Aircraft Electrification Market Revenue Growth, Key Companies Analysis & Regional Outlook
Scope of The Report
The study categorizes the aircraft electrification based on component, technology, a
pplication, platform, system, and region.
• More Electric
• Hybrid Electric
• Fully Electric
• Fuel Cells
• Solar Cells
• Electric Actuators
• Electric Pumps
• Power Electronics
• Distribution Devices
• Power Generation
• Power Distribution
• Power Conversion
• Energy Storage
COVID-19 Impact on the Aircraft Electrification Market
• The aircraft electrification market includes major players like Honeywell Intern
ational Inc. (US), Safran (France), Thales Group (France), Raytheon Technol
ogies (US), GE Aviation (US). These players have spread their business acro
ss various countries including North America, Europe, Asia Pacific, Middle Ea
st, Africa, and Latin America. COVID-19 has impacted their businesses as we
ll. Industry experts believe that COVID-19 could affect aircraft electrification p
roduction and services by 7–10% globally in 2020.
• The COVID-19 pandemic has impacted the end-use industries adversely, res
ulting in a sudden dip in 2020 aircraft orders and deliveries. This is expected t
o negatively impact the aircraft market in the short term, with slow recovery e
xpected in Q1 of 2021.
The North American market is projected to contribute the largest share fro
m 2021 to 2030
The growth of this market is mainly driven by increase in adoption o
f cleaner and greener aircraft, developments in advanced air mobilit
y and alternative sources of energy.
Browse 221 market data Tables and 50 Figures spread through 268
Pages and in-depth TOC on "Aircraft Electrification Market - Foreca
st to 2030"
Lithium-sulfur and lithium titanate batteries are fueling the battery seg
ment which is projected to be the largest in the aircraft electrification
market during the forecast period.
The global aircraft electrification market is