Aircraft Electrical Systems Market is Forecasted to Reach US$ 5.5 Billion in 2032, Says Stratview Research

The global aircraft electrical systems market is projected to witness a growth rate of 4.96% annually from 2025 to 2032, with an anticipated size of US$ 5.5 billion by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft electrical systems market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Aircraft Electrical Systems Market:

The report dives deep into the segmentation of the Aircraft Electrical Systems market based on critical parameters:

Based on Aircraft Type - The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. Commercial aircraft is expected to remain the dominant as well as the fastest-growing segment of the market and it held a revenue share of more than 55% in 2024. Commercial aircraft registered an enormous decline in the year 2020 factored by struggling industry paired with the pandemic’s impact. Now, it is anticipated that the aircraft type will mark excellent growth in order to heal up the losses endured during 2020, leading to extraordinary growth in the near future. Upcoming aircraft programs, such as C919 and MC-21, are likely to give additional impetus to the demand for electrical systems in the coming years.

Based on the System Type - The aircraft electrical systems market is classified as electrical generation systems, electrical distribution systems, electrical conversion systems, and electrical storage systems. Among different electrical systems, the electrical distribution system accounted for a revenue share of more than 40% in 2024, owing to the reason that they are the primary source of electrical power in an aircraft.

In addition to that, the development of high-thrust aircraft engines, an increase in the demand for greater efficiency, and the development of highly integrated electrical power generation systems are expected to drive growth during the forecast period.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

North America is expected to remain the largest market for aircraft electrical systems and it held a revenue share of more than 45% in 2024. This region is home to a large number of aircraft industry stakeholders. Most of the major players are either headquartered in the region or have a manufacturing base in the region to serve the huge demand.

Europe, on the other hand, is the second-largest market after North America. The region is the home of Airbus stakeholders. Airbus has already revealed their plans for rapidly increasing the production rates of their key aircraft programs in the near future, asserting the entire’s region recovery trajectory in the near future.

Asia-Pacific remains the hotspot of the aerospace industry about all systems/components. All the leading OEMs and tier players have already moved into some of the preferred locations, especially in China, India, and Japan, for the manufacturing/assembly of parts/systems/aircraft. Furthermore, huge efforts exerted by Chinese, Indian, and Japanese conglomerates about the development of aircraft indigenously further blossom the demand for electrical systems in the coming years.

Aircraft Electrical Systems Market Drivers:

Some of the key drivers listed in the report are given below.

• The need for efficient new-generation aircraft and innovations in electric power plants.
• Expansion in the commercial aviation industry increases its market, due to increasing air travel and growth in the defense industry and expenditures.
• Advances in lightweight electrical vehicles’ automotive electronics that lead to high-performance efficiency, cut emissions. However, there are some drawbacks such as increased regulation standards and high costs of development. The market driver relating to aircraft efficiency is the quest to have more electric aircraft to enhance fuel efficiency thus reducing the effects on the environment.

Top Companies in the Aircraft Electrical Systems Market:

The global market for Aircraft Electrical Systems is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

-          Thales Group

-          Crane Aerospace & Electronics

-          Safran Group

-          Collins Aerospace (Raytheon Technologies Corporation)

-          Honeywell International Inc.

-          GE Aviation

-          AMETEK.Inc.

-          Skurka Aerospace, Inc

-          Astronics Corporation

-          Meggitt PLC

Note: The above list does not necessarily include all the top players in the market.

What Deliverables Will You Get in this Report?

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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