"The Global More Electric Aircraft Market was valued at USD 4.66 billion in 2025 and is projected to reach USD 16.62 billion by 2034, growing at a CAGR of 15.18%."
The more electric aircraft (MEA) market is a rapidly growing segment within the aviation industry, driven by the push for sustainable aviation solutions, reduced carbon emissions, and improved operational efficiency. MEA refers to aircraft that rely on electric power for more functions compared to traditional aircraft, integrating advanced electrical systems such as electric propulsion, power generation, and distribution, instead of relying solely on conventional jet engines. Key components of MEA include electrically powered propulsion systems, battery systems, electrical actuators, and integrated electric systems for functions like cabin pressure, air conditioning, and anti-icing. The market growth is being fueled by advancements in battery technology, increasing fuel efficiency demands, regulatory support for green aviation, and the need to reduce the aviation industry’s environmental footprint.
North America and Europe are the dominant regions in the more electric aircraft market, supported by large aerospace manufacturers like Boeing, Airbus, and various startup companies leading innovation in electric and hybrid-electric aircraft designs. Asia-Pacific is an emerging market, with countries such as China, Japan, and India investing in electric aviation technologies and infrastructure. Technological advancements in battery storage capacity, energy management systems, lightweight materials, and hybrid-electric propulsion are key to overcoming the challenges of long-distance electric flight. However, challenges such as high battery costs, regulatory approval processes, and range limitations for fully electric aircraft are significant factors to address. Despite these challenges, the MEA market is expected to continue its growth trajectory, driven by the transition to sustainable aviation and innovations in electric aircraft technology.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Technology,By Aircraft Type,By Platform |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America More Electric Aircraft Market
The North American more electric aircraft (MEA) market is driven by advancements in aviation electrification, environmental concerns, and rising fuel costs. The U.S. and Canada are investing heavily in electric propulsion technologies, hybrid-electric aircraft, and energy-efficient systems to reduce the aviation sector's carbon footprint. Opportunities lie in developing next-generation electric and hybrid engines, improving battery performance and energy storage, and creating sustainable aviation systems that comply with stringent environmental regulations and support urban air mobility solutions.
Asia Pacific More Electric Aircraft Market
Asia Pacific is experiencing significant growth in the more electric aircraft market, driven by the rapid expansion of the aviation industry, government incentives, and technological advancements in electric propulsion systems. Countries such as China, Japan, and India are focusing on green aviation technologies to reduce environmental impact, with investments in electric and hybrid-electric aircraft gaining momentum. Opportunities exist in developing cost-effective electric systems for short-haul flights, enhancing battery technology for longer ranges, and integrating electric systems into regional aircraft to cater to the rapidly growing demand for air travel in the region.
Europe More Electric Aircraft Market
Europe’s more electric aircraft market is supported by strong government policies aimed at decarbonizing the aviation sector, including the European Union’s Green Deal and emissions reduction targets. Countries like the UK, Germany, and France are leading efforts to develop electric aircraft systems, focusing on hybrid-electric propulsion, energy-efficient airframes, and advanced avionics. Opportunities include developing electric aircraft for urban air mobility, integrating hybrid systems into commercial aircraft, and improving energy storage solutions for longer flight durations and more efficient operations.
Key Market Insights
- MEA technology is driven by the need for reduced carbon emissions, fuel efficiency, and quieter flight operations.
- North America and Europe lead the market, driven by major aerospace manufacturers and increasing government incentives for green aviation.
- Electric propulsion systems are designed to replace or supplement traditional jet engines to reduce fuel consumption and emissions.
- Hybrid-electric aircraft, combining conventional and electric power, are gaining traction for short to medium-haul flights.
- Battery technology advancements, such as solid-state batteries, are essential for increasing energy density and reducing weight in electric aircraft.
- Small regional aircraft and urban air mobility (UAM) vehicles are early adopters of MEA technology for short-distance flights and urban air taxis.
- Asia-Pacific is emerging as a key player, with investments in electric aircraft technology, particularly in China and Japan.
- Airlines and governments are increasing focus on reducing aviation’s environmental impact, contributing to the growth of the MEA market.
- Challenges include high battery costs, range limitations, energy density constraints, and regulatory hurdles in certifying new electric propulsion systems.
- Technological innovations in electric systems, energy efficiency, and sustainable materials are paving the way for the future of electric aviation.
