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Aircraft Electrical Systems Market
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Aircraft Electrical Systems Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2301046, Published - January 2025

Segmented in Type (Commercial Aircraft, Military Aircraft, General Aviation), Components (AC, DC, Power Conversion Devices, Backup), Functionality, End-user and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Aircraft Electrical Systems
Market Outlook

The worldwide industry for Aircraft Electrical Systems is set to make an advancement with the promising opportunities embedded in this crucial element of contemporary aviation technology advancement on the horizon. The market, for Aircraft electrical systems was estimated at $28.7 billion in 2024. It is anticipated to increase to $41.2 billion by 2030 with projections indicating a growth to around $55.6 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.2% over the forecast period. Their widespread usage is highlighted by the fact that they are essential for a range of applications including engines systems and flight instruments to illumination and entertainment systems on board aircrafts. Showcasing their vital contribution, to the evolution of modern air travel experience.


Airplane electrical systems consist of parts such as power generation and distribution systems along with conversion and storage systems included as well. With the improvements in electronic devices and the increasing interest in electric and hybrid airplanes to reduce environmental harm there is a noticeable shift in market trends, towards more efficient, dependable and lightweight systems.


Market Size Forecast & Key Insights

2019
$28.7B2024
2029
$52.4B2034

Absolute Growth Opportunity = $23.7B

The Aircraft Electrical Systems market is projected to grow from $28.7 billion in 2024 to $52.4 billion in 2034. This represents a CAGR of 6.2%, reflecting rising demand across Power Generation and Distribution, Testing and Troubleshooting and In-Flight Entertainment and Connectivity.

The Aircraft Electrical Systems market is set to add $23.7 billion between 2024 and 2034, with industry players targeting DC & Power Conversion Devices Components projected to gain a larger market share.

With Advancements in more electric aircraft technology, and Increasing demand for new aircrafts, Aircraft Electrical Systems market to expand 82% between 2024 and 2034.

Opportunities in the Aircraft Electrical Systems Market

Integration of Renewable Energy Sources

The aviation industry is starting to incorporate panels and other sources of renewable energy, for power generation.

Advanced Battery Technologies and Electrification of Flight

The emergence of cutting edge battery technologies offers an advantage in the Aircraft Electrical Systems industry as it provides high potential for enhancing fuel efficiency and performance with lightweight and energy rich power sources. As of now Lithium ion batteriesre widely employed but newer innovations such as solid state batteries hold the promise of even more significant advantages. Research is actively exploring eco battery alternatives that could have broad implications, in aviation as well.

The airline sector is putting focus on sustainability by working to reduce its environmental impact through various means such as exploring electric power options for planes like hybrid and all electric aircraft models which offer promising advancements, in aircraft electrical systems design including power distribution setups and energy storage solutions.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's Aircraft Electrical Systems market is well backed by an aircraft manufacturing industry led by major players such as Airbus. The region also thrives due to rising defense expenditures and the embrace of cutting edge aerospace technologies. However cutthroat competition and regulatory constraints create challenges for the market. There are prospects in the trend, towards greener and more fuel efficient aircraft models.

North America Outlook

North America is a player in the aerospace industry and is home to many aircraft manufacturers and airlines. Issued by Articulating the need for aircraft alongside the upgrade of military aircraft has driven growth in the Aircraft Electrical Systems market. However recent market changes have been influenced by competition in pricing and technology. Significant growth prospects are present, in replacement markets, sustainability efforts and the increasing manufacture of hybrid aircraft.

North America Outlook

North America is a player in the aerospace industry and is home to many aircraft manufacturers and airlines. Issued by Articulating the need for aircraft alongside the upgrade of military aircraft has driven growth in the Aircraft Electrical Systems market. However recent market changes have been influenced by competition in pricing and technology. Significant growth prospects are present, in replacement markets, sustainability efforts and the increasing manufacture of hybrid aircraft.

