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eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen E...

Publisher:        MarketsandMarkets

# of Pages:        226

Rating: 

1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 34
1.1 OBJECTIVES OF THE STUDY 34
1.2 MARKET DEFINITION 34
1.3 MARKET SCOPE 35
1.3.1 MARKETS COVERED 35
FIGURE 1 EVTOL AIRCRAFT MARKET SEGMENTATION 35
1.3.2 YEARS CONSIDERED FOR THE STUDY 36
1.4 INCLUSIONS AND EXCLUSIONS 36
TABLE 1 INCLUSIONS AND EXCLUSIONS IN EVTOL AIRCRAFT MARKET 36
1.5 CURRENCY & PRICING 37
1.6 LIMITATIONS 37
1.7 MARKET STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 38
FIGURE 2 EVTOL AIRCRAFT MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES 38
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 REPORT PROCESS FLOW 40
FIGURE 4 RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Key primary sources 42
2.1.2.2 Key primary insights 42
2.2 MARKET SIZE ESTIMATION 43
2.2.1 SEGMENTS AND SUBSEGMENTS 43
2.3 RESEARCH APPROACH & METHODOLOGY 44
2.3.1 BOTTOM-UP APPROACH 44
2.3.1.1 Market size estimation 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND-SIDE) 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY-SIDE) 46
2.3.2 TOP-DOWN APPROACH 46
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 46
2.4 TRIANGULATION & VALIDATION 47
FIGURE 8 DATA TRIANGULATION 47
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 48
2.5 GROWTH RATE FACTORS 48
2.6 RISKS 48
2.7 ASSUMPTIONS FOR THE RESEARCH STUDY 49
3 EXECUTIVE SUMMARY 50
FIGURE 9 BATTERIES & CELLS SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF EVTOL AIRCRAFT MARKET IN 2021 50
FIGURE 10 EVTOL AIRCRAFT, BY LIFT TECHNOLOGY, 2021 51
FIGURE 11 FULLY ELECTRIC SEGMENT ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF EVTOL AIRCRAFT MARKET IN 2021 51
FIGURE 12 EVTOL AIRCRAFT MARKET IN LATIN AMERICA TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE EVTOL AIRCRAFT MARKET 53
FIGURE 13 GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT IS EXPECTED TO DRIVE THE MARKET FROM 2O21 TO 2030 53
4.2 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION 53
FIGURE 14 AUTONOMOUS SEGMENT PROJECTED TO LEAD THE MARKET FROM
2021 TO 2030 53
4.3 EVTOL AIRCRAFT MARKET, BY MTOW 54
FIGURE 15 100-1,000 KG SEGMENT PROJECTED TO LEAD THE MARKET FROM
2021 TO 2030 54
4.4 EVTOL AIRCRAFT MARKET, BY RANGE 54
FIGURE 16 <=200 KM SEGMENT PROJECTED TO LEAD THE MARKET FROM
2021 TO 2030 54
4.5 EVTOL AIRCRAFT MARKET, BY TOP COUNTRIES 55
FIGURE 17 EVTOL AIRCRAFT MARKET IN MEXICO IS PROJECTED TO GROW AT
THE HIGHEST CAGR FROM 2021 TO 2030 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 18 EVTOL AIRCRAFT MARKET DYNAMICS 56
5.2.1 DRIVERS 57
5.2.1.1 Growing need for green energy and noise-free aircraft 57
5.2.1.2 Increasing demand for an alternative mode of transport 57
FIGURE 19 INCREASING POPULATION ACROSS REGIONS TO INCREASE DEMAND FOR ALTERNATIVE MODE OF TRANSPORTATION 57
5.2.1.3 Improving technologies in batteries, motors, and power electronics 58
5.2.2 RESTRAINTS 58
5.2.2.1 Failures in the battery due to high voltage and thermal issues 58
5.2.2.2 eVTOL aircraft crash due to failure in software 59
5.2.2.3 Certification issues 59
FIGURE 20 EVTOL CERTIFICATION ECOSYSTEM 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Strategic developments in eVTOL aircraft 60
5.2.3.2 Upcoming application areas 60
5.2.4 CHALLENGES 61
5.2.4.1 Safety issues 61
5.2.4.2 Lack of regulatory standards 61
5.3 IMPACT OF COVID 19 62
5.4 OPERATIONAL DATA 62
