Press release
Rising Air Traffic To Boost Hybrid-Electric Aircraft Market Growth: A Key Driver Powering Hybrid Electric Aircrafts Market Growth In 2025
Hybrid Electric Aircrafts
What Is the Current Hybrid Electric Aircrafts Market Size and Its Estimated Growth Rate?
The hybrid electric aircrafts market size is expected to grow from $1.76 billion in 2024 to $2.21 billion in 2025, at a CAGR of 25.5%. This growth is driven by rising fuel costs, environmental concerns, stricter emissions regulations, higher demand for energy-efficient aviation, and government support for green aviation initiatives.
The hybrid electric aircraft market size is projected to grow to $5.44 billion in 2029, with a CAGR of 25.3%. The growth is attributed to the adoption of urban air mobility (UAM), noise reduction efforts, airline sustainability goals, hybrid propulsion systems for larger aircraft, and investment in electric aviation infrastructure. Key trends include hybrid-electric air taxis, fast charging infrastructure, modular electric powertrains, government incentives for sustainab
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How Are Emerging Segments Shaping the Hybrid Electric Aircrafts Market Landscape?
The hybrid electric aircraftsmarket covered in this report is segmented -
1) By Aircraft Type: Regional Transport Aircraft, Business Jets And Light Aircraft, Advanced Air Mobility
2) By Component: Aerostructures, Engine, Avionics, Electric Motor, Batteries And Fuel Cells, Generator, Other Components
3) By Lift Technology: Conventional Take-Off And Landing (CTOL), Short Take-Off And Landing (STOL), Vertical Take-Off And Landing (VTOL)
4) By Mode Of Operation: Piloted, Automated
5) By Application: Commercial, Military
Subsegments:
1) By Regional Transport Aircraft: Short-Haul Regional Aircraft, Medium-Haul Regional Aircraft, Turboprop Hybrid Aircraft
2) By Business Jets And Light Aircraft: Light Business Jets, Personal Light Aircraft, Hybrid Electric Trainers
3) By Advanced Air Mobility: Urban Air Mobility Vehicles, Electric Vertical Takeoff And Landing (eVTOL) Aircraft, Cargo Delivery Drones
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Which Growth Factors Are Influencing Hybrid Electric Aircrafts Market Expansion?
The growth in air traffic is accelerating the hybrid-electric aircraft market. Rising incomes, economic growth, and tourism contribute to more air travel. Hybrid-electric aircraft reduce emissions and noise, offering cleaner operations. For instance, in February 2024, the International Air Transport Association reported a 36.9% increase in global air traffic in 2023 compared to 2022. Therefore, air traffic expansion is powering the hybrid-electric aircraft market.
Who Are the Dominant Players Across Different Hybrid Electric Aircrafts Market Segments?
Major companies operating in the hybrid electric aircrafts market are Siemens AG, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell Aerospace, National Aeronautics and Space Administration (NASA), Safran S.A., Rolls-Royce Holdings plc, Israel Aerospace Industries Ltd., Embraer S.A., GKN Aerospace Services Limited, Daher, Aurora Flight Sciences, Heart Aerospace AB, Aura Aero S.A.S., MagniX International, Dufour Aerospace AG, Manta Aircraft Inc., Airspace Experience Technologies Inc., Zunum Aero Inc., Ampaire Inc., Elroy Air Inc., Electra Aero Inc.
What Are the Latest Developing Trends in the Hybrid Electric Aircrafts Market?
Leading firms in the hybrid-electric aircraft sector are focusing on creating high-speed propulsion systems, such as turbogenerator technology, to improve efficiency and reduce environmental impact through advanced power solutions. Turbogenerator technology generates electricity using turbines, often paired with high-speed engines, providing reliable and efficient power. In June 2022, Rolls-Royce Holdings plc, a UK-based aerospace and defense company, introduced a new turbogenerator system designed for hybrid-electric aircraft. This system, with power outputs ranging from 500 kW to 1200 kW, is set to complement Rolls-Royce's current electric propulsion offerings. It aims to extend flight range by using sustainable aviation fuels and future hydrogen combustion technologies, enabling longer travel distances with lower or net-zero emissions for more passengers.
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Which Geographic Regions Are Expected to Dominate the Hybrid Electric Aircrafts Market in the Coming Years?
North America was the largest region in the hybrid electric aircrafts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hybrid electric aircrafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hybrid Electric Aircrafts Market?
2. What is the CAGR expected in the Hybrid Electric Aircrafts Market?
3. What Are the Key Innovations Transforming the Hybrid Electric Aircrafts Industry?
4. Which Region Is Leading the Hybrid Electric Aircrafts Market?
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