Aircraft Electrical Systems Market Size, Share & Forecast Analysis to 2030

Future Global Aircraft Electrical Systems Market: Key Dynamics, Size & Share Analysis

The Global Aircraft Electrical Systems Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30.

Top Trend Impacting the Global Aircraft Electrical Systems Market Growth

In-flight Entertainment & Connectivity (IFEC) is Gaining Traction – On flights, passengers are expecting more and more interactive entertainment options and seamless internet access. Due to the need for increasingly robust onboard Wi-Fi networks, a variety of streaming video servers, and interactive apps, airlines are compelled to invest in sophisticated IFEC systems.

The aircraft's electrical power production and distribution capabilities must be enhanced to accommodate these sophisticated IFEC systems. Improved wiring infrastructure is therefore required to effectively distribute power throughout the cabin for screens, Wi-Fi access points, and other IFEC components. Lightweight and efficient electrical components are also needed to minimize weight penalties and maintain fuel efficiency. Finally, upgraded onboard generators and power management systems are required to handle the additional load. Therefore, growing popularity of in-flight entertainment and connectivity (IFEC) is influencing the current and future state of the Aircraft Electrical Systems Market.

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Understanding the Core Segments in the Aircraft Electrical Systems Market

Aircraft Electrical Systems Market Size, Share & Industry Trends Analysis - By Component (Generators (Starter Generators, Auxiliary Power Unit (APU), Integrated Device Generators (IDG), Variable Speed Constant Frequency (VSCF) Generator, Generator Control Unit (GCU)), Conversion Devices (Inverter, Converter, Transformer Rectifier Unit (TRU)), Distribution Devices (Wires & Cables, Connectors & Connector Accessories, Busbars), and Battery Management System (others)), By System (Power Generation, Power Distribution, Power Conversion, Energy Storage), By Platform (Commercial Aviation, Military Aviation, Business & General Aviation), By End User (OEM, Aftermarket), By Application (Power Generation Management, Flight Control & Operation, Cabin System, Configuration Management, Air Pressurization & Conditioning), and Other

Geographical Analysis of the Aircraft Electrical Systems Market

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

North America region is anticipated to lead the market with the largest share in the forecast period. The regional market is driven principally by the growing number of air passengers, especially across the US & Canada, leading to increased air traffic and, in turn, boosting the market.

Who Dominates the Aircraft Electrical Systems Market Insights on Key Industry Players?

Companies are strengthening their presence in the Aircraft Electrical Systems market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

Ametek, Inc.
Safran
Astronics Corporation
Amphenol Corporation
PBS Aerospace
Honeywell International Inc.
Meggitt Plc
Thales Group
United Technologies Corporation
General Electric
RTX Corporation
Acme Aerospace Inc. & Avionic Instruments LLC
Crane Aerospace & Electronics
Hartzell Engine Technologies LLC
Nabtesco Corporation
Others

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MarkNtel Advisors is a globally recognized market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. Our studies provide global, regional, and country-level intelligence, helping clients assess modernization programs, procurement dynamics, and emerging defense technologies. Built on rigorous primary research, data modeling, and trend calibration, our insights empower stakeholders to anticipate technological shifts and evaluate long-term capability investments. Clients rely on our intelligence for competitive benchmarking, market entry, and defense readiness planning across 80+ countries. Through our Consulting Services, we translate complex data into strategic roadmaps, enabling defense contractors, policymakers, and OEMs to strengthen operational resilience and maintain a strategic edge in evolving defense ecosystems.