Electric Aircraft Market

Electric Aircraft Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Electric Aircraft Market 2018
Electric Aircraft Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
An electric aircraft is an aircraft power-driven by electric motors. Electric energy may be supplied by several methods, including ground power cables,
batteries, solar cells, power beaming ultra-capacitors, and fuel cells. Increase in per capita income has led to a continuous rise in the number of air
passengers over the past few years. This has driven the demand for aircraft, which, in turn, is driving the growth of the electric aircraft market. Electric
aircraft manufacturers are looking forward to developing electric-powered aircraft that will consume no fuel, emit no CO2 or NOx, and will be
considerably quieter as compared to the traditional gas-powered aircraft.
Rising fuel prices have become a major concern for the aircraft companies. This is impelling them to look for alternatives to conventional fuel sources.
Thus, the focus on electrical energy as an eco-friendly and efficient alternative to conventional fuel may increase the electric aircraft market demand over
the forecast period. The use of electric aircraft will help in reducing noise, air, and ground pollution. This results in minimizing the hazards of global
warming. This is estimated to drive the demand for the electric aircraft market.
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Electric Aircraft Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Electric Aircraft
Market Research Report - Global Forecast 2023”
Electric aircraft are very innovative with respect to functioning and technology. An electric aircraft consists of a variety of autonomous electric
components and systems, including structural components, smart skin, and printed electronics. The electric aircraft market growth is propelled by the rise
in usage of these autonomous systems. The decrease in the operational & maintenance costs and the remarkable increase in aircraft deliveries have been a
few other major factors spurring the electric aircraft market demand.
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Electric Aircraft Market 2018
Segmentation:
This study provides an overview of the global Electric Aircraft Market, tracking four market segments across five geographic regions. The report studies
key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC)
and the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for
each region. The scope of the study segments the global Electric Aircraft market by its Technology, Power Source, Range, Application, and Region.
According to MRFR, the global Electric Aircraft Market is estimated to witness a CAGR of more than 4% during the forecast period from 2018 to 2023.
The electric aircraft market is an emerging market with fewer multinational and regional manufacturers and suppliers. These multinational players offer
heterogeneous products and services. These products may sometimes be customized, particularly when it comes to military aircraft. The electric aircraft
market is highly capital driven and completely based on technological developments, quality, cost, and reliability of the components. To gain a competitive
advantage, the major vendors in the market respond and identify the evolving trends in geopolitical situations.
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Electric Aircraft Market 2018
Application & Major Players in this Research:
Electric Aircraft Market Prominent Players:
Bye Aerospace (U.S.),
DeLorean Aerospace (U.S.),
Eviation Aircraft (Israel),
Electric Aircraft Corporation (U.S.),
Lilium (Germany),
PC Aero (Germany),
Pipistrel (U.K),
Siemens (Germany), Schempp-Hirth (Germany),
Volta-Volaré (U.S.), Yuneec International (China), and Zunum Aero (U.S.).
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Electric Aircraft Market 2018
Electric Aircraft Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
North America is estimated to be a prominent region for the electric aircraft market during the forecast period. Rise in
the developments in the military sector, such as the procurement of lightweight aircraft and innovative military jets, is
expected to increase the demand for the electric aircraft market in North America. In Asia Pacific, India and China are
expected to grow at a significant rate, during the forecast period, as these countries follow the Environmental
Protection Agency (EPA) and International Civil Aviation Organization (ICAO) emission norms to combat air
pollution.
Hence, there is potential for use of electric aircraft for air transport in this region. Investments in lightweight
components, highly efficient power electronics, and highly competent batteries drive the demand for the market. In
addition, support from governments, in terms of tax benefits and subsidies, will support the growing demand
throughout the forecast period.
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Global Electric Aircraft Market by Technology (Hybrid Aircraft, All Electric Aircraft), Power Source (Battery, Solar Cells, Fuel Cells, Others), by Range (Less than 600 Km, More than 600 Km), Application (Commercial, Military), and by Region - Forecast Till 2023

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