According to Cognitive Market Research, The Global Aircraft Electrical System market will be USD 19.8 billion in 2023 and expand at a CAGR of 7.50% from 2023 to 2030.
The demand for aircraft electrical system is rising due to the growing use of wide aircraft.
Demand for Commercial Aviation remains higher in the aircraft electrical system market.
The aftermarket sales category held the highest aircraft electrical system market revenue share in 2023.
North American aircraft electrical system will continue to lead, whereas the European aircraft electrical system market will experience the most substantial growth until 2030.
