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Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Moto...

Publisher:        MarketsandMarkets

# of Pages:        194

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1 User License $4,950

Publication Date:  October, 2021

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1 INTRODUCTION 25
1.1 OBJECTIVES OF THE STUDY 25
1.2 MARKET DEFINITION 25
1.3 MARKET SCOPE 26
1.3.1 MARKETS COVERED 26
FIGURE 1 ELECTRIC AIRCRAFT MARKET SEGMENTATION 26
1.3.2 YEARS CONSIDERED FOR THE STUDY 26
1.4 INCLUSIONS AND EXCLUSIONS 27
TABLE 1 INCLUSIONS AND EXCLUSIONS IN THE ELECTRIC AIRCRAFT MARKET 27
1.5 CURRENCY & PRICING 27
1.6 LIMITATIONS 27
1.7 MARKET STAKEHOLDERS 28
1.8 SUMMARY OF CHANGES 28
FIGURE 2 ELECTRIC AIRCRAFT MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES 28
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 3 REPORT PROCESS FLOW 30
FIGURE 4 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 31
2.1.2 PRIMARY DATA 32
2.1.2.1 Key primary insights 32
2.1.2.2 Key primary sources 32
2.2 MARKET SIZE ESTIMATION 33
2.2.1 SEGMENTS AND SUBSEGMENTS 33
2.3 RESEARCH APPROACH & METHODOLOGY 34
2.3.1 BOTTOM-UP APPROACH (DEMAND SIDE) 34
2.3.2 ELECTRIC AIRCRAFT MARKET 34
FIGURE 5 MARKET SIZE CALCULATION 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE) 35
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE) 35
2.3.3 TOP-DOWN APPROACH 35
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 35
2.4 TRIANGULATION & VALIDATION 36
FIGURE 9 DATA TRIANGULATION 36
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 37
2.5 GROWTH RATE FACTORS 37
2.6 ASSUMPTIONS FOR THE RESEARCH STUDY 37
2.7 RISKS 37
3 EXECUTIVE SUMMARY 38
FIGURE 10 BATTERIES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF ELECTRIC AIRCRAFT MARKET IN 2021 38
FIGURE 11 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021 39
FIGURE 12 MILITARY SEGMENT ESTIMATED TO ACCOUNT FOR A LARGER SHARE OF ELECTRIC AIRCRAFT MARKET IN 2021 39
FIGURE 13 ELECTRIC AIRCRAFT MARKET IN NORTH AMERICA EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 40
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE ELECTRIC AIRCRAFT MARKET 41
FIGURE 14 THE GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT IS EXPECTED TO DRIVE THE MARKET FROM 2O21 TO 2030 41
4.2 ELECTRIC AIRCRAFT MARKET, BY PLATFORM 41
FIGURE 15 LIGHT & ULTRALIGHT AIRCRAFT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030 41
4.3 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY 42
FIGURE 16 VTOL SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030 42
4.4 ELECTRIC AIRCRAFT MARKET, BY COUNTRY 42
FIGURE 17 ELECTRIC UAVS SEGMENT OF ELECTRIC AIRCARFT MARKET IN CANADA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2030 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
5.2.1 DRIVERS 43
5.2.1.1 Growing need for cleaner and quieter aircraft 43
5.2.1.2 Advances in batteries, electric motors, and power electronics 44
5.2.1.3 Rise in demand for unmanned aerial vehicles 44
5.2.2 RESTRAINTS 45
5.2.2.1 Increased aircraft weight due to heavy batteries 45
5.2.2.2 High voltage and thermal issues 45
5.2.3 OPPORTUNITIES 45
5.2.3.1 Emergence of advanced air mobility 45
5.2.3.2 Use of all-electric aircraft for logistics 46
5.2.4 CHALLENGES 46
5.2.4.1 Development of batteries having higher energy densities 46
5.2.4.2 Battery recharging infrastructure at airports 46
5.2.4.3 Designing all-electric manned aircraft 47
5.2.4.4 Ensuring airworthiness of electric aircraft 47
5.3 RANGE AND SCENARIOS 48
5.4 COVID-19 IMPACT ANALYSIS 49
5.5 PORTER’S FIVE FORCES ANALYSIS 49
TABLE 2 PORTER’S FIVE FORCES ANALYSIS 49
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS 50
5.5.1 THREAT OF NEW ENTRANTS 50
5.5.2 THREAT OF SUBSTITUTES 50
5.5.3 BARGAINING POWER OF SUPPLIERS 51
5.5.4 BARGAINING POWER OF BUYERS 51
5.5.5 COMPETITION IN THE INDUSTRY 51
5.6 VALUE CHAIN ANALYSIS 52
5.6.1 RAW MATERIALS 52
5.6.2 R&D 52
5.6.3 COMPONENT MANUFACTURING 53
5.6.4 OEMS 53
5.6.5 END USERS 53
5.6.6 AFTER-SALES SERVICES 53
5.7 MARKET ECOSYSTEM MAP 53
5.7.1 PROMINENT COMPANIES 54
5.7.2 PRIVATE AND SMALL ENTERPRISES 54
5.7.3 END USERS 54
5.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 55
5.9 TRADE DATA ANALYSIS 55
TABLE 3 TRADE DATA TABLE FOR ELECTRIC AIRCRAFT MARKET 55
5.10 TECHNOLOGY ANALYSIS 56
5.10.1 LITHIUM-SULFUR BATTERIES 56
5.10.2 HYDROGEN FUEL CELLS 57
5.11 TARIFF AND REGULATORY LANDSCAPE 57
5.11.1 THE EUROPEAN AVIATION SAFETY AGENCY FRAMEWORK FOR VTOL AIRCRAFT 57
5.11.2 FEDERAL AVIATION ADMINISTRATION RULES FOR UNMANNED AIRCRAFT SYSTEM 57
5.11.3 FEDERAL AVIATION ADMINISTRATION (FAA) GUIDELINES FOR ELECTRIC MOTORS IN AIRCRAFT 57
5.12 AVERAGE SELLING PRICE 58
TABLE 4 AVERAGE SELLING PRICE: ELECTRIC AIRCRAFT, BY TYPE (USD MILLION) 58
5.13 VOLUME DATA 58
TABLE 5 ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS) 58
TABLE 6 ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS) 59
 
6 INDUSTRY TRENDS 60
6.1 INTRODUCTION 60
6.1.1 URBAN AIR MOBILITY 61
6.1.2 ENERGY HARVESTING 61
6.1.3 HIGH POWER BATTERIES AND MOTORS 61
6.2 CASE STUDY ANALYSIS 62
6.2.1 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI 62
6.2.2 EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE 62
6.2.3 EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM 62
6.2.4 ROLLS ROYCE’S FIRST ALL ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT 62
6.3 INNOVATION & PATENT ANALYSIS 63
6.4 IMPACT OF MEGATREND 64
7 ELECTRIC AIRCRAFT MARKET, BY PLATFORM 65
7.1 INTRODUCTION 66
FIGURE 19 THE LIGHT & ULTRALIGHT SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 66
TABLE 7 ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 66
TABLE 8 ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 66
7.2 REGIONAL TRANSPORT AIRCRAFT 67
7.2.1 THE INCREASING NEED FOR COST-EFFECTIVE SHORT-HAUL AIRLINERS IS EXPECTED TO FUEL THE GROWTH OF THIS SEGMENT 67
7.3 BUSINESS JETS 67
7.3.1 INCREASED CORPORATE ACTIVITIES AND THE NEED FOR AIRCRAFT WITH LOW CARBON FOOTPRINTS GLOBALLY TO DRIVE THE DEMAND FOR THESE JETS 67
7.4 LIGHT &ULTRALIGHT AIRCRAFT 67
TABLE 9 LIGHT & ULTRLIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION) 67
TABLE 10 LIGHT & ULTRLIGHT ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION) 68
7.4.1 GENERAL AIRCRAFT 68
7.4.1.1 Developments in the electric propulsion of general aircraft are expected to drive this segment 68
7.4.2 TRAINER AIRCRAFT 68
7.4.2.1 Short takeoff and landing capability is driving the trainer aircraft segment 68
7.4.3 UAVS 68
7.4.3.1 Low noise footprint of electric UAVs fuel their adoption in civil and military applications 68
7.4.4 ADVANCED AIR MOBILITY 69
7.4.4.1 Electrical eVTOLs are used majorly in AAM applications 69
 
