More electric aircraft market seen reaching $17.84 billion by 2035

The global more electric aircraft market is projected to grow from $5.96 billion in 2025 to $17.84 billion by 2035, driven by emissions rules, defense modernization and eVTOL development. The shift could reshape aircraft design by replacing hydraulic, pneumatic and mechanical systems with electrical technologies that cut weight, fuel use and maintenance costs. Why it matters: - The aviation industry is moving toward electrified systems to cut emissions, improve fuel efficiency and reduce maintenance costs. - The shift is reshaping aircraft design across commercial, military and urban air mobility programs. - The market’s projected growth signals sustained demand for power electronics, high-voltage distribution and electric subsystems across aerospace. What happened: - The global more electric aircraft market was valued at $5.96 billion in 2025. - The market is projected to rise from $6.68 billion in 2026 to $17.84 billion by 2035. - The forecast implies a 10.89% compound annual growth rate through 2035. - More electric aircraft replace traditional hydraulic, pneumatic and mechanical systems with electrical technologies for functions such as power generation, flight controls, thermal management, environmental control, actuation and auxiliary systems. - Market Research Future published the forecast and offered a sample PDF request for the report. The details: - Regulatory pressure to reduce aviation emissions is pushing airlines and aircraft makers toward cleaner technologies. - Silicon carbide and gallium nitride semiconductors are becoming more common because they offer higher power density, lower energy losses and lighter components. - Rising jet fuel costs are strengthening the business case for power management systems that lower fuel burn. - Defense modernization programs are increasing demand for high-capacity electrical systems that can support sensors, electronic warfare, communications and directed-energy technologies. - Urban air mobility and electric vertical takeoff and landing aircraft are creating new demand for battery management, high-voltage power architectures and electrical propulsion. - Digital twin platforms, predictive maintenance systems and intelligent power management tools are becoming more important as electrified aircraft generate more operational data. Between the lines: - The market is being pulled by both sustainability goals and operational economics, not just environmental policy. - The report points to a broader industry shift from standalone aircraft electrification toward integrated digital and maintenance services. - Retrofit programs for existing fleets could be a major growth path because thousands of commercial aircraft will need modernization over the next decade. - Supplier overlap between conventional aviation and eVTOL programs may help lower costs by spreading development across more use cases. What’s next: - Commercial aviation remains the largest segment, with 41.8% of market value in 2025. - Military aviation generated $1.72 billion in 2025. - Urban air mobility and eVTOL is the fastest-growing aircraft type segment, with a projected 14.12% CAGR through 2035. - Fixed-wing aircraft held a 66.8% share in 2025, while rotary-wing and powered-lift platforms are projected to grow at an 11.24% CAGR. - Power generation and management systems led system revenue at $3.34 billion in 2025. - The aftermarket segment is expected to expand at an 11.38% CAGR, helped by retrofit and certification upgrade demand. - North America led global revenue with 37.2% in 2025, while Asia-Pacific is projected to post the fastest regional CAGR at 11.18% through 2035. The bottom line: - More electric aircraft are moving from niche innovation to a mainstream aerospace upgrade path, with the strongest near-term opportunities in fleet modernization, defense systems and eVTOL development.