Market Overview

According to fortune business insights, the global aircraft electrical system market size was valued at USD 23.54 billion in 2025. The market is projected to grow from USD 25.31 billion in 2026 to USD 46.85 billion by 2034, exhibiting a CAGR of 8.00% during the forecast period. North America dominated the aircraft electrical system market with a market share of 50.42% in 2025.

The analysis shows that the increasing use of lightweight wiring in commercial aircraft and advancements in high-density battery solutions for electric aircraft are propelling market growth. For instance, in May 2024, Safran Electrical & Power was selected to provide an electrical power generation system for the U.S. Army's Future Long Range Assault Aircraft (FLRAA) program. This trend indicates strong demand for advanced electrical systems in aviation.

Major Players Profiled in the Market Report:

• Ametek (U.S.)
• Amphenol Corporation (U.S.)
• Astronics Corporation (U.S.)
• Bae Systems (U.K.)
• Crane Aerospace & Electronics (U.S.)
• GE Aviation (U.S.)
• Honeywell International Inc. (U.S.)
• Meggitt (U.K.)
• Safran (France)
• Thales Group (France)
• United Technologies Corporation (U.S.)

Segments

Fixed-Wing Segment to Lead Market Due to Innovations in Power Electronics

Based on platform, the market is classified into fixed-wing and rotary-wing. The fixed-wing segment holds the largest market share owing to innovations in power electronics, electric motors, and the burgeoning demand for aircraft electrification amid stringent regulatory requirements.

Generators Segment to Dominate Due to Demand for Efficient Power Generation

By component, the market is categorized into generators, conversion devices, distribution devices, battery management systems, and others. The generators segment is projected to remain the dominant segment owing to the increasing demand for efficient power generation in both fixed-wing and rotary-wing aircraft.