More Electric Aircraft Market

Description
Table of content
Methodology
Download PDF

More Electric Aircraft Market by Platform (Fixed Wing, Rotary Wing), System (Propulsion, Aircraft), Application (Power Generation, Power Distribution, Power Conversion, Energy Storage), Component, End User, and Region - Global Forecast to 2031

USD 8.66 BN

MARKET SIZE, 2031

CAGR 7.8%

(2026-2031)

300

REPORT PAGES

200

MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The more electric aircraft market is projected to grow from USD 5.95 billion in 2026 to USD 8.66 billion by 2031 at a CAGR of 7.8%. The market is gaining momentum as aircraft manufacturers increase the electrification of onboard systems and airlines and defense operators focus on improving fuel efficiency, reducing aircraft weight, and lowering maintenance requirements. Demand is further supported by rising adoption of electric actuation, advanced power generation systems, high-voltage electrical architectures, power electronics, and electrically driven pumps and environmental control systems. Advancements in starter-generators, SiC-based power electronics, solid-state power distribution, and integrated power management technologies are also strengthening More Electric Aircraft capabilities across commercial, military, and rotary-wing platforms.

KEY TAKEAWAYS

By Region

The Middle East & Africa is projected to have the highest CAGR of 9.9% during the forecast period.
By Platform

By platform, rotary-wing aircraft is expected to record the highest CAGR of 13.3% during the forecast period
By System

By system, aircraft systems are expected to account for the dominant share of 70.1% in 2026.
By Component

By component, engines are expected to record the strongest growth rate of 10.4% during the forecast period.
By Application

By application, power generation is expected to account for a significant share of the more electric aircraft market.
By End User

By end user, civil aviation is expected to account for the largest market share during the forecast period.
Competitive Landscape - Key Companies

Major more electric aircraft manufacturers are expanding through aircraft electrification programs, OEM integration contracts, technology development, and next-generation aircraft platforms. Companies such as Safran SA, Honeywell Aerospace, RTX Corporation, GE Aerospace, Parker Hannifin Corporation, BAE Systems, Liebherr, AMETEK, Moog, Eaton, Thales, Curtiss-Wright, and Crane Aerospace & Electronics are strengthening their positions through advanced electrical power generation, electric actuation, power conversion, intelligent distribution, and integrated power management technologies.
Competitive Landscape - Startups/SMEs

Specialized aerospace technology companies such as Glenair, H3X Technologies, KGS Electronics, and Lynxeo are gaining relevance through high-power-density electric machines, advanced power electronics, energy-storage systems, and integrated electrification technologies targeted at next-generation regional, hybrid-electric, and more-electric aircraft platforms.

The more electric aircraft market is being supported by increasing aircraft production, rising electrification of onboard systems, and growing requirements for improved fuel efficiency, reduced aircraft weight, and lower maintenance costs. Demand is increasing for electric actuation, advanced power generation, high-voltage electrical architectures, power electronics, and intelligent power distribution systems that progressively replace or reduce conventional hydraulic, pneumatic, and mechanical functions.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The more electric aircraft market dynamics are shifting from conventional hydraulic, pneumatic, and mechanically driven aircraft systems toward electrically intensive architectures capable of supporting higher onboard power requirements and improved aircraft efficiency. Future demand will be increasingly molded by high-voltage electrical distribution, advanced power electronics, electric actuation, high-power starter-generators, solid-state power distribution, intelligent power management, and integrated thermal management. Aircraft OEMs, airlines, defense forces, system integrators, and component manufacturers are looking for electrical solutions that provide lower aircraft weight, reduced fuel consumption, improved reliability, and lower maintenance requirements. SiC-based power electronics, electromechanical and electro-hydrostatic actuators, electrically driven pumps, high-power-density generators, advanced energy-storage systems, and digitally controlled distribution networks are among the key technological trends. Increased production of new-generation commercial aircraft, modernization of military fleets, and growing development of hybrid-electric and highly electrified aircraft are likely to enhance the role of electrical systems across the aerospace ecosystem.

more-electric-aircraft-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers

Impact
Level

Development of high-density battery solutions for more electric aircraft
Increasing use of electric technology to optimize aircraft performance

RESTRAINTS

Impact
Level

High capital requirements and longer clearance periods
Potential for overheating of electrical systems

OPPORTUNITIES

Impact
Level

Introduction of alternative power sources for electric power generation
Advancements in power electronic components

CHALLENGES

Impact
Level

Requirement for reliable cable systems
Significant increase in maximum take-off weight

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Development of high-density battery solutions for more electric aircraft

Advances in high-energy-density batteries are supporting greater electrification of onboard systems by improving energy storage capability while reducing weight and space requirements.

