Emergen Research has recently added a new report titled Global Aircraft Electrification Market that provides an extensive analysis of the Aircraft Electrification market and industry overview with regards to market size, market share, revenue growth, key companies, current and emerging market trends, recent technological and product developments, and a comprehensive analysis of the impact of COVID-19 pandemic on the growth of the Aircraft Electrification Market.
Aircraft electrification refers to the use of electrical systems and components in aircraft to replace traditional mechanical and hydraulic systems. The aircraft electrification market is expected to grow significantly in the coming years due to the increasing demand for fuel-efficient and environmentally friendly aircraft. The global aircraft electrification market size was USD 8.87 Billion in 2022 and is expected to register a revenue CAGR of 14.3 % during the forecast period, according to latest analysis by Emergen Research.
One of the major drivers of the aircraft electrification market is the increasing demand for fuel-efficient aircraft. The use of electrical systems and components in aircraft can significantly reduce fuel consumption and emissions, leading to cost savings and environmental benefits. The growing concern for climate change and environmental pollution is driving the demand for more sustainable aircraft solutions.
Another driver of the aircraft electrification market is the increasing demand for lighter and more efficient aircraft components. Electrical systems and components are typically lighter and more efficient than traditional mechanical and hydraulic systems, leading to weight savings and improved performance. The demand for lightweight aircraft components is driven by the need to improve aircraft fuel efficiency and reduce operating costs.
According to the International Energy Agency, the aviation sector is responsible for around 2.5% of global carbon dioxide emissions. The agency notes that the adoption of more sustainable aircraft solutions such as electrification and biofuels is essential to reduce the environmental impact of the aviation sector.
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It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Honeywell International Inc., Rolls-Royce Holdings plc, GE Aerospace, BAE Systems plc, Eaton Corporation, Raytheon Technologies Corporation, ST Microelectronics NV, Thales Group, Meggitt PLC, Crane Co., Cobham Limited, Safran SA, Teledyne Technologies Incorporated, Nidec Corporation, Calnetix Technologies, LLC., Lufthansa Group, Diehl Stiftung & Co. KG and others
Report Highlights:
Besides offering a vivid depiction of the global Aircraft Electrification business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Regional Landscape section of the Aircraft Electrification Market report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Aircraft Electrification market expected to boost the growth of the industry in the coming years.
Aircraft Electrification Market Segmentation:
Aircraft Type Outlook (Revenue, USD Billion; 2019-2032)
Fixed Wing
Commercial Aircraft
Business Aircraft
Regional Jets
General Aviation
Military Aircraft
Fixed-Wing UAVs
Rotary-Wing
Military Helicopter
Civil Helicopter
Rotary Wing UAVs
Technology Outlook (Revenue, USD Billion; 2019-2032)
Conventional
Hybrid Electric
Fully Electric
Component Outlook (Revenue, USD Billion; 2019-2032)
Integrated Circuits (ICs)
Microprocessors and Microcontrollers
Sensors
Actuators
Batteries
Wiring and Connectors
Communication Systems
Generators
Transformers
Inverters
Others
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Highlights of Table of Contents (TOC):
Overview of Global Aircraft Electrification Market
Competitive analysis of the Aircraft Electrification Market
Regional analysis of Global Aircraft Electrification Market production and revenue
Regional analysis of Global Aircraft Electrification Market supply, consumption, and export & import
Type-based market analysis of global Aircraft Electrification production, revenue, and price trends
Application-based analysis of the global Aircraft Electrification Market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Aircraft Electrification market
Conclusion of the research report
Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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