Aircraft Electrification Market Size & Report Forecast to 2028
Aircraft electrification market is expected to grow from US$ 1,977.47 million in 2021 to US$ 14,683.71 million by 2028; it is estimated to grow at aCAGR of 34.1% between 2022 and 2028. The aircraft industry across the world is continuously evolving with new and advanced technologies, which helps improve the overall aircraft operational efficiency and reduce environmental emissions. Federal Aviation Administration (FAA), Air Transport Association (ATA), International Air Transport Association (IATA), and other regulatory bodies are putting up stringent regulations to reduce the carbon emissions from the aviation sector.
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