Restraint: High capital requirements and longer clearance periods

High development costs, extensive testing, and lengthy aviation certification processes can delay commercialization and increase the financial burden on system and component suppliers.

Opportunity: Introduction of alternative power sources for electric power generation

Fuel cells, advanced batteries, and hybrid power-generation technologies are creating opportunities to reduce dependence on conventional generators and support higher electrical loads onboard aircraft.

Challenge: Requirement for reliable cable systems

Higher electrical power levels require lightweight, thermally stable, and highly reliable wiring and cable systems capable of maintaining performance under demanding aircraft operating conditions.

MORE ELECTRIC AIRCRAFT MARKET SIZE, SHARE & GROWTH: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY	USE CASE DESCRIPTION	BENEFITS
	Safran Electrical & Power develops electrical power generation, conversion and distribution systems for more-electric commercial and military aircraft. Its portfolio includes starter-generators, generators, power management systems, electrical distribution equipment, and wiring systems designed to increase onboard electrical power availability while replacing selected hydraulic and pneumatic functions.	Enables higher onboard electrical power availability \| Reduces dependence on hydraulic and pneumatic systems \| Supports weight and fuel-efficiency improvements \| Enables intelligent electrical power distribution \| Supports higher electrical loads on next-generation aircraft
	Honeywell Aerospace provides aircraft electrical power generation and management systems, including generators, auxiliary power units, power distribution equipment, and high-power turbogenerators. Its technologies support more-electric and hybrid-electric aircraft architectures by supplying increased electrical power for avionics, environmental control, actuation, and other onboard systems.	Provides high-density electrical power generation \| Supports increased aircraft electrical loads \| Enables electrification of secondary aircraft systems \| Improves power-management efficiency \| Supports more-electric and hybrid-electric aircraft architectures
	Collins Aerospace (RTX) develops aircraft electrical generation, conversion and distribution technologies for commercial and military platforms. Its portfolio includes variable-frequency generators, high-voltage DC systems, solid-state power distribution, and advanced electric power architectures. Collins is also developing high-voltage systems through programs such as HECATE to support next-generation more-electric and hybrid-electric aircraft.	Enables high-voltage aircraft electrical architectures \| Supports greater electrical content per aircraft \| Reduces system weight through advanced power distribution \| Enables intelligent load management and fault isolation \| Supports future hybrid-electric and more-electric aircraft programs

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The more electric aircraft market ecosystem consists of aircraft electrical system manufacturers, power generation and distribution suppliers, actuation system providers, power electronics manufacturers, aircraft OEMs, system integrators, airlines, and defense operators. Safran, Honeywell Aerospace, RTX Corporation, GE Aerospace, and Parker Hannifin provide electrical power generation, conversion, distribution, actuation, and power management solutions for commercial and military aircraft. Other major suppliers include BAE Systems, Liebherr, Moog, Eaton, Thales, Curtiss-Wright, and Crane Aerospace & Electronics. These solutions are being integrated by aircraft manufacturers such as Airbus, Boeing, Embraer, and Leonardo across narrow-body, wide-body, regional, business, and military aircraft platforms. Airlines, armed forces, aircraft leasing companies, business aviation operators, and government aviation agencies are among the industry's most important customers. Other ecosystem participants include battery and energy storage suppliers, semiconductor and power electronics manufacturers, electric motor suppliers, wiring and cable manufacturers, thermal management providers, software developers, engineering companies, testing organizations, certification authorities, distributors, and MRO providers who support aircraft integration, certification, and lifecycle requirements.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

More Electric Aircraft Market, By Platform

The market is segmented into fixed-wing and rotary-wing aircraft. Fixed-wing aircraft include narrow-body aircraft, wide-body aircraft, regional aircraft, and fighter jets, while rotary-wing aircraft include medium and heavy helicopters. Fixed-wing aircraft account for a major share due to higher production volumes, increasing electrical content per aircraft, and wider adoption of electric actuation, power generation, power distribution, and electrically driven aircraft systems.

