Global Aircraft Electrification Market Size Study & Forecast, by Technology, Component, Application, System, Platform, and Regional Forecasts 2025-2035

Description

The Global Aircraft Electrification Market is estimated at approximately USD 8.96 billion in 2024 and is expected to register an impressive compound annual growth rate (CAGR) of more than 14.30% over the forecast period from 2025 to 2035. Aircraft electrification is swiftly transforming the aviation industry by redefining how power is distributed and utilized across platforms, with electric propulsion systems, energy-efficient components, and hybrid configurations revolutionizing next-generation flight. As the global aerospace ecosystem intensifies its push toward sustainability, electrification has emerged as a pivotal solution to reduce dependency on fossil fuels, improve fuel economy, and achieve net-zero carbon emission goals. The rise in regulatory pressure, coupled with robust investments in electric aviation startups and initiatives by major OEMs, is propelling market demand to new heights.

The increasing urgency to decarbonize aviation is compelling key industry players to double down on research and development of More Electric Aircraft (MEA) systems, hybrid propulsion technologies, and fully electric aircraft. Rapid advancements in battery energy density, superconducting motors, and lightweight high-voltage systems are pushing the performance envelope, enabling longer range and increased payload capacity for electric aircraft. Additionally, urban air mobility (UAM) concepts and unmanned aerial vehicles (UAVs) are leveraging electric propulsion to unlock quieter, cleaner, and cost-effective operations, sparking a surge of interest in Advanced Air Mobility (AAM) platforms across densely populated megacities. Governmental support through funding programs, sustainability targets, and clean aviation policies are further bolstering development and adoption across commercial and defense segments alike.

Regionally, North America is projected to dominate the Aircraft Electrification Market by 2025, owing to its strong aerospace manufacturing base, established infrastructure for testing and certifying electric aircraft, and substantial government initiatives supporting clean aviation technologies. The U.S., in particular, continues to lead in the integration of electric systems across both commercial and military aircraft fleets. Meanwhile, Europe is poised for significant growth, driven by its Green Deal mandates and strategic aviation decarbonization objectives. Countries such as Germany, France, and the UK are witnessing heightened collaboration between public agencies and aerospace giants to develop electric regional aircraft. Asia Pacific, led by China and Japan, is expected to witness the fastest growth during the forecast period due to aggressive investments in electric propulsion R&D, a booming aviation market, and a strong manufacturing pipeline for next-gen aircraft.

Major market players included in this report are:

Honeywell International Inc.
Raytheon Technologies Corporation
Boeing
Thales Group
GE Aerospace
Rolls-Royce Holdings plc
Safran S.A.
Airbus SE
BAE Systems
L3Harris Technologies
GKN Aerospace
Lockheed Martin Corporation
Embraer
Bye Aerospace
Pipistrel

Global Aircraft Electrification Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Technology:

More Electric
Hybrid Electric
Fully Electric

By Component:

Power Electronics
Electric Actuators
Electric Motors
Distribution Systems
Batteries
Fuel Cells
Others

By Application:

Propulsion
Power Generation
Cabin Systems
Environmental Control Systems
Landing Gear Systems
Flight Control Systems
Avionics
Others

By System:

Power Generation
Power Distribution
Power Conversion
Energy Storage

By Platform:

Commercial Aviation
Military Aviation
Business & General Aviation
UAV
Advanced Air Mobility (AAM)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Aircraft Electrification Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Aircraft Electrification Market Forces Analysis

3.1. Market Forces Shaping the Global Aircraft Electrification Market 2024-2035
3.2. Drivers
- 3.2.1. Regulatory Push for Carbon-Neutral Aviation
- 3.2.2. Breakthroughs in Battery Energy Density
- 3.2.3. Rising Demand for Urban Air Mobility (UAM) Solutions
3.3. Restraints
- 3.3.1. High R&D and Certification Costs
- 3.3.2. Limited Charging and Ground-Support Infrastructure
- 3.3.3. Technology Maturity and Reliability Concerns
3.4. Opportunities
- 3.4.1. Integration of AI-Driven Power Management Systems
- 3.4.2. Expansion of Advanced Air Mobility (AAM) Platforms
- 3.4.3. Partnerships Between OEMs and Energy Providers

Chapter 4. Global Aircraft Electrification Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Forces Forecast Model 2024-2035
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies 2025
4.6. Market Share Analysis 2024-2025
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Aircraft Electrification Market Size & Forecasts by Technology (2025-2035)

5.1. Market Overview
5.2. More Electric
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. Hybrid Electric
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Fully Electric
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Aircraft Electrification Market Size & Forecasts by Application (2025-2035)

6.1. Market Overview
6.2. Propulsion
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Cabin Systems
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Environmental Control Systems
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Avionics & Other Systems
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Aircraft Electrification Market Size & Forecasts by Region (2025-2035)

7.1. Market, Regional Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Aircraft Electrification Market
- 7.3.1. U.S. Aircraft Electrification Market
  - 7.3.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada Aircraft Electrification Market
  - 7.3.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.4. Europe Aircraft Electrification Market
- 7.4.1. UK Aircraft Electrification Market
  - 7.4.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany Aircraft Electrification Market
  - 7.4.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France Aircraft Electrification Market
  - 7.4.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain Aircraft Electrification Market
  - 7.4.4.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy Aircraft Electrification Market
  - 7.4.5.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe Aircraft Electrification Market
  - 7.4.6.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Aircraft Electrification Market
- 7.5.1. China Aircraft Electrification Market
  - 7.5.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India Aircraft Electrification Market
  - 7.5.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan Aircraft Electrification Market
  - 7.5.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia Aircraft Electrification Market
  - 7.5.4.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea Aircraft Electrification Market
  - 7.5.5.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific Aircraft Electrification Market
  - 7.5.6.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Aircraft Electrification Market
- 7.6.1. Brazil Aircraft Electrification Market
  - 7.6.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico Aircraft Electrification Market
  - 7.6.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.7. Middle East & Africa Aircraft Electrification Market
- 7.7.1. UAE Aircraft Electrification Market
  - 7.7.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia Aircraft Electrification Market
  - 7.7.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa Aircraft Electrification Market
  - 7.7.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.4. Rest of Middle East & Africa Aircraft Electrification Market
  - 7.7.4.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.4.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Honeywell International Inc.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Portfolio
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Raytheon Technologies Corporation
8.4. Boeing
8.5. Thales Group
8.6. GE Aerospace
8.7. Rolls-Royce Holdings plc
8.8. Safran S.A.
8.9. Airbus SE
8.10. BAE Systems
8.11. L3Harris Technologies
8.12. GKN Aerospace
8.13. Lockheed Martin Corporation
8.14. Embraer
8.15. Bye Aerospace
8.16. Pipistrel