PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2136427
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2136427
The growing emphasis on reducing aircraft fuel consumption, improving operational efficiency, and lowering emissions is driving growth in the more electric aircraft market.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2020-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD Billion) |
| Segments | By Platform, System, Application and Region |
| Regions covered | North America, Europe, APAC, RoW |
Demand is rising due to a number of factors, including increasing aircraft production, replacement of conventional hydraulic and pneumatic systems with electrically powered systems, growing adoption of high-voltage electrical architectures, and increasing use of electrically driven actuators, pumps, environmental control systems, and power management systems. Aircraft manufacturers are also increasing electrical power requirements onboard new-generation commercial and military platforms to support avionics, cabin systems, and mission equipment.

The more electric aircraft market is projected to reach USD 5.95 billion in 2026 and USD 8.66 billion by 2031, at a CAGR of 7.8% during the forecast period. Growth is being supported by higher deliveries of new-generation aircraft, increasing electrical content per aircraft, replacement of mechanically driven accessories, adoption of starter-generators and advanced generators, and greater utilization of power electronics for conversion and distribution. Development of high-voltage DC architectures, electric actuation systems, solid-state power distribution, and improved energy-storage technologies is expected to further drive the market across commercial aviation and military aviation.
"Fixed-Wing Platform Segment to Hold Largest Market Share During Forecast Period"
Fixed-wing aircraft are projected to account for the largest share of the more electric aircraft market during the forecast period due to substantially higher commercial aircraft production volumes and greater electrical system content compared with most rotary-wing platforms. Narrow-body and wide-body aircraft increasingly incorporate electrically powered environmental control equipment, electric braking, advanced generators, electrically driven pumps, electronic power distribution, and electric actuation technologies. The continued production ramp-up of major commercial aircraft programs is expected to increase demand for generators, power conversion equipment, distribution devices, actuators, and other electrical systems. New-generation aircraft platforms also require higher levels of electrical power to support avionics, passenger systems, and aircraft functions traditionally driven through pneumatic or hydraulic architectures. These factors are expected to maintain the dominance of fixed-wing aircraft throughout the forecast period.
"Civil End User Segment to Record Significant Growth During Forecast Period"
The civil aviation segment is expected to account for a major share of incremental more electric aircraft demand due to increasing commercial aircraft production, airline fleet renewal, and rising adoption of electrically intensive aircraft architectures. Narrow-body aircraft are expected to represent a particularly important demand base due to high annual delivery volumes and large order backlogs across major aircraft OEMs. Demand is also expected to increase across wide-body aircraft, regional aircraft, and business aviation as manufacturers focus on reducing aircraft weight, fuel burn, and maintenance requirements. Electrification of secondary aircraft systems allows OEMs to reduce dependence on centralized hydraulic and pneumatic systems while enabling improved system control, monitoring, and efficiency.
"North America to Hold Substantial Share During Forecast Period"
North America is projected to remain a major more electric aircraft market supported by a mature aerospace manufacturing base, strong commercial and military aircraft production, and the presence of major aircraft electrical system suppliers. The region has significant capabilities in aircraft generators, power electronics, electric actuation, electrical distribution, environmental control systems, and aircraft power management. The region also benefits from continued investment in next-generation aircraft architectures and increasing adoption of high-voltage electrical systems. Commercial fleet renewal, defense aircraft procurement, and technology development programs are expected to support demand for advanced electrical systems during the forecast period.[AB1.1]
Safran SA (France), Honeywell Aerospace (US), RTX Corporation (US), GE Aerospace (US), Parker Hannifin Corporation (US), and BAE Systems (UK), among others, are the key companies considered in the more electric aircraft market assessment.
This market study evaluates the more electric aircraft market across its principal segments and subsegments and examines the potential of each market across major countries. The study includes an in-depth assessment of key participants, product portfolios, company positioning, integration programs, contract activity, technology developments, procurement trends, and the strategies adopted to strengthen market presence.
The report is intended to help market leaders, suppliers, integrators, and new entrants develop a grounded view of the more electric aircraft revenue opportunity and the competitive environment surrounding it. It supports portfolio planning, market-entry decisions, partner identification, and go-to-market prioritization by combining demand drivers, restraints, country-level procurement signals, technology shifts, and competitive activity in a single market view.