Aircraft Electrification Market - By Product Type, By Technology, By Application & Forecast, 2023

Description

List of Tables

Aircraft electrification market size is predicted to record over 13% CAGR from 2023 to 2032, driven by the imperative to reduce carbon emissions, enhance fuel efficiency, and the growing demand for electric propulsion systems. The integration of electric technologies is not only reshaping the aviation landscape but also establishing a new era of cleaner, more sustainable flight.

Airlines, driven by environmental concerns and the need to comply with stringent emissions regulations, are increasingly turning to electrification solutions. The International Civil Aviation Organization has adopted a new framework to promote SAF and other lower carbon fuels. By 2030, many governments across the globe have agreed to reducing CO2 emissions by 5%.

The aircraft electrification market is classified based on product type, technology, application, and region.

The batteries segment is expected to witness substantial growth through 2032 as advanced battery technologies are playing a pivotal role in transforming traditional aircraft into electric or hybrid-electric platforms. Lithium-ion batteries, with their high energy density and lightweight characteristics, provide the necessary power for electric propulsion. The battery advancements, including improved energy storage and faster charging capabilities, are catalyzing the electrification momentum. As the aviation industry embraces the potential of electric power, batteries stand as a beacon of progress, driving the paradigm shift toward cleaner and more efficient air travel.

The power distribution and conversion application segment will observe strong product demand through 2032 owing to the seamless integration of electrification technologies. The development of sophisticated power management systems, including advanced power electronics, intelligent control systems, and robust distribution networks, enables efficient distribute and convert electric power within the aircraft. This helps in achieving higher efficiency, reduced maintenance costs, and a lower environmental impact. As aviation continues to embrace electrification, this segment remains a cornerstone of the industry's commitment to sustainable and eco-friendly air travel.

Asia Pacific aircraft electrification market size is anticipated to expand rapidly over the forecast period. Governments across the region are actively promoting sustainable aviation initiatives, fostering partnerships with industry players, and investing in R&D. The growing aviation industry, coupled with a strong focus on environmental sustainability is encouraging the airlines and aerospace companies in the region to embrace the transformative power of electrification, bolstering the industry growth.

Product Code: 7069

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Aircraft electrification 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Technology Type
2.6 Application trends

Chapter 3 Aircraft electrification market Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Technological advancements in batteries, electric motors, and power electronics
  - 3.10.1.2 Increased demand for electric aircraft
  - 3.10.1.3 Expanding use of aircraft systems in new applications
  - 3.10.1.4 Government support for the development and adoption of electric aircraft
  - 3.10.1.5 Environmental regulations are becoming increasingly stringent.
3.11 Industry pitfalls & challenges
3.12 Growth potential analysis
3.13 Porter's analysis
3.14 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Honeywell (U.S.)
- 4.3.2 General Electric (U.S.)
- 4.3.3 Collins Aerospace (U.S.)
- 4.3.4 Safran (France)
- 4.3.5 MagniX (U.S.)
- 4.3.6 Eviation (Israel)
- 4.3.7 Joby Aviation (U.S.)
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Aircraft Electrification Market, By Component (USD Million)

5.1 Key trends, by Component
5.2 Electric Motors
5.3 Batteries
5.4 Power Electronics
5.5 Wiring and Distribution
5.6 Sensors
5.7 Environmental Control Systems
5.8 Others

Chapter 6 Aircraft Electrification Market, By Technology (USD Million)

6.1 Key trends, by Technology
6.2 Fully electric
6.3 Hybrid electric
6.4 More electric

Chapter 7 Aircraft electrification market, By Application (USD Million)

7.1 Key trends, by Application
7.2 Electric Propulsion
7.3 Power Distribution and Conversion:
7.4 Energy Storage
7.5 Electric Actuators
7.6 Fuel Cell
7.7 Generators
7.8 Others

Chapter 8 Aircraft electrification market, By Region

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 Taiwan
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Honeywell (U.S.)
9.2 General Electric (U.S.)
9.3 Collins Aerospace (U.S.)
9.4 Safran (France)
9.5 MagniX (U.S.)
9.6 Eviation (Israel)
9.7 Joby Aviation (U.S.)
9.8 Ametek.Inc. (U.S.)
9.9 Astronics Corporation (U.S.)
9.10 Meggitt plc (U.K.)
9.11 Rolls-Royce plc (U.K.)
9.12 Thales Group (France)