Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region (2021-2030)
The Aircraft Electrification Market is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 20.0 billion by 2030, at a CAGR of 14.3% during the forecast period. The need for cleaner and safer solutions for air travel and the increasing developments in the air mobility platforms to drive demand of the Aircraft Electrification Industry.
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Aircraft electrification is the utilization for propulsion in aircraft systems traditionally driven by hydraulic, pneumatic, and mechanical systems. It is a market where electrification technology is implemented in progressive stages, from more electric aircraft to fully electric aircraft. Electrification technology is implemented in aircraft at different levels, forming three major segments: more electric aircraft, hybrid electric aircraft and fully electric aircraft.
Aircraft Electrification Market Dynamics
Drivers: Lower cost of maintenance
The installation of conventional systems onboard an aircraft is a complex process, and the maintenance of such systems is both time consuming and labor intensive. Electrification of aircraft helps in the substantial reduction of maintenance costs as it uses fewer moving parts compared to conventional systems. Major aircraft OEMs, such as Airbus and Boeing, are manufacturing more electric aircraft owing to their benefits. Similarly, lower operational costs due to electrification offer a significant opportunity for the development of hybrid as well as fully electric aircraft
Opportunities: Development of lithium-ion batteries
Advanced applications in aircraft tend to consume more power, needing batteries with high power storage, and improved safety features. Despite the potential of lithium-ion batteries, various manufacturers of energy storage systems in Japan, China, South Korea, the US, and Europe believe that the performance of lithium-ion batteries can be improved significantly. Therefore, significant research is carried out to improve the performance of lithium-ion batteries as well as develop other related battery technologies.
Challenges: Battery recharging infrastructure
With a large number of batteries on-board an aircraft, there will be a need for recharging facilities at airports, and existing infrastructure is not sufficiently equipped with such facilities. The electrification of an aircraft adds a layer of complexity to the existing infrastructural growth requirements. Appropriate infrastructural sizing needs to be done in order to understand the overall requirements of recharging facilities, such as estimating the number and type of charging points, their electrical consumption in terms of energy and power, and the economics involved.
The hybrid electric segment is witnessing highest growth during the forecast period
Based on technology, the hybrid electric segment is witnessing the highest growth in the aircraft electrification market during the forecast period. Hybrid electric technology helps aircraft cover larger ranges with much larger MTOW compared to fully electric aircraft. Hybrid electric aircraft also helps reduce emmissions, noise and fule conusmption compared to a conventional aircraft. These factors drive the demand for hybrid electric aircraft.
The business and general aviation segment is witnessing the highest growth during the forecast period
Based on platform, the business jet and general aviation segment is witnessing the highest growth in the aircraft electrification market during the forecast period. Due to increase in wealth across individuals and corporates, the demand for business jets is gradually increasing. This is because of the need for private and chartered travel options across these individuals and companies.
The North American market has the largest market across all regions in the year 2021
The North American market is home to electrification component manufacturers as well as aircraft manufacturers. The growing number of electrification projects and the increasing developments in advanced air mobility platforms are driving the demand for aircraft electrification in this region.
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Key Market Players
The Aircraft Electrification Companies are dominated by a few globally established players such as Honeywell International Inc. (US). Safran (France), Raytheon Technologies (US), GE Aviation (US) and Thales Group (France)
Honeywell International Inc. is a design and manufacture company that provides solutions for a wide variety of industries. The company mainly operates through 4 major segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Honeywell has been providing industry leading solutions along with manufacturing and service for commercial, defense, and space applications.
General Electric Company (Ge) is a technology and manufacture company that operates through 2 main segments: Industrial and Financial Services. The industrial segment provides solutions for power, renewable energy, aviation, and healthcare. Its financial services segment provides services in capital services.
Safran is a multinational company that provide aerospace solutions. The company provides solution in aircraft engines, rocket engine, aerospace components, defense equipment and components, and security solutions. The completely owned subsidiary, Safran Electronics & Defense, offers solutions in electronic systems, and in critical software for both commercial and defense applications.
Raytheon Technologies is the largest aerospace, defense, and intelligence service providers in the world. Raytheon along with its subsidiaries like Collins Aerospace provides electrical solutions across all aerospace platforms. Raytheon provides solutions in aircraft engines, avionics, aerostructures, and security solutions.
Thales Group provides aerospace, defense, transport, and security solutions. In the aerospace segment, the company develops onboard systems, services, and solutions for commercial and defense customers. The company has also heavily invested in the research and development of electrical solution for aerospace and defense applications.
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|
Report Metric |
Details |
|
Market size available for years |
2017–2030 |
|
Base year considered |
2020 |
|
Forecast period |
2021-2030 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Component, By Technology, By Application, By Platform, By System |
|
Geographies covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Companies covered |
Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US) |
The study categorizes the aircraft electrification based on component, technology, application, platform, system, and region.
By Component
- Batteries
- Fuel Cells
- Solar Cells
- Electric Actuators
- Electric Pumps
- Generators
- Motors
- Power Electronics
- Distribution Devices
By Technology
- More Electric
- Hybrid Electric
- Fully Electric
By Application
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
By 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
By Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
What’s New?
