Press release
Aircraft Electrical Systems Market to Reach US$ 5.2 Billion by 2034, says Stratview Research
Stratview Research
The structural shift toward more electric aircraft is the primary growth driver. Increasing electrification reduces fuel consumption, lowers emissions, and enhances system efficiency, structurally increasing demand for advanced electrical architectures across new aircraft programs and fleet upgrades. Electrification is reshaping aircraft design economics.
"Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more."
The report analyzes market dynamics across multiple aircraft platforms, system types, and end-use categories. It covers detailed segmentation, competitive benchmarking, and long-term strategic outlooks relevant to OEMs, Tier suppliers, and investors evaluating electrification opportunities.
"Request a free sample report: https://www.stratviewresearch.com/Request-Sample/2334/aircraft-electrical-systems-market.html#form"
Market Statistics
• Market size: US$ 3.6 billion (2024)
• Forecast value: US$ 5.2 billion (2034)
• CAGR: 3.2%
• Forecast period: 2025-2034
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By System Type:
• Power Generation System
• Power Distribution System
• Power Conversion System
• Energy Storage System
By Aircraft Type:
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft
• Helicopter
By Region
• North America
• Europe
• Asia-pacific
Segment Analysis
Among system types, the power generation system holds the dominant share of the aircraft electrical systems market. The increasing power demand from advanced avionics and electric subsystems drives higher generator capacity requirements. As aircraft architectures transition toward electric configurations, efficient and lightweight generation systems become critical to performance and fuel savings, reinforcing supplier focus on advanced generation technologies.
By aircraft type, commercial aircraft dominate the market. Rising air passenger traffic and fleet expansion programs drive sustained demand for new commercial aircraft deliveries. Electrification initiatives in next-generation narrow-body and wide-body programs further amplify electrical system integration, strengthening long-term supply chain commitments for system manufacturers.
Regional Insights
North America is the dominant region in the aircraft electrical systems market. The presence of major aircraft OEMs, strong defense spending, and established aerospace supply chains structurally support electrical system integration. Continuous investment in advanced aircraft programs sustains long-term procurement cycles.
Asia-Pacific is the fastest-growing region. Expanding commercial fleets, rising air travel demand, and indigenous aircraft development programs accelerate electrical system adoption. Regional manufacturing expansion strengthens demand for both OE installations and supporting supply ecosystems.
Market Drivers
• Increasing aircraft electrification programs, which replace hydraulic and pneumatic systems with electric alternatives, raising overall electrical content per aircraft.
• Rising global air passenger traffic, prompting higher aircraft production rates and expanding installed base demand.
• Growing defense aircraft modernization initiatives, driving upgrades in avionics and onboard electrical architectures.
• OEM focus on fuel efficiency and emission reduction, increasing reliance on advanced power generation and distribution systems.
• Expansion of new aircraft development programs, creating demand for next-generation lightweight and high-capacity electrical systems.
Top Companies in the Market
• Safran S.A.
• Honeywell International Inc.
• Collins Aerospace
• Thales Group
• Meggitt PLC
• AMETEK, Inc.
• Parker-Hannifin Corporation
• Crane Aerospace & Electronics
• Liebherr Group
FAQs
1. What is the current size and forecast outlook of the aircraft electrical systems market?
The market was valued at US$ 3.6 billion in 2024 and is projected to reach US$ 5.2 billion by 2034. It is expected to grow at a CAGR of 3.2% during 2025-2034, driven by increasing electrification across aircraft platforms.
2. What is driving long-term demand for aircraft electrical systems?
The shift toward more electric aircraft is the core structural driver. Replacing mechanical and hydraulic systems with electric architectures increases electrical content per aircraft and strengthens demand for advanced generation and distribution systems.
3. Which region offers the strongest growth potential?
Asia-Pacific is the fastest-growing region due to rising air traffic and expanding fleet sizes. Indigenous aircraft development programs further accelerate electrical system integration across new platforms.
4. Which aircraft segment generates the highest demand?
Commercial aircraft dominate the market due to high production volumes and expanding order backlogs. Electrification in next-generation commercial platforms significantly increases system complexity and value per aircraft.
5. What are the key strategic considerations for suppliers and investors?
Suppliers aligned with OE programs benefit from long-term contracts and recurring production volumes. Investment focus is shifting toward lightweight, high-efficiency power generation and distribution technologies that support more electric aircraft architectures.
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https://webyourself.eu/blogs/1704851/Comfort-at-Altitude-The-Aircraft-Seat-Market
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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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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