Hybrid Propulsion Aircraft Engines Market Size, Share, Industry, Forecast and outlook (2024-2031)

Hybrid Propulsion Aircraft Engines Market is segmented By Aircraft Type (General Aircraft, Commercial Aircraft, Military Aircraft), By Component (Electric Motor, Power Generation System, Fuel-based Engines), By Power Range (Short Range, Medium Range, Long Range), By End-User (Commercial Airlines, Government Agencies, Military and Defense), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Hybrid Propulsion Aircraft Engines Market Size

Global Hybrid Propulsion Aircraft Engines Market reached USD 24.3 billion in 2022 and is expected to reach USD 42.1 billion by 2030, growing with a CAGR of 7.3% during the forecast period 2023-2030.  In hybrid-electric aircraft, propellers, fuel-powered engines and batteries are all used. It occasionally integrates traditional jet engines with propellers driven by electricity.

The specific class of electric aircraft enables a design that would be impossible with only fuel-powered engines. It has several electric propellers, that help in effective aerodynamics and drive the global hybrid propulsion aircraft engines market. During the forecast period 2023-2030, Asia-Pacific is expected to grow significantly, accounting for around 1/4th of the global hybrid propulsion aircraft engine market. Rising defence budgets and air fleets in growing countries like India and China are expected to boost regional growth.

Hybrid Propulsion Aircraft Engines Market Scope

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Hybrid Propulsion Aircraft Engines Market Dynamics

Fuel and Cost Efficiency

 Hybrid propulsion engines combine several power sources, such as traditional fuel engines with electric motors, to optimise fuel usage and overall efficiency. The potential of reducing fuel consumption results in cost savings for airlines, which is a major motivator of hybrid propulsion aircraft engine adoption. The acceptance of hybrid electric and fully electric concepts, supported by advancements in electrical component technology, can contribute in the settlement of difficulties connected to decreasing the environmental impact of transport aircraft. 

 To lower aircraft emissions, aircraft manufacturers are working on advanced aircraft propulsion systems. The implementation of the advanced electric aircraft technology creates challenge to the traditional design, size, and performance of the aircraft. U.S. and Russia were among the first to begin investing in hybrid aircraft, but the technology rapidly spread to other countries. The demand for hybrid propulsion aircraft engines is expected to rise as many countries boost their military spending and expenditure on hybrid aircrafts.

Rise in Environmental Concerns

Environmental concerns and strict pollution rules are driving demand for greener and more fuel-efficient aircraft engines. Hybrid propulsion engines minimise pollution, fuel consumption and noise, making them a viable choice for aircraft producers and operators.

The growing demand for environmental protection has pushed the hybrid aviation sector towards a one-way green aviation model and innovations in technology to meet this demand will hinder the hybrid aviation industry's considerable improvements. The bulk of aviation kerosene used in standard aeroplanes emits carbon dioxide (CO2), nitrogen oxides (NOx), hydrocarbons, carbon monoxide (CO) and other pollutants.

High Costs of Development and Limited Infrastructure

 Hybrid propulsion systems necessitate large investments in R&D and manufacturing. High expenses are associated with the development of new electric propulsion technologies, energy storage systems and integration with conventional engines. Furthermore, improving existing aircraft with hybrid engines can be complex and costly. 

The high upfront costs of hybrid propulsion systems may discourage aircraft manufacturers and operators, especially in a price-sensitive industry. A lack of suitable charging infrastructure may impede the broad use of hybrid propulsion engines, especially in areas with restricted charging capacities. The requirement for infrastructure development is a challenge that must be addressed in order for the market to grow.

Hybrid Propulsion Aircraft Engines Market Segment Analysis

The global hybrid propulsion aircraft engines market is segmented based on aircraft type, component, power range, end-user and region.

Rising Demand for Narrow-body Aircraft Drives Commercial Aircraft Growth

During the forecast period, commercial aircrafts account for around one-third of the global hybrid propulsion aircraft engines market, owing mostly to increased demand for narrow-body aircraft due to an increase in domestic passengers. According to data from the Bureau of Transportation Statistics (BTS), airlines in U.S. carried 674 million passengers in 2021, a rise of 82.5% from the previous year. 

The reopening of U.S. market to vaccinated travellers has also helped other markets recover. Large-scale aircraft deliveries are expected for 2023 by major airlines such as American Airlines, Delta Air Lines and United Airlines, while freight carriers such as Air Canada are rapidly developing and upgrading their fleets.

