Press release
Hybrid Aircraft Market Expected To Reach USD 13,660 Million by 2030, Growing at a CAGR of 41.5% From 2023-2030
Hybrid Aircraft Market
Some of the Top Leading Key Players:
Boeing (US), Lockheed Martin (US), General Electric (GE) Aviation (US), Raytheon Technologies (US), Honeywell Aerospace (US), MagniX (US), Joby Aviation (US), Wright Electric (US), Electra.aero (US), Bombardier (Canada), Airbus (Netherlands), Rolls-Royce (UK), Siemens (Germany), Safran (France), BAE Systems (UK), Pipistrel (Slovenia), Lilium (Germany), Heart Aerospace (Sweden), Aura Aero (France), Embraer (Brazil), and Other Major Players.
Hybrid Aircraft Market Size Was Valued at USD 850 Million in 2022 and is Projected to Reach USD 13,660 Million by 2030, Growing at a CAGR of 41.5% From 2023-2030.
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The hybrid-electric propulsion (HEP) market for aircraft is rapidly evolving, driven by the increasing demand for more environmentally sustainable and efficient aviation solutions. This market segment, which incorporates a combination of traditional internal combustion engines (ICE) and electric motors (EM), is witnessing significant investment and research from major aerospace companies like Airbus, Boeing, Rolls-Royce, and Siemens.
Segmentation Analysis of the Hybrid Aircraft Market
By Aircraft Type
Regional Transport Aircraft
Business Jets and Light Aircraft
UAVs and AAM
By Lift Technology
Conventional Takeoff And Landing
Short Takeoff And Landing
Vertical Takeoff And Landing
By Mode of Operation
Piloted
Autonomous
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Hybrid Aircraft Market Trend Analysis
Elevating Industrial Efficiency, The Growing Role of Hybrid Aircraft
In June 2023, Airbus and STMicroelectronics, a leading semiconductor company, announced a collaboration agreement to advance power electronics R&D. This partnership aims to enhance the efficiency and reduce the weight of power electronics, crucial for the development of future hybrid aircraft and fully electric urban air vehicles, marking a significant step towards more sustainable aviation technology.
In June 2023, Embraer and GKN Aerospace partnered to advance hydrogen technology in aviation, aligning with global efforts to achieve net-zero carbon by 2050. This collaboration focuses on accelerating hydrogen implementation to reduce emissions, contributing to a sustainable future. The partnership includes exploring a hydrogen flight demonstrator, underscoring Embraer's dedication to environmentally responsible aviation advancements.
In January 2023, Ampaire, a leader in electric aviation announced a contract to upgrade Conecta's Grand Caravans to Ampaire Eco Caravans. Azul has ordered upgrade kits for its Caravan fleet because it sees the hybrid-electric solution as the fastest way to deploy sustainable technologies, benefiting passengers and the environment.
Regional Analysis
North America is Expected to Dominate the Market Over the Forecast period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Strategic Points Covered in Table of Content of Hybrid Aircraft Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Hybrid Aircraft Market Landscape
Chapter Four: Hybrid Aircraft Market by Type
Chapter Five: Hybrid Aircraft Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Hybrid Aircraft Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
Vishwanath K (PR & Marketing Manager)
Introspective Market Research Private Limited
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At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving our clients' growth and market dominance. Leveraging cutting-edge technology, big data, and advanced analytics, we provide deep insights and strategic solutions that enable our clients to stay ahead in a competitive landscape. Our expertise spans across comprehensive Market Research Reports, Holistic Market Insights, Macro-Economic Analysis, and tailored Go-to-Market (GTM) Strategies. Through our Consulting Services and AI-Driven Solutions, we empower businesses to navigate challenges and achieve their objectives. Additionally, we offer Product Design and Prototyping support and Flexible Staffing Solutions to meet evolving industry demands. Our IMR Knowledge Cluster ensures continuous learning and innovation, guiding our clients toward sustainable success.
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