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Aircraft Electrification Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939163
The aircraft electrification market size has grown rapidly in recent years. It will grow from $5.54 billion in 2023 to $6.46 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. The growth observed in the historic period can be attributed to several factors, including the surge in air travel, heightened demand for hybrid and electric propulsion aircraft, increased military expenditure, robust economic growth in emerging markets, and the escalating emissions stemming from aviation activities.

The aircraft electrification market size is expected to see rapid growth in the next few years. It will grow to $10.92 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The projected growth in the forecast period is expected to result from government support, an increasing demand for eco-friendly and quieter aircraft, the rise in passenger air traffic, a heightened emphasis on emission reduction, and an escalating need for new fighter jets in developing nations. Key trends anticipated in this period involve a focus on technological advancements, the integration of hybrid electric technology, significant investment in research and development initiatives, and the formation of strategic partnerships.

The electric electrification market is experiencing growth driven by the increasing demand to reduce carbon footprints. Carbon footprint, representing the total greenhouse gas emissions over a specified period, is a significant environmental concern. To address this, changes in activities are crucial, and one transformative change is aircraft electrification. Electric aircraft utilize electricity instead of traditional fuels, significantly reducing harmful gas emissions and contributing to a lower carbon footprint. The World Economic Forum notes that nearly 3% of global carbon dioxide emissions are attributed to the aviation sector. The industry is committed to becoming carbon neutral by 2050, focusing on critical measures such as hydrogen power, carbon offsets, and cleaner fuel. The surge in the demand to reduce carbon footprints is a driving force for the growth of the aircraft electrification market.

The growth of the aircraft electrification market is further fueled by the increase in passenger air traffic. Economic growth, rising living standards, and increased income levels contribute to the growing trend of passenger air travel. This surge in airline passenger traffic is anticipated to result in a higher demand for commercial airplanes, consequently driving the demand for electric aircraft and contributing to the overall growth of the aircraft electrification market. For instance, in July 2022, the International Air Transport Association reported an 83.1% increase in total air traffic in May 2022 compared to May 2021. Boeing projects that approximately 42,730 new jets, valued at $6.3 trillion, will be needed over the next two decades to accommodate the escalating passenger demand and address impending jet retirements. The expanding passenger air traffic is a key factor propelling the growth of the aircraft electrification market, aligning with the broader trend of sustainability and environmental consciousness in the aviation industry.

Companies are placing a significant focus on turbocharger technology as well as developing innovative products to fortify their market positions. Turbocharger technology is instrumental in maintaining sea-level take-off manifold pressure and full rated power up to the engine's critical altitude by compressing the engine's intake of air. Rolls-Royce, a prominent UK-based aero-engine manufacturer, exemplifies this trend with its development of turbogenerator technology in 2022. The technology includes a new small engine tailored for hybrid-electric applications, offering a scalable onboard power source. This addition complements Rolls-Royce's Electrical propulsion portfolio and facilitates a longer range with sustainable aviation fuels, paving the way for potential hydrogen combustion applications.

A key trend observed in the aircraft electrification market is the strategic partnership between companies, as they collaborate to leverage resources and enter new markets. In April 2022, Brazil-based aircraft company Eve UAM, LLC, specializing in urban air mobility solutions, entered into a strategic partnership with Thales Group. This collaboration aims to support the growth of Eve's electric vertical take-off and landing (eVTOL) aircraft in Brazil. The partnership involves cooperative research on the technical, financial, and operational viability of an all-electric aircraft, drawing on Thales' expertise in avionics, electric systems, flight control, navigation, communication, and connectivity. Thales Group, a France-based company, is recognized for providing services and designing electrical systems for aerospace, defense, transportation, and security applications. Another notable partnership in October 2021 involved Amedeo, an Ireland-based aircraft leasing and asset management company, collaborating with AURA AERO, a Toulouse-based aerospace firm. This partnership focuses on advancing the net-zero by 2050 objective within the commercial aviation sector, with AURA AERO contributing expertise in the design and production processes for fully digital electric aircraft. These strategic partnerships exemplify the collaborative efforts within the industry to drive innovation and accelerate the adoption of electrification technologies in aviation.

