Aircraft Electrification Market Size and Share Forecast Outlook From 2024 to 2034

The aircraft electrification market is estimated to be valued at USD 9.3 billion in 2024. During the period from 2024 to 2034, the market is expected to progress at an astounding CAGR of 14.9%. By 2034, the market is anticipated to reach a value of USD 37.2 billion.

Aircraft Electrification Market Analysis

  • Aircraft come under scrutiny for the impact they have on the environment due to fuel transmissions, and thus, aircraft carriers are moving towards electrification at a rapid rate.
  • Electrification is replacing costly equipment in aircraft with cost-effective electrical components, thus enabling aircraft companies to save on installation and maintenance costs.
  • Noise pollution is a customary complaint with aircraft, due to which the demand for electrification is rising.
  • While certain aircraft have embraced electrification by becoming fully electrified, others are using hybrids of electric and traditional mechanical systems.
  • With increasing regulatory pressure, electrification is coming on board as a way to meet sustainability standards laid out by various governments.
Attributes Details
Aircraft Electrification Market Value, 2024 USD 9.3 billion
Projected Market Value, 2034 USD 37.2 billion
Value-based CAGR, 2024 to 2034 14.9%

Top Market Dynamics and Industry Trends in the Aircraft Electrification Sector

  • Lithium-ion batteries are helping the electrification process in aircraft, proving more efficient to them. Research is being conducted to improve the performance of batteries even further.
  • Aircraft are being deployed to aid in humanitarian needs, and electrified aircraft with their smaller sizes and low operational costs are becoming a popular choice for that purpose.
  • Electrification is extending to aircraft used by militaries, with an increasing number of army tests for the viability of electrified military aircraft.
  • Electric systems in aircraft are the subject of constant innovation, with equipment like electrical actuators and flight control systems undergoing regular upgrades. Thus, the demand in the aircraft electrification market is dynamic.
  • Electrification of aircraft is becoming popular as an option for short-distance flights, saving fuel and mechanical system operation costs for airlines.
  • Commercial aircraft models with electrical systems are also moving toward electrification as a way to save costs and minimize environmental impact.
  • Improper airport infrastructure also affects the smooth operation of aircraft electrification. Issues such as a lack of charging points can adversely affect the market’s growth. The risk of electrical systems failing mid-flight is also expected to restrain the market.
  • Startups and small-scale companies, along with publicly-funded research, are making giant strides in the electrification process of aircraft.

Aircraft Electrification Industry Analysis by Top Investment Segments

Batteries are the predominant product in demand when it comes to the adoption of electrification on-board aircraft. Power generation is the foremost purpose of electrification in aircraft.

All-around Function of Batteries Make Them Essential in Aircraft

Attributes Details
Top Component Batteries
CAGR (2024 to 2034) 14.7%

Sales of batteries for aircraft electrification are expected to advance at a CAGR of 14.7% over the forecast period. Some of the factors influencing the progress of the segment in the market are:

  • Batteries play a key role in important aircraft functions like emergency power and fault clearing. Thus, batteries are essential to the working of aircraft and are the most in-demand among electrical components.
  • Manufacturers of batteries are improving the capability of the product to aid their further integration into aircraft. Lithium-ion batteries are one such example of batteries that are providing even more effectiveness to aircraft.

Aircraft Electrification for Power Generation

Attributes Details
Top Application Power Generation
CAGR (2024 to 2034) 14.5%

The power generation segment is expected to progress at a CAGR of 14.5% over the forecast period. Some of the reasons for the progress of the power generation use of electrification are:

  • With increasing concerns about the fuel used in aircraft for power generation, electric generators and alternators are increasingly being used for power generation.
  • Increasing efficiency of generators and alternators is endearing electrification as a source of power generation to aircraft companies.

Analysis of Top Countries Innovating, Certifying, and Deploying Aircraft Electrification Technologies

Asia Pacific has emerged as a lucrative region in the market. With the increasing number of airlines popping up in the region, the need for cargo is rising, driving the growth of the market.

Technological advancements, both in general and in aircraft, are helping the adoption of electrical systems in aircraft in Europe and North America. The economically-developed regions have a prominent presence of market giants who invest heavily in research and testing.

