That Market share of electrified aircraft engines is projected to reach US$6 billion in 2021 and US$20 billion by 2030, with a CAGR of 14.3% over the projected period. The advent of cleaner and greener aircraft, advances in sophisticated air mobility and alternative energy sources are driving demand for electrified aircraft engines.

Due to the announced lockdowns and government restrictions on public gatherings due to the COVID-19 epidemic, research and development in the electrified aircraft engine market has been hampered worldwide.

The pandemic has slowed production of components including lithium-ion batteries and other power electronics parts. When the globe returns to normal, sales of electrified aircraft engines will increase significantly.

The lack of spare parts hinders further research and development of prototypes. Current restrictions mean companies are unable to test their prepared prototypes, but this is expected to resume once aircraft propulsion restrictions are lifted.

With the growing size of the global aircraft fleet and increasing air travel, emissions problems are expected to increase further.

As a result, there is a desire for electrified aircraft, which will likely help reduce CO2 emissions. Institutions and local authorities such as the International Civil Aviation Organisation, the German Federal Aviation Administration and the European Union Air Safety Agency have asked for viable alternatives to jet fuel.

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Manufacturers are striving to change effectiveness by replacing hydraulically operated systems with electrical systems in the electrification of…