8 ELECTRIC AIRCRAFT MARKET, BY TYPE 70
8.1 INTRODUCTION 71
FIGURE 20 THE HYBRID WING SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 71
TABLE 11 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION) 71
TABLE 12 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION) 71
8.2 FIXED WING 72
8.2.1 FIXED WING ELECTRIC AIRCRAFT ARE WITNESSING ADOPTION FOR COMMERCIAL PASSENGER TRANSPORTATION 72
8.3 ROTARY WING 72
8.3.1 ROTARY WING ELECTRIC AIRCRAFT ARE ADOPTED FOR URBAN AIR MOBILITY 72
8.4 HYBRID WING 72
8.4.1 MISSION COMPLEXITY AND CONGESTED AIR TRAFFIC ARE FUELING THE GROWTH OF HYBRID WING AIRCRAFT 72
9 ELECTRIC AIRCRAFT MARKET, BY SYSTEM 73
9.1 INTRODUCTION 74
FIGURE 21 THE BATTERIES SEGMENT IS PROJECTED TO LEAD THE ELECTRIC AIRCRAFT MARKET DURING THE FORECAST PERIOD 74
TABLE 13 ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 74
TABLE 14 ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2021–2030 (USD MILLION) 75
9.2 BATTERIES 75
9.2.1 ADVANCEMENTS IN BATTERY POWER DENSITY WOULD BE THE DRIVING FACTOR FOR THIS SEGMENT 75
9.3 ELECTRIC MOTORS 75
9.3.1 ELECTRIC MOTORS PROVIDE BETTER POWER TO WEIGHT RATIO OF AIRCRAFT 75
9.4 AEROSTRUCTURES 76
9.4.1 ADVANCED AEROSTRUCTURES HELP ENHANCE AIRCRAFT PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS 76
9.5 AVIONICS 76
9.5.1 URBAN AIR MOBILITY AIRCRAFT ENCOURAGING ADVANCEMENTS IN AVIONICS SYSTEMS 76
9.6 SOFTWARE 76
9.6.1 ADVANCED SOFTWARE SYSTEMS ARE REQUIRED TO RUN COMPLICATED SYSTEMS OF URBAN AIR MOBILITY AIRCRAFT 76
9.7 OTHERS 77
10 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY 78
10.1 INTRODUCTION 79
FIGURE 22 VTOL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 79
TABLE 15 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 79
TABLE 16 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 79
10.2 CTOL 80
10.2.1 INCREASING DEVELOPMENTS IN BUSINESS JET AND REGIONAL TRANSPORT AIRCRAFT WILL DRIVE THIS SEGMENT 80
10.3 STOL 80
10.3.1 INCREASING DEVELOPMENTS IN HYBRID WING AIRCRAFT IS EXPECTED TO FUEL THE GROWTH OF THE STOL SEGMENT 80
10.4 VTOL 80
10.4.1 LARGE DEPLOYMENT OF VTOL AIRCARFT FOR AIR TAXI AND EMS SERVICES WILL DRIVE THIS SEGMENT 80
11 ELECTRIC AIRCRAFT MARKET, BY APPLICATION 81
11.1 INTRODUCTION 82
FIGURE 23 THE CIVIL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 82
TABLE 17 ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 82
TABLE 18 ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 82
11.2 CIVIL 83
11.2.1 INCREASING DEVELOPMENTS IN URBAN MOBILITY APPLICATIONS WILL DRIVE THIS SEGMENT 83
11.3 MILITARY 83
11.3.1 THE NEED FOR LOW NOISE ISR MISSIONS WILL BOOST THE MILITARY SEGMENT 83
12 REGIONAL ANALYSIS 84
12.1 INTRODUCTION 85
FIGURE 24 ELECTRIC AIRCRAFT MARKET: REGIONAL SNAPSHOT 85
12.2 IMPACT OF COVID-19 ON THE ELECTRIC AIRCRAFT MARKET 85
TABLE 19 ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 86
TABLE 20 ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2021–2030 (USD MILLION) 86
12.3 NORTH AMERICA 87
FIGURE 25 NORTH AMERICA ELECTRIC AIRCRAFT MARKET SNAPSHOT 87
12.3.1 PESTLE ANALYSIS: NORTH AMERICA 88
TABLE 21 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 89
TABLE 22 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 89
TABLE 23 NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 89
TABLE 24 NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION) 90
TABLE 25 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION) 90
TABLE 26 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION) 90
12.3.2 US 91
12.3.2.1 Presence of leading OEMs expected to drive the market 91
TABLE 27 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 91
TABLE 28 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 91
12.3.3 CANADA 91
12.3.3.1 Aircraft modernization programs expected to drive the market 91
TABLE 29 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 92
TABLE 30 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 92
12.4 ASIA PACIFIC 92
FIGURE 26 ASIA PACIFIC ELECTRIC AIRCRAFT MARKET SNAPSHOT 93
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC 93
TABLE 31 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 94
TABLE 32 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 94
TABLE 33 ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 95
TABLE 34 ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION) 95
TABLE 35 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION) 95
TABLE 36 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION) 96
12.4.2 CHINA 96
12.4.2.1 Increasing demand for ecofriendly commercial aircraft to drive the market 96
TABLE 37 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 96
TABLE 38 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 96
12.4.3 INDIA 97
12.4.3.1 Increased spending for the modernization of armed forces is expected to drive the market 97
TABLE 39 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 97
TABLE 40 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 97
12.4.4 JAPAN 97
12.4.4.1 Increasing in-house development of aircraft to drive the market 97
TABLE 41 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 98
TABLE 42 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 98
12.4.5 AUSTRALIA 98
12.4.5.1 Increase in usage of military and commercial drones to drive the market 98
TABLE 43 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 98
TABLE 44 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION) 99
12.4.6 SOUTH KOREA 99
12.4.6.1 Modernization programs in the aviation industry expected to drive the market 99
TABLE 45 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 99
TABLE 46 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION) 99
12.4.7 REST OF ASIA PACIFIC 100
12.4.7.1 Increasing investment in UAM projects as well as military spending 100
TABLE 47 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 100
TABLE 48 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION) 100
12.5 EUROPE 101
FIGURE 27 EUROPE ELECTRIC AIRCRAFT MARKET SNAPSHOT 101
12.5.1 PESTLE ANALYSIS: EUROPE 102
TABLE 49 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 103
TABLE 50 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 103
TABLE 51 EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 104
TABLE 52 EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION) 104
TABLE 53 EUROPE: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION) 104
TABLE 54 EUROPE: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–203O (USD MILLION) 104
12.5.2 UK 105
12.5.2.1 Technological advancements in air travel to drive the market 105
TABLE 55 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 105
TABLE 56 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 105
12.5.3 FRANCE 105
12.5.3.1 Significant investments in aerospace to drive the market 105
TABLE 57 FRANCE: ELECTRIC UAVS MARKET, BY TYPE, 2017–2020 (USD MILLION) 106
TABLE 58 FRANCE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 106
12.5.4 GERMANY 106
12.5.4.1 Rising investments in air travel and connectivity to drive the market 106
TABLE 59 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 106
TABLE 60 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION) 107
12.5.5 ITALY 107
12.5.5.1 Projects related to energy-efficient air freight and passenger transportation will boost the regional market 107
TABLE 61 ITALY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 107
TABLE 62 ITALY: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION) 107
12.5.6 RUSSIA 108
12.5.6.1 Increase in the military budget to manufacture advanced aircraft expected to drive the market 108
TABLE 63 RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 108
TABLE 64 RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 108
12.5.7 REST OF EUROPE 108
TABLE 65 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 109
TABLE 66 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION) 109
12.6 MIDDLE EAST 109
12.6.1 PESTLE ANALYSIS: MIDDLE EAST 109
TABLE 67 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 110
TABLE 68 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 111
TABLE 69 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 111
TABLE 70 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION) 111
TABLE 71 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION) 111
TABLE 72 MIDDLE EAST: LIGHT & ULTRALIGHT AIRCRAFT MARKET, TYPE,
2021–2030 (USD MILLION) 112
12.6.2 ISRAEL 112
12.6.2.1 Increased spending on R&D for UAVs for military and commercial applications to drive the market 112
TABLE 73 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 112
TABLE 74 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 113
12.6.3 UAE 113
12.6.3.1 An increase in commercial electric air taxi initiatives will drive this region 113
TABLE 75 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 113
TABLE 76 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 113
12.6.4 SAUDI ARABIA 114
12.6.4.1 High military expenditure expected to drive the market 114
TABLE 77 SAUDI ARABIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 114
TABLE 78 SAUDI ARABIA: ELECTRIC AIRCRAFT MARKET, LIGHT & ULTRALIGHT AIRCRAFT, BY UAVS, 2021–2030 (USD MILLION) 114
12.6.5 TURKEY 114
12.6.5.1 Increasing military spending expected to drive the market 114
TABLE 79 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 115
TABLE 80 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 115
12.6.6 REST OF MIDDLE EAST 115
12.6.6.1 Increasing spending in military UAVs to drive the market 115
TABLE 81 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 115
TABLE 82 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, SUBTYPE,
2021–2030 (USD MILLION) 116
 