More Electric Aircraft Market, By System

The market is segmented into propulsion systems and aircraft systems. Propulsion systems include fuel-management systems and thrust-reverser systems, while aircraft systems include environmental control systems, accessory drive systems, power management systems, cabin interior systems, and flight control systems. Aircraft systems represent a significant application area as OEMs increasingly replace hydraulic, pneumatic, and mechanically driven functions with electrically powered alternatives to improve efficiency, reliability, and maintainability.

More Electric Aircraft Market, By Component

The market includes engines, batteries, fuel cells, solar cells, generators, actuators, electric pumps, power electronics, distribution devices, valves, and landing gear. Generators include starter generators, auxiliary power units, and VSCF generators, while actuators include electric actuators, hybrid electric actuators, electro-hydro-static actuators, electromechanical actuators, and electrical backup hydraulic actuators. Power electronics and actuators are gaining importance due to increasing onboard electrical loads, adoption of high-voltage architectures, and gradual replacement of conventional hydraulic and pneumatic systems.

More Electric Aircraft Market, By Application

The market is segmented into power generation, power distribution, power conversion, and energy storage. Power generation represents a major application due to increasing electrical requirements across avionics, environmental control, actuation, pumps, cabin systems, and mission equipment. Power conversion and distribution are also becoming increasingly important as aircraft move toward higher-voltage architectures and digitally controlled electrical networks.

More Electric Aircraft Market, By End User

Major end users include civil aviation and military aviation. Civil aviation accounts for a significant share due to high commercial aircraft production, fleet renewal and increasing electrical content across narrow-body, wide-body and regional aircraft. Military aviation demand is supported by fighter aircraft modernization, increasing electrical requirements for sensors and mission systems, and greater adoption of advanced power generation, actuation, and power management technologies.

REGION

Middle East & Africa to be Fastest-Growing Region in More Electric Aircraft Market During Forecast Period

The Middle East & Africa is expected to witness steady growth in the more electric aircraft market as countries across the region increase investments in commercial aviation expansion, military aircraft modernization, and advanced aerospace technologies. Rising demand for fuel-efficient aircraft, fleet replacement, and higher onboard electrical power requirements is increasing adoption of electric actuation, advanced power generation, power conversion, and intelligent distribution systems. Countries such as Saudi Arabia, the UAE, Israel, Turkey, and South Africa are expanding aviation infrastructure, defense procurement, and local aerospace capabilities while also investing in next-generation aircraft programs. Growing adoption of high-voltage architectures, starter-generators, solid-state power distribution, and advanced power electronics is further supporting regional demand for more electric systems across commercial and military aircraft platforms.

MORE ELECTRIC AIRCRAFT MARKET SIZE, SHARE & GROWTH: COMPANY EVALUATION MATRIX

In the more electric aircraft market matrix, Safran SA (Star) can be positioned strongly because of its broad presence across aircraft electrical power generation, distribution, conversion, and actuation systems. Its portfolio includes generators, starter-generators, electrical wiring systems, power distribution equipment, electric motors, and electromechanical actuation technologies supporting commercial and military aircraft. This gives Safran exposure to major aircraft programs, increasing onboard electrical power requirements and the transition from conventional hydraulic and pneumatic systems toward more-electric architectures, while its strong OEM relationships, system-integration capabilities, and global aerospace footprint strengthen its position across next-generation aircraft electrification programs.

more-electric-aircraft-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

Safran SA (France)
Honeywell Aerospace (US)
RTX Corporation (US)
GE Aerospace (US)
Parker Hannifin Corporation (US)
BAE Systems (UK)
Liebherr-International Deutschland GmbH (Germany)
AMETEK, Inc. (US)
Nabtesco Corporation (Japan)
Moog Inc. (US)
Astronics Corporation (US)
Eaton (Ireland)
Thales (France)
Curtiss-Wright Corporation (US)
Crane Aerospace & Electronics (US)

MARKET SCOPE

REPORT METRIC	DETAILS
Market Size in 2025	USD 5.51 Billion
Market Size in 2026	USD 5.95 Billion
Market Forecast in 2031	USD 8.66 Billion
CAGR	7.8%
Years Considered	2021–2031
Base Year	2025
Forecast Period	2026–2031
Units Considered	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Platform: Fixed Wing Rotary Wing By System: Propulsion Aircraft By Component: Engines Batteries Fuel Cells Solar Cells Generators Actuators Electric Pumps Power Electronics Distribution Devices Valves Landing Gear By Application: Power Generation Power Distribution Power Conversion Energy Storage By End User: Civil Military
Regions Covered	North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