1. Any major development which can change the business landscape as well as market forecasts
- Low operational costs
- Growing need for cleaner and quieter aircraft
- Advances in batteries, electric motors, and power electronics
- Rise in demand for unmanned aerial vehicles
- Surging demand for electrical systems in aircraft
2. Addition/Refinement in segmentation - Increase in depth or width of segmentation
Aircraft Electrification Market,
- Region
- Platform
- Technology
3.Coverage of new market players, change in market share of existing players
Company Profiles: Company profiles give a glimpse of the key players in the market with respect to business overview, financials, product offerings, SWOT Analysis, MnM View and recent developments.
4. Updated financial information/ product portfolio of players
Newer and improved representation of financial information: This edition of report provides updated financial information in context of aircraft electrification market till 2019/2020 for each listed company in graphical representation in single diagram (instead of multiple tables). This would help to easily analyse the present status of profiled companies in terms of their financial strength,
profitability, key revenue generating region/country, business segment focus in terms of the highest revenue generating segment and investment on research and development activities
5. Updated market developments of profiled players
Recent Market Developments: Recent developments are helpful to know the market trend and growth strategies adopted by players in the market. For instance, the current analysis shows that contracts have become a more popular growth strategy followed by players during 2017-2021.
Recent 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.
- In February 2022, magniX announced a partnership with Brazilian aeronautical company, DESAER, to develop the ATL-100H, a hybrid electric iteration of the ATL-100 regional aircraft. The ATL-100H is expected to save between 25-40% of fuel depending on the range of the operation, a significant achievement in carbon emission reductions. The innovative design of the hybrid electric ATL-100H is a steppingstone towards an all-electric aircraft from DESAER, supporting the globally recognized need to accelerate sustainable aviation practices.
- In January 2022, Safran is taking a significant role on the H160M Guépard (Leopard) helicopter, developed by Airbus for the French armed forces’ Joint Light Helicopter program (HIL), which will replace five different helicopter types currently in service with French forces: Gazelle, Alouette III, Dauphin, Panther, and Fennec. Safran’s main contribution to these twin-engine helicopters is the Arrano, a new-generation turboshaft engine rated at 1,300 shaft horsepower (SHP) that incorporates the latest aero-engine technologies. Safran will also supply various high-performance flight control systems, including smart electro-mechanical actuators (SEMA) and trim actuators, along with cockpit components and windshield wiper systems and electrical distribution.
- In December 2021, BAE Systems and Embraer Defense & Security have plans to embark on a joint study to explore the development of Eve’s electric Vertical Take-Off and Landing (eVTOL) vehicle for the defense and security market. The joint study builds on Eve’s development for the urban air mobility market and will look at how the aircraft could provide cost-effective, sustainable, and adaptable capability as a defense variant.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the aircraft electrification market?
The aircraft electrification market is expected to grow substantially. The growth of this market is mainly driven by increase in adoption of cleaner and greener aircraft, developments in advanced air mobility and alternative sources of energy.
What are the key sustainability strategies adopted by leading players operating in the aircraft electrification market?
Key players have adopted various organic and inorganic strategies to strengthen their position in the aircraft electrification market. The major players include as Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US), these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the aircraft electrification market?
The new emerging technologies in the aircraft electrification market are turbogenerators for powering electric motors and batteries, electric actuators and fly by wire.
Who are the key players and innovators in the ecosystem of the aircraft electrification market?
The key players in the aircraft electrification market include Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US).
Which region is expected to hold the highest market share in the aircraft electrification market?
Aircraft electrification market in North America is projected to hold the highest market share during the forecast period. The key factor responsible for North America leading the aircraft electrification market is the high demand for new aircraft in the region. The growing upcoming projects, and the emergence of several startups supporting the electrification in the aviation industry are additional factors influencing the growth of the North American aircraft electrification market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 AIRCRAFT ELECTRIFICATION MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS IN AIRCRAFT ELECTRIFICATION MARKET
1.5 CURRENCY
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
FIGURE 2 AIRCRAFT ELECTRIFICATION MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 3 AIRCRAFT ELECTRIFICATION RESEARCH PROCESS FLOW
FIGURE 4 AIRCRAFT ELECTRIFICATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary sources
2.2 DEMAND & SUPPLY-SIDE ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.2.1 Rise in global air passenger and cargo traffic
