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    Aircraft Electrical Systems Market Analysis | 2021-2026

    Aircraft Electrical Systems Market Analysis | 2021-2026
    Report code - SR1487 Published On : Dec,2021 No. of Pages: 150
    Aircraft Electrical Systems Market Size, Share, Trend, Forecast and Growth Opportunit See more...

    Market Insights

    The Aircraft Electrical Systems Market was valued at US$ 2.5 Billion in 2020 and is projected to reach US$ 3.9 Billion by 2026, registering a CAGR of 8.1% during the forecast period.

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    What is an aircraft electrical system?

    An aircraft electrical system is a crucial component of an aircraft that provides electrical power to various electrical systems and equipment onboard. The system includes generators or alternators, batteries, wiring, switches, and other electrical components that work together to supply electrical power to the aircraft's essential systems and equipment.

    The electrical system is responsible for powering critical systems such as communication, navigation, lighting, and instrument panels. It also provides power for the aircraft's avionics, which includes computers, sensors, and other electronic equipment used for monitoring the aircraft's performance.

    Aircraft Electrical Generation Systems Market Report Overview

    Market Size in 2026

    USD 3.9 billion

    Market Size in 2020

    USD 2.5 billion

    Market Growth (2021-2026)

    CAGR of 8.1%

    Base Year of Study


    Trend Period


    Forecast Period


    Market Dynamics

    The aircraft electrical systems market is a dynamic industry that is driven by a range of factors, including technological advancements, changes in customer demands, and global economic conditions. Some of the key market dynamics affecting this industry include:

    One of the major trends driving the aircraft electrical systems market is the increasing demand for more electric aircraft. This trend is driven by the need to reduce fuel consumption, emissions, and noise levels. More electric aircraft are equipped with electric motors, which consume less fuel and emit fewer pollutants than traditional aircraft engines. This trend is expected to continue, as airlines and manufacturers seek to reduce their environmental impact.

    The development of new electrical components, such as high-power generators, power distribution systems, and energy storage systems. These new technologies are more efficient and reliable than traditional systems, which helps to improve the performance and safety of aircraft.

    The aviation industry is always looking for ways to reduce the weight of aircraft, as this helps to improve fuel efficiency and reduce operating costs. This has led to increasing demand for lightweight electrical components, such as wiring, connectors, and sensors.

    The aircraft electrical systems market is subject to a wide range of government regulations and safety standards. Changes to these regulations can impact the industry by creating new requirements for manufacturers and suppliers.

    The cost of materials used in aircraft electrical systems can have a significant impact on the market. Fluctuations in the price of key materials such as copper and aluminum can impact the profitability of manufacturers and suppliers.

    Segment Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments


    Electrical Generation Systems, Electrical Distribution Systems, Electrical Conversion Systems, and Electrical Storage Systems

    Electrical Distribution System is expected to remain the largest segment of the during the forecast period.


    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.

    System Trends

    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 2021, 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.

    Aircraft Trends

    The market is segmented as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. 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 2021. 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 lossed endured during 2020, leading to extraordinary growth in the near future. Upcoming aircraft programs, such as C919 and MC-21, are likely to give an additional impetus to the demand for electrical systems in the coming years.

    Regional Analysis

    North America is expected to remain the largest market for aircraft electrical systems and it held a revenue share of more than 45% in 2021. 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 the 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 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.

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    Key Players

    The competitive landscape of electrical systems varies from system to system. Also, it is being noticed that all the major players are not into all types of electrical systems, changing the competitive landscape from system to system. Overall, it is a convoluted process to manufacture electrical systems and requires huge expertise to supply systems for the aerospace industry.

    The following are the key players in the aircraft electrical systems market:

    COVID-19 Impact

    The grounding of the B737Max ended the 16-year growth cycle of the commercial aerospace industry. The industry was on the verge of recovery from the grounding of B737Max, the sudden burst of the pandemic exacerbated the industry challenges and sent to a decade back. As a result of that, the aircraft electrical systems market witnessed a colossal decline of over 20%+ in 2020, quite aligned with the decline in other crucial systems used in aircraft. The market has already started showing some signs of recovery from 2021 onwards with the recovery, particularly in the narrow-body aircraft segment.

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Aircraft Electrical Systems Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft electrical systems market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    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 the 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 sales@stratviewresearch.com.

    Recent Developments

    March 2023: BAE Systems and Heart Aerospace to collaborate on battery for the electric airplane. The program will leverage more than 25 years of BAE Systems' expertise in electrifying large, heavy-duty industrial vehicles. Today, the company has over 15,000 power and propulsion systems operating in service across the globe.

    March 2023: Collins Aerospace has made some huge investments into the main facility in Jamestown which shows the company is growing, according to Bill Seekins, facilities and operations excellence manager.

    May 2022: Astronics Corporation, a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it has expanded its CorePower product portfolio and capabilities to address the needs of the emerging electric aircraft industry. The aerospace industry today is making significant investments in More Electric Aircraft (MEA) architectures, including specifically electric propulsion and electric vertical take-off and landing (eVTOL) aircraft.

    Frequently Asked Questions (FAQs)

    The aircraft electrical systems market is likely to rebound at a promising CAGR of 8.1% during 2021-2026.

    The aircraft electrical systems market has reached a landmark figure of US$ 3.9 billion in 2026.

    North America is expected to remain the largest market share during the forecast period.

    Safran Group, Collins Aerospace (Raytheon Technologies Corporation), Honeywell International Inc., GE Aviation, AMETEK.Inc., Thales Group, Skurka Aerospace, Inc, Crane Aerospace & Electronics, Astronics Corporation, Meggitt PLC.

    Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period.

    The increasing need for electric aircraft with the growing usage of power electronics is one of the major drivers for electrical systems in the aircraft industry. The aviation industry has rapidly been adopting advanced technologies to meet the power demands with increased electrical loads. In addition, there is also a need for reducing carbon emissions and improving fuel economy, which can be achieved to a great extent by developing electrical aircraft.


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