WHAT IS IN IT FOR YOU: MORE ELECTRIC AIRCRAFT MARKET SIZE, SHARE & GROWTH REPORT CONTENT GUIDE

more-electric-aircraft-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST	CUSTOMIZATION DELIVERED	VALUE ADDS
Leading Manufacturer	Additional segment breakdown for countries	Additional country-level market sizing tables for segments/subsegments covered at the regional/global level to gain an understanding of market potential by each country
Emerging Leader	Additional company profiles	Competitive information on targeted players to gain granular insights into direct competition
Regional Market Leader	Additional country market estimates	Additional country-level deep dive for a more targeted understanding of the total addressable market

RECENT DEVELOPMENTS

July 2026 : GE Aerospace completed the first hybrid-electric flight above 30,000 feet under NASA’s Electrified Powertrain Flight Demonstration program. The demonstration used an integrated hybrid-electric propulsion system with motor-generators, power converters, inverters, and associated controls. The achievement demonstrated the feasibility of megawatt-class electrical systems at commercial aircraft cruising altitudes and represents an important step toward higher electrical content in future narrow-body aircraft.
March 2026 : RTX’s Collins Aerospace completed the HECATE project and achieved Technology Readiness Level 5 for high-voltage aircraft electrical power systems. The program successfully tested an electrical power generation and distribution system producing more than 500 kW using Safran Electrical & Power’s Copper Bird test platform. The development advances lightweight high-voltage power distribution technologies for future more-electric and hybrid-electric regional aircraft.
February 2026 : Safran Electrical & Power launched the OSYRYS project under the European Clean Aviation initiative to develop electrical technologies for next-generation regional aircraft. The project focuses on onboard electrical power generation and distribution, advanced thermal management, and energy management avionics for hybrid-electric architectures. OSYRYS forms part of a wider Clean Aviation program supported by EUR 140 million in funding and more than EUR 200 million in industry contributions.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE

PAGE NO

INTRODUCTION

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

This section summarizes market dynamics, key shifts, and high-impact trends shaping demand outlook.

4.1

INTRODUCTION

4.2

MARKET DYNAMICS

4.2.1

DRIVERS

4.2.2

RESTRAINTS

4.2.3

OPPORTUNITIES

4.2.4

CHALLENGES

4.3

UNMET NEEDS AND WHITE SPACE

4.4

INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES

4.5

STRATEGIC MOVES BY TIER-1/2/3 PLAYERS

INDUSTRY TRENDS

Captures industry movement, adoption patterns, and strategic signals across key end-use segments and regions.

5.1

INTRODUCTION

5.2

MACROECONOMIC OUTLOOK

5.2.1

INTRODUCTION

5.2.2

GDP TRENDS AND FORECAST

5.2.3

TRENDS IN MORE ELECTRIC AIRCRAFT INDUSTRY

5.3

VALUE CHAIN ANALYSIS

5.4

ECOSYSTEM ANALYSIS

5.5

PRICING ANALYSIS

5.6

TRADE AND TARIFF ANALYSIS

5.6.1

EXPORT SCENARIO

5.6.2

IMPORT SCENARIO

5.6.3

TARIFF DATA

5.7

KEY CONFERENCES & EVENTS IN 2026-2027

5.8

TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

5.9

INVESTMENT AND FUNDING SCENARIO

5.10

CASE STUDY ANALYSIS

TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS

6.1

KEY EMERGING TECHNOLOGIES

6.2

COMPLEMENTARY TECHNOLOGIES

6.3

TECHNOLOGY ROADMAP

6.3.1

TECHNOLOGY ROADMAP

6.3.2

EMERGING TECHNOLOGY TRENDS

6.4

PATENT ANALYSIS

6.5

FUTURE APPLICATIONS

6.6

IMPACT OF AI ON MORE ELECTRIC AIRCRAFT MARKET

6.7

SUCCESS STORIES AND REAL-WORLD APPLICATIONS

SUSTAINABILITY AND REGULATORY LANDSCAPE

7.1

REGIONAL REGULATIONS AND COMPLIANCE

7.1.1

REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

7.1.2

INDUSTRY STANDARDS

7.2

SUSTAINABILITY INITIATIVES

7.2.1

GLOBAL & REGULATORY SUSTAINABILITY INITIATIVES

7.2.2

CORPORATE & INDUSTRY-LED SUSTAINABILITY PROGRAMS

7.3

SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES

7.4

CERTIFICATIONS, LABELING, AND ECO-STANDARDS

CUSTOMER LANDSCAPE & BUYER BEHAVIOR

8.1

DECISION-MAKING PROCESS

8.2

BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA

8.3

ADOPTION BARRIERS & INTERNAL CHALLENGES

8.4

MARKET PROFITABILITY

MORE ELECTRIC AIRCRAFT, BY PLATFORM (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

