Market Overview:
The global electric aircraft market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric aircraft for ultralight and light jet applications. Additionally, the increasing focus on reducing greenhouse gas emissions is also propelling the growth of the global electric aircraft market. However, high initial costs associated with electric aircraft are restraining its adoption in certain regions across the globe. Some of the major players operating in this market include Airbus SE (Netherlands), Boeing (US), Embraer S.A. (Brazil), Bombardier Inc.(Canada) and Mitsubishi Aircraft Corporation(Japan).
Product Definition:
An electric aircraft is an aircraft that uses electrical power to fly. Electrical power may come from a variety of sources, including batteries, solar cells, and a range of engines that convert various fuels to electricity.
Hybrid:
Hybrid Electric Aircraft Market Size, Share & Trends Analysis Report By Type (Powered, Non-Powered), By Application (Commercial, Military), And Segment Forecasts, 2018 - 2025 -> The global hybrid electric aircraft market size was valued at USD 8.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
All Electric:
All electric aircraft market is expected to witness significant growth over the forecast period owing to increasing focus on reducing harmful emissions and noise. The market is in its nascent stage; however, it holds immense potential for innovation and technology advancement. Aircraft manufacturers are increasingly turning toward electrification of aircraft as an effective way of reducing pollution caused by conventional fuel-driven machines. Electrification also offers benefits such as increased range, reduced weight & cost, improved efficiency & performance at high/low temperatures etc.
Application Insights:
The light jet segment dominated the global electric aircraft market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for short-range travel and growing preference for a luxury experience. Moreover, light jets are easier to maneuver than large aircraft, which makes them suitable for tight urban areas where airports have limited space available.
The ultra-light jet segment is also expected to witness considerable growth over the forecast period due largely to increased production of these types of aircraft as they provide an economical mode of air transportation that can be used on short trips across town or around regional area without incurring additional cost as compared with business class tickets on commercial airplanes. Furthermore, ultra-light jets consume little fuel and emit low levels of pollution during take off and landing making them ideal for use in environmentally sensitive regions such as Uyghuristan (China) or Patagonia (Argentina).
Regional Analysis:
North America accounted for the largest market share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing demand from UAV operators and aircraft manufacturers. Moreover, presence of key players such as Pipers Aviation, Inc., and Ascending Technologies LLC in this region will have a positive impact on industry growth. Ascending Technologies LLC has developed an electric airplane with folding wings for urban air mobility that can take off vertically and land horizontally like a helicopter, which is suitable for operation even in congested airports.
Growth Factors:
- Increasing demand for electric aircrafts from the commercial and military sectors due to their low emissions and noise levels.
- Development of more advanced technologies that make electric aircrafts more efficient and reduce the cost of ownership.
- Growing popularity of air taxi and ride-sharing services, which are expected to boost demand for small electric aircrafts.
- Stringent regulations on greenhouse gas emissions from traditional aviation fuels, which is driving the development of alternative fuel sources for electric aircrafts.
- Increased investment in R&D by major aerospace companies to develop new technologies for electric aircrafts
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Aircraft Market Research Report
By Type
Hybrid, All Electric
By Application
Ultralight Aircraft, Light Jet
By Companies
Zunum Aero , Yuneec International , PC Aero , Pipistrel , Eviation Aircraft , Lilium , Alisport SRL , Schempp-Hirth , Bye Aerospace , Digisky , Electric Aircraft , Volta Volare , Hamilton Aero , Electravia , Wright Electric , Aurora (A Boeing Company)Â
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Electric Aircraft Market Report Segments:
The global Electric Aircraft market is segmented on the basis of:
Types
Hybrid, All Electric
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ultralight Aircraft, Light Jet
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zunum AeroÂ
- Yuneec InternationalÂ
- PC AeroÂ
- PipistrelÂ
- Eviation AircraftÂ
- LiliumÂ
- Alisport SRLÂ
- Schempp-HirthÂ
- Bye AerospaceÂ
- DigiskyÂ
- Electric AircraftÂ
- Volta VolareÂ
- Hamilton AeroÂ
- ElectraviaÂ
- Wright ElectricÂ
- Aurora (A Boeing Company)Â
Highlights of The Electric Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid
- All Electric
- By Application:
- Ultralight Aircraft
- Light Jet
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric aircraft are aircraft that use electric power to fly. They can be powered by batteries, solar panels, or other sources of electricity.
Some of the major players in the electric aircraft market are Zunum Aero‚Â , Yuneec International‚Â , PC Aero‚Â , Pipistrel‚Â , Eviation Aircraft‚Â , Lilium‚Â , Alisport SRL‚Â , Schempp-Hirth‚Â , Bye Aerospace‚Â , Digisky‚Â , Electric Aircraft‚Â , Volta Volare‚Â , Hamilton Aero‚Â , Electravia‚Â , Wright Electric‚Â , Aurora (A Boeing Company)‚Â .
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Aircraft Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Aircraft Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Aircraft Market - Supply Chain
4.5. Global Electric Aircraft Market Forecast
4.5.1. Electric Aircraft Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Aircraft Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Aircraft Market Absolute $ Opportunity
5. Global Electric Aircraft Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Aircraft Market Size and Volume Forecast by Type
5.3.1. Hybrid
5.3.2. All Electric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Aircraft Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Aircraft Market Size and Volume Forecast by Application
6.3.1. Ultralight Aircraft
6.3.2. Light Jet
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Aircraft Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Aircraft Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Aircraft Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Aircraft Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Aircraft Demand Share Forecast, 2019-2026
9. North America Electric Aircraft Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Aircraft Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Aircraft Market Size and Volume Forecast by Application
9.4.1. Ultralight Aircraft
9.4.2. Light Jet
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Aircraft Market Size and Volume Forecast by Type
9.7.1. Hybrid
9.7.2. All Electric
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Aircraft Demand Share Forecast, 2019-2026
10. Latin America Electric Aircraft Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Aircraft Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Aircraft Market Size and Volume Forecast by Application
10.4.1. Ultralight Aircraft
10.4.2. Light Jet
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Aircraft Market Size and Volume Forecast by Type
10.7.1. Hybrid
10.7.2. All Electric
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Aircraft Demand Share Forecast, 2019-2026
11. Europe Electric Aircraft Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Aircraft Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Aircraft Market Size and Volume Forecast by Application
11.4.1. Ultralight Aircraft
11.4.2. Light Jet
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Aircraft Market Size and Volume Forecast by Type
11.7.1. Hybrid
11.7.2. All Electric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Aircraft Demand Share, 2019-2026
12. Asia Pacific Electric Aircraft Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Aircraft Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Aircraft Market Size and Volume Forecast by Application
12.4.1. Ultralight Aircraft
12.4.2. Light Jet
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Aircraft Market Size and Volume Forecast by Type
12.7.1. Hybrid
12.7.2. All Electric
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Aircraft Demand Share, 2019-2026
13. Middle East & Africa Electric Aircraft Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Aircraft Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Aircraft Market Size and Volume Forecast by Application
13.4.1. Ultralight Aircraft
13.4.2. Light Jet
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Aircraft Market Size and Volume Forecast by Type
13.7.1. Hybrid
13.7.2. All Electric
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Aircraft Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Aircraft Market: Market Share Analysis
14.2. Electric Aircraft Distributors and Customers
14.3. Electric Aircraft Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Zunum Aero
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yuneec International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PC Aero
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pipistrel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Eviation Aircraft
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lilium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alisport SRL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schempp-Hirth
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bye Aerospace
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Digisky
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Electric Aircraft
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volta Volare
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hamilton Aero
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Electravia
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wright Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Aurora (A Boeing Company)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