2.2.2.2 Surging demand for cleaner and quieter aircraft
2.2.2.3 Increasing developments in advanced air mobility platform
2.2.3 SUPPLY-SIDE INDICATORS
2.2.3.1 Increasing adoption of electrical systems in aircraft
2.2.3.2 Emergence of alternative power sources for generation of electric power
2.3 MARKET SIZE ESTIMATION
2.3.1 SEGMENTS AND SUBSEGMENTS
2.4 RESEARCH APPROACH & METHODOLOGY
2.4.1 BOTTOM-UP APPROACH
2.4.2 AIRCRAFT ELECTRIFICATION MARKET FOR TECHNOLOGY
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.3 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.6 GROWTH RATE ASSUMPTIONS
2.7 ASSUMPTIONS FOR RESEARCH STUDY
2.8 RISKS
3 EXECUTIVE SUMMARY (Page No. - 44)
FIGURE 8 BY COMPONENT, THE BATTERIES SEGMENT EXPECTED TO DOMINATE AIRCRAFT ELECTRIFICATION MARKET IN 2021
FIGURE 9 BY APPLICATION, THE POWER DISTRIBUTION SEGMENT ACCOUNTED FOR THE LARGEST SHARE IN 2021
FIGURE 10 PROPULSION SYSTEM SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2021
FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF AIRCRAFT ELECTRIFICATION MARKET DURING IN 2021
4 PREMIUM INSIGHTS (Page No. - 47)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN AIRCRAFT ELECTRIFICATION MARKET
FIGURE 12 INCREASING NEED FOR CLEANER AND QUIETER AIRCRAFT EXPECTED TO DRIVE MARKET FROM 2O21 TO 2030
4.2 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY
FIGURE 13 FULLY ELECTRIC AIRCRAFT SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2030
4.3 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM
FIGURE 14 UAV SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2030
4.4 AIRCRAFT ELECTRIFICATION MARKET, BY TOP COUNTRIES
FIGURE 15 MARKET IN MEXICO PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2030
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 MARKET DYNAMICS OF AIRCRAFT ELECTRIFICATION MARKET
5.2.1 DRIVERS
5.2.1.1 Low operational costs
FIGURE 17 OPERATIONAL COSTS FOR AIRCRAFT (EXCLUDING OWNERSHIP COST)
5.2.1.2 Growing need for cleaner and quieter aircraft
5.2.1.3 Advances in batteries, electric motors, and power electronics
5.2.1.4 Rise in demand for unmanned aerial vehicles
5.2.1.5 Surging demand for electrical systems in aircraft
5.2.2 RESTRAINTS
5.2.2.1 Limited range of electric aircraft
5.2.2.2 Power density limitations of electric propulsion technology
5.2.2.3 High voltage and thermal issues of aircraft electrical systems
5.2.2.4 Increased aircraft weight due to heavy batteries
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of alternative power sources for electric power generation
5.2.3.2 Development of lithium-ion batteries
FIGURE 18 COMMON LITHIUM-ION BATTERIES AND THEIR KEY FEATURES
5.2.3.3 Development of advanced power electronics components
5.2.3.4 Emergence of advanced air mobility
5.2.4 CHALLENGES
5.2.4.1 Development of batteries having higher energy densities
5.2.4.2 Battery recharging infrastructure at airports
5.2.4.3 Ensuring airworthiness of electric aircraft
5.3 RANGE AND SCENARIOS
FIGURE 19 AIRCRAFT ELECTRIFICATION MARKET RANGES AND SCENARIOS
5.4 COVID-19 IMPACT ANALYSIS
5.5 VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIALS
5.5.2 R&D
5.5.3 COMPONENT MANUFACTURING
5.5.4 OEMS
5.5.5 END USERS
5.5.6 AFTER-SALES SERVICES
5.6 MARKET ECOSYSTEM MAP
FIGURE 21 AIRCRAFT ELECTRIFICATION MARKET ECOSYSTEM
5.6.1 PROMINENT COMPANIES
5.6.2 PRIVATE AND SMALL ENTERPRISES
5.6.3 END USERS
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 22 RISING NEED FOR CLEANER AND SUSTAINABLE AIRCRAFT TO DRIVE MARKET GROWTH
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 2 PORTER’S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 COMPETITION IN THE INDUSTRY
5.9 TRADE DATA ANALYSIS
TABLE 3 TRADE DATA TABLE FOR AIRCRAFT ELECTRIFICATION MARKET
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 EUROPEAN AVIATION SAFETY AGENCY FRAMEWORK FOR VTOL AIRCRAFT
5.10.2 FEDERAL AVIATION ADMINISTRATION RULES FOR UNMANNED AIRCRAFT SYSTEM
5.10.3 FEDERAL AVIATION ADMINISTRATION (FAA) GUIDELINES FOR ELECTRIC MOTORS IN AIRCRAFT
5.10.4 EUROPEAN UNION (EU) ECODESIGN REGULATION
5.11 CASE STUDY ANALYSIS
5.11.1 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI
5.11.2 EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE
5.11.3 EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM
5.11.4 ROLLS ROYCE’S FIRST ALL ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT
5.11.5 USE OF ELECTRIC MOTORS IN MORE ELECTRIC AIRCRAFT BY HONEYWELL
5.11.6 PARKER USED AMETEK'S HYDRAULIC PUMP MOTOR FOR THE US AIRFORCE'S NEXT GENERATION T-X JET TRAINER AIRCRAFT
5.12 TECHNOLOGY ANALYSIS
5.12.1 TURBOGENERATORS FOR POWERING ELECTRIC MOTORS AND BATTERIES
5.12.2 ELECTRIC ACTUATORS
5.12.3 FLY BY WIRE
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AIRCRAFT ELECTRIFICATION TECHNOLOGY
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES (%)
5.13.2 BUYING CRITERIA
FIGURE 25 KEY BUYING CRITERIA FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES
TABLE 5 KEY BUYING CRITERIA FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES
5.14 AVERAGE SELLING PRICE
TABLE 6 AVERAGE SELLING PRICE: AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT (USD MILLION)
6 INDUSTRY TRENDS (Page No. - 74)
6.1 INTRODUCTION
6.2 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS
TABLE 7 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS
6.3 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS
TABLE 8 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS
6.4 EMERGING INDUSTRY TRENDS
6.4.1 UPCOMING TRENDS IN HYBRID AND ELECTRIC PROPULSION
6.4.1.1 Multifunctional structures for high-energy lightweight loadbearing storage (M-SHELLS)
6.4.1.2 Integrated computational-experimental development of li-air batteries for electric aircraft (LI-ON)
6.4.1.3 High voltage hybrid electric propulsion (HVHEP)