9.1

INTRODUCTION

9.2

FIXED WING

9.2.1

NARROW-BODY AIRCRAFT

9.2.2

WIDE-BODY AIRCRAFT

9.2.3

REGIONAL AIRCRAFT

9.2.4

FIGHTER JETS

9.3

ROTARY WING

9.3.1

MEDIUM HELICOPTERS

9.3.2

HEAVY HELICOPTERS

MORE ELECTRIC AIRCRAFT, BY SYSTEM (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

10.1

INTRODUCTION

10.2

PROPULSION

10.2.1

FUEL MANAGEMENT SYSTEMS

10.2.2

THRUST REVERSER SYSTEMS

10.3

AIRCRAFT

10.3.1

ENVIRONMENTAL CONTROL SYSTEMS

10.3.2

ACCESSORY DRIVE SYSTEMS

10.3.3

POWER MANAGEMENT SYSTEMS

10.3.4

CABIN INTERIOR SYSTEMS

10.3.5

FLIGHT CONTROL SYSTEMS

MORE ELECTRIC AIRCRAFT, BY COMPONENT (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

11.1

INTRODUCTION

11.2

ENGINES

11.3

BATTERIES

11.4

FUEL CELLS

11.5

SOLAR CELLS

11.6

GENERATORS

11.6.1

STARTER GENERATORS

11.6.2

AUXILLARY POWER UNITS

11.6.3

VSCF GENERATORS

11.7

ACTUATORS

11.7.1

ELECTRIC ACTUATORS

11.7.2

HYBRID ELECTRIC ACTUATORS

11.7.2.1

ELECTRO-HYDRO-STATIC ACTUATORS (EHA)

11.7.2.2

ELECTRO-MECHANICAL ACTUATORS (EMA)

11.7.2.3

ELECTRICAL BACKUP HYDRAULIC ACTUATORS (EBHA)

11.8

ELECTRIC PUMPS

11.9

POWER ELECTRONICS

11.9.1

RECTIFIERS

11.9.2

INVERTERS

11.9.3

POWER CONVERTERS

11.10

DISTRIBUTION DEVICES

11.10.1

WIRES & CABLES

11.10.2

CONNECTORS & CONNECTOR ACCESSORIES

11.10.3

BUSBARS

11.11

VALVES

11.12

LANDING GEAR

MORE ELECTRIC AIRCRAFT, BY APPLICATION (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

12.1

POWER GENERATION

12.2

POWER DISTRIBUTION

12.3

POWER CONVERSION

12.4

ENERGY STORAGE

MORE ELECTRIC AIRCRAFT, BY END USER (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

13.1

INTRODUCTION

13.2

CIVIL

13.3

MILITARY

MORE ELECTRIC AIRCRAFT, BY REGION (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION)

ASSESSING GROWTH PATTERNS, INDUSTRY FORCES, REGULATORY LANDSCAPE, AND MARKET POTENTIAL ACROSS KEY GEOGRAPHIES AND COUNTRIES

14.1

INTRODUCTION

14.2

NORTH AMERICA

14.2.1

14.2.2

CANADA

14.3

EUROPE

14.3.1

FRANCE

14.3.2

GERMANY

14.3.3

14.3.4

ITALY

14.3.5

RUSSIA

14.3.6

REST OF EUROPE

14.4

ASIA PACIFIC

14.4.1

CHINA

14.4.2

INDIA

14.4.3

JAPAN

14.4.4

SOUTH KOREA

14.4.5

AUSTRALIA

14.4.6

REST OF ASIA PACIFIC

14.5

LATIN AMERICA

14.5.1

BRAZIL

14.5.2

MEXICO

14.5.3

REST OF LATIN AMERICA

14.6

MIDDLE EAST & AFRICA

14.6.1

MIDDLE EAST

14.6.1.1

GCC COUNTRIES

14.6.1.1.1

SAUDI ARABIA

14.6.1.1.2

UAE

14.6.1.2

ISRAEL

14.6.1.3

SOUTH AFRICA

14.6.1.4

REST OF MIDDLE EAST & AFRICA

COMPETITIVE LANDSCAPE

STRATEGIC ASSESSMENT OF LEADING PLAYERS, MARKET SHARE, REVENUE ANALYSIS, COMPANY POSITIONING, AND COMPETITIVE BENCHMARKS INFLUENCING MARKET POTENTIAL

