Electric Aircraft Market
Electric Aircraft Market Size was valued at USD 14.8 billion in 2022. The electric aircraft market industry is projected to grow from USD 17.0 Billion in 2023 to USD 40.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.40% during the forecast period (2023 - 2030).
An electric aircraft is an aircraft power-driven by electric motors. Electric energy may be supplied by several methods, including ground power cables, batteries, solar cells, power beaming ultra-capacitors, and fuel cells. Rising fuel prices have become a major concern for aircraft companies. This is impelling them to look for alternatives to conventional fuel sources. Thus, the focus on electrical energy as an eco-friendly and efficient alternative to conventional fuel may increase the Electric Aircraft Market Share demand over the forecast period. The use of electric aircraft will help in reducing noise, air, and ground pollution, as a result, minimizing the hazards of global warming. This is estimated to drive the rising demand for the electric aircraft market.
The latest trends gaining momentum in the electric aircraft market is the growth of combined propulsion control for the overall steadiness during normal and emergency operations in the aircraft. To achieve capable combined propulsion control, the electric power management system is connected with every process of the aircraft, which requires a stable power supply and swift turnaround response in case of an emergency landing. This will also drive the market during the forecast period.
North America is estimated to be a prominent region for the electric aircraft market during the forecast period. Rise in developments in the military sector, such as the procurement of lightweight aircraft and innovative military jets, is expected to increase the demand for the electric aircraft market in North America. In Asia Pacific, India and China are estimated to grow at a significant rate, during the forecast period, as these countries follow the Environmental Protection Agency (EPA) and International Civil Aviation Organization (ICAO) emission norms to combat air pollution.
Key Players
Electric Aircraft Market Players in are Bye Aerospace (U.S.), DeLorean Aerospace (U.S.), Eviation Aircraft (Israel), Electric Aircraft Corporation (U.S.), Lilium (Germany), PC Aero (Germany), Pipistrel (U.K), Siemens (Germany), Schempp-Hirth (Germany), Volta-Volaré (U.S.), Yuneec International (China), and Zunum Aero (U.S.).
Scope of the Report
This study provides an overview of the global Electric Aircraft Market Trends, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the Middle East Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Electric Aircraft market by its Technology, Power Source, Range, Application, and Region.
By Technology
- Hybrid Aircraft
- Solar-Powered
- Fuel-Powered
- All Electric Aircraft
By Power Source
- Battery
- Solar Cells
- Fuel Cells
- Ultra-Capacitors
- Others
By Range
- Less than 600 Km
- More than 600 Km
By Application
- Commercial
- Military
By Region
- North America
- Europe
- Asia Pacific
- Middle East Africa
- Latin America
Electric Aircraft Market by Technology (Hybrid Aircraft, All Electric Aircraft), Power Source (Battery, Solar Cells, Fuel Cells, Others), by Range (Less than 600 Km, more than 600 Km), Application (Commercial, Military), and by Region - Forecast Till 2030
Related Links:
- Vehicle Intercom System Market Research Report: Information By Technology (Analog and Digital), Application (Military Vehicles, Commercial Vehicles, Airport Ground Support Vehicles and Emergency Vehicles), Component (Central Unit, Crew Control Unit, Wireless Intercom Unit, Headset Dismounted Interface, Intercom User Unit (IUU), Radio Interface Unit, Loudspeaker Unit, Wire/Cable, Tactical Ethernet Switch and Adapter), Type (Wired and Wireless) - Forecast till 2030
- Fiber Optic Cables for Military and Aerospace Market Research Report: Information By Type (Single-Mode and Multi-Mode), Application (Avionics, Cabin Interiors, Communication Systems, Electronic Warfare, Flight Management Systems, In-Flight Entertainment (IFE) Systems, Radar Systems and Others), End-Use (Commercial, Military and Space) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
