"Aircraft electrical conversion systems market size was USD 1,107.8 million in 2024.”
The market size in 2023 was USD 958.4 million. In 2024, the market experienced a YoY growth of 9.8% to reach a value of USD 1,107.8 million.
The market is expected to reach USD 1,216.5 million in 2025, witnessing an annual growth of 8.0%.
The market size will reach USD 1,443.0 million in 2032, witnessing a market growth (CAGR) OF 2.3% during the forecast period of 2025-2032.
Market Size & Global Forecast: "Aircraft electrical conversion systems market size was USD 1,107.8 million in 2024.” The market size in 2023 was USD 958.4 million. In 2024, the market experienced a YoY growth of 9.8% to reach a value of USD 1,107.8 million. The market is expected to r...
Global Demand Analysis & Sales Opportunities in Aircraft Electrical Conversion Systems Market
The annual demand for aircraft electrical conversion systems was USD 1,107.8 million in 2024 and is expected to reach USD 1,216.5 million in 2025, up 8.0% than the value in 2024.
During the forecast period (2025 to 2032), the aircraft electrical conversion systems market is expected to grow at a CAGR of 2.3%. The annual demand will reach of USD 1,443.0 million in 2032.
During 2025-2032, the aircraft electrical conversion systems industry is expected to generate a cumulative sales opportunity of USD 11030.40 million.
High-Growth Market Segments:
North American region is expected to witness the highest growth over the forecast period.
By Component type, Transformer is likely to be the dominant type in the market during the forecast period.
By Aircraft type, Commercial Aircraft is likely to maintain its market dominance in the coming years
Market Statistics
Have a look at the sales opportunities presented by the aircraft electrical conversion systems market in terms of growth and market forecast.
Aircraft Electrical Conversion Systems Market Data & Statistics
Market Statistics
Value (in USD Million)
Market Growth (%)
Annual Market Size in 2023
USD 958.4 million
-
Annual Market Size in 2024
USD 1,107.8 million
YoY Growth in 2024: 9.8%
Annual Market Size in 2025
USD 1,216.5 million
YoY Growth in 2025: 8.0%
Annual Market Size in 2032
USD 1,443.0 million
CAGR 2025-2032: 2.3%
Cumulative Sales Opportunity during 2025-2032
USD 11030.40 million
-
Top 10 Countries’ Market Share in 2024
USD 886 million+
> 80%
Top 10 Company’s Market Share in 2024
USD 553 million to 776 million
50% - 70%
Market Dynamics
Introduction:
What are aircraft electrical conversion systems?
Aircraft electrical conversion systems are systems that manage and convert electrical power on an aircraft to ensure that all onboard electrical equipment receives the correct type and level of power. Modern aircraft use a combination of AC (alternating current) and DC (direct current) systems, and these conversion systems ensure compatibility between different components and optimize the efficiency and reliability of the electrical network.
These systems typically include transformers, rectifiers, inverters, and power distribution units. For example, a rectifier converts AC power from the aircraft’s generators to DC power for avionics or battery charging, while an inverter converts DC power back to AC for equipment that requires it. Aircraft electrical conversion systems are essential for powering flight instruments, lighting, navigation systems, communication devices, and other critical onboard systems, ensuring safe and reliable operation throughout the flight.
Market Drivers:
The increasing demand for more efficient and reliable electrical systems in aircraft.
The increasing need for more fuel-efficient and eco-friendly aircraft, and electric aircraft thus.
Advancements in high-density battery solutions for electric aircraft.
Optimized aircraft performance through increased use of electric technology.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Component-Type
Transformers, AC-DC Converters, and DC-AC Converters
Transformer is expected to remain the largest segment of the market during the forecast period.
Aircraft-Type
Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV
Commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World)
North America is likely to remain the largest market during the forecast period.
By Component Type
"The transformer segmentaccounted for the largest market share."
The market is classified as transformers, AC-DC converters (TRU & ATRU), and DC-AC converters (inverters). Among these components, the transformer is expected to remain the largest segment of the market, and it will hold a revenue share of more than 50% during the forecast period.
AC/DC power converters are a type of electrical conversion device that converts AC to DC. On the other hand, as a result of their usage, AC-DC converters are likely to witness the highest growth in the market during the forecast period.
By Aircraft Type
"The commercial aircraft segmentaccounted for the largest market share."
The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. Among these aircraft types, commercial aircraft is expected to remain the most dominant and fastest-growing aircraft type in the market, and it will hold a revenue share of more than 50% during the forecast period.
Commercial aircraft alone generate the demand for more than half of the electrical conversion systems used in the aircraft industry. The aircraft type is currently going through one of its hardest times with multiple setbacks. However, the industry stakeholders are accustomed to such breathtaking market conditions and have learned the art of sailing through the crisis.
Regional Analysis
"North Americaaccounted for the largest market share."
North America is likely to remain the largest market, and it will hold a revenue share of more than 45% during the forecast period, due to the increasing demand for commercial as well as military aircraft in the region.
The region is the biggest demand generator for general aviation, UAVs, military aircraft, and helicopters, and one of the largest generators for commercial aircraft. This makes the region the most preferred manufacturing/assembly destination for aircraft. Asia-Pacific is currently a small market but is likely to exhibit the highest growth in the coming years, driven by China, Japan, and India.
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the aircraft electrical conversion systems market -
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
COVID-19 impact and its recovery curve.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
Market Study Period
2019-2032
Base Year
2024
Forecast Period
2025-2032
Trend Period
2019-2023
Number of Tables & Figures
>100
Number of Segments Analysed
3 (Component Type, Aircraft Type, and Region)
Number of Regions Analysed
4 (North America, Europe, Asia-Pacific, Rest of the World)
Countries Analysed
15 (The USA, Canada, Mexico, Germany, France, Italy, The UK, China, Japan, India, Brazil, Saudi Arabia, Rest of Europe, Rest of APAC, and Rest of the World)
Free Customization Offered
10%
After Sales Support
Unlimited
Report Presentation
Complimentary
Market Dataset
Complimentary
Further Deep Dive & Consulting Services
10% Discount
Market Segmentation
This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The aircraft electrical conversion systems market is segmented into the following categories.
By Component Type
AC-DC Converters
Transformers
DC-AC Converters
By AircraftType
Commercial Aircraft
Regional Aircraft
General Aviation
Helicopter
Military Aircraft
UAV
By Region
North America (Country Analysis: USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Aircraft Electrical Conversion Systems market realities and future market possibilities for the forecast period.
The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
Conversion systems form an important element in an aircraft overall electrical systems. They are responsible for the conversion of the electrical power produced by generators from one voltage to another and from AC to DC (and vice-versa). Conversion systems are comprised of transformers, AC-DC converters (including transformer rectifier units and autotransformer rectifier units), and DC-to-AC converters (or inverters).
Aircraft electrical conversion systems market size was USD 1,107.8 million in 2024 and is expected to grow from USD 1,216.5 million in 2025 to USD 1,443.0 million in 2032, witnessing an impressive market growth (CAGR) of 2.3%during the forecast period (2025-2032).
Commercial aircraft is expected to remain the most dominant as well as the fastest-growing aircraft type in the market and it holds a revenue share of more than 52% during the forecast period.
The increasing demand for more efficient and reliable electrical systems in aircraft,
The market is expected to experience significant growth in the coming years due to the increasing need for more fuel-efficient and eco-friendly aircraft,
Advancements in high-density battery solutions for electric aircraft, Optimized aircraft performance through the use of more electric technology.