Global Aircraft Electrification Market Size Was Valued at USD 6.50 billion In 2023 And Is Projected to Reach USD 15.85 billion By 2030, Growing at A CAGR of 13.58% From 2022 To 2028.
Aircraft electrification is intriguing because it offers several benefits like as reduced emissions and noise. Also, Aircraft electrification provides a sustainable alternative for commercial air travel. To accomplish environmental goals, significant reductions in carbon emissions are required. By replacing traditional hydraulic and pneumatic systems with electric systems, airplanes can save about 3% on fuel by reducing the amount of engine bleed air necessary to operate these systems. Aviation emissions are increasing at a rate of about 5% per year, according to the EU's Flightpath 2050 program, which targets a 75% decrease in carbon emissions per passenger kilometer by 2050.
Top Company Profiles Include in Aircraft Electrification Market Report:
Airbus Group, Bombardier Inc., Honeywell International Inc., Raytheon Company, Safran Group, Thales Group, The Boeing Company, TTTech Computer technik AG, United Technologies Corporation (UTC), Zodiac Aerospace SA and other major players.
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The latest research on the Aircraft Electrification Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Aircraft Electrification Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Audio Books Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions to help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of the Aircraft Electrification Market
By Technology
· More Electric
· Hybrid Electric
· Fully Electric
By Application
· Commercial
· Military
· General Aviation
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., 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, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Opportunities:
Big manufacturers like Boeing and Airbus have dabbled with the electric plane sector. Boeing teamed with startup Zunum (more on that under Shocking Startups below), while Airbus has experimented with projects like Vahana, City Airbus, and E Fan X to assist gain exposure in the sector. In addition to Zunum, Boeing's Aurora Flight Sciences, an aviation and aeronautics research business bought in 2017, is collaborating with Uber to establish a network of flying taxis. Aurora Flight Sciences flew their all-electric autonomous passenger air vehicle for the first time in January 2019. Siemens predicts a similar timeline, with ultralights and military aircraft arriving first (due to less stringent certification rules), followed by a ramp-up for certified systems in 2022, scheduled flights based on hybrid aircraft in 2030, and finally, by 2050, electric propulsion will be the "standard solution" for all aircraft segments. In a similar hemisphere, Roland Berger's group of aerospace experts predicts that the first > 50-seat hybrid-electric aircraft will reach commercial service by 2032.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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