Aircraft electrification refers to the use of electrical systems and components in aircraft to replace traditional mechanical and hydraulic systems. The aircraft electrification market is expected to grow significantly in the coming years due to the increasing demand for fuel-efficient and environmentally friendly aircraft. The global aircraft electrification market size was USD 8.87 Billion in 2022 and is expected to register a revenue CAGR of 14.3 % during the forecast period, according to latest analysis by Emergen Research.

One of the major drivers of the aircraft electrification market is the increasing demand for fuel-efficient aircraft. The use of electrical systems and components in aircraft can significantly reduce fuel consumption and emissions, leading to cost savings and environmental benefits. The growing concern for climate change and environmental pollution is driving the demand for more sustainable aircraft solutions.

Another driver of the aircraft electrification market is the increasing demand for lighter and more efficient aircraft components. Electrical systems and components are typically lighter and more efficient than traditional mechanical and hydraulic systems, leading to weight savings and improved performance. The demand for lightweight aircraft components is driven by the need to improve aircraft fuel efficiency and reduce operating costs.

According to the International Energy Agency, the aviation sector is responsible for around 2.5% of global carbon dioxide emissions. The agency notes that the adoption of more sustainable aircraft solutions such as electrification and biofuels is essential to reduce the environmental impact of the aviation sector.

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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Competitive Outlook: The leading companies operating in the Aircraft Electrification market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Aircraft Electrification Market and Profiled in the Report are:

Honeywell International Inc., Rolls-Royce Holdings plc, GE Aerospace, BAE Systems plc, Eaton Corporation, Raytheon Technologies Corporation, ST Microelectronics NV, Thales Group, Meggitt PLC, Crane Co., Cobham Limited, Safran SA, Teledyne Technologies Incorporated, Nidec Corporation, Calnetix Technologies, LLC., Lufthansa Group, Diehl Stiftung & Co. KG and others

Objectives of the Report:

Study of the global Aircraft Electrification market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Aircraft Electrification market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Aircraft Electrification market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Aircraft Electrification market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Aircraft Type Outlook (Revenue, USD Billion; 2019-2032)

  • Fixed Wing
    1. Commercial Aircraft
    2. Business Aircraft
    3. Regional Jets
    4. General Aviation
    5. Military Aircraft
    6. Fixed-Wing UAVs
  • Rotary-Wing
    1. Military Helicopter
    2. Civil Helicopter
    3. Rotary Wing UAVs

• Technology Outlook (Revenue, USD Billion; 2019-2032)

  • Conventional
  • Hybrid Electric
  • Fully Electric

• Component Outlook (Revenue, USD Billion; 2019-2032)

  • Integrated Circuits (ICs)
  • Microprocessors and Microcontrollers
  • Sensors
  • Actuators
  • Batteries
  • Wiring and Connectors
  • Communication Systems
  • Generators
  • Transformers
  • Inverters
  • Others

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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