Global Aircraft Electrification Market 2023-2027

Global Aircraft Electrification Market 2023-2027

Technavio has been monitoring the aircraft electrification market and is forecast to grow by USD 6170.74 million during 2022-2027, accelerating at a CAGR of 13.94% during the forecast period. Our report on the aircraft electrification 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 technological advancements, electric and hybrid-electric aircraft have lower operating costs, and government incentives for the development of electric and hybrid-electric aircraft.

Technavio's aircraft electrification market is segmented as below:

By Platform

  • Commercial and general
  • Military
By Technology
  • More electric
  • Fully electric
  • Hybrid electric
By Geography
  • Europe
  • North America
  • APAC
  • Middle East and Africa
  • South America
This study identifies the increased demand for electric aircraft as one of the prime reasons driving the aircraft electrification market growth during the next few years. Also, increased investment in aircraft electrification and advancements in battery technology will lead to sizable demand in the market.

Technavio 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. Our report on the aircraft electrification market covers the following areas:
  • Aircraft electrification market sizing
  • Aircraft electrification market forecast
  • Aircraft electrification market industry analysis
Technavio's 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 aircraft electrification market vendors that include Acme Aerospace Inc and Avionic Instruments LLC, Aegis Power Systems Inc., AMETEK Inc., Astronics Corp., BAE Systems Plc, Carlisle Companies Inc., Crane Co., EaglePicher Technologies LLC, General Electric Co., Hartzell Propeller Inc., Honeywell International Inc., Lee Air Inc., magniX, Nabtesco Corp., Parker Hannifin Corp., PBS Aerospace Inc., Raytheon Technologies Corp., Safran SA, Thales, and U.S. Technologies. Also, the aircraft electrification 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Platform
      • Table Executive Summary – Chart on Market Segmentation by Technology
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global aircraft electrification market 2017 - 2021
      • Table Historic Market Size – Data Table on Global aircraft electrification market 2017 - 2021 ($ million)
    • Platform Segment Analysis 2017 - 2021
      • Table Historic Market Size – Platform Segment 2017 - 2021 ($ million)
    • Technology Segment Analysis 2017 - 2021
      • Table Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Platform
    • Market segments
      • Table Chart on Platform - Market share 2022-2027 (%)
      • Table Data Table on Platform - Market share 2022-2027 (%)
    • Comparison by Platform
      • Table Chart on Comparison by Platform
      • Table Data Table on Comparison by Platform
    • Commercial and general aircraft - Market size and forecast 2022-2027
      • Table Chart on Commercial and general aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Commercial and general aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Commercial and general aircraft - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Commercial and general aircraft - Year-over-year growth 2022-2027 (%)
    • Military aircraft - Market size and forecast 2022-2027
      • Table Chart on Military aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Military aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Military aircraft - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Military aircraft - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Platform
      • Table Market opportunity by Platform ($ million)
      • Table Data Table on Market opportunity by Platform ($ million)
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2022-2027 (%)
      • Table Data Table on Technology - Market share 2022-2027 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • More electric - Market size and forecast 2022-2027
      • Table Chart on More electric - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on More electric - Market size and forecast 2022-2027 ($ million)
      • Table Chart on More electric - Year-over-year growth 2022-2027 (%)
      • Table Data Table on More electric - Year-over-year growth 2022-2027 (%)
    • Fully electric - Market size and forecast 2022-2027
      • Table Chart on Fully electric - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Fully electric - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Fully electric - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Fully electric - Year-over-year growth 2022-2027 (%)
    • Hybrid electric - Market size and forecast 2022-2027
      • Table Chart on Hybrid electric - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Hybrid electric - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Hybrid electric - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hybrid electric - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
      • Table Data Table on Market opportunity by Technology ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • France - Market size and forecast 2022-2027
      • Table Chart on France - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Table Chart on France - Year-over-year growth 2022-2027 (%)
      • Table Data Table on France - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Technological advancements
      • Electric and hybrid-electric aircraft have lower operating costs
    • Market challenges
      • High development cost of aircraft electrification
      • Limited manufacturing capacity
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Increased demand for electric aircraft
      • Increased investment in aircraft electrification
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Aegis Power Systems Inc.
      • Table Aegis Power Systems Inc. - Overview
      • Table Aegis Power Systems Inc. - Product / Service
      • Table Aegis Power Systems Inc. - Key offerings
    • AMETEK Inc.
      • Table AMETEK Inc. - Overview
      • Table AMETEK Inc. - Business segments
      • Table AMETEK Inc. - Key offerings
      • Table AMETEK Inc. - Segment focus
    • Astronics Corp.
      • Table Astronics Corp. - Overview
      • Table Astronics Corp. - Business segments
      • Table Astronics Corp. - Key offerings
      • Table Astronics Corp. - Segment focus
    • BAE Systems Plc
      • Table BAE Systems Plc - Overview
      • Table BAE Systems Plc - Business segments
      • Table BAE Systems Plc - Key offerings
      • Table BAE Systems Plc - Segment focus
    • Crane Co.
      • Table Crane Co. - Overview
      • Table Crane Co. - Business segments
      • Table Crane Co. - Key offerings
      • Table Crane Co. - Segment focus
    • EaglePicher Technologies LLC
      • Table EaglePicher Technologies LLC - Overview
      • Table EaglePicher Technologies LLC - Product / Service
      • Table EaglePicher Technologies LLC - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Lee Air Inc.
      • Table Lee Air Inc. - Overview
      • Table Lee Air Inc. - Product / Service
      • Table Lee Air Inc. - Key offerings
    • magniX
      • Table magniX - Overview
      • Table magniX - Product / Service
      • Table magniX - Key offerings
    • Parker Hannifin Corp.
      • Table Parker Hannifin Corp. - Overview
      • Table Parker Hannifin Corp. - Business segments
      • Table Parker Hannifin Corp. - Key news
      • Table Parker Hannifin Corp. - Key offerings
      • Table Parker Hannifin Corp. - Segment focus
    • PBS Aerospace Inc.
      • Table PBS Aerospace Inc. - Overview
      • Table PBS Aerospace Inc. - Product / Service
      • Table PBS Aerospace Inc. - Key offerings
    • Raytheon Technologies Corp.
      • Table Raytheon Technologies Corp. - Overview
      • Table Raytheon Technologies Corp. - Business segments
      • Table Raytheon Technologies Corp. - Key news
      • Table Raytheon Technologies Corp. - Key offerings
      • Table Raytheon Technologies Corp. - Segment focus
    • Safran SA
      • Table Safran SA - Overview
      • Table Safran SA - Business segments
      • Table Safran SA - Key news
      • Table Safran SA - Key offerings
      • Table Safran SA - Segment focus
    • Thales
      • Table Thales - Overview
      • Table Thales - Business segments
      • Table Thales - Key news
      • Table Thales - Key offerings
      • Table Thales - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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