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Aircraft Electrification Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Aircraft Electrification Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Aircraft Electrification Market: Component (Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motors, Power Electronics, Distribution Devices, Others), Technology (More Electric, Hybrid Electric, Fully Electric), Application (Power Generation, Power Distribution, Power Conversion, Energy Storage), Platform (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility), By System (Propulsion System, Environmental Control System, Landing Gear System, Ice Protection System, Flight Control System, Thrust Reverser System) and Geography

 

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Report

Description

Aircraft Electrification Market will be valued at USD 5,732.8 million in 2021. It is expected to reach a value of USD 11,678.9 million by 2028, growing at a CAGR of 10.7% during the forecast period from 2022 to 2028. 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).

Key developments:

In February 2022, GE Aviation selected Boeing to support flight tests of its hybrid-electric propulsion system using a modified Saab 340B aircraft and CT7-9B turboprop engines. Boeing and its subsidiary Aurora Flight Sciences will provide GE Aviation with airplane modification, system integration, and flight-testing services.

Aircraft Electrification Market

MARKET SUMMARY
-
10.7%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 10.7%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Aircraft Electrification Market

  • The aircraft electrification market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The aircraft electrification market is segmented based on component, technology, application, platform, system and geography.
Key Players
  • Honeywell International Inc.
  • Safran
  • Thales Group
  • Raytheon Technologies
  • General Electric
Aircraft Electrification Market Drivers

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.

North-American got significant share

Aircraft Electrification Market

The North American market is expected to witness the largest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Aircraft Electrification Market Segmentation

segmentation-block-image

Component

    • Batteries
    • Fuel Cells
    • Solar Cells
    • Electric Actuators,-
    • Electric Pumps
    • Generators, Motors
    • Power Electronics
    • Distribution Devices
    • Others
segmentation-block-image

Technology

    • More Electric
    • Hybrid Electric
    • Fully Electric
segmentation-block-image

Application

    • Power Generation
    • Power Distribution
    • Power Conversion
    • Energy Storage
segmentation-block-image

Platform

    • Fixed Wing
    • Rotary Wing
    • Unmanned Aerial Vehicles (UAVs)
    • Advanced Air Mobility
Location

GEOGRAPHY

Frequently Asked Questions

The aircraft electrification market is projected to expand at a CAGR of 10.7% during the forecast period

The major players in the aircraft electrification market are Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), and GE Aviation (US).

