The Electric & Hybrid-electric aircraft propulsion system market has some prominent players who constantly adopt new strategies to enhance their market presence and to increase their annual revenue. The prominent players in the Electric & Hybrid-electric Aircraft Propulsion System market adopted strategies such as product launch, contracts, mergers, and acquisitions to expand their market presence. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. The Electric & Hybrid-electric aircraft propulsion system market is highly competitive and requires manufacturers to continually innovate and develop cutting-edge technology. The existing companies, which are expected to develop next-generation defense solutions to cater to the need for future applications, could benefit from the Electric & Hybrid-electric aircraft propulsion system market.
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The prominent companies in the Electric & Hybrid-electric aircraft propulsion system market include Airbus S.A.S, Rolls-Royce Holdings plc., Boeing Co, Cranfield Aerospace Solutions 3W International GmbH, General Electric Company, GKN Aerospace Service Limited, Honeywell International Inc., Leonardo S.p.A., Lockheed Martin Corporation, MagniX, Rolls-Royce Holdings plc., Safran S.A., Siemens AG, The Raytheon Company, and Israel Aerospace Industries.
There is a considerable push from governments toward developing eco-friendly air travel technologies, owing to the impending need for Electric & Hybrid-electric Aircraft Propulsion System. By leveraging such technologies, governments are planning to decrease their pollution level.
The Electric & Hybrid-electric aircraft propulsion system market research study offers a broad perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
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Aviation is one of the major industries that adopt advanced technologies to enhance its operational effectiveness. Emerging markets, rapid urbanization, and a faster rise in world urban populations are boosting air traffic demand and are estimated to sustain that growth into the future. According to Boeing’s commercial market outlook (CMO) 2020 report, during the last decade, emerging markets produced approximately 40% of new passenger traffic. An overall rise in consumer expenditure and a shift to service-based economies in developing markets have led to an enhanced progression in air travel.
