Aircraft Electrification Market: By Component, By Technology, By Application, By Platform, Advanced Air Mobility), By System and Geography
Aircraft Electrification Market size was valued at US$ 5,889.8 million in 2023 and is poised to grow at a significant CAGR of 11.4% from 2024-2030. The global market provides a detailed overview of the Aircraft Electrification Market, which has been segmented by component, technology, application, platform, and system. By component, the aircraft electrification market has been segmented into Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motors, Power Electronics, Distribution Devices, and Others. The batteries segment is likely the most significant and fastest-growing segment in terms of components. By technology, the aircraft electrification market has been segmented into More Electric, Hybrid Electric, Fully Electric. The hybrid Electric segment holds a significant revenue share in the market. By application, the aircraft electrification market has been segmented into Power Generation, Power Distribution, Power Conversion, Energy Storage.
The Power Generation segment gains the maximum revenue share of the market. By platform, the aircraft electrification market has been segmented into Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility. The fixed wing segment dominates the market in the forecast period. Based on the system, the aircraft electrification is segmented into Propulsion System, Environmental Control System, Landing Gear System, Ice Protection System, Flight Control System, Thrust Reverser System. According to precision business insights, the propulsion system segment is predicted to register the fastest growth rate during the forecast period. The major players in the global aircraft electrification market are Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), and GE Aviation (US).
Study Period
2024-2030Base Year
2023CAGR
11.4%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
The size of the global aircraft fleet and air traffic is predicted to grow, which will cause pollution levels to increase even more. There is a desire for electric aircraft. The International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency, among others, have called for sustainable alternatives to aviation fuel because they predict that by 2050, the volume of aircraft-generated emissions will have increased by three times.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 5,889.8 million |
Market CAGR |
11.4% |
By Component |
|
By Technology |
|
By Application |
|
By Platform |
|
By System |
|
By Region |
|
Download Free Sample Report
The aircraft electrification market size was valued at US$ 5,889.8 million in 2023
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The aircraft electrification market key players Honeywell International Inc, Safran, Thales Group, Raytheon Technologies, General Electric, Ametek Inc, Meggitt plc, Bae Systems, Eaglepicher Technologies LLC, Astronics Corporation, Crane Aerospace & Electronics, Magnix, Pbs Aerospace, Acme Aerospace Inc, Avionic Instruments LLC
1.Executive Summary |
2.Global Aircraft Electrification Market Introduction |
2.1.Global Aircraft Electrification Market - Taxonomy |
2.2.Global Aircraft Electrification Market - Definitions |
2.2.1.Component |
2.2.2.Technology |
2.2.3.Application |
2.2.4.System |
2.2.5.Region |
3.Global Aircraft Electrification Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Aircraft Electrification Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Aircraft Electrification Market By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Batteries |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Fuel Cells |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Solar Cells |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Electric Actuators |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Electric Pumps |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Generators, Motors |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Power Electronics |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Distribution Devices |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Others |
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
6.Global Aircraft Electrification Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. More Electric |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Hybrid Electric |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Fully Electric |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Aircraft Electrification Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Power Generation |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Power Distribution |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Power Conversion |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Energy Storage |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Aircraft Electrification Market By System, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Propulsion System |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Environmental Control System |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Landing Gear System |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Ice Protection System |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Flight Control System |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Thrust Reverser System |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
