Summary

The growing emphasis on reducing aircraft fuel consumption, improving operational efficiency, and lowering emissions is driving growth in the more electric aircraft market. Demand is rising due to a number of factors, including increasing aircraft production, replacement of conventional hydraulic and pneumatic systems with electrically powered systems, growing adoption of high-voltage electrical architectures, and increasing use of electrically driven actuators, pumps, environmental control systems, and power management systems. Aircraft manufacturers are also increasing electrical power requirements onboard new-generation commercial and military platforms to support avionics, cabin systems, and mission equipment. The more electric aircraft market is projected to reach USD 5.95 billion in 2026 and USD 8.66 billion by 2031, at a CAGR of 7.8% during the forecast period. Growth is being supported by higher deliveries of new-generation aircraft, increasing electrical content per aircraft, replacement of mechanically driven accessories, adoption of starter-generators and advanced generators, and greater utilization of power electronics for conversion and distribution. Development of high-voltage DC architectures, electric actuation systems, solid-state power distribution, and improved energy-storage technologies is expected to further drive the market across commercial aviation and military aviation. Fixed-Wing Platform Segment to Hold Largest Market Share During Forecast Period Fixed-wing aircraft are projected to account for the largest share of the more electric aircraft market during the forecast period due to substantially higher commercial aircraft production volumes and greater electrical system content compared with most rotary-wing platforms. Narrow-body and wide-body aircraft increasingly incorporate electrically powered environmental control equipment, electric braking, advanced generators, electrically driven pumps, electronic power distribution, and electric actuation technologies. The continued production ramp-up of major commercial aircraft programs is expected to increase demand for generators, power conversion equipment, distribution devices, actuators, and other electrical systems. New-generation aircraft platforms also require higher levels of electrical power to support avionics, passenger systems, and aircraft functions traditionally driven through pneumatic or hydraulic architectures. These factors are expected to maintain the dominance of fixed-wing aircraft throughout the forecast period. Civil End User Segment to Record Significant Growth During Forecast Period The civil aviation segment is expected to account for a major share of incremental more electric aircraft demand due to increasing commercial aircraft production, airline fleet renewal, and rising adoption of electrically intensive aircraft architectures. Narrow-body aircraft are expected to represent a particularly important demand base due to high annual delivery volumes and large order backlogs across major aircraft OEMs. Demand is also expected to increase across wide-body aircraft, regional aircraft, and business aviation as manufacturers focus on reducing aircraft weight, fuel burn, and maintenance requirements. Electrification of secondary aircraft systems allows OEMs to reduce dependence on centralized hydraulic and pneumatic systems while enabling improved system control, monitoring, and efficiency. North America to Hold Substantial Share During Forecast Period North America is projected to remain a major more electric aircraft market supported by a mature aerospace manufacturing base, strong commercial and military aircraft production, and the presence of major aircraft electrical system suppliers. The region has significant capabilities in aircraft generators, power electronics, electric actuation, electrical distribution, environmental control systems, and aircraft power management. The region also benefits from continued investment in next-generation aircraft architectures and increasing adoption of high-voltage electrical systems. Commercial fleet renewal, defense aircraft procurement, and technology development programs are expected to support demand for advanced electrical systems during the forecast period.