Aircraft Electrification Market Global Outlook And Trends Analysis Report 2023 | |
The Aircraft Electrification Global Market Report 2023 by The Business Research Company, provides aircraft electrification market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032. Learn More On The Aircraft Electrification Market: https://www.thebusinessresearchcompany.com/report/aircraft-electrification-global-market-report In accordance with The Business Research Company’s comprehensive Aircraft Electrification Global Market Report for the year 2023, the expansive landscape of the global aircraft electrification market has manifested a robust ascent, escalating from $4.52 billion in 2022 to an impressive $5.09 billion in 2023, marking a noteworthy compound annual growth rate (CAGR) of 12.6%. It is imperative to note that this growth trajectory unfolds against the intricate backdrop of the Russia-Ukraine conflict, a geopolitical upheaval that has intricately interwoven itself with the dynamics of global economic recovery post the tumultuous times of the COVID-19 pandemic, at least in the immediate aftermath. The repercussions of this conflict have reverberated across nations, precipitating economic sanctions of considerable magnitude, an unprecedented surge in commodity prices, and disruptions within the intricate tapestry of supply chains. These multifaceted disruptions have inevitably cascaded into a widespread inflationary effect, impacting diverse markets and sectors on a global scale. Projections indicate that the aircraft electrification market is poised for continued expansion, reaching an estimated valuation of $7.94 billion in the year 2027, fueled by a robust CAGR of 11.8%. The growing demand to reduce the carbon footprint is driving the electric aviation market. Carbon footprint refers to the total volume of greenhouse gases, notably carbon dioxide, that something, such as a person's actions or the manufacturing and shipping of a product, emits over a specified period. Carbon footprints can be reduced by bringing change in the way the activities are carried out. Aircraft electrification is one such change that will lead to a reduction in carbon footprint. Electric aircraft use electricity instead of fuel, reducing the emission of harmful gases into the atmosphere, thereby reducing carbon footprint. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=7057&type=smp The aircraft electrification market is segmented: 1) By Component: Batteries, Fuel Cells, Solar Cells, Electric Actuators, Electric Pumps, Generators, Motors, Power Electronics, Distribution Devices 2) By Technology: More Electric, Hybrid Electric, Fully Electric 3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility . 26. Africa Aircraft Electrification Market 27. Aircraft Electrification Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Aircraft Electrification Market 29. Aircraft Electrification Market Future Outlook and Potential Analysis 30. Appendix | |
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