6.4.1.4 Compact high power density machine-enabled by additive manufacturing
6.4.1.5 Design environment for novel vertical lift vehicles – cryocooling HEP task (DELIVER)
6.4.1.6 Fostering ultra-efficient, low-emitting aviation power (FUELEAP)
6.4.1.7 Scalable convergent electric propulsion technology and operations research (SCEPTOR)
6.4.1.8 Distributed electric propulsion (DEP)
6.4.2 ELECTRIC COMPONENT TECHNOLOGY TRENDS
6.4.2.1 50kg electric motor
6.4.2.2 Fuel cell technology
6.4.2.3 Hydrogen fuel cells
6.4.2.4 Advanced batteries
TABLE 9 TYPES OF ADVANCED AIRCRAFT BATTERIES: COMPARATIVE STUDY
6.4.2.5 Lithium-sulfur (Li-S)
6.5 NASA FUTURE AIRCRAFT TECHNOLOGIES
6.5.1 NASA FUTURE AIRCRAFT ELECTRIC MACHINES
6.5.2 NASA FUTURE AIRCRAFT CONVERTERS
6.5.3 NASA FUTURE AIRCRAFT MATERIALS
6.5.3.1 Soft magnetic materials
6.5.3.2 New insulation materials
6.5.3.3 High-conductivity copper/carbon nanotube conductor
6.5.3.4 Development of the superconducting wire
6.5.4 URBAN AIR MOBILITY
6.5.5 ENERGY HARVESTING
6.5.6 HIGH POWER BATTERIES AND MOTORS
6.5.7 CYCLO-ROTOR EVTOL
6.6 INNOVATION & PATENT ANALYSIS
TABLE 10 INNOVATION AND PATENT ANALYSIS FRO AIRCRAFT ELECTRIFICATION MARKET
6.7 IMPACT OF MEGATREND
7 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT (Page No. - 85)
7.1 INTRODUCTION
FIGURE 26 SOLAR CELLS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 11 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 12 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT, 2021–2030 (USD MILLION)
7.2 BATTERIES
7.2.1 LITHIUM-SULFUR AND LITHIUM TITANATE BATTERIES ARE FUTURE OF AIRCRAFT BATTERY TECHNOLOGIES
7.2.2 NICKEL-BASED
7.2.3 LEAD-ACID-BASED
7.2.4 LITHIUM-BASED
7.3 FUEL CELLS
7.3.1 INCREASED DEMAND FOR FUEL CELLS TO REDUCE AIRCRAFT FUEL LOAD WILL DRIVE THIS SEGMENT
7.4 SOLAR CELLS
7.4.1 SOLAR CELLS DO NOT HAVE ANY MOVING PARTS, UNLIKE ELECTRIC GENERATORS INSTEAD CAN FLY WITHOUT A DROP OF LIQUID FUEL
7.5 ELECTRIC ACTUATORS
7.5.1 EFFICIENCY, PRECISION, AND LOW WEIGHT DRIVE DEMAND FOR ELECTRIC ACTUATORS
7.6 ELECTRIC PUMPS
7.6.1 INCREASED EFFICIENCY AND PRECISION OF ELECTRIC PUMPS DRIVE THEIR DEMAND
7.7 GENERATORS
7.7.1 KEY MARKET PLAYERS ARE DEVELOPING GENERATORS THAT PROVIDE ADVANCED PERFORMANCE, REQUIRE REDUCED MAINTENANCE, AND LOWER COSTS OF OPERATION
7.8 MOTORS
7.8.1 ELECTRIC MOTORS REDUCES NEED FOR GEARBOXES
7.9 POWER ELECTRONICS
7.9.1 POWER ELECTRONICS BRINGS SIGNIFICANT PROFITS FOR FUTURE AIRCRAFT IN TERMS OF EFFICIENCY AND FLEXIBILITY
7.10 DISTRIBUTION DEVICES
7.10.1 DISTRIBUTION DEVICES ENSURE RELIABILITY OF ELECTRICAL POWER IN AIRCRAFT
8 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY (Page No. - 91)
8.1 INTRODUCTION
FIGURE 27 HYBRID ELECTRIC SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 14 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
8.2 MORE ELECTRIC
8.2.1 GROWING NEED TO OPTIMIZE AIRCRAFT PERFORMANCE HAS BEEN A CATALYST BOOSTING GROWTH OF MORE ELECTRIC MARKET
8.2.2 MORE ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
TABLE 15 MORE ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
8.3 HYBRID ELECTRIC
8.3.1 HYBRID ELECTRIC PROPULSION PROVIDES LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES
8.3.2 SOLAR-POWERED
8.3.3 BATTERY-POWERED
8.3.4 FUEL CELL POWERED
8.3.5 HYBRID ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
TABLE 16 HYBRID ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
8.4 FULLY ELECTRIC
8.4.1 INCREASING INVESTMENTS TO DESIGN ELECTRICAL SYSTEMS AND IMPLEMENT NEW ELECTRICAL-INTENSIVE ARCHITECTURES WILL DRIVE THIS SEGMENT
8.4.2 FULLY ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
TABLE 17 FULLY ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY
9 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION (Page No. - 98)
9.1 INTRODUCTION
FIGURE 28 POWER DISTRIBUTION SEGMENT PROJECTED TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD
TABLE 18 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 19 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
9.2 POWER GENERATION
9.2.1 INCREASING DEMAND FOR MORE ELECTRIC ARCHITECTURE AIRCRAFT FUELING GROWTH OF THIS SEGMENT
9.3 POWER DISTRIBUTION
9.3.1 TREND TOWARDS DEVELOPING ELECTRICAL COMPONENTS INFLUENCING GROWTH OF POWER DISTRIBUTION SEGMENT
9.4 POWER CONVERSION
9.4.1 INCREASE IN OPERATIONAL EFFICIENCY & REDUCTION IN TOTAL AIRCRAFT SYSTEM WEIGHT DRIVE DEMAND FOR POWER CONVERSION SYSTEMS
9.5 ENERGY STORAGE
9.5.1 INCREASED USE OF ADVANCED BATTERIES AND FUEL CELL SYSTEMS BOOSTS DEMAND FOR ENERGY STORAGE
10 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM (Page No. - 102)
10.1 INTRODUCTION
FIGURE 29 UNMANNED AERIAL VEHICLES SEGMENT PROJECTED TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD
TABLE 20 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 21 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
10.2 COMMERCIAL AVIATION
TABLE 22 COMMERCIAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION)
TABLE 23 COMMERCIAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION)
10.2.1 NARROW-BODY AIRCRAFT (NBA)
10.2.1.1 Replacement of hydraulic and pneumatic aircraft systems with electric systems is driving demand for narrow-body aircraft
10.2.2 WIDE-BODY AIRCRAFT (WBA)
10.2.2.1 Increase in air passenger travel has raised demand for wide-body aircraft
10.2.3 REGIONAL TRANSPORT AIRCRAFT (RTA)
10.2.3.1 Increased use of advanced flight management systems fueling demand for electrification in regional transport aircraft
10.3 MILITARY AVIATION
TABLE 24 MILITARY AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION)
TABLE 25 MILITARY AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION)
10.3.1 FIGHTER JETS
10.3.1.1 Increasing military budgets will drive this segment
10.3.2 MULTI-MISSION AIRCRAFT
10.3.2.1 Growing defense spending and territorial disputes to fuel demand for this segment
