Electrified Aircraft Propulsion Market
Electrified Aircraft Propulsion Market Forecasts to 2030 - Global Analysis By Aircraft Type (Urban Air Mobility (UAM), Regional Aircraft, Commercial Aircraft, Cargo Aircraft, General Aviation Aircraft, Military Aircraft and Other Aircraft Types), Propulsion Type, Component, Power Source, End User and By Geography
According to Stratistics MRC, the Global Electrified Aircraft Propulsion Market is accounted for $8.02 billion in 2024 and is expected to reach $19.74 billion by 2030 growing at a CAGR of 16.2% during the forecast period. Electrified aircraft propulsion refers to the integration of electric or hybrid-electric power systems in aircraft to replace or supplement conventional gas-powered engines. This technology involves using electric motors, batteries, or fuel cells to drive the aircraft's propellers or fans, aiming to reduce fuel consumption, emissions, and operational costs. EAP is seen as a key solution for advancing sustainable aviation, particularly for short-to-medium-haul flights.
According to the International Energy Agency (IEA), global flights produced around 720 million tons of carbon dioxide in 2021. The global aviation industry produces over 2% of all the CO2 emissions induced by humans.
Market Dynamics:
Driver:
Increased urban air mobility
UAM solutions aim to address urban congestion and provide efficient, sustainable air transportation, relying heavily on electric propulsion for short-haul flights. The rise of eVTOL aircraft, which utilize EAP systems for noise reduction, lower emissions, and reduced operating costs, accelerates innovation and investment in electric propulsion technologies. As UAM expands globally, the demand for advanced electric propulsion systems grows, propelling the market by offering a cleaner, faster, and more efficient alternative to traditional transportation.
Restraint:
Infrastructure challenges
Infrastructure challenges in electrified aircraft propulsion arise from the lack of widespread charging stations, maintenance facilities, and support systems required for electric aircraft. The absence of a robust infrastructure network also delays the deployment of electric aircraft in mainstream aviation, restricting their range, frequency of use, and integration into existing aviation ecosystems. This hampers market growth by limiting operational feasibility, particularly for commercial applications and large-scale adoption.
Opportunity:
Growing consumer awareness on sustainable travel options
As travellers increasingly prioritize eco-friendly travel alternatives, airlines and aviation companies are under pressure to reduce their carbon footprint. This shift in consumer behaviour has led to heightened interest in electric aircraft, as they offer a cleaner, greener alternative to traditional fuel-powered planes. The increasing public demand for sustainability encourages investments in electric propulsion technologies and pushes governments to implement regulations and incentives, thus propelling the growth of the EAP market as part of the broader green aviation movement.
Threat:
High development costs
High development costs in electrified aircraft propulsion arise from the complex nature of designing and testing electric propulsion systems, including electric motors, batteries, and energy storage solutions. The need for extensive research, certification, and infrastructure development also adds to the cost. Airlines and manufacturers may hesitate to commit to these technologies without a clear return on investment. These high expenses hinder market growth by limiting investment from smaller companies and slowing adoption.
Covid-19 Impact
The covid-19 pandemic temporarily slowed the growth of the electrified aircraft propulsion market due to disruptions in research, development, and manufacturing activities. Travel restrictions, reduced aviation demand, and financial uncertainties delayed investment in new technologies. However, the pandemic also heightened focus on sustainability and environmental recovery, renewing interest in green aviation solutions. Post-pandemic, the market is expected to rebound as governments and industries prioritize clean energy technologies, supporting the long-term growth of EAP innovations.
The commercial aircraft segment is expected to be the largest during the forecast period
The commercial aircraft segment is predicted to secure the largest market share throughout the forecast period. EAP in commercial aircraft focuses on replacing or supplementing traditional jet engines with electric motors or hybrid-electric systems. This shift aims to reduce fuel consumption, lower emissions, and enhance operational efficiency. EAP technology is particularly suitable for short- to medium-haul flights, offering sustainable, cost-effective solutions for the aviation industry.
