{"product_id":"global-aircraft-electrification-market-size-study-forecast-by-component-batteries-fuel-cells-electric-actuators-generators-motors-power-electronics-distribution-devices-others-by-application-power-generation-power-distribution-power-convers","title":"Global Aircraft Electrification Market Size study \u0026 Forecast, by Component (Batteries, Fuel Cells, Electric Actuators, Generators, Motors, Power Electronics, Distribution Devices, Others) by Application (Power Generation, Power Distribution, Power Convers","description":"\u003cp\u003eGlobal Aircraft Electrification Market Size study \u0026amp; Forecast, by Component (Batteries, Fuel Cells, Electric Actuators, Generators, Motors, Power Electronics, Distribution Devices, Others) by Application (Power Generation, Power Distribution, Power Conversion, Energy Storage), by Technology (More Electric, Hybrid Electric, Fully Electric) and Regional Analysis, 2023-2030\u003cbr\u003e\nGlobal Aircraft Electrification Market is valued approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.  Aircraft electrification is the process of replacing traditional mechanical, hydraulic, and pneumatic systems in aircraft with electrical systems. This involves using electric motors, batteries, and other power electronics to control various aircraft functions, including propulsion, environmental control, and flight control. Aircraft electrification has gained traction in recent years as a way to reduce the environmental impact of air travel. Electric aircraft are much quieter and emit far fewer pollutants than traditional aircraft. In addition, they are more efficient, which means they use less fuel and can fly further on a single charge. The key factor driving the market growth is growing need for cleaner and quieter aircraft, advances in batteries, electric motors, and power electronics, increase in demand for unmanned aerial vehicles, and surging demand for electrical systems in aircraft that anticipated to create the lucrative demand for the market during forecast period.\u003c\/p\u003e\n\n\u003cp\u003eMoreover, the rising demand for unmanned aerial vehicles (UAVs) is one of the factors driving the growth of the aircraft electrification market. UAVs require reliable and efficient power systems to operate, and electrification technologies are becoming increasingly popular to achieve these requirements. Electric propulsion systems are being used in UAVs to provide a more efficient and cleaner alternative to traditional combustion engines. These systems offer benefits such as reduced fuel consumption, lower emissions, and quieter operation, making them ideal for applications such as surveillance, reconnaissance, and cargo transport. According to Statista, in 2018, the global unmanned aerial vehicles was valued USD 25.59 billion, and the number is anticipated to reach USD 70.28 billion by 2029. As a result, the rising UAVs market is anticipated to support the market growth during forecast period. Additionally, development of lithium-ion batteries, and emergence of advanced air mobility is anticipated to create the lucrative opportunity for the market during forecast period. However, the high limited range of electric aircraft stifles market growth throughout the forecast period of 2023-2030.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Aircraft Electrification Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East \u0026amp; Africa. North America dominated the market in 2022 owing to the presence of key market players including Boeing, Lockheed Corporation, and others, rising demand for electric and hybrid-electric aircraft, and growing investments by key market players is the field of aircraft electrification.  Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising adoption of electric propulsion, technologically advanced capabilities along with skilled human effort, improving domestic capabilities of aerospace industry, and penetration of advanced technologies in international as well as domestic air traffic.\u003c\/p\u003e\n\n\u003cp\u003eMajor market player included in this report are:\u003cbr\u003e\nAmetek.Inc.\u003cbr\u003e\nAstronics Corporation\u003cbr\u003e\nBAE Systems\u003cbr\u003e\nCollins Aerospace\u003cbr\u003e\nHoneywell International Inc.\u003cbr\u003e\nMagniX\u003cbr\u003e\nMeggitt plc\u003cbr\u003e\nRolls-Royce plc\u003cbr\u003e\nSafran S.A.\u003cbr\u003e\nThales Group\u003cbr\u003e\nRecent Developments in the Market:\u003cbr\u003e\n? In February 2022, Boeing was selected by GE Aviation to assist with flying tests of its hybrid-electric propulsion system using a modified Saab 340B aircraft and CT7-9B turboprop engines. Services for aircraft modification, system integration, and flight testing will be offered to GE Aviation by Boeing and its affiliate Aurora Flight Sciences.\u003cbr\u003e\nGlobal Aircraft Electrification Market Report Scope:\u003cbr\u003e\n?Historical Data – 2020 - 2021\u003cbr\u003e\n?Base Year for Estimation – 2022\u003cbr\u003e\n?Forecast period - 2023-2030\u003cbr\u003e\n?Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\n?Segments Covered - Component, Application, Technology, Region\u003cbr\u003e\n?Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East \u0026amp; Africa\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players.\u003c\/p\u003e\n\n\u003cp\u003eThe detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Component:\u003cbr\u003e\nBatteries\u003cbr\u003e\nFuel Cells\u003cbr\u003e\nElectric Actuators\u003cbr\u003e\nGenerators\u003cbr\u003e\nMotors\u003cbr\u003e\nPower Electronics\u003cbr\u003e\nDistribution Devices\u003cbr\u003e\nOthers\u003cbr\u003e\nBy Application:\u003cbr\u003e\nPower Generation\u003cbr\u003e\nPower Distribution\u003cbr\u003e\nPower Conversion\u003cbr\u003e\nEnergy Storage\u003cbr\u003e\nBy Technology:\u003cbr\u003e\nMore Electric\u003cbr\u003e\nHybrid Electric\u003cbr\u003e\nFully Electric\u003cbr\u003e\nBy Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003c\/p\u003e\n\n\u003cp\u003eMiddle East \u0026amp; Africa\u003cbr\u003e\nSaudi Arabia\u003cbr\u003e\nSouth Africa\u003cbr\u003e\nRest of Middle East \u0026amp; Africa\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eAmetek.Inc.\u003cbr\u003e\nAstronics Corporation\u003cbr\u003e\nBAE Systems\u003cbr\u003e\nCollins Aerospace\u003cbr\u003e\nHoneywell International Inc.\u003cbr\u003e\nMagniX\u003cbr\u003e\nMeggitt plc\u003cbr\u003e\nRolls-Royce plc\u003cbr\u003e\nSafran S.A.\u003cbr\u003e\nThales Group\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"May, 2023 \/ 200 Pages \/ MCW16279609","offer_id":47710890754354,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-aircraft-electrification-market-size-study-forecast-by-component-batteries-fuel-cells-electric-actuators-generators-motors-power-electronics-distribution-devices-others-by-application-power-generation-power-distribution-power-convers","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}