Global Electric and Hybrid Electric Aircraft Propulsion Systems Market Analysis Report 2021 with Forecast 2025-2035

DUBLIN, January 25, 2022–(BUSINESS WIRE)–The “Electric and Hybrid-Electric Aircraft Propulsion Systems Market – A Global and Regional Analysis: Product and Country Focus – Analysis and Forecast, 2025-2035” report has been added to from ResearchAndMarkets.com offer.

The global market for electric and hybrid-electric aircraft propulsion systems is expected to reach USD 74.90 billion in 2035, growing at a compound annual growth rate (CAGR) of 18.39% during the forecast period 2025-2035 .

Electric and hybrid-electric aircraft propulsion system

Electric model airplanes and unmanned aerial vehicles (UAVs) have been flying since the 1970s, although in 1917 the first electrically powered manned tethered helicopter was developed. Additionally, the first electrically powered aircraft, the MB-E1, flew in October 1973. Along with this, many other electrically powered aircraft prototypes are being developed and tested to enhance the travel experience. by plane.

Hybrid-electric propulsion combines a conventional internal combustion engine system with an electric propulsion system. This type of propulsion system does not emit harmful components into the air, which reduces the total pollution levels associated with air travel. Hybrid-electric propulsion can be classified into hybrid-series propulsion and hybrid-parallel propulsion.

Market segmentation

Electric and Hybrid-Electric Aircraft Propulsion Systems Market by Propulsion Type

The hybrid-electric propulsion segment is expected to dominate the global market for electric and hybrid-electric aircraft propulsion systems, due to the high investments expected to be made in the future owing to the high adoption rate in the commercial aviation industry.

Electric and Hybrid-Electric Aircraft Propulsion Systems Market by Region

North America is expected to lead the global market for electric and hybrid-electric aircraft propulsion systems over the forecast period. The research and development of next-generation aircraft in the region is growing at a significant pace, which in turn is expected to increase the demand for electric and hybrid-electric aircraft propulsion systems in the coming years.

Key Market Players and Competition Summary

3W International GmbH, Airbus SAS, 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 SA, Siemens SA, Raytheon Technologies Corporation, Leonardo SpA

The companies featured in the report have been selected after in-depth interviews with experts and company details such as product portfolio, annual revenue, market penetration, research and development initiatives, and domestic and international presence. in the electric and hybrid sector. – market for electric propulsion systems for aircraft.

Accordingly, a structured approach is followed which includes the segmentation of the player pool into three mutually exclusive and collectively exhaustive parties, holding 100% of the market, as mentioned below:

  • Key Segment Players – These are the major original equipment manufacturers (OEMs), covering around 60% of the market presence.

  • Other Segment Players – These are component suppliers, covering around 40% of the market presence.

How this report can add value

This report will contribute to the following objectives:

The product section will help the reader understand the different types of electric and hybrid electric aircraft propulsion systems used in several manned, unmanned and eVTOL aircraft. The players operating in this market are developing innovative offers and are very focused on testing and demonstrating the capabilities of their propulsion system.

  • A dedicated section focused on the startup and investment landscape

  • Detailed analysis, which includes both value and volume of electric and hybrid-electric propulsion system used on all types of aircraft

  • Major Programs of Electric and Hybrid Electric Aircraft Propulsion Systems Market

Key Questions Answered by the Report

  • What are the key drivers, challenges and opportunities behind the demand for electric and hybrid-electric aircraft propulsion systems market over the forecast period 2025-2035?

  • Who are the key players in the Electric and Hybrid Electric Aircraft Propulsion Systems Market and what is the competitive benchmark?

  • What are the new strategies adopted by existing market players to gain a foothold in the industry?

  • How is the electric and hybrid-electric aircraft propulsion systems market expected to grow during the forecast period, and what is the revenue expected to generate by the end of 2035?

  • What are the electric and hybrid electric aircraft propulsion systems market trends in different countries? What are the revenue estimates for 2025 and 2035?

  • Which country is expected to contribute the most to the electric and hybrid-electric aircraft propulsion systems market during the forecast period?

Market Report Coverage

Market segmentation

Regional segmentation

  • North America: United States and Canada

  • South America

  • Europe: United Kingdom, Germany, France, Russia, Netherlands and rest of Europe

  • Middle East and Africa

  • Asia Pacific: China, Japan, India, Australia, Singapore and Rest of Asia Pacific

Markets

Industry Outlook

Ongoing/upcoming programs in top countries for next-generation aircraft propulsion technology

  • NASA Developments on Electric and Hybrid-Electric Aircraft Propulsion Systems

  • Single thruster test bed

  • State-of-the-art asynchronous propeller technology (LEAPTech)

  • Hybrid Electric Integrated Systems Test Bed (HEIST) Ironbird

Startup and investment landscape

Some products

  • manned aircraft

  • Fixed-wing aircraft

  • commuter plane

  • Regional aircraft

  • Rotary wing aircraft

  • Rotorcraft

  • Multi Copter

  • Hybrid wing aircraft

Companies cited

  • 3W International GmbH

  • Airbus S.A.S.

  • Boeing

  • Cranfield Aerospace Solutions

  • General electricity company

  • GKN Aerospace Services Limited

  • Honeywell International Inc.

  • Israel Aerospace Industries Ltd.

  • Lockheed Martin Company

  • MagniX

  • Rolls-Royce Holdings plc.

  • Safran S.A.

  • Siemens AG

  • Raytheon Technologies Corporation

  • Leonardo SpA

For more information on this report, visit https://www.researchandmarkets.com/r/8m3bvk

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220125005648/en/

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