TABLE 2 UAV DELIVERIES, BY TYPE, 2017-2020 62
5.5 RANGE AND SCENARIOS 63
FIGURE 21 EVTOL AIRCRAFT MARKET SCENARIOS: COVID-19 IMPACT 63
5.6 VALUE CHAIN ANALYSIS 64
FIGURE 22 EVTOL AIRCRAFT MARKET: VALUE CHAIN ANALYSIS 64
5.6.1 RAW MATERIALS 64
5.6.2 R&D 64
5.6.3 COMPONENT MANUFACTURING 64
5.6.4 OEMS 65
5.6.5 END USERS 65
5.7 EVTOL AIRCRAFT MARKET ECOSYSTEM 65
5.7.1 PROMINENT COMPANIES 65
5.7.2 PRIVATE AND SMALL ENTERPRISES 65
5.7.3 END USERS 65
FIGURE 23 EVTOL AIRCRAFT MARKET ECOSYSTEM 66
TABLE 3 EVTOL AIRCRAFT MARKET ECOSYSTEM 66
5.8 DISRUPTION IMPACTING CUSTOMER’S BUSINESS 67
FIGURE 24 EVTOL AIRCRAFT MARKET ECOSYSTEM 67
5.9 TRADE DATA ANALYSIS 68
5.10 PORTER’S FIVE FORCES ANALYSIS 69
TABLE 4 PORTER’S FIVE FORCES ANALYSIS 69
5.10.1 THREAT OF NEW ENTRANTS 70
5.10.2 THREAT OF SUBSTITUTES 70
5.10.3 BARGAINING POWER OF SUPPLIERS 70
5.10.4 BARGAINING POWER OF BUYERS 70
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 70
5.11 TECHNOLOGY ANALYSIS 71
5.11.1 LITHIUM-SULFUR BATTERIES 71
5.11.2 HYDROGEN FUEL CELLS 71
5.12 TARIFF AND REGULATORY LANDSCAPE 72
5.12.1 THE EUROPEAN UNION AVIATION SAFETY AGENCY (EASA) REGULATION 72
5.12.2 FEDERAL AVIATION ADMINISTRATION (FAA) REGULATION 72
 
6 INDUSTRY TRENDS 73
6.1 INTRODUCTION 73
6.2 EMERGING TRENDS 73
FIGURE 25 EMERGING TRENDS IN EVTOL AIRCRAFT MARKET 73
6.2.1 ARTIFICIAL INTELLIGENCE (AI) 74
6.2.2 BIG DATA ANALYTICS 74
6.2.3 INTERNET OF THINGS (IOT) 74
6.2.4 CYCLO-ROTOR EVTOL 75
6.2.5 URBAN AIR MOBILITY 75
6.2.6 ENERGY HARVESTING 76
6.2.7 HIGH POWER BATTERIES AND MOTORS 76
6.2.8 ADVANCED MATERIALS AND MANUFACTURING 76
6.2.9 DETECT AND AVOID SYSTEMS 77
6.3 CASE STUDY ANALYSIS 77
6.3.1 BETA TECHNOLOGIES DEVELOP EVTOL AIRCRAFT WITH MICROSTRAIN SENSORS BY PARKER LORD 77
6.3.2 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI 77
6.3.3 ISRAELI BASED AVIATION STARTUP AIR DEVELOPS EVTOL WITH COLLAPSIBLE WINGS THAT CAN FIT INTO A CAR GARAGE 77
6.4 INNOVATION & PATENT ANALYSIS 78
6.5 IMPACT OF MEGATREND 79
7 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY 80
7.1 INTRODUCTION 81
FIGURE 26 MULTIROTOR SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING THE FORECAST PERIOD 81
TABLE 5 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION) 81
TABLE 6 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2026 (USD MILLION) 82
7.2 VECTORED THRUST 82
7.2.1 EVTOL AIRCRAFT ARE SUITABLE FOR LONG-RANGE TRIPS AND INTERCITY TRANSPORTATION 82
7.3 MULTIROTOR 82
7.3.1 EVTOL AIRCRAFT WITH MULTIROTOR ARE MOSTLY USED FOR SHORT-RANGE OPERATIONS 82
7.4 LIFT PLUS CRUISE 82
7.4.1 INCREASING ADOPTION OF LIFT PLUS CRUISE DESIGN BY LEADING EVTOL MANUFACTURERS EXPECTED TO DRIVE THIS SEGMENT 82
8 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE 83
8.1 INTRODUCTION 84
FIGURE 27 FULLY ELECTRIC SEGMENT PROJECTED TO LEAD MARKET FOR EVTOL AIRCRAFT DURING FORECAST PERIOD 84
TABLE 7 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 84
TABLE 8 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 85
8.2 FULLY ELECTRIC 85
8.2.1 FULLY ELECTRIC PROPULSION PROVIDES QUASI-SILENT AIRCRAFT SUITABLE FOR URBAN TRAVEL WITH ZERO EMISSIONS 85
8.3 HYBRID ELECTRIC 85
8.3.1 HYBRID ELECTRIC PROPULSION PROVIDES LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES 85
8.4 HYDROGEN ELECTRIC 86
8.4.1 HYDROGEN ELECTRIC PROPULSION PROVIDE HIGH EFFICIENCY, LOW NOISE, AND LOW VIBRATION 86
9 EVTOL AIRCRAFT MARKET, BY SYSTEM 87
9.1 INTRODUCTION 88
FIGURE 28 BATTERIES & CELLS SEGMENT PROJECTED TO LEAD THE MARKET FOR EVTOL MARKET DURING FORECAST PERIOD 88
