Global Aircraft Electrical Systems Market Segmentation, By System (Power Generation, Power Distribution, Power Conversion, and Energy Storage), Component (Generators, Conversion Devices, Distribution Devices, and Battery Management Systems), Application (Power Generation Management, Flight Control and Operation, Cabin System, Configuration Management, and Air Pressurization and Conditioning), Technology (Conventional, More Electric and Electric), Platform (Commercial Aviation, Military Aviation and Business, and General Aviation), Distribution Channel (OEM and Aftermarket) – Industry Trends and Forecast to 2031.
Aircraft Electrical Systems Market Analysis
The aircraft electrical systems market is experiencing significant growth driven by advancements in aerospace technology and increasing demand for efficient, reliable, and high-performance electrical systems in aviation. The market is bolstered by the expanding global aviation sector, which requires sophisticated electrical systems to support a wide range of functions, including avionics, communication, navigation, lighting, and in-flight entertainment. As airlines and aircraft manufacturers focus on enhancing operational efficiency and safety, there is a growing emphasis on upgrading and modernizing electrical systems to meet these demands. The market is also influenced by the rise in air travel and the expansion of both commercial and military aircraft fleets. The need for reliable and advanced electrical systems is growing as airlines invest in new aircraft and retrofit existing ones with modern technology to improve efficiency, safety, and passenger experience. Furthermore, regulatory requirements and safety standards are driving the demand for advanced electrical systems that can ensure compliance and enhance operational reliability.
Aircraft Electrical Systems Market Size
Global aircraft Electricalsystems market size was valued at USD 22.20 billion in 2023 and is projected to reach USD 35.65 billion by 2031, with a CAGR of 6.1% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Aircraft Electrical Systems Market Trends
“Demand for Enhanced Passenger Experience”
The aviation industry is increasingly prioritizing the enhancement of passenger experience, a major market trend driving the demand for advanced aircraft electrical systems. As airlines aim to distinguish themselves and attract more travelers, there is a significant focus on improving in-flight entertainment and cabin amenities. Modern electrical systems are essential for delivering these enhanced features, which are crucial for ensuring a comfortable and enjoyable flying experience. For instance, the International Air Transport Association (IATA) reported that the recovery in air travel persisted through December 2022 and throughout the entire year. Total traffic for 2022, measured in revenue passenger kilometers (RPKs), increased by 64.4% compared to 2021. This surge in passenger numbers underscores the growing importance of enhancing the flying experience to meet rising consumer expectations.
Advanced in-flight entertainment systems, which include high-definition screens, personalized content, and connectivity options, rely heavily on sophisticated electrical systems to function effectively. These systems provide passengers with a range of entertainment options, from movies and music to internet access and live TV, all of which require robust electrical support. Additionally, improved cabin systems such as mood lighting, climate control, and noise-cancellation technology enhance passenger comfort and overall flight satisfaction. In addition, the demand for an enhanced passenger experience is a significant driver of innovation in aircraft electrical systems.
Report Scope and Market Segmentation
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Attributes
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Aircraft Electrical Systems Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Key Market Players
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AMETEK, Inc. (U.S.), Thales Group (France), Astronics Corporation (U.S.), Acme Aerospace Inc. & Avionic Instruments, LLC (U.S.), EaglePicher Technologies (U.S.), Honeywell International, Inc. (U.S.), Allied Motion, Inc. (U.S.), Altra Industrial Motion Corp. (U.S.), ARC Systems Inc. (U.S.), Electromech Technologies (India), FAULHABER MICROMO, LLC (U.S.), H3X Technologies Inc. (U.S.), magniX (U.S.), maxon (Switzerland), Meggitt PLC (U.K.), Moog Inc. (U.S.), Rolls-Royce plc (U.K.), and Safran (France)
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Market Opportunities
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Value Added Data Infosets
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Aircraft Electrical Systems Market Definition
Aircraft electrical systems encompass the complex network of electrical components and circuits that power and control various functions within an aircraft. These systems are essential for the safe and efficient operation of modern aircraft, providing the necessary electrical power for avionics, navigation, communication, lighting, and other critical systems.
Aircraft Electrical Systems Market Dynamics
Drivers
- Increasing Demand for More Electric Aircraft (MEA)
The aviation industry is witnessing a significant shift towards More Electric Aircraft (MEA) as a part of broader efforts to enhance efficiency, reduce emissions, and minimize operational costs. MEA relies more heavily on electrical systems to power various functions that were traditionally managed by hydraulic, pneumatic, or mechanical systems. This transition drives the demand for advanced aircraft electrical systems capable of supporting the higher power requirements and increased complexity of modern aircraft. The push towards MEA is also driven by regulatory pressures to reduce greenhouse gas emissions and improve fuel efficiency, making the adoption of more sophisticated electrical systems not just a technological trend but a necessity for the future of aviation.
- Technological Advancements in Electrical Systems
Continuous advancements in electrical system technologies, including improvements in power generation, distribution, and energy storage, are key drivers of the market. Innovations such as more efficient generators, lighter and more durable wiring, and advanced power management systems enable the development of electrical systems that can handle the increased demands of modern aircraft. Additionally, advancements in energy storage solutions, such as high-density batteries and supercapacitors, support the growing trend towards hybrid and electric propulsion in aircraft. These technological improvements not only enhance the performance and reliability of aircraft electrical systems but also contribute to reducing overall aircraft weight and improving fuel efficiency.
