More Electric Aircraft Market Report 2026

More Electric Aircraft Market Overview

• More Electric Aircraft market size has reached to $3.65 billion in 2025 • Expected to grow to $6.54 billion in 2030 at a compound annual growth rate (CAGR) of 12.2% • Growth Driver: Rising Air Passenger Traffic Propelling More Electric Aircraft Market Growth • Market Trend: Innovation In More Electric Aircraft • Europe was the largest region in 2025.

What Is Covered Under More Electric Aircraft Market?

A more electric aircraft is an aircraft that employs a greater proportion of electrical secondary power than a legacy or traditional aircraft. Electric motors generate electricity more efficiently than combustion of fossil fuels in an aviation engine. The main types of more electric aircraft are fixed-wing, rotary-wing, and hybrid-wing aircraft. Fixed-wing aircraft refer to those that are propeller-driven or jet engine-powered and have wings that do not move. The various aircraft systems include propulsion systems and airframe systems that are applied in power generation, power distribution, power conversion, and energy storage and are used in civil and military applications.

What Is The More Electric Aircraft Market Growth Forecast?

The more electric aircraft market size is expected to see rapid growth in the next few years. It will grow to $6.54 billion in 2030 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to growing investment in hybrid-electric and fully electric propulsion technologies, rising demand for lightweight and high-efficiency electrical systems in next-generation aircraft, expansion of unmanned and urban air mobility platforms requiring advanced electric architectures, development of high-density energy storage solutions enabling broader adoption of electric systems, increasing regulatory emphasis on sustainable aviation driving adoption of more electric aircraft designs. Major trends in the forecast period include increasing adoption of evtol and electric regional aircraft, growing integration of hybrid electric propulsion systems, expansion of energy storage and power conversion technologies, development of advanced power distribution and generation systems, focus on sustainable and low-emission aircraft design.

Global More Electric Aircraft Market Segmentation

1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing 2) By Aircraft System: Propulsion System, Airframe System 3) By Application: Power Generation, Power Distribution, Power Conversion, Energy Storage 4) By End User: Civil, Military Subsegments: 1) By Fixed Wing: Electric Conventional Aircraft, Electric Vertical Takeoff And Landing (eVTOL), Electric Regional Aircraft 2) By Rotary Wing: Electric Helicopters, Electric Multicopters 3) By Hybrid Wing: Hybrid Electric Conventional Aircraft, Hybrid Electric VTOL

What Is Driver Of The More Electric Aircraft Market?

The increasing air passenger traffic is expected to propel the growth of the electric aircraft market going forward. Air passenger traffic refers to the number of passengers in an aircraft. More electric aircraft are used to carry commercial and business passengers with advanced features such as computer-controlled, electrically driven propellers. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveler numbers will reach 4.0 billion in 2024, exceeding pre-COVID-19 levels by 103%. Therefore, the rise in air passenger traffic is driving the growth of the electric aircraft market.

Key Players In The Global More Electric Aircraft Market

Major companies operating in the more electric aircraft market are AMETEK Inc., BAE Systems PLC, Bombardier Inc., Elbit Systems Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings PLC, Safran Group, Thales Group, Boeing, Airbus S.A.S, Lockheed Martin, Parker-Hannifin Corp., Eaton, Ampaire, Bye Aerospace, Dixion Motors Inc., Dufour Aerospace, Electric Aircraft Corporation, Embraer SA, Eviation Alice, Faradair, Joby Aviation, Longanair Ltd., Magnix, Pipistrel USA, Siemens, Wright Electric, Zunum Aero, AeroTEC

Global More Electric Aircraft Market Trends and Insights

Major market players are concentrating their efforts on creating innovative technologies, such as the high-performance silicon carbide inverters for more electric aircraft. High-performance silicon carbide inverters are power electronic devices that efficiently convert and control electrical energy to enable lightweight, reliable, and high-efficiency operation in more electric aircraft. For instance, in April 2024, ZeroAvia, a US-based Aerospace company, launched an offering of electric and hydrogen aviation components, aligning with its manufacturing plans. This initiative aims to capitalize on the multi-billion-dollar market for its hydrogen-electric powertrains. The company is in the process of certifying the ZA600 engine for up to 20-seat aircraft and advancing the ZA2000 engine for up to 90-seat aircraft. ZeroAvia identified opportunities in advanced electric motors, high-performance silicon carbide inverters, customizable LT-PEM fuel cells, HT-PEM fuel cell stacks, and a specialized aviation fuel cell compressor, all engineered to meet aerospace standards, enhance performance, and reduce environmental impact in aviation.

What Are Latest Mergers And Acquisitions In The More Electric Aircraft Market? BAE Systems Acquires Ball Aerospace To Strengthen Space And Defense Capabilities

In February 2024, BAE Systems plc, a UK based defense and aerospace technology company, acquired Ball Aerospace & Technologies Corp. for an undisclosed amount. With this acquisition, BAE Systems aims to enhance its technological capabilities in space, intelligence, and mission systems domains and expand its U.S. customer base in defense and civil space markets. Ball Aerospace & Technologies Corp. is a US-based manufacturing company that specializes in providing spacecraft, mission payloads, and optical and antenna systems for defense, intelligence, and civilian space applications.

Regional Insights

Europe was the largest region in the more electric aircraft market in 2025. The regions covered in the more electric aircraft market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the more electric aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the More Electric Aircraft Market?

The more electric aircraft market consists of sales of airships, unmanned aircraft, vertical flight, experimental demonstrators, solar aircraft, general aviation, and airliner projects. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the More Electric Aircraft Market Report 2026?

The more electric aircraft market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the more electric aircraft industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.