12.7 LATIN AMERICA 116
12.7.1 PESTLE ANALYSIS: LATIN AMERICA 116
TABLE 83 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 117
TABLE 84 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 117
TABLE 85 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 117
TABLE 86 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION) 118
TABLE 87 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION) 118
TABLE 88 LATIN AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION) 118
12.7.2 BRAZIL 119
12.7.2.1 Brail to witness air taxi services by Airbus for intercity and intracity travel to reduce travel time 119
TABLE 89 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 119
TABLE 90 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION) 119
12.7.3 MEXICO 119
12.7.3.1 Presence of renowned OEMs lay the foundation for more efficient and sustainable city travel 119
TABLE 91 MEXICO: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION) 120
TABLE 92 MEXICO: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION) 120
12.7.4 REST OF LATIN AMERICA 120
TABLE 93 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION) 120
TABLE 94 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET,
2021–2030 (USD MILLION) 120
12.8 AFRICA 121
TABLE 95 AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 121
TABLE 96 AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 121
TABLE 97 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION) 121
TABLE 98 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION) 122
13 COMPETITIVE LANDSCAPE 123
13.1 INTRODUCTION 123
13.2 MARKET SHARE ANALYSIS, 2020 123
TABLE 99 DEGREE OF COMPETITION 123
FIGURE 28 MARKET SHARE OF TOP PLAYERS IN THE ELECTRIC AIRCRAFT MARKET,
2019 (%) 124
13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 125
13.4 COMPANY EVALUATION QUADRANT 125
13.4.1 STAR 125
13.4.2 EMERGING LEADER 125
13.4.3 PERVASIVE 125
13.4.4 PARTICIPANT 125
FIGURE 29 ELECTRIC AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020 126
13.5 STARTUPS/SME EVALUATION QUADRANT 127
13.5.1 PROGRESSIVE COMPANIES 127
13.5.2 RESPONSIVE COMPANIES 127
13.5.3 DYNAMIC COMPANIES 127
13.5.4 STARTING BLOCKS 127
FIGURE 30 AIRCRAFT ELECTRIC MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020 128
TABLE 100 COMPANY PRODUCT FOOTPRINT 129
TABLE 101 COMPANY APPLICATION FOOTPRINT 130
TABLE 102 COMPANY RANGE FOOTPRINT 131
TABLE 103 COMPANY SUB-SYSTEM FOOTPRINT 132
TABLE 104 COMPANY REGION FOOTPRINT 133
13.6 COMPETITIVE SCENARIO 134
13.6.1 DEALS 134
TABLE 105 DEALS, 2017–2021 134
13.6.2 PRODUCT LAUNCHES 141
TABLE 106 PRODUCT LAUNCHES, 2017–2021 141
13.6.3 OTHERS 141
TABLE 107 OTHERS, 2017–2021 141
14 COMPANY PROFILES 143
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 KEY PLAYERS 143
14.1.1 AIRBUS SE 143
TABLE 108 AIRBUS SE: BUSINESS OVERVIEW 143
FIGURE 31 AIRBUS SE.: COMPANY SNAPSHOT 144
TABLE 109 AIRBUS SE.: DEALS 145
14.1.2 ELBIT SYSTEMS LTD. 147
TABLE 110 ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW 147
FIGURE 32 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT 148
TABLE 111 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 148
TABLE 112 ELBIT SYSTEMS LTD.: NEW PRODUCT DEVELOPMENTS 149
TABLE 113 ELBIT SYSTEMS LTD.: DEALS 150
14.1.3 AEROVIRONMENT, INC. 152
TABLE 114 AEROVIRONMENT, INC.: BUSINESS OVERVIEW 152
FIGURE 33 AEROVIRONMENT, INC.: COMPANY SNAPSHOT 152
TABLE 115 AEROVIRONMENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 153
TABLE 116 AEROVIRONMENT, INC.: DEALS 153
14.1.4 ECA GROUP 155
TABLE 117 ECA GROUP: BUSINESS OVERVIEW 155
FIGURE 34 ECA GROUP: COMPANY SNAPSHOT 155
TABLE 118 ECA GROUP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 156
14.1.5 EHANG HOLDINGS LTD. 157
TABLE 119 EHANG HOLDINGS LTD.: BUSINESS OVERVIEW 157
FIGURE 35 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT 157
TABLE 120 EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
14.1.6 ISRAEL AEROSPACE INDUSTRIES 160
TABLE 121 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW 160
FIGURE 36 ISRAEL AEROSPACE INDUSTRIES.: COMPANY SNAPSHOT 160
TABLE 122 ISRAEL AEROSPACE INDUSTRIES PRODUCTS/SOLUTIONS/SERVICES OFFERED 161
14.1.7 EMBRAER SA 162
TABLE 123 EMBRAER SA: BUSINESS OVERVIEW 162
FIGURE 37 EMBRAER SA: COMPANY SNAPSHOT 162
TABLE 124 EMBRAER SA PRODUCTS/SOLUTIONS/SERVICES OFFERED 163
TABLE 125 EMBRAER SA: DEALS 163
14.1.8 PIPISTREL 164
TABLE 126 PIPISTREL: BUSINESS OVERVIEW 164
TABLE 127 PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED 164
TABLE 128 PIPISTREL: DEALS 165
14.1.9 EVIATION AIRCRAFT 166
TABLE 129 EVIATION AIRCRAFT: BUSINESS OVERVIEW 166
TABLE 130 EVIATION AIRCRAFT PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
TABLE 131 EVIATION AIRCRAFT: DEALS 166
14.1.10 LILIUM GMBH 168
TABLE 132 LILIUM GMBH: BUSINESS OVERVIEW 168
TABLE 133 LILIUM GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
TABLE 134 LILIUM GMBH: DEALS 169
14.1.11 JOBY AVIATION, INC 170
TABLE 135 JOBY AVIATION, INC: BUSINESS OVERVIEW 170
TABLE 136 JOBY AVIATION, INC PRODUCTS/SOLUTIONS/SERVICES OFFERED 170
TABLE 137 JOBY AVIATION, INC: DEALS 171
14.1.12 ARCHER AVIATION INC. 172
TABLE 138 ARCHER AVIATION INC.: BUSINESS OVERVIEW 172
TABLE 139 ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
TABLE 140 ARCHER AVIATION INC.: DEALS 173
14.1.13 VOLOCOPTER GMBH 174
TABLE 141 VOLOCOPTER GMBH: BUSINESS OVERVIEW 174
TABLE 142 VOLOCOPTER GMBH PRODUCTS/SOLUTIONS/SERVICES OFFERED 174
TABLE 143 VOLOCOPTER GMBH.: DEALS 175
14.1.14 SZ DJI TECHNOLOGY CO., LTD. 177
TABLE 144 SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW 177
TABLE 145 SZ DJI TECHNOLOGY CO., LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
14.1.15 YUNEEC INTERNATIONAL 179
TABLE 146 YUNEEC INTERNATIONAL: BUSINESS OVERVIEW 179
TABLE 147 YUNEEC INTERNATIONAL PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 148 YUNEEC INTERNATIONAL DEALS 180
14.1.16 AURORA FLIGHT SCIENCES 181
TABLE 149 AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW 181
TABLE 150 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 151 AURORA FLIGHT SCIENCES: DEALS 182
14.1.17 VERTICAL AEROSPACE GROUP LTD. 183
TABLE 152 VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW 183
TABLE 153 VERTICAL AEROSPACE GROUP LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED 183
TABLE 154 VERTICAL AEROSPACE GROUP LTD. DEALS 184
14.1.18 HEART AEROSPACE 185
TABLE 155 HEART AEROSPACE: BUSINESS OVERVIEW 185
TABLE 156 HEART AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 157 HEART AEROSPACE DEALS 186
14.2 OTHER PLAYERS 187
14.2.1 WRIGHT ELECTRIC, INC 187
14.2.2 BYE AEROSPACE 187
14.2.3 BETA TECHNOLOGIES 188
14.2.4 DELOREAN AEROSPACE 188
14.2.5 ELECTRIC AIRCRAFT CORPORATION 189
14.2.6 EXTRA AIRCRAFT 189
14.2.7 WISK AERO LLC. 190
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX 191
15.1 DISCUSSION GUIDE 191
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 194
15.3 AVAILABLE CUSTOMIZATION 196
15.4 RELATED REPORTS 196
15.5 AUTHOR DETAILS 197

Military Simulation and Training Market by Application (Army, Aviation, Naval), Type (Live, Virtual, Constructive), Platform (Land, Maritime, Airborne...

