Market Share of Electric Propulsion Systems Industry
The electric propulsion systems market is fragmented in nature. SITAEL SpA., Busek Co. Inc., General Electric Company, Thales Alenia Space, and Safran SA are some of the prominent market players. These companies mainly design, manufacture, and integrate complete electric propulsion systems for all application platforms.
The market studied is highly competitive and is still evolving. Hence, long-term collaborations are preferred in the whole supply chain to gain a competitive advantage and effectively conduct extensive R&D to develop sophisticated systems based on the MEA architecture. This threatens new market entrants for participating in commercial and military aircraft programs. Volkswagen, Toyota, and Volvo were estimated to be the most prominent players in the land sector for automobiles. In contrast, Chinese players are evaluated to account for a larger market share in the forecast period.
Electric Propulsion Systems Market Leaders
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Sitael S.p.A.
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Busek Co. Inc.
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Safran SA
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Thales Alenia Space
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General Electric Company
*Disclaimer: Major Players sorted in no particular order
