Electric Aviation Surge: GE, BETA, Smartflyer & Fraport Drive Propulsion Shift
The aviation industry is experiencing significant shifts towards electric propulsion, with supply chain disruptions and increasing costs driving innovation and investment. As of September 2025, GE Aerospace and BETA Technologies have partnered to develop hybrid-electric aircraft propulsion systems, while Smartflyer AG collaborates with H55 SA for electric aircraft battery supply. Meanwhile, airport operator Fraport is investing in electrification projects, supporting the broader transition to electric-powered aviation.
The shift towards electric aircraft is fostering job creation, particularly in manufacturing and maintenance roles. This transition is also expected to reduce fuel and maintenance costs for airlines, making air travel more affordable and contributing to decarbonization. Europe currently leads the market with a 36.84% share, generating USD 1.91 billion in revenue in 2024. The global More Electric Aircraft (MEA) market is projected to grow from USD 5.21 billion in 2024 to USD 11.35 billion by 2034, reflecting a robust CAGR of 8.1%.
To address rising costs and supply chain shifts, businesses are implementing strategies such as strategic partnerships, R&D investment, infrastructure expansion, and exploring alternative energy sources. Electric aircraft technologies are also creating economic opportunities in new markets like regional and urban air mobility, further driving economic growth and investment in research and development.
The increasing demand for energy-efficient and environmentally friendly aircraft is driving the growth of the MEA market, with a focus on reducing carbon emissions. As the industry navigates supply chain disruptions and rising costs, partnerships, innovation, and strategic investments are key to advancing the electrification of aviation and unlocking new economic opportunities.
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