Aircraft Electrification Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The aircraft electrification market is estimated in 2022 at US $ 3.4 billion, and by 2028 it is to reach US $ 86 billion, with a 2022 to 2028 CAGR of 12%. The aircraft electrification market is expected to see significant growth over the next few years as the need to reduce carbon emissions and control environmental pollution increases. Increasing initiatives to reduce dependence on oil will increase the demand for electrification of aircraft. Electric aircraft are driven by electric motors driven by propellers that generate propulsion. There is a distributed drive system. Electricity can be supplied to aircraft through batteries, solar cells, fuel cells, and ground power cables. The first manned electric aircraft flew only 14 minutes in 1973. Since then, major research has been conducted in this area, and experts are considering electric planes as the future of aviation.

Company Profile

• Thales Group (France)
• United Technologies Corporation (US)
• GE Aviation (US)
• Raytheon Company (US)
• AMETEK (US)
• Meggitt PLC (UK)
• BAE Systems (UK)

Market Segmentation

On the basis of Technology

• More Electric
• Hybrid Electric (Solar Powered, Battery Powered, Fuel Cell Powered)
• Fully Electric

On the basis of Application

• Power Generation
• Power Distribution
• Power Conversion
• Energy Storage

On the basis of System

• Propulsion Systems
• Aircraft Systems

On the basis of Component

• Batteries
• Fuel Cells
• Solar Cells
• Electric Actuators
• Electric Pumps

Scope of the Report

The research study analyzes the Aircraft Electrification industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Aircraft Electrification Market Report

1. What was the Aircraft Electrification Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Aircraft Electrification Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Aircraft Electrification Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.