More Electric Aircraft Market to Hit $8.66B by 2031
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Delray Beach, Fla. – September 18, 2026 -- The global more electric aircraft market is set to grow from USD 5.95 billion in 2026 to USD 8.66 billion by 2031, expanding at a compound annual growth rate of 7.8%, according to a new report by MarketsandMarkets.
Rotary-wing platforms outpace fixed-wing growth despite smaller base
Rotary-wing aircraft are projected to post the highest CAGR of 13.3% through 2031, even as fixed-wing aircraft retain the largest overall market share on the back of strong order backlogs and production activity for narrow-body and wide-body programs. Aircraft systems will account for 70.1% of the market by system in 2026, while engines are expected to grow fastest among components at a 10.4% CAGR.