The global aircraft
electrification market foreseen to grow by 12.7%, from USD 5.84 Billion in 2021
to USD 15.20 Billion in 2029. Refinements in
batteries, electric engines, and power electronics, the growing need for
cleaner and quieter aircraft, and low operational costs are driving the market
growth over the forecast period. However, the limited range of electric
aircraft and power density limitations of electric propulsion technology remain
factors hampering the market growth.
Market Definition
What is Aircraft
Electrification?
Aeroplanes
generate electricity using an alternate generator. Planes have batteries, a
more advanced electrical system, and batteries are an integral component.
Aircraft electrification is necessary to achieve the goal, and the aircraft
industry is generating opportunities and expanding technology.
Market Overview
The
aircraft electrification market search study helps to thoroughly
understand the current trend in the market competitive analysis of the players
in the emerging market. Moreover, the DRO in the aircraft electrification
market offers valuable perspicuity and a current scenario for making the right
decision. The research study covers the eminent players in the market with a
detailed analysis of the company and a financial overview containing their net
sales, business mix and geographical reach It mainly focuses on the key
developments of the products/services offered by the company in recent years.
Besides, we at Zettabyte have the expertise to analyses the global aircraft
electrification market player's competitive landscape helping the client
comprehend their specific strategic growth approaches.
Aircraft
electrification market study by "Zettabyte Analytics" offers details
about the market scope, market segmentation, technological advancement in the aircraft
electrification market and highlights the optimistic, competitive landscape and
trends enduring over the years.
Major players in
the aircraft electrification market Acme aerospace Inc. ,Aegis Power Systems,
Inc.,Ametek, Inc.,Artzell Engine Technologies,Astronics Corporation, Avionic
Instruments, Llc, Bae Systems, Carlisle Interconnect Technologies, Crane aerospace
& Electronics, Crouzet Automatismes,CTS Corporation, Eaglepicher
Technologies Llc, Electromech Technologies,Enersys, General Electric, Honeywell
International Inc., Lee Air, Inc., MagniX, Meggitt Plc, Nabtesco Corporation, Pbs
aerospace, Pioneer Magnetics, Radiant Power Corporation, Raytheon Technologies,
Safran, Thales Group
COVID-19 Impact on Global Aircraft
Electrification Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the aircraft
electrification market has forced the companies to change their sourcing,
pricing, and promotion strategies. The aircraft electrification market players
are seen focusing more on optimizing the E-commerce networks with the rising
innovations in the digital sector, which are creating new business models for
the food and beverage industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East & africa,
and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and aircraft
electrification market future markets are analyzed to understand their impact
on demand for the forecast period. Growth rates have been estimated using
correlation, regression and time-series analysis.
Market Segmentation
For the purpose
of this report, the global aircraft electrification market segmented on the
basis of product type, function type, form type, end user, and region:
Component
|
Batteries
|
Distribution
Devices
|
Electric
Actuators
|
Electric
Pumps
|
Fuel
Cells
|
Generators
|
Motors
|
Power
Electronics
|
Solar
Cells
|
|
|
Technology
|
Fully
Electric
|
Hybrid
Electric
|
More
Electric
|
|
|
Platform
|
Advanced
Air Mobility
|
Fixed
Wing
|
Rotary
Wing
|
Unmanned
Aerial Vehicles (UAVs)
|
|
|
System
|
Environmental
Control System
|
Flight
Control System
|
Ice
Protection System
|
Landing
Gear System
|
Propulsion
System
|
Thrust
Reverser System
|
|
|
Application
|
Energy
Storage
|
Power
Conversion
|
Power
Distribution
|
Power
Generation
|
Component Outlook:
On the basis of
component, the market is segmented into batteries, distribution devices,
electric actuators, electric pumps, fuel cells, generators, motors, power
electronics solar cells.
Figure 1 Aircraft Electrification Market By Component
(Market Size And Forecast By Value - USD Million, 2021 & 2029)

Technology Outlook:
On the basis of
technology, the market is segmented into fully electric, hybrid electric, more
electric.
Figure 2 Technology Outlook (Revenue, USD
Million, 2021)