In April 2022, Textron, a US-based aircraft company known for leveraging its extensive network spanning aerospace, defense, industrial, and financial sectors to deliver advanced products and services, acquired Pipistrel for an undisclosed sum. This strategic move is aimed at establishing Textron eAviation, a new business unit focused on developing eco-friendly aircraft, with Pipistrel, a Slovenia-based manufacturer renowned for producing electrically powered aircraft, becoming a crucial part of this initiative.

Major companies operating in the aircraft electrification market report are Safran S.A., Thales Group, Raytheon Technologies, General Electric Company, BAE Systems, Honeywell International Inc., Moog Inc., Textron Inc., Eaton, EaglePicher Technologies, Ge India, Nabtesco Corporation, The Boeing Company, Airbus Se, Catl, Byd Auto, Electroflight, Transair Flight Equipment, Custom Cells Itzehoe Gmbh, Saft Company, Wamtechnik Sp. Z O.O., Zenith Aircraft Company, Beta Technologies, Heart Aerospace, Universal Hydrogen, Wright Electric, Magnix, Ampaire, Bye Aerospace, Embraer S.A, Desaer, Collins Aerospace, Azul Linhas Aéreas Brasileiras S/A, Zeroavia, Abu Dhabi Aviation, Agusta Westland, Africa Flight Services, Bosasa Group.

North America was the largest region in the aircraft electrification market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Key components in aircraft electrification encompass batteries, fuel cells, solar cells, electric actuators, pumps, generators, motors, power electronics, and distribution devices. Batteries convert chemical energy into electrical energy and serve various purposes in aircraft, including ground and emergency power, enhancing DC bus stability, and fault clearing. Aircraft electrification technologies include more electric, hybrid electric, and fully electric systems, categorized by platform into fixed-wing, rotary-wing, unmanned aerial vehicles (UAVs), and advanced air mobility.

