More Electric Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The More Electric Aircraft Market is segmented by Application (Commercial, Military, and General Aviation) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East, and Africa). The report offers market size and forecasts for all the above segments in value (USD billion).

Market Snapshot

More Electric Aircraft Market Overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: >6 %
More Electric Aircraft Market Major Players

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Market Overview

The more electric aircraft market is projected to witness a CAGR of more than 6% during the forecast period (2022-2027).

The COVID-19 pandemic affected air passenger traffic globally in 2020 and 2021 in several parts of the world, reducing flight activity and impacting airline cash flows. As a result, most airlines have decided to either cancel or defer their aircraft orders. On the other hand, the commercial aircraft OEMs have trimmed their production rates as the pandemic decreased demand for new jets. Though the passenger traffic is estimated to take more than two years to recover completely, the order books of the aircraft OEMs started witnessing growth in orders, which might support the market's growth in the years to come.

Recent technological advances in power electronics, fault-tolerant architecture, electro-hydrostatic actuators, flight control systems, high-density electric motors, and power generation and conversion systems have promoted the more electric aircraft market. With the increasing concentration on eco-friendly aircraft, many regulations have been imposed on aircraft emissions. Such increasing stringency on the emission regulations has made manufacturers shift toward more electric aircraft.

The more electric aircraft market is growing as the aircraft OEMs realize the architecture's potential advantages, like improved fuel efficiency, reduced maintenance costs and enhanced reliability using modern power electronics, and fewer hydraulic and pneumatic components in engine installation. More electric aircraft with short ranges are expected to become viable for regional transportation in the years to come.

Scope of the Report

In more electric aircraft (MEA), electrical systems replace most pneumatic systems found on traditional commercial airplanes. In traditional aircraft, the engines cater to the power requirements of most secondary airplane systems using bleed air. In the no-bleed architecture found in MEA, the engines provide the power to shaft-driven generators, which cater to the power needs of most airplane systems. In MEA, hydraulic systems are driven by engines, and electric-motor-driven hydraulic pumps and electrical systems are driven by engines and auxiliary-power-unit (APU)-driven generators.

The more electric aircraft market is segmented by application and by geography. By application, the market has been segmented into commercial, military, and general aviation segments. The report also covers the market sizes and forecasts for the more electric aircraft market in major countries across different regions. For each segment, the market size will be provided in terms of value (USD billion).

General Aviation
North America
United States
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Commercial Segment Held the Largest Market Share in 2021

The commercial segment held the highest market share in the more electric aircraft market. There are only a few more electric aircraft in this segment; notable among them are Boeing 787 and Airbus A350 XWB. Over the years, major aircraft manufacturing companies, such as Airbus SE and The Boeing Company, have introduced more electric architecture to their commercial aircraft. For its A380 and A350 models, Airbus replaced three hydraulic systems with two electric systems successfully, proving the technology to be safe for aircraft. Airbus further plans to replace hydraulic power systems with electric generators on wide-body aircraft. Boeing recorded a total of 1,006 deliveries of its Boeing 787 Dreamliner aircraft as of December 2021. Boeing 787 is one of the pioneers of more electric architecture systems. The aircraft uses electric systems to replace those previously powered by hydraulics or bleed air from engines. New aircraft models are being incorporated with more electric architecture. Commercial aircraft engine manufacturers are also incorporating a higher level of more electric architecture on their engines to support future aircraft models. For instance, in December 2021, UK-based BAE Systems invested in its multi-million dollar facility investment to support Aircraft Electrification operations in Endicott, US. The investment is expected to support the advanced manufacturing of subsystems for controls and power conversion systems for aviation applications. Such developments are expected to drive the market's growth in the forecast period.

More Electric Aircraft Market Trends

North America to Dominate the Market During the Forecast Period

Currently, North America is a large market for more electric aircraft due to a high number of deliveries of aircraft incorporating more electric architecture to the United States. The necessary infrastructure and a strong emphasis on research and development in the electrification of aircraft subsystems are expected to aid the growth of more electric aircraft markets in the North American region. In 2021, Lockheed Martin delivered 142 F-35 fighter jets to the United States and its allies. The power-by-wire system of the F-35 represents a key advancement in the more electric aircraft technology. It integrates self-contained electro-hydrostatic actuators (EHAs) to control the primary flight surfaces.