15.1

INTRODUCTION

15.2

KEY PLAYER STRATEGIES/RIGHT TO WIN

15.3

MARKET SHARE ANALYSIS OF LEADING PLAYERS,

15.4

REVENUE ANALYSIS, 2021–2025

15.5

BRAND COMPARISON

15.6

COMPANY VALUATION AND FINANCIAL METRICS

15.7

COMPANY EVALUATION MATRIX: KEY PLAYERS,

15.7.1

STARS

15.7.2

EMERGING LEADERS

15.7.3

PERVASIVE PLAYERS

15.7.4

PARTICIPANTS

15.7.5

COMPANY FOOTPRINT, KEY PLAYERS,

15.8

COMPANY EVALUATION MATRIX: STARTUPS/SMES,

15.8.1

PROGRESSIVE COMPANIES

15.8.2

RESPONSIVE COMPANIES

15.8.3

DYNAMIC COMPANIES

15.8.4

STARTING BLOCKS

15.8.5

COMPETITIVE BENCHMARKING: STARTUPS/SMES,

15.8.5.1

DETAILED LIST OF KEY STARTUPS/SMES

15.8.5.2

COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES

15.9

COMPETITIVE SCENARIO

15.9.1

PRODUCT LAUNCHES

15.9.2

DEALS

15.9.3

OTHERS

COMPANY PROFILE

IN-DEPTH REVIEW OF COMPANIES, PRODUCTS, SERVICES, RECENT INITIATIVES, AND POSITIONING STRATEGIES IN THE MORE ELECTRIC AIRCRAFT MARKET

16.1

INTRODUCTION

16.2

KEY PLAYERS

16.2.1

SAFRAN SA

16.2.2

HONEYWELL AEROSPACE

16.2.3

RTX CORPORATION

16.2.4

GE AEROSPACE

16.2.5

PARKER HANNIFIN CORP

16.2.6

BAE SYSTEMS

16.2.7

LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH

16.2.8

AMETEK.INC.

16.2.9

NABTESCO CORPORATION

16.2.10

MOOG INC.

16.2.11

ASTRONICS CORPORATION

16.2.12

EATON

16.2.13

THALES

16.2.14

CURTISS-WRIGHT CORPORATION

16.2.15

CRANE AEROSPACE & ELECTRONICS

16.3

OTHER PLAYERS

16.3.1

TAMAGAWA SEIKI CO., LTD.

16.3.2

GLENAIR

16.3.3

UMBRAGROUP S.P.A.

16.3.4

MAROTTA CONTROLS, INC.

16.3.5

H3X TECHNOLOGIES INC.

16.3.6

KGS ELECTRONICS

16.3.7

INGENIUM TECHNOLOGIES

16.3.8

LYNXEO

16.3.9

RADIALL

16.3.10

CROUZET

RESEARCH METHODOLOGY

17.1

RESEARCH DATA

17.1.1

SECONDARY DATA

17.1.1.1

KEY DATA FROM SECONDARY SOURCES

17.1.2

PRIMARY DATA

17.1.2.1

KEY DATA FROM PRIMARY SOURCES

17.1.2.2

KEY PRIMARY PARTICIPANTS

17.2

MARKET SIZE ESTIMATION

17.2.1.1

BOTTOM-UP APPROACH

17.2.1.2

TOP-DOWN APPROACH

17.3

MARKET FORECAST APPROACH

17.3.1.1

SUPPLY SIDE

17.3.1.2

DEMAND SIDE

17.4

DATA TRIANGULATION

17.5

FACTOR ANALYSIS

17.6

RESEARCH ASSUMPTIONS

17.7

RESEARCH LIMITATIONS AND RISK ASSESSMENT

APPENDIX

18.1

DISCUSSION GUIDE

18.2

KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

18.3

CUSTOMIZATION OPTIONS

18.4

RELATED REPORTS

18.5

AUTHOR DETAILS

18.6

ANNEXURE: COMPANY LONG LIST

Methodology

The study involved four key activities to estimate the current size of the more electric aircraft market. Extensive secondary research was undertaken to collect information on the market, aircraft deliveries, fleet composition, aircraft electrical architectures, installed electrical systems, supplier contracts, airline and military procurement programs, and adjacent aerospace electrical systems markets. The findings, assumptions, and preliminary market estimates were validated through expert inputs across the value chain. A demand-side analysis was conducted to determine the overall market size. Finally, data triangulation was used to estimate the size of individual segments and subsegments within the more electric aircraft market

