The global aircraft electrification market is expected to see significant growth over the next few years as the need to reduce carbon emissions and control environmental pollution increases. Increasing initiatives to reduce dependence on oil will increase the demand for electrification of aircraft. Electric aircraft are driven by electric motors driven by propellers that generate propulsion. There is a distributed drive system. Electricity can be supplied to aircraft through batteries, solar cells, fuel cells, and ground power cables. The first manned electric aircraft flew only 14 minutes in 1973. Since then, major research has been conducted in this area, and experts are considering electric planes as the future of aviation.
Key Market Players
The key market players in the aircraft electrification market are Honeywell International Inc. (US), Safran (France), Thales Group (France), United Technologies Corporation (US), GE Aviation (US), Raytheon Company (US), AMETEK (US), Meggitt PLC (UK), BAE Systems (UK), Radiant Power Corporation (US).
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A full report of Global Aircraft Electrification Market is available at: https://www.orionmarketreports.com/aircraft-electrification-market/46798/
The following Segmentation are covered in this report:
On the basis of Technology
- More Electric
- Hybrid Electric (Solar Powered, Battery Powered, Fuel Cell Powered)
- Fully Electric
On the basis of Application
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
On the basis of System
- Propulsion Systems
- Aircraft Systems
On the basis of Component
- Batteries
- Fuel Cells
- Solar Cells
- Electric Actuators
- Electric Pumps
The report covers the following objectives:
- Proliferation and maturation of trade in the global Aircraft Electrification Market.
- The market share of the global Aircraft Electrification Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Aircraft Electrification Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Aircraft Electrification Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
