Global Aircraft Electrical Systems Market Size & Outlook

The global aircraft electrical systems market size was estimated at USD 24,475.4 million in 2023 and is projected to reach USD 39,700.8 million by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$24,475.4
Forecast, 2030 (US$M)
$39,700.8
CAGR, 2024 - 2030
7.2%
Report Coverage
Worldwide

Global aircraft electrical systems market, 2018-2030 (US$M)

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Global aircraft electrical systems market highlights

  • The global aircraft electrical systems market generated a revenue of USD 24,475.4 million in 2023 and is expected to reach USD 39,700.8 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
  • In terms of segment, power generation management accounted for a revenue of USD 24,475.4 million in 2023.
  • Power Generation Management is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 24,475.4 million
Market revenue in 2030USD 39,700.8 million
Growth rate7.2% (CAGR from 2024 to 2030)
Largest segmentPower generation management
Fastest growing segmentPower Generation Management
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower Generation Management

Other key industry trends

  • In terms of revenue, the North America accounted for 33.2% of the global aircraft electrical systems market in 2023.

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Aircraft Electrical Systems Market Companies

Name Profile # Employees HQ Website
BAE Systems PLC View profile 99800 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD https://www.baesystems.com
RTX Corp View profile 185000 1000 Wilson Boulevard, Arlington, VA, United States, 22209 https://www.rtx.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com

Global aircraft electrical systems market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aircraft electrical systems market will help companies and investors design strategic landscapes.


Power generation management was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global aircraft electrical systems market based on power generation management covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Aircraft Electrical Systems Application Outlook (Revenue, USD Million, 2018-2030)
    • Cabin Systems
    • Others
    • Power Generation Management
    • Flight Management
    • Environmental Control Systems
  • Global Aircraft Electrical Systems Component Outlook (Revenue, USD Million, 2018-2030)
    • Generators
    • Conversion Devices
    • Batteries
    • Distribution Devices
    • Others
  • Global Aircraft Electrical Systems System Outlook (Revenue, USD Million, 2018-2030)
    • Power Distribution
    • Power Conversion
    • Energy Storage
    • Power Generation
  • Global Aircraft Electrical Systems Platform Outlook (Revenue, USD Million, 2018-2030)
    • Military Aviation
    • Business and General Aviation
    • Commercial Aviation

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Target buyers of Global aircraft electrical systems market databook

  • Our clientele includes a mix of aircraft electrical systems market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aircraft electrical systems market , including forecasts for subscribers. This global databook contains high-level insights into Global aircraft electrical systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global aircraft electrical systems market size, by regions, 2018-2030 (US$M)

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