Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electric and Hybrid Aircraft Propulsion System Market by Type (Hybrid Powertrain, All-Electric Powertrain), By Application (Civil Aircraft, Military Aircraft) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electric and Hybrid Aircraft Propulsion System Market by Type (Hybrid Powertrain, All-Electric Powertrain), By Application (Civil Aircraft, Military Aircraft) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 139582 3300 Machinery & Equipment 377 243 Pages 4.7 (33)
                                          

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.


Global Electric and Hybrid Aircraft Propulsion System Industry Outlook


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:

  1. GE Aviation
  2. Siemens
  3. Safran
  4. Electravia
  5. Elektra Solar GmbH
  6. Pipistrel
  7. Rolls-Royce

Global Electric and Hybrid Aircraft Propulsion System Market Overview


Highlights of The Electric and Hybrid Aircraft Propulsion System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hybrid Powertrain
    2. All-Electric Powertrain
  1. By Application:

    1. Civil Aircraft
    2. Military Aircraft
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Electric and Hybrid Aircraft Propulsion System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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