Primary Catalyst Driving More Electric Aircraft Market Evolution in 2025: Rising Air Passenger Traffic Propelling More Electric Aircraft Market Growth Driver

Which drivers are expected to have the greatest impact on the over the more electric aircraft market's growth?
The surge in air passenger traffic is anticipated to drive the expansion of the more electric aircraft market moving forward. The term air passenger traffic pertains to the count of passengers within an aircraft. More electric aircraft, fitted with advanced capabilities including computer-controlled, electrically propelled propellers, are employed to transfer commercial and business travellers. For instance, the International Air Transport Association (IATA), a Canada-based global airline trade association, estimates that the total number of air travellers will hit 4.0 billion by 2024, surpassing pre-COVID-19 numbers by an impressive 103%. Hence, the upswing in air passenger traffic is playing a significant role in catalyzing the growth of the more electric aircraft market.

Get Your More Electric Aircraft Market Report Here:
https://www.thebusinessresearchcompany.com/report/more-electric-aircraft-global-market-report

What is the future CAGR of the more electric aircraft market, and how will it impact industry expansion?
The size of the electric aircraft market has seen a swift expansion in the past few years. It is projected to swell from $3.21 billion in 2024 to $3.67 billion in 2025, presenting a Compound Annual Growth Rate (CAGR) of 14.4%. The historical period's growth is credited to demands for fuel efficiency, strict environmental regulations, progression in power electronics, decreased maintenance expenses, improved aircraft performance, amplified reliability, and redundancy.

Experts predict a significant surge in the size of the more electric aircraft market in the upcoming years. The expectation is that it will escalate to $6.05 billion by 2029, with a compound annual growth rate (CAGR) of 13.3%. This projected growth over the forecast period is largely due to factors such as increased adoption of distributed electric propulsion, state-of-the-art developments in energy storage systems, assimilation of sustainable aviation fuels, financial backing of electric propulsion research, global initiatives to fight climate change, and government incentives pushing for electrification. Key trends during the forecast period include the incorporation of integrated modular avionics (IMA), electrified flight control systems, amplified utilization of electric brakes, breakthroughs in power generation, further integration of distributed electric propulsion, and cooperative efforts in research and development.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8001&type=smp

What are the most significant trends transforming the more electric aircraft market today?
The growth of innovative solutions in electric aircraft is a leading trend influencing the expansion of the more electric aircraft market. Major operators in this market are focusing on the development of state-of-the-art technologies, such as high-capacity silicon carbide inverters for enhanced electric aircraft. For example, in April 2024, ZeroAvia, an American aerospace firm, introduced a range of electric and hydrogen aviation components, in line with its production plans. The goal of this endeavour is to tap into the multi-billion dollar market for its hydrogen-electric powertrains. The business is currently in the stages of getting approval for the ZA600 engine for aircraft seating up to 20 passengers and progressing the ZA2000 engine for aircraft seating up to 90 passengers. ZeroAvia sees its chances in superior electric motors, high-efficiency silicon carbide inverters, adjustable LT-PEM fuel cells, HT-PEM fuel cell stacks, and a dedicated aviation fuel cell compressor, all designed to comply with aerospace standards and enhance performance while minimizing aviation's environmental footprint.

Which key market segments comprise the more electric aircraft market and drive its revenue growth?
The more electric aircraft market covered in this report is segmented -

1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing
2) By Aircraft System: Propulsion System, Airframe System
3) By Application: Power Generation, Power Distribution, Power Conversion, Energy Storage
4) By End User: Civil, Military

Subsegments:
1) By Fixed Wing: Electric Conventional Aircraft, Electric Vertical Takeoff And Landing (eVTOL), Electric Regional Aircraft
2) By Rotary Wing: Electric Helicopters, Electric Multicopters
3) By Hybrid Wing: Hybrid Electric Conventional Aircraft, Hybrid Electric VTOL

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8001

What regions are at the forefront of more electric aircraft market expansion?
Europe was the largest region in the more electric aircraft market in 2024. The regions covered in the more electric aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the more electric aircraft market?
Major companies operating in the more electric aircraft market are AMETEK Inc., BAE Systems PLC, Bombardier Inc., Elbit Systems Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings PLC, Safran Group, Thales Group, Boeing, Airbus S.A.S, Lockheed Martin, Parker-Hannifin Corp., Eaton, Ampaire, Bye Aerospace, Dixion Motors Inc., Dufour Aerospace, Electric Aircraft Corporation, Embraer SA, Eviation Alice, Faradair, Joby Aviation, Longanair Ltd., Magnix, Pipistrel USA, Siemens, Wright Electric, Zunum Aero, AeroTEC

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8001&type=smp

What Is Covered In The More Electric Aircraft Global Market Report?

• Market Size Forecast: Examine the more electric aircraft market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the more electric aircraft market for a structured understanding.
• Key Players Overview: Analyze major players in the more electric aircraft market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the more electric aircraft market.
• Segment Contributions: Evaluate how different segments drive overall growth in the more electric aircraft market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the more electric aircraft market.
• Industry Challenges: Identify potential risks and obstacles affecting the more electric aircraft market.
• Competitive Landscape: Review strategic developments in the more electric aircraft market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.