Benefits of Electric Propulsion Systems in Aviation The aircraft electrification market was estimated at USD 6.8 billion in 2022 and is likely to grow at a CAGR of 14.09% during 2023-2028 to reach USD 15.04 billion in 2028. Aircraft electrification involves replacing traditional mechanical, hydraulic, and pneumatic systems with electrically powered alternatives. This transition integrates electric propulsion systems, energy storage solutions, and electrical distribution networks to power various aircraft functions, thus, enhancing efficiency, reducing emissions, and improving performance. Key components include electric propulsion systems, energy storage devices like batteries, advanced electrical distribution networks, and power management systems. Read More: https://www.stratviewresearch.com/863/aircraft-electrification-market.html