Publisher:        MarketsandMarkets

# of Pages:        258

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1 User License $4,950

Publication Date:  April, 2022

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1 INTRODUCTION 41
1.1 OBJECTIVES OF THE STUDY 41
1.2 MARKET DEFINITION 41
1.3 STUDY SCOPE 42
FIGURE 1 MILITARY SIMULATION AND TRAINING SEGMENTATION 42
1.3.1 REGIONAL SCOPE 42
1.3.2 YEARS CONSIDERED FOR STUDY 43
1.4 CURRENCY & PRICING 43
1.5 USD EXCHANGE RATES 43
1.6 LIMITATIONS 44
1.7 INCLUSIONS & EXCLUSIONS 44
1.8 MARKET STAKEHOLDERS 45
1.9 SUMMARY OF CHANGES 45
2 RESEARCH METHODOLOGY 46
2.1 RESEARCH DATA 46
FIGURE 2 MILITARY SIMULATION AND TRAINING MARKET: RESEARCH FLOW 46
FIGURE 3 MILITARY SIMULATION AND TRAINING MARKET: RESEARCH DESIGN 47
2.1.1 SECONDARY DATA 47
2.1.1.1 Key data from secondary sources 48
2.1.1.2 Key data from primary sources 48
2.1.2 PRIMARY DATA 49
2.1.2.1 Key data from primary sources 49
2.2 FACTOR ANALYSIS 49
2.2.1 INTRODUCTION 49
2.2.2 DEMAND-SIDE INDICATORS 50
2.2.2.1 Increase in conflicts and disputes globally 50
2.2.2.2 Rise in defense budgets of emerging economies 50
2.2.3 SUPPLY-SIDE INDICATORS 51
2.2.3.1 Financial trends of major US defense contractors 51
2.2.4 SEGMENT DEFINITIONS 51
2.2.4.1 Military simulation and training market, by type 51
2.2.4.2 Military simulation and training market, by technology 51
2.2.4.3 Military simulation and training market, by solution 51
2.2.4.4 Military simulation and training market, by platform 51
2.2.4.5 Military simulation and training market, by application 51
2.2.4.6 Military simulation and training market, by environment 51
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 52
2.3 RESEARCH APPROACH & METHODOLOGY 52
2.3.1 BOTTOM-UP APPROACH 52
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 53
2.3.2 TOP-DOWN APPROACH 53
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 53
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 53
FIGURE 7 DATA TRIANGULATION 54
FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY 55
2.5 RISK ANALYSIS 55
3 EXECUTIVE SUMMARY 56
FIGURE 9 AVIATION SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD 56
FIGURE 10 LAND SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECASTED YEAR 57
FIGURE 11 VIRTUAL SEGMENT PROJECTED TO HAVE LARGEST SHARE DURING FORECAST PERIOD 57
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES IN MILITARY SIMULATION AND TRAINING MARKET,
2022–2027 58
FIGURE 12 INCREASING ADOPTION OF NEWER MILITARY AIRCRAFT SIMULATORS 58
4.2 MILITARY SIMULATION AND TRAINING MARKET, BY AIRBORNE PLATFORM 58
FIGURE 13 FIGHTER AIRCRAFT SIMULATORS TO BE IN GREATER DEMAND IN UPCOMING YEARS 58
4.3 MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY 59
FIGURE 14 MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 59
4.4 MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION TYPE 59
FIGURE 15 SOFTWARE SEGMENT TO ACCOUNT HIGHEST CAGR DURING FORECAST PERIOD 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 16 MILITARY SIMULATION AND TRAINING: MARKET DYNAMICS 60
5.2.1 DRIVERS 61
5.2.1.1 Acceptance of virtual pilot training to ensure aviation safety 61
FIGURE 17 GLOBAL MILITARY AIRCRAFT ACCIDENT, 2016—2021 61
5.2.1.2 Need for cost-cutting technique in pilot training 61
FIGURE 18 COMPARISON BETWEEN REAL-TIME AND SIMULATOR-BASED TRAINING BY TOP AIRCRAFT 62
5.2.1.3 Reduction in military budgets of developed economies 62
FIGURE 19 INCREASE/DECREASE IN MILITARY SPENDING, BY REGION 62
5.2.2 RESTRAINTS 63
5.2.2.1 Longer product lifecycle 63
5.2.2.2 Lack of interoperability 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Development of simulators for unmanned aerial systems (UAS) 63
FIGURE 20 REGION-WISE UAS DEVELOPMENT FUNDING, 2018 63
5.2.3.2 Simulators for air accident investigation 64
5.2.4 CHALLENGES 64
5.2.4.1 Stringent regulatory approvals 64
5.2.4.2 Minimization of weight and size to maintain advanced features 64
5.3 RANGES AND SCENARIOS 65
FIGURE 21 IMPACT OF COVID-19 ON MILITARY SIMULATION AND TRAINING MARKET: 3 GLOBAL SCENARIOS 65
5.4 COVID-19 IMPACT ON MILITARY SIMULATION AND TRAINING MARKET 65
FIGURE 22 COVID-19 IMPACT ON MILITARY SIMULATION AND TRAINING MARKET 66
5.4.1 KEY DEVELOPMENTS FROM JANUARY 2018 TO JUNE 2021 66
TABLE 1 KEY DEVELOPMENTS IN MILITARY SIMULATION AND TRAINING MARKET, 2018-2021 66
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 67
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MILITARY SIMULATION AND TRAINING MARKET 67
FIGURE 23 REVENUE SHIFT IN MILITARY SIMULATION AND TRAINING MARKET 67
5.6 AVERAGE SELLING PRICE ANALYSIS OF MILITARY SIMULATION AND TRAINING, 2020 68
TABLE 2 AVERAGE SELLING PRICE ANALYSIS OF MILITARY SIMULATION AND TRAINING AND SUBSYSTEMS IN 2020 68
5.7 KEY CONFERENCES & EVENTS IN 2022-2023 68
TABLE 3 MILITARY SIMULATION AND TRAINING MARKET: DETAILED LIST OF CONFERENCES & EVENTS 68
5.8 MARKET ECOSYSTEM 68
5.8.1 PROMINENT COMPANIES 68
5.8.2 PRIVATE AND SMALL ENTERPRISES 69
5.8.3 END USERS 69
FIGURE 24 MILITARY SIMULATION AND TRAINING MARKET ECOSYSTEM MAP 69
TABLE 4 INDUSTRY TRENDS: MILITARY SIMULATION AND TRAINING MARKET ECOSYSTEM 69
5.9 TECHNOLOGY ANALYSIS 70
5.9.1 SMART SIMULATION WITH DIGITAL TWIN 70
5.9.2 SIMULATION IN IOT 71
5.9.3 SMART SIMULATION WITH AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR) 71
5.10 USE CASE ANALYSIS 71
5.10.1 USE CASE: REMOTELY COLLABORATING ON DEFENSE PROJECTS 71
5.10.2 USE CASE: MAINTAINING DEFENSE AND ENGINEERING EQUIPMENT 72
5.10.3 USE CASE: MILITARY VEHICLE SIMULATION AND TRAINING 72
5.10.4 USE CASE: MILITARY AIRCRAFT SIMULATION AND TRAINING 72
5.11 VALUE CHAIN ANALYSIS OF MILITARY SIMULATION AND TRAINING MARKET 73
FIGURE 25 VALUE CHAIN ANALYSIS 73
5.12 PORTER’S FIVE FORCES ANALYSIS 74
TABLE 5 MILITARY SIMULATION AND TRAINING MARKET: PORTER’S FIVE FORCES 74
5.12.1 THREAT OF NEW ENTRANTS 74
5.12.2 THREAT OF SUBSTITUTES 74
5.12.3 BARGAINING POWER OF SUPPLIERS 75
5.12.4 BARGAINING POWER OF BUYERS 75
5.12.5 DEGREE OF COMPETITION 75
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 76
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 76
FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS 76
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 76
5.13.2 BUYING CRITERIA 77
FIGURE 27 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 77
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 77
5.14 TARIFF AND REGULATORY LANDSCAPE 78
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
6 INDUSTRY TRENDS 80
6.1 INTRODUCTION 80
TABLE 8 MAPPING OF KEY SIMULATOR MANUFACTURERS AND THEIR CORE COMPETENCY AREAS 80
6.2 TECHNOLOGY TRENDS 81
6.2.1 HEPATIC TECHNOLOGY (3D TOUCH) 81
6.2.2 FULL COMBAT AND MISSION TRAINING IN DOME TRAINER ENVIRONMENT 81
6.2.3 STANDALONE BRIDGE SIMULATION CONSOLES (FLEXICON) 81
6.2.4 BLUEFIRE TECHNOLOGY 81
6.2.5 MARITIME MOVABLE DESKTOP AND ECDIS SIMULATORS 81
6.2.6 CAR LEARNING TO ACT (CARLA) 82
6.2.7 DESKTOP DRIVING SIMULATORS 82
6.2.8 SYNTHETIC TRAINING ENVIRONMENT 82
6.2.9 NIGHT VISION TRAINING SYSTEMS 82
6.2.10 REAL-TIME COMPUTER IMAGE GENERATION 82
6.2.11 OPTIMAL MOTION-CUEING TECHNOLOGY 83
6.2.12 RECONFIGURABLE FLIGHT SIMULATION AND TRAINING 83
6.2.13 GLADIATOR SIMULATION PROGRAMME 83
6.3 IMPACT OF MEGATRENDS 83
6.3.1 UNIFIED MILITARY SIMULATION AND TRAINING SYSTEM OPERATIONS WITH COLLABORATIVE COMBAT 83
6.3.2 ARTIFICIAL INTELLIGENCE ACROSS MILITARY SIMULATION AND TRAINING SYSTEM 84
6.4 INNOVATIONS AND PATENT REGISTRATIONS 84
TABLE 9 INNOVATIONS & PATENT REGISTRATIONS, (2016-2021) 84
7 MILITARY SIMULATION AND TRAINING MARKET, BY TYPE 86
7.1 INTRODUCTION 87
FIGURE 28 VIRTUAL TYPE SEGMENT EXPECTED TO HAVE GREATER MARKET SHARE IN FORECASTED YEAR 87
TABLE 10 MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 87
TABLE 11 MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 87
7.2 LIVE 88
7.2.1 INCREASING DEMAND FOR COMBAT TRAINING IN WAR ZONE TO DRIVE LIVE SEGMENT 88
7.3 VIRTUAL 88
7.3.1 TRAINING OF HIGH-COST EQUIPMENT TO LEAD VIRTUAL MARKET 88
7.4 CONSTRUCTIVE 88
7.4.1 BETTER TACTICAL TRAINING DEMAND WITH UNKOWN OUTCOMES TO BOOST CONSTRUCTIVE SEGMENT 88
8 MILITARY SIMULATION AND TRAINING MARKET, BY TECHNOLOGY 89
8.1 INTRODUCTION 90
8.2 ARTIFICIAL INTELLIGENCE 90
8.2.1 INCREASING USE OF ARTIFICIAL INTELLIGENCE IN MILITARY DEVICES EMBEDDED WITH MULTIPLE TECHNOLOGIES TO FUEL AI SEGMENT 90
8.3 3D PRINTING 90
8.3.1 REDUCED PRODUCTION COSTS FOR MANUFACTURING TOOLS AND ADDITIONAL DESIGN FLEXIBILITY TO ENHANCE 3D PRINTING 90
8.4 INTERNET OF THINGS 91
8.4.1 DEVELOPED NEW PREDICTIVE BATTLEFIELD ANALYTICS EXPECTED TO ESCALATE MARKET GROWTH 91
8.5 BIG DATA ANALYTICS 91
8.5.1 DEPLOYMENT OF MACHINE LEARNING AND BIG DATA TOOLS ACROSS VARIOUS DEFENSE PLATFORMS TO DRIVE MARKET GROWTH 91
8.6 ROBOTIC PROCESS AUTOMATION 92
8.6.1 INTEGRATION WITH EXISTING MILITARY APPLICATIONS AND IMPROVEMENT OF OUTCOMES DURING CRITICAL MISSIONS TO INCREASE MARKET GROWTH 92
8.7 CLOUD COMPUTING & MASTER DATA MANAGEMENT 92
8.7.1 DEMAND FOR CLOUD COMPUTING & MASTER DATA MANAGEMENT IN DEFENSE INDUSTRY STIMULATES MARKET 92
8.8 DIGITAL TWIN 93
8.8.1 USE OF TIME- AND COST-SAVING DIGITAL TWIN TECHNOLOGY TO SUPPORT GROWTH OF MILITARY SIMULATION AND TRAINING MARKET 93
8.9 BLOCKCHAIN 93
8.9.1 ENHANCED SECURITY FOR AUTOMATED SYSTEMS MANAGEMENT, SUPPLY CHAIN MANAGEMENT & LOGISTICS, AND INFORMATION ON BATTLEFIELD TO OPTIMIZE BLOCKCHAIN USE IN MARKET 93
8.10 AR & VR 94
8.10.1 USE OF AR & VR FOR NEW WARFARE STRATEGIES TO EVALUATE COMPLEXITIES ON BATTLEFIELD TO INCREASE MARKET DEMAND 94
8.11 5G 94
8.11.1 5G TECHNOLOGY TO TRANSFER DATA AMONG OPERATORS AND MILITARY VEHICLES TO OFFER MORE MARKET DEMAND 94
9 MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION 95
9.1 INTRODUCTION 96
FIGURE 29 SOFTWARE TO RECORD HIGHEST CAGR BETWEEN 2020 AND 2025 96
TABLE 12 MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 96
TABLE 13 MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 97
9.2 HARDWARE 97
9.2.1 ONGOING IMPROVEMENTS IN COMMUNICATIONS TECHNOLOGY FOR BETTER EXPERIENCE OF VIRTUAL SIMULATORS TO FUEL SEGMENT GROWTH 97
9.3 SOFTWARE 97
9.3.1 GROWING DEMAND TO INTEGRATE MULTIPLE SENSORS WITH SINGLE TRAINING SYSTEM TO AMPLIFY SOFTWARE ADOPTION AND MARKET GROWTH 97
9.4 SERVICES 98
9.4.1 SOFTWARE UPDATE PACKAGES, NEW FEATURES AND PROGRAMS, AND ADD NEW ALGORITHMS IN TRAINING SYSTEMS TO PROPEL SERVICES 98
9.4.1.1 Upgrades 98
9.4.1.2 Maintenance & Support 98
10 MILITARY SIMULATION AND TRAINING MARKET, BY ENVIRONMENT 99
10.1 INTRODUCTION 100
10.2 SYNTHETIC ENVIRONMENT 100
10.2.1 SYNTHETIC ENVIRONMENT TO IMPROVE TRAINING, MISSION PLANNING, REHEARSAL, AND OPERATIONAL DECISION MAKING 100
10.3 GAMING ENVIRONMENT 100
10.3.1 INCREASING DEMAND FOR INTERACTIVE LEARNING PROJECTED TO FUEL ADOPTION OF GAMING SIMULATION 100
11 MILITARY SIMULATION AND TRAINING MARKET, BY PLATFORM 101
11.1 INTRODUCTION 102
FIGURE 30 LAND PLATFORM TO RECORD HIGHEST CAGR BETWEEN 2022 AND 2027 102
TABLE 14 MILITARY SIMULATION AND TRAINING MARKET, BY PLATFORM,
2019–2021 (USD MILLION) 102
TABLE 15 MILITARY SIMULATION AND TRAINING MARKET, BY PLATFORM,
2022–2027 (USD MILLION) 103
11.2 LAND 103
TABLE 16 MILITARY SIMULATION AND TRAINING MARKET, BY LAND,
2019–2021 (USD MILLION) 103
TABLE 17 MILITARY SIMULATION AND TRAINING MARKET, BY LAND,
2022–2027 (USD MILLION) 103
11.2.1 MILITARY FIGHTING VEHICLES (MFV) 104
11.2.1.1 Rising demand for MFV for use in cross border conflicts 104
11.2.2 UNMANNED GROUND VEHICLES (UGVS) 104
11.2.2.1 Increasing demand for self-driven ground vehicles embedded with advanced military equipment and technologies 104
11.2.3 HEADQUARTERS AND COMMAND CENTERS 104
11.2.3.1 Growing need for cybersecurity to protect headquarters and command centers 104
11.2.4 PLATFORM INDEPENDENT 105
11.2.4.1 Increased delivery of equipment to drive segment 105
11.3 MARITIME 105
TABLE 18 MILITARY SIMULATION AND TRAINING MARKET, BY MARITIME,
2019–2021 (USD MILLION) 105
TABLE 19 MILITARY SIMULATION AND TRAINING MARKET, BY MARITIME,
2022–2027 (USD MILLION) 105
11.3.1 NAVAL SHIPS 106
11.3.1.1 Growing procurement of destroyers by US, Saudi Arabia, and Germany to boost use of naval ships 106
11.3.2 SUBMARINES 106
11.3.2.1 Increasing focus on developing next-generation submarines to drive segment growth 106
11.3.3 UNMANNED MARITIME VEHICLES (UMVS) 107
11.3.3.1 Adoption of UMVs for defense applications aids growth of military simulation and training market 107
11.4 AIRBORNE 107
TABLE 20 MILITARY SIMULATION AND TRAINING MARKET, BY AIRBORNE,
2019–2021 (USD MILLION) 107
TABLE 21 MILITARY SIMULATION AND TRAINING MARKET, BY AIRBORNE,
2022–2027 (USD MILLION) 107
11.4.1 FIGHTER AIRCRAFT 108
11.4.1.1 Increasing requirement for combat missions to drive market growth 108
11.4.2 MILITARY HELICOPTERS 108
11.4.2.1 Growing application in search & rescue and combat operations to push demand for military helicopters 108
11.4.3 SPECIAL MISSION AIRCRAFT 108
11.4.3.1 High usage for strategic military operations to further increase demand for special mission aircraft 108
11.4.4 UAVS 109
11.4.4.1 Wide-scale application in military attacks to raise market demand for UAVs 109
12 MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION 110
12.1 INTRODUCTION 111
FIGURE 31 ARMY SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2022 AND 2027 111
TABLE 22 MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2019–2021 (USD MILLION) 111
TABLE 23 MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2022–2027 (USD MILLION) 112
12.2 ARMY 112
12.2.1 ARMORED FIGHTING VEHICLE DRIVING TRAINING 112
12.2.1.1 Driving simulators for high-end beginner and experienced training and practice solutions to boost market demand 112
12.2.2 GUNNERY & COMBAT TRAINING 112
12.2.2.1 Land forces training simulators for armed forces training to fuel market demand 112
12.2.3 COMMAND STAFF TRAINING 112