TABLE 9 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2017–2020 (USD MILLION) 88
TABLE 10 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2021–2030 (USD MILLION) 89
9.2 BATTERIES & CELLS 89
9.2.1 ADVANCEMENTS IN BATTERIES AND CELLS HELP OFFER HIGH POWER DENSITY TO EVTOL AIRCRAFT 89
9.3 ELECTRIC MOTORS/ENGINES 89
9.3.1 ELECTRIC MOTORS PROVIDE BETTER POWER DENSITY, WHILE HYBRID ELECTRIC PROPULSION PROVIDE A LONGER RANGE 89
9.4 AEROSTRUCTURES 90
9.4.1 ADVANCED MATERIALS USED IN AEROSTRUCTURES HELP EVTOL AIRCRAFT ENHANCE PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS 90
9.5 AVIONICS 90
9.5.1 ADVANCED AVIONICS REQUIRED FOR URBAN AIR MOBILITY DRIVING THIS SEGMENT 90
9.6 SOFTWARE 90
9.6.1 ADVANCED SOFTWARE ARE REQUIRED TO RUN COMPLICATED SYSTEMS OF EVTOL AIRCRAFT 90
9.7 OTHERS 91
9.7.1 ELECTRIC TECHNOLOGIES TO BE ADOPTED TO REDUCE WEIGHT OF AIRCRAFT AND INCREASE RELIABILITY 91
10 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION 92
10.1 INTRODUCTION 93
FIGURE 29 AUTONOMOUS SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING FORECAST PERIOD 93
TABLE 11 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 93
TABLE 12 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 94
10.2 PILOTED 94
10.2.1 NEED FOR QUICK TRANSPORTATION IS DRIVING THIS SEGMENT 94
10.3 AUTONOMOUS 94
10.3.1 REDUCTION OF HUMAN INTERVENTION LEADING TO INCREASED SAFETY IS DRIVING AUTONOMOUS SEGMENT 94
11 EVTOL AIRCRAFT MARKET, BY APPLICATION 95
11.1 INTRODUCTION 96
FIGURE 30 LAST MILE DELIVERY SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 96
TABLE 13 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 97
TABLE 14 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 97
11.2 AIR TAXIS 98
11.2.1 COUNTRIES EAGER TO ADOPT AIR TAXIS AS A WAY TO COPE UP WITH RAPIDLY EXPANDING MEGACITIES 98
11.3 AIR SHUTTLES & AIR METRO 98
11.3.1 AIR SHUTTLES & AIR METRO TO SOLVE LIMITATIONS OF CONVENTIONAL PUBLIC TRANSPORTATIONS 98
11.4 PRIVATE TRANSPORT 98
11.4.1 PRIVATE AIR TRANSPORT VEHICLES PROVIDE CONVENIENCE LIKE PRIVATE CARS WHILE OFFERING SPEED AND ROUTING EFFICIENCIES 98
11.5 CARGO TRANSPORT 99
11.5.1 DEVELOPMENT OF CARGO TRANSPORT BY KEY EVTOL AIRCRAFT MANUFACTURERS TO PROGRESS URBAN AIR MOBILITY APPLICATIONS 99
11.6 AIR AMBULANCE & MEDICAL EMERGENCY 99
11.6.1 INCREASING DEVELOPMENTS IN EVTOL AIRCRAFT ENABLING ORGAN TRANSPORT WILL DRIVE THIS SEGMENT 99
11.7 LAST MILE DELIVERY 99
11.7.1 INCREASED DEMAND FOR CONTACTLESS DELIVERIES TO DRIVE
THE DEMAND FOR EVTOL UAVS 99
11.8 INSPECTION & MONITORING 99
11.8.1 DRONES EQUIPPED WITH MULTISPECTRAL SENSORS ARE USED FOR INSPECTION AND MONITORING ACROSS INDUSTRIES 99
11.9 SURVEYING & MAPPING 100
11.9.1 AUTONOMOUS EVTOL ALLOW CAPTURING OF TOPOGRAPHIC DATA MUCH FASTER WITH LOWER MANPOWER 100
11.10 SURVEILLANCE 100
11.10.1 HI-TECH EVTOLS ARE MANUFACTURED FOR HIGHLY ADVANCED SURVEILLANCE 100
11.11 SPECIAL MISSION 101
11.11.1 UAVS ARE INCREASINGLY ADOPTED FOR CRITICAL MISSIONS 101
11.12 OTHERS 101
11.12.1 AUTONOMOUS EVTOLS ARE A MAJOR PART IN INDUSTRY AUTOMATION AND RECREATIONAL ACTIVITIES 101
 
12 EVTOL AIRCRAFT MARKET, BY MTOW 102
12.1 INTRODUCTION 103
FIGURE 31 EVTOL AIRCRAFT WITH AN MTOW OF 100-1,000 KG PROJECTED TO GROW AT A HIGH RATE DURING FORECAST PERIOD 103
TABLE 15 EVTOL AIRCRAFT MARKET, BY MTOW, 2017–2020 (USD MILLION) 103
TABLE 16 EVTOL AIRCRAFT MARKET, BY MTOW, 2021–2030 (USD MILLION) 104
12.2 <100 KG 104
12.2.1 SHORT MILE APPLICATIONS DRIVE LESS THAN 100 KG MTOW SEGMENT 104
12.3 100–1,000 KG 104
12.3.1 INCREASED CARGO TRANSPORTATION DRIVES THIS SEGMENT 104
