Aircraft Electrical Systems Market

The aircraft electrical systems market is projected to grow from USD 94.06 billion in 2025 to USD 110.40 billion by 2030, registering a CAGR of 3.3% during the forecast period. The rising demand for fuel-efficient and lightweight aircraft, the expansion of global aircraft fleets, and modernization initiatives across commercial, business, and military aviation sectors are driving growth in the aircraft electrical systems market. Increasing adoption of more-electric and hybrid-electric architectures is further accelerating the need for advanced electrical components, such as power management systems, high-voltage generators, electric actuators, and digital distribution units. Moreover, growing air traffic and the rising reliance on electrically powered avionics, flight controls, cabin systems, and environmental control technologies are boosting demand for high-efficiency electrical solutions. Additionally, stringent regulatory standards related to emissions, performance, and safety are encouraging OEMs and aftermarket players to integrate lighter, compact, and high-reliability electrical systems that improve energy efficiency, reduce maintenance, and extend operational lifespan across a range of aircraft platforms.

Major players in the aircraft electrical system include Safran (France), Honeywell International Inc. (US), RTX (US), Thales (France), and GE Aerospace. These players have adopted various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansions, to strengthen their portfolio in the aircraft electrical systems market. These strategies have allowed them to enhance capabilities in electric power generation, power distribution, conversion, power storage, and integrated power management solutions. By focusing on innovation in high-voltage architectures, electric actuation, digital power monitoring, and thermal management technologies, these companies are expanding their presence in OEM and aftermarket segments. For example, they are increasingly investing in next-generation electrical systems designed for more-electric, hybrid-electric, and fully electric aircraft platforms. Such developments enable them to meet evolving customer needs, comply with regulatory standards, and capture a larger market share across commercial, military, business aviation, and emerging advanced air mobility (AAM) sectors.

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Safran S.A. operates through several business divisions, including aircraft propulsion, aircraft equipment, defense, and aerosystems. The company’s portfolio spans engines for commercial, business, and military aircraft, as well as landing gear, braking systems, avionics, and nacelles. The company also provides space propulsion systems and defense-related equipment, including navigation systems, optronics, and biometric solutions. With this range of offerings, Safran supports multiple industries, including aviation, defense, and space, while also maintaining a significant aftermarket services business across its product lines. In the aircraft electrical systems market, Safran plays a strategic role through its Aerosystems and Aircraft Equipment divisions, delivering advanced electrical solutions integrated into power generation, conversion, distribution, and management systems. The company provides electric starter generators, electrical wiring interconnection systems (EWIS), power distribution units, thermal management solutions, and electrical actuation systems for commercial, business, and military platforms. Safran’s electrical components support more-electric and hybrid-electric aircraft architecture by improving power efficiency, weight reduction, thermal stability, and operational reliability. The company is also advancing high-voltage electrical solutions for future electric propulsion platforms and eVTOL programs, positioning itself as a key enabler of next-generation aircraft electrification.

Honeywell International Inc. is a major player in the aerospace industry. It operates through four main business divisions: Aerospace, Building Technologies, Performance Materials & Technologies, and Safety & Productivity Solutions. The aerospace division provides avionics, propulsion systems, auxiliary power units, electrical distribution systems, environmental control systems, and safety and connectivity solutions for commercial, military, and business aviation. The company’s operations are diversified across industries, including aviation, defense, infrastructure, logistics, and industrial manufacturing, offering integrated systems and components to a global customer base. In the aircraft electrical systems market, Honeywell is active through its Aerospace division, offering advanced electrical power generation, conversion, distribution, and management solutions. The portfolio includes starter generators, electric auxiliary power units, power conditioning units, electrical actuation systems, and intelligent power management modules. These components play a crucial role in supporting high-voltage electrical architectures, digital avionics, and hybrid-electric propulsion systems while ensuring power reliability, thermal stability, and system protection. Honeywell’s electrical solutions are widely deployed across commercial, business, and military aircraft, enabling enhanced efficiency, maintainability, and operational readiness under demanding flight conditions.

