Aircraft Electrification Market by Component (Batteries, Control Systems, Electric Actuators), Technology (Electrical Vertical Takeoff & Landing, Fully Electric Aircraft, Hybrid-Aircraft Electrification), System, Platform, Application - Global Forecast 2024-2030
The Aircraft Electrification Market size was estimated at USD 7.74 billion in 2023 and expected to reach USD 8.78 billion in 2024, at a CAGR 14.50% to reach USD 19.97 billion by 2030.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Aircraft Electrification Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aircraft Electrification Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Aircraft Electrification Market, highlighting leading vendors and their innovative profiles. These include Acme Aerospace Inc. & Avionic Instruments LLC by Transdigm Group, Inc., Aegis Power Systems, Inc., Airbus SE, AMETEK Inc., Astronics Corporation, BAE Systems PLC, Carlisle Interconnect Technologies, Collins Aerospace by Raytheon Technologies Corporation, Crane Aerospace & Electronics, EaglePicher Technologies, Electromech Technologies, EnerSys, General Electric Company, Hartzell Engine Technologies LLC by Tailwind Technologies Inc., Honeywell International Inc., Lockheed Martin Corporation, magniX, Meggitt PLC by Parker-Hannifin Corporation, Nabtesco Corporation, Nidec Corporation, Pioneer Magnetics, Inc., Rolls-Royce plc, Safran Group, Teledyne Technologies Incorporated, and Thales Group.
Market Segmentation & Coverage
This research report categorizes the Aircraft Electrification Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Batteries
Control Systems
Electric Actuators
Electric Pumps
Generators
Motors
Power Conversion Systems
Power Electronics
Thermal Management Systems
Voltage Distribution Systems
Technology
Electrical Vertical Takeoff & Landing
Fully Electric Aircraft
Hybrid-Aircraft Electrification
System
Environmental Control System
Flight Control System
Ice Protection System
Landing Gear System
Propulsion System
Thrust Reverser System
Platform
Advanced Air Mobility
Fixed Wing
Rotary Wing
Unmanned Aerial Vehicles
Application
Energy Storage
Power Conversion
Power Distribution
Power Generation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom The report offers valuable insights on the following aspects:
Market Penetration: It presents comprehensive information on the market provided by key players.
Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
What is the market size and forecast of the Aircraft Electrification Market?
Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aircraft Electrification Market?
What are the technology trends and regulatory frameworks in the Aircraft Electrification Market?
What is the market share of the leading vendors in the Aircraft Electrification Market?
Which modes and strategic moves are suitable for entering the Aircraft Electrification Market?
Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Aircraft Electrification Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Expanding air transportation industry
5.1.1.2. Rising awareness toward low carbon-emitting aircraft solutions to reduce the harmful environmental impacts
5.1.1.3. Emergence of advanced alternative solutions for electrification of aircrafts coupled with limited availability of natural resources
5.1.2. Restraints
5.1.2.1. High costs associated with electrification of aircrafts solutions worldwide
5.1.3. Opportunities
5.1.3.1. Favorable governmental initiatives and investments for electrical military aircrafts
5.1.3.2. Proliferation in the adoption of electrified UAVs in commercial and domestic sectors
5.1.4. Challenges
5.1.4.1. Operational challenges associated with aircraft electrification
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Aircraft Electrification Market, by Component
6.1. Introduction
6.2. Batteries
6.3. Control Systems
6.4. Electric Actuators
6.5. Electric Pumps
6.6. Generators
6.7. Motors
6.8. Power Conversion Systems
6.9. Power Electronics
6.10. Thermal Management Systems
6.11. Voltage Distribution Systems
7. Aircraft Electrification Market, by Technology
7.1. Introduction
7.2. Electrical Vertical Takeoff & Landing
7.3. Fully Electric Aircraft
7.4. Hybrid-Aircraft Electrification
8. Aircraft Electrification Market, by System
8.1. Introduction
8.2. Environmental Control System
8.3. Flight Control System
8.4. Ice Protection System
8.5. Landing Gear System
8.6. Propulsion System
8.7. Thrust Reverser System
9. Aircraft Electrification Market, by Platform
9.1. Introduction
9.2. Advanced Air Mobility
9.3. Fixed Wing
9.4. Rotary Wing
9.5. Unmanned Aerial Vehicles
10. Aircraft Electrification Market, by Application
10.1. Introduction
10.2. Energy Storage
10.3. Power Conversion
10.4. Power Distribution
10.5. Power Generation
11. Americas Aircraft Electrification Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Aircraft Electrification Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Aircraft Electrification Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Acme Aerospace Inc. & Avionic Instruments LLC by Transdigm Group, Inc.
15.1.2. Aegis Power Systems, Inc.
15.1.3. Airbus SE
15.1.4. AMETEK Inc.
15.1.5. Astronics Corporation
15.1.6. BAE Systems PLC
15.1.7. Carlisle Interconnect Technologies
15.1.8. Collins Aerospace by Raytheon Technologies Corporation
15.1.9. Crane Aerospace & Electronics
15.1.10. EaglePicher Technologies
15.1.11. Electromech Technologies
15.1.12. EnerSys
15.1.13. General Electric Company
15.1.14. Hartzell Engine Technologies LLC by Tailwind Technologies Inc.
15.1.15. Honeywell International Inc.
15.1.16. Lockheed Martin Corporation
15.1.17. magniX
15.1.18. Meggitt PLC by Parker-Hannifin Corporation
15.1.19. Nabtesco Corporation
15.1.20. Nidec Corporation
15.1.21. Pioneer Magnetics, Inc.
15.1.22. Rolls-Royce plc
15.1.23. Safran Group
15.1.24. Teledyne Technologies Incorporated
15.1.25. Thales Group
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. AIRCRAFT ELECTRIFICATION MARKET RESEARCH PROCESS
FIGURE 2. AIRCRAFT ELECTRIFICATION MARKET SIZE, 2023 VS 2030