Aircraft Electrification Market 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): Global Opportunity Analysis and Industry Forecast, 2023-2032
Aircraft electrification refers to the method of using electric motors to power the propeller engines of airplanes to reduce air pollution. In aircraft electrification, the engine uses electric power for all non-propulsive systems and focuses on changing existing operations or systems to increase efficiency or reduce engine work by changing the aircraft or operational systems. Batteries, fuel cells, solar cells, electric actuators, electric pumps, generators, motors, power electronics, and distribution devices are the primary components of aircraft electrification.
Batteries are devices that convert chemical energy into electrical energy and are utilized in aircraft. Ground power, emergency power, enhancing DC bus stability, and fault clearing are the applications of aircraft batteries. Technologies used in aircraft electrification include more electric, hybrid electric, and fully electric. Fixed wing, rotary wing, unmanned aerial vehicles (UAVs), and advanced air mobility are further subdivided by platform. In addition, electrification technology is implemented in progressive stages, from more electric to fully electric aircraft. Aircraft electrification is one such change that will lead to a reduction in carbon footprint.
The aircraft electrification market is segmented on the basis of components, technology, application, and region. By component, the market is divided into batteries, fuel cells, electric actuators, generators, motors, power electronics, distribution devices, and others. By technology, the market is classified into more electric, hybrid electric and fully electric. By application, the market is categorized into power generation, power distribution, power conversion, and energy storage. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Netherlands, France, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Europe is the largest producer of aircraft globally. The demand for aircraft electrification is being fueled by the rise in passenger traffic in the region as well as an increase in concerns about passenger safety, carbon emissions, and noise pollution in various government regulatory bodies, including the European Defense Agency (EDA), the European Union Aviation Safety Agency (EASA), the European Air Transport Command, and the UK Civil Aviation Authority (CAA).
Some major companies operating in the aircraft electrification market include Ametek, Astronics Corporation, BAE Systems plc., Honeywell International Inc., Magnix, Meggitt PLC, Collins Aerospace, Rolls Royce Plc, Safran, and Thales Group.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft electrification market analysis from 2022 to 2032 to identify the prevailing aircraft electrification market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aircraft electrification market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aircraft electrification market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ComponentBatteries
Fuel Cells
Electric Actuators
Generators
Motors
Power Electronics
Distribution Devices
Others
By ApplicationPower Generation
Power Distribution
Power Conversion
Energy Storage
By TechnologyMore Electric
Hybrid Electric
Fully Electric
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Ametek.Inc.
Astronics Corporation
BAE Systems
Collins Aerospace
Honeywell International Inc.
MagniX
Meggitt plc
Rolls-Royce plc
Safran S.A.
Thales Group
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