Press release
Aircraft Electrification Market Evenly Poised To Reach A Market Value of US$ By Share, Size and Leading Players (GE, Safran, Honeywell, Thales, United Technologies Corp) | Forecast to 2025
Aircraft Electrification Market
The report covers a forecast and an analysis of the Aircraft Electrification Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Aircraft Electrification Market along with the impact they have on the demand over the forecast period.
The most important key factors driving the growth of the Global Aircraft Electrification Market are growing focus on reducing carbon emissions, lower vibrations, aircraft noise reduction and simpler design for manufacture & maintenance. In addition, Aircraft Electrification technology is installed to enable the evolution of traditional aircraft operating on conventional fossil fuels into electrically operated aircraft. There has been a rapid rise in research activities for the development of commercially viable electric aircraft.
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As per the geographic analysis, APAC region is expected to witness substantial growth during the forecast period. Countries in the APAC region are undergoing development and upgrading various capabilities in the field of Aircraft Electrification, which offers significant potential for the manufacturers of electric components. A rise in demand for low-cost carriers (LCCs) is one of the factors driving growth of the market in the APAC. In addition, increasing aerospace & defense expenditure and expansion in airline networks in emerging nations, such as India and China, are expected to drive the demand for Aircraft Electrification in the region.
This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Aircraft Electrification Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.
Global Key Players:
1 Honeywell International Inc
2 Safran
3 Thales Group
4 United Technologies Corporation
5 GE Aviation and More..................
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Product Type Segmentation
1 More Electric
2 Hybrid Electric
3 Fully Electric
Industry Segmentation
1 Military Use
2 Business Use
On the basis of Regional analysis, North America and Europe holds major share in global Aircraft Electrification market. Moreover, Asia-Pacific is expected to record higher growth rate in Aircraft Electrification Market during the forecast year.
Top Industry News:
Safran (March 10, 2020) - VoltAero takes e-aviation to new heights: Cassio aircraft flight testing is underway with Safran's ENGINeUS electric motors - VoltAero has marked a significant milestone in developing its all-new family of Cassio e-aircraft with initiation of flight testing using Safran Electrical & Power's ENGINeUS smart electric motors.
This testing is a major step toward validating the electric and hybrid-electric powertrains for Cassio aircraft. It keeps the company on track in evolving a family of airplanes with four to nine seats, tailored for operation by private owners, air taxi/charter companies, in commercial flights for point-to-point regional travel, and in various utility-category applications.
"I am very pleased with the testing as we accumulate time aloft and open up the aircraft's flight envelope," said Jean Botti, VoltAero's CEO and Chief Technical Officer. "The current test phase is with the powertrain for our six-seat Cassio version, to be followed by validation of the final aerodynamic and powertrain configurations on both the four- and nine-seat Cassio versions."
The current flight evaluations utilize VoltAero's Cassio 1 tested aircraft, with the two ENGINeUSTM 45 electric motors installed in forward-facing positions on the wings. Cassio 1 is piloted by Technical Director Didier Esteyne, operating from VoltAero's headquarters facility at the Royan-Mdis Aerodrome in France.
"Flying on the power of Safran's ENGINeUSTM motors is truly remarkable, with no vibration and extremely low noise levels," Esteyne explained. "It confirms that our Cassio aircraft will bring an entirely new experience to aviation."
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Major Points in Table of Contents:
Global Aircraft Electrification Market Report 2020
1 Aircraft Electrification Product Definition
2 Global Aircraft Electrification Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Aircraft Electrification Shipments
2.2 Global Manufacturer Aircraft Electrification Business Revenue
2.3 Global Aircraft Electrification Market Overview
3 Manufacturer Aircraft Electrification Business Introduction
3.1 Honeywell International Inc. Aircraft Electrification Business Introduction
3.2 Safran Aircraft Electrification Business Introduction
3.3 Thales Group Aircraft Electrification Business Introduction
3.4 United Technologies Corporation Aircraft Electrification Business Introduction
3.5 GE Aviation Aircraft Electrification Business Introduction
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