As we look ahead toward 2035, the More Electric Aircraft Market presents one of the most exciting growth narratives in modern aerospace. Based on data from (MRFR), the market — valued at USD 5.742 billion in 2024 — is expected to climb to USD 22.11 billion by 2035, growing at a 13.04% CAGR over the forecast period.
This anticipated growth stems from multiple macro‑ and micro‑level trends. On the macro side, global regulatory pressure for carbon reduction, stricter environmental norms, and sustainable aviation goals push manufacturers and airlines to adopt electric technologies. Combined with growing awareness around climate impact, sustainability becomes a key adoption driver.
On the technology front, electrification is evolving beyond basic subsystems. Innovations in high‑voltage power distribution, energy storage, thermal management, and power‑dense electric motors enable aircraft designers to integrate electric systems—and eventually electric propulsion—without compromising on performance or safety. As these technologies mature, the reliability and cost-effectiveness of more electric aircraft will improve further.
Interestingly, while fixed‑wing aircraft remain the dominant segment, emerging platforms like UAVs and urban-air mobility (UAM) vehicles are expected to contribute meaningfully to growth. Their lower operating costs, flexibility, and suitability for short-distance missions make them ideal early adopters of electric technologies.
Moreover, the defense and military aviation sector is garnering increasing interest. Governments across regions are exploring more electric military aircraft for cost efficiency, emissions reduction, and operational agility. Regulatory support for defense modernization and sustainable procurement is accelerating this trend.
Investment patterns also reflect growing confidence: major aerospace and defense players — including Airbus, Boeing, Rolls‑Royce, General Electric, Safran, Honeywell International, Thales Group and others — are investing heavily in R&D, electric subsystems, and partnerships to secure leadership in this evolving market.
By 2035, as infrastructure, regulations, and technology converge, more electric aircraft are likely to move from niche prototypes to mainstream commercial and defense platforms. The market’s expected value—over four times 2024’s size—signals not just growth, but transformation. For manufacturers, suppliers, airlines, investors, and regulators, this represents a generational shift.
For stakeholders seeking future-readiness, this forecast underscores the importance of innovation, collaboration, and investment in electric aviation. With size and share ramping up rapidly, the More Electric Aircraft Market stands to redefine the future of flight.
Related Report:
china space situational awareness market
europe space situational awareness market
