The global more electric aircraft market size was valued at USD 6.23 billion in 2024 and is estimated to reach USD 11.32 billion by 2033, growing at a CAGR of 6.87% during the forecast period (2025–2033). Innovations in power electronics, energy storage, and electric propulsion systems are significantly driving the adoption of more electric aircraft. Advanced power electronics, such as lightweight converters and efficient inverters, enable better energy management while reducing system weight.
More Electric Aircraft (MEA) refers to aircraft that use electrical systems to replace traditional mechanical and hydraulic systems. This includes electric or hybrid-electric propulsion, power management, and distribution systems. The goal is to improve fuel efficiency, reduce emissions, and increase overall sustainability in aviation. MEA technology is part of the broader trend toward green aviation and sustainable travel, with companies focusing on electrifying various aircraft components for both commercial and regional applications.
The growing demand for fuel efficiency and reduced emissions is a major driver in the global More Electric Aircraft (MEA) market. Airlines are under pressure to meet stricter environmental regulations, such as the International Civil Aviation Organization’s (ICAO) carbon reduction targets, which aim to halve aviation CO₂ emissions by 2050. More electric aircraft use lightweight, energy-efficient systems that reduce reliance on traditional hydraulic and pneumatic systems, thereby lowering fuel consumption and emissions.
High development costs
The high development costs of more electric aircraft (MEA) present a significant market restraint. Transitioning from traditional systems to advanced electric technologies requires substantial investment in research, design, and testing. For example, hybrid-electric and fully electric propulsion systems demand extensive R&D to address challenges like battery efficiency, weight optimization, and thermal management.
The Airbus E-Fan X project, a hybrid-electric demonstrator, faced high costs and technical hurdles, leading to its cancellation in 2020. These financial demands are particularly challenging for smaller companies and start-ups, potentially slowing innovation and adoption in the MEA market. Despite the long-term benefits, upfront costs remain a barrier for widespread implementation.
Hybrid electric systems
Hybrid electric systems present a transformative opportunity in the global More Electric Aircraft (MEA) market. Combining traditional engines with electric propulsion, hybrid systems offer a practical pathway to achieving significant fuel savings and emission reductions while maintaining operational reliability. These systems are especially beneficial for regional and short-haul aircraft, where electric propulsion can handle low-altitude operations, and conventional engines provide power for longer ranges.
As aviation seeks greener solutions, hybrid systems bridge the gap between current technology and fully electric aircraft, offering airlines a cost-effective, environmentally friendly transition. Investments in hybrid solutions also pave the way for integrating renewable energy into aviation.
| ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2033 |
| Historical Year | 2021-2024 |
| Forecast Period | 2025-2033 |
| By Aircraft System |
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| By Aircraft Type |
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| By Applications |
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| Regional Insights |
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The propulsion systems segment dominates the global market due to its critical role in enhancing efficiency and reducing emissions. Advanced propulsion systems, such as electric and hybrid-electric engines, are increasingly adopted to replace conventional fuel-based systems. These systems support improved performance while aligning with environmental sustainability goals, making them a focal point for investments in MEA development. The integration of electric propulsion allows for reduced dependency on fossil fuels and enhanced operational reliability, contributing to the segment's significant share.
Fixed-wing aircraft hold the dominant position in the global market, driven by their widespread use in commercial aviation, military applications, and cargo transportation. These aircraft benefit from advanced electrical systems, enabling greater efficiency, reduced operational costs, and compliance with stringent environmental regulations. The extensive adoption of fixed-wing MEA in passenger and freight services underscores their economic and operational advantages. Enhanced capabilities in power management and propulsion technology further bolster the segment’s prominence in the market.
The power distribution segment leads in the global market due to the essential role of advanced electrical systems in managing power across critical subsystems. Modern aircraft require efficient and reliable power distribution systems to support operations such as avionics, propulsion, and cabin functions. The integration of smart grids and power electronics in MEA ensures effective power flow, enhancing safety and performance. The growing adoption of electric-based architectures in aircraft has amplified the demand for advanced power distribution solutions, cementing the segment’s dominance.
The Asia-Pacific region is emerging as a significant player in the global More Electric Aircraft (MEA) market, driven by rapid advancements in the aviation industry, increased air passenger traffic, and a focus on sustainability.
Countries such as China, India, and Japan are heavily investing in MEA technology to modernize their aviation fleets and reduce carbon emissions. For instance, China’s aviation sector has been actively developing electric propulsion systems to support its growing domestic and international air travel market. Similarly, Japan is advancing research into hybrid-electric aircraft as part of its green aviation initiatives.
The region also benefits from strong government support and investments in infrastructure to facilitate the adoption of MEA. India’s "Make in India" initiative has encouraged local production of advanced aircraft components, including electrical systems for MEA. Moreover, the growing presence of aircraft manufacturers and suppliers, such as Mitsubishi in Japan, highlights the region's potential to dominate the market.