The supercapacitors segment is expected to have the highest CAGR during the forecast period
The supercapacitors segment is anticipated to witness the highest CAGR during the forecast period. Supercapacitors are emerging as a potential power source in electrified aircraft propulsion due to their ability to deliver high power output quickly and efficiently. They also have a longer lifespan and higher cycle stability. Integrating supercapacitors with batteries or hybrid systems can enhance the overall performance and efficiency of electric aircraft, driving advancements in sustainable aviation technology.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period due to increasing government support for sustainable aviation, rising environmental concerns, and rapid advancements in electric aircraft technology. Key players in the Asia-Pacific EAP market include Boeing, Rolls-Royce, Mitsubishi Electric, and Hyundai Motor Group. The region also benefits from strong aerospace manufacturing capabilities and partnerships. Further, technological advancements and government initiatives supporting green aviation solutions accelerates the market growth.
Region with highest CAGR:
North America is expected to witness the highest CAGR over the forecast period driven by strong governmental support for sustainable aviation, significant investments in green technologies, and the increasing focus on reducing carbon emissions. Major players in the region include Boeing, GE Aviation, Honeywell, and Rolls-Royce. The region is witnessing the growing demand for electric vertical take-off and landing (eVTOL) aircraft. North America’s market growth is fueled by innovation, funding, and a push for cleaner aviation solutions.
Key players in the market
Some of the key players profiled in the Electrified Aircraft Propulsion Market include Rolls-Royce, Boeing, Airbus, Safran, General Electric (GE), Honeywell International, magniX, Vertical Aerospace, Lilium, Pipistrel, Zunum Aero, Ampaire, Ampyx Power, Quantum Systems, Hartzell Propeller, Terrafugia, Stralis Aircraft, Electra.aero, SkyDrive and Heart Aerospace.
Key Developments:
In December, 2024, Stralis Aircraft completed a successful hydrogen-electric propeller spin test at Brisbane Airport. This test utilized fuel cells and gaseous hydrogen, emitting only water vapor, marking a significant step toward emission-free aviation.
In November 2024, Heart Aerospace announced plans to conduct the first experimental flight of its X1 demonstrator in 2025. This aircraft is designed to validate the company's electric propulsion technology and is similar in size to the upcoming 30-passenger ES-30 commercial aircraft.
Aircraft Types Covered:
• Urban Air Mobility (UAM)
• Regional Aircraft
• Commercial Aircraft
• Cargo Aircraft
• General Aviation Aircraft
• Military Aircraft
• Other Aircraft Types
Propulsion Types Covered:
• Fully Electric Propulsion
• Hybrid Electric Propulsion
• Fuel Cell Electric Propulsion
• Turboelectric Propulsion
• Other Propulsion Types
Components Covered:
• Electric Motors
• Propellers
• Inverters
• Power Electronics
• Energy Storage Systems
• Power Management Systems
• Electric Distribution Systems
• Other Components
Power Sources Covered:
• Batteries
• Fuel Cells
• Supercapacitors
• Other Power Sources
End Users Covered:
• Aircraft Manufacturers
• Aviation Operators
• Government and Defense Contractors
• Other End Users
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 2022, 2023, 2024, 2026, and 2030
- 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
o 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 End User Analysis
3.7 Emerging Markets
3.8 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 Electrified Aircraft Propulsion Market, By Aircraft Type
5.1 Introduction
5.2 Urban Air Mobility (UAM)
5.3 Regional Aircraft
5.4 Commercial Aircraft
5.5 Cargo Aircraft
5.6 General Aviation Aircraft
5.7 Military Aircraft
5.8 Other Aircraft Types
6 Global Electrified Aircraft Propulsion Market, By Propulsion Type
6.1 Introduction
6.2 Fully Electric Propulsion
6.3 Hybrid Electric Propulsion
6.4 Fuel Cell Electric Propulsion
6.5 Turboelectric Propulsion
6.6 Other Propulsion Types
7 Global Electrified Aircraft Propulsion Market, By Component
7.1 Introduction
7.2 Electric Motors
7.3 Propellers
7.4 Inverters
7.5 Power Electronics
