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%. Demand is being shaped by increasing aircraft production, airline fleet renewal, rising electrical power requirements onboard commercial and military aircraft, and the progressive replacement of conventional hydraulic and pneumatic functions with electrically powered systems. Growth in electrically driven actuation, power generation, power conversion, power distribution and environmental control systems is increasing the electrical content per aircraft. The market is also benefiting from advances in high-voltage architectures, solid-state power distribution, high-power-density generators, and wide-bandgap power electronics, which help improve power density, efficiency, and overall aircraft system performance.
Some of the major market players are Safran SA (France), Honeywell Aerospace (US), RTX Corporation (US), GE Aerospace (US), and Parker Hannifin Corporation (US). Their portfolios span aircraft power generation, electrical distribution, power conversion, actuation, aircraft wiring, electric braking, environmental control, and power management technologies.
Safran SA participates across a broad portion of the more electric aircraft value chain through Safran Electrical & Power and other group businesses. Its portfolio covers electrical power generation, distribution and conversion as well as wiring systems, electric motors, and electrical system integration. Safran supplies AC generators and starter-generators for civil and military aircraft and offers primary and secondary power distribution systems incorporating solid-state power controllers. The company also has significant aircraft-program exposure through the Boeing 787, where it supplies the electrical wiring system and electric braking equipment. This breadth across generation, distribution, wiring and electrically operated aircraft functions supports Safran's position in the more electric aircraft market.
Honeywell Aerospace has a substantial position in aircraft electric power through its power generation, power management, and auxiliary power system capabilities. The company offers high-power-density aircraft generators, including 200/250 kW systems, and has developed a 1 MW turbogenerator intended for hybrid-electric aircraft applications. Honeywell's electric power portfolio also covers motors and controllers, power distribution systems, and turbogenerators. Its broad installed base across commercial and defense aircraft provides a foundation for addressing increasing onboard power requirements as aircraft architectures become progressively more electric.
RTX Corporation participates in the market primarily through Collins Aerospace, which has extensive capabilities in aircraft electrical power generation and distribution. Collins offers variable-frequency, constant-frequency, and high-voltage DC generation products, while its power distribution portfolio includes primary and secondary solid-state distribution systems. The company is also advancing high-voltage architectures for future aircraft through programs such as HECATE and SWITCH. HECATE achieved TRL 5 for a high-voltage electrical architecture in 2026, while SWITCH testing has focused on integrated hybrid-electric powertrain subsystems and aircraft-level integration. These capabilities give RTX exposure to both existing more electric aircraft platforms and future higher-power aircraft architectures.
GE Aerospace provides a broad range of aircraft electrical power technologies covering power generation, conversion, integration, distribution, and control. Its generation portfolio includes variable-frequency generators, variable-speed constant-frequency generators and starter-generators across civil and military aircraft applications. The company is also developing silicon carbide-based power electronics to improve efficiency, thermal performance and power density. GE Aerospace identifies the transition toward more electric aircraft as a major industry trend driven by improved operating economics in commercial aviation and higher performance requirements in military aircraft. Its capabilities across generation, power electronics, and system-level integration position the company strongly as electrical loads continue to increase on future platforms.
Parker Hannifin Corporation participates in the more electric aircraft market through Parker Aerospace with capabilities spanning electric power, electromechanical actuation, electric and hydraulic braking, flight controls, and thermal management. Parker is developing technologies that support the transition from centralized hydraulic architectures toward more electrically controlled and localized aircraft systems. Its portfolio includes electromechanical actuation and control, electric motors and controllers, high-power solid-state distribution, battery and motor thermal management, and localized hydraulic powerpacks. Parker also develops lightweight lithium battery technologies intended to address the higher energy-storage requirements of more-electric platforms. This combination of motion control, electrical systems, and thermal management capabilities supports its participation across commercial, military, and emerging electrified aircraft programs.
Market Ranking
The competitive assessment indicates that Safran SA, Honeywell Aerospace, RTX Corporation, and GE Aerospace have strong positions in the more electric aircraft market due to their broad exposure across electrical power generation, conversion, distribution, and system integration. Safran benefits from its presence across electrical equipment, wiring, electric braking, and aircraft-program integration, while Honeywell combines a large aerospace installed base with power generation and emerging high-power electrical technologies. RTX through Collins Aerospace has significant strength in aircraft generators and solid-state power distribution, while GE Aerospace maintains broad capabilities across generation, conversion, distribution, and advanced SiC-based power electronics.
Related Reports:
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
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