Countries CAGR (2024 to 2034)
United States 15.2%
United Kingdom 16.0%
China 15.6%
Japan 16.5%
South Korea 17.0%

Companies Focusing on Providing Fully Electric Flights in South Korea

The CAGR of the market in South Korea is anticipated to be 17.0% over the forecast period. Some of the factors influencing the extraordinary growth are:

  • Companies in South Korea have taken the electrification route to heart and have grand plans for wholly electric aircraft. For example, South Korean startup Toff Mobility has set a goal of running wholly electrical flights for both passengers and cargo.
  • Looking to curb greenhouse emissions, the government in South Korea has encouraged alternatives to traditional fuel in aircraft. Thus, the electrification of aircraft is being boosted in the country.

Private and Public Investments Aiding the Cause of Aircraft Electrification in Japan

The market in Japan is expected to register a CAGR of 16.5% over the forecast period. Some of the factors leading to the growth of the market in Japan are:

  • Both private and public players are making heavy investments in the aircraft electrification market in Japan, allowing for more research projects. For example, in October 2023, the Japanese government made plans to donate USD 205 million for research in aircraft electrification.
  • The feasibility of hybrid electric aircraft is being investigated in Japan. For example, Japan Airlines is doing a study of hydrogen-electric aviation.

Chinese Enterprises Focusing on the Development of Battery-Operated Aircraft

The market in China is expected to grow at a CAGR of 15.6% through 2034. Some of the factors responsible for the growth of the market are:

  • Enterprises in the country are planning to launch even more successful aircraft with electrification.
  • Electric aircraft are being developed in China to deal with the increasing passenger load of airlines. With the rise in the number of middle-class people in the country, more people are able to afford airline travel, and thus, the passenger load in China is increasing.

Research from All Corners Helping the Market in the United Kingdom

The market in the United Kingdom is expected to progress at a CAGR of 16.0% through 2034. Some factors influencing the market’s progress are:

  • In the United Kingdom, in addition to airline carriers themselves, research is also being undertaken from the ground level. For example, Cranfield University tested and successfully implemented an all-electric flight in the country.
  • Electrification of aircraft is an objective of several companies and collaborators operating in the United Kingdom. For example, 2ZERO (Towards Zero Emission In Regional Aircraft Operations), a project to develop short-range electric aircraft, includes collaborators like Rolls-Royce Electrical, Nottingham University, and Cornwall Airport.

Electric Passenger Aircraft Becoming Closer to Reality in the United States

The market is expected to register a CAGR of 15.2% in the United States. Some factors influencing the growth of the market are:

  • Electric passenger flights are no longer a pipedream for aircraft carriers in the United States. For example, United Airlines aims to make electric passenger flights available by 2028.
  • Startup culture for airline electrification is prevalent in the United States. These startups, like ZeroAvia, are shocking the aircraft electrification market, bringing fresh ideas to the table.

Leading Suppliers in the Aircraft Electrification Sector

The airline electrification industry is fairly fragmented. Multinational giants with the capability to operate a large fleet compete with startups and small-scale airlines focused on innovation. Public aviation enterprises also have a vested interest in the market.

Research and development remain a prime concern for market players. Collaborative strategies are being practiced by enterprises in the market in a bid to combine the prowess of two entities and accelerate the development process.

Recent Developments in the Aircraft Electrification Market

  • In January 2024, it was announced that Joby Aviation had entered into a partnership agreement with Atlantic Aviation to electrify the aviation structure of the former.
  • In January 2024, Surf Air Mobility agreed on a deal with two Kenyan enterprises, Safarilink and Yellow Wings, to outfit their Cessna Grand Caravans with electric powertrains.
  • In November 2022, United Airlines announced an investment in Natron Energy, a battery manufacturer for aircraft.
  • In June 2019, it was announced that Rolls-Royce finalized an agreement to acquire the electric and hybrid-electric operations of Siemens. Using the acquisition, Rolls-Royce accelerated its grand plans for cleaner electric power generation.

Notable Players in the Business Landscape

  • Honeywell International Inc.
  • Astronics Corporation
  • Meggitt plc
  • BAE Systems
  • Collins Aerospace
  • Rolls-Royce plc
  • Ametek, Inc.

