Global Hybrid Aircrafts Market is Growing to Reach USD 1,224 Million By 2025

Facts and Factors Market Research has published a new report titled "Hybrid Aircrafts Market By Type (Dynastats and Rotastats), By Technology (Manned Hybrid Aircraft and Unmanned Hybrid Aircraft), and By Applications (Commercial Tours, Cargo Transport, Surveillance, and Research): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2025". According to the report, the global Hybrid Aircrafts market is predicted to be valued at approximately USD 647 million in 2018 and is expected to reach a value of around USD 1,224 million by 2025, at a CAGR of around 9.5 % between 2019 and 2025.

Hybrid aircraft which is also referred to as hybrid-electric aircraft is the jet having a hybrid electric powertrain. Moreover, hybrid aircraft have the ability to bring the paradigm shift in human & cargo mobility in the near future. These airplanes are capable of transforming air traffic ecosystem and help the aviation sector reach the next level of growth during the forecast period. This new invention will also elevate the future of mobility across the aerospace & defense sector.

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The new concept of passenger drones, self-driven vehicles, and flying vehicles along with modernization of urban air travel can append new dimensions to the aviation sector, thereby helping the aerospace & defense sector tread & explore a new path of growth through the introduction of hybrid aircraft. This new mode of travel will provide impetus for new business growth opportunities to the aircraft manufacturers and pave way for the growth of the hybrid aircrafts industry over the forecast period.

Rise in the acts of terrorism will drive the market trends across the globe

The growing menace of dreadful terrorist attacks across the globe has forced the governments to strengthen their defense & air force to combat the threats from internal & external hostilities. This, in turn, is slated to boost the market growth over the forecast timeline. Additionally, the mounting necessity of advanced military tools like hybrid aircraft for aiding the military functions to counter insurgencies will open new growth vistas for the market during the forecast timeline.

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Furthermore, escalating environmental concerns due to fuel emissions due to commercial transportation activities along with growing trade activities & air traffic will amplify the business scope during the forecast period. Additionally, the fuel utilization by the hybrid airplane is less than a commercial airplane and it thus helps in fuel conservation & reducing environmental pollution. This, in turn, will impel the market surge over the forecast period. However, the huge manufacturing costs of the aircraft can impede business growth during the forecast period. Apart from this, low funding for developing aircraft across emerging & underdeveloped countries can put brakes on the market growth over the forecast timeline.

Dynastats to lead the type segment over the forecast timeline

The growth of the segment during the forecast period is owing to better fuel efficacy in the speed range in comparison to Rotastats.

Unmanned hybrid aircraft segment to register highest CAGR over the forecast period

The segment is predicted to record the highest growth rate of more than 9% during the forecast period. The surge in the segmental growth is credited to increase in the passenger drones & delivery unmanned aerial vehicles having the ability of vertical start and proficient landing capacity.

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North America to account for the major market revenue share by 2025

The regional market growth during the forecast timeline is due to a rise in the allocation of funds for defense & aerospace activities by countries like the U.S.

Some of the key participants in the business include Straightline Aviation, AUGUR-RosAeroSystems, ILC Dover, Lockheed Martin, Egan Airships, Airbus, Lindstrand Technologies, Boeing, Aeros, Solar Ship Inc., Hybrid Air Vehicles, Northrop Grumman, and AeroVehicles Inc.

This report segments the Hybrid Aircrafts market as follows:

Hybrid Aircrafts Market: By Type Analysis

Dynastats
Rotastats

Hybrid Aircrafts Market: By Technology Analysis

Manned Hybrid Aircraft
Unmanned Hybrid Aircraft

Hybrid Aircrafts Market: By Applications Analysis

Commercial Tours
Cargo Transport
Surveillance
Research

Hybrid Aircrafts Market: By Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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