Secondary Research

During the secondary research phase, a wide range of sources was reviewed to identify and gather relevant information for the study. These sources included government procurement databases and budget documents; aircraft OEM annual reports, delivery databases, order books, production-rate guidance, investor presentations, product brochures, press releases, and contract announcements; electrical system and component supplier publications; airline fleet and annual reports; military procurement documents; GAMA, ICAO, IATA, FAA, EASA, CAAC, DGCA, SIPRI, and other aviation databases; technical white papers, journals, and certified publications; as well as articles from recognized authors, industry experts, and databases.

Primary Research

Primary research was structured after the collection of initial market information through secondary sources. Interviews and expert discussions were used to validate product positioning, electrical system content per aircraft, pricing, fitment rates, aircraft production and delivery trends, retrofit and replacement activity, procurement patterns, technology adoption, and market shares. Respondents represented both the demand and supply sides across key countries in North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. Primary information was gathered through questionnaires, email interactions, and telephonic or virtual interviews.

More Electric Aircraft Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the more electric aircraft market. The research methodology used to estimate the size of the market included the following details:

Key players in the More Electric Aircraft market were identified through secondary research, and their market shares were determined through a combination of primary and secondary research. This included a review of annual and financial reports, aerospace electrical system revenues, aircraft program contracts, platform integration programs, supplier selections, product portfolios, and interviews with industry stakeholders.
All percentage shares, splits, and breakdowns were derived using secondary sources and validated against supplier portfolios, procurement evidence, country demand, and expert inputs.
All major parameters affecting the More Electric Aircraft market were considered in detail, including commercial and military aircraft deliveries, business jet and helicopter production, aircraft fleet modernization, electrical system content per aircraft, aircraft electrical generation requirements, retrofit and replacement activity, aircraft production rates, supplier contracts, backlog, technological developments, and increasing adoption of electrically driven aircraft systems. The resulting quantitative and qualitative data were consolidated and cross-validated for the final market model. This data was consolidated, enhanced with detailed input, analyzed by MarketsandMarkets, and presented in this report.

More Electric Aircraft Market: Top-Down and Bottom-Up Approach

Data Triangulation

After estimating the overall market size, the market was categorized into multiple segments and subsegments. The data triangulation and market breakdown procedures were applied, wherever relevant, to complete the market engineering process and derive estimated values for each segment and subsegment. The data was triangulated by assessing key factors and trends across both demand-side and supply-side perspectives. In addition, the market estimates were cross-validated using top-down and bottom-up approaches, company revenues, aircraft production and deliveries, electrical system content per aircraft, supplier contracts, product pricing, aircraft order backlog, military procurement programs, installed fleet, retrofit activity, and country-level aviation demand.

Market Definition

The more electric aircraft market includes electrical systems, subsystems, and associated components used to replace, reduce, or optimize conventionally hydraulic, pneumatic, and mechanically powered secondary aircraft functions. The market includes electrical power generation, power conversion, power distribution and management, electrically driven actuation, electrical environmental control, electric engine starting, electric braking, electrically driven pumps, electric ice protection, electrical wiring and interconnect systems, energy storage and emergency power, and associated thermal and electrical power management equipment integrated into fixed-wing aircraft and rotorcraft. The market primarily covers non-propulsive aircraft electrification.

Key Stakeholders

Commercial Aircraft OEMs
Military Aircraft and Rotorcraft OEMs
Business and General Aviation Aircraft Manufacturers
Aircraft Electrical Power Generation System Manufacturers
Power Conversion and Power Electronics Manufacturers
Electrical Power Distribution and Management System Suppliers
Electromechanical and Electro-hydrostatic Actuation System Manufacturers
Electric Motor and Motor Controller Suppliers
Environmental Control System Manufacturers
Aircraft Braking and Landing System Suppliers
Aircraft Pump and Utility Actuation Suppliers
Energy Storage and Battery System Manufacturers
Electrical Wiring, Connector, and EWIS Suppliers
Airlines and Aircraft Operators
Defense Ministries, Air Forces, and Government Procurement Agencies
MRO, Retrofit, and Aircraft Upgrade Providers
Aircraft Leasing Companies
Regulatory and Civil Aviation Authorities
Aerospace Research Organizations and Technology Developers

