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Study Period | 2019 - 2030 |
Market Size (2025) | USD 4.40 Billion |
Market Size (2030) | USD 8.19 Billion |
CAGR (2025 - 2030) | 13.22 % |
Fastest Growing Market | North America |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
More Electric Aircraft Market Analysis
The More Electric Aircraft Market size is estimated at USD 4.40 billion in 2025, and is expected to reach USD 8.19 billion by 2030, at a CAGR of 13.22% during the forecast period (2025-2030).
The aviation industry is undergoing a transformative shift toward aircraft electrification, driven by increasing environmental concerns and technological advancements. The sector currently generates approximately 2-3% of global human-generated CO2 emissions and around 12% of all transportation-related emissions, highlighting the urgent need for sustainable solutions. This transformation is evidenced by significant investments in electric aviation infrastructure, with major industry players developing new facilities and capabilities. For instance, in October 2023, Collins Aerospace inaugurated a USD 50 million advanced electric-power systems laboratory in Rockford, Illinois, dedicated to developing components for hybrid-electric propulsion and more electric systems.
Technological breakthroughs in electric propulsion aircraft systems and aircraft design are accelerating market evolution. The successful first flight of the EcoPulse hybrid-electric demonstrator in December 2023, jointly developed by Airbus, Safran, and Daher, marks a significant milestone in hybrid-electric aviation technology. This achievement demonstrates the viability of electric aircraft technology and sets the stage for future developments in commercial aviation. The industry is witnessing increased collaboration between traditional aerospace manufacturers and technology companies to advance electric aircraft capabilities.
The market is experiencing rapid advancement in battery technology and power management systems, enabling more efficient and powerful electric aircraft designs. In November 2023, the UK's first all-electric airline made a significant move by signing a contract for 70 new aircraft engines capable of zero-emission flight, highlighting the growing confidence in electric aviation technology. Additionally, companies are developing innovative solutions for electric power generation, conversion, and distribution systems, focusing on improving energy density and reducing system weight.
Infrastructure development is keeping pace with technological advancements, as airports and aviation facilities worldwide adapt to accommodate more electric aircraft requirements. The introduction of new aircraft models, such as Maeve Aerospace's hybrid-electric 80-seater aircraft announced in December 2023, demonstrates the industry's commitment to scaling up electric aviation solutions. This trend is accompanied by the development of specialized maintenance, repair, and overhaul (MRO) facilities designed specifically for aircraft electrical systems, ensuring long-term operational sustainability and reliability.
More Electric Aircraft Market Trends
Economic Growth, Government Initiatives, and R&D to Drive the Market
The aviation industry is experiencing significant transformation driven by economic factors and government initiatives supporting the adoption of more electric aircraft (MEA). As disposable incomes rise and business activities expand, particularly in growing economies, the demand for air travel has increased substantially, leading to the entry of new aircraft carriers. These carriers are actively seeking to optimize their operational costs while maintaining profitability, making MEA an attractive solution due to its greater fuel efficiency and lower operating costs compared to traditional aircraft. The economic benefits of MEA are further enhanced by government incentives, including tax credits, grants, and subsidies designed to accelerate the transition to sustainable aviation.
Research and development initiatives are playing a crucial role in advancing MEA technologies, with substantial investments from OEMs, governments, and research institutions. These R&D efforts are focused on improving electric propulsion systems, battery technology, and lightweight materials. For instance, in March 2024, Aciturri, an aerostructures supplier and engine components manufacturer, announced its investment in Dovetail Electric Aviation to support the development of sustainable aviation solutions. Similarly, in July 2023, United Airlines invested in Electric Power Systems' compatible module technology, which can support various batteries for aerospace applications. These technological breakthroughs are addressing key challenges such as range limitations and battery storage capacity, making MEA increasingly viable for commercial applications.
Rise in Air Traffic, Increased Investment, and Environmental Concerns to Drive the Market
Environmental sustainability has become a critical driver for MEA adoption, as the aviation industry currently generates 2-3% of the world's human-generated carbon dioxide emissions and approximately 12% of CO2 emissions from transportation sources. The commercial aviation sector has committed to achieving net-zero air transport emissions by 2050, creating strong momentum for MEA development and adoption. This environmental imperative is supported by technological advancements in fault-tolerant architecture, power electronics, flight control systems, electro-hydrostatic actuators, and high-density electric motors, which are making MEA increasingly efficient and reliable.
