Global Aircraft Electrification
Market Report
2025
Aircraft electrification market size is USD 20.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global aircraft electrification market size is USD 20.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Aircraft Electrification Market Sales Revenue | $ 20 Billion | 121212 | 121212 | 121212 | 14.3% |
North America Aircraft Electrification Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 13.8% |
Europe Aircraft Electrification Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 14.6% |
Asia Pacific Aircraft Electrification Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 16.8% |
South America Aircraft Electrification Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 14.8% |
Middle East Aircraft Electrification Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 14.09% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Component |
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Market Split by Technology |
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Market Split by Application |
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Market Split by Platform |
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Market Split by System |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Aircraft Electrification Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aircraft electrification refers to the switching from using fuel to using electricity to power various systems on board an airplane. An increase in aircraft range, decrease in pollution, and fuel efficiency are only a few of the possible advantages of the technique. For the time being, the market for electrifying airplanes is expanding. Innovation, production, and distribution of electrification-related systems and components for airplanes make up the market. Cleaner, more efficient, and less expensive air travel is the final goal of electrifying aircraft. There is a growing need for the airline sector to lessen its impact on the environment. A possible technology that might assist the aviation sector in reducing pollution is the electrification of airplanes, which includes batteries for propulsion systems and battery storage systems. Aviation authorities around the world have enforced emission requirements and strict environmental rules, which are driving forces. The ever-changing standards set by regulators are driving the aviation industry to adopt cleaner technologies.
Increasing awareness about the environment - The primary driver propelling the airplane electrification industry is the growing concern for environmental sustainability. A growing number of aircraft are switching to electric power systems as part of a worldwide effort to reduce aviation emissions and combat climate change. Strict environmental restrictions and pollution limits are easily met by electrification, which is a cleaner and more eco-friendly alternative to traditional flying. One important step towards lowering emissions is the electrification of airplanes. Air travel's future sustainability is being propelled forward by this unwavering dedication to environmental responsibility, which is driving innovation and investment in the industry. The rising need for renewable energy sources and advancements in lithium-ion batteries are driving market expansion.
The high capital requirements, temperature, and voltage difficulties with aircraft electrical systems hinder market growth. Lack of awareness also hampers market growth.
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In April 2024, HD Hyundai Heavy Industries (HD HHI) and GE Aerospace have inked a Memorandum of Understanding (MOU) to investigate potential joint projects, including marine propulsion systems, for future projects involving the International Navy.
Top Companies Market Share in Aircraft Electrification Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the aircraft electrification market because a greater number of aircraft manufacturers are looking to create more electric planes. Additionally, more crucial players would further propel the electric aircraft market.
Asia-Pacific stands out as the fastest-growing region in the aircraft electrification market because the increasing air traffic in the region is driving the need to upgrade and modernize the region's aircraft infrastructure.
The current report Scope analyzes Aircraft Electrification Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Aircraft Electrification Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aircraft Electrification Industry growth. Aircraft Electrification market has been segmented with the help of its Component, Technology Application, and others. Aircraft Electrification market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Aircraft Electrification market is typically segmented by Component, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Component allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Component of Aircraft Electrification analyzed in this report are as follows:
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According to cognitive market research, Hybrid Electric aircraft are the dominant category. A combination of hybrid and electric aircraft can travel further and carry more weight than a purely electric aircraft. Compared to traditional planes, hybrid electric aircraft help cut down on pollution, noise, and fuel requirements. For these reasons, hybrid electric aircraft are in high demand.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aircraft Electrification Market is witnessing significant growth in the near future.
In 2023, the Batteries segment accounted for noticeable share of global Aircraft Electrification Market and is projected to experience significant growth in the near future.
The More Electric segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Honeywell International Inc. (US) , Thales Group (France) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motors, Power Electronics, Distribution Devices |
Technology | More Electric, Hybrid Electric, Fully Electric |
Application | Power Generation, Power Distribution, Power Conversion, Energy Storage |
Platform | Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility |
System | Propulsion System, Environmental Control System, Landing Gear System, Ice Protection System, Flight Control System, Thrust Reverser System |
List of Competitors | Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US) |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review Global Aircraft Electrification Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review North America Aircraft Electrification Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review Europe Aircraft Electrification Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review Asia Pacific Aircraft Electrification Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review South America Aircraft Electrification Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review Middle East Aircraft Electrification Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Aircraft Electrification. Further deep in this chapter, you will be able to review Middle East Aircraft Electrification Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Aircraft Electrification. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
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Chapter 13 Market Split by Platform Analysis 2021 - 2033
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Chapter 14 Market Split by System Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Electrification market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Batteries have a significant impact on Aircraft Electrification market? |
What are the key factors affecting the Batteries and Fuel Cells of Aircraft Electrification Market? |
What is the CAGR/Growth Rate of More Electric during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Electrification Market? |
Which region is expected to dominate the global Aircraft Electrification Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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