[PDF] Electric Aircraft Market : The Secret History And Future Growth

What Is Electric Aircraft?

Electric aircraft is driven by the use of electric motors and are equipped with electrical systems. These aircraft are light in weight with less fuel usage and reduced emissions. The non-propulsive power systems such as mechanical, hydraulic, and pneumatic are replaced with an electrical system that helps in reducing the operating cost of the electric aircraft. The absence of heavy machines that require proper maintenance provides better efficiency and it makes electrical system a suitable option for both aircraft manufacturers and aircraft carriers. Electric aircraft are highly innovative with respect to technology and functioning. Electric aircraft uses different sources of energy in order to preserve non-renewable energy and it is considered better than traditional aircraft, which is expected to drive the market growth during the forecast period.

Electric Aircraft Market Key Players:

Boeing, Airbus, Raytheon Technologies Corporation, Honeywell International Inc., Thales Group, Lockheed Martin Corporation, Zunum Aero, YUNEEC, Elektra Solar GmbH, PIPISTREL, BYE AEROSPACE, DELOREAN AEROSPACE, LLC, Joby Aviation, Siemens, Safran, Bombardier, TTTech Computertechnik AG, and AgustaWestland

The global Electric Aircraft market is estimated to account for US$ 3731.3 Million by 2027

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Market Dynamics The global electric aircraft market is expected to grow significantly during the forecast period, owing to the increasing airline passengers. This is attributed to the rising disposable income of people in emerging and developed countries. For instance, in China, according to the National Bureau of Statistics (NBS), rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018. Moreover, according to the U.S. Bureau of Economic Analysis (BEA), disposable personal income increased to US$ 16,706.40 million in December 2019 from US$ 16,675.80 million in November 2019 in the U.S. Furthermore, the tourism industry continues to expand and it became vital for manufacturers to find alternatives that will not only boost the capacity of electric aircraft and also protect the environment from air, noise, and ground pollution due to increased air traffic. For instance, regulatory bodies such as International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), and Federal Aviation Administration (FAA) introduced several regulatory policies to minimize carbon emission.

Electric Aircraft Market Taxonomy

Global Electric Aircraft Market, By Type:

Ultralight Aircraft
Light Jet
Global Electric Aircraft Market, By Component:

Battery
Electric Motor
Others
Global Electric Aircraft Market, By Technology:

Hybrid
All Electric
Global Electric Aircraft Market, By Power Range:

Less than 500 Km
More than 500 Km
Global Electric Aircraft Market, By Application:

Commercial
Military
Others

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Key features of the study:

This report provides in-depth analysis of Electric Aircraft market, market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global Electric Aircraft market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
Key companies covered as a part of this study include Boeing, Airbus, Raytheon Technologies Corporation, Honeywell International Inc., Thales Group, Lockheed Martin Corporation, Zunum Aero, YUNEEC, Elektra Solar GmbH, PIPISTREL, BYE AEROSPACE, DELOREAN AEROSPACE, LLC, Joby Aviation, Siemens, Safran, Bombardier, TTTech Computertechnik AG, and AgustaWestland
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, product up-gradation, market expansion, and marketing tactics
The global Electric Aircraft market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global Electric Aircraft market

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.