The market is further propelled by significant investments in electric aircraft technology and infrastructure development. For example, in October 2023, BETA Technologies successfully deployed its ALIA electric aircraft to Eglin Air Force Base, demonstrating a remarkable range of 336 nautical miles on a single charge. The aircraft's capabilities include a carrying capacity of 1,250 lbs with a cruise speed of around 100 knots, showcasing the practical viability of electric aircraft for various applications. Additionally, major aircraft manufacturers are incorporating more electric aircraft architecture into their newest models, as evidenced by the Boeing 787 and Airbus A350 XWB, which utilize electric systems to replace traditional hydraulic and pneumatic systems, demonstrating the industry's commitment to electric aviation technology.
The integration of aircraft electrical power system and aircraft power management technologies is crucial for enhancing the efficiency of MEA. These systems ensure optimal distribution and management of power across various aircraft components, further supporting the transition to electric aviation. Moreover, the development of electric actuator technologies is contributing to the replacement of traditional hydraulic systems, thereby reducing weight and improving fuel efficiency.
Segment Analysis: Application
Commercial Segment in More Electric Aircraft Market
The commercial segment dominates the more electric aircraft market, commanding approximately 66% market share in 2024. This significant market position is primarily driven by the increasing incorporation of new-generation engines in aircraft with hybrid generators and advanced aircraft electrical systems. Major aircraft manufacturers are actively integrating more electric architecture into their commercial aircraft designs, with notable examples including the Boeing 787 and Airbus A350 XWB. The segment's growth is further supported by stringent aviation regulations aimed at reducing carbon emissions and improving sustainability in commercial aviation operations. Airlines worldwide are increasingly adopting more electric systems to optimize fuel efficiency, reduce maintenance costs, and comply with environmental standards, making the commercial segment a cornerstone of the more electric aircraft market.
![Market Analysis of More Electric Aircraft Market: Chart for Application](https://s3.mordorintelligence.com/more-electric-aircraft-market/more-electric-aircraft-market-More-Electric-Aircraft-Market-Market-Share-by-Application-Segment-2024-1737051685984.webp)
Military Segment in More Electric Aircraft Market
The military segment is experiencing robust growth in the more electric aircraft market, with a projected CAGR of approximately 12% during 2024-2029. This impressive growth trajectory is driven by increasing investments in procuring advanced aircraft and a significant boost in defense expenditure across various countries. Military organizations worldwide are focusing on modernizing their aircraft fleets with more electric systems to enhance operational efficiency and reduce environmental impact. The integration of advanced aircraft electrical systems in military aircraft is also being propelled by the need for improved mission capabilities, reduced maintenance requirements, and enhanced reliability in combat situations. Recent developments in military aviation technology, coupled with growing defense budgets and increasing focus on electromagnetic aircraft launch systems, are further accelerating the adoption of more electric systems in military aircraft.
Remaining Segments in Application
The general aviation segment represents a crucial component of the more electric aircraft market, focusing on private, business, and recreational aircraft applications. This segment is witnessing significant technological advancements in electric propulsion systems and aircraft power management solutions specifically designed for smaller aircraft. The transformation in general aviation is particularly evident in the development of electric flight training aircraft and small commercial operations. The segment is benefiting from increasing investments in electric and hybrid-electric propulsion technologies, with several manufacturers developing innovative solutions for light aircraft. The adoption of more electric systems in general aviation is also being driven by the sector's growing emphasis on environmental sustainability and operational cost reduction, including the use of electric actuators to enhance aircraft efficiency.
More Electric Aircraft Market Geography Segment Analysis
More Electric Aircraft Market in North America
North America represents a dominant force in the more electric aircraft market, driven by a high number of aircraft deliveries and a strong emphasis on research and development in the aircraft electrification market. The region benefits from advanced infrastructure and technological capabilities, particularly in the United States and Canada. The presence of major aircraft manufacturers, a robust military aviation sector, and an increasing focus on sustainable aviation solutions have created a favorable ecosystem for market growth. Both countries are making significant investments in developing electric and hybrid-electric aircraft technologies, supported by government initiatives and environmental regulations aimed at reducing aviation emissions.