Top Segments Studied in the Aircraft Electrification Market

By Component:

  • Batteries
  • Fuel Cells
  • Electric Actuators
  • Generators
  • Motors
  • Power Electronics
  • Distribution Devices
  • Others

By Application:

  • Power Generation
  • Power Distribution
  • Power Conversion
  • Energy Storage

By Phase:

  • More Electric
  • Hybrid Electric
  • Fully Electric

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
    • 5.1. Batteries
    • 5.2. Fuel Cells
    • 5.3. Electric Actuators
    • 5.4. Generators
    • 5.5. Motors
    • 5.6. Power Electronics
    • 5.7. Distribution Devices
    • 5.8. Others
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    • 6.1. Power Generation
    • 6.2. Power Distribution
    • 6.3. Power Conversion
    • 6.4. Energy Storage
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
    • 7.1. More Electric
    • 7.2. Hybrid Electric
    • 7.3. Fully Electric
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Honeywell International Inc
    • 18.2. Astronics Corporation
    • 18.3. Meggitt plc
    • 18.4. BAE Systems
    • 18.5. Collins Aerospace
    • 18.6. Rolls-Royce plc
    • 18.7. Ametek.Inc
    • 18.8. Thales Group
    • 18.9. Safran S.A
    • 18.10. MagniX
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 4: Global Market Volume (Units) Forecast by Component, 2019 to 2034

Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 6: Global Market Volume (Units) Forecast by Application, 2019 to 2034

Table 7: Global Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 8: Global Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 9: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 10: North America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 11: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 12: North America Market Volume (Units) Forecast by Component, 2019 to 2034

Table 13: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 14: North America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 15: North America Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 16: North America Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 18: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 19: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 20: Latin America Market Volume (Units) Forecast by Component, 2019 to 2034

Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 22: Latin America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 23: Latin America Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 24: Latin America Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 25: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 27: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 28: Western Europe Market Volume (Units) Forecast by Component, 2019 to 2034

Table 29: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 30: Western Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 31: Western Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 32: Western Europe Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 33: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 34: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 35: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 36: Eastern Europe Market Volume (Units) Forecast by Component, 2019 to 2034

Table 37: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 38: Eastern Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 39: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 40: Eastern Europe Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 42: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034

Table 43: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 44: South Asia and Pacific Market Volume (Units) Forecast by Component, 2019 to 2034

Table 45: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 46: South Asia and Pacific Market Volume (Units) Forecast by Application, 2019 to 2034

Table 47: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 48: South Asia and Pacific Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 50: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034

Table 51: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 52: East Asia Market Volume (Units) Forecast by Component, 2019 to 2034

Table 53: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 54: East Asia Market Volume (Units) Forecast by Application, 2019 to 2034

Table 55: East Asia Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 56: East Asia Market Volume (Units) Forecast by Technology, 2019 to 2034

Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 58: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034

Table 59: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 60: Middle East and Africa Market Volume (Units) Forecast by Component, 2019 to 2034

Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 62: Middle East and Africa Market Volume (Units) Forecast by Application, 2019 to 2034

Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2019 to 2034

Table 64: Middle East and Africa Market Volume (Units) Forecast by Technology, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Technology, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 6: Global Market Volume (Units) Analysis by Region, 2019 to 2034

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 9: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 10: Global Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 12: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 13: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 14: Global Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 17: Global Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 18: Global Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 19: Global Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 20: Global Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 21: Global Market Attractiveness by Component, 2024 to 2034

Figure 22: Global Market Attractiveness by Application, 2024 to 2034

Figure 23: Global Market Attractiveness by Technology, 2024 to 2034

Figure 24: Global Market Attractiveness by Region, 2024 to 2034

Figure 25: North America Market Value (US$ Million) by Component, 2024 to 2034

Figure 26: North America Market Value (US$ Million) by Application, 2024 to 2034

Figure 27: North America Market Value (US$ Million) by Technology, 2024 to 2034

Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 30: North America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 33: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 34: North America Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 37: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 38: North America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 41: North America Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 42: North America Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 43: North America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 44: North America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 45: North America Market Attractiveness by Component, 2024 to 2034

