Global Next-Gen Aircraft Propulsion System Market to Reach $88.28bn by 2035

The global next-gen aircraft propulsion system market is projected to reach $88.28 billion by 2035, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 16.34% during the period 2025-2035.

The next-gen aircraft propulsion system is an all-electric aircraft system. The next-gen aircraft propulsion system is going to be a much safer and more efficient option in aircraft propulsion. This type of propulsion system is expected to have significantly less impact on the environment in comparison to the present scenario. Over the years it has been observed by research that the used of electric aircraft can reduce the CO2e emissions significantly. Hence, a steady increase has been observed in the electrification of aircraft systems. Further, research on hydrogen, solar, and electrical propulsion, and investments in electric, hybrid, or hydrogen-based aircraft designs.

Haidar Ali, Lead Analyst, states, " Increasing number of airline passengers has led to the global aviation community working to counteract the negative environmental effects of air travel – especially through nitrous oxide and carbon reduction, as well as the decrease of noise pollution.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The key players profiled in the report 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.

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