More Electric Aircraft Market to grow with a CAGR of 6.51% through 2029F

The growing focus on reducing carbon emissions, advancements in battery technology, and increasing government incentives for green aviation are the factors driving the market in the forecast period 2025-2029.

According to TechSci Research report, “More Electric Aircraft Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global More Electric Aircraft Market stood at USD 8.48 billion in 2023 and is expected to reach USD 12.36 billion by 2029 with a CAGR of 6.51% in the forecast period. The Global More Electric Aircraft Market is experiencing rapid growth as the demand for sustainable aviation solutions intensifies. The industry is transitioning to electric systems that minimize reliance on conventional hydraulic and pneumatic technologies, addressing concerns about emissions and energy efficiency. Breakthroughs in power electronics, energy storage solutions, and electric propulsion systems are improving aircraft performance and supporting compliance with evolving environmental standards. Increasing investments in innovation are further advancing the integration of these systems across various aircraft types.

Key trends in the market include the adoption of hybrid and electric propulsion technologies, which are reshaping aircraft design and functionality. Developments in energy management systems and the use of lightweight materials are enhancing operational efficiency. Innovations in electric actuation systems and environmental control systems are also contributing to the shift towards greener aviation. Collaboration between aviation companies and technology providers is creating opportunities to develop scalable, cost-efficient solutions that meet strict regulations.

Despite these advancements, challenges persist in the form of high development costs and integration complexities. Current limitations in battery technology and energy storage capacity hinder progress toward fully electric aircraft. Infrastructure requirements for charging and system maintenance remain additional obstacles. Nevertheless, the industry’s focus on sustainability and the potential for long-term cost savings continue to fuel transformative growth.

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The global More Electric Aircraft (MEA) market is segmented into aircraft type, application type, system type and region.

The Global More Electric Aircraft Market is segmented by system type into propulsion and airframe systems. Propulsion systems play a vital role in transitioning to more electric configurations by replacing traditional engines with hybrid or electric alternatives. These systems integrate electric motors, advanced power electronics, and energy storage technologies, enabling enhanced efficiency and reduced emissions. Innovations in propulsion systems are helping address the growing demand for sustainable aviation solutions while maintaining performance and reliability across various aircraft types. Electric propulsion also supports quieter operations, which is particularly relevant for urban air mobility and other noise-sensitive environments.

Airframe systems are also undergoing significant advancements as the industry shifts toward electrification. These systems include critical components such as landing gear, flight control systems, and actuators, which are increasingly being powered by electric technologies. The adoption of electric systems in airframes improves reliability, reduces maintenance requirements, and contributes to lighter and more energy-efficient aircraft designs. This shift aligns with the goal of reducing dependence on hydraulic and pneumatic systems, offering streamlined operations and better resource utilization.

Both propulsion and airframe systems reflect the broader move toward greener aviation practices. By integrating electric technologies, these systems contribute to improved energy efficiency and reduced environmental impact. The emphasis on electrification in these segments highlights the aviation industry’s commitment to innovation and sustainability, meeting regulatory and operational objectives while laying the foundation for future advancements.

Based on region, Asia-Pacific emerged as the fastest-growing region in the Global More Electric Aircraft Market in 2023. The region has been making substantial strides in the adoption of electric aviation technologies due to the increasing focus on sustainability and reducing carbon emissions. Several governments in Asia-Pacific are actively supporting the development of green aviation through favorable policies and regulatory frameworks aimed at reducing the environmental footprint of the aviation sector. This is driving demand for more electric aircraft across the region.

The rapid development of infrastructure for electric aircraft, including charging stations and maintenance facilities, has contributed to the growth in the region. Additionally, the rise of urban air mobility and increased investments in hybrid and electric aircraft technologies have spurred further growth. Many countries in Asia-Pacific are also working toward integrating electric propulsion systems into both commercial and defense aviation fleets, enhancing operational efficiency and environmental performance.

The region’s growing middle class and expanding air travel networks also play a crucial role in accelerating the demand for more electric aircraft. This growth is supported by the increasing need for cost-effective, sustainable solutions as the aviation industry in Asia-Pacific continues to expand. As a result, Asia-Pacific has emerged as a key player in the global transition to more electric aviation.

Major companies operating in Global More Electric Aircraft Market are:

• The Boeing Company
• Airbus SE
• Lockheed Martin Corporation
• Safran SA
• Honeywell International Inc.
• RTX Corporation
• General Electric Company
• Moog Inc.
• Parker-Hannifin Corporation
• Eaton Corporation plc

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 “The global More Electric Aircraft (MEA) market is expanding rapidly due to advancements in electrical systems and growing demand for fuel efficiency and sustainability. MEA technology aims to replace traditional hydraulic and mechanical systems with electric components, enhancing operational efficiency and reducing environmental impact. Key drivers include regulatory support for reducing carbon emissions and innovations in power electronics and energy storage. The market spans commercial, regional, business, and military aircraft, with significant growth in North America, Europe, and Asia-Pacific. Despite challenges like high development costs, opportunities for innovation and collaboration are set to drive future market growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“More Electric Aircraft Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Aircraft Type (Fixed, Rotary, Hybrid), By System Type (Propulsion, Airframe), By Application Type (Power Distribution, Passenger Comfort, Air Pressurization & Conditioning, Flight Control & Operations), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global More Electric Aircraft Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global More Electric Aircraft Market.

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