[AB1.1] The breakdown of profiles for primary participants in the more electric aircraft market is provided below: ・By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25% ・By Designation: Directors – 25%, C-Level Executives – 15%, and Others (Managers and Other Non-C-Level Executives) – 60% ・By Region: North America – 35%, Europe – 25%, Asia Pacific – 20%, Middle East – 10%, Latin America – 5%, and Africa – 5% Safran SA (France), Honeywell Aerospace (US), RTX Corporation (US), GE Aerospace (US), Parker Hannifin Corporation (US), and BAE Systems (UK), among others, are the key companies considered in the more electric aircraft market assessment. Research Coverage: This market study evaluates the more electric aircraft market across its principal segments and subsegments and examines the potential of each market across major countries. The study includes an in-depth assessment of key participants, product portfolios, company positioning, integration programs, contract activity, technology developments, procurement trends, and the strategies adopted to strengthen market presence. Reasons to Buy This Report: The report is intended to help market leaders, suppliers, integrators, and new entrants develop a grounded view of the more electric aircraft revenue opportunity and the competitive environment surrounding it. It supports portfolio planning, market-entry decisions, partner identification, and go-to-market prioritization by combining demand drivers, restraints, country-level procurement signals, technology shifts, and competitive activity in a single market view. The report provides insights into the following pointers: ・Market drivers (rising aircraft electrification, higher electrical power demand, fuel-efficiency targets and replacement of hydraulic and pneumatic systems), restraints (high certification requirements, system integration complexity, thermal-management challenges and high development costs), opportunities (high-voltage electrical architectures, advanced power electronics, electric actuation, starter-generators, solid-state power distribution and lightweight energy-storage systems), and challenges (power-density limitations, heat dissipation, weight optimization, reliability requirements and interoperability across aircraft electrical systems) ・Market Penetration: Comprehensive information on more electric aircraft systems and components offered by leading suppliers across commercial, military, and other aerospace platforms (the analysis evaluates the level of electrical system penetration across existing aircraft programs and the increasing electrical content of new-generation platforms) ・Product Development/Innovation: Detailed assessment of emerging aircraft electrical architectures, high-voltage DC systems, advanced starter-generators, permanent magnet generators, electromechanical actuators, electro-hydrostatic actuators, electric pumps, solid-state power controllers, advanced converters and inverters, and next-generation power distribution technologies ・Market Development: Comprehensive information on high-potential markets across regions including aircraft production programs, fleet modernization, military procurement, aircraft electrification initiatives, aerospace manufacturing expansion and increasing local integration of electrical systems and components ・Market Diversification: Detailed coverage of new electrical products, emerging aircraft programs, underpenetrated geographies, recent contracts, partnerships, technology development programs, investments, and new routes to market across the more electric aircraft value chain ・Competitive Assessment: In-depth evaluation of market share, growth strategies, product positioning, aircraft program participation, electrical system portfolios, integration strengths, manufacturing capabilities, and program exposure of leading participants operating in the more electric aircraft market

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Table of Contents

1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 34
1.3 STUDY SCOPE 35
1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE 35
1.3.2 INCLUSIONS AND EXCLUSIONS 36
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY CONSIDERED 37
1.5 STAKEHOLDERS 38
1.6 SUMMARY OF CHANGES 38
2 EXECUTIVE SUMMARY 39
2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS 39
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 40
2.3 DISRUPTIVE TRENDS IN MORE ELECTRIC AIRCRAFT MARKET 41
2.4 HIGH GROWTH SEGMENTS 42
2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 44
3 PREMIUM INSIGHTS 45
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MORE ELECTRIC AIRCRAFT MARKET 45
3.2 MORE ELECTRIC AIRCRAFT MARKET, BY PLATFORM 46
3.3 MORE ELECTRIC AIRCRAFT MARKET, BY SYSTEM 46
3.4 MORE ELECTRIC AIRCRAFT MARKET, BY END USER 47
3.5 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION 47
4 MARKET OVERVIEW 48
4.1 INTRODUCTION 48
4.2 MARKET DYNAMICS 49
4.2.1 DRIVERS 49
4.2.1.1 Increasing electrification of aircraft systems to enhance performance and efficiency 49
4.2.1.2 Growing emphasis on reducing aircraft operating and maintenance costs 50
4.2.1.3 Growing pressure to reduce aircraft fuel consumption and operational emissions 50
4.2.2 RESTRAINTS 51
4.2.2.1 High development, integration, and certification costs of more electric aircraft architectures 51
4.2.2.2 Power-density and weight limitations of high-power electrical systems 51
4.2.3 OPPORTUNITIES 51
4.2.3.1 Integration of high-voltage and high-power electrical architectures in next-generation commercial aircraft 51
4.2.3.2 Growing electrical power requirements in next-generation and modernized military aircraft 52
4.2.3.3 Growing aftermarket and MRO demand for more electric aircraft systems 52
4.2.4 CHALLENGES 53
4.2.4.1 Managing thermal loads generated by high-power electrical systems 53
4.2.4.2 Electromagnetic interference and compatibility risks in high-power electrical architectures 53
4.3 UNMET NEEDS AND WHITE SPACES IN MORE ELECTRIC AIRCRAFT MARKET 54
4.4 INTER-CONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 54
4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 55
4.5.1 STRATEGIC MOVES BY TIER 1, 2, AND 3 PLAYERS 56
5 INDUSTRY TRENDS 57
5.1 INTRODUCTION 57
5.2 MACROECONOMIC OUTLOOK 57
5.2.1 INTRODUCTION 57
5.2.2 GDP TRENDS AND FORECAST 58
5.2.3 TRENDS IN GLOBAL MORE ELECTRIC AIRCRAFT MARKET 60
5.3 VALUE CHAIN ANALYSIS 60
5.4 ECOSYSTEM ANALYSIS 63
5.5 TRADE ANALYSIS 67
5.5.1 IMPORT SCENARIO (HS CODE 8807) 67
5.5.2 EXPORT SCENARIO (HS CODE 8807) 69
5.6 KEY CONFERENCES & EVENTS, 2026–2027 70
5.7 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
5.8 INVESTMENT & FUNDING SCENARIO 72
5.9 PRICING ANALYSIS 73
5.9.1 AVERAGE SELLING PRICE RANGE, BY COMPONENT 73
5.9.2 INDICATIVE PRICING ANALYSIS, BY COMPONENT 74
5.9.3 AVERAGE SELLING PRICE RANGE, BY PLATFORM, 2025 75
5.10 OPERATIONAL DATA 76
5.11 CASE STUDIES 77
5.11.1 CASE STUDY 1: BOEING 787 IMPLEMENTS MORE-ELECTRIC AIRCRAFT ARCHITECTURE 77
5.11.2 CASE STUDY 2: AIRBUS A350 REDUCES HYDRAULIC DEPENDENCE THROUGH ELECTRIC ACTUATION 77
5.11.3 CASE STUDY 3: BELL SELECTS SAFRAN HIGH-VOLTAGE STARTER-GENERATION FOR FLRAA 78
5.12 TOTAL COST OF OWNERSHIP 78
5.12.1 INTEGRATION AND DEPLOYMENT COSTS 78
5.12.2 TRAINING AND SPARES COSTS 79
5.12.3 ANNUAL OPERATIONS & MAINTENANCE COSTS 79
5.12.4 MID-LIFE UPGRADE & SYSTEM REFRESH COSTS 79
5.12.5 OTHER COSTS 79
5.13 BILL OF MATERIALS 80
5.13.1 BUSINESS MODELS 81
5.13.2 DIRECT SYSTEM SALES (CAPITAL PROCUREMENT MODEL) 81
5.13.3 LONG-TERM OEM LINE-FIT SUPPLY MODEL 82
5.13.4 RETROFIT & MODERNIZATION MODEL 82
5.13.5 AFTERMARKET, SPARES, AND MRO MODEL 82
5.13.6 JOINT DEVELOPMENT/RISK-SHARING MODEL 82
6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, AND AI ADOPTION 83
6.1 KEY EMERGING TECHNOLOGIES 83
6.1.1 HIGH-VOLTAGE ELECTRICAL ARCHITECTURES AND SOLID-STATE POWER DISTRIBUTION 83
6.1.2 SILICON CARBIDE (SIC)–BASED HIGH-POWER-DENSITY POWER ELECTRONICS 83
6.1.3 ADVANCED ELECTROMECHANICAL ACTUATION AND DISTRIBUTED ELECTRIC ACTUATION 83
6.2 COMPLEMENTARY TECHNOLOGIES 84
6.2.1 INTEGRATED POWER & THERMAL MANAGEMENT SYSTEMS 84
6.2.2 DIGITAL TWINS & MODEL-BASED ELECTRICAL SYSTEM VALIDATION 84
6.3 ADJACENT TECHNOLOGIES 84
6.3.1 HYBRID-ELECTRIC PROPULSION 84
6.3.2 HYDROGEN FUEL-CELL ELECTRIC PROPULSION 85
6.4 TECHNOLOGY/PRODUCT ROADMAP 85
6.5 EMERGING TECHNOLOGY TRENDS 86
6.5.1 WIDE-BANDGAP SEMICONDUCTORS FOR AEROSPACE POWER ELECTRONICS 86
6.5.2 DISTRIBUTED AND ZONAL INTELLIGENT POWER-DISTRIBUTION ARCHITECTURES 87
6.5.3 SOLID-STATE CIRCUIT BREAKERS AND ULTRAFAST FAULT ISOLATION 87
6.5.4 HIGH-VOLTAGE ARC, PARTIAL-DISCHARGE, AND INSULATION FAULT MANAGEMENT 87
6.5.5 DIGITAL TWINS AND VIRTUAL VALIDATION OF AIRCRAFT ELECTRICAL ARCHITECTURES 88
6.5.6 PROGNOSTICS AND HEALTH MANAGEMENT OF ELECTRICAL POWER ASSETS 88
6.5.7 HIGH-DENSITY PACKAGING AND MODULAR POWER-ELECTRONICS BUILDING BLOCKS 88
6.6 PATENT ANALYSIS 89
6.7 FUTURE APPLICATIONS 94
6.8 IMPACT OF AI/GEN AI ON MORE ELECTRIC AIRCRAFT MARKET 96
6.8.1 TOP USE CASES AND MARKET POTENTIAL MORE ELECTRIC AIRCRAFT MARKET 97
6.8.2 BEST PRACTICES FOLLOWED BY MANUFACTURERS IN MORE ELECTRIC AIRCRAFT MARKET 99
6.8.3 CASE STUDIES OF AI IMPLEMENTATION IN MORE ELECTRIC AIRCRAFT MARKET 100
6.8.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 101
6.8.5 CLIENTS’ READINESS TO ADOPT GEN AI 102
6.9 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 102
7 CUSTOMER LANDSCAPE AND BUYER BEHAVIOR 104
7.1 DECISION-MAKING PROCESS 104
7.2 KEY STAKEHOLDERS IN BUYING PROCESS AND THEIR EVALUATION CRITERIA 105
7.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 106
7.2.2 BUYING CRITERIA 107
7.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES 108
7.4 UNMET NEEDS OF END USERS 110
7.4.1 NEED FOR HIGH-EFFICIENCY, RELIABLE, AND LIGHTWEIGHT ELECTRICAL SYSTEMS 110
7.4.2 NEED FOR INTEROPERABLE, SCALABLE, AND FUTURE-READY ELECTRICAL ARCHITECTURES 110
7.4.3 NEED FOR FLEET-WIDE COVERAGE AND LIFECYCLE PRODUCT CONTINUITY 110
8 SUSTAINABILITY AND REGULATORY LANDSCAPE 111
8.1 REGIONAL REGULATIONS AND COMPLIANCE 111
8.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 112
8.1.2 INDUSTRY STANDARDS 127
8.2 SUSTAINABILITY INITIATIVES 131
8.2.1 ECO-APPLICATIONS 133
8.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 135
8.3.1 SUSTAINABILITY IMPACT ON MORE ELECTRIC AIRCRAFT MARKET 136
8.3.2 REGULATORY POLICIES GOVERNING MORE ELECTRIC AIRCRAFT CERTIFICATION, PROCUREMENT, AND DEPLOYMENT 137
8.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 141
9 MORE ELECTRIC AIRCRAFT MARKET, BY PLATFORM (MARKET SIZE & FORECAST TO 2031-USD MILLION) 145
9.1 INTRODUCTION 146
9.2 FIXED-WING 147
9.2.1 INCREASING ELECTRICAL POWER REQUIREMENTS DRIVE ADOPTION IN FIXED-WING AIRCRAFT 147
9.2.2 NARROW-BODY AIRCRAFT 148
9.2.2.1 Weight optimization and operational efficiency to drive market 148
9.2.3 WIDE-BODY AIRCRAFT 149
9.2.3.1 Higher electrical power requirements and fuel efficiency targets to drive market 149
9.2.4 REGIONAL AIRCRAFT 149
9.2.4.1 High-flight cycle intensity and maintenance cost optimization to drive market 149
9.2.5 FIGHTER JETS 150
9.2.5.1 Rising mission-system electrical loads and power density requirements to drive market 150