9.Global Aircraft Electrification Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Aircraft Electrification Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Batteries |
10.1.2.Fuel Cells |
10.1.3.Solar Cells |
10.1.4.Electric Actuators |
10.1.5.Electric Pumps |
10.1.6.Generators, Motors |
10.1.7.Power Electronics |
10.1.8.Distribution Devices |
10.1.9.Others |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.More Electric |
10.2.2.Hybrid Electric |
10.2.3.Fully Electric |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Power Generation |
10.3.2.Power Distribution |
10.3.3.Power Conversion |
10.3.4.Energy Storage |
10.4. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Propulsion System |
10.4.2.Environmental Control System |
10.4.3.Landing Gear System |
10.4.4.Ice Protection System |
10.4.5.Flight Control System |
10.4.6.Thrust Reverser System |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Aircraft Electrification Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Batteries |
11.1.2.Fuel Cells |
11.1.3.Solar Cells |
11.1.4.Electric Actuators |
11.1.5.Electric Pumps |
11.1.6.Generators, Motors |
11.1.7.Power Electronics |
11.1.8.Distribution Devices |
11.1.9.Others |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.More Electric |
11.2.2.Hybrid Electric |
11.2.3.Fully Electric |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Power Generation |
11.3.2.Power Distribution |
11.3.3.Power Conversion |
11.3.4.Energy Storage |
11.4. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Propulsion System |
11.4.2.Environmental Control System |
11.4.3.Landing Gear System |
11.4.4.Ice Protection System |
11.4.5.Flight Control System |
11.4.6.Thrust Reverser System |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12.Asia Pacific (APAC) Aircraft Electrification Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Batteries |
12.1.2.Fuel Cells |
12.1.3.Solar Cells |
12.1.4.Electric Actuators |
12.1.5.Electric Pumps |
12.1.6.Generators, Motors |
12.1.7.Power Electronics |
12.1.8.Distribution Devices |
12.1.9.Others |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.More Electric |
12.2.2.Hybrid Electric |
12.2.3.Fully Electric |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Power Generation |
12.3.2.Power Distribution |
12.3.3.Power Conversion |
12.3.4.Energy Storage |
12.4. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Propulsion System |
12.4.2.Environmental Control System |
12.4.3.Landing Gear System |
12.4.4.Ice Protection System |
12.4.5.Flight Control System |
12.4.6.Thrust Reverser System |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Aircraft Electrification Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Batteries |
13.1.2.Fuel Cells |
13.1.3.Solar Cells |
13.1.4.Electric Actuators |
13.1.5.Electric Pumps |
13.1.6.Generators, Motors |
13.1.7.Power Electronics |
13.1.8.Distribution Devices |
13.1.9.Others |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.More Electric |
13.2.2.Hybrid Electric |
13.2.3.Fully Electric |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Power Generation |
13.3.2.Power Distribution |
13.3.3.Power Conversion |
13.3.4.Energy Storage |
13.4. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Propulsion System |
13.4.2.Environmental Control System |
13.4.3.Landing Gear System |
13.4.4.Ice Protection System |
13.4.5.Flight Control System |
13.4.6.Thrust Reverser System |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Aircraft Electrification Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Batteries |
14.1.2.Fuel Cells |
14.1.3.Solar Cells |
14.1.4.Electric Actuators |
14.1.5.Electric Pumps |
14.1.6.Generators, Motors |
14.1.7.Power Electronics |
14.1.8.Distribution Devices |
14.1.9.Others |
14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.More Electric |
14.2.2.Hybrid Electric |
14.2.3.Fully Electric |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Power Generation |
14.3.2.Power Distribution |
14.3.3.Power Conversion |
14.3.4.Energy Storage |
14.4. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Propulsion System |
14.4.2.Environmental Control System |
14.4.3.Landing Gear System |
14.4.4.Ice Protection System |
14.4.5.Flight Control System |
14.4.6.Thrust Reverser System |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Honeywell International Inc |
15.2.2.Safran |
15.2.3.Thales Group |
15.2.4.Raytheon Technologies |
15.2.5.General Electric |
15.2.6.Ametek Inc |
15.2.7.Meggitt plc |
15.2.8.Bae Systems |
15.2.9.Eaglepicher Technologies LLC |
15.2.10.Astronics Corporation |
15.2.11.Crane Aerospace & Electronics |
15.2.12.Magnix |
15.2.13.Pbs Aerospace |
15.2.14.Acme Aerospace Inc |
15.2.15.Avionic Instruments LLC |
15.2.16.Nabtesco Corporation |
15.2.17.Carlisle Interconnect Technologies |
15.2.18.Hartzell Engine Technologies |
15.2.19.Pioneer Magnetics |
15.2.20.Radiant Power Corporation |
15.2.21.Enersys |
15.2.22.Crouzet Automatismes |
15.2.23.Cts Corporation |
15.2.24.Lee Air Inc |
15.2.25.Electromech Technologies |
15.2.26.Aegis Power Systems Inc |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players