Electrified Aircraft Propulsion Market to Reach US$ 20 Bn by 2030 Amidst Rising Environmental Concerns

Electrified Aircraft Propulsion Market to Reach US$ 20 Bn by 2030 Amidst Rising Environmental Concerns

The electrified aircraft propulsion market share is expected to reach US$ 6 Bn in 2021 and US$ 20 Bn by 2030, with a CAGR of 14.3% during the projected timeline. The adoption of cleaner and greener aircraft, advancements in sophisticated air mobility, and alternative energy sources are all driving the demand for electrified aircraft propulsion forward.

Attributes Details
Electrified Aircraft Propulsion Market CAGR (2022 – 2032) 14.3%
Electrified Aircraft Propulsion Market (2021) US$ 6 Bn
Electrified Aircraft Propulsion Market (2030) US$ 20 Bn

Owing to the announced lockdowns and government restrictions on public meetings owing to the COVID-19 epidemic, research and development in the electrified aircraft propulsion market have been impeded around the world.

The pandemic has slowed the production of components, including lithium-ion batteries and other power electronics parts. As the globe returns to normalcy, the sales of electrified aircraft propulsion will see a significant rise.

The shortage of replacement parts is hindering continued prototype research and development. Due to the current constraints, companies are unable to test their prepared prototypes, but this is expected to restart once the restrictions on aircraft propulsion are lifted.

With the growing size of the global aircraft fleet and increased airline travel, emission issues are expected to climb even more.

As a result, there is a desire for electrified aircraft, which is likely to aid in the reduction of carbon emissions. Institutions and local authorities such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency have called for viable aircraft fuel alternatives.

Request For A Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14414

Manufacturers strive to change effectiveness by substituting hydraulically operated systems with electric systems in the electrification of aircraft.

The poor energy density of batteries is one of the most significant issues that electric aircraft manufacturers confront when it comes to long-distance flights. The watt-hours per kilogram (Wh/kg) unit of measurement for aircraft propulsion is commonly used.

The current lithium-ion batteries have an energy density of 250 Wh/kg, which is far lower than the 12,000 Wh/kg energy density offered by conventional jet fuel or kerosene. As a result, all-electric long-haul commercial flights are still a long way off, as fossil fuels are 14 times more energy-dense than battery-powered alternatives.

Some of the major factors driving the growth of the global aircraft electrification market are an increase in global government concerns about environmental pollution, stringent rules regarding carbon emissions through airplanes by the aircraft industry to reduce aircraft noise, and low operational costs.

Electric aircraft’s restricted range and capacity, on the other hand, are projected to hinder market expansion. On the other hand, advancements in superior power electronics components and Lithium-ion battery technology are expected to open up the attractive potential for the electrified aircraft propulsion market.

For Critical Insights On This Market, Request To Ask An Expert Here @ https://www.futuremarketinsights.com/ask-question/rep-gb-14414

Key Takeaways

  • With a market dominance of 24.3 percent in 2021, the battery sector is anticipated to drive the electrified aircraft propulsion market over the projected period.
  • According to technology, the hybrid electric aircraft segment of the aircraft electrification market is expected to grow at the fastest rate during the forecast period.
  • From 2021 through 2030, the North American market is expected to contribute the most. The increasing demand for new airplanes in North America is one of the main reasons for the region’s leadership in the electrified aircraft propulsion market.
  • Turbo generators for powering electric motors and batteries, electric actuators, and fly-by-wire are among the latest innovative technologies in the aviation electrification business.

Competitive Landscape

To consolidate their power in the electrified aircraft propulsion market, key players have used a variety of organic and inorganic techniques.

Safran, Thales Group, Raytheon Technologies, and GE Aviation have used a number of strategies to expand their market position, including acquisitions, contracts, new product launches, collaborations, and agreements.

Recent Developments

GE Aviation chose Boeing in February 2022 to assist flying tests of their hybrid-electric propulsion system on a modified Saab 340B aircraft with CT7-9B turboprop engines.

GE Aviation will get airplane modification, system integration, and flight-testing services from Boeing and its affiliate Aurora Flight Sciences.

MagniX and DESAER, a Brazilian aviation business, established cooperation in February 2022 to develop the ATL-100H, a hybrid-electric version of the ATL-100 regional aircraft.

Depending on the range of operation, the ATL-100H is predicted to save 25-40% of gasoline, which is a considerable reduction in carbon emissions. The hybrid-electric aircraft ATL-100H’s revolutionary design is the first step toward DESAER’s goal of developing an all-electric aircraft, addressing the world’s growing recognition of the need to advance sustainable aviation practices.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14414

Key Market Segments

By Component:

  • Batteries
  • Fuel Cells
  • Solar Cells
  • Electric Actuators
  • Electric Pumps
  • Generators
  • Motors
  • Power Electronics
  • Distribution Devices

By Technology:

  • More Electric
  • Hybrid Electric
  • Fully Electric

By Application:

  • Power Generation
  • Power Distribution
  • Power Conversion
  • Power Storage

By Platform:

  • Fixed Wing
  • Rotary Wing
  • Unmanned Aerial Vehicles
  • Advanced Air Mobility

By System:

  • Propulsion System
  • Environmental System
  • Landing Gear System
  • Ice Protection System
  • Flight Control System
  • Thrust Reverser System

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

To be continued…!

Explore FMI’s Trending Reports Coverage on Oil and Gas Domain

Intelligent Pigging Services Market Share: North America market is predicted to hold nearly half of the revenue shares in the intelligent pigging services market by the end of 2029.

Solar Pumps Market Size: The solar pumps market size in 2019 was valued at US$ 1 Bn. During the projected period of 2019-2029, the solar pumps market is expected to advance at a CAGR of 12%.

Oil and Gas Hose Assemblies Market Trends: According to Future Marketing Insights (FMI), the global oil and gas hose assemblies market is forecast to reach US$ 1,763.1 Mn in 2030. The market is projected to grow at a CAGR of 4.3% between 2020 and 2030.

micro inverter market Outlook: The overall micro inverter sales are slated to rise at an impressive CAGR of 9.6% during the forecast period between 2022 and 2032, totaling over US$ 4.36 Bn by the end of 2032.

Medium Voltage Drives Market Demand: The global medium voltage drives market is projected to grow at a moderate CAGR of 3.8%, reaching US$ 2.26 Bn by 2032 from US$ 1.5 Bn in 2021.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.


Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/electrified-aircraft-propulsion-market
For Sales Enquiries: 
[email protected]
Browse latest Market Reports: 
LinkedIn| Twitter| Blogs 

The post Electrified Aircraft Propulsion Market to Reach US$ 20 Bn by 2030 Amidst Rising Environmental Concerns appeared first on Future Market Insights.

Published Wed, 24 Aug 2022 17:13:40 -0500

Comments are closed.