12.4 1,000–2,000 KG 105
12.4.1 INTERCITY TRANSPORT OF PASSENGERS AND CARGO IS DRIVING THIS SEGMENT 105
12.5 >2,000 KG 105
12.5.1 DEMAND FOR INTRACITY TRANSPORTATION OF HEAVY CARGO DRIVES >2,000 KG SEGMENT 105
13 EVTOL AIRCRAFT MARKET, BY RANGE 106
13.1 INTRODUCTION 107
FIGURE 32 SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 107
TABLE 17 EVTOL AIRCRAFT MARKET, BY RANGE, 2017–2020 (USD MILLION) 107
TABLE 18 EVTOL AIRCRAFT MARKET, BY RANGE, 2021–2030 (USD MILLION) 107
13.2 <=200 KM 108
13.2.1 EVTOL AIRCRAFT WITH A RANGE OF <=200 KM IS PREFERRED FOR INTRACITY TRAVEL USING URBAN AIR MOBILITY SERVICES 108
13.3 >200 KM 108
13.3.1 EVTOL AIRCRAFT WITH A RANGE OF >200 KM HAVE A HIGHER BATTERY CAPACITY 108
14 REGIONAL ANALYSIS 109
14.1 INTRODUCTION 110
FIGURE 33 EVTOL AIRCRAFT MARKET: REGIONAL SNAPSHOT 110
14.2 IMPACT OF COVID-19 ON THE EVTOL AIRCRAFT MARKET 110
TABLE 19 EVTOL AIRCRAFT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 111
TABLE 20 EVTOL AIRCRAFT MARKET SIZE, BY REGION, 2021–2030 (USD MILLION) 111
14.3 NORTH AMERICA 112
FIGURE 34 NORTH AMERICA EVTOL AIRCRAFT MARKET SNAPSHOT 112
14.3.1 PESTLE ANALYSIS: NORTH AMERICA 112
TABLE 21 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 114
TABLE 22 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 114
TABLE 23 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 114
TABLE 24 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 115
TABLE 25 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 115
TABLE 26 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 115
14.3.2 US 115
14.3.2.1 Presence of leading OEMs to drive the market 115
TABLE 27 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 116
TABLE 28 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 116
TABLE 29 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 116
TABLE 30 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 116
14.3.3 CANADA 117
14.3.3.1 Aircraft modernization programs to drive the market 117
TABLE 31 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 117
TABLE 32 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 117
TABLE 33 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 117
TABLE 34 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 118
14.4 EUROPE 118
FIGURE 35 EUROPE EVTOL AIRCRAFT MARKET SNAPSHOT 118
14.4.1 PESTLE ANALYSIS 119
TABLE 35 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 120
TABLE 36 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 120
TABLE 37 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 121
TABLE 38 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 121
TABLE 39 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 121
TABLE 40 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 121
14.4.2 UK 122
14.4.2.1 Technological advancements in air travel to drive the market 122
TABLE 41 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 122
TABLE 42 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 122
TABLE 43 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 122
TABLE 44 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 123
14.4.3 FRANCE 123
14.4.3.1 Significant investments in the aviation industry to drive the market 123
TABLE 45 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 123
TABLE 46 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 123
TABLE 47 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 124
TABLE 48 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 124
14.4.4 GERMANY 124
14.4.4.1 Rising investments in air travel and connectivity to drive the market 124
TABLE 49 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 124
TABLE 50 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 125
TABLE 51 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 125
TABLE 52 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 125
14.4.5 SWITZERLAND 125
14.4.5.1 Increasing development towards a zero-carbon emission goal driving the eVTOL developments 125
TABLE 53 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 126
TABLE 54 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030(USD MILLION) 126
14.4.6 THE NETHERLANDS 126
14.4.6.1 Strategic partnerships to develop the UAM ecosystem in the country will drive the market 126
TABLE 55 THE NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 126
TABLE 56 THE NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 127
14.4.7 REST OF EUROPE 127
14.4.7.1 Presence of leading eVTOL manufacturers and the need for reducing carbon footprint expected to boost the market 127
TABLE 57 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 127
TABLE 58 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 127
TABLE 59 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 128
TABLE 60 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 128
14.5 ASIA PACIFIC 129
FIGURE 36 ASIA PACIFIC EVTOL AIRCRAFT MARKET SNAPSHOT 129
14.5.1 PESTLE ANALYSIS: ASIA PACIFIC 130
TABLE 61 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 131
TABLE 62 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 131
TABLE 63 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 132
TABLE 64 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 132
TABLE 65 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 132
TABLE 66 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 132
14.5.2 CHINA 133
14.5.2.1 Increasing domestic travel and air traffic to drive the market 133
TABLE 67 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 133
TABLE 68 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 133
TABLE 69 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 133
TABLE 70 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 134
14.5.3 INDIA 134
14.5.3.1 Five-year modernization plan for armed forces to drive the market 134
TABLE 71 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 134
TABLE 72 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 134
TABLE 73 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 135
TABLE 74 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 135
14.5.4 JAPAN 135
14.5.4.1 Increasing in-house development of aircraft to drive the market 135
TABLE 75 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 135
TABLE 76 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 136
TABLE 77 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 136
TABLE 78 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 136
 
14.5.5 AUSTRALIA 136
14.5.5.1 Increase in air traffic and new aircraft deliveries to drive the market 136
TABLE 79 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 137
TABLE 80 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 137
TABLE 81 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 137
TABLE 82 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 137
14.5.6 SOUTH KOREA 138
14.5.6.1 South Korea plans to commercialize urban air taxis by 2025, with complete autonomous UAM operations by 2035 138
TABLE 83 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 138
TABLE 84 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 138
