How big is the Aircraft Electrical Systems Market?

The Aircraft Electrical Systems Market size is expected to reach USD 25.80 billion in 2024 and grow at a CAGR of 6.60% to reach USD 35.52 billion by 2029. Read More

What is the current Aircraft Electrical Systems Market size?

In 2024, the Aircraft Electrical Systems Market size is expected to reach USD 25.80 billion. Read More

Who are the key players in Aircraft Electrical Systems Market?

General Electric Company, Honeywell International Inc., RTX Corporation, Amphenol Corporation and THALES are the major companies operating in the Aircraft Electrical Systems Market. Read More

Which is the fastest growing region in Aircraft Electrical Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Electrical Systems Market?

In 2024, the North America accounts for the largest market share in Aircraft Electrical Systems Market. Read More

What years does this Aircraft Electrical Systems Market cover, and what was the market size in 2023?

In 2023, the Aircraft Electrical Systems Market size was estimated at USD 24.10 billion. The report covers the Aircraft Electrical Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Electrical Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aircraft Electrical Systems Market Analysis, Growth, and Forecast

Aircraft Electrical Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Aircraft Electrical Systems Market Report is Segmented by Platform (Commercial Aviation, Military Aviation, and General Aviation), System (Power Generation, Power Distribution, Power Conversion, and Energy Storage), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Terms of Value (USD).

Aircraft Electrical Systems Industry Overview

The aircraft electrical systems market is fragmented in nature. It is witnessing the emergence of several regional tier 1 and tier 2 market players that provide full lifecycle support, ranging from conceptual design and testing to regulatory compliance certification. Hence, leading market players, such as General Electric Company, THALES, Honeywell International Inc., RTX Corporation, and Amphenol Corporation, combine value engineering techniques and design automation expertise to design cost-effective next-generation aircraft electrical systems.

Furthermore, several companies have turned to mergers and acquisitions to bolster their market dominance. In October 2023, Safran Electrical & Power finalized its acquisition of THALES' Aeronautical Electrical Systems division. This division specializes in electric conversion, power generation, and motors for civilian and military aircraft. With this move, Safran Electrical & Power, already a prominent player in the aircraft electrical segment, further solidifies its leadership, especially in electric conversion.