Europe Outlook

In Europe's Aircraft Electrical Systems market is well backed by an aircraft manufacturing industry led by major players such as Airbus. The region also thrives due to rising defense expenditures and the embrace of cutting edge aerospace technologies. However cutthroat competition and regulatory constraints create challenges for the market. There are prospects in the trend, towards greener and more fuel efficient aircraft models.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, United Kingdom, Germany, France, China are expected to grow at 4.0% to 6.0% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 7.1% to 8.6% CAGR

Market Analysis Chart

In years the Aircraft Electrical Systems market has seen significant expansion due to the thriving aerospace sector and advancements in technology aiming for enhanced energy management in aircraft models is on the rise alongside the quest for lighter and more efficient aircraft designs driving the need for reliable and compact electrical systems, in this industry.

Recent Developments and Technological Advancement

December 2024

AeroDynamic Solutions has unveiled a lineup of eco friendly aircraft electrical systems aimed at cutting down on carbon footprint.

October 2024

Honeywell Aerospace achieved an advancement in creating lightweight and high powered electrical systems that are expected to boost energy efficiency, for major commercial airlines.

July 2024

Collins Aerospace from Raytheon Technologies has unveiled a cutting edge aircraft system that smoothly adjusts to changes, in voltage and frequency. This advancement is designed to improve the reliability and safety of flights.

The market for Aircraft Electrical Systems has witnessed technological progress in recent times with a focus on improving efficiency and reliability of systems being a key goal of these advancements. A major breakthrough, in this regard is transitioning from hydraulic and pneumatic systems to advanced more electric aircraft technology. The design of Electric Aircraft aims to decrease weight of aircraft while enhancing performance by optimizing electric system functionality.

Impact of Industry Transitions on the Aircraft Electrical Systems Market

As a core segment of the Aerospace & Defense industry, the Aircraft Electrical Systems market develops in line with broader industry shifts. Over recent years, transitions such as Shift towards More Electric Aircraft and Emergence of High-density Battery Solutions have redefined priorities across the Aerospace & Defense sector, influencing how the Aircraft Electrical Systems market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift towards More Electric Aircraft :

The aviation sector is undergoing a shift towards More Electric Aircraft as it advances. This change brings about benefits such as reduced aircraft weight leading to fuel consumption while also enhancing reliability and cutting maintenance costs. The rising preference for systems over hydraulic or mechanical ones has prompted significant research and development investments in electric power technologies by key industry players—driving expansion, in the Aircraft Electrical Systems market.

2

Emergence of High-density Battery Solutions:

The Aircraft Electrical Systems market is experiencing changes, with the increasing popularity of electrification. This transformation is leading to the innovation and acceptance of high capacity battery solutions.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Aerospace & Defense industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Aerospace & Defense industry cascade into the Aircraft Electrical Systems market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Advancements in More Electric Aircraft Technology, and Impact of Regulatory Requirements

The increasing need for Electric Aircraft technology has also greatly influenced and boosted growth inthe Aircraft Electrical Systems market sector. The integration of this technology improves aircraft efficiency by substituting numerous hydraulic and pneumatic systems, with electrically powered systems. This shift leads to aircraft weight, better fuel economy and lower maintenance expenses.
The strict regulations imposed by governments and international bodies to carbon emissions are also spurring the evolution of environmentally friendly electrical systems in the aviation sector. These rules are also pushing for progress, in aircraft systems to create more energy efficient planes for the future.
The need for air travel worldwide is also on the rise. This is also leading to an increase in orders for new aircraft as older planes are also replaced with more modern and fuel efficient ones The Aircraft Electrical Systems market is also expanding due to this surge, in demand.

Restraint: High Production Costs

One major challenge affecting the Aircraft Electrical Systems market is the nature of production and upkeep costs involved in the process. From development and assembly to installation and upkeep of these systems requires substantial financial investments that may not always be, within reach for companies to manage efficiently. This ultimately hampers firms ability to scale up production significantly and could potentially impede market expansion.

Challenge: Technological Complexities

One significant challenge arises from the technical details of these systems, in aviation industry advancements and updates are ongoing keeping pace with these changes and innovations can be quite challenging this continuous technological progress strains resources significantly potentially hindering market expansion.

Supply Chain Landscape

Raw Materials Procurement

Alcoa Corporation

Norsk Hydro ASA

Component Manufacturing

United Technologies

Safran Group

Electrical System Assembly
Honeywell International Inc. / Thales Group
Installation & Maintenance
The Boeing Company / Airbus S.A.S
Raw Materials Procurement

Alcoa Corporation

Norsk Hydro ASA

Component Manufacturing

United Technologies

Safran Group

Electrical System Assembly

Honeywell International Inc.

Thales Group

Installation & Maintenance

The Boeing Company

Airbus S.A.S

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Power Generation
Aerospace
GE Aviation
Innovation through advanced technology and systems integration
Power Distribution
Aerospace
Honeywell International
Focus on reliability and energy efficiency with proprietary technologies
Auxiliary Power Units (APUs)
Aerospace and Defense
Safran
Customer-centric strategy with high-quality, durable, and low maintenance products
Environmental Control Systems (ECS)
Aerospace and Defense
United Technologies Corporation (UTC)
Emphasis on the development of more electric aircraft (MEA) technology that ensures optimum energy management

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Aircraft Electrical Systems market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Aircraft Electrical Systems in Power Generation and Distribution, Testing and Troubleshooting and In-Flight Entertainment and Connectivity

Power Generation and Distribution

The electrical systems of aircraft are essential for powering and managing functions of the plane such as flight controls and in flight lighting and cabin temperature regulation. They are known for their reliability and effectiveness in maintaining operations during flights. The key players, in this field include GE Aviation and Honeywell International.

Testing and Troubleshooting

The Aircraft Electrical Systems also help in testing and solving issues with the aircrafts electrical parts as needed for maintenance and repair work crucial for ensuring flight safety early detection and prevention of faults provides an edge by reducing the risk of unexpected technical problems during flights Rockwell Collins and Meggitt PLC are major players leading innovation, in this sector

In-Flight Entertainment and Connectivity

Enhanced Aircraft Electrical Systems provide passengers with a selection of in flight entertainment and consistent connectivity throughout their journey on board an aircraft. The systems make sure that movies, games and music can be streamed seamlessly well as access to Wi Fi services. This offers added benefits for aviation companies. Key players, in this field are Thales Group and Panasonic Avionic Corporation.

Aircraft Electrical Systems vs. Substitutes:
Performance and Positioning Analysis

Airplane electrical systems are considered better than options because they provide strong and dependable power while ensuring safety and reliability are top priorities. Even though they may cost initially their efficiency and minimal maintenance requirements set them apart in the market. The aerospace industry shows promising signs of growth thanks, to technological advancements.

Aircraft Electrical Systems
  • Hydraulic Systems /
  • Pneumatic Systems /
  • Mechanical Aircraft Systems
    High reliability, enhanced safety features
    High system complexity, expensive maintenance and repairs
    High energy efficiency, lower maintenance costs
    Complex installation process, high initial capital investment

Aircraft Electrical Systems vs. Substitutes:
Performance and Positioning Analysis

Aircraft Electrical Systems

  • High reliability, enhanced safety features
  • High system complexity, expensive maintenance and repairs

Hydraulic Systems / Pneumatic Systems / Mechanical Aircraft Systems

  • High energy efficiency, lower maintenance costs
  • Complex installation process, high initial capital investment

Airplane electrical systems are considered better than options because they provide strong and dependable power while ensuring safety and reliability are top priorities. Even though they may cost initially their efficiency and minimal maintenance requirements set them apart in the market. The aerospace industry shows promising signs of growth thanks, to technological advancements.

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Research Methodology

This market research methodology defines the Aircraft Electrical Systems market scope, gathers reliable data, and validates findings through integrated primary and secondary research. Our systematic framework ensures precise market sizing, adoption analysis, and competitive benchmarking tailored to solution-driven ecosystems.


Secondary Research Approach


We initiate secondary research by defining the targeted market at both Regional and Country levels. As part of the Aerospace & Defense ecosystem, we analyze Aircraft Electrical Systems across Aircraft Manufacturers and Aftermarket Services Applications. Data is systematically gathered from country level ministerial sources, industry associations & federations, company annual & quarterly reports and other credential sources, allowing us to map solution deployment trends, pricing models, compliance requirements, and technology adoption pathways.