![Market Analysis of More Electric Aircraft Market: Forecasted Growth Rate by Region](https://s3.mordorintelligence.com/more-electric-aircraft-market/more-electric-aircraft-market-More-Electric-Aircraft-Market-Forecasted-Five-Year-Growth-Rate-By-Region-1737130811650.webp)
More Electric Aircraft Market in the United States
The United States leads the North American more electric aircraft market with approximately 80% market share in 2024, establishing itself as the region's powerhouse. The country's dominance is attributed to its flourishing aviation industry, which includes the world's largest commercial and military aircraft fleet. The US government's commitment to achieving net-zero aviation emissions by 2050 has accelerated the adoption of more electric aircraft technologies. The presence of major aerospace manufacturers, extensive research facilities, and a supportive regulatory framework has created a robust ecosystem for market growth. The country has also witnessed significant developments in electric aircraft testing and deployment, with various companies conducting successful flight tests and securing orders for electric aircraft.
More Electric Aircraft Market in Canada
Canada demonstrates remarkable growth potential with approximately 14% CAGR during 2024-2029, emerging as the fastest-growing market in North America. The country's aviation sector has shown significant progress in hybrid-electric aircraft development and testing programs. Canadian airlines are actively pursuing fleet modernization initiatives, incorporating more electric systems into their aircraft. The country's strong focus on research and development in the electrification of aircraft subsystems, coupled with increasing air passenger traffic, drives market growth. The presence of major aerospace companies and ongoing collaborations between industry players for developing electric aircraft technologies further strengthens Canada's position in the aircraft electrical systems market.
More Electric Aircraft Market in Europe
Europe maintains a strong position in the more electric aircraft market, supported by its advanced aerospace industry and commitment to sustainable aviation. The region's market is characterized by significant technological innovations, particularly in France, the United Kingdom, and Germany. These countries have established robust research and development infrastructure for electric aircraft technologies. The European Union's stringent emissions regulations and sustainability targets have accelerated the adoption of more electric aircraft systems. The presence of major aircraft manufacturers and their ongoing investments in electric propulsion technologies has created a competitive landscape for market growth.
More Electric Aircraft Market in France
France dominates the European market with approximately 26% market share in 2024, leveraging its strong aerospace manufacturing capabilities and technological expertise. The country's leadership position is reinforced by the presence of major aircraft manufacturers and their extensive research and development initiatives in electric aircraft technologies. French aerospace companies have demonstrated significant progress in developing hybrid-electric aircraft systems and conducting successful flight tests. The country's robust aviation infrastructure and strong government support for sustainable aviation technologies have created a favorable environment for market growth.
More Electric Aircraft Market in the United Kingdom
The United Kingdom exhibits the highest growth rate in Europe with approximately 14% CAGR during 2024-2029, driven by its comprehensive approach to sustainable aviation. The country has implemented ambitious strategies to reduce aviation emissions and promote the adoption of electric aircraft technologies. British aerospace companies are actively involved in developing electric propulsion systems and conducting innovative research in battery technologies. The UK's strong focus on creating a sustainable aviation ecosystem, supported by government initiatives and industry collaborations, positions it as a key growth market in the region.
More Electric Aircraft Market in Asia-Pacific
Asia-Pacific emerges as a dynamic market for more electric aircraft, characterized by rapid industrialization and increasing investments in aviation infrastructure. The region encompasses major markets including China, India, Japan, and South Korea, each contributing significantly to market growth. The ongoing fleet modernization initiatives in both commercial and military aviation sectors drive the demand for electric aircraft technologies. The region's focus on developing indigenous aerospace capabilities and increasing adoption of sustainable aviation solutions creates numerous opportunities for market expansion.
More Electric Aircraft Market in China
China leads the Asia-Pacific market, demonstrating a strong commitment to electric aircraft development and implementation. The country's dominance is attributed to its extensive aerospace manufacturing capabilities and significant investments in research and development. Chinese manufacturers are actively developing electric and hybrid-electric aircraft, supported by government initiatives promoting sustainable aviation. The country's robust aviation infrastructure and growing emphasis on indigenous aerospace capabilities create a favorable environment for market growth in the electric aviation industry.
More Electric Aircraft Market in India
India emerges as the fastest-growing market in Asia-Pacific, driven by its ambitious aviation sector expansion plans and increasing focus on sustainable technologies. The country's airlines are actively pursuing fleet modernization programs, incorporating more electric systems into their aircraft. Indian aerospace companies are developing indigenous capabilities in electric aircraft technologies, supported by government initiatives promoting clean aviation. The growing emphasis on reducing aviation emissions and improving operational efficiency positions India as a key growth market in the region.
More Electric Aircraft Market in Latin America
Latin America demonstrates growing potential in the more electric aircraft market, with Brazil emerging as both the largest and fastest-growing market in the region. The region's market is driven by increasing air travel demand and fleet modernization initiatives undertaken by major airlines. Brazilian airlines are actively incorporating modern aircraft with advanced electrical systems, while other countries in the region are gradually adopting electric aircraft technologies. The presence of aircraft manufacturers and an increasing focus on sustainable aviation solutions contribute to market growth. The region's aviation sector is witnessing significant investments in infrastructure development and technological advancement, creating opportunities for market expansion.
More Electric Aircraft Market in the Middle East & Africa
The MEA market shows promising growth in the more electric aircraft market, with Saudi Arabia emerging as the largest market and the United Arab Emirates demonstrating significant growth potential. The region's market is characterized by substantial investments in aviation infrastructure and fleet modernization programs. Major airlines in these countries are actively incorporating advanced aircraft with electric systems, driven by the need for improved operational efficiency and reduced environmental impact. The region's focus on developing sustainable aviation solutions and increasing air travel demand creates favorable conditions for market growth. Government initiatives promoting aviation sector development and increasing defense spending further contribute to market expansion in the MEA market.
More Electric Aircraft Industry Overview
Top Companies in More Electric Aircraft Market
The More Electric Aircraft market features prominent aerospace giants including Boeing, Airbus, Lockheed Martin, Safran, Honeywell International, RTX Corporation, General Electric, Moog Inc., Parker Hannifin, and Eaton Corporation. These industry leaders are heavily investing in research and development to advance electric propulsion technologies and enhance aircraft performance while reducing environmental impact. Companies are focusing on developing innovative solutions like electric actuator systems market, power electronics, and integrated electrical systems to meet the growing demand for more electric aircraft architectures. Strategic partnerships and collaborations across the supply chain are becoming increasingly common as firms seek to combine expertise and accelerate technological advancement. Market players are also expanding their global footprint through regional manufacturing facilities and service centers while strengthening their aftermarket support capabilities to provide comprehensive solutions throughout the aircraft lifecycle.
Consolidated Market Led By Global Players
The More Electric Aircraft market exhibits a relatively consolidated structure dominated by large multinational aerospace and defense conglomerates with extensive technical capabilities and established customer relationships. These major players leverage their broad product portfolios, manufacturing scale, and deep industry expertise to maintain competitive advantages in both commercial and military segments. The market features high barriers to entry due to significant capital requirements, stringent certification processes, and complex technological requirements, which naturally favor established manufacturers with proven track records.
The industry has witnessed strategic consolidation through mergers and acquisitions, as exemplified by Parker Hannifin's acquisition of Meggitt PLC, aimed at expanding product offerings and strengthening market positions. Companies are increasingly pursuing vertical integration strategies to secure critical components and technologies while reducing supply chain vulnerabilities. Regional players and specialized component manufacturers maintain a presence in specific niches, often serving as key suppliers to major OEMs while focusing on particular subsystems or technologies where they hold competitive advantages.
Innovation and Integration Drive Future Success
Success in the More Electric Aircraft market increasingly depends on companies' ability to develop integrated aircraft electrical systems while maintaining cost competitiveness and reliability. Incumbent manufacturers must focus on continuous innovation in power management, thermal control, and aircraft power distribution systems while strengthening their supplier relationships to ensure a stable component supply. Companies need to invest in advanced manufacturing capabilities and digital technologies while developing modular architectures that can accommodate future technological improvements and changing customer requirements.
Market contenders can gain ground by focusing on specialized niches where they can develop superior technical solutions or cost advantages. Building strong relationships with key customers through excellent service and support remains crucial, as does maintaining compliance with evolving environmental regulations and safety standards. Companies must also carefully manage their intellectual property portfolios while staying attuned to emerging technologies that could disrupt traditional aircraft electrical systems. The ability to attract and retain skilled engineering talent, particularly in electrical systems and power electronics, will become increasingly critical for maintaining competitive advantage in this evolving market.
More Electric Aircraft Market Leaders
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Honeywell International Inc.
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RTX Corporation
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Safran
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General Electric Company
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Eaton Corporation plc
- *Disclaimer: Major Players sorted in no particular order
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More Electric Aircraft Market News
March 2024: Airbus unveiled its full electric CityAirbus NextGen prototype at the inauguration of the new CityAirbus test center in Donauwörth, Germany. The new facility is designed to test systems for eVTOLs and is part of Airbus’ ongoing and long-term investment in Advanced Air Mobility (AAM).