10.3.3 TRAINER AIRCRAFT
10.3.3.1 Large deployment of electric aircraft being made for trainer aircraft
10.3.4 MILITARY HELICOPTERS
10.3.4.1 Wide applications of military helicopters drive their demand
10.4 BUSINESS & GENERAL AVIATION
TABLE 26 BUSINESS & GENERAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION)
TABLE 27 BUSINESS & GENERAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION)
10.4.1 LIGHT AIRCRAFT
10.4.1.1 Frequent modifications in light aircraft expected to fuel the market for aircraft electrification
10.4.2 BUSINESS JETS
10.4.2.1 Rising number of private aviation companies fuel demand for business jets
10.4.3 CIVIL HELICOPTERS
10.4.3.1 Rise in operational capabilities of helicopters and their decreasing cost of production drive this segment
10.5 UNMANNED AERIAL VEHICLES (UAV)
TABLE 28 UNMANNED AERIAL VEHICLES: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION)
TABLE 29 UNMANNED AERIAL VEHICLES: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION)
10.5.1 MILITARY UAVS
10.5.1.1 Ability to fly for long durations and perform variety of military operations fuels demand
10.5.2 COMMERCIAL UAVS
10.5.2.1 Applications in search & rescue operations, precision farming, and law enforcement to drive demand
10.6 ADVANCED AIR MOBILITY
TABLE 30 ADVANCED AIR MOBILITY: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION)
10.6.1 AIR TAXIS
10.6.1.1 Need for on-demand urban transportation fuels growth of the segment
10.6.2 AIR SHUTTLES/METROS
10.6.2.1 Demand driven by need for alternative urban transportation solutions
10.6.3 PERSONAL AERIAL VEHICLES
10.6.3.1 Need for personal transport alternatives within the city to drive demand
10.6.4 CARGO AERIAL VEHICLES
10.6.4.1 Demand high for intercity and intracity cargo transportation
10.6.5 AIR AMBULANCE AND MEDICAL EMERGENCY VEHICLES
10.6.5.1 Focus on serving medical emergency services will boost development of air ambulance
10.6.6 LAST-MILE DELIVERY VEHICLES
10.6.6.1 Need for package delivery solutions without human intervention expected to boost this segment
11 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM (Page No. - 114)
11.1 INTRODUCTION
FIGURE 30 PROPULSION SYSTEM SEGMENT TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD
TABLE 31 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2017–2020 (USD MILLION)
TABLE 32 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2021–2030 (USD MILLION)
11.2 PROPULSION SYSTEM
11.2.1 ELECTRICAL PROPULSION SYSTEMS HELP REDUCE FUEL BURN AND THEREBY ATMOSPHERIC EMISSIONS
11.3 ENVIRONMENT CONTROL SYSTEM
11.3.1 THE NEED FOR CABIN AIR FILTRATION AND REGULATED TEMPERATURE IN AIRCRAFT BOOSTS THIS SEGMENT
11.4 FLIGHT CONTROL SYSTEM
11.4.1 DEPLOYMENT OF FLIGHT CONTROL SYSTEMS HELP REDUCE WEIGHT OF AIRCRAFT AND PILOT WORKLOAD
11.5 LANDING GEAR SYSTEM
11.6 ICE PROTECTION SYSTEM
11.7 THRUST REVERSER SYSTEM
12 REGIONAL ANALYSIS (Page No. - 119)
12.1 INTRODUCTION
FIGURE 31 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF AIRCRAFT ELECTRIFICATION MARKET IN 2022
12.2 NORTH AMERICA
FIGURE 32 NORTH AMERICA AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT
TABLE 33 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 34 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 35 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 36 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 37 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 38 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
12.2.1 PESTLE ANALYSIS: NORTH AMERICA
12.2.2 US
12.2.2.1 Presence of leading manufacturers of aircraft and electric components fuel growth of market in the US
TABLE 39 US: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 40 US: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 41 US: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 42 US: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.2.3 CANADA
12.2.3.1 Growth of aerospace industry in Canada fueling the adoption of aircraft electrification
TABLE 43 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 44 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 45 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 46 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3 EUROPE
FIGURE 33 EUROPE AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT
12.3.1 PESTLE ANALYSIS: EUROPE
TABLE 47 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 48 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 49 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 50 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 51 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 52 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
12.3.2 FRANCE
12.3.2.1 Presence of leading aircraft manufacturers driving market in France
TABLE 53 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 54 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 55 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 56 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3.3 UK
12.3.3.1 Presence of aircraft OEMs and aircraft electric component manufacturers are leading to growth of market in the country
TABLE 57 UK: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 58 UK: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 59 UK: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 60 UK: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3.4 RUSSIA
12.3.4.1 Presence of OEMs expected to drive market in Russia
TABLE 61 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 62 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 63 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 64 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3.5 ITALY
12.3.5.1 Demand for electric components from aircraft manufacturers in Italy supporting market growth
