Aircraft Electrification Market Size Analysis by Growth, Emerging Trends and Future Opportunities

Aircraft Electrification Market is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 20.0 billion by 2030, at a CAGR of 14.3%.

Aircraft are used to transport goods and passengers all over the world, based on the needs of diverse industries including tourism, logistics, and defence. Due to enormous maintenance and running costs, as well as the enormous purchase expenditures connected with an aeroplane, planes represent a significant portion of an organization's investment. Noise and air pollutants such as carbon dioxide (CO2), nitrogen oxides (NOX), sulphur oxides (SOX), and unburned hydrocarbons (HC) are also released by aircraft, all of which have negative impacts on the environment. To solve the environmental issues given by conventional jet-fuel-based aircraft and to comply with the constraints and requirements set by aviation regulators around the world, aviation businesses are embracing partial or total electrification of aircraft functions. The more electric aircraft technology is developed, the better.

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Increased efforts to reduce reliance on oil are projected to increase demand for aeroplane electrification.
The aircraft industry has slowly and quietly become electrified. Hydraulic and pneumatic systems are gradually giving way to electric-based systems, allowing for the development of more efficient and thus easier-to-maintain aircraft.

Global Aircraft Electrification Market- Segmental Analysis
Based on Component
 Batteries
 Power Electronics
 Electric Pumps
 Generators
 Fuel Cells
 Solar Cells
 Electric Actuators
 Motors
 Distribution Devices

Based on Technology
 Fully Electric
 More Electric
 Hybrid Electric

Based on Application
 Power Generation
 Energy Store
 Power Distribution
 Power Conservation

Based on Platform
 Fixed Wing
 Advanced Air Mobility
 Unmanned Aerial Vehicles
 Rotary Wing

Based on System
 Landing Gear System
 Propulsion System
 Environmental Control System
 Flight Control System
 Thrust Reverser System

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Competitive Landscape:
• Honeywell International Inc.
• Safran
• Thales Group
• Raytheon Technologies
• Ampaire
• GE Aviation
• Zunum Aero
• Bye Aerospace
• Nabtesco Corporation
• Hartzell Engine Technologies LLC
• PBS AEROSPACE
• EaglePicher Technologies
• Eviation
• Electroflight
• Radiant Power Corporation
• Meggitt PLC
• Equator Aircraft
• H3X Technologies
• MagniX
• AMETEK Inc.
• Joby Aviation
• Rolls-Royce
• Pipistrel
• BAE System
• Beta Technologies
• Heart Aerospace
• Airbus
• Siemens
• Hartzell Engine Technologies LLC
• PBS AEROSPACE
• EaglePicher Technologies
• Nabtesco Corporation
• Wright Electric
• ZeroAvia
• Others

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Key Questions Answered in This Report:
1. How has the global Aircraft Electrification market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global Aircraft Electrification market?
3. What are the key regional markets?
4. What is the breakup of the market based on the type?
5. What is the breakup of the market based on the product?
6. What is the breakup of the market based on the application?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global Aircraft Electrification market and who are the key players?
10. What is the degree of competition in the industry?

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