Source: DataM Intelligence Analysis (2023)

Global Hybrid Propulsion Aircraft Engines Market Geographical Share

Rising Manufacturing of Aircrafts in North America

North America hybrid propulsion aircraft engines market has witnessed significant growth covering more than 1/3rd of the market share in 2022. Rising manufacturing and the expansion of the aerospace sector have driven aircraft engine manufacturers to develop technologically innovative and efficient engines for a wide range of aircraft. 

According to the Stockholm International Peace Research Institute (SIPRI), U.S.’s military expenditures would climb by over 2.9% in 2021 to exceed USD 801 billion, making it the world's top defence spending country, accounting for 38% of worldwide spending. The players are focusing on R&D to expand their product line and create aviation engines with technologically advanced systems, subsystems and other components. The growing need for aviation engines in the region, as well as the presence of significant competitors like General Electric Company and Honeywell International Inc. 

Source: DataM Intelligence Analysis (2023)

Hybrid Propulsion Aircraft Engines Market Companies

The major global players include Cranfield Aerospace Solutions, Airbus, Alakai Technologies, GKN Aerospace Services Limited, Lockheed Martin Corporation, Safran S.A., Siemens AG, Boeing, Rolls-Royce Holdings plc. and Raytheon Technologies Corporation.

COVID-19 Impact on Hybrid Propulsion Aircraft Engines Market 

The lockdown has had an impact on many firms, especially those classified as non-essential, such as the aviation and defense industries.  The spread of COVID-19, combined with the aviation industry's response, has resulted in a historic decline in global air traffic. In March 2020, the average number of flights per day was 145,000, a 17.61 percent reduction from 176,000 in March 2019. Furthermore, after various governments around the world enforced air travel restrictions, commercial air traffic decreased by 41% in March 2019. 

Passenger traffic has begun to recover from the effects of the pandemic and is expected to return to pre-pandemic levels by the end of 2023. According to the International Air Transport Association (IATA), there were 231 narrow-body and 41 wide-body aircraft deliveries in North America as of December 2021, with 361 narrow-body and 52 wide-body aircraft deliveries in 2022. The market is expected to increase slowly, which will benefit the global hybrid propulsion aircraft engines market.

Russia-Ukraine War Impact 

The conflict has the potential to disrupt worldwide logistics for aircraft engines and associated components. If important manufacturers or suppliers of hybrid propulsion systems are located in war-affected areas, production and delivery of these engines are delayed or interrupted. It has the potential to affect the accessibility and lead times of hybrid propulsion systems for aircraft manufacturers all over the world.

The war could increase the focus on defence and military applications of aircraft engines. To improve operational capabilities and reduce reliance on foreign suppliers, governments and defence organisations may prioritise the development and purchasing of hybrid propulsion systems for military aircraft. The shift in emphasis to defence applications may have an immediate influence on commercial acceptance and development of hybrid propulsion engines.

Airbus urged European policymakers not to impose limits on Russian titanium imports. According to Airbus, metal sanctions could damage European planes while having an impact on the Russian economy. Boeing estimates that the developments in Ukraine and the restrictions imposed on aircraft supplies to Russia will have an impact on up to 141 of its aircraft on order, 90 of which are 737 MAX models.

Key Developments

• In 2022, the National Research Council of Canada will expand research with its Cessna 337G Skymaster Hybrid-Electric Aircraft Propulsion Testbed into new domains under the recently established Low-Emission Aviation Programme.
• In 2022, Raytheon Technologies, an American multinational aerospace and defence corporation located in Arlington, Virginia, completed the first ground test of its unique hybrid-electric engine. The engine will be installed on a De Havilland Canada Dash 8 demonstrator plane, with a test flight scheduled for 2024.
• In 2022, a group of aerospace technology firms announced the formation of a collaborative venture to develop hybrid-electric and water-enhanced turbofan technologies for future aircraft propulsion systems, with funding from the European Union Clean Aviation Joint Undertaking. MTU Aero Engines AG, Pratt & Whitney, Collins Aerospace, GKN Aerospace, Airbus and others hope to show how these technologies can enhance fuel efficiency and minimize CO2 emissions by up to 25% as compared to modern state-of-the-art propulsion systems for short- and medium-range aircraft.

Why Purchase the Report?

• To visualize the global hybrid propulsion aircraft engines market segmentation based on aircraft type, component, power range, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of hybrid propulsion aircraft engines market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global hybrid propulsion aircraft engines market report would provide approximately 69 tables, 69 figures and 205 Pages.

Power Range 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies