Global Aircraft Electrification Market Report: By End User, Commercial, Outdoor, Regional Analysis and Forecast 2023-2029

Market Overview:
Global Aircraft Electrification Market Size Was Valued at USD 6.50 billion In 2021 And Is Projected to Reach USD 15.85 billion By 2028, Growing at A CAGR of 13.58% From 2022 To 2028.

Aircraft electrification is becoming increasingly attractive due to its potential to offer several benefits, including reduced emissions and noise levels. It also provides a sustainable alternative for commercial air travel, which is crucial to achieving environmental goals that require significant reductions in carbon emissions. The use of electric motors to drive propellers that produce thrust is a key feature of electric aircraft, which are equipped with a dispersed driving system. Batteries, solar cells, fuel cells, ground power connections, and other methods can all be used to provide electricity to aircraft. As a result, the aircraft electrification sector presents significant growth prospects during the forecast period.

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Market Dynamics:
Driver:
Advancements in various technologies, such as power electronics, fault-tolerant architecture, electro-hydrostatic actuators, flight control systems, high-density electric motors, and power production and conversion systems, have driven the increasing demand for more electric aircraft. With the aviation industry's focus shifting towards environmentally friendly aircraft, several emission control measures have been implemented. As a result, in the next few years, it is expected that electric aircraft with short ranges will become more feasible and practical for regional transportation purposes.

Opportunities:
the increasing need to reduce carbon emissions and air pollution is creating a significant opportunity in the Aircraft Electrification Market. The aviation industry is a significant contributor to greenhouse gas emissions and air pollution, and reducing its carbon footprint has become a top priority for governments and stakeholders. This shift towards electric aircraft is creating a market opportunity for manufacturers and suppliers of electric aircraft components, such as batteries, motors, power electronics, and other related technologies. The increasing need to reduce carbon emissions and air pollution is creating an opportunity in the aircraft electrification market.

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Market Segmentation
By Technology
• More Electric
• Hybrid Electric
• Fully Electric
By Application
• Commercial
• Military
• General Aviation

Players Covered in Aircraft Electrification Market are
• Airbus Group
• Bombardier Inc.
• Honeywell International Inc.
• Raytheon Company
• Safran Group
• Thales Group
• The Boeing Company
• TTTech Computertechnik AG
• United Technologies Corporation (UTC)
• Zodiac Aerospace SA and other major players.

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Regional Analysis of Aircraft Electrification Market
North America dominates the Aircraft Electrification Market. Due to a high number of deliveries of aircraft with more electric architecture to the United States, North America is currently a big market for more electric aircraft. The essential infrastructure, as well as a strong focus on research and development in the electrification of aircraft subsystems, are projected to help the North American area build more electric aircraft markets.

• North America
o US
o Canada
o Mexico

• Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe

• Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe

• Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC

• Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa

• South America
o Brazil
o Argentina
o Rest of SA

Key Industry Developments In Aircraft Electrification Market
• February 2020, The FAA Aviation Sustainability Center, or Ascent, granted the Massachusetts Institute of Technology $300,000 for a comprehensive evaluation of electrification approaches for aviation, which examines the relative economic and environmental benefits of using electricity to power future aircraft, batteries, or liquid fuels generated from electricity.
• June 2021, Vertical Aerospace Group, a small, electric-powered aircraft that could transport people from city centers to airports by taking off and landing vertically like helicopters, received a USD 25 million investment from American Airlines. The company intends to take orders for small electric aircraft worth $1 billion.
• April 2021, Airbus plans to replace the mechanical rudder controls on the A320neo series of aircraft with a fully electric rudder system. The change will take place around the same time as the long-range A321XLR, which was designed with the 'E-rudder' architecture in mind.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Technology
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Aircraft Electrification Market by Technology
 5.1 Aircraft Electrification Market Overview Snapshot and Growth Engine
 5.2 Aircraft Electrification Market Overview
 5.3 More Electric
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 More Electric: Grographic Segmentation
 5.4 Hybrid Electric
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Hybrid Electric: Grographic Segmentation
 5.5 Fully Electric
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Fully Electric: Grographic Segmentation

Chapter 6: Aircraft Electrification Market by Application
To Be Continued…..
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