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The aircraft electrification market size is forecast to increase by USD 10.2 billion at a CAGR of 18.52% between 2023 and 2028. The market is experiencing significant growth due to the increasing focus on environmental sustainability and the need to mitigate climate change. Conventional aviation's carbon footprint is a major concern, leading to the exploration of electric solutions. Battery technology plays a crucial role in aircraft electrification, with advancements in energy storage capacities, particularly in lithium-ion batteries, driving progress. Lightweight and high-performance solutions are essential for aircraft applications, requiring ongoing research into chemical compositions and power distribution systems. Mechanical systems, such as hydraulics, are being electrified, necessitating the development of electrical architectures to support these transitions. The high development costs associated with aircraft electrification are a challenge, but the potential benefits in terms of reduced emissions and improved efficiency make it a worthwhile investment.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Platform
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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