Figure 46: North America Market Attractiveness by Application, 2024 to 2034

Figure 47: North America Market Attractiveness by Technology, 2024 to 2034

Figure 48: North America Market Attractiveness by Country, 2024 to 2034

Figure 49: Latin America Market Value (US$ Million) by Component, 2024 to 2034

Figure 50: Latin America Market Value (US$ Million) by Application, 2024 to 2034

Figure 51: Latin America Market Value (US$ Million) by Technology, 2024 to 2034

Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 57: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 58: Latin America Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 62: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 65: Latin America Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 66: Latin America Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 69: Latin America Market Attractiveness by Component, 2024 to 2034

Figure 70: Latin America Market Attractiveness by Application, 2024 to 2034

Figure 71: Latin America Market Attractiveness by Technology, 2024 to 2034

Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 73: Western Europe Market Value (US$ Million) by Component, 2024 to 2034

Figure 74: Western Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 75: Western Europe Market Value (US$ Million) by Technology, 2024 to 2034

Figure 76: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 78: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 81: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 82: Western Europe Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 85: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 86: Western Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 89: Western Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 90: Western Europe Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 93: Western Europe Market Attractiveness by Component, 2024 to 2034

Figure 94: Western Europe Market Attractiveness by Application, 2024 to 2034

Figure 95: Western Europe Market Attractiveness by Technology, 2024 to 2034

Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 97: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034

Figure 98: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 99: Eastern Europe Market Value (US$ Million) by Technology, 2024 to 2034

Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 102: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 106: Eastern Europe Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 109: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 110: Eastern Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 114: Eastern Europe Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 117: Eastern Europe Market Attractiveness by Component, 2024 to 2034

Figure 118: Eastern Europe Market Attractiveness by Application, 2024 to 2034

Figure 119: Eastern Europe Market Attractiveness by Technology, 2024 to 2034

Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 121: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034

Figure 122: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034

Figure 123: South Asia and Pacific Market Value (US$ Million) by Technology, 2024 to 2034

Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 126: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 130: South Asia and Pacific Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 134: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 138: South Asia and Pacific Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 141: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034

Figure 142: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034

Figure 143: South Asia and Pacific Market Attractiveness by Technology, 2024 to 2034

Figure 144: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 145: East Asia Market Value (US$ Million) by Component, 2024 to 2034

Figure 146: East Asia Market Value (US$ Million) by Application, 2024 to 2034

Figure 147: East Asia Market Value (US$ Million) by Technology, 2024 to 2034

Figure 148: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 150: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 153: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 154: East Asia Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 155: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 157: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 158: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 159: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 160: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 161: East Asia Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 162: East Asia Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 163: East Asia Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 165: East Asia Market Attractiveness by Component, 2024 to 2034

Figure 166: East Asia Market Attractiveness by Application, 2024 to 2034

Figure 167: East Asia Market Attractiveness by Technology, 2024 to 2034

Figure 168: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 169: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034

Figure 170: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034

Figure 171: Middle East and Africa Market Value (US$ Million) by Technology, 2024 to 2034

Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 174: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 178: Middle East and Africa Market Volume (Units) Analysis by Component, 2019 to 2034

Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 182: Middle East and Africa Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2019 to 2034

Figure 186: Middle East and Africa Market Volume (Units) Analysis by Technology, 2019 to 2034

Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034

Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034

Figure 189: Middle East and Africa Market Attractiveness by Component, 2024 to 2034

Figure 190: Middle East and Africa Market Attractiveness by Application, 2024 to 2034

Figure 191: Middle East and Africa Market Attractiveness by Technology, 2024 to 2034

Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

How Big is the Aircraft Electrification Market in 2024?

The size of the aircraft electrification market is estimated to be USD 9.3 billion in 2024.

At What Rate is the Aircraft Electrification Market Expected to Grow?

The market is expected to increase at a CAGR of 14.9% over the forecast period.

What is the Scope of Aircraft Electrification in the United States?

The market in the United States is expected to register a CAGR of 15.2% from 2024 to 2034.

What is the Expected Valuation of the Aircraft Electrification Market?

The aircraft electrification market is forecasted to reach a value of USD 37.2 billion by 2034.

What are the Key Trends in the Aircraft Electrification Industry?

Lithium-ion batteries and electrified aircraft developed for short distances are two of the key trends in the aircraft electrification industry.

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