Press release
Riing Air Paenger Traffic Propelling More Electric Aircraft Market Growth: Pivotal Factor Influencing More Electric Aircraft Market Growth in 2025
More Electric Aircraft
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More Electric Aircraft Market ize Growth Forecat: What to Expect by 2025?_x000D_
The market ize of electric aircraft ha witneed ignificant expanion lately. Thi ector i projected to urge from $3.21 billion in 2024 to $3.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.4%. The izeable growth during the hitoric period can be credited to everal key factor - the preing need for fuel efficiency, environmental regulatory norm, advancement in power electronic, the quet for reducing maintenance cot, improved performance of aircraft, and increae in reliability and redundancy._x000D_
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How Will the More Electric Aircraft Market ize Evolve and Grow by 2029?_x000D_
The ize of the electric aircraft market i anticipated to rapidly expand in the coming year, with projection indicating a growth to $6.05 billion by 2029, reflecting a compound annual growth rate (CAGR) of 13.3%. The expected growth within thi period can be acribed to factor uch a the adoption of ditributed electric propulion, enhancement in energy torage ytem, the incorporation of utainable aviation fuel, invetment in reearch on electric propulion, global work toward combating climate change and governmental incentive toward electrification. The forecat period will alo ee major trend uch a the adoption of integrated modular avionic (IMA), the development of electrified flight control ytem, an increae in the ue of electric brake, innovation in power generation, incorporation of ditributed electric propulion, and partnerhip for reearch and development._x000D_
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View the full report here:_x000D_
http://www.thebuinereearchcompany.com/report/more-electric-aircraft-global-market-report_x000D_
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What Driver Are Propelling the Growth of More Electric Aircraft Market Forward?_x000D_
The anticipated ecalation in air paenger traffic i projected to pur the expanion of the more electric aircraft market in the future. The term air paenger traffic refer to the count of paenger on an aircraft. More electric aircraft, which come equipped with advanced feature uch a computer-controlled, electrically driven propeller, erve the tranport need of both commercial and buine paenger. For intance, the Canada-baed International Air Tranport Aociation (IATA) which repreent the world' airline ha projected that the total number of air traveler will hit 4.0 billion by 2024, marking an increae of 103% over pre-COVID-19 level. Conequently, the uptick in air paenger traffic largely fuel the growth of the more electric aircraft market._x000D_
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Which Emerging Trend Are Tranforming the More Electric Aircraft Market in 2025?_x000D_
The trend of developing innovative element in electric airplane i ecalating within the more electric aircraft market. Key player in thi market are focuing their reource on inventing avant-garde technologie like high-efficiency ilicon carbide inverter for uch aircraft. For intance, ZeroAvia, an American aeropace firm, introduced a range of electric and hydrogen aviation part in April 2024, taying conitent with it production plan. Their goal i to tap into the multi-billion dollar market potential of their hydrogen-electric powertrain. The company i currently working toward certifying the ZA600 engine for aircraft with up to 20 eat and continuing to develop the ZA2000 engine for aircraft with up to 90 eat. ZeroAvia ha identified potential in tate-of-the-art electric motor, performance-driven ilicon carbide inverter, adaptable LT-PEM fuel cell, HT-PEM fuel cell tack, and a dedicated aviation fuel cell compreor, all deigned to adhere to aeropace tandard, improve performance, and leen the ecological footprint in aviation._x000D_
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What Are the Key egment in the More Electric Aircraft Market?_x000D_
The more electric aircraft market covered in thi report i egmented -_x000D_
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1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing_x000D_
2) By Aircraft ytem: Propulion ytem, Airframe ytem_x000D_
3) By Application: Power Generation, Power Ditribution, Power Converion, Energy torage_x000D_
4) By End Uer: Civil, Military_x000D_
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ubegment:_x000D_
1) By Fixed Wing: Electric Conventional Aircraft, Electric Vertical Takeoff And Landing (eVTOL), Electric Regional Aircraft_x000D_
2) By Rotary Wing: Electric Helicopter, Electric Multicopter_x000D_
3) By Hybrid Wing: Hybrid Electric Conventional Aircraft, Hybrid Electric VTOL_x000D_
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Tailor your inight and cutomize the full report here:_x000D_
http://www.thebuinereearchcompany.com/cutomie?id=8001&type=mp_x000D_
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Who Are the Key Player haping the More Electric Aircraft Market' Competitive Landcape?_x000D_
Major companie operating in the more electric aircraft market are AMETEK Inc., BAE ytem PLC, Bombardier Inc., Elbit ytem Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologie Corporation, Roll-Royce Holding PLC, afran Group, Thale Group, Boeing, Airbu .A., Lockheed Martin, Parker-Hannifin Corp., Eaton, Ampaire, Bye Aeropace, Dixion Motor Inc., Dufour Aeropace, Electric Aircraft Corporation, Embraer A, Eviation Alice, Faradair, Joby Aviation, Longanair Ltd., Magnix, Pipitrel UA, iemen, Wright Electric, Zunum Aero, AeroTEC_x000D_
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What Geographic Market Are Powering Growth in the More Electric Aircraft Market?_x000D_
Europe wa the larget region in the more electric aircraft market in 2024. The region covered in the more electric aircraft market report are Aia-Pacific, Wetern Europe, Eatern Europe, North America, outh America, Middle Eat, Africa._x000D_
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3. Policy Maker & Regulator - To track indutry development and align regulatory framework._x000D_
4. Conultant & Analyt - To upport market entry, expanion trategie, and client adviory work._x000D_
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Learn More About The Buine Reearch Company_x000D_
With over 15000+ report from 27 indutrie covering 60+ geographie, The Buine Reearch Company ha built a reputation for offering comprehenive, data-rich reearch and inight. Armed with 1,500,000 dataet, the optimitic contribution of in-depth econdary reearch, and unique inight from indutry leader, you can get the information you need to tay ahead._x000D_
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