Report Objectives

To define, describe, and forecast the more electric aircraft market based on platform, system, component, application, end user, and region in terms of value
To forecast the size of various segments of the market across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America in terms of value
To identify and analyze drivers, restraints, opportunities, and challenges influencing the growth of the market
To identify industry trends, market trends, procurement trends, and technology trends currently prevailing in the market
To provide an overview of the regulatory and airspace landscape relevant to more electric aircraft deployment across regions
To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze opportunities in the market for stakeholders by identifying key market trends
To profile key market players and comprehensively analyze their market shares and core competencies
To evaluate the degree of competition in the market by analyzing recent developments, such as contracts, agreements, partnerships, product launches, integrations, investments, and acquisitions
To identify the financial position, key products, aircraft programs, technology capabilities, and unique selling points of leading companies in the market
To provide a detailed competitive landscape of the market, along with market share analysis and revenue analysis of key players

Available customizations:

MarketsandMarkets offers the following customizations for this market report:

Additional country-level analysis of the more electric aircraft market
Profiling of other market players (up to 10)

Product Analysis

Product matrix, which provides a detailed comparison of the product portfolios of each company in the more electric aircraft market

Key Questions Addressed by the Report

What is the current size of the more electric aircraft market?

The more electric aircraft market is projected to grow from USD 5.56 Billion in 2024 and reach USD 8.01 Billion by 2029 at a CAGR of 7.6% during the forecast period.

Who are the key players in the more electric aircraft market?

Safran S.A ( France), Honeywell International Inc. (US), RTX (US), General Electric (US), Parker Hannifin Corporation (US), Bae Systems plc (UK), Bomardier Inc. (Canada), Embraer S.A (Brazil), Liebherr (Switzerland), Ametek Inc. (US), Astronics Corporation (US), Moog inc. (US), Rolls-Royce Plc (UK), Amphenol Corporation (US), and Eaton (Ireland) are among the key market players.

What are some of the technological advancements in the market?

Liquid cooling systems are increasingly popular in more electric aircraft as they can absorb and transfer heat more effectively than air cooling. Liquid cooling can offer cooling even for high-heat loads, especially in tightly confined areas. It has been commonly applied in high-power electric actuators and inverters where liquid cooling enables the necessary temperature regulation, hence giving reliability to its parts. The electric taxi system (ETS) enables aircraft to taxi around the ground without relying on their main jet engines and using electric motors. Normally, taxis with jet engines consume much fuel even when proceeding at low speeds between a gate and the runway. ETS replaces this function with electrically powered systems, which are usually situated in the wheels of the landing gear, allowing the aircraft to move around with no external tugs or even jet engines.

What are the disruptive trends in the more electric aircraft market?

The more electric aircraft market is witnessing many disruptive trends that are transforming the future of aviation. High-voltage power systems are developing at a breakneck speed, and the transition to 270V and higher voltage architectures is making power distribution much more efficient for aircraft systems. This trend will continue to support the electrification of traditional hydraulic and pneumatic systems, such as flight control, landing gear, and environmental control, to achieve greater efficiency and weight savings. The emergence of advanced battery and energy storage solutions - such as solid-state batteries with significantly higher energy densities and improvements in safety over traditional lithium-ion batteries - is another disrupting trend.

Report Coverage

＋

Report Overview
Key Takeaways
Trends/Disruptions Impact
Market Dynamics
Market Ecosystem
Market Segments
Market Region
Company Evaluation Matrix
Key Market Players
Report Scope
What's in it for you
Delivered Customization
Recent Developments

Methodology

Speak to Analyst

Fact checked

Cite this Research

Adjacent Markets

Request Bundle Reports

Personalize This Research

Triangulate with your Own Data
Get Data as per your Format and Definition
Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
Any level of Personalization

Request A Free Customisation

Let Us Help You

What are the Known and Unknown Adjacencies Impacting the More Electric Aircraft Market
What will your New Revenue Sources be?
Who will be your Top Customer; what will make them switch?
Defend your Market Share or Win Competitors
Get a Scorecard for Target Partners

Customized Workshop Request

TESTIMONIALS

Leading technology innovator in Aerospace and Defense

MarketsandMarkets has been crucial to our research findings and so far, they are the best source we've been able to locate. I'm sure nobody has the predictions nailed, but they seem to know it better than most.