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.
The electrification of aircraft is fascinating due to its various advantages, including lower emissions and reduced noise. Additionally, Aircraft electrification offers a viable eco-friendly option for commercial aviation. To achieve environmental objectives, substantial decreases in carbon emissions are necessary. By substituting conventional hydraulic and pneumatic systems with electric alternatives, aircraft can achieve approximately 3% fuel savings by decreasing the quantity of engine bleed air required for their operation. According to the EU's Flightpath 2050 program, aviation emissions are rising by approximately 5% annually, with a goal of achieving a 75% reduction in carbon emissions per passenger kilometer by 2050.
Electrifying aircraft is a crucial move towards accomplishing those goals and fighting climate change. Due to the increasing necessity to reduce carbon emissions and control pollution, the global aircraft electrification sector is expected to expand considerably in the coming years. Heightened initiatives to reduce dependence on oil are anticipated to boost the demand for aircraft electrification. Electric motors power propellers that generate thrust in an electric airplane.
Top Key Players Covered In Aircraft Electrification Market
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.
"Research made simple and affordable – Trusted Research Tailored just for you – IMR Knowledge Cluster"
https://www.imrknowledgecluster.com/
Introspective Market Research is a reliable partner specializing in comprehensive market research studies. Our commitment lies in providing businesses worldwide with valuable insights and strategic guidance through our comprehensive research.
Our Aircraft Electrification market report ensures accuracy by conducting a precise examination of the industry. We establish a robust foundation for our findings through extensive utilization of primary and secondary sources. To enhance the depth of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Your Sample Report Is Just a Click Away!
https://introspectivemarketresearch.com/request/16269
Drivers:
Sustainability in the Aviation Sector Enhancing the Aircraft Electrification Market
Recent progress in power electronics, fault-tolerant designs, electro-hydrostatic actuators, flight control mechanisms, high-density electric motors, and power generation and conversion systems has driven the need for more electric aircraft. Numerous regulations on aviation emissions have been implemented as attention turns to eco-friendly aircraft. Producers are transitioning to increased electric aircraft as emission regulations grow more rigorous. Electric airplanes are gaining popularity as aircraft makers realize the advantages of this design, including improved fuel efficiency, reduced maintenance expenses, greater reliability, and fewer hydraulic and pneumatic parts in engine setups. In the next few years, it's probable that additional electric planes with limited ranges will be feasible for regional travel.
Segmentation Analysis of the Aircraft Electrification Market
By Technology
- More Electric
- Hybrid Electric
- Fully Electric
By Application
- Commercial
- Military
- General Aviation
Get the Report You Want - Let's Customize!
https://introspectivemarketresearch.com/custom-research/16269
Regional Examination of Aircraft Electrification Market
North America leads the Aircraft Electrification Market. As a result of many aircraft deliveries featuring more electric architecture to the United States, North America is presently a significant market for more electric aircraft. The vital infrastructure, along with a significant emphasis on research and development in aircraft subsystems electrification, is expected to assist the North American region in creating a larger market for electric aircraft. In 2021, Lockheed Martin delivered 142 F-35 fighter aircraft to the United States and its partners. The power-by-wire system of the F-35 represents a major advancement in electric aviation technology. The primary flight surfaces are managed by independent electro-hydrostatic actuators (EHAs).
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Finally, this Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
The Study Objectives are:
- A comprehensive insight into key players operating in the Aircraft Electrification Market and their corresponding data.
- It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
- Regional analysis, which includes insight into the dominant market and corresponding market share.
- It also includes various socio-economic factors affecting the evolution of the market in the region.
- The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Secure It Today, Enjoy It Tomorrow!
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16269
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields.
We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Canada Office
Introspective Market Research Private Limited, 138 Downes Street Unit 6203- M5E 0E4, Toronto, Canada.
APAC Office
Introspective Market Research Private Limited, Office No. 401, Saudamini Commercial Complex, Chandani Chowk, Kothrud, Pune India 411038
Ph no: +91-81800-96367 / +91-7410103736
English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Greek
Siswati