Press release
Aircraft Electrification Global Market By Type, By Technology, By Component, By Platform, By Application, By End User And By Regional Forecast 2023-2032 | The Boeing Company, Airbus SE, Safran Group, Thales Group, Moog Inc.
As per the aircraft electrification market report by The Business Research Company, the growing demand to reduce the carbon footprint is driving the electric aviation market. Carbon footprint refers to the total volume of greenhouse gases, notably carbon dioxide, that something, such as a person's actions or the manufacturing and shipping of a product, emits over a specified period.
The global aircraft electrification market size grew from $4.52 billion in 2022 to $5.09 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft electrification market size is expected to grow to $7.94 billion in 2027 at a CAGR of 11.8%.
Read More On The Aircraft Electrification Market Report Here: https://www.thebusinessresearchcompany.com/report/aircraft-electrification-global-market-report
Major competitors in the aircraft electrification market include The Boeing Company, Airbus SE, Safran Group, Honeywell International Inc., Raytheon Technologies Corporation, General Electric Company, Thales Group, Moog Inc., Parker-Hannifin Corp., Eaton, AMETEK Inc., Meggitt PLC, BAE Systems, EaglePicher Technologies, and Nabtesco Corporation.
The aircraft electrification market is segmented -
• By Component: Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motors, Power Electronics, Distribution Devices
• By Technology: More Electric, Hybrid Electric, Fully Electric
• By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the Aircraft electrification.
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The aircraft electrification refers to method of using electric motors to power the propeller engines of airplanes to reduce air pollution. In aircraft electrification, the engine employs electric power for all non-propulsive systems and focuses on altering current operations or systems to increase efficiency or to lessen the amount of work the engine must perform through altering the aircraft or operational systems.
The Table of Content for The Aircraft Electrification Market Include:
1. Executive Summary
2. Aircraft Electrification Market Characteristics
3. Aircraft Electrification Market Trends And Strategies
4. Aircraft Electrification Forwarding Market - Macro Economic Scenario
5. Aircraft Electrification Market Size And Growth
.....
26. Africa Aircraft Electrification Market
27. Aircraft Electrification Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Electrification Market
29. Aircraft Electrification Market Future Outlook and Potential Analysis
30. Appendix
The "Global Aircraft Electrification Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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