July 2023: Boeing and its subsidiary Aurora Flight Sciences partnered with GE Aerospace to support the flight tests using a modified Saab 340B aircraft as part of NASA’s Electrified Powertrain Flight Demonstration (EPFD) project.
More Electric Aircraft Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Commercial Aviation
- 5.1.2 Military Aviation
- 5.1.3 General Aviation
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 France
- 5.2.2.3 Germany
- 5.2.2.4 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Latin America
- 5.2.4.1 Brazil
- 5.2.4.2 Rest of Latin America
- 5.2.5 Middle East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 United Arab Emirates
- 5.2.5.3 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 The Boeing Company
- 6.2.2 Airbus SE
- 6.2.3 Lockheed Martin Corporation
- 6.2.4 Safran
- 6.2.5 Honeywell International Inc.
- 6.2.6 RTX Corporation
- 6.2.7 General Electric Company
- 6.2.8 Moog Inc.
- 6.2.9 Parker-Hannifin Corporation
- 6.2.10 Eaton Corporation PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
More Electric Aircraft Industry Segmentation
In more electric aircraft (MEA), electrical systems replace most pneumatic systems found on traditional commercial airplanes. In conventional aircraft, the engines use bleed air to cater to the power requirements of most secondary airplane systems. In the no-bleed architecture found in MEA, the engines provide power to shaft-driven generators, catering to the power needs of most airplane systems. In MEA, hydraulic systems are driven by engines and electric-motor-driven hydraulic pumps, and electrical systems are driven by engines and auxiliary-power-unit (APU)-driven generators.
The more electric aircraft market is segmented by application and geography. By application, the market has been segmented into commercial, military, and general aviation. The report also covers the market sizes and forecasts for the more electric aircraft market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
Application | Commercial Aviation | ||
Military Aviation | |||
General Aviation | |||
Geography | North America | United States | |
Canada | |||
Europe | United Kingdom | ||
France | |||
Germany | |||
Rest of Europe | |||
Asia-Pacific | China | ||
India | |||
Japan | |||
South Korea | |||
Rest of Asia-Pacific | |||
Latin America | Brazil | ||
Rest of Latin America | |||
Middle East and Africa | Saudi Arabia | ||
United Arab Emirates | |||
Rest of the Middle East and Africa |
More Electric Aircraft Market Research FAQs
How big is the More Electric Aircraft Market?
The More Electric Aircraft Market size is expected to reach USD 4.40 billion in 2025 and grow at a CAGR of 13.22% to reach USD 8.19 billion by 2030.
What is the current More Electric Aircraft Market size?
In 2025, the More Electric Aircraft Market size is expected to reach USD 4.40 billion.
Who are the key players in More Electric Aircraft Market?
Honeywell International Inc., RTX Corporation, Safran, General Electric Company and Eaton Corporation plc are the major companies operating in the More Electric Aircraft Market.
Which is the fastest growing region in More Electric Aircraft Market?
North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in More Electric Aircraft Market?
In 2025, the Asia Pacific accounts for the largest market share in More Electric Aircraft Market.
What years does this More Electric Aircraft Market cover, and what was the market size in 2024?
In 2024, the More Electric Aircraft Market size was estimated at USD 3.82 billion. The report covers the More Electric Aircraft Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the More Electric Aircraft Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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More Electric Aircraft Market Research
Mordor Intelligence provides a comprehensive analysis of the More Electric Aircraft (MEA) sector. We leverage our extensive expertise in the electric aviation industry to deliver this research. Our detailed report examines the evolution of aircraft electrical systems and aircraft electrical power system technologies. It includes advances in electric actuator applications and aircraft power distribution solutions. The analysis covers the full spectrum of aircraft electrification, from developments in electric propulsion aircraft to innovative implementations of aircraft electrical architecture.
Stakeholders across the electric aviation landscape can download our report PDF. It offers actionable insights into aircraft power management strategies and emerging electric aircraft technology trends. The report provides an in-depth analysis of aircraft electrification market dynamics, focusing on how developments in the electrical systems market are shaping the industry's future. Our research thoroughly examines the MEA market, offering valuable perspectives on power management solutions and technological advancements. These advancements are driving the transformation of traditional aircraft into more electric platforms.