Electrified Aircraft Industry to Reach $45B by 2025 [Report]

A forecast released this week anticipates the market for electrified aircraft systems will climb by approximately 50 percent by 2025.

The report from Global Market Insights analyzed the “more electric aircraft” market and predicted that the segment’s value would rise from $30 billion last year to some $45 billion by the end of the forecast window.

GMI analysts cited an overall increase in aircraft production to meet carrier and passenger demand, as well as increased emphasis from aircraft manufacturers on electric components research and development.

The more fuel-efficient aircraft, the report noted, offered lower weight and reduce noise levels, along with the ability to use fewer engine components and highly reliable power electronics.

“Growing adoption of greener air carriers will propel the more electric aircraft market growth,” analysts wrote. “The carriers offer reduced maintenance cost and improved reliability with elimination of maintenance-intensive components such as bleed system.”

The forecast expected to see increased demand, in particular, for more fuel-efficient widebody jetliners, such as the Boeing 787 and Airbus A380.