As per BIS Research, the global Electric & Hybrid-Electric Aircraft Propulsion System Industry is estimated to reach $74.90 billion in 2035, at a compound annual growth rate (CAGR) of 18.39% during the forecast period 2025-2035. The product section will help the reader understand the different types of electric & hybrid-electric aircraft propulsion system used in several manned, unmanned and eVTOLs aircraft. The players operating in this market are developing innovative offerings and are highly focused on testing as well as demonstrating their propulsion system capabilities.
Aviation is one of the major industries that adopt advanced technologies to enhance its operational effectiveness. Emerging markets, rapid urbanization, and a faster rise in world urban populations are boosting air traffic demand and are estimated to sustain that growth into the future. According to Boeing’s commercial market outlook (CMO) 2020 report, during the last decade, emerging markets produced approximately 40% of new passenger traffic. An overall rise in consumer expenditure and a shift to service-based economies in developing markets have led to an enhanced progression in air travel.
High speed aircraft use air-breathing ramjet and scramjet engines that allow them to hover at extremely high speeds. Moreover, due to the extreme speeds, the surface of the aircraft reaches severe temperatures, which conventional materials cannot withstand; hence, exotic materials such as titanium or ceramic materials are utilized for making the surface of these vehicles. Achieving high speeds using these propulsion systems means that traveling to any two points in the world would take significantly less time.
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Key Market Players and Competition Synopsis:
3W International GmbH, Airbus S.A.S., Boeing, Cranfield Aerospace Solutions, General Electric Company, GKN Aerospace Services Limited, Honeywell International Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corporation, MagniX, Rolls-Royce Holdings plc., Safran S.A., Siemens AG, Raytheon Technologies Corporation, Leonardo S.p.A
Electric & Hybrid-Electric Aircraft Propulsion System Industry Analysis by Region:
U.S. to Witness Fastest Growth in Electric & Hybrid-Electric Aircraft Propulsion System Industry:
The U.S. is expected to dominate the Electric & Hybrid-Electric Aircraft Propulsion System Industry in 2025 and is anticipated to uphold its dominance throughout the forecast period. Factors such as the presence of major Electric & Hybrid-electric Aircraft Propulsion System manufacturers and a significant investment by the U.S.
Covid – 19 Impact:
However, the COVID-19 pandemic left the aviation industry in a crisis much worse than those that followed both the Great Recession and 9/11 incident. A long stretch of sustained development was halted in its tracks in 2020, and the next numerous years would be devoted trying to merely get back to pre-COVID levels.
Key Questions Answered by This Report:
What are the major drivers, challenges, and opportunities behind the demand for the Electric & Hybrid-Electric Aircraft Propulsion System Industry during the forecast period 2025-2035?
Who are the key players in the Electric & Hybrid-Electric Aircraft Propulsion System Market, and what is the competitive benchmarking?
What are the new strategies being adopted by the existing market players to make a mark in the industry?
How is the Electric & Hybrid-Electric Aircraft Propulsion System Industry expected to grow during the forecast period, and what is the anticipated revenue to be generated by the end of 2035?
What are the trends in the Electric & Hybrid-Electric Aircraft Propulsion System Industry across different countries? What are the revenue estimates for 2025 and 2035?
Which country is expected to contribute the most to the Electric & Hybrid-Electric Aircraft Propulsion System Industry during the forecast period?
The report is a compilation of various segmentations, including market breakdown by propulsion type, and region. The report highlights the key driving and restraining forces for the market as well as the opportunities across the leading countries. In the extensive primary research process undertaken for this study, the sources include industry experts and key executives from prominent companies and organizations across the electric & hybrid-electric aircraft propulsion system value chain.
About BIS Research:
BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
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