Aircraft Electrical System Market to Grow at a CAGR of 7.93% During the Forecast Period; Growing Shift Toward Electric and Hybrid Electric Propulsion Systems to Propel Market Expansion

The global aircraft electrical system market size was valued at USD 22.00 billion in 2024. The market is projected to grow from USD 23.54 billion in 2025 to USD 40.16 billion by 2032, exhibiting a CAGR of 7.93% during the forecast period.

Fortune Business Insights™ presents this information in its 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 network of different electric components that are used to transmit, generate, utilize and store electrical energy and electric power. These are engine-driven and powered by components including Auxiliary Power Unit (APU), a Ram Air Turbine (RAT) and a hydraulic motor. Additionally, the growing use of lightweight wiring across the commercial aircraft and modernization in high-density battery solutions for the electric aircraft contributes to market growth.

GE Aerospace Signed Service Agreement with Emirates to Aid in Electrical Load Management System

In October 2024, GE Aerospace signed  a 10-year, multi-million-dollar services agreement with Emirates. This will support aid in integrating electrical load management system in its Boeing 777 fleet.

Growing Need for High-Performance Aircraft Augments Market Growth

One of the major factors driving aircraft electrical system market growth is growing demand for high-performance aircrafts with high efficiency and precise flight control systems. Recent aircraft delivered by major OEMs are well-equipped with advanced technology and aids in accurate flight control. These also improve the navigation, ease operations and ensure optimum fuel savings. Different airlines have also stated demand for aircraft that operate at minimum cost, leading to a growth in demand for effective aircraft flight systems with the latest digital technology.

Conversely, the strict regulations around flight control systems is hindering market growth.

Top Players Emphasize on Introducing Technologically Advanced Products to Strengthen Their Market Presence

The global market includes various key players that prioritize advancing their product offerings. These companies focus on offering a wide range of solutions and increased investment in research and development. They also focus on developing advanced technologies that upgrade the autonomy level of aircrafts.

Notable Industry Development

• February 2025: Safran Electrical & Power and Safran Ventilation Systems gained two agreements with Emirates Airline. This focuses on offering maintenance support for the electrical power generation and onboard ventilation systems that are integrated across the carrier’s Airbus A380 fleet.

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 held the highest aircraft electrical system market share, attributed to the growing demand for the product by large commercial fleets, growing electrification upgrades and increasing defense spending across the region.
• Market growth in Europe is driven by modernization of defense and strict efficiency targets by government and defense agencies.
• Market expansion in Asia Pacific is propelled by fleet expansion, growing aerospace programs and airport growth across the regions.
• In terms of components, the generators segment led the market, as there is an increasing demand for efficient power generation across rotary-wing and fixed-wing aircrafts.

Table of Segmentation