More Electric Aircraft Market: Next-Gen Aircraft Design, Electrical Systems & Growth Outlook

According to IMARC Group's latest research publication, The global more electric aircraft market size was valued at USD 2.45 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 7.8 Billion by 2033, exhibiting a CAGR of 13.7% from 2025-2033.

How AI is Reshaping the Future of More Electric Aircraft Market

• Autonomous Flight Control and Navigation: AI-powered flight systems use sensors to help planes fly safely. They can avoid obstacles, react to changing weather, and make smart decisions automatically. This makes flights safer and reduces the pilot’s workload, especially in busy cities or at low altitudes.
• Predictive Maintenance and Monitoring: Machine learning monitors motors, batteries, rotors, and other parts to spot problems before they happen. This lets maintenance be done early, reducing downtime, improving reliability, and helping operators get the most from their electric aircraft.
• Route Optimization and Energy Management: AI systems calculate the best flight paths by checking air traffic, weather, and airport conditions. They find energy-efficient routes, save power, extend flight range, and ensure batteries are used efficiently during every trip.

Access the Latest 2026 Market Data & Forecasts

More Electric Aircraft Industry Overview:

The more electric aircraft industry is growing quickly because of government support and new technologies. The U.S. Department of Energy provided $55 million through the ASCEND and REEACH programs to develop highly efficient electric motors and carbon-neutral hybrid systems for commercial planes. In September, GE Aerospace invested $300 million in BETA Technologies to work on hybrid-electric turbogenerators. The FAA’s CLEEN IV program (2025–2029) is helping to speed up sustainable aviation technology, and private companies are also matching government funding, building on earlier efforts that included $388 million in industry investments.

More Electric Aircraft Market Trends & Drivers

The development of eVTOLs (electric vertical takeoff and landing aircraft) and urban air taxis is changing aviation and creating new business opportunities. Companies like Joby Aviation and Archer Aviation completed multiple test flights with the FAA, moving closer to launching commercial services in cities. In October, eVTOLs flew publicly in California, a big milestone for this technology. The FAA finalized pilot certification rules for the “power lift” category, setting rules for air taxi operations. Beta Technologies also achieved milestones, with its CX300 flying over 22,000 miles, including cross-country trips of over 1,400 miles, showing electric aircraft can work for regional routes.

Military and defense programs are also adopting electric aircraft, speeding up development for both military and commercial uses. In August, Joby Aviation partnered with L3Harris to build hybrid-electric aircraft for defense. The U.S. Department of Defense awarded $120 million for next-generation aviation batteries. Electric aircraft are valued in military use for silent operation, lower heat signatures, and simpler logistics. The U.S. has about 1,509 aircraft manufacturing companies, driving big R&D investments. RTX completed full-power testing of its Hybrid-Electric Flight Demonstrator, and Ampaire received certification for its hybrid-electric retrofit system for the Cessna 208B, creating regulatory examples for electric aviation.

Better infrastructure and battery technology are making electric aircraft more practical. Over 220 airports joined the Hydrogen Hubs at Airports project to support sustainable fuel. NASA is developing high-power charging stations that can deliver 1 megawatt in 15 minutes for quick eVTOL turnarounds. Electric propulsion adoption in the aerospace supply chain has increased by 40% year-over-year, and factories making electric components are expected to double. The commercial electric aircraft market grew from $6.19 billion to $6.96 billion, showing strong investor confidence.

Leading Companies Operating in the Global More Electric Aircraft Industry:

• Airbus SE
• Bombardier Inc.
• Honeywell International Inc.
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Rolls-Royce Holdings Plc
• Safran S.A.
• Thales Group
• The Boeing Company
• TTTech Computertechnik AG
• United Technologies Corporation

More Electric Aircraft Market Report Segmentation:

By Application:

• Air Pressurization and Conditioning
• Configuration Management
• Flight Control Operations Management
• Power Generation Management
• Power Distribution Management
• Others

Power distribution management represents the largest segment due to its critical role in efficient energy utilization across electric systems.

By Technology:

• Safety Systems and Advanced Materials
• Power Electronics
• Energy Storage Devices
• Thermal Management Systems
• Others

Based on technology, the market has been segmented into safety systems and advanced materials, power electronics, energy storage devices, thermal management systems, and others.

By Aircraft Type:

• Fixed Wing (Narrow Body/Wide Body/Very Large Body) Aircraft
• Rotary Wing Aircraft
• Unmanned Aerial Vehicles
• Others

Fixed wing (narrow body/wide body/very large body) aircraft leads the segment owing to widespread use in commercial aviation and long-haul flights.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America exhibits clear dominance in the more electric aircraft market, holding over 33.5% market share, driven by the region's advanced aerospace sector and significant defense budgets.

Recent News and Developments in More Electric Aircraft Market

• December 2024: EcoPulse, a hybrid-electric aircraft developed by Daher, Safran, and Airbus, finished its flight tests successfully. This achievement provides useful information to help aviation reach its 2050 decarbonization goals. The project highlights progress in hybrid-electric aircraft design, certification, and operations.
• December 2024: The INTEGRAL E, an all-electric training plane by AURA AERO, completed its first flight over Toulouse, France. Safran provided the electric motor and safety systems. The flight shows advances in sustainable aviation technology for smaller aircraft.
• December 2024: Heart Aerospace, a Swedish startup, prepared for the first flight of its X1 electric demonstrator, which is similar to its upcoming 30-seat ES-30 commercial aircraft. The ES-30 uses high-torque electric motors, turboprop engines, and a hybrid system, giving it a range of nearly 250 miles (400 km). The test flight is planned for early 2025 in Plattsburgh, New York.
• February 2024: Airbus SE announced plans to deliver around 800 aircraft, focusing on the high-demand A320 family. This shows Airbus’s goal to lead the market, especially for single-aisle jets with advanced electric systems.
• January 2024: Lockheed Martin and Indra signed an agreement to work together on defense projects. The partnership will improve simulation technologies and long-term support, including the development of electric systems for military aircraft.

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