Aircraft Electrification Market
Aircraft Electrification - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Aircraft Electrification Market is accounted for $2.15 billion in 2018 and is expected to reach $6.81 billion by 2027 growing at a CAGR of 13.7% during the forecast period. While the factors like, reduced emission and aircraft noise and low operational costs are propelling the market growth. However, factor such as limited range of electric aircraft is hampering the market growth.
Aircraft electrification technology is installed to allow the development of conventional aircraft operating on conservative fossil fuels into electrically operated aircraft. For the development of commercially viable electric aircraft there has been a quick increase in research activities. The introduction of new electric aircraft in the market are the various advantages of aircraft electrification over other traditional technologies such as noise reduction, reduced carbon emissions, and simpler design for manufacture and maintenance.
Based on the platform, the business & general aviation segment is likely to have a huge demand due to growing aircraft electrification projects for domestic air transport. The increasing focus of leading bodies on the decrease of emissions in household air transport is pouring the market for the business & general segment.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to upgrading different capabilities in the field of aircraft electrification, which offers important potential for the manufacturers of electric components. A rise in command for low-cost carriers is one of the factors pouring growth of the market in the Asia Pacific.
Some of the key players profiled in the Aircraft Electrification Market include Ametek, Astronics Corporation, Avionic Instruments, LLC, BAE Systems, Carlisle Interconnect Technologies, Crane Aerospace & Electronics, Eaglepicher Technologies, LLC, Esterline Technologies (Transdigm Group), GE Aviation, Hartzell Engine Technologies, Honeywell International Inc., Meggitt PLC., Nabtesco Corporation, PBS Aerospace, Pioneer Magnetics, Radiant Power Corporation, Raytheon Company, Safran, Thales Group and United Technologies Corporation.
Systems Covered:
• Aircraft Systems
• Propulsion Systems
Components Covered:
• Batteries
• Distribution Devices
• Electric Actuators
• Electric Pumps
• Fuel Cells
• Generators
• Motors
• Power Electronics
• Solar Cells
Platforms Covered:
• Commercial Aviation
• Business & General Aviation
• Military Aviation
Technologies Covered:
• More Electric
• Fully Electric
• Hybrid Electric
Applications Covered:
• Energy Storage
• Power Conversion
• Power Distribution
• Power Generation
End Users Covered:
• Business Use
• Military Use
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aircraft Electrification Market, By System
