Discover trends, market shifts, and competitive outlooks for the aircraft electrification industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Anticipated CAGR of the Aircraft Electrification Market, and What Factors Will Drive It?

The scale of the aircraft electrification market has experienced formidable expansion recently. Predictions show an escalation from $6.34 billion in 2024 to $7.38 billion in 2025, indicating a robust compound annual growth rate (CAGR) of 16.4%. Factors such as increased air travel, enhanced demand for hybrid and electric propulsion aircraft, augmented military expenditure, solid economic growth in emerging markets, and the rise in aviation emissions have contributed to this growth during the historical period.

Over the coming few years, the market size of aircraft electrification is projected to experience significant expansion, reaching $11.85 billion in 2029, with a compound annual growth rate (CAGR) of 12.6%. Factors contributing to this growth during the forecasted period include government backing, an increasing demand for green energy and quieter aircraft, a rise in passenger air travel, intensified efforts to reduce emission, and an escalated demand for new fighter jets in emerging countries. The period will also see key trends such as an emphasis on tech advancements, hybrid electric technology, commitments to research and development, and the formation of strategic partnerships.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theAircraft Electrification Market?

Increasing interest in mitigating carbon emissions is propelling the aircraft electrification market. The term carbon emissions pertains to the total amount of greenhouse gases—mainly carbon dioxide—released by a specific activity, such as a person’s conduct or the production and transport of a product, during a specific timeframe. Carbon emissions can be lowered by altering how actions are performed. Aircraft electrification is a prime example of a change that could significantly decrease carbon emissions. Electrical aircraft, which use electricity instead of fuel, cut the release of harmful gases into the atmosphere and thus lessen the carbon emissions. For example, data from Earth System Science Data (ESSD) Copernicus, a German interdisciplinary journal, in December 2023, predicted a 11.9% rise in international aviation and shipping carbon emissions—which make up 2.8% of global emissions—with aircraft emissions set to rise 28% from 2022, amounting to 1.2 Gt CO2. Consequently, the escalating demand to curtail carbon emissions is set to elevate the aircraft electrification market.

Which Segments in the Aircraft Electrification Offer the Most Growth?

The aircraft electrification market covered in this report is segmented –

1) By Component: Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motor, Power Electronics, Distribution Devices

2) By Technology: Electric, Hybrid Electric, Fully Electric

3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility

Subsegments:

1) By Batteries: Lithium-Ion Batteries, Nickel-Cadmium Batteries, Solid-State Batteries

2) By Fuel Cells: Proton Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC)

3) By Solar Cells: Photovoltaic Solar Panels, Concentrated Solar Power Systems

4) By Electric Actuators: Linear Electric Actuators, Rotary Electric Actuators

5) By Electric Pumps: Hydraulic Electric Pumps, Fuel Electric Pumps

6) By Generators: Electric Generators, Auxiliary Power Units (APUs)

7) By Motor: Brushless DC Motors, Synchronous Motors

8) By Power Electronics: Inverters, Converters

9) By Distribution Devices: Circuit Breakers, Switches And Relays

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What Are the Fastest-Growing Geographies in the #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theAircraft Electrification Market?# Market?

North America was the largest region in the aircraft electrification market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Current Market Growth and Trends in the Aircraft Electrification Industry?

Firms within the aircraft electrification market are prioritizing turbocharger technology and inventing new items to solidify their market place. One of the functionalities of a turbocharger is to compress the engine’s air intake in order to sustain sea-level take-off manifold pressure and full, rated power till the engine hits its critical altitude. Rolls-Royce, a British aero-engine manufacturer, came up with turbogenerator technology in 2022, that involves a newly designed smaller engine meant for hybrid-electric uses. This technology will serve as a scalable power source on board, supplementing the Rolls-Royce Electrical propulsion portfolio, extending the usage of sustainable aviation fuels, and possibly paving the way for feasible hydrogen combustion.

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What Are the Key Elements That Define the Aircraft Electrification Market?

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 employs electric power for all non-propulsive systems and focuses on altering current operations or systems to increase efficiency or to lessen the amount of work the engine must perform through altering the aircraft or operational systems.

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