Market Overview:
The global electric and hybrid aircraft propulsion system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly aircraft propulsion systems. Additionally, the increasing adoption of all-electric powertrain in civil and military aircraft is also propelling the growth of this market. However, high initial cost associated with electric and hybrid aircraft propulsion systems may restrain the growth of this market during the forecast period. On basis of type, hybrid powertrain segment is expected to hold major share in global electric and hybrid aircraft propulsion system market during forecast period owing to its advantages such as improved fuel efficiency as compared to all-electric powertrain. On basis of application, civil aviation segment is anticipated to witness highest CAGR over next decade due rising demand for air travel across globe coupled with stringent emission norms by regulatory authorities across different regions.
Product Definition:
Electric and Hybrid Aircraft Propulsion System is a system that uses electric or hybrid power to drive an aircraft. Electric and Hybrid Aircraft Propulsion System are important because they are more fuel efficient than traditional propulsion systems, and they produce less emissions.
Hybrid Powertrain:
Hybrid powertrain is a combination of two or more technologies that are used to generate power for vehicle propulsion. Hybrid electric vehicles (HEV) combine the benefits of both conventional fuel-driven cars and electric cars, thus providing an improved driving experience with lower emissions at reduced costs. The hybrid electric aircraft propulsion system market is expected to witness significant growth over the forecast period owing to increasing demand for clean energy in aerospace applications.
All-Electric Powertrain:
All-electric powertrain is a propulsion system that uses electricity as its source of energy. It consists of electric motors or traction batteries that provide the necessary mechanical force to propel the aircraft. The all-electric powertrain eliminates the need for conventional fuel, hence it reduces overall weight and increases efficiency by eliminating harmful emissions at flight altitude.
Application Insights:
The civil aircraft application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth owing to rising demand from major airlines including Lufthansa, Air France, and Singapore Airlines. These carriers are increasingly seeking to replace traditional engines with electric motors due to environmental concerns and fuel cost savings.
The military aircraft application segment is projected register a CAGR of XX% from 2018 to 2030 owingto increasing defense expenditure by countries such as China, Japan, South Korea and India on account of increasing geopolitical tension between various countries. Hybrid Electric Aircraft Propulsion (HEAP) systems offer enhanced reliability at reduced costs which makes them an ideal solution in military applications compared to conventional jet engines which have a higher failure rate during take-off and landing operations resulting in high maintenance costs for governments across the world especially those that operate large fleets such as the U.S.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing demand from U.S., Canada, and Mexico. In addition, presence of key aircraft manufacturers such as Boeing Co.; Lockheed Martin Corporation; and Airbus S.A.-N.V.
Europe has been one of the most attractive regions on account of growing environmental regulations that have forced manufacturers operating within Europe including Airbus S A.-N V.
Growth Factors:
- Increasing demand for electric and hybrid aircraft propulsion system from the commercial aviation sector as a result of stringent emission norms by regulatory authorities across the globe.
- Proliferation of electric and hybrid aircraft propulsion system in regional commuter airlines to reduce operating costs and improve fuel efficiency.
- Development of more efficient and lighter weight electric motors, generators, and batteries that can be used in electric and hybrid aircraft propulsion systems.
- Growing popularity of unmanned aerial vehicles (UAVs) or drones that are powered by electric or hybrid aircraft propulsion systems for various civilian applications such as surveillance, mapping, agriculture, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric and Hybrid Aircraft Propulsion System Market Research Report
By Type
Hybrid Powertrain, All-Electric Powertrain
By Application
Civil Aircraft, Military Aircraft
By Companies
GE Aviation, Siemens, Safran, Electravia, Elektra Solar GmbH, Pipistrel, Rolls-Royce
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric and Hybrid Aircraft Propulsion System Market Report Segments:
The global Electric and Hybrid Aircraft Propulsion System market is segmented on the basis of:
Types
Hybrid Powertrain, All-Electric Powertrain
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Aviation
- Siemens
- Safran
- Electravia
- Elektra Solar GmbH
- Pipistrel
- Rolls-Royce
Highlights of The Electric and Hybrid Aircraft Propulsion System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid Powertrain
- All-Electric Powertrain
- By Application:
- Civil Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric and Hybrid Aircraft Propulsion System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric and hybrid aircraft propulsion systems are designed to provide more efficient and environmentally friendly flight. Electric motors use electricity to power the propeller, while hybrid systems combine an electric motor with a traditional gas or diesel engine. These systems reduce fuel consumption and emissions, making them a more sustainable option for aviation.
Some of the major companies in the electric and hybrid aircraft propulsion system market are GE Aviation, Siemens, Safran, Electravia, Elektra Solar GmbH, Pipistrel, Rolls-Royce.
The electric and hybrid aircraft propulsion system market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric and Hybrid Aircraft Propulsion System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric and Hybrid Aircraft Propulsion System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric and Hybrid Aircraft Propulsion System Market - Supply Chain
4.5. Global Electric and Hybrid Aircraft Propulsion System Market Forecast
4.5.1. Electric and Hybrid Aircraft Propulsion System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric and Hybrid Aircraft Propulsion System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric and Hybrid Aircraft Propulsion System Market Absolute $ Opportunity
5. Global Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
5.3.1. Hybrid Powertrain
5.3.2. All-Electric Powertrain
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
6.3.1. Civil Aircraft
6.3.2. Military Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric and Hybrid Aircraft Propulsion System Demand Share Forecast, 2019-2029
9. North America Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
9.4.1. Civil Aircraft
9.4.2. Military Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
9.7.1. Hybrid Powertrain
9.7.2. All-Electric Powertrain
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric and Hybrid Aircraft Propulsion System Demand Share Forecast, 2019-2029
10. Latin America Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
10.4.1. Civil Aircraft
10.4.2. Military Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
10.7.1. Hybrid Powertrain
10.7.2. All-Electric Powertrain
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric and Hybrid Aircraft Propulsion System Demand Share Forecast, 2019-2029
11. Europe Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
11.4.1. Civil Aircraft
11.4.2. Military Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
11.7.1. Hybrid Powertrain
11.7.2. All-Electric Powertrain
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric and Hybrid Aircraft Propulsion System Demand Share, 2019-2029
12. Asia Pacific Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
12.4.1. Civil Aircraft
12.4.2. Military Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
12.7.1. Hybrid Powertrain
12.7.2. All-Electric Powertrain
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric and Hybrid Aircraft Propulsion System Demand Share, 2019-2029
13. Middle East & Africa Electric and Hybrid Aircraft Propulsion System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Application
13.4.1. Civil Aircraft
13.4.2. Military Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric and Hybrid Aircraft Propulsion System Market Size and Volume Forecast by Type
13.7.1. Hybrid Powertrain
13.7.2. All-Electric Powertrain
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric and Hybrid Aircraft Propulsion System Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electric and Hybrid Aircraft Propulsion System Market: Market Share Analysis
14.2. Electric and Hybrid Aircraft Propulsion System Distributors and Customers
14.3. Electric and Hybrid Aircraft Propulsion System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Aviation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Safran
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Electravia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elektra Solar GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pipistrel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rolls-Royce
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook