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The electric and hybrid aircraft propulsion system market size is forecast to increase by USD 12.31 billion at a CAGR of 4.53% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for light and ultralight electric aircraft. This trend is driven by the environmental benefits and cost-effectiveness of electric propulsion systems, making them an attractive alternative to traditional fossil fuel-based systems. Additionally, the increased use of electrical systems in modern aircraft is leading to the integration of electric propulsion systems in various aircraft types. However, the market growth is challenged by the limitations of existing battery technology, which includes low energy density, high weight, and long charging times. Despite these challenges, advancements in battery technology and government initiatives to reduce carbon emissions are expected to provide opportunities for market growth. Overall, the market is poised for growth, driven by the demand for sustainable and cost-effective aviation solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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