12.2.3.1 Need for tactical training to drive segment 112
12.3 NAVAL 113
12.3.1 FULL MISSION BRIDGE TRAINING 113
12.3.1.1 Full mission bridge simulators to train commercial and military ship operators expected to boost demand 113
12.3.2 SUBMARINE TRAINING 113
12.3.2.1 Increasing focus on developing next-generation submarines to push market growth 113
12.3.3 VESSEL TRAFFIC CONTROL TRAINING 113
12.3.3.1 Vessel traffic control simulators for better management results in higher demand for training 113
12.4 AVIATION 114
12.4.1 FLIGHT TRAINING 114
12.4.1.1 Increasing deliveries of fighter aircraft for use in cross border conflicts to gain more share for flight training 114
12.4.2 CARGO LOADING TRAINING 114
12.4.2.1 Growing deployment of cargo loaders to drive market 114
12.4.3 MAINTENANCE TRAINING 114
12.4.3.1 Better understanding of advanced aircraft functionality to mark segment growth 114
13 REGIONAL ANALYSIS 115
13.1 INTRODUCTION 116
TABLE 24 MAJOR ONGOING PROGRAMS RELATED TO TECHNOLOGIES IN MILITARY SIMULATION AND TRAINING MARKET, 2019-2020 116
FIGURE 32 MILITARY SIMULATION AND TRAINING MARKET IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST RATE FROM 2022 TO 2027 117
TABLE 25 MILITARY SIMULATION AND TRAINING MARKET, BY REGION,
2019–2021 (USD MILLION) 118
TABLE 26 MILITARY SIMULATION AND TRAINING MARKET, BY REGION,
2022–2027 (USD MILLION) 118
13.2 NORTH AMERICA 118
13.2.1 COVID-19 IMPACT ON NORTH AMERICA 118
13.2.2 PESTE ANALYSIS: NORTH AMERICA 119
FIGURE 33 NORTH AMERICA MILITARY SIMULATION AND TRAINING MARKET SNAPSHOT 120
TABLE 27 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 120
TABLE 28 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 29 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 121
TABLE 30 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 121
TABLE 31 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 121
TABLE 32 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 122
TABLE 33 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 122
TABLE 34 NORTH AMERICA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 122
13.2.3 US 122
13.2.3.1 Modernization programs and defense policies increase demand for digitalization in US military 122
TABLE 35 US: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2019–2021 (USD MILLION) 123
TABLE 36 US: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2022–2027 (USD MILLION) 123
TABLE 37 US: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 123
TABLE 38 US: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 124
TABLE 39 US: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 124
TABLE 40 US: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 124
13.2.4 CANADA 124
13.2.4.1 Increase in demand for training of military aircraft pilots to fuel demand for military simulation and training in Canada 124
TABLE 41 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 125
TABLE 42 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 125
TABLE 43 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 125
TABLE 44 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 126
TABLE 45 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 126
TABLE 46 CANADA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 126
13.3 EUROPE 126
13.3.1 COVID-19 IMPACT ON EUROPE 127
13.3.2 PESTLE ANALYSIS: EUROPE 127
FIGURE 34 EUROPE MILITARY SIMULATION AND TRAINING MARKET SNAPSHOT 128
TABLE 47 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 129
TABLE 48 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 49 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 129
TABLE 50 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 130
TABLE 51 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 130
TABLE 52 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 130
TABLE 53 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 130
TABLE 54 EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 131
13.3.3 UK 131
13.3.3.1 Modernization of military training programs expected to drive market 131
TABLE 55 UK: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2019–2021 (USD MILLION) 132
TABLE 56 UK: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION,
2022–2027 (USD MILLION) 132
TABLE 57 UK: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 132
TABLE 58 UK: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 132
TABLE 59 UK: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 133
TABLE 60 UK: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 133
13.3.4 GERMANY 133
13.3.4.1 R&D to push market growth 133
TABLE 61 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 134
TABLE 62 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 134
TABLE 63 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 134
TABLE 64 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 135
TABLE 65 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 135
TABLE 66 GERMANY: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 135
13.3.5 ITALY 135
13.3.5.1 Growing upgrades of existing defense equipment and introduction of new platforms to expand market 135
TABLE 67 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 136
TABLE 68 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 136
TABLE 69 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 136
TABLE 70 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 137
TABLE 71 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 137
TABLE 72 ITALY: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 137
13.3.6 FRANCE 137
13.3.6.1 Technological advancements to enable market growth in France 137
TABLE 73 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 138
TABLE 74 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 138
TABLE 75 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 139
TABLE 76 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 139
TABLE 77 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 139
TABLE 78 FRANCE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 139
13.3.7 SPAIN 140
13.3.7.1 Advancement in training capabilities to create demand in Spain 140
TABLE 79 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 140
TABLE 80 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 140
TABLE 81 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 141
TABLE 82 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 141
TABLE 83 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 141
TABLE 84 SPAIN: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 141
13.3.8 REST OF EUROPE 142
13.3.8.1 Rise in aircraft deliveries projected to broaden market for military simulation and training 142
TABLE 85 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 142
TABLE 86 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 142
TABLE 87 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 142
TABLE 88 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 143
TABLE 89 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 143
TABLE 90 REST OF EUROPE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 143
13.4 ASIA PACIFIC 143
13.4.1 COVID-19 IMPACT ON ASIA PACIFIC 144
13.4.2 PESTLE ANALYSIS: ASIA PACIFIC 144
FIGURE 35 ASIA PACIFIC MILITARY SIMULATION AND TRAINING MARKET SNAPSHOT 145
TABLE 91 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 146
TABLE 92 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 146
TABLE 93 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 146
TABLE 94 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 147
TABLE 95 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 147
TABLE 96 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 147
TABLE 97 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 147
TABLE 98 ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 148
13.4.3 CHINA 148
13.4.3.1 Increasing expenditure on R&D for military equipment expected to drive market 148
TABLE 99 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 149
TABLE 100 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 149
TABLE 101 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 149
TABLE 102 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 149
TABLE 103 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 150
TABLE 104 CHINA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 150
13.4.4 JAPAN 150
13.4.4.1 Need to strengthen combat capabilities to enhance market demand in Japan 150
TABLE 105 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 151
TABLE 106 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 151
TABLE 107 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 151
TABLE 108 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 151
TABLE 109 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 152
TABLE 110 JAPAN: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 152
13.4.5 INDIA 152
13.4.5.1 Ongoing modernization of Indian defense to propel market growth 152
TABLE 111 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 153
TABLE 112 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 153
TABLE 113 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 153
TABLE 114 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 153
TABLE 115 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 154
TABLE 116 INDIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 154
13.4.6 SOUTH KOREA 154
13.4.6.1 Digital transformation of defense sector stimulates South Korean market 154
TABLE 117 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 155
TABLE 118 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 155
TABLE 119 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 155
TABLE 120 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 155
TABLE 121 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 156
TABLE 122 SOUTH KOREA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 156
13.4.7 AUSTRALIA 156
13.4.7.1 High demand for combat training center boost market demand 156
TABLE 123 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 157
TABLE 124 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 157
TABLE 125 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 157
TABLE 126 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 157
TABLE 127 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 158
TABLE 128 AUSTRALIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 158
13.4.8 SINGAPORE 158
13.4.8.1 Presence of indigenous companies to fulfill demand for simulators 158
TABLE 129 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 159
TABLE 130 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 159
TABLE 131 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 159
TABLE 132 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 159
TABLE 133 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 160
TABLE 134 SINGAPORE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 160
13.4.9 REST OF ASIA PACIFIC 160
TABLE 135 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 160
TABLE 136 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 161
TABLE 137 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 161
TABLE 138 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 161
TABLE 139 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 161
TABLE 140 REST OF ASIA PACIFIC: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 162
13.5 MIDDLE EAST 162
13.5.1 COVID-19 IMPACT ON THE MIDDLE EAST & AFRICA 162
13.5.2 PESTLE ANALYSIS: MIDDLE EAST & AFRICA 162
FIGURE 36 MIDDLE EAST MILITARY SIMULATION AND TRAINING MARKET SNAPSHOT 164
TABLE 141 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 164
TABLE 142 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 165
TABLE 143 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 165
TABLE 144 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 165
TABLE 145 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 165
TABLE 146 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 166
TABLE 147 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 166
TABLE 148 MIDDLE EAST: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 166
13.5.3 ISRAEL 166
13.5.3.1 Military modernization programs and development of capabilities of defense organizations amplify market in Israel 166
TABLE 149 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 167
TABLE 150 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 167
TABLE 151 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 168
TABLE 152 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 168
TABLE 153 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 168
TABLE 154 ISRAEL: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 168
13.5.4 SAUDI ARABIA 169
13.5.4.1 Growing need to train defense personnel to raise market demand in Saudi Arabia 169
TABLE 155 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 169
TABLE 156 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 170
TABLE 157 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2019–2021 (USD MILLION) 170
TABLE 158 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE, 2022–2027 (USD MILLION) 170
TABLE 159 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 170
TABLE 160 SAUDI ARABIA: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 171
13.5.5 UAE 171
13.5.5.1 Focus on strengthening defense capabilities to strengthen market demand 171
TABLE 161 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 171
TABLE 162 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 171
TABLE 163 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2019–2021 (USD MILLION) 172
TABLE 164 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY TYPE,
2022–2027 (USD MILLION) 172
TABLE 165 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2019–2021 (USD MILLION) 172
TABLE 166 UAE: MILITARY SIMULATION AND TRAINING MARKET, BY SOLUTION,
2022–2027 (USD MILLION) 172

Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, ...

Publisher:        MarketsandMarkets

# of Pages:        269

Rating: 

1 User License $4,950

Publication Date:  March, 2022

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1 INTRODUCTION 28
1.1 OBJECTIVES OF THE STUDY 28
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 29
1.3.1 MARKETS COVERED 29
FIGURE 1 AIRCRAFT ELECTRIFICATION MARKET SEGMENTATION 29
1.3.2 YEARS CONSIDERED FOR THE STUDY 30
1.4 INCLUSIONS AND EXCLUSIONS 30
TABLE 1 INCLUSIONS AND EXCLUSIONS IN AIRCRAFT ELECTRIFICATION MARKET 30
1.5 CURRENCY 30
1.6 LIMITATIONS 31
1.7 MARKET STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 32
FIGURE 2 AIRCRAFT ELECTRIFICATION MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES 32
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 3 AIRCRAFT ELECTRIFICATION RESEARCH PROCESS FLOW 34
FIGURE 4 AIRCRAFT ELECTRIFICATION MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
2.1.2.1 Key primary sources 37
2.2 DEMAND & SUPPLY-SIDE ANALYSIS 37
2.2.1 INTRODUCTION 37
2.2.2 DEMAND-SIDE INDICATORS 38
2.2.2.1 Rise in global air passenger and cargo traffic 38
2.2.2.2 Surging demand for cleaner and quieter aircraft 38
2.2.2.3 Increasing developments in advanced air mobility platform 38
2.2.3 SUPPLY-SIDE INDICATORS 39
2.2.3.1 Increasing adoption of electrical systems in aircraft 39
2.2.3.2 Emergence of alternative power sources for generation of electric power 39
2.3 MARKET SIZE ESTIMATION 39
2.3.1 SEGMENTS AND SUBSEGMENTS 40
 
2.4 RESEARCH APPROACH & METHODOLOGY 40
2.4.1 BOTTOM-UP APPROACH 40
2.4.2 AIRCRAFT ELECTRIFICATION MARKET FOR TECHNOLOGY 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.4.3 TOP-DOWN APPROACH 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
2.5 MARKET BREAKDOWN & DATA TRIANGULATION 42
FIGURE 7 DATA TRIANGULATION 42
2.6 GROWTH RATE ASSUMPTIONS 43
2.7 ASSUMPTIONS FOR RESEARCH STUDY 43
2.8 RISKS 43
3 EXECUTIVE SUMMARY 44
FIGURE 8 BY COMPONENT, THE BATTERIES SEGMENT EXPECTED TO DOMINATE AIRCRAFT ELECTRIFICATION MARKET IN 2021 45
FIGURE 9 BY APPLICATION, THE POWER DISTRIBUTION SEGMENT ACCOUNTED FOR THE LARGEST SHARE IN 2021 45
FIGURE 10 PROPULSION SYSTEM SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2021 46
FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF AIRCRAFT ELECTRIFICATION MARKET DURING IN 2021 46
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN AIRCRAFT ELECTRIFICATION MARKET 47
FIGURE 12 INCREASING NEED FOR CLEANER AND QUIETER AIRCRAFT EXPECTED TO DRIVE MARKET FROM 2O21 TO 2030 47
4.2 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY 48
FIGURE 13 FULLY ELECTRIC AIRCRAFT SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2030 48
4.3 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM 48
FIGURE 14 UAV SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2030 48
4.4 AIRCRAFT ELECTRIFICATION MARKET, BY TOP COUNTRIES 49
FIGURE 15 MARKET IN MEXICO PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2030 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
FIGURE 16 MARKET DYNAMICS OF AIRCRAFT ELECTRIFICATION MARKET 51
5.2.1 DRIVERS 51
5.2.1.1 Low operational costs 51
FIGURE 17 OPERATIONAL COSTS FOR AIRCRAFT (EXCLUDING OWNERSHIP COST) 51
5.2.1.2 Growing need for cleaner and quieter aircraft 52
5.2.1.3 Advances in batteries, electric motors, and power electronics 52
5.2.1.4 Rise in demand for unmanned aerial vehicles 53
5.2.1.5 Surging demand for electrical systems in aircraft 53
5.2.2 RESTRAINTS 54
5.2.2.1 Limited range of electric aircraft 54
5.2.2.2 Power density limitations of electric propulsion technology 54
5.2.2.3 High voltage and thermal issues of aircraft electrical systems 54
5.2.2.4 Increased aircraft weight due to heavy batteries 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Emergence of alternative power sources for electric power generation 55
5.2.3.2 Development of lithium-ion batteries 55
FIGURE 18 COMMON LITHIUM-ION BATTERIES AND THEIR KEY FEATURES 55
5.2.3.3 Development of advanced power electronics components 56
5.2.3.4 Emergence of advanced air mobility 57
5.2.4 CHALLENGES 57
5.2.4.1 Development of batteries having higher energy densities 57
5.2.4.2 Battery recharging infrastructure at airports 58
5.2.4.3 Ensuring airworthiness of electric aircraft 58
5.3 RANGE AND SCENARIOS 58
FIGURE 19 AIRCRAFT ELECTRIFICATION MARKET RANGES AND SCENARIOS 59
5.4 COVID-19 IMPACT ANALYSIS 60
5.5 VALUE CHAIN ANALYSIS 60
5.5.1 RAW MATERIALS 61
5.5.2 R&D 61
5.5.3 COMPONENT MANUFACTURING 62
5.5.4 OEMS 62
5.5.5 END USERS 62
5.5.6 AFTER-SALES SERVICES 62
5.6 MARKET ECOSYSTEM MAP 62
FIGURE 21 AIRCRAFT ELECTRIFICATION MARKET ECOSYSTEM 62
5.6.1 PROMINENT COMPANIES 63
5.6.2 PRIVATE AND SMALL ENTERPRISES 63
5.6.3 END USERS 63
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63
FIGURE 22 RISING NEED FOR CLEANER AND SUSTAINABLE AIRCRAFT TO DRIVE MARKET GROWTH 63
5.8 PORTER’S FIVE FORCES ANALYSIS 64
TABLE 2 PORTER’S FIVE FORCES ANALYSIS 64
5.8.1 THREAT OF NEW ENTRANTS 65
5.8.2 THREAT OF SUBSTITUTES 65
5.8.3 BARGAINING POWER OF SUPPLIERS 65
5.8.4 BARGAINING POWER OF BUYERS 65
5.8.5 COMPETITION IN THE INDUSTRY 65
 
5.9 TRADE DATA ANALYSIS 66
TABLE 3 TRADE DATA TABLE FOR AIRCRAFT ELECTRIFICATION MARKET 66
5.10 TARIFF AND REGULATORY LANDSCAPE 67
5.10.1 EUROPEAN AVIATION SAFETY AGENCY FRAMEWORK FOR VTOL AIRCRAFT 67
5.10.2 FEDERAL AVIATION ADMINISTRATION RULES FOR UNMANNED AIRCRAFT SYSTEM 67
5.10.3 FEDERAL AVIATION ADMINISTRATION (FAA) GUIDELINES FOR ELECTRIC MOTORS IN AIRCRAFT 68
5.10.4 EUROPEAN UNION (EU) ECODESIGN REGULATION 68
5.11 CASE STUDY ANALYSIS 68
5.11.1 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI 68
5.11.2 EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE 68
5.11.3 EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM 69
5.11.4 ROLLS ROYCE’S FIRST ALL ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT 69
5.11.5 USE OF ELECTRIC MOTORS IN MORE ELECTRIC AIRCRAFT BY HONEYWELL 69
5.11.6 PARKER USED AMETEK'S HYDRAULIC PUMP MOTOR FOR THE US AIRFORCE'S NEXT GENERATION T-X JET TRAINER AIRCRAFT 70
5.12 TECHNOLOGY ANALYSIS 70
5.12.1 TURBOGENERATORS FOR POWERING ELECTRIC MOTORS AND BATTERIES 70
5.12.2 ELECTRIC ACTUATORS 70
5.12.3 FLY BY WIRE 71
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 71
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 71
FIGURE 24 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AIRCRAFT ELECTRIFICATION TECHNOLOGY 71
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES (%) 72
5.13.2 BUYING CRITERIA 72
FIGURE 25 KEY BUYING CRITERIA FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES 72
TABLE 5 KEY BUYING CRITERIA FOR AIRCRAFT ELECTRIFICATION TECHNOLOGIES 72
5.14 AVERAGE SELLING PRICE 73
TABLE 6 AVERAGE SELLING PRICE: AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT (USD MILLION) 73
6 INDUSTRY TRENDS 74
6.1 INTRODUCTION 74
6.2 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS 74
TABLE 7 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS 74
6.3 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS 76
TABLE 8 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS 76
 