Opportunities
- Adoption of Hybrid and Electric Propulsion Systems
The growing interest in hybrid and fully electric propulsion systems presents a significant opportunity for the aircraft electrical systems market. As the aviation industry moves towards greener and more sustainable technologies, the demand for electrical systems that can support these new propulsion methods is expected to rise. Hybrid and electric aircraft require advanced electrical systems for power management, energy distribution, and propulsion control, creating opportunities for companies specializing in electrical components and systems. This shift towards electric propulsion also opens up new markets, including urban air mobility (UAM) and regional electric aircraft, further expanding the potential for growth in the electrical systems market.
- Growth of the Commercial Aviation Sector
The commercial aviation industry in emerging markets, particularly in Asia-Pacific and Latin America is witnessing rapid economic development, leading to increased air travel demand and the growth of local airlines. As airlines in these markets expand their fleets, there will be a heightened demand for new aircraft equipped with advanced electrical systems. Moreover, governments in emerging markets are investing in the development of aviation infrastructure and encouraging the adoption of modern, fuel-efficient aircraft, further driving the demand for sophisticated electrical systems. Companies that can effectively penetrate these markets and cater to the specific needs of local airlines stand to gain a substantial market share. The expansion of the commercial aviation industry in these markets offers significant growth opportunities for the aircraft electrical systems market.
Restraints/Challenges
- High Development and Implementation Costs
The design and integration of cutting-edge electrical systems require substantial investment in research and development, testing, and certification processes. These costs are often passed on to aircraft manufacturers and, ultimately, to airlines, making the adoption of newer technologies a significant financial burden. Additionally, retrofitting existing aircraft with advanced electrical systems can be costly and complex, further restraining market growth.
- Complexity in Integration and Maintenance
The increasing complexity of modern aircraft electrical systems poses challenges in terms of integration and maintenance. As aircraft become more reliant on electrical systems for various functions, ensuring seamless integration with other onboard systems, such as avionics, propulsion, and environmental controls, becomes more challenging. This complexity also extends to maintenance, as more sophisticated electrical systems require specialized knowledge and training for maintenance personnel. Any issues or failures in electrical systems can lead to significant operational disruptions, posing safety risks and financial losses for airlines.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Aircraft Electrical Systems Market Scope
The market is segmented on the basis of system, component, application, technology, platform, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
System
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
Component
- Generators
- Conversion Devices
- Distribution Devices
- Battery Management Systems
Application
- Power Generation Management
- Flight Control and Operation
- Cabin System
- Configuration Management
- Air Pressurization and Conditioning
Technology
- Conventional
- More Electric and Electric
Platform
- Commercial Aviation
- Military Aviation
- Business and General Aviation
Distribution Type
- Line-fit
- Retrofit
Distribution Channel
- OEM
- Aftermarket
Aircraft Electrical Systems Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, system, component, application, technology, platform, distribution type, and distribution channel as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to region's strong aviation sector, which includes the largest fleet of commercial and military aircraft in the U.S.. The region is also benefiting from a surge in aircraft modernization programs by airlines. With the commercial aviation industry recovering from the pandemic's effects, steady growth is anticipated, driven by a rebound in aircraft orders and deliveries that are fueling demand for electrical systems.
Asia-Pacific is expected to be the fastest growing due to robust increase in air passenger traffic, which reflects a surge in travel demand and economic activity across the region. As more people travel and economies expand, airlines in Asia-Pacific are facing growing needs to enhance their fleets and infrastructure. In addition to the surge in passenger traffic, there is a significant rise in demand for new aircraft.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Aircraft Electrical Systems Market Share
The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Aircraft Electrical Systems Market Leaders Operating in the Market Are:
- AMETEK, Inc. (U.S.)
- Thales Group (France)
- Astronics Corporation (U.S.)
- Acme Aerospace Inc. & Avionic Instruments, LLC (U.S.)
- EaglePicher Technologies (U.S.)
- Honeywell International, Inc. (U.S.)
- Allied Motion, Inc. (U.S.)
- Altra Industrial Motion Corp. (U.S.)
- ARC Systems Inc. (U.S.)
- Electromech Technologies (India)
- FAULHABER MICROMO, LLC (U.S.)
- H3X Technologies Inc. (U.S.)
- magniX (U.S.)
- maxon (Switzerland)
- Meggitt PLC (U.K.)
- Moog Inc. (U.S.)
- Rolls-Royce plc (U.K.)
- Safran (France)
Latest Developments in Aircraft Electrical Systems Market
- In August 2024, Lilium completed the first phase of integration testing for its Jet's electrical power system at a custom-built lab near Munich. It marked a key milestone towards flight conditions approval and type-certification under EASA's SC-VTOL regulations. Engineers tested core powertrain functionalities, using bespoke software to simulate flight profiles and collect real-time data for airworthiness certification. The lab was developed in collaboration with Italian supplier EN4 and employed advanced software and hardware from NI
- In September 2023, VoltAero's Cassio S aircraft completed the world's first electric-hybrid flight using 100% sustainable fuel provided by TotalEnergies at its Royan, France facility. The flight utilized Excellium Racing 100, a bioethanol fuel derived from winemaking waste, achieving an 80% CO2 reduction. This milestone supported the validation of VoltAero's electric-hybrid powertrain and contributed to decarbonization efforts in aviation. The Cassio 330 will be the first production model in VoltAero's upcoming aircraft lineup
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