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Electric and Hybrid Aircraft Propulsion System Market by Technology and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 141
  • SKU: IRTNTR73752
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The electric and hybrid aircraft propulsion system market share is expected to increase to USD 12.1 million from 2021 to 2026, at a CAGR of 5.03%.

This electric and hybrid aircraft propulsion system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric and hybrid aircraft propulsion system market segmentation by technology (hybrid powertrain and all-electric powertrain) and geography (Europe, North America, APAC, Middle East and Africa, and South America). The electric and hybrid aircraft propulsion system market report also offers information on several market vendors, including Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, Eviation Aircraft, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., MagniX, PIPISTREL doo, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rotex Electric, Safran SA, Siemens AG, The Boeing Co., and Joby Aviation Inc. among others.

What will the Electric and Hybrid Aircraft Propulsion System Market Size be During the Forecast Period?

Electric and Hybrid Aircraft Propulsion System Market Size

Download the Free Report Sample to Unlock the Electric and Hybrid Aircraft Propulsion System Market Size for the Forecast Period and Other Important Statistics

 

Electric and Hybrid Aircraft Propulsion System Market: Key Drivers, Trends, and Challenges

The growing demand for light and ultralight electric aircraft is notably driving the electric and hybrid aircraft propulsion system market growth, although factors such as limitations of existing battery technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric and hybrid aircraft propulsion system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric and Hybrid Aircraft Propulsion System Market Driver

The growing demand for light and ultralight electric aircraft is one of the key drivers fueling the electric and hybrid aircraft propulsion system market growth. The GA segment is the driving sector for electric aircraft, as manufacturers generally prefer light aircraft for testing purposes. Moreover, due to innovative programs such as Urban Air Taxi deploying very light jets for urban mobility, developments in this segment are focused on providing services within a range of about 31 miles. Following are some of the instances of the development of light jets:

  • In April 2022, Bharat Heavy Electricals (BHEL) and GE Power Conversion marked a settlement that would help the native organization's capacity for fostering an integrated full electric propulsion system to drive Indian Navy warships. 
  • In February 2022, NASA and GE Aviation reported another partnership to develop a megawatt-class cross-breed electric motor. GE Aviation has chosen Boeing to modify the plane that will test the propulsion system in the air. 

The above-mentioned instances may support the electric and hybrid aircraft propulsion system market growth during the forecast period.

Key Electric and Hybrid Aircraft Propulsion System Market Trend

  • The use of advanced techniques for aircraft construction is one of the key electric and hybrid aircraft propulsion system market trends propelling the market growth.
  • The aircraft manufacturing industry is focusing on reducing the overall weight of aircraft while maintaining or even improving their total load-carrying capacity. Thus, the need to design and produce high-performance aircraft within a weight constraint is the main reason behind aircraft manufacturers using lightweight composites.
  • Carbon fiber-reinforced polymer provides the mechanical strength of metal and is extremely lightweight and malleable, revolutionizing design from existing standards to the required configurations.
  • 3D printing has enabled designers to produce unconventional configurations previously thought impossible to achieve.
  • The electric aircraft industry depends on 3D printing for the rapid production of aircraft components, which saves time, money, and space. This, in turn, will propel the electric and hybrid aircraft propulsion system market growth during the forecast period.

Key Electric and Hybrid Aircraft Propulsion System Market Challenge

  • Limitations of existing battery technology is one of the key factors challenging the electric and hybrid aircraft propulsion system market growth.
  • The electric aircraft is generally overhyped as the design concepts of aerospace companies have low conversion rates on the application as working commercial models.
  • A flight requires significant amounts of energy and achieving it is difficult due to the technological limitations of the battery industry. However, the electrification of cars was successful due to its focus on cost-effectiveness and making them more compact.
  • The main concern in an aircraft is weight. In view of this, there is a great need to increase the storage capacity of the battery without increasing the aircraft's weight. This, in turn, may limit the electric and hybrid aircraft propulsion system market growth during the forecast period.

This electric and hybrid aircraft propulsion system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric and hybrid aircraft propulsion system market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric and hybrid aircraft propulsion system market during the forecast period.

