More Electric Aircraft Market Size, Share and Trends Forecast 2025-2033

Market Overview:

The More Electric Aircraft Market is experiencing significant expansion, driven by Continuous Technological Advancements, Regulatory Pressures and Environmental Concerns and Economic Benefits and Operational Efficiency. According to IMARC Group\'s latest research publication, \"More Electric Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033\", The global more electric aircraft market size was valued at USD 2.45 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 7.8 Billion by 2033, exhibiting a CAGR of 13.7% from 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Download a sample PDF of this report: https://www.imarcgroup.com/more-electric-aircraft-market/requestsample

Our Report Includes:

• Market Dynamics
• Market Trends and Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Growth Factors in the More Electric Aircraft Industry:

• Continuous Technological Advancements

Rapid technological developments across the globe are majorly driving the more electric aircraft market growth. Along with this, the development of aerospace engineering is associated with the continuous improvement of electrification to make aircraft more efficient and environmentally friendly. Recent developments in electric propulsion systems, battery, and power management systems have set the stage for the emergence of more electric aircraft. In addition, electric propulsion has multiple advantages for sustainability, such as lower emissions, reduced fuel consumption, and less noise. Moreover, these advancements allow the creation of more flexible and versatile aircraft platforms that can meet the diverse needs of consumers in various parts of the world. As a result, this is further increasing the market value of more electric aircraft.

• Regulatory Pressures and Environmental Concerns

The market is growing due to regulations and environmental concerns. Aviation businesses are inclining toward sustainability trends for aerospace or airplanes after strict emissions laws were enacted by governments across the globe. With the sector being blamed for contributing heavily towards greenhouse gases, it has become necessary for airlines to adopt electric and hybrid-electric propulsion systems. The more electric aircraft market forecast suggests that commercial fleets will increasingly include \"more-electric\" airplanes as carriers race against time to cut down on carbon emissions. For instance, the Airbus A380 and A220, Boeing 787, ATR-600, and Embraer E2 aircraft use 3 liters or less of jet fuel per 100 passenger kilometers, matching the fuel consumption of most modern compact cars. Furthermore, there is a growing more electric aircraft demand which is prompting airlines to invest in them thereby driving up sales of MEEs (More Electric Aircraft).

• Economic Benefits and Operational Efficiency

In the global aerospace sector, significant market drivers are economic benefits offered and operational efficiency by more electric aircraft. According to a market research report, the electric aircraft market size reached USD 9.9 Billion in 2023. IMARC Group expects the market to reach USD 41.0 Billion by 2032, exhibiting a growth rate (CAGR) of 16.5% during 2024-2032. Thus, this is also favoring the more electric aircraft market revenue. In comparison with traditional engines, maintenance needs and fuel consumption are reduced by electric propulsion systems which promise lower costs over a long time. In addition, electric power also allows for new business models such as urban air mobility services or electric air taxis among airlines. Furthermore, these systems have better on-time performance through operational flexibility as well as reliability that enhances passenger experience. Moreover, the increasing appeal of additional electrical airplanes to airlines is driven by their desire to streamline operations while cutting down on overheads which is leading to market expansion and innovation within the aerospace industry.

Key Trends in the More Electric Aircraft Market

• Dominance of Power Distribution Management Systems

Power distribution management stands as the largest component in 2024 due to its critical role in efficient energy utilization. As aircraft increasingly adopt electric systems, the need for advanced power distribution networks has surged to manage electricity flow across various subsystems effectively. These systems ensure optimal power allocation, reduce energy losses, and enhance overall aircraft performance. Innovations in solid-state power controllers, intelligent monitoring, and real-time fault detection further strengthen their adoption. The transition to lightweight, compact, and highly reliable power distribution units aligns with the industry\'s emphasis on enhancing fuel efficiency and minimizing emissions. The growing integration of electric technologies in both commercial and military aircraft underscores the prominence of power distribution management.

• Leadership of Fixed Wing Aircraft in MEA Adoption

In 2024, Fixed wing (narrow body/wide body/very large body) aircraft dominate the market due to their extensive adoption in commercial aviation. Narrow-body aircraft, widely used for short and medium-haul routes, drive significant demand owing to their fuel efficiency and frequency of operation. Wide-body and very large body aircraft, primarily used for long-haul flights, further contribute by integrating advanced electric systems to reduce fuel consumption and carbon emissions. The shift toward sustainable aviation has accelerated the adoption of MEA technologies in this segment, enabling enhanced operational efficiency and compliance with stringent environmental regulations. Additionally, advancements in lightweight materials and energy-efficient power systems strengthen their prominence, catering to the growing global air travel demand.

• Integration of Advanced Safety and Thermal Management Systems

The More Electric Aircraft (MEA) market\'s technological segmentation highlights critical innovations enhancing performance and sustainability. Safety Systems and Advanced Materials play a pivotal role in ensuring aircraft reliability and reducing weight through composite materials, contributing to fuel efficiency. Power Electronics facilitate efficient energy conversion and distribution, crucial for managing electric systems in MEA. Energy storage devices, including advanced batteries and supercapacitors, meet the increasing demand for high energy density and quick charging capabilities. Thermal Management Systems ensure optimal operation of electronic components by dissipating heat, thereby improving system longevity and safety. These supporting technologies, including actuators and sensors, integrate seamlessly to enable electric functionalities, optimizing overall aircraft performance and operational efficiency.

The more electric aircraft market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

Leading Companies Operating in the Global More Electric Aircraft Industry:

• Airbus SE
• Bombardier Inc.
• Honeywell International Inc.
• Lockheed Martin
• Raytheon Company
• Rolls-Royce Holdings Plc.
• Safran S.A.
• Thales Group
• The Boeing Company
• TTTech Computertechnik AG
• United Technologies Corporation

More Electric Aircraft Market Report Segmentation:

Breakup by Application:

• Air Pressurization and Conditioning
• Configuration Management
• Flight Control Operations Management
• Power Generation Management
• Power Distribution Management
• Others

Power distribution management represented the largest segment due to its critical role in efficient energy utilization and management of electricity flow across various subsystems.

Breakup by Technology:

• Safety Systems and Advanced Materials
• Power Electronics
• Energy Storage Devices
• Thermal Management Systems
• Others

Safety Systems and Advanced Materials, Power Electronics, Energy Storage Devices, and Thermal Management Systems collectively drive the market through innovations enhancing performance and sustainability.

Breakup by Aircraft Type:

• Fixed Wing (Narrow Body/Wide Body/Very Large Body) Aircraft
• Rotary Wing Aircraft
• Unmanned Aerial Vehicles
• Others

Fixed wing (narrow body/wide body/very large body) aircraft represented the largest segment due to their extensive adoption in commercial aviation and integration of advanced electric systems.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America currently dominates the market, holding a market share of over 33.5% in 2024, driven by advanced aerospace sector, significant defense budgets, and early adoption of innovative aviation technologies.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1–201971–6302