6.4 EMERGING INDUSTRY TRENDS 76
6.4.1 UPCOMING TRENDS IN HYBRID AND ELECTRIC PROPULSION 76
6.4.1.1 Multifunctional structures for high-energy lightweight loadbearing storage (M-SHELLS) 76
6.4.1.2 Integrated computational-experimental development of li-air batteries for electric aircraft (LI-ON) 76
6.4.1.3 High voltage hybrid electric propulsion (HVHEP) 76
6.4.1.4 Compact high power density machine-enabled by additive manufacturing 77
6.4.1.5 Design environment for novel vertical lift vehicles – cryocooling HEP task (DELIVER) 77
6.4.1.6 Fostering ultra-efficient, low-emitting aviation power (FUELEAP) 77
6.4.1.7 Scalable convergent electric propulsion technology and operations research (SCEPTOR) 77
6.4.1.8 Distributed electric propulsion (DEP) 77
6.4.2 ELECTRIC COMPONENT TECHNOLOGY TRENDS 77
6.4.2.1 50kg electric motor 77
6.4.2.2 Fuel cell technology 77
6.4.2.3 Hydrogen fuel cells 78
6.4.2.4 Advanced batteries 78
TABLE 9 TYPES OF ADVANCED AIRCRAFT BATTERIES: COMPARATIVE STUDY 78
6.4.2.5 Lithium-sulfur (Li-S) 78
6.5 NASA FUTURE AIRCRAFT TECHNOLOGIES 79
6.5.1 NASA FUTURE AIRCRAFT ELECTRIC MACHINES 79
6.5.2 NASA FUTURE AIRCRAFT CONVERTERS 79
6.5.3 NASA FUTURE AIRCRAFT MATERIALS 79
6.5.3.1 Soft magnetic materials 79
6.5.3.2 New insulation materials 79
6.5.3.3 High-conductivity copper/carbon nanotube conductor 79
6.5.3.4 Development of the superconducting wire 79
6.5.4 URBAN AIR MOBILITY 80
6.5.5 ENERGY HARVESTING 80
6.5.6 HIGH POWER BATTERIES AND MOTORS 80
6.5.7 CYCLO-ROTOR EVTOL 81
6.6 INNOVATION & PATENT ANALYSIS 81
TABLE 10 INNOVATION AND PATENT ANALYSIS FRO AIRCRAFT ELECTRIFICATION MARKET 81
6.7 IMPACT OF MEGATREND 84
7 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT 85
7.1 INTRODUCTION 86
FIGURE 26 SOLAR CELLS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 86
TABLE 11 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION) 86
TABLE 12 AIRCRAFT ELECTRIFICATION MARKET, BY COMPONENT, 2021–2030 (USD MILLION) 87
7.2 BATTERIES 87
7.2.1 LITHIUM-SULFUR AND LITHIUM TITANATE BATTERIES ARE FUTURE OF AIRCRAFT BATTERY TECHNOLOGIES 87
7.2.2 NICKEL-BASED 87
7.2.3 LEAD-ACID-BASED 88
7.2.4 LITHIUM-BASED 88
7.3 FUEL CELLS 88
7.3.1 INCREASED DEMAND FOR FUEL CELLS TO REDUCE AIRCRAFT FUEL LOAD WILL DRIVE THIS SEGMENT 88
7.4 SOLAR CELLS 88
7.4.1 SOLAR CELLS DO NOT HAVE ANY MOVING PARTS, UNLIKE ELECTRIC GENERATORS INSTEAD CAN FLY WITHOUT A DROP OF LIQUID FUEL 88
7.5 ELECTRIC ACTUATORS 88
7.5.1 EFFICIENCY, PRECISION, AND LOW WEIGHT DRIVE DEMAND FOR ELECTRIC ACTUATORS 88
7.6 ELECTRIC PUMPS 89
7.6.1 INCREASED EFFICIENCY AND PRECISION OF ELECTRIC PUMPS DRIVE THEIR DEMAND 89
7.7 GENERATORS 89
7.7.1 KEY MARKET PLAYERS ARE DEVELOPING GENERATORS THAT PROVIDE ADVANCED PERFORMANCE, REQUIRE REDUCED MAINTENANCE, AND LOWER COSTS OF OPERATION 89
7.8 MOTORS 89
7.8.1 ELECTRIC MOTORS REDUCES NEED FOR GEARBOXES 89
7.9 POWER ELECTRONICS 90
7.9.1 POWER ELECTRONICS BRINGS SIGNIFICANT PROFITS FOR FUTURE AIRCRAFT IN TERMS OF EFFICIENCY AND FLEXIBILITY 90
7.10 DISTRIBUTION DEVICES 90
7.10.1 DISTRIBUTION DEVICES ENSURE RELIABILITY OF ELECTRICAL POWER IN AIRCRAFT 90
8 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY 91
8.1 INTRODUCTION 92
FIGURE 27 HYBRID ELECTRIC SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 13 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 92
TABLE 14 AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 93
8.2 MORE ELECTRIC 93
8.2.1 GROWING NEED TO OPTIMIZE AIRCRAFT PERFORMANCE HAS BEEN A CATALYST BOOSTING GROWTH OF MORE ELECTRIC MARKET 93
8.2.2 MORE ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 93
TABLE 15 MORE ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 93
8.3 HYBRID ELECTRIC 94
8.3.1 HYBRID ELECTRIC PROPULSION PROVIDES LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES 94
8.3.2 SOLAR-POWERED 94
8.3.3 BATTERY-POWERED 94
8.3.4 FUEL CELL POWERED 94
8.3.5 HYBRID ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 95
TABLE 16 HYBRID ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 95
8.4 FULLY ELECTRIC 96
8.4.1 INCREASING INVESTMENTS TO DESIGN ELECTRICAL SYSTEMS AND IMPLEMENT NEW ELECTRICAL-INTENSIVE ARCHITECTURES WILL DRIVE THIS SEGMENT 96
8.4.2 FULLY ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 96
TABLE 17 FULLY ELECTRIC AIRCRAFT PROGRAMS, BY CATEGORY 96
9 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION 98
9.1 INTRODUCTION 99
FIGURE 28 POWER DISTRIBUTION SEGMENT PROJECTED TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD 99
TABLE 18 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 99
TABLE 19 AIRCRAFT ELECTRIFICATION MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 100
9.2 POWER GENERATION 100
9.2.1 INCREASING DEMAND FOR MORE ELECTRIC ARCHITECTURE AIRCRAFT FUELING GROWTH OF THIS SEGMENT 100
9.3 POWER DISTRIBUTION 100
9.3.1 TREND TOWARDS DEVELOPING ELECTRICAL COMPONENTS INFLUENCING GROWTH OF POWER DISTRIBUTION SEGMENT 100
9.4 POWER CONVERSION 101
9.4.1 INCREASE IN OPERATIONAL EFFICIENCY & REDUCTION IN TOTAL AIRCRAFT SYSTEM WEIGHT DRIVE DEMAND FOR POWER CONVERSION SYSTEMS 101
9.5 ENERGY STORAGE 101
9.5.1 INCREASED USE OF ADVANCED BATTERIES AND FUEL CELL SYSTEMS BOOSTS DEMAND FOR ENERGY STORAGE 101
10 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM 102
10.1 INTRODUCTION 103
FIGURE 29 UNMANNED AERIAL VEHICLES SEGMENT PROJECTED TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD 103
TABLE 20 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 103
TABLE 21 AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 104
10.2 COMMERCIAL AVIATION 104
TABLE 22 COMMERCIAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION) 104
TABLE 23 COMMERCIAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION) 105
10.2.1 NARROW-BODY AIRCRAFT (NBA) 105
10.2.1.1 Replacement of hydraulic and pneumatic aircraft systems with electric systems is driving demand for narrow-body aircraft 105
10.2.2 WIDE-BODY AIRCRAFT (WBA) 105
10.2.2.1 Increase in air passenger travel has raised demand for wide-body aircraft 105
10.2.3 REGIONAL TRANSPORT AIRCRAFT (RTA) 106
10.2.3.1 Increased use of advanced flight management systems fueling demand for electrification in regional transport aircraft 106
10.3 MILITARY AVIATION 106
TABLE 24 MILITARY AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION) 106
TABLE 25 MILITARY AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION) 107
10.3.1 FIGHTER JETS 107
10.3.1.1 Increasing military budgets will drive this segment 107
10.3.2 MULTI-MISSION AIRCRAFT 107
10.3.2.1 Growing defense spending and territorial disputes to fuel demand for this segment 107
10.3.3 TRAINER AIRCRAFT 108
10.3.3.1 Large deployment of electric aircraft being made for trainer aircraft 108
10.3.4 MILITARY HELICOPTERS 108
10.3.4.1 Wide applications of military helicopters drive their demand 108
10.4 BUSINESS & GENERAL AVIATION 108
TABLE 26 BUSINESS & GENERAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION) 108
TABLE 27 BUSINESS & GENERAL AVIATION: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION) 109
10.4.1 LIGHT AIRCRAFT 109
10.4.1.1 Frequent modifications in light aircraft expected to fuel the market for aircraft electrification 109
10.4.2 BUSINESS JETS 109
10.4.2.1 Rising number of private aviation companies fuel demand for business jets 109
10.4.3 CIVIL HELICOPTERS 110
10.4.3.1 Rise in operational capabilities of helicopters and their decreasing cost of production drive this segment 110
10.5 UNMANNED AERIAL VEHICLES (UAV) 110
TABLE 28 UNMANNED AERIAL VEHICLES: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2017–2020 (USD MILLION) 110
TABLE 29 UNMANNED AERIAL VEHICLES: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION) 110
10.5.1 MILITARY UAVS 111
10.5.1.1 Ability to fly for long durations and perform variety of military operations fuels demand 111
10.5.2 COMMERCIAL UAVS 111
10.5.2.1 Applications in search & rescue operations, precision farming, and law enforcement to drive demand 111
10.6 ADVANCED AIR MOBILITY 112
TABLE 30 ADVANCED AIR MOBILITY: AIRCRAFT ELECTRIFICATION MARKET, BY AIRCRAFT TYPE, 2021–2030 (USD MILLION) 112
10.6.1 AIR TAXIS 112
10.6.1.1 Need for on-demand urban transportation fuels growth of the segment 112
10.6.2 AIR SHUTTLES/METROS 112
10.6.2.1 Demand driven by need for alternative urban transportation solutions 112
10.6.3 PERSONAL AERIAL VEHICLES 113
10.6.3.1 Need for personal transport alternatives within the city to drive demand 113
10.6.4 CARGO AERIAL VEHICLES 113
10.6.4.1 Demand high for intercity and intracity cargo transportation 113
10.6.5 AIR AMBULANCE AND MEDICAL EMERGENCY VEHICLES 113
10.6.5.1 Focus on serving medical emergency services will boost development of air ambulance 113
10.6.6 LAST-MILE DELIVERY VEHICLES 113
10.6.6.1 Need for package delivery solutions without human intervention expected to boost this segment 113
11 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM 114
11.1 INTRODUCTION 115
FIGURE 30 PROPULSION SYSTEM SEGMENT TO LEAD AIRCRAFT ELECTRIFICATION MARKET DURING FORECAST PERIOD 115
TABLE 31 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 115
TABLE 32 AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2021–2030 (USD MILLION) 116
11.2 PROPULSION SYSTEM 116
11.2.1 ELECTRICAL PROPULSION SYSTEMS HELP REDUCE FUEL BURN AND THEREBY ATMOSPHERIC EMISSIONS 116
11.3 ENVIRONMENT CONTROL SYSTEM 116
11.3.1 THE NEED FOR CABIN AIR FILTRATION AND REGULATED TEMPERATURE IN AIRCRAFT BOOSTS THIS SEGMENT 116
11.4 FLIGHT CONTROL SYSTEM 117
11.4.1 DEPLOYMENT OF FLIGHT CONTROL SYSTEMS HELP REDUCE WEIGHT OF AIRCRAFT AND PILOT WORKLOAD 117
11.5 LANDING GEAR SYSTEM 117
11.6 ICE PROTECTION SYSTEM 118
11.7 THRUST REVERSER SYSTEM 118
12 REGIONAL ANALYSIS 119
12.1 INTRODUCTION 120
FIGURE 31 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF AIRCRAFT ELECTRIFICATION MARKET IN 2022 120
12.2 NORTH AMERICA 121
FIGURE 32 NORTH AMERICA AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT 121
TABLE 33 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 122
TABLE 34 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 122
TABLE 35 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 122
TABLE 36 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 123
TABLE 37 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 123
TABLE 38 NORTH AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 123
12.2.1 PESTLE ANALYSIS: NORTH AMERICA 123
12.2.2 US 125
12.2.2.1 Presence of leading manufacturers of aircraft and electric components fuel growth of market in the US 125
TABLE 39 US: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 125
TABLE 40 US: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 126
TABLE 41 US: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 126
TABLE 42 US: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 126
12.2.3 CANADA 127
