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Aircraft Electrification Market

Aircraft Electrification - Global Market Outlook (2018-2027)

4.7 (38 reviews)
Published: May 2020 ID: SMRC19233
4.7 (38 reviews)
Published: May 2020 ID: SMRC19233

This report covers the impact of COVID-19 on this global market

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

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.         

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