Key Sources Referenced:

International Air Traffic Association (IATA)

EDA - Europe / NATO Publications

Aerospace Industries Association (AIA)

SIPRI / World Bank Database

CFR - Conflict Tracker

Annual Reports / Industry Magazines / Country Level Ministerial Sources

• NAICS - Economic Statistics (US, Canada)

We benchmark competitors such as Honeywell International Inc, Safran S.A, and Thales Group using verified industry reports, customer case studies, company disclosures, and partner ecosystem strategies. Our secondary insights uncover solution-specific drivers and inhibitors, which form the foundation for targeted primary research.


Primary Research Methods


We conduct structured interviews and surveys with solution stakeholders, including Raw Materials Procurement, Component Manufacturing, and Electrical System Assembly. Geographic coverage spans North America (45%), Europe (33%), and Asia-Pacific (22%) and Middle East & Africa (5%). Our online surveys generally achieve a 72% response rate, while expert interviews deliver an 86% engagement level, resulting in a 93% confidence level with ±6.1% margin of error.


Through targeted questionnaires and in-depth interviews, we capture adoption motivators, integration challenges, return-on-investment perceptions, and solution stickiness across enterprise segments. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Adoption-Rate modeling to forecast solution demand with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate global Aerospace & Defense revenues to estimate the Aircraft Electrical Systems segment, leveraging enterprise digitalization budgets and IT spending patterns. In the Bottom-up approach, we aggregate deployment data at the country and vertical levels, considering subscription volumes, integration projects, and solution renewals to forecast regional and global adoption. By reconciling both approaches, we ensure statistical robustness and forecast reliability.


We further map the solution delivery value chain spanning Raw Materials Procurement (Alcoa Corporation, Norsk Hydro ASA), Component Manufacturing (United Technologies, Safran Group), and Electrical System Assembly. Our parallel substitute analysis examines Hydraulic Systems, Pneumatic Systems, and Mechanical Aircraft Systems, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading solution providers such as Honeywell International Inc, Safran S.A, and Thales Group, analyzing their strengths in deployment scalability, integration capabilities, customer retention, and partner ecosystem development. Company revenues, case deployments, and recurring revenue streams are assessed to estimate market shares and clarify competitive positioning.


Our integration of triangulated data, ecosystem mapping, and solution benchmarking, enhanced by our proprietary Directional Superposition methodology, ensures precise forecasts and actionable strategic insights into the Aircraft Electrical Systems market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Aircraft Electrical Systems Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 30.5 billion
Revenue Forecast in 2034USD 52.4 billion
Growth RateCAGR of 6.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202428.7 billion
Growth OpportunityUSD 23.7 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202428.7 billion USD
Market Size 202734.4 billion USD
Market Size 202938.8 billion USD
Market Size 203041.2 billion USD
Market Size 203452.4 billion USD
Market Size 203555.6 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Components, Functionality, End-user
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledHoneywell International Inc, Safran S.A, Thales Group, Zodiac Aerospace, UTC Aerospace Systems, General Electric Company, Esterline Technologies, Liebherr Group, Meggitt PLC, Astronics Corporation, Ametek Inc and Eaton Corporation PLC
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Aircraft Electrical Systems Market Size, Opportunities & Strategic Insights, by Type

4.1Commercial Aircraft
4.2Military Aircraft
4.3General Aviation
Chapter 5

Aircraft Electrical Systems Market Size, Opportunities & Strategic Insights, by Components

5.1AC
5.2DC
5.3Power Conversion Devices
5.4Backup
Chapter 6

Aircraft Electrical Systems Market Size, Opportunities & Strategic Insights, by Functionality

6.1Power Generation
6.2Power Distribution
6.3Energy Storage
6.4Others
Chapter 7

Aircraft Electrical Systems Market Size, Opportunities & Strategic Insights, by End-user

7.1Aircraft Manufacturers
7.2Aftermarket Services
Chapter 8

Aircraft Electrical Systems Market, by Region

8.1North America Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Aircraft Electrical Systems Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Honeywell International Inc
9.2.2Safran S.A
9.2.3Thales Group
9.2.4Zodiac Aerospace
9.2.5UTC Aerospace Systems
9.2.6General Electric Company
9.2.7Esterline Technologies
9.2.8Liebherr Group
9.2.9Meggitt PLC
9.2.10Astronics Corporation
9.2.11Ametek Inc
9.2.12Eaton Corporation PLC