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The global aircraft electrification market is expected to see significant growth over the next few years as the need to reduce carbon emissions and control environmental pollution increases. Increasing initiatives to reduce dependence on oil will increase the demand for electrification of aircraft. Electric aircraft are driven by electric motors driven by propellers that generate propulsion. There is a distributed drive system. Electricity can be supplied to aircraft through batteries, solar cells, fuel cells, and ground power cables. The first manned electric aircraft flew only 14 minutes in 1973. Since then, major research has been conducted in this area, and experts are considering electric planes as the future of aviation.

Key Market Players

The key market players in the aircraft electrification market are Honeywell International Inc. (US), Safran (France), Thales Group (France), United Technologies Corporation (US), GE Aviation (US), Raytheon Company (US), AMETEK (US), Meggitt PLC (UK), BAE Systems (UK), Radiant Power Corporation (US).

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A full report of Global Aircraft Electrification Market is available at: https://www.orionmarketreports.com/aircraft-electrification-market/46798/

The following Segmentation are covered in this report:

On the basis of Technology

More Electric
Hybrid Electric (Solar Powered, Battery Powered, Fuel Cell Powered)
Fully Electric
On the basis of Application

Power Generation
Power Distribution
Power Conversion
Energy Storage
On the basis of System

Propulsion Systems
Aircraft Systems
On the basis of Component

Batteries
Fuel Cells
Solar Cells
Electric Actuators
Electric Pumps
The report covers the following objectives:

Proliferation and maturation of trade in the global Aircraft Electrification Market.
The market share of the global Aircraft Electrification Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Aircraft Electrification Market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Aircraft Electrification Market.
Scope of the Report

The research study analyses the global Aircraft Electrification industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

Market Overview and growth analysis
Import and Export Overview
Volume Analysis
Current Market Trends and Future Outlook
Market Opportunistic and Attractive Investment Segment
Geographic Coverage

North America Market Size and/or Volume
Latin America Market Size and/or Volume
Europe Market Size and/or Volume
Asia-Pacific Market Size and/or Volume
Rest of the world Market Size and/or Volume
Key Questions Answered by Aircraft Electrification Market Report

What was the Aircraft Electrification Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Aircraft Electrification Market during the forecast period (2021-2027)?
Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer/vendor/players in the Aircraft Electrification Market was the market leader in 2020?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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