9.3 ROTARY-WING 150
9.3.1 REDUCTION OF HYDRAULIC SYSTEM COMPLEXITY AND IMPROVEMENT IN MISSION RELIABILITY TO DRIVE MARKET 150
9.3.2 MEDIUM HELICOPTERS 151
9.3.2.1 Increasing need for efficient electrical power management to drive market 151
9.3.3 HEAVY HELICOPTERS 152
9.3.3.1 High auxiliary power demand and payload efficiency requirements to drive market 152
10 MORE ELECTRIC AIRCRAFT MARKET, BY SYSTEM (MARKET SIZE & FORECAST TO 2031-USD MILLION) 153
10.1 INTRODUCTION 154
10.2 PROPULSION SYSTEM 155
10.2.1 INCREASING ELECTRIFICATION OF PROPULSION-ASSOCIATED FUNCTIONS TO DRIVE MARKET 155
10.2.2 FUEL MANAGEMENT SYSTEM 156
10.2.2.1 Electrification of fuel pumping and metering to reduce parasitic power losses and optimize fuel delivery to drive market 156
10.2.3 THRUST REVERSER SYSTEM 156
10.2.3.1 Reduced hydraulic complexity and improved deployment reliability to drive market 156
10.3 AIRCRAFT SYSTEM 157
10.3.1 INCREASING ELECTRIFICATION OF ONBOARD AIRCRAFT FUNCTIONS TO DRIVE MARKET 157
10.3.2 ENVIRONMENTAL CONTROL SYSTEM 158
10.3.2.1 Elimination of engine bleed-air dependence to improve aircraft energy efficiency to drive market 158
10.3.3 ACCESSORY DRIVE SYSTEM 159
10.3.3.1 Shift from mechanically driven accessories toward independently controlled electric drives to drive market 159
10.3.4 POWER MANAGEMENT SYSTEM 159
10.3.4.1 Rising electrical loads and increasing power-network complexity to drive intelligent power management adoption 159
10.3.5 CABIN INTERIOR SYSTEM 160
10.3.5.1 Increasing electrical demand from connected and digitally equipped cabins to drive market 160
11 MORE ELECTRIC AIRCRAFT MARKET, BY COMPONENT (MARKET SIZE & FORECAST TO 2031-USD MILLION) 161
11.1 INTRODUCTION 162
11.2 ENGINE 164
11.2.1 INCREASING ELECTRIFICATION OF ENGINE ACCESSORIES AND POWER OFFTAKE FOR PROPULSION EFFICIENCY TO DRIVE MARKET 164
11.3 BATTERY 164
11.3.1 GROWING NEED FOR HIGH-POWER ENERGY STORAGE AND PEAK-LOAD SUPPORT TO DRIVE MARKET 164
11.4 FUEL CELLS 165
11.4.1 DEMAND FOR LOW-EMISSION ONBOARD POWER GENERATION TO DRIVE MARKET 165
11.5 SOLAR CELLS 165
11.5.1 INCREASING DEMAND FOR SUPPLEMENTAL ELECTRICAL POWER AND EXTENDED ENERGY AVAILABILITY TO DRIVE MARKET 165
11.6 GENERATORS 166
11.6.1 RISING ONBOARD ELECTRICAL LOADS AND TRANSITION TOWARD HIGHER-CAPACITY POWER GENERATION TO DRIVE MARKET 166
11.6.2 STARTER GENERATORS 167
11.6.2.1 Integration of engine starting and power generation functions for reduced weight and system complexity to drive market 167
11.6.3 AUXILIARY POWER UNITS (APU) 167
11.6.3.1 Growing demand for independent electrical power during ground and non-propulsive operations to drive market 167
11.6.4 VSCF GENERATORS 168
11.6.4.1 Need for stable electrical frequency across variable engine speeds to drive market 168
11.7 ACTUATORS 168
11.7.1 SHIFT TOWARD DISTRIBUTED ELECTRIC ACTUATION FOR REDUCED HYDRAULIC DEPENDENCE AND IMPROVED SYSTEM EFFICIENCY TO DRIVE MARKET 168
11.7.2 ELECTRIC 169
11.7.2.1 Replacement of centralized hydraulic actuation with point-of-use electrical motion control to drive market 169
11.7.3 HYBRID ELECTRIC 170
11.7.3.1 Need to combine hydraulic force density with distributed electrical control and redundancy to drive market 170
11.7.4 ELECTRO-HYDRO-STATIC ACTUATORS (EHA) 171
11.7.4.1 Increasing adoption of localized hydraulic power generation to reduce centralized hydraulic infrastructure to drive market 171
11.7.5 ELECTRO-MECHANICAL ACTUATORS (EMA) 171
11.7.5.1 Increasing replacement of fluid-based actuation with direct electrical-to-mechanical motion to drive market 171
11.7.6 ELECTRICAL BACKUP HYDRAULIC ACTUATORS (EBHA) 172
11.7.6.1 Growing requirement for independent backup actuation and enhanced fault tolerance to drive market 172
11.8 ELECTRIC PUMPS 172
11.8.1 SHIFT TOWARD DEMAND-BASED FLUID POWER GENERATION TO REDUCE MECHANICAL POWER EXTRACTION TO DRIVE MARKET 172