More Electric Aircraft Market Segmentation
By Technology
- Safety Systems and Advanced Material
- Power Electronics
- Energy Storage Devices
- Thermal Management Systems
By Aircraft Type
- Commercial
- Defense
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicles
By Platform
- Fixed Wing
- Rotary Wing
- By End-user
- OEM
- Aftermarket
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Companies Covered
Boeing, Airbus, Lockheed Martin, Raytheon Technologies, Safran, Honeywell Aerospace, GE Aviation, Rolls-Royce, Thales Group, Moog Inc., Liebherr Aerospace, Parker Hannifin, Curtiss-Wright, Crane Aerospace & Electronics, Eaton CorporationRecent Industry Developments
- August 2025: Archer Aviation expanded its production capacity at its California facility to 435,500 square feet, enabling the annual production of up to 24 Midnight eVTOL aircraft. The company also commenced international testing with its first flight outside the U.S. in Abu Dhabi, UAE.
- July 2025: Beta Technologies achieved a significant milestone by conducting the first-ever passenger-carrying electric aircraft flight into New York's JFK Airport, demonstrating the viability of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility.
- June 2025: Heart Aerospace unveiled its ES-30 hybrid-electric regional airliner prototype, the Heart X1, in Los Angeles. The aircraft is designed to carry 30 passengers with a range of up to 400 km and aims for type certification by the end of the decade.
- February 2025: Evolito Ltd. secured a contract to supply 32 D250 axial-flux electric motors for the French airship startup Flying Whales' LCA60T airship, marking a significant step in integrating electric propulsion into large aircraft.
- October 2023: Eviation Aircraft signed an agreement with Germany's flyVbird to supply 25 Alice all-electric commuter aircraft, with options for an additional 25 units. The deal is valued at over $5 billion, highlighting strong market interest in electric aviation.
Available Customizations
The standard syndicate report is designed to serve the common interests of More Electric Aircraft Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
More Electric Aircraft Pricing and Margins Across the Supply Chain, More Electric Aircraft Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other More Electric Aircraft market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
1.1 List of Tables
1.2 List of Figures
2. More Electric Aircraft Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 More Electric Aircraft Market Overview
2.2 Market Strategies of Leading More Electric Aircraft Companies
2.3 More Electric Aircraft Market Insights, 2024 - 2034
2.3.1 Leading More Electric Aircraft Types, 2024 - 2034
2.3.2 Leading More Electric Aircraft End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for More Electric Aircraft sales, 2024 - 2034
2.4 More Electric Aircraft Market Drivers and Restraints
2.4.1 More Electric Aircraft Demand Drivers to 2034
2.4.2 More Electric Aircraft Challenges to 2034
2.5 More Electric Aircraft Market- Five Forces Analysis
2.5.1 More Electric Aircraft Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global More Electric Aircraft Market Value, Market Share, and Forecast to 2034
3.1 Global More Electric Aircraft Market Overview, 2024
3.2 Global More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
3.4 Global More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
3.5 Global More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
3.6 Global More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global More Electric Aircraft Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific More Electric Aircraft Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific More Electric Aircraft Market Overview, 2024
4.2 Asia Pacific More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
4.4 Asia Pacific More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
4.5 Asia Pacific More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
4.6 Asia Pacific More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific More Electric Aircraft Market Size and Share Outlook by Country, 2024 - 2034
5. Europe More Electric Aircraft Market Value, Market Share, and Forecast to 2034
5.1 Europe More Electric Aircraft Market Overview, 2024
5.2 Europe More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
5.4 Europe More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
5.5 Europe More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
5.6 Europe More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe More Electric Aircraft Market Size and Share Outlook by Country, 2024 - 2034
6. North America More Electric Aircraft Market Value, Market Share and Forecast to 2034
6.1 North America More Electric Aircraft Market Overview, 2024
6.2 North America More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
6.4 North America More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
6.5 North America More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
6.6 North America More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America More Electric Aircraft Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America More Electric Aircraft Market Value, Market Share and Forecast to 2034
7.1 South and Central America More Electric Aircraft Market Overview, 2024
7.2 South and Central America More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
7.4 South and Central America More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
7.5 South and Central America More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
7.6 South and Central America More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America More Electric Aircraft Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa More Electric Aircraft Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa More Electric Aircraft Market Overview, 2024
8.2 Middle East and Africa More Electric Aircraft Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa More Electric Aircraft Market Size and Share Outlook By Technology, 2024 - 2034
8.4 Middle East Africa More Electric Aircraft Market Size and Share Outlook By Aircraft Type, 2024 - 2034
8.5 Middle East Africa More Electric Aircraft Market Size and Share Outlook By Platform, 2024 – 2034
8.6 Middle East Africa More Electric Aircraft Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa More Electric Aircraft Market Size and Share Outlook by Country, 2024 - 2034
9. More Electric Aircraft Market Structure
9.1 Key Players
9.2 More Electric Aircraft Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. More Electric Aircraft Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global More Electric Aircraft Market is estimated to generate USD 4.66 billion in revenue in 2025.
The Global More Electric Aircraft Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.18% during the forecast period from 2025 to 2034.
The More Electric Aircraft Market is estimated to reach USD 16.62 billion by 2034.
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