The electric and hybrid aircraft propulsion system market is forecasted to grow by USD 12.31 bn during 2023-2028, accelerating at a CAGR of 4.53% during the forecast period. The report on the electric and hybrid aircraft propulsion system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for light and ultralight electric aircraft, performance benefits of electric and hybrid aircraft propulsion systems over conventional power aircraft, and use of advanced techniques for aircraft construction.
Market Scope
Base Year
2023
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.82%
CAGR
4.53%
Incremental Value
$12.31bn
Technavio's electric and hybrid aircraft propulsion system market is segmented as below:
By Technology
Hybrid powertrain
All-electric powertrain
By End-user
Military
Commercial
civil
By Geography
Europe
North America
APAC
Middle East and Africa
South America
This study identifies the increased use of electrical systems in modern aircraft as one of the prime reasons driving the electric and hybrid aircraft propulsion system market growth during the next few years. Also, increasing demand for short-haul range connectivity and sustainable development opportunities for electric and hybrid aircraft propulsion system will lead to sizable demand in the market.
The report on the electric and hybrid aircraft propulsion system market covers the following areas:
Electric and hybrid aircraft propulsion system market sizing
Electric and hybrid aircraft propulsion system market forecast
Electric and hybrid aircraft propulsion system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric and hybrid aircraft propulsion system market vendors that include Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., magniX, MAN Energy Solutions SE, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Safran SA, Siemens AG, Textron Inc., The Boeing Co., and Joby Aviation Inc.. Also, the electric and hybrid aircraft propulsion system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global electric and hybrid aircraft propulsion system market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global electric and hybrid aircraft propulsion system market 2018 - 2022 ($ billion)