12.2.3.1 Growth of aerospace industry in Canada fueling the adoption of aircraft electrification 127
TABLE 43 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 127
TABLE 44 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 127
TABLE 45 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 128
TABLE 46 CANADA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 128
12.3 EUROPE 129
FIGURE 33 EUROPE AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT 129
12.3.1 PESTLE ANALYSIS: EUROPE 130
TABLE 47 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 131
TABLE 48 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 131
TABLE 49 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 132
TABLE 50 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 132
TABLE 51 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 132
TABLE 52 EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 133
12.3.2 FRANCE 133
12.3.2.1 Presence of leading aircraft manufacturers driving market in France 133
TABLE 53 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 133
TABLE 54 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 134
TABLE 55 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 134
TABLE 56 FRANCE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 134
12.3.3 UK 135
12.3.3.1 Presence of aircraft OEMs and aircraft electric component manufacturers are leading to growth of market in the country 135
TABLE 57 UK: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 135
TABLE 58 UK: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 135
TABLE 59 UK: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 135
TABLE 60 UK: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 136
12.3.4 RUSSIA 136
12.3.4.1 Presence of OEMs expected to drive market in Russia 136
TABLE 61 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 136
TABLE 62 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 137
TABLE 63 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 137
TABLE 64 RUSSIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 137
12.3.5 ITALY 138
12.3.5.1 Demand for electric components from aircraft manufacturers in Italy supporting market growth 138
TABLE 65 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 138
TABLE 66 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 138
TABLE 67 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 139
TABLE 68 ITALY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 139
12.3.6 GERMANY 139
12.3.6.1 Developments in electric propulsion are driving market in Germany 139
TABLE 69 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 140
TABLE 70 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 140
TABLE 71 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 140
TABLE 72 GERMANY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 141
12.3.7 REST OF EUROPE 141
12.3.7.1 Supportive government policies and short airfield networks drive market in this region 141
TABLE 73 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 142
TABLE 74 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 142
TABLE 75 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 142
TABLE 76 REST OF EUROPE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 143
12.4 ASIA PACIFIC 143
FIGURE 34 ASIA PACIFIC AIRCRAFT ELECTRIFICATION MARKET SNAPSHOT 144
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC 144
TABLE 77 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 145
TABLE 78 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 145
TABLE 79 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 146
TABLE 80 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 146
TABLE 81 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 146
TABLE 82 ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 147
12.4.2 CHINA 147
12.4.2.1 Significant potential for adoption of electric propulsion driving the market in China 147
TABLE 83 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 148
TABLE 84 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 148
TABLE 85 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 148
TABLE 86 CHINA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 149
12.4.3 JAPAN 149
12.4.3.1 Technologically advanced capabilities along with skilled human effort expected to drive market in Japan 149
TABLE 87 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 149
TABLE 88 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 150
TABLE 89 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 150
TABLE 90 JAPAN: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 150
12.4.4 INDIA 151
12.4.4.1 Improving domestic capabilities of aerospace industry drive market 151
TABLE 91 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 151
TABLE 92 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 151
TABLE 93 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 152
TABLE 94 INDIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 152
12.4.5 AUSTRALIA 152
12.4.5.1 Penetration of advanced technologies in international as well as domestic air traffic is driving market 152
TABLE 95 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 153
TABLE 96 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 153
TABLE 97 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 153
TABLE 98 AUSTRALIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 154
12.4.6 SOUTH KOREA 154
12.4.6.1 Presence of electric component manufacturers in South Korea to support the growth of market 154
TABLE 99 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 154
TABLE 100 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 155
TABLE 101 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 155
TABLE 102 SOUTH KOREA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 155
12.4.7 REST OF ASIA PACIFIC 156
12.4.7.1 Ease in the availability of raw materials as well as cheap labor in this region to stimulate market growth 156
TABLE 103 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 156
TABLE 104 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 156
TABLE 105 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 157
TABLE 106 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 157
TABLE 107 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY SYSTEM, 2022-2030 (USD MILLION) 157
TABLE 108 REST OF ASIA PACIFIC: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2022-2030 (USD MILLION) 158
12.5 MIDDLE EAST 158
12.5.1 PESTLE ANALYSIS: MIDDLE EAST 158
TABLE 109 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 159
TABLE 110 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 159
TABLE 111 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 160
TABLE 112 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 160
TABLE 113 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 160
TABLE 114 MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 161
12.5.2 ISRAEL 161
12.5.2.1 Emergence of startups in electric aircraft manufacturing driving market in Israel 161
TABLE 115 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 161
TABLE 116 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 162
TABLE 117 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 162
TABLE 118 ISRAEL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 162
12.5.3 UAE 163
12.5.3.1 Presence of leading global airlines to drive market for aircraft electrification in the UAE 163
TABLE 119 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 163
TABLE 120 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 163
TABLE 121 UAE: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 164
TABLE 122 UAE AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 164
12.5.4 SAUDI ARABIA 164
12.5.4.1 High military expenditure to fuel market in Saudi Arabia 164
TABLE 123 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 164
TABLE 124 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 165
TABLE 125 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 165
TABLE 126 SAUDI ARABIA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 165
12.5.5 TURKEY 166
12.5.5.1 Increasing military spending expected to drive market 166
TABLE 127 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 166
TABLE 128 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 166
TABLE 129 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 167
TABLE 130 TURKEY: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 167
12.5.6 REST OF THE MIDDLE EAST 167
12.5.6.1 Growing demand for aircraft electric components to drive the market in this region 167
TABLE 131 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 168
TABLE 132 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 168
TABLE 133 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 168
TABLE 134 REST OF THE MIDDLE EAST: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 169
12.6 LATIN AMERICA 169
12.6.1 PESTLE ANALYSIS: LATIN AMERICA 169
TABLE 135 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 170
TABLE 136 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 170
TABLE 137 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 171
TABLE 138 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 171
TABLE 139 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 171
TABLE 140 LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 172
12.6.2 BRAZIL 172
12.6.2.1 Presence of leading airlines and aircraft manufacturers driving market 172
TABLE 141 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 172
TABLE 142 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 173
TABLE 143 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 173
TABLE 144 BRAZIL: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 173
12.6.3 MEXICO 174
12.6.3.1 Investments by global aircraft manufacturing companies fuel market growth in the country 174
TABLE 145 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 174
TABLE 146 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 174
TABLE 147 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 175
TABLE 148 MEXICO: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 175
12.6.4 REST OF LATIN AMERICA 176
12.6.4.1 Availability of low-cost raw materials driving the market 176
TABLE 149 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 176
TABLE 150 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 176
TABLE 151 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 177
TABLE 152 REST OF LATIN AMERICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 177
12.7 AFRICA 178
TABLE 153 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 178
TABLE 154 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION) 178
TABLE 155 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 179
TABLE 156 AFRICA: AIRCRAFT ELECTRIFICATION MARKET, BY PLATFORM, 2021–2030 (USD MILLION) 179