TABLE 65 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 66 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 67 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 68 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3.6 GERMANY
12.3.6.1 Developments in electric propulsion are driving market in Germany
TABLE 69 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 70 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 71 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 72 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.3.7 REST OF EUROPE
12.3.7.1 Supportive government policies and short airfield networks drive market in this region
TABLE 73 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 74 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 75 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 76 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC
TABLE 77 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 78 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 79 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 80 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 81 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 82 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Significant potential for adoption of electric propulsion driving the market in China
TABLE 83 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 84 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 85 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 86 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4.3 JAPAN
12.4.3.1 Technologically advanced capabilities along with skilled human effort expected to drive market in Japan
TABLE 87 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 88 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 89 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 90 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4.4 INDIA
12.4.4.1 Improving domestic capabilities of aerospace industry drive market
TABLE 91 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 92 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 93 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 94 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4.5 AUSTRALIA
12.4.5.1 Penetration of advanced technologies in international as well as domestic air traffic is driving market
TABLE 95 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 96 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 97 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 98 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4.6 SOUTH KOREA
12.4.6.1 Presence of electric component manufacturers in South Korea to support the growth of market
TABLE 99 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 100 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 101 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 102 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.4.7 REST OF ASIA PACIFIC
12.4.7.1 Ease in the availability of raw materials as well as cheap labor in this region to stimulate market growth
TABLE 103 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 104 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 105 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 106 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 107 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2022-2030 (USD MILLION)
TABLE 108 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2022-2030 (USD MILLION)
12.5 MIDDLE EAST
12.5.1 PESTLE ANALYSIS: MIDDLE EAST
TABLE 109 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 110 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 111 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 112 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 113 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 114 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
12.5.2 ISRAEL
12.5.2.1 Emergence of startups in electric aircraft manufacturing driving market in Israel
TABLE 115 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 116 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 117 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 118 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.5.3 UAE
12.5.3.1 Presence of leading global airlines to drive market for aircraft electrification in the UAE
TABLE 119 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 120 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 121 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 122 UAE AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.5.4 SAUDI ARABIA
12.5.4.1 High military expenditure to fuel market in Saudi Arabia
TABLE 123 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 124 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 125 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 126 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.5.5 TURKEY
12.5.5.1 Increasing military spending expected to drive market
TABLE 127 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 128 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 129 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 130 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.5.6 REST OF THE MIDDLE EAST
12.5.6.1 Growing demand for aircraft electric components to drive the market in this region
TABLE 131 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 132 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 133 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 134 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.6 LATIN AMERICA
12.6.1 PESTLE ANALYSIS: LATIN AMERICA
