Global Electric and Hybrid Aircraft Propulsion System Market 2024-2028

The electric and hybrid aircraft propulsion system market is forecasted to grow by USD 12.31 bn during 2023-2028, accelerating at a CAGR of 4.53% during the forecast period. The report on the electric and hybrid aircraft propulsion system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for light and ultralight electric aircraft, performance benefits of electric and hybrid aircraft propulsion systems over conventional power aircraft, and use of advanced techniques for aircraft construction.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.82%
CAGR	4.53%
Incremental Value	$12.31bn

Technavio's electric and hybrid aircraft propulsion system market is segmented as below:

By Technology

Hybrid powertrain
All-electric powertrain

By End-user

Military
Commercial
civil

By Geography

Europe
North America
APAC
Middle East and Africa
South America

This study identifies the increased use of electrical systems in modern aircraft as one of the prime reasons driving the electric and hybrid aircraft propulsion system market growth during the next few years. Also, increasing demand for short-haul range connectivity and sustainable development opportunities for electric and hybrid aircraft propulsion system will lead to sizable demand in the market.

The report on the electric and hybrid aircraft propulsion system market covers the following areas:

Electric and hybrid aircraft propulsion system market sizing
Electric and hybrid aircraft propulsion system market forecast
Electric and hybrid aircraft propulsion system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric and hybrid aircraft propulsion system market vendors that include Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., magniX, MAN Energy Solutions SE, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Safran SA, Siemens AG, Textron Inc., The Boeing Co., and Joby Aviation Inc.. Also, the electric and hybrid aircraft propulsion system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR73752

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global electric and hybrid aircraft propulsion system market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global electric and hybrid aircraft propulsion system market 2018 - 2022 ($ billion)
4.2 Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Technology Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
6.2 Comparison by Technology
Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology
6.3 Hybrid powertrain - Market size and forecast 2023-2028
Exhibit 34: Chart on Hybrid powertrain - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Hybrid powertrain - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Hybrid powertrain - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Hybrid powertrain - Year-over-year growth 2023-2028 (%)
6.4 All-electric powertrain - Market size and forecast 2023-2028
Exhibit 38: Chart on All-electric powertrain - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on All-electric powertrain - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on All-electric powertrain - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on All-electric powertrain - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Technology
Exhibit 42: Market opportunity by Technology ($ billion)
Exhibit 43: Data Table on Market opportunity by Technology ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Military - Market size and forecast 2023-2028
Exhibit 48: Chart on Military - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Military - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Military - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Military - Year-over-year growth 2023-2028 (%)
7.4 Commercial and civil - Market size and forecast 2023-2028
Exhibit 52: Chart on Commercial and civil - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Commercial and civil - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Commercial and civil - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Commercial and civil - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 56: Market opportunity by End-user ($ billion)
Exhibit 57: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2023-2028 (%)
Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 63: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 France - Market size and forecast 2023-2028
Exhibit 87: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on France - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Slovenia - Market size and forecast 2023-2028
Exhibit 95: Chart on Slovenia - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Slovenia - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Slovenia - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Slovenia - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Airbus SE
Exhibit 111: Airbus SE - Overview
Exhibit 112: Airbus SE - Business segments
Exhibit 113: Airbus SE - Key news
Exhibit 114: Airbus SE - Key offerings
Exhibit 115: Airbus SE - Segment focus
12.4 Bye Aerospace
Exhibit 116: Bye Aerospace - Overview
Exhibit 117: Bye Aerospace - Product / Service
Exhibit 118: Bye Aerospace - Key offerings
12.5 Cranfield Aerospace Solutions Ltd.
Exhibit 119: Cranfield Aerospace Solutions Ltd. - Overview
Exhibit 120: Cranfield Aerospace Solutions Ltd. - Product / Service
Exhibit 121: Cranfield Aerospace Solutions Ltd. - Key offerings
12.6 General Electric Co.
Exhibit 122: General Electric Co. - Overview
Exhibit 123: General Electric Co. - Business segments
Exhibit 124: General Electric Co. - Key news
Exhibit 125: General Electric Co. - Key offerings
Exhibit 126: General Electric Co. - Segment focus
12.7 GKN Aerospace Services Ltd.
Exhibit 127: GKN Aerospace Services Ltd. - Overview
Exhibit 128: GKN Aerospace Services Ltd. - Product / Service
Exhibit 129: GKN Aerospace Services Ltd. - Key offerings
12.8 Honeywell International Inc.
Exhibit 130: Honeywell International Inc. - Overview
Exhibit 131: Honeywell International Inc. - Business segments
Exhibit 132: Honeywell International Inc. - Key news
Exhibit 133: Honeywell International Inc. - Key offerings
Exhibit 134: Honeywell International Inc. - Segment focus
12.9 Israel Aerospace Industries Ltd.
Exhibit 135: Israel Aerospace Industries Ltd. - Overview
Exhibit 136: Israel Aerospace Industries Ltd. - Product / Service
Exhibit 137: Israel Aerospace Industries Ltd. - Key news
Exhibit 138: Israel Aerospace Industries Ltd. - Key offerings
12.10 Leonardo Spa
Exhibit 139: Leonardo Spa - Overview
Exhibit 140: Leonardo Spa - Business segments
Exhibit 141: Leonardo Spa - Key news
Exhibit 142: Leonardo Spa - Key offerings
Exhibit 143: Leonardo Spa - Segment focus
12.11 Lockheed Martin Corp.
Exhibit 144: Lockheed Martin Corp. - Overview
Exhibit 145: Lockheed Martin Corp. - Business segments
Exhibit 146: Lockheed Martin Corp. - Key news
Exhibit 147: Lockheed Martin Corp. - Key offerings
Exhibit 148: Lockheed Martin Corp. - Segment focus
12.12 magniX
Exhibit 149: magniX - Overview
Exhibit 150: magniX - Product / Service
Exhibit 151: magniX - Key offerings
12.13 Raytheon Technologies Corp.
Exhibit 152: Raytheon Technologies Corp. - Overview
Exhibit 153: Raytheon Technologies Corp. - Business segments
Exhibit 154: Raytheon Technologies Corp. - Key news
Exhibit 155: Raytheon Technologies Corp. - Key offerings
Exhibit 156: Raytheon Technologies Corp. - Segment focus
12.14 Rolls Royce Holdings Plc
Exhibit 157: Rolls Royce Holdings Plc - Overview
Exhibit 158: Rolls Royce Holdings Plc - Business segments
Exhibit 159: Rolls Royce Holdings Plc - Key news
Exhibit 160: Rolls Royce Holdings Plc - Key offerings
Exhibit 161: Rolls Royce Holdings Plc - Segment focus
12.15 Safran SA
Exhibit 162: Safran SA - Overview
Exhibit 163: Safran SA - Business segments
Exhibit 164: Safran SA - Key news
Exhibit 165: Safran SA - Key offerings
Exhibit 166: Safran SA - Segment focus
12.16 Textron Inc.
Exhibit 167: Textron Inc. - Overview
Exhibit 168: Textron Inc. - Business segments
Exhibit 169: Textron Inc. - Key news
Exhibit 170: Textron Inc. - Key offerings
Exhibit 171: Textron Inc. - Segment focus
12.17 The Boeing Co.
Exhibit 172: The Boeing Co. - Overview
Exhibit 173: The Boeing Co. - Business segments
Exhibit 174: The Boeing Co. - Key offerings
Exhibit 175: The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations