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Global Aircraft Electrification Market (2022-2027) by Component, Technology, Platform, System, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 191 Pages
  • September 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5684629

Battery-Powered Electric Planes Could Be the Future of Aviation

The Global Aircraft Electrification Market is estimated to be USD 6.32 Bn in 2022 and is expected to reach USD 9.56 Bn by 2027, growing at a CAGR of 8.64%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Aircraft Electrification Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Aircraft Electrification Market is segmented based on Component, Technology, Platform, System, Application, and Geography.
  • By Component, the market is classified into Batteries, Distribution Devices, Electric Actuators, Electric Pumps, Fuel Cells, Generators, Motors, Power Electronics, and Solar Cells.
  • By Technology, the market is classified into Electrical Vertical Takeoff & Landing (eVTOL), Fully Electric Aircraft, and Hybrid-Aircraft Electrification.
  • By Platform, the market is classified into Advanced Air Mobility, Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicles (UAVs).
  • By System, the market is classified into Environmental Control System, Flight Control System, Ice Protection System, Landing Gear System, Propulsion System, and Thrust Reverser System .
  • By Application, the market is classified into Energy Storage, Power Conversion, Power Distribution, and Power Generation.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Lockheed Martin Corp., Meggitt PLC, Raytheon Technologies Corp., Rolls Royce PLC, Safran SA, Thales Group, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Aircraft Electrification Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Aircraft Electrification Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Aircraft Electrification Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Aircraft Electrification Market

What is the estimated value of the Global Aircraft Electrification Market?

The Global Aircraft Electrification Market was estimated to be valued at $6.32 Billion in 2022.

What is the growth rate of the Global Aircraft Electrification Market?

The growth rate of the Global Aircraft Electrification Market is 8.6%, with an estimated value of $9.56 Billion by 2027.

What is the forecasted size of the Global Aircraft Electrification Market?

The Global Aircraft Electrification Market is estimated to be worth $9.56 Billion by 2027.

Who are the key companies in the Global Aircraft Electrification Market?

Key companies in the Global Aircraft Electrification Market include ABB Ltd., Airbus SE, Ametek, Inc., Astronics Corp., Avionic Instruments LLC (TransDigm Group), BAE Systems PLC, Crane Aerospace & Electronics, EaglePicher Technologies and General Electric Co..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Low Operational Costs
4.1.2 Expanding Air Transportation Industry with Growing Demand for Less-Noise Producing Aircraft Solutions
4.1.3 Rising Awareness toward Low Carbon-Emitting Aircraft Solutions
4.2 Restraints
4.2.1 High Costs Associated with Electrification of Aircrafts Solutions Worldwide
4.3 Opportunities
4.3.1 Emergence of Advanced Alternative Solutions for the Generation of Electric Power
4.3.2 Advancements in Power Electronics Components
4.3.3 Proliferation in the Adoption of Electrified UAVs in Commercial and Domestic Sectors
4.4 Challenges
4.4.1 Formulation of Battery Solutions with Higher Power Capabilities for Long-Distance Flights
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Ansoff Matrix Analysis
6 Global Aircraft Electrification Market, By Component
6.1 Introduction
6.2 Batteries
6.3 Distribution Devices
6.4 Electric Actuators
6.5 Electric Pumps
6.6 Fuel Cells
6.7 Generators
6.8 Motors
6.9 Power Electronics
6.10 Solar Cells
7 Global Aircraft Electrification Market, By Technology
7.1 Introduction
7.2 Electrical Vertical Takeoff & Landing (eVTOL)
7.3 Fully Electric Aircraft
7.4 Hybrid-Aircraft Electrification
8 Global Aircraft Electrification Market, By Platform
8.1 Introduction
8.2 Advanced Air Mobility
8.3 Fixed Wing
8.4 Rotary Wing
8.5 Unmanned Aerial Vehicles (UAVs)
9 Global Aircraft Electrification Market, By System
9.1 Introduction
9.2 Environmental Control System
9.3 Flight Control System
9.4 Ice Protection System
9.5 Landing Gear System
9.6 Propulsion System
9.7 Thrust Reverser System
10 Global Aircraft Electrification Market, By Application
10.1 Introduction
10.2 Energy Storage
10.3 Power Conversion
10.4 Power Distribution
10.5 Power Generation
11 Americas’ Aircraft Electrification Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe’s Aircraft Electrification Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa’s Aircraft Electrification Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC’s Aircraft Electrification Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 ABB Ltd.
16.2 Airbus SE
16.3 Ametek, Inc.
16.4 Astronics Corp.
16.5 Avionic Instruments LLC (TransDigm Group)
16.6 BAE Systems PLC
16.7 Crane Aerospace & Electronics
16.8 EaglePicher Technologies
16.9 EnerSys
16.10 General Electric Co.
16.11 Hartzell Engine Technologies
16.12 HEICO Corp.
16.13 Honeywell International, Inc.
16.14 Lockheed Martin Corp.
16.15 Meggitt PLC
16.16 PBS Aerospace, Inc.
16.17 Raytheon Technologies Corp.
16.18 Rolls Royce PLC
16.19 Safran SA
16.20 Thales Group
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • ABB Ltd.
  • Airbus SE
  • Ametek, Inc.
  • Astronics Corp.
  • Avionic Instruments LLC (TransDigm Group)
  • BAE Systems PLC
  • Crane Aerospace & Electronics
  • EaglePicher Technologies
  • EnerSys
  • General Electric Co.
  • Hartzell Engine Technologies
  • HEICO Corp.
  • Honeywell International, Inc.
  • Lockheed Martin Corp.
  • Meggitt PLC
  • PBS Aerospace, Inc.
  • Raytheon Technologies Corp.
  • Rolls Royce PLC
  • Safran SA
  • Thales Group