$20 Billion Aircraft Electrification Markets: Commercial, Military, Business & General Aviation, UAV, AAM
Global Aircraft Electrification Market
Dublin, May 05, 2022 (GLOBE NEWSWIRE) — The “Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The market for aircraft electrification is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 20.0 billion by 2030, at a CAGR of 14.3%
The growth of this market is mainly driven by increase in adoption of cleaner and greener aircraft, developments in advanced air mobility and alternative sources of energy.
The aircraft electrification market is dominated by a few globally established players such as Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US).
These players have spread their business across various countries including North