Press release
Electric Aircraft Market Set to Reach $19.42 Billion by 2029 with 14% Yearly Growth
Electric Aircraft Market
The electric aircraft market is expected to grow due to an increase in international air travel volume. Passenger airlines, those airlines focusing on transporting people, are gaining preference due to the many advantages it affords like speed and convenience for international travel. Electric aircraft not only reduce the cost for passengers but are also a sustainable alternative, contributing to environmental sustainability. As per the data from the Bureau of Transportation Statistics, a government agency in the US, it was observed that the number of airline passengers increased from 658 million in 2021 to 853 million in 2022. This rise in global air traffic, therefore, fuels the demand for the electric aircraft market.
Get Your Electric Aircraft Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-aircraft-global-market-report
How will the growth rate of the electric aircraft market shape industry trends by 2034?
In recent years, the electric aircraft market has experienced rapid expansion. It is projected to increase from $10.21 billion in 2024 to $11.68 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.4%. The historical growth in this market can be credited to urban air mobility (UAM) initiatives, increasing fuel prices, demonstration flights and prototypes, environmental imperatives, as well as government initiatives and incentives.
The expected size of the electric aircraft market is predicted to experience swift expansion in the upcoming years. The growth will lead it to reach a value of $19.42 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. Several factors contributing to this predicted growth during the forecast period include an increase in worldwide air traffic, progressive developments in energy storage, support and certification from regulatory bodies, and worldwide initiatives towards achieving net-zero emissions. Key expansion trends during this period are anticipated to be the creation of regional and short-haul electric aircraft, advancements in the technology of batteries, solutions for hybrid electric aircraft, reduction efforts in noise, and growing investments within the electric aviation industry.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8142&type=smp
What trends are poised to drive the future success of the electric aircraft market?
The electric aircraft market is currently being shaped by significant technological innovations. The main players in this sector are developing cutting-edge technologies to facilitate extended routes and secure an advantage in the market. For example, Rolls Royce, an aero-engine manufacturer from the UK, introduced turbogenerator technology in June 2022. This new compact engine was developed for use in hybrid-electric applications, and will serve as an on-board power supply with adjustable power outputs. This will enhance the Rolls-Royce Electrical Propulsion portfolio by allowing a wider application of eco-friendly aviation fuels. With this revolutionary turbogenerator technology, Rolls-Royce plans to provide power levels ranging from 500 kW to 1200 kW.
Which primary segments of the electric aircraft market are driving growth and industry transformations?
The electric aircraft market covered in this report is segmented -
1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing
2) By Technology: CTOL, STOL, VTOL
3) By System: Batteries, Electric Motors, Aerostructures, Avionics, Software, Other Systems
4) By Platform: Regional Transport Aircraft, Business Jets, Light And Ultralight Aircraft
5) By Application: Commercial, Military, Other Applications
Subsegments:
1) By Fixed Wing: Electric Airplanes, E-Regional Aircraft, Electric Cargo Aircraft
2) By Rotary Wing: Electric Helicopters, eVTOL (Electric Vertical Takeoff And Landing) Aircraft
3) By Hybrid Wing: Hybrid Electric Aircraft, Convertible Aircraft
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8142
Which geographical regions are pioneering growth in the electric aircraft market?
North America was the largest region in the electric aircraft market in 2024. The regions covered in the electric aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the electric aircraft market landscape?
Major companies operating in the electric aircraft market are Airbus Yuneec Holding Limited, The Boeing Company, Lilium GmbH, Safran SA, Bye Aerospace Inc., Honeywell International Inc., Rolls-Royce Holding PLC, Aerospace Limited, Electric Aircraft Corporation, Aero Electric Aircraft Corp., Airspace Experience Technologies LLC, Ampaire Inc., BAE Systems PLC, Beta Technologies Inc., Blackbird Aero, Cessna Aircraft company, DigiSky SkySpark, Electravia SARL, Elroy Air Technologies Inc., Eviation Aircraft Ltd., Flight Design General Aviation GmbH, Harbour Air Seaplanes, Heart Aerospace AB, Joby Aviation Inc., Lange Aviation GmbH, Pipistrel d.o.o Ajdovscina, RTX Corporation, Siemens AG, Vertical Aerospace Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8142&type=smp
What Is Covered In The Electric Aircraft Global Market Report?
• Market Size Forecast: Examine the electric aircraft market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric aircraft market for a structured understanding.
• Key Players Overview: Analyze major players in the electric aircraft market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric aircraft market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric aircraft market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric aircraft market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric aircraft market.
• Competitive Landscape: Review strategic developments in the electric aircraft market, including expansions, agreements, and new product launches.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Aircraft Market Set to Reach $19.42 Billion by 2029 with 14% Yearly Growth here
News-ID: 3887125 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native …
WiseGuyReports.Com Publish a New Market Research Report On –“ Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native American Air Ambulance, Air Medical Group, REVA Air Ambulance, PHI Air Medical ”.
Air Ambulance Industry 2019
Description:-
Air Ambulance is also known as helicopter emergency medical service, it refers to the aircraft specially adapted for carrying patients with critical condition and serious injury after permanent professional medical…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…