TABLE 135 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 136 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 137 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 138 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 139 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 140 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
12.6.2 BRAZIL
12.6.2.1 Presence of leading airlines and aircraft manufacturers driving market
TABLE 141 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 142 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 143 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 144 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.6.3 MEXICO
12.6.3.1 Investments by global aircraft manufacturing companies fuel market growth in the country
TABLE 145 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 146 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 147 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 148 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.6.4 REST OF LATIN AMERICA
12.6.4.1 Availability of low-cost raw materials driving the market
TABLE 149 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 150 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 151 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 152 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
12.7 AFRICA
TABLE 153 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 154 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 155 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 156 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 180)
13.1 INTRODUCTION
13.2 MARKET SHARE ANALYSIS, 2020
TABLE 157 DEGREE OF COMPETITION
FIGURE 35 MARKET SHARE OF TOP PLAYERS IN AIRCRAFT ELECTRIFICATION MARKET, 2020 (%)
13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020
FIGURE 36 REVENUE ANALYSIS OF TOP 5 PLAYERS IN THE AIRCRAFT ELECTRIFICATION MARKET
13.4 COMPANY EVALUATION QUADRANT
13.4.1 STAR
13.4.2 EMERGING LEADER
13.4.3 PERVASIVE
13.4.4 PARTICIPANT
FIGURE 37 AIRCRAFT ELECTRIFICATION MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
13.5 COMPETITIVE BENCHMARKING
TABLE 158 COMPANY PRODUCT FOOTPRINT:
TABLE 159 COMPANY FOOTPRINT, BY SYSTEM
TABLE 160 COMPANY FOOTPRINT, BY PLATFORM
TABLE 161 COMPANY REGION FOOTPRINT
13.6 STARTUPS COMPETITIVE LEADERSHIP MAPPING
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 38 AIRCRAFT ELECTRIFICATION MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020
13.6.5 COMPETITIVE BENCHMARKING
TABLE 162 AIRCRAFT ELECTRIFICATION MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 163 AIRCRAFT ELECTRIFICATION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
13.7 COMPETITIVE SCENARIO
13.7.1 DEALS
TABLE 164 DEALS, 2017–2022
13.7.2 PRODUCT LAUNCHES
TABLE 165 PRODUCT LAUNCHES, 2017–2022
14 COMPANY PROFILES (Page No. - 202)
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
14.1 KEY PLAYERS
14.1.1 HONEYWELL INTERNATIONAL INC.
TABLE 166 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 39 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 167 HONEYWELL INTERNATIONAL INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 168 HONEYWELL INTERNATIONAL INC.: NEW PRODUCT DEVELOPMENTS
TABLE 169 HONEYWELL INTERNATIONAL INC.: DEALS
14.1.2 SAFRAN
TABLE 170 SAFRAN: BUSINESS OVERVIEW
FIGURE 40 SAFRAN: COMPANY SNAPSHOT
TABLE 171 SAFRAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 172 SAFRAN: DEALS
14.1.3 THALES GROUP
TABLE 173 THALES GROUP: BUSINESS OVERVIEW
FIGURE 41 THALES GROUP: COMPANY SNAPSHOT
TABLE 174 THALES GROUP PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 THALES GROUP: DEALS
14.1.4 RAYTHEON TECHNOLOGIES
TABLE 176 RAYTHEON TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 42 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 177 RAYTHEON TECHNOLOGIES PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 178 RAYTHEON TECHNOLOGIES: DEALS
14.1.5 GENERAL ELECTRIC
TABLE 179 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 43 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 180 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 181 GENERAL ELECTRIC: DEALS
14.1.6 AMETEK, INC.
TABLE 182 AMETEK: BUSINESS OVERVIEW
FIGURE 44 AMETEK: COMPANY SNAPSHOT
TABLE 183 AMETEK TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 184 AMETEK TECHNOLOGIES: DEALS
14.1.7 MEGGITT PLC
TABLE 185 MEGGITT PLC: BUSINESS OVERVIEW
FIGURE 45 MEGGITT PLC: COMPANY SNAPSHOT
TABLE 186 MEGGITT PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 187 MEGGITT PLC: DEALS
14.1.8 BAE SYSTEMS
TABLE 188 BAE SYSTEMS: BUSINESS OVERVIEW
FIGURE 46 BAE SYSTEMS: COMPANY SNAPSHOT
TABLE 189 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 190 BAE SYSTEMS: DEALS
14.1.9 EAGLEPICHER TECHNOLOGIES LLC
TABLE 191 EAGLEPICHER TECHNOLOGIES LLC.: BUSINESS OVERVIEW
TABLE 192 EAGLEPICHER TECHNOLOGIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.10 ASTRONICS CORPORATION
TABLE 193 ASTRONICS CORPORATION.: BUSINESS OVERVIEW
FIGURE 47 ASTRONICS CORPORATION: COMPANY SNAPSHOT
TABLE 194 ASTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 195 ASTRONICS CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 196 ASTRONICS CORPORATION: DEALS
14.1.11 CRANE AEROSPACE & ELECTRONICS
TABLE 197 CRANE AEROSPACE & ELECTRONICS: BUSINESS OVERVIEW
FIGURE 48 CRANE AEROSPACE & ELECTRONICS: COMPANY SNAPSHOT
TABLE 198 CRANE AEROSPACE & ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 199 CRANE AEROSPACE & ELECTRONICS: DEALS
14.1.12 MAGNIX
TABLE 200 MAGNIX: BUSINESS OVERVIEW
TABLE 201 MAGNIX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 202 MAGNIX: DEALS
14.1.13 PBS AEROSPACE
TABLE 203 PBS AEROSPACE BUSINESS OVERVIEW
TABLE 204 PBS AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.14 ACME AEROSPACE INC. & AVIONIC INSTRUMENTS, LLC
TABLE 205 ACME AEROSPACE INC. & AVIONIC INSTRUMENTS, LLC: BUSINESS OVERVIEW
TABLE 206 ACME AEROSPACE INC. & AVIONIC INSTRUMENTS, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.15 NABTESCO CORPORATION