Thales is a prominent player in the aerospace industry, providing advanced electrical, avionics, and mission-critical technologies to commercial, military, and emerging urban air mobility platforms. The company delivers integrated electrical architectures, avionics suites, power distribution units, electric actuation systems, and high-reliability flight control electronics that support enhanced safety, digital connectivity, and operational efficiency. Thales focuses on developing intelligent electrical solutions with built-in cyber protection, digital monitoring, and modular scalability to meet the evolving needs of more-electric and hybrid-electric aircraft platforms. Its electrical systems are designed to optimize power allocation, reduce weight, enhance redundancy, and support high-density electrical loads of modern avionics and mission systems. In the aircraft electrical systems market, Thales offers power generation and distribution systems, solid-state power controllers, integrated electrical cabinets, and advanced energy conversion units that enable efficient load management and fault isolation. Its solutions support high-voltage architectures, digital cockpit integration, and electric actuation for modern commercial, business, military, and next-generation electric aircraft. Thales also provides lifecycle support, ensuring reliability, maintainability, and performance optimization across both OEM and aftermarket applications.

RTX Corporation operates through two core business divisions: Commercial and Defense. The company’s subsidiaries include Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace provides avionics, interiors, mechanical systems, power and control technologies, and thermal management systems for commercial and military platforms. Pratt & Whitney focuses on aircraft propulsion, delivering engines for commercial, business, and military aircraft, as well as providing maintenance and aftermarket services. Raytheon specializes in defense systems, including radars, sensors, missiles, and command and control solutions. Collectively, the company serves commercial aviation, defense, and space markets with an extensive portfolio of systems and components.

GE Aerospace operates primarily through two core segments: Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT). The CES division serves commercial aviation with engine design, manufacturing, and aftermarket services; the DPT segment supports military platforms and advanced propulsion technologies. In the aircraft electrical systems market, GE Aerospace leverages its CES and DPT capabilities to deliver high-voltage electrical architectures, starter generators, electric actuation systems, integrated power distribution units, advanced converters and inverters, and thermal management modules. These electrical components are critical for more-electric aircraft, hybrid-electric demonstrators, and next-generation military platforms. For commercial fleets, its systems support power extraction, load balancing, and digital health monitoring to improve efficiency and reduce maintenance. On the defense side, GE’s electrical solutions support mission-critical avionics, electric drives, and rugged power distribution for helicopters, fighters, and unmanned systems. With this dual-segment approach, GE Aerospace is well-positioned to support electrical system supply throughout aircraft production, service, and electrification lifecycles.

Market Ranking

The aircraft electrical systems market is highly competitive, with five major players dominating the landscape through strong technological capabilities, vertical integration, and established OEM relationships. Honeywell International Inc. (US) leads the market with its extensive portfolio of electrical power generation, distribution, actuation, and thermal management solutions, deployed widely across commercial and military aircraft platforms. GE Aerospace (US) follows with strong capabilities in high-voltage electrical systems, integrated starter generators, power conversion technologies, and digital energy management, particularly supporting hybrid-electric and More-Electric Aircraft programs.

Safran (France) maintains a strong presence through its expertise in electrical wiring interconnection systems (EWIS), electric actuation, distribution modules, and power management units, with a growing focus on electric taxiing and propulsion electrification. RTX Corporation (US), through Collins Aerospace, holds a significant share with advanced electrical power control systems, solid-state converters, protection devices, and integrated thermal management technologies suitable for the OEM and aftermarket markets. Thales (France) secures its position by offering intelligent avionics electrical systems, mission power distribution units, and high-reliability power conditioning technologies optimized for commercial, defense, and unmanned platforms.

Related Reports:

Aircraft Electrical Systems Market by Solution (Power Generation, Power Distribution, Power Conversion, Power Storage, Power Management, Power Drives), Application (Propulsion & Powertrain, Flight Control & Actuation, Avionics & Mission Systems, Cabin & Passenger Systems, Environmental Control Systems, Aircraft Utilities & Support Systems), Aircraft Type (Commercial Aviation, Business & General Aviation, Military Aviation, Advanced Air Mobility (AAM), Propulsion Technology, Point of Sale, and Region – Global Forecast to 2030

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