7.6 Energy Storage Systems
7.7 Power Management Systems
7.8 Electric Distribution Systems
7.9 Other Components
8 Global Electrified Aircraft Propulsion Market, By Power Source
8.1 Introduction
8.2 Batteries
8.3 Fuel Cells
8.4 Supercapacitors
8.5 Other Power Sources
9 Global Electrified Aircraft Propulsion Market, By End User
9.1 Introduction
9.2 Aircraft Manufacturers
9.3 Aviation Operators
9.4 Government and Defense Contractors
9.5 Other End Users
10 Global Electrified Aircraft Propulsion Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Rolls-Royce
12.2 Boeing
12.3 Airbus
12.4 Safran
12.5 General Electric (GE)
12.6 Honeywell International
12.7 magniX
12.8 Vertical Aerospace
12.9 Lilium
12.10 Pipistrel
12.11 Zunum Aero
12.12 Ampaire
12.13 Ampyx Power
12.14 Quantum Systems
12.15 Hartzell Propeller
12.16 Terrafugia
12.17 Stralis Aircraft
12.18 Electra.aero
12.19 SkyDrive
12.20 Heart Aerospace
List of Tables
1 Global Electrified Aircraft Propulsion Market Outlook, By Region (2022-2030) ($MN)
2 Global Electrified Aircraft Propulsion Market Outlook, By Aircraft Type (2022-2030) ($MN)
3 Global Electrified Aircraft Propulsion Market Outlook, By Urban Air Mobility (UAM) (2022-2030) ($MN)
4 Global Electrified Aircraft Propulsion Market Outlook, By Regional Aircraft (2022-2030) ($MN)
5 Global Electrified Aircraft Propulsion Market Outlook, By Commercial Aircraft (2022-2030) ($MN)
6 Global Electrified Aircraft Propulsion Market Outlook, By Cargo Aircraft (2022-2030) ($MN)
7 Global Electrified Aircraft Propulsion Market Outlook, By General Aviation Aircraft (2022-2030) ($MN)
8 Global Electrified Aircraft Propulsion Market Outlook, By Military Aircraft (2022-2030) ($MN)
9 Global Electrified Aircraft Propulsion Market Outlook, By Other Aircraft Types (2022-2030) ($MN)
10 Global Electrified Aircraft Propulsion Market Outlook, By Propulsion Type (2022-2030) ($MN)
11 Global Electrified Aircraft Propulsion Market Outlook, By Fully Electric Propulsion (2022-2030) ($MN)
12 Global Electrified Aircraft Propulsion Market Outlook, By Hybrid Electric Propulsion (2022-2030) ($MN)
13 Global Electrified Aircraft Propulsion Market Outlook, By Fuel Cell Electric Propulsion (2022-2030) ($MN)
14 Global Electrified Aircraft Propulsion Market Outlook, By Turboelectric Propulsion (2022-2030) ($MN)
15 Global Electrified Aircraft Propulsion Market Outlook, By Other Propulsion Types (2022-2030) ($MN)
16 Global Electrified Aircraft Propulsion Market Outlook, By Component (2022-2030) ($MN)
17 Global Electrified Aircraft Propulsion Market Outlook, By Electric Motors (2022-2030) ($MN)
18 Global Electrified Aircraft Propulsion Market Outlook, By Propellers (2022-2030) ($MN)
19 Global Electrified Aircraft Propulsion Market Outlook, By Inverters (2022-2030) ($MN)
20 Global Electrified Aircraft Propulsion Market Outlook, By Power Electronics (2022-2030) ($MN)
21 Global Electrified Aircraft Propulsion Market Outlook, By Energy Storage Systems (2022-2030) ($MN)
22 Global Electrified Aircraft Propulsion Market Outlook, By Power Management Systems (2022-2030) ($MN)
23 Global Electrified Aircraft Propulsion Market Outlook, By Electric Distribution Systems (2022-2030) ($MN)
24 Global Electrified Aircraft Propulsion Market Outlook, By Other Components (2022-2030) ($MN)
25 Global Electrified Aircraft Propulsion Market Outlook, By Power Source (2022-2030) ($MN)
26 Global Electrified Aircraft Propulsion Market Outlook, By Batteries (2022-2030) ($MN)
27 Global Electrified Aircraft Propulsion Market Outlook, By Fuel Cells (2022-2030) ($MN)
28 Global Electrified Aircraft Propulsion Market Outlook, By Supercapacitors (2022-2030) ($MN)
29 Global Electrified Aircraft Propulsion Market Outlook, By Other Power Sources (2022-2030) ($MN)
30 Global Electrified Aircraft Propulsion Market Outlook, By End User (2022-2030) ($MN)
31 Global Electrified Aircraft Propulsion Market Outlook, By Aircraft Manufacturers (2022-2030) ($MN)
32 Global Electrified Aircraft Propulsion Market Outlook, By Aviation Operators (2022-2030) ($MN)
33 Global Electrified Aircraft Propulsion Market Outlook, By Government and Defense Contractors (2022-2030) ($MN)
34 Global Electrified Aircraft Propulsion Market Outlook, By Other End Users (2022-2030) ($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.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