Who are the Major Electric and Hybrid Aircraft Propulsion System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Airbus SE
  • Bye Aerospace
  • Cranfield Aerospace Solutions Ltd.
  • Elektra Solar GmbH
  • Eviation Aircraft
  • General Electric Co.
  • GKN Aerospace Services Ltd.
  • Honeywell International Inc.
  • Israel Aerospace Industries Ltd.
  • Lange Aviation GmbH
  • Leonardo Spa
  • Lockheed Martin Corp.
  • MagniX
  • PIPISTREL doo
  • Raytheon Technologies Corp.
  • Rolls Royce Holdings Plc
  • Rotex Electric
  • Safran SA
  • Siemens AG
  • The Boeing Co.
  • Joby Aviation Inc.

 

This statistical study of the electric and hybrid aircraft propulsion system market encompasses successful business strategies deployed by the key vendors. The electric and hybrid aircraft propulsion system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Airbus.com - The company offers electric and hybrid aircraft propulsion systems such as Airbus E Fan X.
  • Ge.com - The company offers electric and hybrid aircraft propulsion systems such as CT7 9B turboprop.
  • Honeywell.com - The company offers electric and hybrid aircraft propulsion systems such as DENSO Electric Aircraft Motors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric and hybrid aircraft propulsion system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric and Hybrid Aircraft Propulsion System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric and hybrid aircraft propulsion system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric and Hybrid Aircraft Propulsion System Market?

Electric and Hybrid Aircraft Propulsion System Market Market segmentation by region

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46% of the market's growth will originate from Europe during the forecast period. France, Germany, and Slovenia are the key markets for electric and hybrid aircraft propulsion systems in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Increased collaboration between some of the most prominent global players will facilitate the electric and hybrid aircraft propulsion system market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Electric and Hybrid Aircraft Propulsion System Market?

Electric and Hybrid Aircraft Propulsion System Market Segmentation

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The electric and hybrid aircraft propulsion system market share growth by the hybrid powertrain segment will be significant during the forecast period. A hybrid powertrain will provide significant opportunities within the global electric and hybrid aircraft propulsion system as it will contribute the highest to the incremental growth in the overall market between 2021 and 2026. For instance, Siemens and Pipistrel collaborated to develop a hybrid powertrain called Hypstair. The system is designed to produce 200kW of power by using multiple power inverters and is capable of a triple mode operation: battery-powered, generator-powered, and a combination of the two. Such developments in hybrid powertrain may fuel the hybrid aircraft propulsion system market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric and hybrid aircraft propulsion system market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric and Hybrid Aircraft Propulsion System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.03%

Market growth 2022-2026

$ 12.1 million

Market structure

Fragmented

YoY growth (%)

5.56

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 46%

Key consumer countries

US, China, France, Germany, and Slovenia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, Eviation Aircraft, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., MagniX, PIPISTREL doo, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rotex Electric, Safran SA, Siemens AG, The Boeing Co., and Joby Aviation Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Electric and Hybrid Aircraft Propulsion System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric and hybrid aircraft propulsion system market growth during the next five years
  • Precise estimation of the electric and hybrid aircraft propulsion system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric and hybrid aircraft propulsion system industry across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric and hybrid aircraft propulsion system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Technology

