Global Electric and Hybrid Aircraft Propulsion System Market 2024-2028

Global Electric And Hybrid Aircraft Propulsion System Market 2024-2028

The electric and hybrid aircraft propulsion system market is forecasted to grow by USD 12.31 bn during 2023-2028, accelerating at a CAGR of 4.53% during the forecast period. The report on the electric and hybrid aircraft propulsion system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for light and ultralight electric aircraft, performance benefits of electric and hybrid aircraft propulsion systems over conventional power aircraft, and use of advanced techniques for aircraft construction.

Technavio's electric and hybrid aircraft propulsion system market is segmented as below:

By Technology

• Hybrid powertrain
• All-electric powertrain

By End-user

• Military
• Commercial
• civil

By Geography

• Europe
• North America
• APAC
• Middle East and Africa
• South America

This study identifies the increased use of electrical systems in modern aircraft as one of the prime reasons driving the electric and hybrid aircraft propulsion system market growth during the next few years. Also, increasing demand for short-haul range connectivity and sustainable development opportunities for electric and hybrid aircraft propulsion system will lead to sizable demand in the market.

The report on the electric and hybrid aircraft propulsion system market covers the following areas:

• Electric and hybrid aircraft propulsion system market sizing
• Electric and hybrid aircraft propulsion system market forecast
• Electric and hybrid aircraft propulsion system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric and hybrid aircraft propulsion system market vendors that include Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., magniX, MAN Energy Solutions SE, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Safran SA, Siemens AG, Textron Inc., The Boeing Co., and Joby Aviation Inc.. Also, the electric and hybrid aircraft propulsion system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.