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The Aircraft Electrification Market is on the cusp of a major transformation, revolutionizing the aviation industry by providing environmentally friendly, quieter, and cost-effective flight solutions. In 2024, the market holds a value of USD 6.85 billion, with an expected annual growth rate of 11.6% from 2025 to 2033. By 2033, the market is forecasted to reach approximately USD 18.75 billion. This growth is driven by key factors such as the increasing cost of conventional aviation fuel, tighter emission regulations globally, and the push for more sustainable and energy-efficient aviation technologies.
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