The aircraft electrification market research report is one of a series of new reports that provides aircraft electrification market statistics, including Feed yeast industry global market size, regional shares, competitors with an aircraft electrification market share, detailed aircraft electrification market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft electrification industry. These aircraft electrification market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aircraft electrification market consists of sales of partial turboelectric, turboelectric, parallel hybrid and series hybrid. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Aircraft Electrification Market Characteristics3. Aircraft Electrification Market Trends and Strategies
4. Aircraft Electrification Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Aircraft Electrification Market Size and Growth
5.1. Global Aircraft Electrification Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Aircraft Electrification Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Aircraft Electrification Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Aircraft Electrification Market Segmentation
6.1. Global Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Batteries
  • Fuel Cells
  • Solar Cells
  • Electric Actuators
  • Electric Pumps
  • Generators
  • Motors
  • Power Electronics
  • Distribution Devices
6.2. Global Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • More Electric
  • Hybrid Electric
  • Fully Electric
6.3. Global Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fixed Wing
  • Rotary Wing
  • Unmanned Aerial Vehicles (UAVs)
  • Advanced Air Mobility
7. Aircraft Electrification Market Regional and Country Analysis
7.1. Global Aircraft Electrification Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Aircraft Electrification Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Aircraft Electrification Market
8.1. Asia-Pacific Aircraft Electrification Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Aircraft Electrification Market
9.1. China Aircraft Electrification Market Overview
9.2. China Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Aircraft Electrification Market
10.1. India Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Aircraft Electrification Market
11.1. Japan Aircraft Electrification Market Overview
11.2. Japan Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Aircraft Electrification Market
12.1. Australia Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Aircraft Electrification Market
13.1. Indonesia Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Aircraft Electrification Market
14.1. South Korea Aircraft Electrification Market Overview
14.2. South Korea Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Aircraft Electrification Market
15.1. Western Europe Aircraft Electrification Market Overview
15.2. Western Europe Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Aircraft Electrification Market
16.1. UK Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Aircraft Electrification Market
17.1. Germany Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Aircraft Electrification Market
18.1. France Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Aircraft Electrification Market
19.1. Italy Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Aircraft Electrification Market
20.1. Spain Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Aircraft Electrification Market
21.1. Eastern Europe Aircraft Electrification Market Overview
21.2. Eastern Europe Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Aircraft Electrification Market
22.1. Russia Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Aircraft Electrification Market
23.1. North America Aircraft Electrification Market Overview
23.2. North America Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Aircraft Electrification Market
24.1. USA Aircraft Electrification Market Overview
24.2. USA Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Aircraft Electrification Market
25.1. Canada Aircraft Electrification Market Overview
25.2. Canada Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Aircraft Electrification Market
26.1. South America Aircraft Electrification Market Overview
26.2. South America Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Aircraft Electrification Market
27.1. Brazil Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Aircraft Electrification Market
28.1. Middle East Aircraft Electrification Market Overview
28.2. Middle East Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Aircraft Electrification Market
29.1. Africa Aircraft Electrification Market Overview
29.2. Africa Aircraft Electrification Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Aircraft Electrification Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Aircraft Electrification Market, Segmentation by Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Aircraft Electrification Market Competitive Landscape and Company Profiles
30.1. Aircraft Electrification Market Competitive Landscape
30.2. Aircraft Electrification Market Company Profiles
30.2.1. Safran S.A.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Thales Group
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Raytheon Technologies
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. General Electric Company
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. BAE Systems
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Aircraft Electrification Market Other Major and Innovative Companies
31.1. Honeywell International Inc
31.2. Moog Inc
31.3. Textron Inc
31.4. Eaton
31.5. EaglePicher Technologies
31.6. Ge India
31.7. Nabtesco Corporation
31.8. The Boeing Company
31.9. Airbus Se
31.10. Catl
31.11. Byd Auto
31.12. Electroflight
31.13. Transair Flight Equipment
31.14. Custom Cells Itzehoe Gmbh
31.15. Saft Company
32. Global Aircraft Electrification Market Competitive Benchmarking33. Global Aircraft Electrification Market Competitive Dashboard34. Key Mergers and Acquisitions in the Aircraft Electrification Market
35. Aircraft Electrification Market Future Outlook and Potential Analysis
35.1 Aircraft Electrification Market in 2028 - Countries Offering Most New Opportunities
35.2 Aircraft Electrification Market in 2028 - Segments Offering Most New Opportunities
35.3 Aircraft Electrification Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Aircraft Electrification Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft electrification market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aircraft electrification? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Component: Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motor, Power Electronics, Distribution Devices
2) By Technology: Electric, Hybrid Electric, Fully Electric
3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility

Key Companies Mentioned: Safran S.A.; Thales Group; Raytheon Technologies; General Electric Company; BAE Systems

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Safran S.A.
  • Thales Group
  • Raytheon Technologies
  • General Electric Company
  • BAE Systems
  • Honeywell International Inc
  • Moog Inc
  • Textron Inc
  • Eaton
  • EaglePicher Technologies
  • Ge India
  • Nabtesco Corporation
  • The Boeing Company
  • Airbus Se
  • Catl
  • Byd Auto
  • Electroflight
  • Transair Flight Equipment
  • Custom Cells Itzehoe Gmbh
  • Saft Company
  • Wamtechnik Sp. Z O.O.
  • Zenith Aircraft Company
  • Beta Technologies
  • Heart Aerospace
  • Universal Hydrogen
  • Wright Electric
  • Magnix
  • Ampaire
  • Bye Aerospace
  • Embraer S.A
  • Desaer
  • Collins Aerospace
  • Azul Linhas Aéreas Brasileiras S/A
  • Zeroavia
  • Abu Dhabi Aviation
  • Agusta Westland
  • Africa Flight Services
  • Bosasa Group.

Methodology

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