Global Aircraft Electrical Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Platform, Power Generation, Power Distribution, Power Conversion and Energy Storage.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn641170115 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aircraft Electrical Systems Market (USD Million), 2021 - 2031

In the year 2024, the Global Aircraft Electrical Systems Market was valued at USD 24,907.85 million. The size of this market is expected to increase to USD 39,218.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The global aircraft electrical systems market stands at the forefront of aviation technology, embodying the fusion of innovation, safety, and efficiency. As aircraft designs evolve to meet modern demands, electrical systems play an increasingly pivotal role in powering essential functions, from flight controls to in-flight entertainment. This market's growth trajectory is propelled by several key factors, including the rising demand for lightweight and energy-efficient solutions, advancements in electrical components, and the burgeoning aerospace sector driven by commercial and military needs.

In recent years, there has been a notable shift towards more electric aircraft (MEA) architectures, which prioritize electrical power over traditional hydraulic and pneumatic systems. This transition is driven by the quest for enhanced fuel efficiency, reduced emissions, and simplified maintenance schedules. Moreover, the advent of electric propulsion systems, such as electrically powered propulsion and hybrid-electric propulsion, is reshaping the landscape of aircraft electrical systems, promising quieter, cleaner, and more sustainable aviation solutions.

The proliferation of advanced avionics, including fly-by-wire systems, integrated modular avionics (IMA), and electronic flight instrument systems (EFIS), underscores the growing reliance on sophisticated electrical architectures. These technologies not only improve flight safety and situational awareness but also pave the way for autonomous and remotely piloted aircraft, driving demand for robust and resilient electrical systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Region
  4. Global Aircraft Electrical Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Aircraft Technology
        2. Growing Demand
      2. Restraints
        1. High Initial Investment Costs
        2. Stringent Regulatory Standards
      3. Opportunities
        1. Rising Demand for Retrofitting Older Aircraft
        2. Increasing Focus
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aircraft Electrical Systems Market,By Product Type, 2021 - 2031 (USD Million)
      1. Platform
      2. Power Generation
      3. Power Distribution
      4. Power Conversion
      5. Energy Storage
    2. Global Aircraft Electrical Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Honeywell International Inc.
      2. United Technologies Corporation (Collins Aerospace)
      3. Safran Electrical & Power
      4. Thales Group
      5. GE Aviation
      6. Meggitt PLC
      7. Astronics Corporation
      8. Amphenol Corporation
      9. Crane Aerospace & Electronics
      10. TE Connectivity Ltd.
  7. Analyst Views
  8. Future Outlook of the Market