5.1 Introduction
5.2 Aircraft Systems
5.3 Propulsion Systems
6 Global Aircraft Electrification Market, By Component
6.1 Introduction
6.2 Batteries
6.2.1 Lead-Acid-Based
6.2.2 Lithium-Based
6.2.3 Nickel-Based
6.3 Distribution Devices
6.4 Electric Actuators
6.5 Electric Pumps
6.6 Fuel Cells
6.7 Generators
6.8 Motors
6.9 Power Electronics
6.10 Solar Cells
7 Global Aircraft Electrification Market, By Platform
7.1 Introduction
7.2 Commercial Aviation
7.2.1 Narrow Body Aircraft
7.2.2 Regional Transport Aircraft
7.2.3 Wide Body Aircraft
7.3 Business & General Aviation
7.3.1 Business Jets
7.3.2 Helicopters
7.3.3 Light Aircraft
7.3.4 Passenger Aerial Vehicles (PAVs)
7.4 Military Aviation
7.4.1 Unmanned Aerial Vehicles
7.4.2 Multi-mission Aircraft
7.4.3 Fighter Jets
8 Global Aircraft Electrification Market, By Technology
8.1 Introduction
8.2 More Electric
8.3 Fully Electric
8.4 Hybrid Electric
8.4.1 Battery Powered
8.4.2 Fuel Cell Powered
8.4.3 Solar Powered
9 Global Aircraft Electrification Market, By Application
9.1 Introduction
9.2 Energy Storage
9.3 Power Conversion
9.4 Power Distribution
9.5 Power Generation
10 Global Aircraft Electrification Market, By End User
10.1 Introduction
10.2 Business Use
10.3 Military Use
11 Global Aircraft Electrification Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Ametek
13.2 Astronics Corporation
13.3 Avionic Instruments, LLC
13.4 BAE Systems
13.5 Carlisle Interconnect Technologies
13.6 Crane Aerospace & Electronics
13.7 Eaglepicher Technologies, LLC
13.8 Esterline Technologies (Transdigm Group)
13.9 GE Aviation
13.10 Hartzell Engine Technologies
13.11 Honeywell International Inc.
13.12 Meggitt PLC.
13.13 Nabtesco Corporation
13.14 PBS Aerospace
13.15 Pioneer Magnetics
13.16 Radiant Power Corporation
13.17 Raytheon Company
13.18 Safran
13.19 Thales Group
13.20 United Technologies Corporation
List of Tables
1 Global Aircraft Electrification Market Outlook, By Region (2017-2027) ($MN)
2 Global Aircraft Electrification Market Outlook, By System (2017-2027) ($MN)
3 Global Aircraft Electrification Market Outlook, By Aircraft Systems (2017-2027) ($MN)
4 Global Aircraft Electrification Market Outlook, By Propulsion Systems (2017-2027) ($MN)
5 Global Aircraft Electrification Market Outlook, By Component (2017-2027) ($MN)
6 Global Aircraft Electrification Market Outlook, By Batteries (2017-2027) ($MN)
7 Global Aircraft Electrification Market Outlook, By Lead-Acid-Based (2017-2027) ($MN)
8 Global Aircraft Electrification Market Outlook, By Lithium-Based (2017-2027) ($MN)
9 Global Aircraft Electrification Market Outlook, By Nickel-Based (2017-2027) ($MN)
10 Global Aircraft Electrification Market Outlook, By Distribution Devices (2017-2027) ($MN)
11 Global Aircraft Electrification Market Outlook, By Electric Actuators (2017-2027) ($MN)
12 Global Aircraft Electrification Market Outlook, By Electric Pumps (2017-2027) ($MN)
13 Global Aircraft Electrification Market Outlook, By Fuel Cells (2017-2027) ($MN)
14 Global Aircraft Electrification Market Outlook, By Generators (2017-2027) ($MN)
15 Global Aircraft Electrification Market Outlook, By Motors (2017-2027) ($MN)
16 Global Aircraft Electrification Market Outlook, By Power Electronics (2017-2027) ($MN)
17 Global Aircraft Electrification Market Outlook, By Solar Cells (2017-2027) ($MN)
18 Global Aircraft Electrification Market Outlook, By Platform (2017-2027) ($MN)
19 Global Aircraft Electrification Market Outlook, By Commercial Aviation (2017-2027) ($MN)
20 Global Aircraft Electrification Market Outlook, By Narrow Body Aircraft (2017-2027) ($MN)
21 Global Aircraft Electrification Market Outlook, By Regional Transport Aircraft (2017-2027) ($MN)
22 Global Aircraft Electrification Market Outlook, By Wide Body Aircraft (2017-2027) ($MN)
23 Global Aircraft Electrification Market Outlook, By Business & General Aviation (2017-2027) ($MN)
24 Global Aircraft Electrification Market Outlook, By Business Jets (2017-2027) ($MN)
25 Global Aircraft Electrification Market Outlook, By Helicopters (2017-2027) ($MN)
26 Global Aircraft Electrification Market Outlook, By Light Aircraft (2017-2027) ($MN)
27 Global Aircraft Electrification Market Outlook, By Passenger Aerial Vehicles (PAVs) (2017-2027) ($MN)
28 Global Aircraft Electrification Market Outlook, By Military Aviation (2017-2027) ($MN)
29 Global Aircraft Electrification Market Outlook, By Unmanned Aerial Vehicles (2017-2027) ($MN)
30 Global Aircraft Electrification Market Outlook, By Multi-mission Aircraft (2017-2027) ($MN)
31 Global Aircraft Electrification Market Outlook, By Fighter Jets (2017-2027) ($MN)
32 Global Aircraft Electrification Market Outlook, By Technology (2017-2027) ($MN)
33 Global Aircraft Electrification Market Outlook, By More Electric (2017-2027) ($MN)
34 Global Aircraft Electrification Market Outlook, By Fully Electric (2017-2027) ($MN)
35 Global Aircraft Electrification Market Outlook, By Hybrid Electric (2017-2027) ($MN)
36 Global Aircraft Electrification Market Outlook, By Battery Powered (2017-2027) ($MN)
37 Global Aircraft Electrification Market Outlook, By Fuel Cell Powered (2017-2027) ($MN)
38 Global Aircraft Electrification Market Outlook, By Solar Powered (2017-2027) ($MN)
39 Global Aircraft Electrification Market Outlook, By Application (2017-2027) ($MN)
40 Global Aircraft Electrification Market Outlook, By Energy Storage (2017-2027) ($MN)
41 Global Aircraft Electrification Market Outlook, By Power Conversion (2017-2027) ($MN)
42 Global Aircraft Electrification Market Outlook, By Power Distribution (2017-2027) ($MN)
43 Global Aircraft Electrification Market Outlook, By Power Generation (2017-2027) ($MN)
44 Global Aircraft Electrification Market Outlook, By End User (2017-2027) ($MN)
45 Global Aircraft Electrification Market Outlook, By Business Use (2017-2027) ($MN)
46 Global Aircraft Electrification Market Outlook, By Military Use (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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