11.9 POWER ELECTRONICS 173
11.9.1 RISING NEED FOR HIGH-EFFICIENCY POWER CONVERSION ACROSS MULTI-VOLTAGE AIRCRAFT ELECTRICAL ARCHITECTURES TO DRIVE MARKET 173
11.9.2 RECTIFIERS 174
11.9.2.1 Growing adoption of high-voltage DC architectures to increase demand for efficient AC-to-DC conversion 174
11.9.3 INVERTERS 174
11.9.3.1 Increasing deployment of variable-speed electric motors and actuation systems to drive market 174
11.9.4 POWER CONVERTERS 175
11.9.4.1 Increasing integration of multiple voltage levels and electrical power sources to drive market 175
11.10 DISTRIBUTION DEVICES 175
11.10.1 EXPANSION OF HIGH-VOLTAGE ELECTRICAL ARCHITECTURES AND NEED FOR LIGHTWEIGHT POWER DISTRIBUTION TO DRIVE MARKET 175
11.10.2 WIRES & CABLES 176
11.10.2.1 Rising high-voltage power transmission requirements and need to reduce wiring weight to drive market 176
11.10.3 CONNECTORS & CONNECTOR ACCESSORIES 177
11.10.3.1 Increasing need for reliable high-voltage interconnections in harsh aircraft operating environments to drive market 177
11.10.4 BUSBARS 177
11.10.4.1 Growing demand for compact high-current distribution and improved power density to drive market 177
11.11 VALVES 178
11.11.1 GROWING ADOPTION OF ELECTRICALLY CONTROLLED FLUID MANAGEMENT FOR PRECISION AND REDUCED HYDRAULIC SYSTEM COMPLEXITY TO DRIVE MARKET 178
11.12 LANDING GEARS 178
11.12.1 ELECTRIFICATION OF BRAKING, STEERING, AND GEAR ACTUATION TO DRIVE MARKET 178
12 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2031-USD MILLION) 179
12.1 INTRODUCTION 180
12.2 POWER GENERATION 181
12.2.1 RISING ONBOARD ELECTRICAL LOADS AND NEED FOR HIGHER POWER DENSITY GENERATION TO DRIVE MARKET 181
12.3 POWER DISTRIBUTION 181
12.3.1 EXPANSION OF HIGH-VOLTAGE ELECTRICAL NETWORKS AND NEED FOR LIGHTWEIGHT, RELIABLE POWER DELIVERY TO DRIVE MARKET 181
12.4 POWER CONVERSION 182
12.4.1 INCREASING INTEGRATION OF MULTI-VOLTAGE ELECTRICAL SOURCES AND LOADS TO DRIVE MARKET 182
12.5 ENERGY STORAGE 182
12.5.1 GROWING REQUIREMENT FOR PEAK-POWER SUPPORT, BACKUP CAPABILITY, AND ELECTRICAL SYSTEM RESILIENCE TO DRIVE MARKET 182
13 MORE ELECTRIC AIRCRAFT MARKET, BY END USER (MARKET SIZE & FORECAST TO 2031-USD MILLION) 184
13.1 INTRODUCTION 185
13.2 CIVIL 186
13.2.1 GROWING FOCUS ON FUEL EFFICIENCY, OPERATING COST REDUCTION, AND DISPATCH RELIABILITY TO DRIVE MARKET 186
13.3 MILITARY 186
13.3.1 RISING POWER DEMAND AND NEED FOR ENHANCED MISSION AVAILABILITY TO DRIVE MARKET 186
14 MORE ELECTRIC AIRCRAFT MARKET, BY REGION (MARKET SIZE & FORECAST TO 2031-USD MILLION) 188
14.1 INTRODUCTION 189
14.2 NORTH AMERICA 191
14.2.1 US 194
14.2.1.1 Large aircraft fleet and increasing adoption of more-electric architectures across platforms to drive market 194
14.2.2 CANADA 196
14.2.2.1 Strong aerospace manufacturing base and increasing integration of electrical architectures to boost market 196
14.3 EUROPE 199
14.3.1 FRANCE 202
14.3.1.1 Strong aircraft manufacturing ecosystem and advanced electrical-system integration to drive market 202
14.3.2 GERMANY 204
14.3.2.1 Advancement of high-efficiency power electronics and electrical distribution technologies to drive market 204
14.3.3 UK 207
14.3.3.1 Rising military electrical loads and high-power generation requirements to drive market 207
14.3.4 ITALY 209
14.3.4.1 Increasing electrification of actuation and landing-gear functions to drive market 209
14.3.5 RUSSIA 211
14.3.5.1 Localization of electrical power generation and distribution technologies to drive market 211
14.3.6 REST OF EUROPE 213
14.3.6.1 Expansion of specialized electrical components and energy-storage technologies to drive market 213
14.4 ASIA PACIFIC 216
14.4.1 CHINA 220
14.4.1.1 Expansion of domestic aircraft programs and localization of electrical-system capabilities to drive market 220
14.4.2 INDIA 222
14.4.2.1 Expansion of local power-and-control engineering capabilities to drive market 222
