More Electric Aircraft Market Report 2026: $6.54 Bn Opportunities, Trends, Competitive Landscape, Strategies, And Forecasts, 2020-2025, 2025-2030F, 2035F

(MENAFN- GlobeNewsWire - Nasdaq) Opportunities in the more electric aircraft market include advancements in electric propulsion systems, increasing demand for fuel-efficient and low-emission aircraft, growth in unmanned and urban air mobility, regulatory focus on sustainability, and innovations like high-performance inverters.

Dublin, Jan. 19, 2026 (GLOBE NEWSWIRE) -- The "More Electric Aircraft Market Report 2026" has been added to ResearchAndMarkets's offering.

The more electric aircraft market is undergoing substantial growth, projected to expand from $3.65 billion in 2025 to $6.54 billion by 2030, marked by a CAGR of 12.2% from 2026 onwards. This surge is driven by the shift from hydraulic and pneumatic systems to electric solutions, propelled by the demand for fuel-efficient aircraft, innovations in electric propulsion, and an intensified focus on reducing emissions through advanced aviation research initiatives.

The forecast period is characterized by innovations in hybrid-electric and fully electric propulsion technologies, pushing demand for lightweight electrical systems in next-gen aircraft. These advancements are accompanied by increased investment in energy storage solutions, essential for the widespread adoption of electric aircraft systems. Regulatory focus on sustainable aviation further accelerates the transition to electric aircraft designs. Major trends include growing adoption of eVTOLs and electric regional aircraft, enhancements in energy storage, and developments in power conversion technology.

Global air passenger traffic growth significantly influences market expansion, with IATA projecting traveler numbers to reach 4 billion by 2024, surpassing pre-pandemic levels. As airlines adopt more electric aircraft to cater to commercial and business passengers, featuring cutting-edge technology like electric propellers, the market sees notable acceleration.

Key market players are innovating, exemplified by ZeroAvia's introduction of electric and hydrogen components aimed at capitalizing on the burgeoning market for hydrogen-electric powertrains. The company focuses on certifying engines for aircraft capacities ranging up to 90 seats, highlighting advancements in electric motors and silicon carbide inverters designed to meet aerospace standards and reduce emissions.

In a strategic move, BAE Systems acquired Ball Aerospace & Technologies Corp. in February 2024 to enhance its capabilities in space, intelligence, and mission systems. This acquisition signifies a broader effort to strengthen technological prowess in the defense and civil space sectors.

Key players in the more electric aircraft market include AMETEK Inc., BAE Systems PLC, Bombardier Inc., GE Aviation, and Honeywell International Inc., among others. Europe led the market in 2025, with Asia-Pacific, North America, and other regions actively participating in market advancements.

Though promising, the market faces challenges from global trade policy changes affecting costs of imported components like propulsion systems and energy storage solutions. Such tariffs have sparked localized manufacturing and innovation to mitigate cost increases.

A comprehensive market research report offers insights into the global market size, regional shares, and trends, equipping stakeholders with the necessary data for strategic decision-making. The shift toward more electric aircraft, including fixed-wing, rotary-wing, and hybrid variants, continues to redefine aviation, driven by robust demand and technological innovation.

Countries extensively covered in the research encompass Australia, China, France, Germany, Japan, the UK, and the USA. The market embraces diverse segments such as unmanned aircraft, vertical flight, and general aviation projects, offering an expansive view of economic opportunities and technological strides in the sector.

Key Attributes:

Report Attribute	Details
No. of Pages	250
Forecast Period	2026 - 2030
Estimated Market Value (USD) in 2026	$4.13 Billion
Forecasted Market Value (USD) by 2030	$6.54 Billion
Compound Annual Growth Rate	12.2%
Regions Covered	Global

Report Scope

• Type: Fixed Wing, Rotary Wing, Hybrid Wing
• Aircraft System: Propulsion System, Airframe System
• Application: Power Generation, Distribution, Conversion, Energy Storage
• End User: Civil, Military

Companies Featured

• 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

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• More Electric Aircraft Market

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