Aircraft Electrical System Market to Record CAGR of 7.93% Over 2025-2032; Increasing Use of Electric and Hybrid-Electric Propulsion Systems to Bolster Market Growth

The aircraft electrical system market size was valued at USD 22.00 billion in 2024 and is expected to reach USD 23.54 billion by 2025. The market is projected to reach USD 40.16 billion by 2032, recording a CAGR of 7.93% during 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Aircraft Electrical System Market Size, Share & Industry Analysis, By Platform (Fixed-Wing and Rotary-Wing), By Component (Generators, Conversion Devices, Distribution Devices, Battery Management Systems, and Others), By Application (Power Generation Management, Flight Control & Operation, Cabin System, Configuration Management, and Air Pressurization & Conditioning), By Technology (Conventional, Electric, and Others), By End User (OEM and Aftermarket) and Regional Forecast, 2025-2032”.

An aircraft electrical system refers to a self-contained set of electric components that are used to generate, distribute, use, and store electricity to power aircraft. Generators and alternators are the main components widely used to generate electricity. The rising utilization of lightweight wiring systems in commercial planes and innovations in high-density batteries used in electric aircraft will increase the use of aircraft electrical systems.

JetZero Partnered With Tier-One Suppliers to Obtain Components for Flight Control Systems

JetZero announced that it had finalized its collaboration with tier-one suppliers to obtain vital components of flight control systems on its full-scale Blended Wing Body (BWB) demonstrator. The execution of these agreements marked a crucial step in the company’s path toward construction and demonstration. The test flights are scheduled to take place in 2027.

Increasing Use of Electric and Hybrid-Electric Propulsion Systems to Bolster Market Growth

The demand for fully electric and hybrid electric aircraft has increased considerably in recent years as the aviation industry is taking various measures to reduce its carbon emissions. This factor has fueled the production of fully electric and hybrid-electric propulsion systems, which has ultimately boosted the need for advanced electrical systems that will play a key role in managing power and propulsion effectively. Using hybrid-electric propulsion systems also helps manufacturers reduce the overall weight of their aircraft and optimize their fuel consumption. These advantages will increase their use in electric aircraft, which will eventually bolster the adoption of aircraft electrical systems.

However, stringent regulations can hinder the global aircraft electrical system market growth.

Leading Market Players to Engage in Partnerships and Acquisitions to Enhance Their Production Capacities

Some of the top companies operating in the global aircraft electrical system market are engaging in collaborations, partnerships, and acquisitions to help them launch novel flight navigation and control systems. These strategies will also help them increase their current production capacity to cater to the requirements of a wider customer base.

Notable Industry Development:

• May 2024- Bell Textron Inc. announced that it had chosen Safran Electrical & Power to develop and deliver an electrical power generation solution for the U.S. Army's Future Long Range Assault Aircraft (FLRAA) program. Safran is expected to deliver a cutting-edge high-voltage starter-generator system which is designed to comply the ever-changing electrical demands of military aircraft.

List of the Companies Profiled in the Report:

• Ametek (U.S.)
• Amphenol Corporation (U.S.)
• Astronics Corporation (U.S.)
• Avionic Instruments, LLC (U.S.)
• Bae Systems (U.K.)
• Carlisle Interconnect Technologies (U.S.)
• Crane Aerospace & Electronics (U.S.)
• Eaglepicher Technologies, LLC (U.S.)
• Esterline Technologies (TRANSDIGM GROUP) (U.S.)
• GE Aviation (U.S.)
• Hartzell Engine Technologies (U.S.)
• Honeywell International Inc. (U.S.)
• Meggitt (U.K.)
• Nabtesco Corporation (Japan)
• PBS Aerospace (U.S.)
• Pioneer Magnetics (U.S.)
• Radiant Power Corporation (U.S.)
• Safran (France)
• Thales Group (France)
• United Technologies Corporation (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/aircraft-electrical-system-market-104822

Further Report Findings

• North America dominated the global aircraft electrical system market share in 2024 and might retain its dominance during the forecast period as well. Some of the major factors contributing to the region’s dominance in the global market is the robust expansion of its aerospace industry and rising investments in the sector’s research & development programs.
• The market in Europe is also predicted to showcase notable growth due to the presence of some of the most well-known OEMs, such as Rolls Royce and Airbus. These OEMs are investing in innovative technologies, such as electric propulsion systems, which will fuel the demand for aircraft electrical systems.
• Based on application, the flight control and operation segment held the biggest market share in 2024 owing to the increasing need for high-performance airplanes that are equipped with sophisticated flight control systems.

Table of Segmentation