14.4.3 JAPAN 225
14.4.3.1 Integrated power and thermal management technologies to drive market growth 225
14.4.4 SOUTH KOREA 227
14.4.4.1 Indigenous fighter production and rising mission-system power demand to drive market growth 227
14.4.5 AUSTRALIA 230
14.4.5.1 Advanced combat aircraft modernization and increasing power-and-thermal management requirements to drive growth 230
14.4.6 REST OF ASIA PACIFIC 232
14.4.6.1 Expansion of aircraft electrical-system manufacturing and MRO capabilities to drive market 232
14.5 LATIN AMERICA 235
14.5.1 BRAZIL 239
14.5.1.1 Embraer-led integration of advanced electrical architectures to drive market 239
14.5.2 MEXICO 241
14.5.2.1 Expansion of aircraft electrical interconnection manufacturing capacity to drive market 241
14.5.3 REST OF LATIN AMERICA 243
14.5.3.1 Defense fleet modernization and growing aerospace industrial cooperation to drive market 243
14.6 MIDDLE EAST & AFRICA 246
14.6.1 GCC COUNTRIES 250
14.6.1.1 Saudi Arabia 251
14.6.1.1.1 Large-scale adoption of more-electric widebody architectures to drive market growth 251
14.6.1.2 UAE 253
14.6.1.2.1 Large-scale adoption of more electric widebody aircraft to drive market growth 253
14.6.2 ISRAEL 256
14.6.2.1 Expansion of APU aftermarket and aircraft electrical-system engineering capabilities to drive market 256
14.6.3 SOUTH AFRICA 259
14.6.3.1 Expansion of aircraft electrical-system MRO and power generation support capabilities to drive market 259
14.6.4 REST OF MIDDLE EAST & AFRICA 261
14.6.4.1 Increasing adoption of more electric wide-body aircraft to drive market growth 261
15 COMPETITIVE LANDSCAPE 264
15.1 INTRODUCTION 264
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2026 264
15.3 REVENUE ANALYSIS, 2021–2025 267
15.4 MARKET SHARE ANALYSIS, 2025 268
15.5 BRAND/PRODUCT COMPARISON 271
15.6 COMPANY VALUATION AND FINANCIAL METRICS 273
15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 274
15.7.1 STARS 274
15.7.2 EMERGING LEADERS 274
15.7.3 PERVASIVE PLAYERS 274
15.7.4 PARTICIPANTS 274
15.7.5 COMPANY FOOTPRINT, KEY PLAYERS,2025 276
15.7.5.1 Company footprint 276
15.7.5.2 Region footprint 277
15.7.5.3 Platform footprint 278
15.7.5.4 System footprint 279
15.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 279
15.8.1 PROGRESSIVE COMPANIES 279
15.8.2 RESPONSIVE COMPANIES 279
15.8.3 DYNAMIC COMPANIES 280
15.8.4 STARTING BLOCKS 280
15.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025 281
15.8.5.1 List of startups/SMEs 281
15.8.5.2 Competitive benchmarking of startups/SMEs 282
15.9 COMPETITIVE SCENARIO 282
15.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 282
15.9.2 DEALS 290
15.9.3 OTHER DEVELOPMENTS 298
16 COMPANY PROFILES 303
16.1 KEY PLAYERS 303
16.1.1 SAFRAN 303
16.1.1.1 Business overview 303
16.1.1.2 Products/Solutions/Services Offered 304
16.1.1.3 Recent developments 305
16.1.1.3.1 Product launches/developments 305
16.1.1.3.2 Deals 306
16.1.1.3.3 Other developments 307
16.1.1.4 MnM View 308
16.1.1.4.1 Right to win 308
16.1.1.4.2 Strategic choices 308
16.1.1.4.3 Weaknesses and competitive threats 308
16.1.2 HONEYWELL AEROSPACE 309
16.1.2.1 Business overview 309
16.1.2.2 Products/Solutions/Services Offered 310
16.1.2.3 Recent developments 311
16.1.2.3.1 Product launches/developments 311
16.1.2.3.2 Deals 312
16.1.2.3.3 Other developments 313
16.1.2.4 MnM View 313
16.1.2.4.1 Right to win 313
16.1.2.4.2 Strategic choices 314
16.1.2.4.3 Weaknesses and competitive threats 314
16.1.3 RTX CORPORATION 315
16.1.3.1 Business overview 315
16.1.3.2 Products/Solutions/Services Offered 316
16.1.3.3 Recent developments 318
16.1.3.3.1 Product launches/developments 318
16.1.3.3.2 Deals 319
16.1.3.3.3 Other developments 320
16.1.3.4 MnM View 320
16.1.3.4.1 Right to win 320
16.1.3.4.2 Strategic choices 320
16.1.3.4.3 Weaknesses and competitive threats 321
16.1.4 GE AEROSPACE 322
