 Avionic Instruments
10.5 BAE Systems
10.6 Crane Aerospace & Electronics
10.7 GE Aviation
10.8 Honeywell
10.9 Meggitt
10.10 Nabtesco
10.11 PBS Aerospace
10.12 Radiant Power
10.13 RTX
10.14 Safran
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