TABLE 207 NABTESCO CORPORATION: BUSINESS OVERVIEW
FIGURE 49 NABTESCO CORPORATION: COMPANY SNAPSHOT
TABLE 208 NABTESCO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.16 CARLISLE INTERCONNECT TECHNOLOGIES
TABLE 209 CARLISLE IT: BUSINESS OVERVIEW
FIGURE 50 CARLISLEIT: COMPANY SNAPSHOT
TABLE 210 CARLISLEIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 211 CARLISLEIT: NEW PRODUCT DEVELOPMENTS
TABLE 212 CARLISLEIT: DEALS
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 HARTZELL ENGINE TECHNOLOGIES
TABLE 213 HARTZELL ENGINE TECHNOLOGIES: COMPANY OVERVIEW
14.2.2 PIONEER MAGNETICS
TABLE 214 PIONEER MAGNETICS: COMPANY OVERVIEW
14.2.3 RADIANT POWER CORPORATION
TABLE 215 RADIANT POWER CORPORATION: COMPANY OVERVIEW
14.2.4 ENERSYS
TABLE 216 ENERSYS: COMPANY OVERVIEW
14.2.5 CROUZET AUTOMATISMES
TABLE 217 CROUZET AUTOMATISMES: COMPANY OVERVIEW
14.2.6 CTS CORPORATION
TABLE 218 CTS CORPORATION: COMPANY OVERVIEW
14.2.7 LEE AIR, INC.
TABLE 219 LEE AIR, INC.: COMPANY OVERVIEW
14.2.8 ELECTROMECH TECHNOLOGIES
TABLE 220 ELECTROMECH TECHNOLOGIES: COMPANY OVERVIEW
14.2.9 AEGIS POWER SYSTEMS, INC.
TABLE 221 AEGIS POWER SYSTEMS, INC.: COMPANY OVERVIEW
15 APPENDIX (Page No. - 261)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The research study involved the extensive use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg, and Factiva to identify and collect information relevant to the aircraft electrification market. Primary sources include industry experts from the aircraft electrification market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the aircraft electrification market as well as to assess the growth prospects of the market.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as the International Air Transport Association (IATA); the Federal Aviation Administration (FAA); the General Aviation Manufacturers Association (GAMA); corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from aircraft electrification component manufacturers; system integrators; component providers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, product, end user, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using aircraft electrification components were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of aircraft electrification and future outlook of their business which will affect the overall market.
The breakup of Primary Research:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the aircraft electrification market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Aircraft Electrification Market Size: Bottom-Up Approach
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Data Triangulation
After arriving at the overall size of the aircraft electrification market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends. Along with this, the market size was validated using the top-down and bottom-up approaches.
Meeting the Demand for Sustainable Aviation Solutions with Electric Propulsion Systems in the Aviation Electrification Industry
The electric propulsion system offers significant advantages over traditional fuel-based engines. Electric propulsion systems are more efficient, reliable, and environmentally friendly than traditional engines, making them a more attractive option for airlines and aircraft manufacturers. Additionally, the use of electric propulsion systems allows for reduced noise levels and vibrations, resulting in a more comfortable passenger experience.
Advancements in battery technology have made electric propulsion systems a more viable option for aircraft. The development of high-energy-density batteries has enabled electric aircraft to have longer ranges and carry more passengers and cargo, making them a more practical alternative to traditional fuel-based aircraft.
The increasing demand for sustainable and eco-friendly aviation solutions has driven the growth of the electric propulsion system. The aviation industry is under increasing pressure to reduce its environmental impact, and the use of electric propulsion systems is seen as a key way to achieve this goal. As a result, governments, regulatory bodies, and consumers are driving demand for more sustainable aviation solutions, with electric propulsion systems at the forefront of this movement.
The aircraft electric propulsion system is the main growth factor in the aviation electrification industry due to its efficiency, reliability, eco-friendliness, and practicality. As technology continues to advance and the demand for sustainable aviation solutions increases, the use of electric propulsion systems are expected to become even more widespread, driving further growth and innovation in the industry.
Report Objectives
- To define, describe, segment, and forecast the aircraft electrification market based on component, technology, application, platform, system, and region.
- To forecast the size of various segments of the aircraft electrification market based on five regions—North America, Europe, Asia Pacific, Latin America, Middle East and Africa ?along with major countries in each region.
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze technological advancements and product launches in the market
- To analyze micromarkets with respect to their growth trends, prospects, and contribution to the overall market
- To provide a detailed competitive landscape of the market, along with market share analysis of key players
- To strategically profile key players and comprehensively analyze their market position in terms of shares and core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the aircraft electrification market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in aircraft electrification market
Generating Response ...
Growth opportunities and latent adjacency in Aircraft Electrification Market