TABLE 85 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 138
TABLE 86 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 139
14.5.7 REST OF ASIA PACIFIC 139
14.5.7.1 Increasing investment in UAM projects, as well as military spending, will drive market 139
TABLE 87 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION) 139
TABLE 88 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION) 139
TABLE 89 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 140
TABLE 90 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 140
14.6 MIDDLE EAST 140
14.6.1 PESTLE ANALYSIS 140
TABLE 91 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 141
TABLE 92 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 142
TABLE 93 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 142
TABLE 94 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 142
TABLE 95 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 143
TABLE 96 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 143
 
14.6.2 ISRAEL 143
14.6.2.1 Increased spending on R&D for UAVs for military and commercial applications to drive the market 143
TABLE 97 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 144
TABLE 98 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 144
TABLE 99 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 144
TABLE 100 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 144
14.6.3 UAE 145
14.6.3.1 Increased focus to establish an efficient urban air mobility ecosystem will drive the market 145
TABLE 101 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 145
TABLE 102 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 145
TABLE 103 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 145
TABLE 104 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 146
14.6.4 SAUDI ARABIA 146
14.6.4.1 Increased investments in eVTOL technology will drive the market in this country 146
TABLE 105 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 146
TABLE 106 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 146
TABLE 107 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 147
TABLE 108 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 147
14.6.5 TURKEY 147
14.6.5.1 Increased spending towards technologically advanced UAVs and eVTOL aircraft to drive the market 147
TABLE 109 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 147
TABLE 110 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 148
TABLE 111 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 148
TABLE 112 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 148
14.6.6 REST OF MIDDLE EAST 148
14.6.6.1 Increasing military spending to drive the market 148
TABLE 113 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION) 149
TABLE 114 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION) 149
TABLE 115 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 149
TABLE 116 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 149
14.7 LATIN AMERICA 150
14.7.1 PESTLE ANALYSIS 150
TABLE 117 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 151
TABLE 118 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 151
TABLE 119 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 151
TABLE 120 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 152
TABLE 121 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 152
TABLE 122 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 152
14.7.2 BRAZIL 153
14.7.2.1 Brazil to witness air taxi services by Airbus for intercity and intracity travel to reduce travel time 153