16.1.4.1 Business overview 322
16.1.4.2 Products/Solutions/Services Offered 323
16.1.4.3 Recent developments 325
16.1.4.3.1 Product launches/developments 325
16.1.4.3.2 Deals 326
16.1.4.3.3 Other developments 326
16.1.4.4 MnM View 327
16.1.4.4.1 Right to win 327
16.1.4.4.2 Strategic choices 327
16.1.4.4.3 Weaknesses and competitive threats 327
16.1.5 PARKER HANNIFIN CORP 328
16.1.5.1 Business overview 328
16.1.5.2 Products/Solutions/Services Offered 329
16.1.5.3 Recent developments 331
16.1.5.3.1 Product launches/developments 331
16.1.5.3.2 Deals 332
16.1.5.4 MnM View 333
16.1.5.4.1 Right to win 333
16.1.5.4.2 Strategic choices 333
16.1.5.4.3 Weaknesses and competitive threats 333
16.1.6 BAE SYSTEMS 334
16.1.6.1 Business overview 334
16.1.6.2 Products/Solutions/Services Offered 335
16.1.6.3 Recent developments 336
16.1.6.3.1 Product launches/developments 336
16.1.6.3.2 Deals 336
16.1.6.3.3 Other developments 337
16.1.7 LIEBHERR-AEROSPACE & TRANSPORTATION SAS 338
16.1.7.1 Business overview 338
16.1.7.2 Products/Solutions/Services Offered 339
16.1.7.3 Recent developments 340
16.1.7.3.1 Product launches/developments 340
16.1.7.3.2 Deals 341
16.1.7.3.3 Other Developments 342
16.1.8 AMETEK INC. 343
16.1.8.1 Business overview 343
16.1.8.2 Products/Solutions/Services Offered 344
16.1.8.3 Recent developments 349
16.1.8.3.1 Product launches/developments 349
16.1.8.3.2 Deals 350
16.1.8.3.3 Other developments 350
16.1.9 NABTESCO CORPORATION 351
16.1.9.1 Business overview 351
16.1.9.2 Products/Solutions/Services Offered 352
16.1.9.3 Recent developments 353
16.1.9.3.1 Product launches/developments 353
16.1.10 MOOG INC. 354
16.1.10.1 Business overview 354
16.1.10.2 Products/Solutions/Services Offered 355
16.1.10.3 Recent developments 357
16.1.10.3.1 Product launches/developments 357
16.1.10.3.2 Deals 358
16.1.11 ASTRONICS CORPORATION 359
16.1.11.1 Business overview 359
16.1.11.2 Products/Solutions/Services Offered 360
16.1.11.3 Recent developments 363
16.1.11.3.1 Product launches/developments 363
16.1.12 EATON 364
16.1.12.1 Business overview 364
16.1.12.2 Products/Solutions/Services Offered 365
16.1.12.3 Recent developments 367
16.1.12.3.1 Product launches/developments 367
16.1.12.3.2 Deals 368
16.1.13 THALES 369
16.1.13.1 Business overview 369
16.1.13.2 Products/Solutions/Services Offered 370
16.1.13.3 Recent developments 373
16.1.13.3.1 Deals 373
16.1.14 CURTISS-WRIGHT CORPORATION 374
16.1.14.1 Business overview 374
16.1.14.2 Products/Solutions/Services Offered 375
16.1.14.3 Recent developments 376
16.1.14.3.1 Deals 376
16.1.15 CRANE COMPANY 377
16.1.15.1 Business overview 377
16.1.15.2 Products/Solutions/Services Offered 378
16.1.15.3 Recent developments 380
16.1.15.3.1 Deals 380
16.2 OTHER PLAYERS 381
16.2.1 TAMAGAWA SEIKI CO., LTD. 381
16.2.2 GLENAIR 382
16.2.3 UMBRAGROUP 383
16.2.4 MAROTTA CONTROLS, INC. 384
16.2.5 H3X TECHNOLOGIES INC. 385
16.2.6 KGS ELECTRONICS 386
16.2.7 INGENIUM TECHNOLOGIES CORP. 387
16.2.8 LYNXEO 388
16.2.9 RADIALL 389
16.2.10 CROUZET 390
17 RESEARCH METHODOLOGY 392
17.1 RESEARCH DATA 392
17.1.1 SECONDARY DATA 394
17.1.1.1 Key data from secondary sources 394
17.1.1.2 List of key secondary sources 397
17.1.2 PRIMARY DATA 397
17.1.2.1 Key data from primary sources 397
17.1.2.2 Key primary participants 401
17.1.2.3 Breakdown of primary interviews 402
17.2 MARKET SIZE ESTIMATION 403
17.2.1 BOTTOM-UP APPROACH 403
17.2.2 TOP-DOWN APPROACH 409
17.2.3 MARKET SIZE CALCULATION FOR BASE YEAR 411
17.3 MARKET FORECAST APPROACH 412
17.3.1 SUPPLY SIDE 413
17.3.2 DEMAND SIDE 418
17.4 DATA TRIANGULATION 422
17.5 FACTOR ANALYSIS 424
17.6 RESEARCH ASSUMPTIONS 431
17.7 RESEARCH LIMITATIONS 433
17.8 RISK ASSESSMENT 434
18 APPENDIX 435
18.1 DISCUSSION GUIDE 435
18.2 ANNEXURE 437
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 438
18.4 CUSTOMIZATION OPTIONS 440
18.5 RELATED REPORTS 440
18.6 AUTHOR DETAILS 441