Global Aircraft Electrification Market Size Study & Forecast, by Technology, Component, Application, System, Platform, and Regional Forecasts 2025-2035

The Global Aircraft Electrification Market is estimated at approximately USD 8.96 billion in 2024 and is expected to register an impressive compound annual growth rate (CAGR) of more than 14.30% over the forecast period from 2025 to 2035. Aircraft electrification is swiftly transforming the aviation industry by redefining how power is distributed and utilized across platforms, with electric propulsion systems, energy-efficient components, and hybrid configurations revolutionizing next-generation flight. As the global aerospace ecosystem intensifies its push toward sustainability, electrification has emerged as a pivotal solution to reduce dependency on fossil fuels, improve fuel economy, and achieve net-zero carbon emission goals. The rise in regulatory pressure, coupled with robust investments in electric aviation startups and initiatives by major OEMs, is propelling market demand to new heights.

The increasing urgency to decarbonize aviation is compelling key industry players to double down on research and development of More Electric Aircraft (MEA) systems, hybrid propulsion technologies, and fully electric aircraft. Rapid advancements in battery energy density, superconducting motors, and lightweight high-voltage systems are pushing the performance envelope, enabling longer range and increased payload capacity for electric aircraft. Additionally, urban air mobility (UAM) concepts and unmanned aerial vehicles (UAVs) are leveraging electric propulsion to unlock quieter, cleaner, and cost-effective operations, sparking a surge of interest in Advanced Air Mobility (AAM) platforms across densely populated megacities. Governmental support through funding programs, sustainability targets, and clean aviation policies are further bolstering development and adoption across commercial and defense segments alike.

Regionally, North America is projected to dominate the Aircraft Electrification Market by 2025, owing to its strong aerospace manufacturing base, established infrastructure for testing and certifying electric aircraft, and substantial government initiatives supporting clean aviation technologies. The U.S., in particular, continues to lead in the integration of electric systems across both commercial and military aircraft fleets. Meanwhile, Europe is poised for significant growth, driven by its Green Deal mandates and strategic aviation decarbonization objectives. Countries such as Germany, France, and the UK are witnessing heightened collaboration between public agencies and aerospace giants to develop electric regional aircraft. Asia Pacific, led by China and Japan, is expected to witness the fastest growth during the forecast period due to aggressive investments in electric propulsion R&D, a booming aviation market, and a strong manufacturing pipeline for next-gen aircraft.

Major market players included in this report are:
• Honeywell International Inc.
• Raytheon Technologies Corporation
• Boeing
• Thales Group
• GE Aerospace
• Rolls-Royce Holdings plc
• Safran S.A.
• Airbus SE
• BAE Systems
• L3Harris Technologies
• GKN Aerospace
• Lockheed Martin Corporation
• Embraer
• Bye Aerospace
• Pipistrel

Global Aircraft Electrification Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Technology:
• More Electric
• Hybrid Electric
• Fully Electric

By Component:
• Power Electronics
• Electric Actuators
• Electric Motors
• Distribution Systems
• Batteries
• Fuel Cells
• Others

By Application:
• Propulsion
• Power Generation
• Cabin Systems
• Environmental Control Systems
• Landing Gear Systems
• Flight Control Systems
• Avionics
• Others

By System:
• Power Generation
• Power Distribution
• Power Conversion
• Energy Storage

By Platform:
• Commercial Aviation
• Military Aviation
• Business & General Aviation
• UAV
• Advanced Air Mobility (AAM)

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more