TABLE 123 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 153
TABLE 124 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 153
TABLE 125 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 153
TABLE 126 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 154
14.7.3 MEXICO 154
14.7.3.1 Airbus, with the establishment of its new UAM unit, aims to lay the foundation for more efficient and sustainable city travel 154
TABLE 127 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 154
TABLE 128 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 154
TABLE 129 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 155
TABLE 130 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 155
14.7.4 REST OF LATIN AMERICA 155
TABLE 131 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION) 155
TABLE 132 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION) 155
TABLE 133 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 156
TABLE 134 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 156
14.8 AFRICA 156
TABLE 135 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2017–2020 (USD MILLION) 156
TABLE 136 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY,
2021–2030 (USD MILLION) 157
TABLE 137 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 157
TABLE 138 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 157
15 COMPETITIVE LANDSCAPE 158
15.1 INTRODUCTION 158
15.2 MARKET SHARE ANALYSIS, 2020 158
TABLE 139 DEGREE OF COMPETITION 158
FIGURE 37 MARKET SHARE OF TOP PLAYERS IN THE EVTOL AIRCRAFT MARKET, 2020 (%) 159
15.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020 160
FIGURE 38 REVENUE ANALYSIS OF THE TOP 5 PLAYERS IN THE EVTOL AIRCRAFT MARKET 160
15.4 COMPANY EVALUATION QUADRANT 160
15.4.1 STAR 160
15.4.2 EMERGING LEADER 160
15.4.3 PERVASIVE 160
15.4.4 PARTICIPANT 160
FIGURE 39 EVTOL AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020 161
15.5 STARTUPS EVALUATION QUADRANT 162
15.5.1 PROGRESSIVE COMPANIES 162
15.5.2 RESPONSIVE COMPANIES 162
15.5.3 DYNAMIC COMPANIES 162
15.5.4 STARTING BLOCKS 162
FIGURE 40 EVTOL AIRCRAFT MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020 163
TABLE 140 PRODUCT FOOTPRINT 164
TABLE 141 APPLICATION FOOTPRINT 165
TABLE 142 RANGE FOOTPRINT 166
TABLE 143 SYSTEM FOOTPRINT 167
TABLE 144 REGIONAL FOOTPRINT 168
15.6 COMPETITIVE SCENARIO 169
15.6.1 DEALS 169
TABLE 145 DEALS, 2017–2021 169
15.6.2 PRODUCT LAUNCHES 178
TABLE 146 PRODUCT LAUNCHES, 2017–2021 178
15.6.3 OTHERS 179
TABLE 147 OTHERS, 2017–2021 179
16 COMPANY PROFILES 180
16.1 KEY PLAYERS 180
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
16.1.1 AIRBUS SE 180
TABLE 148 AIRBUS SE: BUSINESS OVERVIEW 180
FIGURE 41 AIRBUS SE.: COMPANY SNAPSHOT 181
TABLE 149 AIRBUS SE.: DEALS 183
16.1.2 ELBIT SYSTEMS LTD. 184
TABLE 150 ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW 184
FIGURE 42 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT 185
TABLE 151 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 152 ELBIT SYSTEMS LTD.: NEW PRODUCT DEVELOPMENTS 187
TABLE 153 ELBIT SYSTEMS LTD: DEALS 188
16.1.3 BELL TEXTRON INC. 189
TABLE 154 BELL TEXTRON INC.: BUSINESS OVERVIEW 189
FIGURE 43 BELL TEXTRON INC.: COMPANY SNAPSHOT 189
TABLE 155 BELL TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
16.1.4 EHANG HOLDINGS LTD. 192
TABLE 156 EHANG HOLDINGS LTD.: BUSINESS OVERVIEW 192
FIGURE 44 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT 192
TABLE 157 EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
16.1.5 EMBRAER SA 195
