More Electric Aircraft Market Size, Share, and Growth Analysis, By Aircraft Type, By Platform, By System, By Aircraft System, By Application, By End-user, By Region - Industry Forecast 2025-2032

Global More Electric Aircraft Market size was valued at USD 4.6 billion in 2023 and is poised to grow from USD 5.12 billion in 2024 to USD 12.15 billion by 2032, growing at a CAGR of 11.4% during the forecast period (2025-2032).

The aviation industry is witnessing a significant shift towards electric aircraft, driven by rising demand for cost-efficiency and sustainability as traditional aircraft incur high maintenance and operational costs. More Electric Aircraft (MEA) technology leverages electrical energy across onboard systems, leading to reduced weight and lower environmental impact. This trend is gaining momentum as MEA solutions replace hydraulic and pneumatic systems, aligning with global aviation regulations. The transition not only enhances aircraft performance but also lowers fuel consumption and greenhouse gas emissions, resulting in decreased assembly and maintenance costs. As a result, the US More Electric Aircraft Market is positioned for sustainable growth in the forecast period, fueled by the increasing necessity for eco-friendly aviation solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global More Electric Aircraft market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global More Electric Aircraft Market Segments Analysis

Global More Electric Aircraft Market is segmented by Aircraft Type, Platform, System, Aircraft System, Application, End-user and region. Based on Aircraft Type, the market is segmented into Fixed Wing and Rotary Wing. Based on Platform, the market is segmented into Commercial Aircraft and Military Aircraft. Based on System, the market is segmented into Aircraft Configuration and Management System, Flight Control and Mission Management System, Air Pressurization and Conditioning System, Power Generation and Management System and Others. Based on Aircraft System, the market is segmented into Propulsion System and Airframe System. Based on Application, the market is segmented into Power Generation, Power Distribution, Power Conversion and Energy Storage. Based on End-user, the market is segmented into Civil and Military. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global More Electric Aircraft Market

The growth of the Global More Electric Aircraft market is significantly driven by technological advancements across various sectors. Innovations in electric propulsion systems, energy storage solutions, and lightweight materials are enhancing the viability and performance of electric aircraft. Notably, advancements in battery technology have led to improvements in energy densities and charging speeds, crucial for extending the operational range and efficiency of these aircraft. Additionally, progress in power electronics and electric motor technologies is further bolstering the performance and reliability of More Electric Aircraft. Collectively, these factors create a robust framework for the increasing adoption of electric aviation solutions.

Restraints in the Global More Electric Aircraft Market

The global More Electric Aircraft (MEA) market faces considerable restraints primarily due to the elevated initial investment and development costs linked to electric propulsion technology. Transitioning from conventional aircraft systems to more electric alternatives necessitates significant financial commitments in research and development, along with the manufacturing of advanced components. The creation of innovative electric propulsion systems, energy storage solutions, and lightweight materials demands substantial capital investment. This financial hurdle poses a significant barrier to entry for many aerospace firms, particularly smaller companies or new entrants, making it challenging for them to compete in this evolving market landscape.

Market Trends of the Global More Electric Aircraft Market

The global more electric aircraft (MEA) market is witnessing a marked trend towards the adoption of hybrid-electric propulsion systems, which are redefining aviation's future. This innovative approach integrates conventional jet engines with electric motors, leveraging the strengths of both technologies. As a result, hybrid-electric aircraft achieve longer operational ranges and enhanced efficiency while significantly reducing emissions and operational costs. This duality promotes a smoother transition to full electric capabilities, offering airlines greater operational flexibility and paving the way for sustainable aviation. The growing emphasis on environmental sustainability and fuel efficiency underscores the increasing prevalence of hybrid-electric solutions in the aviation sector.