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The aircraft electrification market is estimated to be USD 3.4 billion in 2022 and is projected to reach USD 8.6 billion by 2030, at a CAGR of 12.2% from 2022 to 2030. <br>
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Aircraft Electrification Market worth $8.6 billion by 2030 with CAGR Of 12.2%
Scope of The Report Research report categorizes the Aircraft Electrification Market based on Technology, Research report categorizes the Aircraft Electrification Market based on Technology, Application, System, Component, Platform & by region. Application, System, Component, Platform & by region. By Component Component By Technology By Region North America Europe Asia Pacific Middle East Latin America • • • • • More Electric Hybrid Electric Fully Electric Batteries Fuel Cells Actuators Generators Power Electronics Distribution Devices • • • • • • • • • And More…
Recent Developments In The Aircraft Electrification Market • In June 2019, Honeywell International Inc. (US) and DENSO Corporation (Ja pan) collaborated for the development of the electric propulsion system for ur ban air mobility. This is expected to offer several market opportunities in elect ric aircraft technology. • In June 2019, Daher (France), Safran (France), and Airbus (France) announc ed a joint venture for the development of EcoPulseTM, a distributed hybrid pr opulsion aircraft demonstrator. This is expected to accelerate the evolution of conventional aircraft towards hybrid electric aircraft. • In September 2019, Safran (France) and Boeing (US) announced joint invest ment in electric power systems (EPS) that are expected to help develop batte ries for the urban air mobility and electric aircraft projects.
Key Segments The global aircraft electrification market is estimated to be USD 3.4 billion in 2022 and is projected to reach USD 8.6 billion by 2030, at a CAGR of 12.2% from 2022 to 2030. 1 The aircraft electrification technology is installed to enable the evol ution of traditional aircraft operating on conventional fossil fuels into electrically operated aircraft. 2 3 Browse 121 market data Tables and 46 Figures spread through 177 Pages and in-depth TOC on "Aircraft Electrification Market - Global Forecast to 2030" More electric technology segment is estimated to account for the large st share of the aircraft electrification market in 2022 4 5 The power distribution segment is estimated to account for the largest sh are of the aircraft electrification market in 2022
Aircraft Electrification Market Growth Rate 2030 2022 CAGR of 12.2% Market Size of $3.4 Billion Market Size of $8.6 Billion
Key Vendors Vendors Honeywell International Inc. (US) Safran (France) Thales Group (France) United Technologies Corporation (US) GE Aviation (US) Raytheon Company (US) AMETEK (US) Meggitt PLC (UK) BAE Systems (UK) Radiant Power Corporation (US) • • • • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/aircraf t-electrification-market-31650461.html
Top Region.. North America • Asia Pacific • Europe • Middle East • Latin America • View Report Here - https://www.marketsandmarkets.com/Market-Reports/aircraft-electrification-market-31650 461.html
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