PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1757953
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1757953
Global Aircraft Electrical Conversion Systems Market to Reach US$1.4 Billion by 2030
The global market for Aircraft Electrical Conversion Systems estimated at US$949.6 Million in the year 2024, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Commercial Aircraft, one of the segments analyzed in the report, is expected to record a 7.8% CAGR and reach US$899.7 Million by the end of the analysis period. Growth in the Helicopter segment is estimated at 4.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$258.7 Million While China is Forecast to Grow at 10.6% CAGR
The Aircraft Electrical Conversion Systems market in the U.S. is estimated at US$258.7 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$292.3 Million by the year 2030 trailing a CAGR of 10.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Global Aircraft Electrical Conversion Systems Market - Key Trends & Drivers Summarized
Why Are Aircraft Electrical Conversion Systems Central to Power Distribution, Energy Efficiency, and Platform Electrification Across Aviation Segments?
Aircraft electrical conversion systems-comprising inverters, converters, rectifiers, and power conditioning units-are essential for transforming and managing onboard electrical power across multiple voltage levels and frequency domains. These systems ensure that energy generated from various sources, such as engines, auxiliary power units (APUs), and batteries, is efficiently distributed to power avionics, lighting, flight control systems, galleys, and increasingly, electrically driven propulsion components. Their reliability is mission-critical, especially as modern aircraft adopt more electric architectures to reduce fuel burn, maintenance costs, and environmental impact.
As aircraft systems transition from pneumatic and hydraulic to electrically actuated alternatives, demand for high-performance electrical conversion systems is growing across commercial aviation, military platforms, business jets, and emerging eVTOLs. Whether in traditional fixed-wing aircraft or next-generation electric aircraft, these systems support platform autonomy, redundancy, and energy optimization, making them fundamental to both legacy fleet upgrades and clean-sheet aircraft design.
How Are Modular Architectures, Wide Bandgap Semiconductors, and Thermal Management Advancing System Capabilities?
Next-generation aircraft electrical conversion systems are being designed with modular, scalable architectures that support redundancy, fault tolerance, and seamless integration with onboard energy storage and distribution systems. The adoption of wide bandgap semiconductors-such as silicon carbide (SiC) and gallium nitride (GaN)-is significantly improving power density, conversion efficiency, and weight reduction. These materials enable high-voltage, high-frequency operation with reduced thermal loss, addressing key performance bottlenecks in high-demand applications like electric propulsion and high-power avionics.
Thermal management is also a critical area of innovation. Advanced heat sinks, liquid cooling solutions, and integrated thermal monitoring are enhancing the reliability and lifespan of electrical conversion components under extreme operational conditions. These developments are especially vital in high-altitude and high-temperature environments, where compact form factors and continuous duty cycles place intense demands on power electronics.
Which Aircraft Categories, Electrification Programs, and Regional Markets Are Driving Demand for Electrical Conversion Systems?
Wide-body and narrow-body commercial aircraft are major users of electrical conversion systems, particularly as newer models like the Boeing 787 and Airbus A350 adopt more electric subsystems. Regional jets and business aircraft also rely on these systems to manage increasingly complex electrical loads tied to cabin comfort, connectivity, and flight automation. In the defense sector, advanced fighters, surveillance drones, and tactical transport platforms require ruggedized conversion systems with high EMI resistance and mission-ready redundancy.
Emerging platforms such as hybrid-electric and all-electric aircraft-including eVTOLs and regional air mobility solutions-represent a fast-growing market segment. These aircraft depend entirely on compact, high-efficiency electrical conversion systems to interface between onboard batteries, generators, and distributed electric propulsion units.
North America and Europe are leading adopters, supported by strong aerospace OEM ecosystems, electrification R&D investments, and stringent efficiency regulations. Asia-Pacific is expanding rapidly, driven by growing aircraft production capacity in China, India, and Japan, while the Middle East is investing in electric aviation infrastructure as part of broader sustainability transitions.
What Strategic Role Will Aircraft Electrical Conversion Systems Play in Supporting Electrified Propulsion, Digital Avionics, and Aviation Sustainability?
Electrical conversion systems are foundational enablers of aviation’s shift toward electrification, autonomy, and decarbonization. As electric taxiing, fly-by-wire actuation, and electric propulsion become more prevalent, the reliability and intelligence of power conversion units will be central to ensuring platform safety, performance, and scalability. Their role extends to powering emerging avionics, radar systems, and satellite communications that require stable, uninterrupted power delivery across increasingly digitized aircraft environments.
In sustainable aviation, efficient power conversion directly supports emission reduction targets by enabling the replacement of fossil fuel-dependent subsystems. Integration with onboard energy management and smart grid-compatible ground infrastructure will further extend their value chain. Could aircraft electrical conversion systems become the invisible backbone of zero-emissions aviation-bridging conventional platforms with the electrified future of flight?
SCOPE OF STUDY:
The report analyzes the Aircraft Electrical Conversion Systems market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Aircraft Type (Commercial Aircraft, Helicopter, Military Aircraft); Component (Transformers Component, AC-DC Converters Component, DC-AC Converters Component)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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