Global Aircraft Electrification Market Size Was Valued at USD 6.50 billion In 2021, And Is Projected to Reach USD 15.85 billion By 2028, Growing at A CAGR of 13.58% From 2022 To 2028.
Aircraft electrification is intriguing because it offers several benefits like as reduced emissions and noise. Also, Aircraft electrification provides a sustainable alternative for commercial air travel. To accomplish environmental goals, significant reductions in carbon emissions are required. By replacing traditional hydraulic and pneumatic systems with electric systems, airplanes can save about 3% on fuel by reducing the amount of engine bleed air necessary to operate these systems. Aviation emissions are increasing at a rate of about 5% per year, according to the EU's Flightpath 2050 program, which targets a 75% decrease in carbon emissions per passenger kilometer by 2050. The electrification of aircraft is a key step in achieving those objectives and combating climate change. Because of the growing need to cut carbon emissions and regulate pollution, the worldwide aircraft electrification industry is likely to rise significantly in the future years. Increased efforts to lessen reliance on oil are expected to increase demand for aircraft electrification. Electric motors drive propellers that produce thrust in an electric aircraft. It is equipped with a dispersed driving system. Batteries, solar cells, fuel cells, ground power connections, and other methods can all be used to provide electricity to aircraft. Therefore, Aircraft Electrification presents tremendous growth prospects during the forecasted period.
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Important insights revealed in this Aircraft Electrification Market report will enhance the financial progression of the global market through which generating huge revenues is possible for business players. Along with covering regional analysis, it also attempts to shed light on competitive assessment for the forecast time span 2022-2028. Moreover, it flashes light on some efficient sources to apply in the business for accomplishing effective results and huge revenues. This Aircraft Electrification Market research report equally focuses on some of the most vital ways to deal with risks involved in the business. It further captures market challenges, market dynamics including drivers and restraints and pricing structure. By knowing this information, it becomes easy for market players to ease the business processes and lead business towards successful path.
Aircraft Electrification Market - Size, Competitive Landscape and Segmentation Analysis:
Aircraft Electrification Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Segmentation of Aircraft Electrification Market:
By Type, Aircraft Electrification has been segmented into:
More Electric,Hybrid Electric,Fully Electric
By Applications, Aircraft Electrification has been segmented into:
Commercial,Military,General Aviation
Market Segment by Regions and Countries Level Analysis:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
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Scope of the Report
The study includes carbon fibers used in aircraft for commercial and military purposes. Both fixed-wing aircraft and rotorcraft are included in the study. Further, the study includes the use of carbon fiber in aircraft parts and components, which are either made completely with carbon fiber or a mixture of carbon fiber with other materials.
Scope of the Report
| Report Metric | Details |
| Market size available for years | 2016–2021 |
| Base year considered | 2021 |
| Forecast period | 2022–2028 |
| Forecast units | Billion (USD) |
| Segments covered | Type , Application, and Region |
| Geographies covered | North America, APAC, Europe, MEA, and Latin America |
| Companies covered | Airbus Group,Bombardier Inc.,Honeywell International Inc.,Raytheon Company,Safran Group,Thales Group,The Boeing Company,TTTech Computertechnik AG,United Technologies Corporation (UTC),Zodiac Aerospace SA and other major players. |
· Visualize the composition of the global Aircraft Electrification market products in terms of Product and application highlighting the critical commercial assets and players.
· Identify commercial opportunities in the global Aircraft Electrification market by analyzing trends and co-development deals.
· PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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