DUBLIN--(BUSINESS WIRE)--The "Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Application, System, Component (Batteries, Fuel Cells, Actuators, Generators, Power Electronics, Distribution Devices), Platform, Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Increasing emphasis on the reduction of emissions and aircraft noise is driving market growth
The increasing need to reduce carbon emissions and control environmental pollution are expected to drive demand. However, the limited range and capacity of electric aircraft are limiting the overall growth of the market.
Based on system, the propulsion systems segment is projected to lead the aircraft electrification market by 2030
Based on system, the propulsion systems segment is projected to lead the aircraft electrification market by 2030. The penetration of electric components in propulsion systems is projected to enhance the power for take-off, thereby enabling the replacement of turbofans with liquid-cooled electric motors. The adoption of electrical propulsion systems is majorly attributed to the increasing emphasis on reduction in burning fuel, leading to a substantial decrease in atmospheric emissions.
Based on platform, the business & general aviation segment is projected to grow at the highest CAGR in the aircraft electrification market over the forecast period
The business & general aviation segment is expected to witness higher growth compared to other segments in the aircraft electrification market. The significant market growth of the segment is attributed to increasing aircraft electrification projects for domestic air transport. The increasing focus of governing bodies on the reduction of emissions in domestic air transport is driving the market for the business & general segment.
Europe is estimated to account for the largest share of the market in 2022 Government bodies such as the European Union Aviation Safety Agency (EASA), the European Defence Agency (EDA), the UK Civil Aviation Authority (CAA), and the
European Air Transport Command, among others, plays a crucial role in ensuring transportation safety and addressing various issues related to air transport such as carbon emissions and noise pollution, among others. The presence of key manufacturers of electric aircraft in Europe including Rolls-Royce (UK), Safran Group (France), GKN Aerospace (UK), Airbus (Netherlands), Thales Group (France), and Turbomeca (France), among others are driving the growth of the aircraft electrification market in Europe.
Reasons to buy this report:
This report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aircraft electrification market and its subsegments. The report covers the entire ecosystem of aircraft electrification in the aviation industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, challenges, restraints, and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Research Approach & Methodology
2.3 Triangulation & Validation
2.4 Research Assumptions
2.5 Risk Analysis
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Aircraft Electrification Market
4.2 Aircraft Electrification Market, By System
4.3 Aircraft Electrification Market, By Platform
4.4 Aircraft Electrification Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
6 Industry Trends
6.1 Introduction
6.2 Aircraft Electrification Roadmap 2016 to 2040
6.3 Electric and Hybrid Aircraft Programs in 2019
6.4 Upcoming Trends in Hybrid and Electric Propulsion
6.5 Electric Component Technology Trends
6.6 Nasa Concept Electric Aircraft Programs
6.7 Nasa Future Aircraft Technologies
7 Aircraft Electrification Market, By Technology
7.1 Introduction
7.2 More Electric
7.3 Hybrid Electric
7.4 Fully Electric
8 Aircraft Electrification, By Application
8.1 Introduction
8.2 Power Generation
8.3 Power Distribution
8.4 Power Conversion
8.5 Energy Storage
9 Aircraft Electrification Market, By System
9.1 Introduction
9.2 Propulsion Systems
9.3 Aircraft Systems
10 Aircraft Electrification Market, By Component
10.1 Introduction
10.2 Batteries
10.3 Fuel Cells
10.4 Solar Cells
10.5 Electric Actuators
10.6 Electric Pumps
10.7 Generators
10.8 Motors
10.9 Power Electronics
10.10 Distribution Devices
11 Aircraft Electrification Market, By Platform
11.1 Introduction
11.2 Commercial Aviation
11.3 Military Aviation
11.4 Business & General Aviation
12 Regional Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East
12.6 Latin America
13 Competitive Landscape
13.1 Introduction
13.2 Competitive Leadership Mapping
13.3 Ranking of Key Players, 2019
13.4 Competitive Scenario
14 Company Profiles
14.1 Honeywell International Inc.
14.2 Safran
14.3 Thales Group
14.4 United Technologies Corporation
14.5 GE Aviation
14.6 Raytheon Company
14.7 Ametek
14.8 Meggitt PLC.
14.9 BAE Systems
14.10 Radiant Power Corporation
14.11 Eaglepicher Technologies, LLC
14.12 Astronics Corporation
14.13 Pioneer Magnetics
14.14 Esterline Technologies (Transdigm Group)
14.15 Crane Aerospace & Electronics
14.16 Hartzell Engine Technologies
14.17 PBS Aerospace
14.18 Nabtesco Corporation
14.19 Avionic Instruments, LLC
14.20 Carlisle Interconnect Technologies
For more information about this report visit https://www.researchandmarkets.com/r/5syc5d
