More electric aircraft market seen reaching $11.2 billion by 2033

By AI, Created 6:21 AM UTC, June 05, 2026, /AGP/ – The more electric aircraft market is projected to rise from $4.7 billion in 2023 to $11.2 billion by 2033, driven by airline demand for lower emissions, better fuel efficiency and reduced maintenance. The forecast comes as aircraft makers and suppliers push deeper into electrification despite certification and security hurdles.

Why it matters: - More electric aircraft can cut fuel use, lower maintenance needs and reduce carbon emissions by replacing hydraulic and pneumatic systems with electric ones. - The market outlook points to growing investment in aviation electrification as airlines, OEMs and suppliers look for efficiency gains and sustainability benefits.

What happened: - Allied Market Research said the more electric aircraft market was valued at $4.7 billion in 2023. - The market is projected to reach $11.2 billion by 2033, at a CAGR of 9.6% from 2024 to 2033. - The report says the market is expanding as aircraft electrification accelerates across commercial and military aviation. - Allied Market Research also said growing demand for aircraft efficiency and environmental performance is supporting adoption.

The details: - More electric aircraft use electrical technologies for onboard operations instead of traditional hydraulic or pneumatic systems. - The aircraft category includes electric systems for flight control, landing gear, environmental control and auxiliary power functions. - Reported benefits include improved aircraft efficiency, better dependability, lower fuel consumption and reduced operating costs. - Hybrid and all-electric propulsion systems are gaining traction because of their environmental benefits. - The report points to advances in electrical systems, power electronics, advanced battery technologies, electro-hydrostatic actuators, fault-tolerant architecture, high-density electric motors and power generation and conversion systems. - Fly-by-wire technology is creating more opportunity by replacing mechanical flight controls with electronic systems that improve precision and control. - The Boeing 787 and Airbus A350 XWB are cited as examples of more electrified aircraft in commercial service. - The market is segmented by aircraft type, platform, system and region. - Aircraft types include fixed-wing and rotary-wing. - Platforms include commercial aircraft and military aircraft. - Systems include aircraft configuration and management, flight control and mission management, air pressurization and conditioning, and power generation and management. - Regional coverage includes North America, Europe, Asia-Pacific and LAMEA. - The report lists Honeywell International, RTX, Safran, General Electric, Eaton, Moog, Parker-Hannifin, Lockheed Martin, Thales Group and United Technologies among market players. - The report includes a sample request at More information and a purchase inquiry link at Request details.

Between the lines: - The forecast suggests electrification is moving from niche R&D into a broader commercial strategy for reducing emissions and operating costs. - Certification and security remain the main constraints, which means adoption may advance unevenly even as technology improves. - The emphasis on hybrid and all-electric systems signals that the market is still balancing near-term efficiency gains with longer-term decarbonization goals.

What’s next: - Airlines and manufacturers are expected to keep investing in R&D for electrified systems and aircraft architectures. - More electric aircraft adoption will likely rise as power electronics, batteries and flight-control systems mature. - Market competition may intensify as OEMs and suppliers bring additional electrified platforms and subsystems to market. - Further growth will depend on how quickly regulators resolve certification barriers for new aircraft designs.