TABLE 158 EMBRAER SA: BUSINESS OVERVIEW 195
FIGURE 45 EMBRAER SA: COMPANY SNAPSHOT 196
TABLE 159 EMBRAER SA PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
TABLE 160 EMBRAER SA: DEALS 197
16.1.6 ISRAEL AEROSPACE INDUSTRIES 198
TABLE 161 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW 198
FIGURE 46 ISRAEL AEROSPACE INDUSTRIES.: COMPANY SNAPSHOT 199
TABLE 162 ISRAEL AEROSPACE INDUSTRIES PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
16.1.7 PIPISTREL 200
TABLE 163 PIPISTREL: BUSINESS OVERVIEW 200
TABLE 164 PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 165 PIPISTREL: DEALS 201
16.1.8 ELROY AIR 202
TABLE 166 ELROY AIR: BUSINESS OVERVIEW 202
TABLE 167 ELROY AIR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 168 ELROY AIR: DEALS 203
16.1.9 LILIUM GMBH 204
TABLE 169 LILIUM GMBH: BUSINESS OVERVIEW 204
TABLE 170 LILIUM GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
TABLE 171 LILIUM GMBH: DEALS 205
16.1.10 JOBY AVIATION, INC 206
TABLE 172 JOBY AVIATION, INC: BUSINESS OVERVIEW 206
TABLE 173 JOBY AVIATION, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
TABLE 174 JOBY AVIATION, INC: DEALS 207
16.1.11 ARCHER AVIATION INC. 208
TABLE 175 ARCHER AVIATION INC.: BUSINESS OVERVIEW 208
TABLE 176 ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
TABLE 177 ARCHER AVIATION INC.: DEALS 209
16.1.12 VOLOCOPTER GMBH 210
TABLE 178 VOLOCOPTER GMBH: BUSINESS OVERVIEW 210
TABLE 179 VOLOCOPTER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 180 VOLOCOPTER GMBH.: DEALS 211
16.1.13 SZ DJI TECHNOLOGY CO., LTD. 213
TABLE 181 SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW 213
TABLE 182 DJI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
16.1.14 SAMAD AEROSPACE 215
TABLE 183 SAMAD AEROSPACE: BUSINESS OVERVIEW 215
TABLE 184 SAMAD AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
16.1.15 AURORA FLIGHT SCIENCES 216
TABLE 185 AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW 216
TABLE 186 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 187 AURORA FLIGHT SCIENCES: DEALS 216
16.1.16 VERTICAL AEROSPACE GROUP LTD. 217
TABLE 188 VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW 217
TABLE 189 VERTICAL AEROSPACE GROUP LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217
TABLE 190 VERTICAL AEROSPACE GROUP LTD.: DEALS 218
16.1.17 URBAN AERONAUTICS LTD. 219
TABLE 191 URBAN AERONAUTICS LTD.: BUSINESS OVERVIEW 219
TABLE 192 URBAN AERONAUTICS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 193 URBAN AERONAUTICS LTD.: DEALS 220
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
16.2 OTHER PLAYERS 221
16.2.1 JAUNT AIR MOBILITY 221
TABLE 194 JAUNT AIR MOBILITY: COMPANY OVERVIEW 221
16.2.2 OVERAIR 221
TABLE 195 OVERAIR: COMPANY OVERVIEW 221
16.2.3 BETA TECHNOLOGIES 222
TABLE 196 BETA TECHNOLOGIES: COMPANY OVERVIEW 222
16.2.4 DELOREAN AEROSPACE 222
TABLE 197 DELOREAN AEROSPACE: COMPANY OVERVIEW 222
16.2.5 SKYDRIVE INC. 223
TABLE 198 SKYDRIVE INC.: COMPANY OVERVIEW 223
16.2.6 TERRAFUGIA 224
TABLE 199 TERRAFUGIA: COMPANY OVERVIEW 224
16.2.7 WISK AERO LLC. 224
TABLE 200 WISK AERO LLC.: COMPANY OVERVIEW 224
16.2.8 OPENER, INC. 225
TABLE 201 OPENER, INC.: COMPANY OVERVIEW 225
17 APPENDIX 226
17.1 DISCUSSION GUIDE 226
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 230
17.3 AVAILABLE CUSTOMIZATION 232
17.4 RELATED REPORTS 232
17.5 AUTHOR DETAILS 233

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

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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