North American is the fastest-growing region for aircraft electrification market

Report

Table Of Content

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. Platform
2.2.5. By System
2.2.6. 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. Global Aircraft Electrification Market Dynamic Factors – Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios – Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aircraft Electrification Market Forecast, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1. Batteries
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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
5.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Motors
5.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Power Electronics
5.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Distribution Devices
5.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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 Forecast, By Technology, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1. More Electric
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Market Opportunity Analysis Global Aircraft Electrification Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1. Power Generation
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Market Opportunity Analysis Global Aircraft Electrification Market Forecast, By Platform, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1. Fixed Wing
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Rotary Wing
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Unmanned Aerial Vehicles (UAVs)
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Advanced Air Mobility
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Market Opportunity Analysis Global Aircraft Electrification Market Forecast, By System, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.1. Propulsion System
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Environmental Control System
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Landing Gear System
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Ice Protection System
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, 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. Flight Control System
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Thrust Reverser System
9.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.6.3. Market Opportunity Analysis
10. Global Aircraft Electrification Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.1. North America
10.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Aircraft Electrification Market – Opportunity Analysis Index, By Component, Application, End User, and Region, 2022 – 2028
11. North America Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
11.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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
11.1.7. Motors
11.1.8. Power Electronics
11.1.9. Distribution Devices
11.1.10. Others
11.2. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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. Platform Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Fixed Wing
11.4.2. Rotary Wing
11.4.3. Unmanned Aerial Vehicles (UAVs)
11.4.4. Advanced Air Mobility
11.5. System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Propulsion System
11.5.2. Environmental Control System
11.5.3. Landing Gear System
11.5.4. Ice Protection System
11.5.5. Flight Control System
11.5.6. Thrust Reverser System
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.6.1. U.S.
11.6.2. Canada
11.7. North America Aircraft Electrification Market – Opportunity Analysis Index, By Application, Component, End User, and Country, 2022 – 2028
11.8. North America Aircraft Electrification Market Dynamics – Trends
12. Europe Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
12.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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
12.1.7. Motors
12.1.8. Power Electronics
12.1.9. Distribution Devices
12.1.10. Others
12.2. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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. Platform Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Fixed Wing
12.4.2. Rotary Wing
12.4.3. Unmanned Aerial Vehicles (UAVs)
12.4.4. Advanced Air Mobility
12.5. System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Propulsion System
12.5.2. Environmental Control System
12.5.3. Landing Gear System
12.5.4. Ice Protection System
12.5.5. Flight Control System
12.5.6. Thrust Reverser System
12.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Italy
12.6.5. Spain
12.6.6. Rest of Europe
12.7. Europe Aircraft Electrification Market – Opportunity Analysis Index, By Application, Component, End User, and Country, 2022 – 2028
12.8. Europe Aircraft Electrification Market Dynamics – Trends
13. Asia-Pacific Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
13.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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
13.1.7. Motors
13.1.8. Power Electronics
13.1.9. Distribution Devices
13.1.10. Others
13.2. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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. Platform Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Fixed Wing
13.4.2. Rotary Wing
13.4.3. Unmanned Aerial Vehicles (UAVs)
13.4.4. Advanced Air Mobility
13.5. System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Propulsion System
13.5.2. Environmental Control System
13.5.3. Landing Gear System
13.5.4. Ice Protection System
13.5.5. Flight Control System
13.5.6. Thrust Reverser System
13.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.6.1. Japan
13.6.2. China
13.6.3. India
13.6.4. ASEAN
13.6.5. Rest of Asia-Pacific
13.7. Asia-Pacific Aircraft Electrification Market – Opportunity Analysis Index, By Application, Component, End User, and Country, 2022 – 2028
13.8. Asia-Pacific Aircraft Electrification Market Dynamics – Trends
14. Latin America Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
14.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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
14.1.7. Motors
14.1.8. Power Electronics
14.1.9. Distribution Devices
14.1.10. Others
14.2. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (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. Platform Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Fixed Wing
14.4.2. Rotary Wing
14.4.3. Unmanned Aerial Vehicles (UAVs)
14.4.4. Advanced Air Mobility
14.5. System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Propulsion System
14.5.2. Environmental Control System
14.5.3. Landing Gear System
14.5.4. Ice Protection System
14.5.5. Flight Control System
14.5.6. Thrust Reverser System
14.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Argentina
14.6.3. Rest of Latin America
14.7. Latin America Aircraft Electrification Market – Opportunity Analysis Index, By Application, Component, End User, and Country, 2022 – 2028
14.8. Latin America Aircraft Electrification Market Dynamics – Trends
15. Middle East and Africa Aircraft Electrification Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
15.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
15.1.1. Batteries
15.1.2. Fuel Cells
15.1.3. Solar Cells
15.1.4. Electric Actuators
15.1.5. Electric Pumps
15.1.6. Generators
15.1.7. Motors
15.1.8. Power Electronics
15.1.9. Distribution Devices
15.1.10. Others
15.2. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
15.2.1. More Electric
15.2.2. Hybrid Electric
15.2.3. Fully Electric
15.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Power Generation
15.3.2. Power Distribution
15.3.3. Power Conversion
15.3.4. Energy Storage
15.4. Platform Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Fixed Wing
15.4.2. Rotary Wing
15.4.3. Unmanned Aerial Vehicles (UAVs)
15.4.4. Advanced Air Mobility
15.5. System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Propulsion System
15.5.2. Environmental Control System
15.5.3. Landing Gear System
15.5.4. Ice Protection System
15.5.5. Flight Control System
15.5.6. Thrust Reverser System
15.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Saudi Arabia
15.6.2. GCC Countries
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. MEA Aircraft Electrification Market – Opportunity Analysis Index, By Application, Component, End User, and Country, 2022 – 2028
15.8. MEA Aircraft Electrification Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Component Offerings, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Honeywell International Inc.
16.2.2. Safran
16.2.3. Thales Group
16.2.4. Raytheon Technologies
16.2.5. General Electric
16.2.6. Ametek, Inc.
16.2.7. Meggitt plc
16.2.8. Bae Systems
16.2.9. Eaglepicher Technologies LLC
16.2.10. Astronics Corporation
16.2.11. Crane Aerospace & Electronics
16.2.12. Magnix
16.2.13. Pbs Aerospace
16.2.14. Acme Aerospace Inc. & Avionic Instruments, LLC
16.2.15. Nabtesco Corporation
16.2.16. Carlisle Interconnect Technologies
16.2.17. Hartzell Engine Technologies
16.2.18. Pioneer Magnetics
16.2.19. Radiant Power Corporation
16.2.20. Enersys
16.2.21. Crouzet Automatismes
16.2.22. Cts Corporation
16.2.23. Lee Air, Inc.
16.2.24. Electromech Technologies
16.2.25. Aegis Power Systems, Inc.
17. Research Methodology
18. Key Assumptions and Acronyms
Report

Company Profile

  • 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
  • Nabtesco Corporation
  • Carlisle Interconnect Technologies
  • Hartzell Engine Technologies
  • Pioneer Magnetics
  • Radiant Power Corporation
  • Enersys
  • Crouzet Automatismes
  • Cts Corporation
  • Lee Air, Inc.
  • Electromech Technologies
  • Aegis Power Systems, Inc.

Description

Aircraft Electrification Market will be valued at USD 5,732.8 million in 2021. It is expected to reach a value of USD 11,678.9 million by 2028, growing at a CAGR of 10.7% during the forecast period from 2022 to 2028. 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).

Key developments:

In February 2022, GE Aviation selected Boeing to support flight tests of its hybrid-electric propulsion system using a modified Saab 340B aircraft and CT7-9B turboprop engines. Boeing and its subsidiary Aurora Flight Sciences will provide GE Aviation with airplane modification, system integration, and flight-testing services.

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