    • 5.1 Market segments
      • Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
    • 5.2 Comparison by Technology
      • Exhibit 26: Chart on Comparison by Technology
      • Exhibit 27: Data Table on Comparison by Technology
    • 5.3 Hybrid powertrain - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hybrid powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hybrid powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hybrid powertrain - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hybrid powertrain - Year-over-year growth 2021-2026 (%)
    • 5.4 All-electric powertrain - Market size and forecast 2021-2026
      • Exhibit 32: Chart on All-electric powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on All-electric powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on All-electric powertrain - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on All-electric powertrain - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Technology
      • Exhibit 36: Market opportunity by Technology ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 France - Market size and forecast 2021-2026
      • Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Slovenia - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Slovenia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Slovenia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Slovenia - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Slovenia - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Airbus SE
              • Exhibit 89: Airbus SE - Overview
              • Exhibit 90: Airbus SE - Business segments
              • Exhibit 91: Airbus SE - Key news
              • Exhibit 92: Airbus SE - Key offerings
              • Exhibit 93: Airbus SE - Segment focus
            • 10.4 General Electric Co.
              • Exhibit 94: General Electric Co. - Overview
              • Exhibit 95: General Electric Co. - Business segments
              • Exhibit 96: General Electric Co. - Key news
              • Exhibit 97: General Electric Co. - Key offerings
              • Exhibit 98: General Electric Co. - Segment focus
            • 10.5 Honeywell International Inc.
              • Exhibit 99: Honeywell International Inc. - Overview
              • Exhibit 100: Honeywell International Inc. - Business segments
              • Exhibit 101: Honeywell International Inc. - Key news
              • Exhibit 102: Honeywell International Inc. - Key offerings
              • Exhibit 103: Honeywell International Inc. - Segment focus
            • 10.6 Israel Aerospace Industries Ltd.
              • Exhibit 104: Israel Aerospace Industries Ltd. - Overview
              • Exhibit 105: Israel Aerospace Industries Ltd. - Product / Service
              • Exhibit 106: Israel Aerospace Industries Ltd. - Key news
              • Exhibit 107: Israel Aerospace Industries Ltd. - Key offerings
            • 10.7 Leonardo Spa
              • Exhibit 108: Leonardo Spa - Overview
              • Exhibit 109: Leonardo Spa - Business segments
              • Exhibit 110: Leonardo Spa - Key news
              • Exhibit 111: Leonardo Spa - Key offerings
              • Exhibit 112: Leonardo Spa - Segment focus
            • 10.8 Lockheed Martin Corp.
              • Exhibit 113: Lockheed Martin Corp. - Overview
              • Exhibit 114: Lockheed Martin Corp. - Business segments
              • Exhibit 115: Lockheed Martin Corp. - Key news
              • Exhibit 116: Lockheed Martin Corp. - Key offerings
              • Exhibit 117: Lockheed Martin Corp. - Segment focus
            • 10.9 Raytheon Technologies Corp.
              • Exhibit 118: Raytheon Technologies Corp. - Overview
              • Exhibit 119: Raytheon Technologies Corp. - Business segments
              • Exhibit 120: Raytheon Technologies Corp. - Key news
              • Exhibit 121: Raytheon Technologies Corp. - Key offerings
              • Exhibit 122: Raytheon Technologies Corp. - Segment focus
            • 10.10 Rolls Royce Holdings Plc
              • Exhibit 123: Rolls Royce Holdings Plc - Overview
              • Exhibit 124: Rolls Royce Holdings Plc - Business segments
              • Exhibit 125: Rolls Royce Holdings Plc - Key news
              • Exhibit 126: Rolls Royce Holdings Plc - Key offerings
              • Exhibit 127: Rolls Royce Holdings Plc - Segment focus
            • 10.11 Safran SA
              • Exhibit 128: Safran SA - Overview
              • Exhibit 129: Safran SA - Business segments
              • Exhibit 130: Safran SA - Key news
              • Exhibit 131: Safran SA - Key offerings
              • Exhibit 132: Safran SA - Segment focus
            • 10.12 The Boeing Co.
              • Exhibit 133: The Boeing Co. - Overview
              • Exhibit 134: The Boeing Co. - Business segments
              • Exhibit 135: The Boeing Co. - Key news
              • Exhibit 136: The Boeing Co. - Key offerings
              • Exhibit 137: The Boeing Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Electric and Hybrid Aircraft Propulsion System Market market growth will increase by $12.1 mn during 2022-2026.
              The electric and hybrid aircraft propulsion system market market is expected to grow at a CAGR of 5.03% during 2022-2026.
              Technavio has segmented the electric and hybrid aircraft propulsion system market market by technology (Hybrid powertrain and All-electric powertrain) and geography (Europe, North America, APAC, Middle East and Africa, and South America).
              Airbus SE, Bye Aerospace, Cranfield Aerospace Solutions Ltd., Elektra Solar GmbH, Eviation Aircraft, General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lange Aviation GmbH, Leonardo Spa, Lockheed Martin Corp., MagniX, PIPISTREL doo, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rotex Electric, Safran SA, Siemens AG, The Boeing Co., Joby Aviation Inc. are a few of the key vendors in the electric and hybrid aircraft propulsion system market market.
              Europe will register the highest growth rate of 46% among the other regions. Therefore, the electric and hybrid aircraft propulsion system market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric and hybrid aircraft propulsion system market market growth are:
              • Growing demand for light and ultralight electric aircraft
              • Use of advanced techniques for aircraft construction
              The electric and hybrid aircraft propulsion system market market vendors should focus on grabbing business opportunities from the hybrid powertrain segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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