On the other hand, the increasing environmental concerns and stringent regulations for aircraft emissions are the major factors responsible for the dominance of the more electric aircraft market in the region. Though the deliveries of wide-body aircraft like the Boeing 787 Dreamliner and Airbus A350 XWB have slowed down in the region, airlines still have several aircraft on order due for delivery. For instance, as of September 2021, Delta Air Lines, the first North American airline to fly the A350 XWB, operated 17 Airbus A350-900s. From the 25 A350-900s on order, 8 are yet to be delivered to the airline. Such a demand for newer more electric aircraft from the commercial and military segments is expected to drive the market in the North American region during the forecast period.

More Electric Aircraft Market Growth

Competitive Landscape

The Boeing Company, Airbus SE, Lockheed Martin Corporation, Honeywell International Inc., and Safran SA are some of the prominent players in the market. Research is being conducted to develop advanced electric architecture platforms. With the growing focus on the development of more electric components, players are currently facing challenges in validating these systems and components due to the nature of aerospace testing and the high level of sophistication of the systems. Hence, players are investing in the infrastructure dedicated to developing more electric architecture systems. For instance, Collins Aerospace (Raytheon Technologies Corporation) has been building a specialized lab, The Grid, which will be the industry's most advanced electric power systems laboratory. Systems like high-power generators may be designed and evaluated in the lab for the next generation of more electric aircraft, including the commercial, military, business aviation, UAV, and urban air mobility platforms. The ongoing developments in terms of electric actuation systems are expected to bring additional opportunities for the existing players to increase the percentage of electric architecture in their aircraft, thereby attracting further customers in the years to come

Recent Developments

  • In June 2021, American Airlines invested USD 25 million in Vertical Aerospace Group, working on a small, electric-powered aircraft that could carry people from city centers to airports by taking off and landing vertically like helicopters. The company plans to offer orders of USD 1 billion for small electric aircraft.
  • In July 2021, Pratt & Whitney Canada (P&WC), a business unit of Pratt & Whitney, announced that the company is working with De Havilland Aircraft of Canada Limited (De Havilland Canada) to integrate hybrid-electric technology into a De Havilland Canada Dash 8-100 flight demonstrator. The flight demonstrator will include an advanced electric motor and controller from Collins Aerospace. The hybrid-electric propulsion technology and flight demonstrator program is part of a CAD 163M investment by the governments of Canada and Quebec.
  • In April 2021, Airbus announced that it aims to replace the mechanical rudder controls on A320neo-family aircraft, switching to a full electric rudder system by early 2024. The modification will coincide with the entry into service of the long-range A321XLR developed with the ‘E-rudder’ architecture in mind.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

    3. 1.3 Currency Conversion Rates for USD



    1. 3.1 Market Size and Forecast, Global, 2018 - 2027

    2. 3.2 Market Share by Application, 2021

    3. 3.3 Market Share by Geography, 2021

    4. 3.4 Structure of the Market and Key Participants


    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)

    1. 5.1 Application

      1. 5.1.1 Commercial

      2. 5.1.2 Military

      3. 5.1.3 General Aviation

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

      2. 5.2.2 Europe

        1. France

        2. United Kingdom

        3. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. Brazil

        2. Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. United Arab Emirates

        3. Rest of Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 The Boeing Company

      2. 6.2.2 Airbus SE

      3. 6.2.3 Lockheed Martin Corporation

      4. 6.2.4 Safran SA

      5. 6.2.5 Honeywell International Inc.

      6. 6.2.6 Raytheon Technologies Corporation

      7. 6.2.7 General Electric Company

      8. 6.2.8 Moog Inc.

      9. 6.2.9 Parker-Hannifin Corp.

      10. 6.2.10 Eaton


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Frequently Asked Questions

The More Electric Aircraft Market market is studied from 2018 - 2027.

The More Electric Aircraft Market is growing at a CAGR of >6% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

The Boeing Company, Airbus SE, Lockheed Martin Corporation, Honeywell International Inc., Safran SA are the major companies operating in More Electric Aircraft Market.

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